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China’s Oct. soy imports from U.S. slump due to weak demand
Markets, News

China’s Oct. soy imports from U.S. slump due to weak demand

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China’s October soybean imports from the United States fell sharply from the previous year, customs data showed in mid-November, hit by poor demand and limited exports. China brought in 775,331 tonnes of U.S. soybeans in October, down 77 per cent from 3.4 million tonnes a year earlier, according to data released from the General Administration
Dominic Barton. (Video screengrab from McKinsey.com)
Crops

Ambassador to China to leave post after helping free detainees

Canola, 5G access, other issues remain

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Ottawa | Reuters –– Canada’s ambassador to China said on Monday he would soon leave his post after a two-year assignment where he helped secure the freedom of two Canadian detainees despite icy relations between Beijing and Ottawa. Dominic Barton’s departure, which will take effect Dec. 31, leaves a crucial diplomatic post open at a
Geopolitical issues will always have an impact on business, especially a global industry like agriculture where China will continue to be the main factor.
Markets, News

Global factors key in changing ag landscape

China, Russia, biofuel trends among factors likely to affect future market risks

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I recently read The New Merchants of Grain: Out of the Shadows by Jonathan Kingsman. It’s like an updated version of the 1979 classic Dan Morgan book The Merchants of Grain. The book follows a series of interviews and discussions with senior executives from many well-known grain companies like ADM, Bunge and Glencore but also
CBOT March 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets

U.S. grains: Wheat rallies as global demand offsets virus worries

USDA confirms China buys U.S. soybeans

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Chicago | Reuters — U.S. and European wheat futures jumped on Thursday as a series of import tenders and fears of rain damage to Australia’s harvest overshadowed concerns over the spread of the new coronavirus variant. Soybean and corn futures also advanced at the Chicago Board of Trade (CBOT). Global demand for wheat put renewed
A worker inspects soybeans during the soy harvest near the town of Campos Lindos, Brazil, February 18, 2018.
Farmit Manitoba, News

Global crop production picture improves

Big U.S., Brazil harvests and slowing China demand ease some crop shortage fears

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Big U.S. harvests, near-perfect weather for planting in Brazil and signs of slowing purchases by top buyer China are bolstering supplies of two of the top globally traded commodities: soy and corn. The rising stocks indicate that prices for those key crops, as well as for other staples such as sugar and coffee, may have
CBOT December 2021 wheat (candlesticks) with K.C. December 2021 wheat (orange line) and MGEX December 2021 wheat (green line, left column). (Barchart)
Crops, Markets

U.S. grains: CBOT wheat down off nine-year high

Chicago corn, soybeans also weak

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Chicago | Reuters — U.S. wheat futures fell on Tuesday on a profit-taking setback, with the benchmark Chicago Board of Trade soft red winter wheat contract sagging 1.9 per cent from the nine-year high it hit on Monday. Corn and soybean futures also were lower, but the declines were kept in check by signs of
File photo of a Chinese cornfield. (Baona/iStock/Getty Images)
Crops

China proposes new rules to ease GMO approvals

Leadership seeks 'turnaround' in seed sector

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Beijing | Reuters — China is planning changes to its seed regulations that will make it easier to approve genetically modified crops, a move seen as a critical step toward commercializing GM corn. The ministry of agriculture and rural affairs published a draft document late on Friday proposing a series of amendments to several different
CBOT January 2022 soybeans (candlesticks) with 20-day moving average (yellow line) and December 2021 soymeal (black line, left column). (Barchart)
Crops, Markets

U.S. grains: Soybeans climb as soymeal surges

U.S. wheat nears nine-year top

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Chicago | Reuters — U.S. soybean futures rose about two per cent on Friday, led by soaring soymeal futures tied to technical buying, brisk demand for the high-protein feed ingredient and logistical hurdles, traders said. Corn and wheat futures followed the higher trend, supported by tightening global grain supplies and fund-driven buying, and U.S. wheat
A Western blot analysis, used to detect specific proteins in tissue samples, is used to confirm BSE in cattle. (Peggy Greb photo courtesy ARS/USDA)
Beef cattle, Livestock, Markets

Brazil plays down BSE risk in suspect cases in people

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Sao Paulo/Rio de Janeiro | Reuters — Brazil’s agriculture ministry said that two cases reported on Thursday of a neurodegenerative disorder in patients in Rio de Janeiro state were not related to beef consumption, tamping down fears of possible BSE causing human illness. Federal biomedical institute Fiocruz, which is investigating the possibility of bovine spongiform

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