Australia’s ABARES raised its forecast for national wheat production this season by around 1.8 million tonnes to 35.6 million tonnes, cementing expectations for a bumper harvest that will add to abundant global supply and pressure prices.
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Australia raises wheat harvest estimate by nearly two million tonnes
Australia’s weather bureau casts doubt on prospects for La Nina
Australia’s weather bureau is not convinced that a La Nina weather pattern is forming that could change rainfall patterns and bring wilder weather to parts of the Americas, Asia and Oceania, affecting crop production.
U.S. grains: Soybeans gain on lackluster harvest sales, lower yield outlook
Chicago | Reuters — U.S. soybean futures rose for a second straight day on Wednesday on expectations that U.S. harvest yields will be lower than the latest government forecast and on limited sales by farmers awaiting news from U.S.-China trade talks and details of government aid. Corn followed soybeans higher as an expected yield forecast
U.S. grains: Soybean futures fall after Trump-Xi call
Chicago | Reuters — U.S. soybean futures fell to their lowest in a week on Friday, erasing early gains after a phone call between U.S. President Donald Trump and Chinese President Xi Jinping failed to yield news on soybean exports, analysts said. Corn and wheat futures followed soybeans lower. Additional pressure stemmed from the ongoing
Australia nears breakthrough canola deal with China, sources say
Phytosanitary rules have restricted Australia’s canola exports to China
Canberra is close to an agreement with Beijing that would allow Australian suppliers to ship five trial canola cargoes to China, sources familiar with the matter said, a move towards ending a years-long freeze in the trade.
U.S. grains: Corn rebounds from contract lows on short covering, bargain buying
Bargain buying and short covering lifted U.S. corn futures on Monday after the market slid to contract lows on expectations for strong U.S. output, traders said.
Ukraine corn exports seen falling sharply in June, producers union says
Kyiv | Reuters – Ukrainian corn exports are set to fall to one million metric tons in June from two million tons in May, as Ukraine-origin corn is uncompetitive compared to its American equivalent, producers’ union UAC said on Wednesday. Ukraine is a traditional corn grower and exporter and exports are expected at around 22
U.S. grains: Soybeans fall to seven-week low; corn eases, wheat climbs
Chicago | Reuters — Chicago Board of Trade soybean and soyoil futures fell to their lowest levels in seven weeks on Monday on worries about demand for U.S. oilseed supplies and generally favorable crop weather, analysts said. Corn futures followed soybeans lower. But wheat futures rose on short-covering as a Ukrainian drone attack in Russia
U.S. grains: Soybeans drop from 10-month high as biofuel guidance pressures soyoil
Chicago soybean futures on Thursday plummeted from the previous session's 10-month high, pressured by a sharp drop in soyoil caused by concerns over U.S. biofuel targets, traders said.
Trump administration aims to make faster meat processing permanent
Agency plans rulemaking to formalize speed increases
Chicago/Washington | Reuters – The Trump administration said on Mar. 17 that it plans to permanently allow U.S. poultry and pork processing plants to operate more quickly, raising concerns among advocacy groups about worker health and food safety. The U.S. Department of Agriculture decision is a victory for meat companies and industry associations such as the National Chicken
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