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Markets, News

Ukraine imports soybeans for the first time in years

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Reuters – Ukraine, a major exporter of soybeans, has agreed to its first soybeans imports in many years and industry sources said such deals could be repeated in future if domestic output continues to shrink. The 20,000 tonnes of Brazilian soy is to arrive on three vessels, two of which have already departed, at Ukraine’s
(Leonid Eremeychuk/iStock/Getty Images)
Crops

Court blocks sales of dicamba in U.S.

Bayer says it's seeking new EPA registration for 2021

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Updated — Reuters — A U.S. appeals court has blocked Bayer from selling an agricultural weed killer in the United States, the latest setback for a business already fighting an expensive legal battle over another product. A three-judge panel of the Ninth U.S. Circuit Court of Appeals ruled the U.S. Environmental Protection Agency (EPA) substantially
(Gassen/iStock/Getty Images)
Markets

China tells state firms to halt purchases of major U.S. farm products

Purchases of soybeans, pork, corn, cotton on hold

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Beijing/Singapore | Reuters –– China has told state-owned firms to halt purchases of soybeans and pork from the United States, two people familiar with the matter said, after Washington said it would eliminate special treatment for Hong Kong to punish Beijing. Large-volume state purchases of U.S. corn and cotton have also been put on hold,
Manitoba’s Agriculture Department reported seeding at about 42 per cent complete at the end of the second week of May, down from the three-year average of about 55 per cent.
Grain Markets, Markets

Canola futures run up into resistance

Canola’s downturn likely followed declines in CBOT soybeans and soyoil

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After grinding higher for most of the past month, the ICE Futures canola market ran into resistance and took back a large portion of those gains during the week ended May 22. The July contract traded just below resistance around the 100-day moving average, near $475 per tonne, for a number of days before finally
(Dave Bedard photo)
Crops, Markets

U.S. corn production expected way up in USDA’s May WASDE

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MarketsFarm — There will be sharp increases in the United States’ 2020-21 corn production — and especially in ending stocks, according to the latest monthly supply and demand report from the U.S. Department of Agriculture (USDA). The department issued its latest world agricultural supply and demand estimates (WASDE) on Tuesday. U.S. soybean planted acres and
Soybeans are harvested on a farm on the outskirts of San Jose, in southern Uruguay in this file photo. The latest market intelligence says that country will produce fewer soybeans this season.
Grain Markets, Markets

More soybean production for Paraguay, less for Uruguay

It’s a tale of two countries in these Latin American nations

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Soybean production in Paraguay and Uruguay are headed in opposite directions, as reported by the United States Department of Agriculture (USDA) attaché in Argentina. Production in Paraguay is on the upswing, while it’s declining in Uruguay, but each country is faced with particular problems. For the 2019-20 marketing year, it’s expected Paraguay will produce approximately
A bag of beans sits atop bulk soybeans at a Walmart in Beijing on Sept. 23, 2019.
Grain Markets, Markets

Oilseeds draw strength from China’s recent market action

Oil’s fading fortunes put pressure on canola, not to mention other crops

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Canola prices showed impressive resilience during the week ended April 24 after being battered by outside markets earlier in the week. On April 20, West Texas Intermediate (WTI) crude oil futures dropped into negative territory to close at minus US$37.63, as traders bailed out of the May contract before its expiry date. The June contract

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