Grains, Seeds, Vegoils & Meals

Aug 23 - Asian CPO Closes Tad Higher (Dow Jones)
Asian crude palm oil price futures swung between gains and losses to end marginally higher. Prices hit a 5-month high earlier in the day on expectation of lower production this month, but later reversed some of the gains in mid-day trade on a U.S. decision to impose taxes on import of biodiesel from Indonesia and Argentina. "The news had an adverse impact on palm oil prices," notes David Ng, an analyst at Philip Futures in Kuala Lumpur. The November benchmark palm-oil contract on the Bursa Malaysia Derivatives Exchange finished up MYR2 at MYR2,739/ton.

Aug 23 - Argentine biodiesel industry says U.S. duties will halt exports 

Argentine biodiesel exports will be priced out of the U.S. market, its leading industry body said, after Washington decided on Tuesday to impose steep duties on imports that it said were unfairly subsidized. The countervailing duties on soy-based Argentina biodiesel could be as much as 64.17 percent, according to a statement from the U.S. Commerce Department. Duties of up to 68.28 percent will be imposed on palm oil biodiesel imports from Indonesia. Click here to read full stories.

Aug 23 - Egypt likely to reject Romanian wheat as prosecutor decides fate - sources

Egypt's public prosecutor is looking likely to reject and re-export a cargo of Romanian wheat shipment purchased by its state grain buyer GASC for containing poppy seeds, a judicial source said on Tuesday. If re-exported, the cargo would be the first GASC wheat purchase to be turned away from an Egyptian port since a French wheat cargo sold by Bunge was rejected for containing the common grain fungus ergot in late 2015. Click here to read full stories.

Aug 23 - EU starts in-depth probe of Bayer, Monsanto deal 

The European Commission has started an in-depth investigation of Bayer's planned $66 billion takeover of U.S. seeds group Monsanto, saying it was worried about competition in various pesticide and seeds markets. The deal would create the world's largest integrated pesticides and seeds company, the Commission said, adding this limited the number of competitors selling herbicides and seeds in Europe. Click here to read full stories.

Aug 23 - Russia's grain export season extended as huge crop tests infrastructure

The arrival of a record grain crop is expected to severely test Russia's cereal storage and transport infrastructure, pitting its supply against European Union and U.S. origin for the entire 2017/18 marketing year. Russia, shaping up to be the world's largest wheat exporter in the coming 2017/18 marketing year, is seen harvesting between 125-127 million tonnes of grain, unofficial estimates show, beating last year's record.  Click here to read full stories.

Aug 23 - Indiana corn yield seen below 2016, soybean pod count also lower - tour 

Indiana corn yields are projected to be down from last year as excessive rains at times during the spring and summer hindered production in parts of the No. 5 producing state, scouts on an annual tour said on Tuesday. The four-day Farm Journal Midwest Crop Tour estimated corn yields in Indiana at 171.23 bushels per acre (bpa), below the 173.42 bpa estimated in 2016 but above the three-year tour average of 167.13 bpa. The U.S. Department of Agriculture earlier this month estimated the state's average corn yield at 173 bpa, unchanged from 2016. Click here to read full stories.

Aug 23 - New Zealand's a2 Milk logs record profit after making the right bets on China 

New Zealand's a2 Milk Co Ltd said annual profit tripled to record levels on soaring demand for its infant formula products in China and also unveiled a share buyback that propelled its stock, already an investor favourite, higher. A2 is widely viewed as having made the right bets with its China strategy, placing informal "daigou" shopping agents at the centre of its distribution efforts, while some rivals have been caught out by new China's registration laws that caused many in the sector to dump their product. Click here to read full stories.

Aug 23 - JBS to invest $9.5 mln to create Brazil fertilizer unit 

The world's largest meatpacker, JBS SA, said on Tuesday it will invest 30 million reais ($9.53 million) to produce fertilizers in Brazil, a country that currently imports most of the fertilizers used by its farmers. JBS will build a new plant at a location yet to be announced, it said in a statement, adding that the unit should be operational in one year. Click here to read full stories.

Aug 23 - South Africa's bird flu outbreak threatens poultry industry - minister

An outbreak of bird flu in South Africa threatens the country's poultry industry and jobs, Agriculture Minister Senzeni Zokwana said on Tuesday after meeting with poultry industry executives. Zokwana said government would consider importing fertile eggs to help close a supply gap due to the culling of thousands of birds following the outbreak earlier this year that led neighbouring countries to ban imports from South Africa. Click here to read full stories.

Aug 23 - Redpath set to succeed Silbert as head of TrailStone - sources 

John Redpath, a senior partner and head of the liquids agriculture business at global commodities trader TrailStone Group, is set to succeed David Silbert as head of the firm, two sources familiar with the matter said on Tuesday. It was not clear what Redpath's new title will be, the sources said. Redpath joined TrailStone after working as managing director and global head of oil and agriculture trading for Deutsche Bank from 2007 to 2013, according to TrailStone's website. Click here to read full stories.

Aug 22 - Asian CPO Rises on Stronger Competing Oils (Dow Jones)
Asian crude palm oil price futures extended gains Tuesday, drawing strength from competing oils. Higher prices of palm olein on China's Dalian Commodity Exchange, as well as gains in soybean oil on the Chicago Board of Trade provided support. However, the price rise might be short-lived as overall production is expected to rise, according to the Malaysian Palm Oil Board. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange last traded up MYR24 at MYR2,735/ton ($639).

Aug 22 - U.S. seeks WTO dispute panel on China's grain import quotas 

The United States has requested a World Trade Organization panel be set up to investigate Chinese tariff-rate quotas (TRQ) for agricultural products, the WTO said on Monday, setting up a showdown between the two largest economies. The row, which includes tariffs for wheat, rice, and corn, was initiated under the Obama administration which sought consultations on Dec. 15, but now the Trump administration has moved ahead with a formal request. Click here to read full stories.

Aug 22 - Egypt may reject Romanian wheat as trade reforms hang in the balance 

Egypt is considering whether to reject a 63,000 tonne Romanian wheat cargo, reviving fears of a return to tight import restrictions that halted the country's billion dollar grain trade last year. The shipment, purchased by state grain buyer GASC, was found to contain poppy seeds upon arrival at the Red Sea port of Safaga, an agricultural quarantine document seen by Reuters showed on Monday. Click here to read full stories.

Aug 22 - Australia's Murray Goulburn considers interest from an array of suitors

Murray Goulburn Co-operative, Australia's largest milk processor, said on Tuesday it was considering approaches from a broad array of suitors who were interested in acquiring the cooperative as a whole or some of its assets. The interest comes as Murray Goulburn, reeling from an ill-fated Asian expansion, reported its first annual loss since its 2015 listing. Click here to read full stories.

Aug 22 - U.S. farmers confused by Monsanto weed killer's complex instructions 

With Monsanto Co's latest flagship weed killer, dicamba, banned in Arkansas and under review by U.S. regulators over concerns it can drift in the wind, farmers and weed scientists are also complaining that confusing directions on the label make the product hard to use safely. Dicamba, sold under different brand names by BASF and DuPont, can vaporize under certain conditions and the wind can blow it into nearby crops and other plants. The herbicide can damage or even kill crops that have not been genetically engineered to resist it. Click here to read full stories.

Aug 22 - Corn yields found below average in southeastern South Dakota 

Corn yield potential in southeastern South Dakota was below average, with soybean pod counts also low as crops showed signs of stress in the fields, scouts on annual tour found on Monday. Crop scouts on the first day of the Farm Journal Midwest Crop Tour saw signs of excessive moisture early in the growing season that hampered soybean development. Green snap was noted in corn fields. Click here to read full stories.

Aug 22 - U.S. soy ratings seen improved, corn unchanged from week ago - poll

The U.S. Department of Agriculture's weekly crop progress report should show a slight improvement in good-to-excellent ratings for the U.S. soybean crop and no change for corn ratings, according to an average of estimates by 10 analysts polled by Reuters on Monday. The poll forecast the soybean crop would be rated 60 percent good to excellent as of Sunday, up from 59 percent the previous week. Click here to read full stories.

Aug 22 - Russian wheat prices fall, tracking lower global benchmarks 

Russian wheat export prices fell for a third week, tracking a 5 percent decline in U.S. wheat futures last week amid pressure from large supplies in many producing regions, SovEcon agriculture consultancy said on Monday. Black Sea prices for Russian wheat with 12.5 percent protein content and for the nearest delivery were $190 a tonne on a free-on-board (FOB) basis at the end of last week, down $7 from a week earlier, SovEcon said. Barley prices were flat at $178.5 per tonne. Click here to read full stories.

Aug 22 - German wheat harvest hit by rain, worry about quality loss 

Recent repeated rainfall has delayed Germany's wheat harvest and created concern about late quality loss, possibly reducing export supplies and generating larger than expected volumes of feed wheat, traders and industry officials said on Monday. "We had hoped the wheat harvest would be finished by now but between 40 to 50 percent of the crop in the major north German wheat export regions is still in the fields waiting to be cut," one German trader said. Click here to read full stories.

Aug 22 - EU crop monitor raises 2017 maize yield forecast, wheat unchanged 

The European Union's crop-monitoring service raised its yield forecast for this year's EU maize crop after welcome rainfall in the southeast and left its soft wheat yield estimate unchanged as a cut for Germany was offset by a better outlook for France. In a monthly report released on Monday, the MARS service lifted its projected EU maize yield to 6.93 tonnes per hectare (t/ha) from the 6.83 t/ha seen last month, still 3 percent below last year's level but now slightly above the five-year average. Click here to read full stories.

Aug 22 - BHP says not to seek go-ahead for its Jansen potash project in 2018 

BHP Billiton said it will not be seeking approval for its Jansen potash project in the 2018 calendar year due to uncertain timing on the need for the commodity used as fertilizer. "We will not be seeking board approval for Jansen this year," Chief Financial Officer Peter Beaven told an analyst briefing after the company reported a five-fold lift in annual underlying profit to $6.7 billion in fiscal 2017. Click here to read full stories.

Aug 22 - India puts curbs on import of green gram, black matpe

India has capped imports of green gram and black matpe at 300,000 tonnes, the government said in a notification on Monday, as the prices of the pulses have plunged due to record production. The restriction will help support local prices of both the lentils in the world's biggest importer of the pulses, but will put pressure on producers such as Myanmar, Tanzania, Mozambique and Malawi which rely on exports to India. Click here to read full stories.

Aug 22 - Asian CPO Prices Jump on Production Concerns (Dow Jones)
Asian palm-oil prices hit 5-month highs on worries that Malaysian production might fall in August due to wet conditions, says a Kuala Lumpur-based trader. Output has been expected to bounce back in 2H amid continued recovery from last year's El Nino. The Bursa Malaysia benchmark palm-oil contract is trading up 0.8% at MYR2,733/ton.

Aug 21 - Rising EUR/USD Provides Tailwind to NZ Dairy Exports (Dow Jones)
Unfavorable weather and a 10% rise in the EUR/USD since the start of January is souring Europe's dairy exports, providing an opportunity for New Zealand to claim additional market share. "While US milk supply continues to grow steadily (1.5%-2%) and the lower USD is making exporting more attractive, Europe remains New Zealand's largest direct competitor," ANZ says. New Zealand's Fonterra Cooperative, the world's largest dairy exporter, last month raised lifted its farmgate milk price forecast to NZ$6.75/kg of milk solids, up 25 cents on a prior estimate provided in May.

Aug 21 - Asian CPO Ends Up in Line with Rival Oil (Dow Jones)
Asian crude palm oil futures ended Monday's trading session higher, following gains in competing soy oil prices. The price rebound came despite palm oil exports from Malaysia declining 14.7% on month during the Aug. 1-20 period, according to estimates by cargo surveyor Intertek Agri Services. Another surveyor, SGS (Malaysia) Bhd. estimated exports fell 15.3% on month. "The market might trade carefully in the near-term until demand improves," a Kuala Lumpur-based trader said. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange ended MYR30 ($7) higher at MYR2,711/ton.

Aug 21 - Grain, Soybean Futures Sink After Midwest Rain (Dow Jones)
Grain and soybean futures drop after weekend rainfall in the western Midwest eased concerns about dry crops. More rain is expected to start the week. CFTC data Friday showed money managers turning pessimistic on soybeans, switching from bets that prices would rise to a net short position of 14,399 futures and options. Funds also extended their net short wheat position while paring back their optimistic bets on corn prices. CBOT September corn futures fall 0.9% to $3.48 3/4 a bushel. September soybeans drop 0.7% to $9.31 while September wheat slides 0.2% to $4.15.

Aug 21 - China's COFCO forms U.S. grain supply partnership with Growmark 

China's state-owned COFCO International Ltd (CIL) and U.S. farm cooperative Growmark Inc will partner in a deal that gives China more direct access to the food it imports, the companies said on Friday. The grain supply partnership is the latest expansion move by CIL since it invested $3 billion to buy Noble Group's agribusiness and a large stake in Dutch grain trader Nidera in deals that bolstered its position in the international grain market. Click here to read full stories.

Aug 21 - Record U.S. soy harvest forecast could grow as weather improves

The U.S. Agriculture Department's forecast for a record soybean crop may get even bigger as rains and moderate temperatures across key growing areas shepherd the crop through early stages of its key development period. The recent stretch of good weather in major production states such as Iowa and Illinois has led to improved ratings for the soybean crop, reinforcing the bearish tone the government's outlook put on the market earlier this month. Click here to read full stories.

Aug 21 - Funds flirting with becoming grain, oilseed bears again: Braun 

Money managers are on the verge of turning back into grain and oilseed bears, and the latest culprit is the optimistic U.S. harvest forecast from the U.S. Department of Agriculture. In the week ended Aug. 15, the drop in spec optimism – or increase in pessimism – for Chicago grain and oilseed futures and options was the largest since late March, according to data from the U.S. Commodity Futures Trading Commission.  Click here to read full stories.

Aug 21 - Ranchers in parched U.S. Northern Plains welcome hay lottery 

Hundreds of livestock ranchers in the drought-stricken U.S. Northern Plains are embracing what organizers say is the first lottery designed to provide some much-needed relief to their operations. The prize? Tons and tons of hay. Ranchers in North Dakota, South Dakota and Montana have been suffering through the region's worst drought in 30 years, which has withered grazing fields, causing a severe spike in the cost of hay to feed their animals. Click here to read full stories.

Aug 21 - Russia says may resolve tomato row with Turkey by Oct. 20 -agencies 

Moscow and Ankara may resolve the issue of Turkish tomato exports to Russia by Oct. 20, Russian news agencies cited Russian Energy Minister Alexander Novak as saying on Friday. Moscow will prepare by Sept. 13 its proposals regarding the resumption of Turkish deliveries of tomatoes to Russia, Novak added. Click here to read full stories.

Aug 21 - Heat withers Canadian wheat; canola looks resilient -trade

Hot, dry summer weather across the southern Canadian Prairies is likely to sharply shrink the wheat harvest, but canola output looks more promising, according to a Reuters survey of 17 traders and analysts. All-wheat output is likely to dive 17 percent to 26.2 million tonnes, according to the average estimate, the smallest crop in six years. Click here to read full stories.

Aug 21 - Ukraine starts maize harvesting, ends wheat and barley

Ukraine has started its 2017 maize harvest, threshing the first tonnes of the grain with an average yield of 4.0 tonne, the agriculture ministry said on Friday. The ministry has said farmers planned to harvest around 4.5 million hectares of maize this year. Last year, Ukraine harvested 28 million tonnes of maize. Click here to read full stories.

Aug 21 - Russia continues with privatisations, ends bids for advising on United Grain

Russia's economy ministry is continuing with the sale of state assets despite new U.S. sanctions and this week closed the bidding from banks for advising on the privatisation of United Grain Company (UGC). Under the Russian privatisation plan, aimed at plugging holes in the state budget and approved before new U.S. sanctions were signed by President Donald Trump earlier in August, UGC should be privatised in 2017-2019.  Click here to read full stories.

Aug 21 - Asia Palm Oil Ticks Up Ahead of Export Estimates (Dow Jones)
Asian palm-oil prices are a tad higher ahead of later Monday's Malaysia export estimates. Data earlier in August showed shipments were tracking below July's levels. Meanwhile, supporting palm oil has been ongoing gains in the oilseed complex; canola and soybeans ended last week higher. The Bursa Malaysia benchmark palm-oil contract is up 0.3% at MYR2,688/ton.

Aug 21 - NZX Whole Milk Powder Futures Weaker as Prices Diverge Globally (Dow Jones)
NZX whole milk powder futures prices weakened slightly at the end of last week as the futures market struggles to reconcile divergent prices in different parts of the world, says Tobin Gorey, an analyst at Commonwealth Bank of Australia. He adds that the milk fat premium continues to grow elsewhere, while prices here are not seeing the same benefits. The NZX whole milk powder 3-month contract is currently trading unchanged at US$3,255 a metric ton.

Aug 18 - Asian CPO Ends Up, Recovering All Losses From Start of Week (Dow Jones)
Asian crude palm oil futures gain for a second straight session on Friday, helping reverse all the market declines from earlier in the week. The gains track increases in other edible oils, as well as a rise in crude oil futures, with Nymex last up 0.3%. Traders will be watching for signs of further decreases in Malaysian palm oil exports, with data for the Aug. 1-20 period from cargo surveyors SGS and Intertek due out on Sunday. The Bursa Malaysia palm oil contract for October delivery was up 24 ringgit at MYR2,682 per ton at the close of trade.

Aug 18 - China launches probe into Brazilian broiler chicken imports

China on Friday launched an anti-dumping investigation into imports of Brazilian broiler chicken and products after a complaint from the domestic industry that the South American country has been selling its chicken below market value. Brazil accounted for more than 50 pct of broiler product supplies to China, the world's No. 2 poultry consumer, between 2013 and 2016, a Commerce Ministry statement said on Friday, according to a preliminary review. Click here to read full stories.

Aug 18 - India's refined palm oil imports to fall as duty change makes crude palm cheaper 

India's refined palm oil imports are likely to plunge in the next marketing year, industry officials said, as changes in trade tariffs make imports of crude palm oil cheaper, a boon for refiners previously hit by cheaper imports of rivals' goods. Indonesian and Malaysian refiners, which ramped up capacity to cater to India's demand, are likely to come under pressure due to the decision by India, the world's biggest palm oil importer, to widen the import duty gap between refined, bleached and deodorized (RBD) palm olein and crude palm oil (CPO). Click here to read full stories.

Aug 18 - U.S. soybean export sales build as China buying accelerates 

U.S. soybean export sales have been languishing for much of the summer following a record-shattering Brazilian crop, but demand for U.S. shipments is gathering pace, led by renewed demand from top importer China, traders and analysts said. Export sales last week handily topped trade expectations, surging to the second-highest level so far this year, and sales to China exceeded the previous three weeks' combined, according to U.S. Department of Agriculture data on Thursday.  Click here to read full stories.

Aug 18 - Philippines reports second outbreak of bird flu 

The Philippines has found a second outbreak of bird flu in another province in the main Luzon island, Agriculture Secretary Emmanuel Pinol said on Friday, a week after reporting the country's first case of the poultry disease. The second outbreak was in the Jaen municipality in the province of Nueva Ecija, north of the capital Manila, where Pinol said two cases of avian flu were detected in quails. It was located about 50 kms (30 miles) from the initial outbreak. Click here to read full stories.

Aug 18 - Illinois crops need rain to hit yield forecasts: Braun 

Illinois corn and soybean yields may be in danger of falling short of forecasts, as significant contributions from the weather are still needed in the eastern half of the state. This year, the U.S. Department of Agriculture does not expect Illinois to set new yield records. Last week, the agency pegged the state’s corn and soybean yields at 188 and 58 bushels per acre, respectively. Click here to read full stories.

Aug 18 - Brazil's grain exports from northern ports rise to 24 pct

Brazilian grain farmers are relying on northern ports more than ever to ship a bumper grain crop to global export markets, according to the Agriculture Ministry on Thursday. Whereas Santos is still the main port in Brazil, the so-called Northern Arch ports accounted for almost 24 percent of the country's soybeans and corn exports in the first seven months of the year, the ministry said referring to Itacoatiara, Itaqui, Santarém, Barcarena and Salvador. This compares with less than 20 percent in the comparable months in each of the prior five years. Click here to read full stories.

Aug 18 - South Korea lifts ban on U.S. poultry, egg imports - USDA

South Korea lifted a ban on imports of U.S. poultry and eggs, the U.S. Department of Agriculture said on Thursday, allowing American farmers to resume sales to the Asian country that suffered an egg shortage caused by its worst-ever bird flu outbreak. South Korea was importing more U.S. eggs earlier this year as it fought its own outbreak of bird flu. But in March, the country limited U.S. poultry imports after the first U.S. case of bird flu of the yearwas detected on a commercial chicken farm in Tennessee. Click here to read full stories.

Aug 18 - Argentina agrees to allow first U.S. pork imports in 25 years

Argentina has agreed to allow imports of U.S. pork products for the first time since 1992, the White House said in a statement on Thursday. Argentina had blocked imports of U.S. pork, citing animal health concerns. The United States is the world's top pork exporter, and the agreement opens up a potential $10-million-per-year market for U.S. pork producers, the statement said. Click here to read full stories.

Aug 18 - Louis Dreyfus sells U.S. juice facility to Prodalim

Louis Dreyfus Company has agreed to sell a juice storage and blending facility in the United States to juice specialist Prodalim Group, as the agricultural commodity trader continues to revamp its juice business. Israel-based Prodalim will acquire the site in Winter Garden, Florida, which includes tank farms with capacity of more than 60,000 tonnes and cold storage capacity of over 15,000 tonnes in drums, the privately held companies said in a statement Click here to read full stories.

Aug 18 - Asian CPO Reverses Early Gains (Dow Jones)
Asian crude palm oil futures reverse early gains and are down as the week comes to a close, with the market focus returning to concerns over higher inventories and weaker demand amid global uncertainties. The market got some support yesterday from Malaysia's decision to keep palm oil export taxes at a lower rate for September, but broad worries over CPO's outlook is again dominating trading sentiment. The Bursa Malaysia palm oil contract for October delivery is last trading down 11 ringgit at MYR2,648 per ton.

Aug 18 - South Korea Reopens to US Chicken, USDA Says
The US Agriculture Department trumpets South Korea's move to reopen to imports of US chicken meat and eggs, which have been shut out of the market off and on for the past three years. After a massive avian influenza outbreak that hit US chicken and turkey flocks in 2015, South Korea reopened to US poultry products in July 2016, only to again ban them in March after another case was confirmed in the US. But South Korea's been dealing this year with its own bird-flu outbreak, forcing flocks to be destroyed there, and the USDA says the country will temporarily drop duties for US eggs due to "a shortage of domestic supplies" in South Korea. In 2014, the last full year with no bird-flu related trade restrictions, the USDA says South Korea bought $122M in US poultry products.

Aug 17 - Asian CPO Closes Up, Ending 3 Straight Sessions of Declines (Dow Jones)
Asian crude palm oil prices recovered Thursday from 3 sessions of declines, with prices likely seeing some support from Malaysia's decision to maintain a lower crude palm oil export tax of 5.5% for September, after it lowered the tax this month from 6.5%. The Bursa Malaysia palm oil contract for October delivery was up 21 ringgit at MYR2,658 per ton at the close of trade.

Aug 17 - Brazil farmers run out of space as bumper crops pile up

At a warehouse in the heart of Brazil's agriculture sector, farmer Rafael Bilibio watches truck after truck line up to unload corn onto the ground outside the huge storage bins. His own corn, ready for unloading from a 50-tonne truck that has just pulled in, is destined to join the pile that has reached 65-feet high, as the bins remain stuffed with soybeans collected earlier this year in Mato Grasso state. Click here to read full stories.

Aug 17 - Egypt's GASC says buys 355,000 tonnes of Russian, Ukraine wheat

Egypt's state grain buyer GASC said on Wednesday it has bought 355,000 tonnes of wheat in an international tender. Of the total, GASC bought 295,000 tonnes of Russian wheat and 60,000 tonnes of Ukraine wheat, GASC said. Click here to read full stories.

Aug 17 - China buyers sign deals for 3.8 mln tonnes U.S. soy - trade group 

A delegation of importers from China signed agreements to buy 3.8 million tonnes of U.S. soybeans valued at about $1.56 billion at a ceremony in Omaha, Nebraska, on Tuesday, the U.S. Soybean Export Council said on Wednesday. Five U.S. export companies and 10 Chinese importers signed a total of 11 purchase agreements, the group said. Click here to read full stories.

Aug 17 - India's 2016/17 wheat output seen at record 98.38 mln T - minister

Indian farmers harvested a record 98.38 million tonnes of wheat in the crop year to June, up from 97.44 million tonnes estimated in May, data released by farm ministry showed on Wednesday. India, the world's second-biggest grower of staples such as rice and wheat, produced a record 275.68 million tonnes of grains in the 2016/17 crop year against a forecast of 273.38 million tonnes. Click here to read full stories.

Aug 17 - Bangladesh to cut duty on rice imports to cool local prices

Bangladesh will slash the duty on rice imports to cool high local prices of the staple grain, the country's food minister said on Wednesday, the second cut in less than two months. The import duty on rice will be lowered to 2 percent from 10 percent, Food Minister Kamrul Islam told reporters, down from 28 percent in June. Click here to read full stories.

Aug 17 - China says no risk of contamination from EU egg scare 

China's Agriculture ministry said on Thursday no eggs from Europe have been imported into the country, leaving no risk of contamination from a scare sweeping Europe about the use of a potentially harmful insecticide. In a monthly ministry briefing, Jin Fazhong, deputy director at the agricultural quality and safety inspection bureau said: "There is no risk of eating poisoned eggs in China." Click here to read full stories.

Aug 17 - Argentina 2017-18 corn area seen at record 5.4 mln hectares - exchange 

Argentina's corn planted area for the 2017-18 crop cycle is seen at a record-high 5.4 million hectares (13.3 million acres), up from 5.1 million last season, the Buenos Aires grains exchange said on Wednesday. The increase was due to positive soil moisture levels, the exchange said. Click here to read full stories.

Aug 17 - Philippine troops to help cull thousands of fowl in bird flu battle

The Philippines will deploy hundreds of troops to hasten a cull of about 600,000 fowl, the farm minister said on Wednesday, as part of efforts to rein in the Southeast Asian nation's first outbreak of bird flu. There has been no case of human transmission after the flu was detected on a farm in the province of Pampanga, about 75 km (47 miles) north of the capital Manila, but it has spread to about 36 other farms and nearly 40,000 birds have died.  Click here to read full stories.

Aug 17 - Ticket to rot for fruit stranded without flights in Afghanistan

Afghanistan's plans to fly shipments from southern fruit growers to India have gone awry, leaving tons of grapes and melons to rot as officials scramble to add flights, while trading blame for the delays. The problem illustrates the hurdles Afghanistan faces in rebuilding its strife-torn economy, a crucial step if it is to wean itself off billions of dollars in foreign aid annually. Click here to read full stories.

Aug 17 - Tunisia buys 100,000 tonnes of wheat, passes on barley - traders

Tunisia's state grains agency bought 100,000 tonnes of milling wheat on Wednesday, more than the 92,000 tonnes it had sought in an international tender, European traders said. The agency bought four consignments of 25,000 tonnes, paying $190.99, $193.00, $193.25 and $193.74 per tonne on a cost and freight (C&F) basis, the traders said. Click here to read full stories.

Aug 17 - Asian CPO Recovers Slightly After 3 Days of Declines (Dow Jones)
Asian crude palm oil prices recover slightly early Thursday, following 3 sessions of weakness amid renewed concerns over higher inventories and weaker demand for the edible oil. A marked decline in Malaysia palm oil exports data for the first half of August had earlier hurt trading sentiment. Still, prices are likely getting some support as Malaysia yesterday maintained a lower crude palm oil export tax of 5.5% for September, after it lowered the tax this month from 6.5% in July. The Bursa Malaysia palm oil contract for October delivery is last trading up 4 ringgit at MYR2,641 per ton.

Aug 16 - Grain, Soybean Futures Turn Lower (Dow Jones)
Grain and soybean futures turn lower at the opening, easing off modest gains. Analysts said prices broke through technical support levels on Tuesday, and failed to regain upward momentum overnight. Mostly wet weather is adding to the pressure on prices. CBOT September corn futures fall 0.6% to $3.53 a bushel. September soybeans drop 0.4% to $9.18 1/2 while September wheat slide 0.8% to $4.26. Spring wheat hold onto overnight gains.

Aug 16 - Asian CPO End Down For 3rd Straight Session (Dow Jones)
Asian crude palm oil prices ended down for a third straight session Wednesday, as a steeper decline in palm oil exports data out of Malaysia for the first half of the month spooked investors, who are already concerned with higher inventories and reduced demand for the edible oil. Nonetheless, the price declines narrowed late in the session amid some bargain buying. Still, CPO prices are down around 2% since the end of last week. The Bursa Malaysia palm oil contract for October delivery was down 13 ringgit at MYR2,633 per ton at the close of trade.

Aug 16 - JBS seeks U.S. unit IPO as Brazil presses for CEO's ouster 

JBS SA will proceed with plans to list a U.S.-based unit when market conditions allow, as the world's No. 1 meatpacker wrestles with a shareholder revolt over the role of the controlling Batista family in a massive graft scandal. In a Tuesday conference call to discuss second-quarter results, Chief Executive Officer Wesley Batista said JBS Foods International Inc could be listed by the end of next year, once parent JBS finalizes 6 billion reais ($1.9 billion) in asset sales to cut debt and restore investor confidence. Click here to read full stories.

Aug 16 - Argentina corn area to reach second consecutive record 

Argentina's corn area will expand to a record of more than 5 million hectares in the 2017/18 season, which starts planting in September, thanks to favorable climate conditions and attractive margins, analysts said on Tuesday. They said area planted would likely grow between 5 percent and 10 percent from a year ago. Corn planting has been on the rise since last year, after President Mauricio Macri's governments eliminated export taxes and restrictions. Click here to read full stories.

Aug 16 - Value of Brazil agricultural output rises on productivity gains 

The gross value of Brazil's agricultural production rose in July from the year-ago month due to a boost in farming sector productivity and a large grain crop, the Agriculture Ministry said in a statement on Tuesday. The gross value stood at 535.4 billion reais ($168.73 billion) in the period, a 4.5 percent increase. Click here to read full stories.

Aug 16 - NOPA monthly crush rises to 144.718 mln bushels in July 

U.S. soybean processors ramped up their pace of crushing during July, the National Oilseed Processors Association said on Tuesday. NOPA said that its members crushed 144.718 million bushels during July, the second biggest July total on record and up from 138.074 million bushels in June. A year ago, the July crush was 143.715 million bushels. Click here to read full stories.

Aug 16 - British wheat imports climb in June, outpace exports 

Britain's wheat imports rose in June to the highest monthly level in the 2016/17 season, far outpacing exports, customs data showed on Tuesday. Imports in June climbed to 251,540 tonnes, bringing the total for the 2016/17 season (July/June) to 1.92 million tonnes, up from 1.50 million in 2015/16. Click here to read full stories.

Aug 16 - Export price of Norwegian salmon fell to NOK 59.53 last week -statistics agency

The export price of fresh farmed Norwegian salmonfell to 59.53 Norwegian crowns ($7.49) per kilo last week, down from 60.55 crowns in the previous week, Statistics Norway said on Wednesday. Volumes exported increased to 17,373 tonnes from 16,311 tonnes over the same period, it added. Click here to read full stories.

Aug 16 - Asian CPO Down for 3rd Straight Session on Weaker Exports (Dow Jones)
Asian crude palm oil prices are down for a third straight session Wednesday, amid disappointing Malaysia palm oil exports data. Cargo surveyor Intertek Agri Services yesterday estimated a 14.6% on-month fall in exports in the August 1-15 period, while SGS Malaysia saw a 12.8% contraction. The numbers reflect a steeper decline in exports, and are fuelling investor concerns over higher inventories and reduced demand in the edible oil going into the final months of the year. The Bursa Malaysia palm oil contract for October delivery is last trading down 32 ringgit at MYR2,601 per ton.

Aug 15 - 'Group think' on U.S. corn, soy yields let market watchers down: Braun 

Farmers, traders, and analysts alike were left shocked after the U.S. Department of Agriculture published its optimistic corn and soybean yields last week, though the market’s narrow expectations going into Thursday’s report may carry some of the blame. Analysts were looking for USDA to lower the U.S. corn yield to 166.2 bushels per acre (bpa) from the long-term trend of 170.7 bpa. They also predicted a decline in soybean yield to 47.5 bpa from the trend of 48 bpa. Click here to read full stories.

Aug 15 - Brazil poised to break soybean export record on bumper crop 

Brazilian soybean exports so far this year have exceeded volumes for the full year of 2016 as the country harvests a bumper crop, according to preliminary data from the Development Ministry. Up until the second week of August, Brazil, the world's largest exporter of the oilseeds, had sold 53.37 million tonnes, almost 3.5 percent above exports for the whole of last year, according to government data. Click here to read full stories.

Aug 15 - Speculator enthusiasm waning for grains, oilseeds: Braun

Despite some analyst predictions, speculators were not confident in a bullish scenario for corn and soybeans ahead of last week’s reports from the U.S. Department of Agriculture, but they were uncertain enough to refrain from heavy selling. Last Thursday, USDA updated its monthly supply, demand, and production outlooks, which included agency’s first objective assessment of U.S. corn and soybean yields. Click here to read full stories.

Aug 15 - Brazil's JBS misses estimates as financial expenses soar 

JBS SA, the world's largest meatpacker, on Monday reported second-quarter income that missed estimates as a spike in net financial expenses and its struggling South American operations weighed on results. JBS reported quarterly net income of 309.8 million reais ($97.16 million), below a consensus estimate of 603 million reais and an 80 percent drop from the same quarter a year ago. Click here to read full stories.

Aug 15 - Tougher than steel: Japan looks to wood pulp to make lighter auto parts 

The global push among carmakers to make ever lighter vehicles is leading some auto suppliers in Japan to turn to what seems like an unlikely substitute for steel - wood. Japanese researchers and auto component makers say a material made from wood pulp weighs just one fifth of steel and can be five times stronger. Click here to read full stories.

Aug 15 - Austria finds some egg products contaminated with insecticide

Tests show that some imported egg products in Austria have been contaminated with a potentially harmful insecticide, Austria's food safety agency said on Monday, adding to the list of countries affected by an international health scare. Millions of chicken eggs have been pulled from European supermarket shelves as a result of the scare over the use of the insecticide fipronil, and hundreds of thousands of hens may be culled in the Netherlands.  Click here to read full stories.

Aug 15 - China sets details for newly approved cotton yarn contract

China's securities watchdog has approved the new cotton yarn contract to be traded at the Zhengzhou Commodities Exchange, according to an exchange statement issued on Monday. Contract starts trading on Aug. 18, with daytime bidding starting around 0855-0900 am. Night trading starts on the same day at 0900-1130 pm. Click here to read full stories.

Aug 15 - Philippines Q2 agriculture output up 6.2 pct y/y

The Philippines' agricultural output rose 6.18 percent in the second quarter compared with a year ago, outpacing growth in the first quarter, as good weather helped boost crop harvests, including rice and corn, the statistics agency said on Tuesday. Crop output, accounting for half of total production, grew 11.72 percent, with paddy rice also up 11.72 percent to 4.15 million tonnes. Poultry output was up 8.36 percent, helping to offset declines in livestock and fisheries, where output fell 1.38 percent and 2.93 percent respectively. Click here to read full stories.

Aug 15 - Asian CPO Down in Early Trade on Demand Concerns (Dow Jones)
Asian crude palm oil price futures are down further early Tuesday, amid concerns of higher palm oil stocks and decreased demand later on in the year. OCBC Treasury Research says it remains bearish on CPO prices, forecasting the year-end CPO price at around 2,250 ringgit per ton. The Bursa Malaysia palm oil contract for October delivery is last trading down MYR5 at MYR2,660 per ton.

Aug 14 - Dairy Auction Seen Underscoring Positive NZD Story (Dow Jones)
The Kiwi is in a holding pattern nearer the bottom of its 5-day range, but conversely near the top of the trend down-channel. Should it indeed be in a downtrend? ANZ isn't convinced given the USD's woes, but a spirited break through resistance at 0.7250 would be a bearish sign, the firm says. "New Zealand's story is pretty good, and we expect tomorrow's GDT auction to underscore that, with prices up around 3%."

Aug 14 - Asian CPO Ends Down on New India Edible Oil Import Taxes (Dow Jones)
Asian crude palm oil price futures end Monday's session lower, in part due to concerns of decreased regional demand after India, as one of the world's biggest buyers of vegetable oils, late Friday raised import taxes on crude and refined edible oils to protect local farmers. Sentiment was also hit after data showed a marked increase in Malaysian palm oil production and inventories for the month of July. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was down 19 ringgit at MYR2,663 per ton at the close of trade.

Aug 14 - Grains Open Lower After Generous USDA Forecasts (Dow Jones)
Wheat is down 1.42% at $4.33 a bushel, corn is down 1.27% a bushel, and soybeans are down 0.93% at $9.36 a bushel. Investors continue to react to the United States Department of Agriculture's World Agricultural Supply and Demand Estimates (WASDE) last Thursday. In the report, the USDA raised its forecast for global wheat surplus from 2.5 million tons to over 6 million tons. That was largely driven driven by a 5.5 million ton increase to its Russian and broader Eastern European production expectations. The USDA also increased its soybean forecast and made a smaller-than-expected cut to its corn forecast, according to various traders. "All of this news has a similar effect," Commerzbank says in a note, with all three commodities "beginning the week as they ended last week: down."

Aug 14 - China commodities trader COFCO shakes up European operations - sources 

Chinese food commodities trader COFCO International is restructuring operations in Europe which will involve relocation and job cuts, as the state owned firm continues to integrate businesses it bought three years ago, sources say. COFCO group, which owns trading arm COFCO International, agreed in 2014 to acquire Rotterdam-headquartered grain trader Nidera and the agribusiness of Singapore-listed Noble Group for more than $3 billion, but has struggled to integrate them. Click here to read full stories.

Aug 14 - China's soybean crushers get reprieve as port chaos starts to clear

Chaos that swept China's soybean market in recent weeks as lossmaking crushers flipped cargoes and closed plants appears to have eased by Friday, allaying fears of widespread contract defaults like those that shook the world's top consumer in 2014. Three ships carrying soybeans that had been sitting anchored off the major port of Rizhao for weeks left the region, crush margins were positive for only the second time since February, and traders said they had not heard of other resales. Click here to read full stories.

Aug 14 - French wheat exporters may benefit as rain hits German crop

France could win more wheat export business in coming months after a good crop and as late rain damages the quality of the German harvest. "It looks like the quality of EU crops will vary greatly this summer with excellent results in France but poorer quality than hoped in Germany and Britain," one German trader said. Click here to read full stories.

Aug 14 - Brazil launches first corn-only ethanol plant, hopes for more 

With a record corn crop in the silos and Brazil's president on hand, FS Bioenergia on Friday inaugurated the country's first ethanol plant processing only corn in the heartland of the South American grains powerhouse. President Michel Temer was joined at the inauguration by Agriculture Minister Blairo Maggi, who pledged the government's support for corn-based ethanol - an innovation in a country that has long made ethanol more efficiently from sugarcane. Click here to read full stories.

Aug 14 - Russian analysts lift 2017 wheat crop forecasts sharply 

Leading Russian agriculture consultancies SovEcon and IKAR raised their estimates of Russia's 2017 wheat crop sharply to record highs on Friday on strengthening yields of the incoming crop. Russia, which competes with the United States and the European Union for the title of the world's top wheat exporter, had been expected to see another bumper crop after a record harvest in 2016 due to favourable weather. Click here to read full stories.

Aug 14 - Bangladesh may struggle to buy much-needed wheat - traders

Bangladesh has a major wheat import requirement after floods damaged this year's crops, but global importers are reluctant to sell to the country due to tough state purchasing conditions and slow unloading in ports, traders say. The country started increasing imports after floods in April damaged crops, with volumes seen swelling to 6.5 million tonnes in the year to June 2018.  Click here to read full stories.

Aug 14 - Philippines warns against killing of migratory birds amid avian flu outbreak

Philippines on Sunday warned citizens not to kill or poach migratory birds that usually fly in from China, the possible source of a virus that triggered the Southeast Asian nation's first outbreak of avian flu, to avoid worsening the situation. There has been no case of human transmission but the virus prompted a cull of 200,000 fowl last week after it was detected on a farm in the province of Pampanga, north of the capital Manila, and spread to five neighbouring farms. Click here to read full stories.

Aug 14 - Asian CPO Pares Declines in Morning Trade; Production Decrease Eyed (Dow Jones)
Asian crude palm oil price futures pare early declines on Monday, as investors continue to eye a decrease in production this month following marked increases in July. Last week, data released by the Malaysian Palm Oil Board yesterday showed a 21% rise in production and 17% rise in inventories for the month of July, and contributed to a volatile session on Friday. The Bursa Malaysia palm oil contract for October delivery was last at 2,679 ringgit per ton, down 0.1%, narrowing from declines this morning of 0.4%.

Aug 14 - Indian Veggie Costs Jump, Backing RBI's Cautious Stance (Dow Jones)
A sharp bounce in vegetable prices drove India's wholesale inflation higher last month, backing the central bank's view that recent levels wouldn't be sustainable. Wholesale inflation was 1.9% in July versus a year earlier, compared with June's 0.9%. That as food prices surged 22% on-year and 49% from June. If the move persists, the Reserve Bank of India may be proven right that price pressures will intensify the rest of this year, justifying its decision to go slow on rate cuts.

Aug 14 - India Makes Another Move on Palm-Oil Import Duties (Dow Jones)
India's latest import duty hike of 7.5-10% on palm-oil products isn't a good demand development as the country is the largest palm-oil consumer with 15% of the global market, says Maybank. It adds Indian demand may slow in coming weeks as importers are said to have bought ahead of the tax move. Maybank sees palm-oil prices averaging MYR2,400/ton this year, 10% below last year's.

Aug 11 - Asian CPO Ends Higher As Output Concerns Ease (Dow Jones)
Asian crude palm oil futures end higher in volatile trading Friday amid hopes of production easing this month. Prices are expected to trade in a range between MYR2,600/ton and MYR2,720/ton, says David Ng of Philip Futures in Kuala Lumpur. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was up MYR21 at MYR2,684/ton ($625) at the close of trade.

Aug 11 - WASDE Bearishness Surpasses Rabobank Expectations (Rabobank Dow Jones)
The U.S. Department of Agriculture's August World Agricultural Supply and Demand Estimates Report is bearish for grains and oilseeds, with "higher-than-anticipated U.S. production and therefore ending stocks likely to weigh heavily on prices," according to Rabobank in a morning note. While the USDA upped its forecast for soybean production, it cut its corn forecast, but not enough, Rabobank says. "We view a 2017/18 U.S. corn yield forecat of 169.5bpa as too high," the bank says. On top of that, a huge Russian crop means global wheat ending stocks will "surpass all expectations" as well. Wheat is up 0.51% at $4.41 a bushel, corn is up 0.27% at $3.72 a bushel, and soybeans are down 0.11% at $9.39 a bushel. EU wheat is flat at $167.50 a ton.

Aug 11 - USDA sees bumper U.S. corn, soy harvests despite weather woes

The U.S. 2017 corn and soybean harvests will be bigger than expected despite a slow start to planting and concerns that hot and dry conditions stressed the corn crop during critical periods of development, the government said on Thursday. The U.S. Department of Agriculture's forecasts for both corn and soybean yield and production topped the high end of market forecasts, with the soybean outlook estimated at record highs. Click here to read full stories.

Aug 11 - Egypt cotton exports up nearly 20 pct as historic crop restored

Exports of Egypt's prized cotton will hit 38,000 tonnes in the 2016-17 season ending this month, up 19 percent on last year's total, the head of a cotton exporting council told Reuters, as Egypt looks to win back market share lost after a 2011 uprising. Production of Egyptian long-staple cotton, famously used for luxury linens, has fallen sharply since political upheaval six years ago led to less enforcement of regulations, degrading the crop's quality.  Click here to read full stories.

Aug 11 - Hong Kong scoops up 158 tonnes of palm oil; may reopen some beaches

Hong Kong may reopen some of its 13 beaches closed since last Sunday following a palm oil spill, after authorities collected more than 150 tonnes of acrid-smelling clumps in one of the Chinese territory's worst environmental disasters. The spill last week after two vessels collided in the Pearl River estuary left white globs of jelly-like palm oil in the water and strewn across beaches, along with dead fish, rocks, shells and rubbish smothered in the oil. Click here to read full stories.

Aug 11 - China soybean crushers suspend operations amid high soymeal stocks -news portal

Soybean crushers in China's Shandong province have suspended some operations due to port delays that are holding up import cargoes of the oilseed, and amid pressure from high soymeal stocks, industry portal Cofeed reported on Thursday. The cuts, though short term and with some plants already restarted, boosted soymeal prices and crushing margins, easing pressure on the market from a growing glut of meal. Click here to read full stories.

Aug 11 - Philippines reports first avian flu outbreak, to cull 400,000 birds

The Philippines plans to cull 400,000 chickens, quails and ducks after confirming the country's first outbreak of bird flu, Agriculture Secretary Emmanuel Pinol on Friday. The avian flu outbreak was detected in a farm in a town in Pampanga province, north of the capital Manila, which later spread to neighbouring farms. There has been no case of human transmission so far, Pinol told reporters. Click here to read full stories.

Aug 11 - Dutch police make arrests in contaminated eggs case

Dutch police arrested two suspects on Thursday as part of an investigation into the illegal use of a potentially harmful insecticide in the poultry industry, the Dutch prosecution service said. Millions of chicken eggs have been pulled from European supermarket shelves as a result of the scare over the use of the insecticide fipronil, and hundreds of thousands of hens may be culled in the Netherlands.  Click here to read full stories.

Aug 11 - Brazil raises 2016/17 soybean output forecast to 114 mln T

Conab, Brazil's agricultural statistics and food supply agency, on Thursday raised its estimate for the country's 2016/17 soybean crop to 114 million tonnes from 113.92 million tonnes in July, citing an increase in planted area. The agency also reviewed its total corn estimate for the current season to 97.2 million tonnes from 96 million tonnes last month, also mentioning an increase in planted area. Click here to read full stories.

Aug 11 - Brazil's BRF reports Q2 net loss of 167 mln reais on food scandal fallout

Brazil's food processor BRF SA on Thursday reported a wider-than-expected net loss of 167 million reais ($52.60 million) in the second quarter, as it continued to reel from the effects of a food safety scandal, it said in a securities filing. The result marks a reversal of a 31 million reais profit from a year ago and is the third consecutive quarterly loss posted by the company. Click here to read full stories.

Aug 11 - EU Commissioner calls for eggs summit after contamination scare

The European Commissioner charged with food safety has called for a meeting of ministers and national watchdogs to discuss the fallout of an eggs contamination scare that has led to finger pointing between several European Union members. Tensions have risen between agricultural ministers in Belgium, the Netherlands and Germany after traces of moderately toxic insecticide fipronil were found in batches of eggs, linked by authorities to a Dutch supplier of cleaning products. Click here to read full stories.

Aug 11 - Asian CPO Opens Weaker on Investor Pessimism (Dow Jones)
Asian crude palm oil price futures open lower Friday amid weak investor sentiment on worries of over production and rising palm oil stocks. Data released by the Malaysian Palm Oil Board yesterday showed a 21% rise in production and 17% rise in inventories for the month of July. Traders say an expected fall in production this month could help buoy sentiment. The Bursa Malaysia palm oil contract for October delivery opened at MYR2,636 per ton, and is currently trading down MYR31 at MYR2,632/ton.

Aug 10 - China soybean crushers suspend operations amid high soymeal stocks - news portal 

Soybean crushers in China's Shandong province have suspended some operations due to port delays that are holding up import cargoes of the oilseed, and amid pressure from high soymeal stocks, industry portal Cofeed reported on Thursday. The cuts, though short term and with some plants already restarted, boosted soymeal prices and crushing margins, easing pressure on the market from a growing glut of meal. Click here to read full stories.

Aug 10 - China buyers resell soybeans as crushers lose cash, glut grows - traders 

Two major Chinese soybean buyers have resold more than 500,000 tonnes of product in recent weeks, sources familiar with the deals said, amid growing concerns about losses among crushers and congestion at a major port in the world's top oilseed buyer. The resales appear to be isolated, but they stir worries about possible contract defaults as crushers incur big losses due to a supply glut and a logjam in the port of Rizhao, China's major crushing hub in eastern Shandong province. Click here to read full stories.

Aug 10 - China July soybean imports hit highest on record as ports clear logjams 

China's July soybean imports surged 30 percent to their highest level on records back to 2010, according to Reuters calculations based on customs data, as ports in the world's top oilseed consumer rushed to clear a months-long backlog of cargoes. July imports hit 10.08 million tonnes, topping the earlier highest level set in May at 9.59 million tonnes, and were up 31 percent from 7.69 million tonnes in June. Click here to read full stories.

Aug 10 - India rice shipments slow as stronger rupee lifts export prices 

India's non-basmati rice exports are likely to slow over the next few months as its shipments of the grain have become too expensive on the world market due to a rally in the rupee and an increase in local paddy prices. Lower shipments from the world's biggest rice exporter will give rivals Vietnam, Thailand and Cambodia a chance to raise their share of the global market. Click here to read full stories.

Aug 10 - Tech-savvy farmers a new hope for Japan's shrinking agriculture sector

A new breed of younger, business- and tech-savvy farmers are transforming Japan's shrinking agriculture sector with cutting edge techniques and marketing strategies, giving new hope to an industry in slow decline. Hiroki Iwasa, a 40-year-old IT entrepreneur with an MBA, grows strawberries in seven high-tech greenhouses where computers set the temperature and humidity to optimum growing conditions and ensure the rows of bushes are sprayed with water at precise times. Click here to read full stories.

Aug 10 - USDA may lowball U.S. soybean yield on Thursday: Braun

By the time the U.S. Department of Agriculture (USDA) publishes its U.S. soybean yield estimate on Thursday, the figure might already be stale based on the recent improvement in conditions. USDA will publish its first objective yield estimates for 2017-18 U.S. corn and soybeans in its crop production report on Thursday at noon EDT (1600 GMT).  Click here to read full stories.

Aug 10 - Forbidden fruit: Indonesia palm oil plantations boost security to stop thieves

Indonesian security companies have seen a surge in demand for guards to protect palm oil plantations from fruit thieves and land grabbers, amid a rebound in prices of the commodity used to churn out everything from cooking oil to soap. Palm prices have jumped over 15 percent in the last few months, boosting the temptation for individuals or small-scale criminal gangs to steal fruit to sell to middlemen in the world's biggest producer of the tropical oil. Click here to read full stories.

Aug 10 - Argentine farmers increase corn investment despite election worry

Argentine farmers will increase investments in the next corn planting seasondespite fears about a political comeback for former President Cristina Fernandez, who implemented export taxes and restrictions despised by the sector, leaders of industry groups told Reuters. Several polls show Fernandez in the lead for a Senate seat in politically crucial Buenos Aires province in October's legislative election, which could determine the future of President Mauricio Macri's free-market agenda. A primary vote will take place on Sunday. Click here to read full stories.

Aug 10 - Agrium quarterly profit, revenue narrowly beat estimates

Canadian fertilizer maker Agrium Inc on Wednesday reported quarterly profit and revenue that edged past analysts' estimates, helped by higher selling prices for potash. Agrium sold 714,000 tons of wholesale potash in the second quarter ended June 30 at an average price of $210 per ton, compared with 697,000 tons at $194 per ton a year earlier. Click here to read full stories.

Aug 10 - Belgian minister blames Dutch for delays in egg safety scare

Belgian officials waited a month for information from Dutch counterparts after finding traces of an insecticide in eggs, Belgium's farm minister said on Wednesday, adding that the Netherlands had known about contamination since last November. Contamination with the insecticide fipronil has led retailers in several European countries to pull millions of eggs from supermarket shelves, as the scare over its potentially harmful consequences to humans spread. Click here to read full stories.

Aug 10 - Santander Brasil bets on agricultural loans in race for market share

Banco Santander Brasil will take advantage of declining interest rates and government subsidy-reduction efforts to boost loans to agribusiness, which is enjoying fast growth bolstered by record harvests, Chief Executive Officer Sérgio Rial told the Reuters Latin America Investment Summit. Agribusiness - encompassing agriculture, cattle ranching and food processing - accounts for about 20 percent of Brazil's gross domestic product and employs almost 16 percent of its workforce. Click here to read full stories.

Aug 09 - Grains Markets Steady Pre-WASDE; Low Buying Volumes (Dow Jones)
Traders are treading water before the Thursday release of the US Department of Agriculture's World Agricultural Supply and Demand Estimates Report. Corn is up 0.1% at $3.84 a bushel, wheat is up 0.2% at $4.58 a bushel, and soybeans are 0.1% lower at $9.72 a bushel. A 1% drop in corn conditions in the USDA's most recent assessment appears to be balancing the EU's new EUR5.16 tariff on corn imports, and the Brazilian government's 20% ethanol import duty. Jordan has to buy 50,000 tons of wheat in a tender--no mean feat after succeeding in only two of its previous eight attempts. Other than that, the US market "continues to see very low volume of new crop soybean and corn sales," Societe Generale says in a note, highlighting the recent drop in commodity values.

Aug 09 - Asian CPO Ends Tad Up Amid Cautious Trading (Dow Jones)
Asian crude palm oil futures ended slightly higher amid thin trading volumes. "The market remained cautious ahead of key crop report due tomorrow," notes David Ng of Philip Futures in Kuala Lumpur. All eyes are set on the industry data to be released by cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd. for Malaysian exports during Aug. 1-10, while the Malaysian Palm Oil Board will share inventory, production and export figures for July. The October benchmark palm-oil contract on the Bursa Malaysia Derivatives Exchange finished MYR1 higher at MYR2,630/ton ($613).

Aug 09 - Scant oversight, corporate secrecy preceded U.S. weed killer crisis

As the U.S. growing season entered its peak this summer, farmers began posting startling pictures on social media: fields of beans, peach orchards and vegetable gardens withering away. The photographs served as early warnings of a crisis that has damaged millions of acres of farmland. New versions of the herbicide dicamba developed by Monsanto and BASF, according to farmers, have drifted across fields to crops unable to withstand it, a charge authorities are investigating. Click here to read full stories.

Aug 09 - EU reintroduces maize import tariff with 5.16 euros/tonne levy

The European Union has introduced an import tariff on maize for the first time in nearly three years in view of low prices linked to swelling global supplies of the cereal used in livestock feed, the EU's executive said. The EU will apply from Tuesday a levy of 5.16 euros ($6.10) per tonne on imported maize as well as rye and sorghum, the European Commission said. Click here to read full stories.

Aug 09 - Good quality French wheat crop showing high protein - FranceAgriMer

France's 2017 wheat crop was showing very good protein content while other quality specifications appeared adequate to meet market needs despite the impact of late rain, public farming agencyFranceAgriMer said on Tuesday. "In terms of quality, the protein content of soft wheat is very satisfactory, even in fields showing very high yields," FranceAgriMer said in a joint harvest report with crop institutes Arvalis and Terres Inovia. Click here to read full stories.

Aug 09 - India rice shipments slow as stronger rupee lifts export prices

India's non-basmati rice exports are likely to slow over the next few months as its shipments of the grain have become too expensive on the world market due to a rally in the rupee and an increase in local paddy prices. Lower shipments from the world's biggest rice exporter will give rivals Vietnam, Thailand and Cambodia a chance to raise their share of the global market. Click here to read full stories.

Aug 09 - Hong Kong cleans up 93 tonnes of palm oil, shuts 13 beaches after huge spill

Hong Kong has scooped up over 90 tonnes of palm oil and closed more than a dozen beaches after a ship spill washed foul-smelling, Styrofoam-like clumps ashore, the latest major environmental disaster to blight the territory's waters. Dead fish, shells, rocks, plastic bottles and other rubbish could still be found coated with globules of palm oil on beaches across the Chinese-controlled territory on Wednesday, six days after two vessels collided in the Pearl River estuary. Click here to read full stories.

Aug 09 - Egypt aims to reverse bans on agricultural exports

Egypt is looking to reverse a series of bans on its agricultural products that has hit one of its most promising export sectors, Abdel Hamid al-Demerdash, the head of Egypt's Agriculture Export Council told Reuters. Egyptian crops from strawberries to peppers have been hit by temporary bans in Saudi Arabia and the United Arab Emirates on concerns over pesticides residues. Sudan introduced a blanket ban in May on agricultural products from Egypt.  Click here to read full stories.

Aug 09 - Contamination of eggs "criminal" - German agricultural minister

Germany's agriculture minister said on Tuesday that the contamination of millions of eggs with a potentially harmful insecticide was "criminal", as authorities in several European countries continued to investigate the food safety scare. Retailers in several European countries have pulled millions of eggs from supermarket shelves as the scare over the use of the insecticide fipronil widened. Millions of hens may need to be culled in the Netherlands.  Click here to read full stories.

Aug 09 - U.S. lawmakers seek missing information in review of Monsanto weedkiller

 The chairman of a congressional committee has asked the U.S. National Institutes of Health (NIH) to explain why its National Cancer Institute (NCI) failed to publish data that showed no links betweenglyphosate and cancer. In a Tuesday letter seen by Reuters, U.S. Representative Trey Gowdy, who chairs the House Committee on Government and Oversight Reform (OGR), said he "is concerned about the new revelations" and is "seeking more information" about why the exculpatory results were not published by the NCI. Click here to read full stories.

Aug 09 - Asian Palm Oil Edges Up as Oilseed Prices Rise (Dow Jones)
Asian palm-oil prices are slightly higher, supported by ongoing strength in US oilseeds. But investors are likely to be largely on the sidelines ahead of Thursday's Malaysia palm oil board data. The market will be looking to see whether production has improved and whether supplies are rising. The Bursa Malaysia benchmark palm-oil contract is up 0.2% at MYR2,635/ton.

Aug 08 - Asian Palm Oil May Get Support From Soybeans (Dow Jones)
Asian palm oil prices are likely to see some support from ongoing strength in soybeans, which are above normal levels for this time of year due to concerns about weather in the US Midwest. That as market focus locally is on Thursday's release of Malaysia Palm Oil Board.

Aug 08 - Chinese Rice Supplies an Eventual Price Risk (Dow Jones)
The fast rise in China's rice supplies due to its minimum-price and stockpiling policy poses downside risks to prices--but not for 2-3 years, says BMI Research. It adds the policy is leading to similar issues--namely local oversupply, rising imports and mounting stockpiles--but authorities have pledged to maintain generous support to rice and wheat producers in order to remain self-sufficient in those key staples. "These imbalances will eventually force the government to act on its large stocks and [it] may look to limit rice imports or to release local stocks on the domestic market."

Aug 08 - China buyers resell soybeans as crushers lose cash, glut grows - traders

Two major Chinese soybean buyers have resold more than 500,000 tonnes of product in recent weeks, sources familiar with the deals said, amid growing concerns about losses among crushers and congestion at a major port in the world's top oilseed buyer. The resales appear to be isolated, but they stir worries about possible contract defaults as crushers incur big losses due to a supply glut and a logjam in the port of Rizhao, China's major crushing hub in eastern Shandong province. Click here to read full stories.

Aug 08 - Tyson posts better-than-expected profit, bets on chicken

Tyson Foods Inc  reported stronger-than-expected quarterly results on Monday, sending its shares up 5 percent, and said it would ramp up chicken production in the face of record demand from U.S. consumers. Tyson said it spent more money on advertising and marketing for chicken in the third quarter ended on July 1, bringing down operating income for that segment. Click here to read full stories.

Aug 08 - China July soybean imports hit highest on record as ports clear logjams

China's July soybean imports surged 30 percent to their highest level on records back to 2010, according to Reuters calculations based on customs data, as ports in the world's top oilseed consumer rushed to clear a months-long backlog of cargoes. July imports hit 10.08 million tonnes, topping the earlier highest level set in May at 9.59 million tonnes, and were up 31 percent from 7.69 million tonnes in June. Click here to read full stories.

Aug 08 - France lifts wheat crop estimate, sees bigger maize crop

France's farm ministry has raised its estimate of the country's 2017 soft wheat crop,confirming a rebound from last year's poor harvest, and projected bigger maize production this year after rain this summer helped crops. France, the European Union's largest grain grower, is now expected to produce 36.8 million tonnes of soft wheat, up from 36.2 million expected a month ago and a third higher than last year's weather-hit crop of just 27.6 million, the ministry said in a report on Monday. Click here to read full stories.

Aug 08 - Dutch may need to cull millions of hens after insecticide found in eggs

Millions of hens may need to be culled in the Netherlands after traces of a potentially harmful insecticide were found in eggs, a Dutch farming group said, ratcheting up the strain on a sector still reeling from a bird flu outbreak. Retailers in several European countries have pulled millions of eggs from supermarket shelves as the scare over the use of insecticide fipronil widened, though Dutch industry group LTO said consumers were no longer at risk. Click here to read full stories.

Aug 08 - Russian wheat prices down as harvesting gathers pace

Russian wheat export prices fell last week after increasing or being stable for 11 straight weeks as Black Sea wheat producers speed up harvesting, analysts said on Monday. Russia, Ukraine and Kazakhstan anticipate strong exports in the current 2017/18 marketing year as recent good weather has buoyed their expectations for bumper crops.  Click here to read full stories.

Aug 07 - Brazil likely to create ethanol import quota, tax imports above it - group

The Brazilian government is likely to adopt a quota system for ethanol imports, allowing 600 million liters into the country per year free of tax and imposing a 20 percent tariff on volumes in excess of that quota, cane industry group Unica said on Monday. Eduardo Leão, Unica's executive director, told Reuters on the sidelines of a seminar in Sao Paulo that the new policy has been discussed within the government and should be approved in an extraordinary meeting of Brazil's foreign trade chamber Camex on August 23. Click here to read full stories.

Aug 07 - Fear of quality loss to German wheat harvest after heavy rain

Rain in past weeks has created concern about last minute quality loss to Germany's wheat harvest, traders said on Monday, with a larger proportion of the crop than usual likely only to reach feed wheat quality, possibly cutting export supplies. Germany, the European Union’s second-largest wheat producer and exporter after France, has suffered rain in the past two weeks just as thousands of combine harvesters were ready to start gathering the crop.

Aug 07 - Strong Black Sea wheat exports seen as weather boosts crop

Black Sea wheat producers anticipate strong exports in the current marketing year as recent good weather has buoyed their expectations for bumper crops in Russia and Ukraine, traders and analysts said. Russia, Ukraine and Kazakhstan, which export grain via the Black Sea mainly to customers in Africa and the Middle East, had been broadly expected to see another good harvest this year. However, they may harvest even larger wheat crops than originally thought. Click here to read full stories.

Aug 07 - Germany concerned Belgium withheld data about contaminated eggs 

German Agriculture Minister Christian Schmidt on Saturday expressed concern about news that Belgian authorities first learned about the possible contamination of eggs with an insecticide in June, a month before the issue became public. Schmidt planned to call his Belgian counterpart on Monday to discuss the current situation and "particularly the new information," a ministry spokesman said. Click here to read full stories.

Aug 07 - Funds not ready to pull plug on bullish grain views: Braun 

U.S. corn and soybeans are facing more difficulties this growing season than the last couple of years, and although it is clear that complete disaster is not in the cards, there is just enough supply uncertainty to keep the funds cautiously bullish in Chicago-traded grains and oilseeds. The U.S. Department of Agriculture cut corn condition scores for the fourth week in a row last Monday, but 61 percent of the crop is still considered in good or excellent condition. And even though the 59 percent good-to-excellent soybean score is the lowest for the date in five years, last week marked the first rebound in conditions in six weeks. Click here to read full stories.

Aug 07 - India monsoon rains to stay weak in key regions for next 2 weeks

Key crop growing regions in India are likely to receive lower rainfall than normal in the next fortnight, the state-run weather forecaster said, raising concerns over the yield of summer-sown crops. Areas in the country's central, north-western and southern states that grow cotton, pulses, sugarcane and oilseeds will be hit, the India Meteorological Department said in its extended range outlook. Click here to read full stories.

Aug 07 - Aldi stops selling eggs in Germany over food safety scare

Discount supermarket chain Aldi is withdrawing all eggs from sale at its more than 4,000 stores in Germany as a precaution, it said on Friday, as a scare over the possible contamination of eggs with insecticide spreads. Traces of insecticide fipronil were found in eggs in Belgium and the Netherlands last month, which has led to the temporary shut-down of some poultry farms and to supermarkets halting the sale of eggs from the Netherlands. Click here to read full stories.

Aug 07 - Indonesia, Russia sign MoU to trade palm, coffee for Sukhoi jets

Indonesian state trading company PT Perusahaan Perdagangan Indonesia and Russian state conglomerate Rostec have signed a preliminary deal to trade Sukhoi SU-35 jets for commodities like palm oil and coffee, the Indonesian trade ministry said. A memorandum of understanding (MoU) was signed in Moscow and further details about the expected deal will be announced in the coming days by the Indonesian trade and defense ministers, Indonesian trade ministry official Imam Pambagyo said on Sunday. Click here to read full stories.

Aug 07 - "Lucifer" heat wave holds Italy, eastern Europe in fiery grip

Swathes of southern and eastern Europe sweltered in temperatures above 40 degrees Celsius (104°F) on Friday in a heat wave nicknamed "Lucifer" that has fanned forest fires, triggered weather warning alerts and damaged crops. Italy and the Balkans were worst affected, though areas as far north as southern Poland also basked in abnormally hot temperatures, and European weather hub Meteoalarm issued its highest grade "red" warnings for 10 countries. Click here to read full stories.

Aug 07 - USDA Sees Rising Malaysia Palm-Oil Exports, Stocks (Dow Jones)
The USDA expects Malaysian palm-oil exports to rise nearly 6% in 2017-8 to 18 million metric tons due to demand from India and the Middle East. But with expectations for high production near-term, supplies are seen rising as well. "Production for 2017-8 is forecasted to increase to 21 million tons as trees fully recover from tree stress and the industry is able to address labor issues," the agency adds.

Aug 07 - Whole-Milk-Powder Investors Look Past Auction (Dow Jones)
NZX whole-milk-powder futures rise as investors have moved past softness in last week's Global Dairy Trade auction. Instead, prices continue to trade in line with higher global levels. "Last week's GDT auction prices look like the anomaly," says CBA's Tobin Gorey. NZX 3-month whole-milk-powder prices are up 1.7% at US$3,300/ton.

Aug 07 - Almond Struggles At Select Harvests Just Beginning (Dow Jones)
Bell Potter says Australian almond prices will likely get worse before they get better, especially as California supply grows, which is negative for Aussie almond-grower Select Harvests. The company recently revised its FY17 earnings expectations lower and said almond prices would on average be A$7.40-A$7.50 per kilogram, down from the  A$7.50-A$8.50 expected previously. Select Harvests is "in the unenviable position of facing weaker realized almond prices as fixed costs escalate, having regeared the balance sheet through acquisition and
investment," Bell Potter says.

Aug 04 - Paraguay's high-protein wheat may be too scarce to seize demand

Weather damage to crops in Paraguay has robbed the international wheat market of more supplies of the high-quality grain needed to make bread and snatched an opportunity for the country to cultivate customers other than its massive neighbor, Brazil. Frost has been so bad that Paraguay may lose as much as half the 430,000 hectares sown this year, leaving it with just enough crop to cover domestic demand, Jose Berea, president of Paraguay's chamber of exporters, known as Capeco, said this week. Click here to read full stories.

Aug 04 - Bunge aims to 'reinvent' dealings with Brazilian soy farmers

With Brazilian farmers storing soybeans due to low prices, Bunge Ltd is aiming to change the way it buys crops in an effort to prompt more selling and rebuild profit margins. Bunge, one of the world's largest oilseed processors, wants to get farmers to agree to sell more of their upcoming crops to the company ahead of harvest time by offering extra help with services, such as financing and price risk management, Chief Executive Soren Schroder told analysts on Wednesday on a conference call. Click here to read full stories.

Aug 04 - Russian ban on Turkish tomatoes bears domestic fruit

A ban on Turkish tomato imports that was motivated by geopolitics has inspired Russia to become self-sufficient in tomato production, a windfall for companies who invested in the technology that would increase year-round production. Russia has been ramping up production of meats, cheese and vegetables since it banned most Western food imports in 2014 as a retaliatory measure for sanctions meant to punish Russia's support of rebels in eastern Ukraine and annexation of Crimea. Click here to read full stories.

Aug 04 - U.S. to reject biofuel program tweak in snub to Icahn - sources

The Environmental Protection Agency will reject a proposal backed by billionaire Carl Icahn and a handful of refining companies to overhaul the U.S. biofuels program, in a victory for big ethanol producers that had fought to defend the existing policy, three sources familiar matter told Reuters on Thursday. The decision is a blow to independent oil refiners, including Icahn's CVR Energy and top U.S. refiner Valero Energy Corp, that have said the current U.S. biofuels policy costs them hundreds of millions of dollars by forcing them to blend petroleum-based and plant-based fuels. Click here to read full stories.

Aug 04 - Plant-based meats whet U.S. summer grilling appetites

Burgers made from plants instead of animals are capturing more space on U.S. barbecuegrills this summer, fueling sales in the niche products that could reach $5 billion globally by 2020. Plant-based meat foods are now available that include beet juice for color and canola oil to simulate fat. These changes are not only pulling in consumers but also one of the powerhouses in traditional meat production, Tyson Foods Inc. Click here to read full stories.

Aug 04 - Hot, dry American summer unlikely to dent USDA's corn harvest view

The full impact of a hot and dry summer in the U.S. Midwest is unlikely to show up in the government's next estimate of the U.S. corn crop as it typically makes just small adjustments to its harvest outlook during August. The U.S. Agriculture Department will update its yield projection in its monthly supply and demand report on Aug. 10. The forecast will be closely watched as it will be the first harvest outlook for the 2017/18 marketing year that includes data from field surveys. Click here to read full stories.

Aug 04 - Informa sees U.S. 2017 corn yield at 165.9 bu/acre -trade

Private analytics firm Informa Economics on Thursday projected U.S. 2017 corn production at 13.852 billion bushels based on an average yield of 165.9 bushels per acre, trade sources said. The sources said Informa forecast U.S. 2017 soybean production at 4.196 billion bushels with a yield of 47.3 bushels per acre.  Click here to read full stories.

Aug 04 - Truck drivers protest in Brazil may delay grain loading - industry group

Brazil grains exporters group Anec on Thursday said it will send an official communication to foreign buyers saying that protests by truck drivers in the country might delay grain loading operations at Brazilian ports. Anec's director Sergio Mendes said protests against high diesel prices have impacted the flow of grains particularly in Mato Grosso, Brazil's top producing state. The demonstrations entered a third day on Thursday and have spread to other states such as Rio Grande do Sul and Paraná, local media reported. Click here to read full stories.

Aug 04 - German supermarket chain halts Dutch eggs sales after toxic scare

Major German supermarket chain REWE has removed all Dutch eggs from its shelves and suspended sales until further notice, following a warning by the Netherlands food safety authority of possible contamination with the toxic insecticide fipronil. Dutch food safety watchdog NVWA published a list this week of the serial numbers of eggs that were deemed unsafe, with one specific range of eggs labelled as an acute health hazard. Others were said to be mainly unsafe for children to eat in larger quantities. Click here to read full stories.

Aug 04 - U.S. lumber mill owners say 'no hurry' to reach deal with Canada

U.S. lumber mill owners said on Thursday they were "in no hurry" to reach a softwood lumber deal with Canada that fails to limit Canadian producers' share of the U.S. market to a strict percentage. The owners of four lumber mills told Reuters that talks to end a decades-old dispute with Canada should stay on a separate track from negotiations to modernize the North American Free Trade Agreement that are due to start on Aug. 16. Click here to read full stories.

Aug 04 - Asian CPO Prices to Trend Lower as Weather Concerns Fade (Dow Jones)
Asian crude palm oil prices are likely to continue to trend lower as chances for weather extremities fade, which should bring ample supplies through the end of 2017, says OCBC in a note. Bursa Malaysia palm oil prices closed lower for the fourth consecutive trading session Thursday, with much of the focus on data due next week in Malaysia on production and stocks. The Bursa Malaysia benchmark contract ended down 38 ringgit a ton at MYR2,604 a ton.

Aug 04 - FAO Rice Price Index Up on Firmer Japonica, Fragrant Prices (Dow Jones)
The FAO All Rice Price Index rose 0.7% in July 2017 to reach a two-year high due to firmer Japonica and fragrant quotations, says the UN organization. The move in some rice prices is due to seasonally tighter exportable availabilities in these segments. However, it adds that prices for higher quality Indica rice fell due to a slowdown in demand during July. It notes that in Thailand, benchmark Thai 100% Grade B white rice was US$432 per metric ton in July, down 8% month-on-month and essentially unchanged with May.

Aug 03 - Drifting crop chemical deals ‘double whammy’ to U.S. farmers

An advanced weed-killing chemical has twice come back to haunt Arkansas farmer John Weiss. The herbicide, known as dicamba, has long been employed in the United States to kill weeds before fields were planted, but its use spiked after regulators last year approved a new formulation that allowed farmers to apply it to growing plants. Click here to read full stories.

Aug 03 - Bunge leaves door open to selling itself, cuts 2017 forecast

Bunge Ltd kept the door open on Wednesday to a sale of the company as it reported a 34 percent drop in quarterly earnings and cut its full-year outlook, but its chief executive officer predicted a grains market rebound that would reverse the slide. CEO Soren Schroder said planned cost cuts should also help improve performance by the agricultural commodities trader after its second straight weak quarterly result. Click here to read full stories.

Aug 03 - Erratic monsoon rains threaten key Indian grain, food crops

India's monsoon has delivered 1 percent more rain than normal so far this year, but erratic distribution has flooded some areas and left others in drought, clouding the outlook for key summer-sown crops more than midway through the season. The uneven rains could lead to lower food grain output despite bigger planting areas, forcing India to raise imports of edible oils, sugar and pulses, and potentially limiting exports of cotton, rice and feed ingredients, traders said. Click here to read full stories.

Aug 03 - Thailand may export 11 mln T of rice in 2017, higher than target - commerce minister

Thailand is likely to export 11 million tonnes of rice this year, the country's commerce minister said on Wednesday, higher than its target. "Thailand is negotiating rice deals with many countries such as Sri Lanka and Bangladesh," Commerce Minister Apiradi Tantraporn told reporters. Click here to read full stories.

Aug 03 - Fertilizer maker CF Industries posts 93.6 pct plunge in profit

U.S. fertilizer producer CF Industries Holdings Inc  reported a 93.6 percent fall in quarterly profit on Wednesday and said it expects nitrogen pricing to be challenged through 2017 and into 2018. Fertilizer prices have faced pressure from soft crop prices and expanding U.S. nitrogen fertilizer capacity. Click here to read full stories.

Aug 03 - Brazil chicken exports rise in July as food scandal wanes - ABPA

Brazilian chicken exports totaled 385,000 tonnes in July, rising for the first time sincean investigation into alleged bribery of food inspectors rattled the protein industry in March. Meatpackers association ABPA said in a Wednesday statement that export volumes rose by 6.2 percent from a year earlier. In financial terms, exports rose 2.7 percent to $619 million. Click here to read full stories.

Aug 03 - For displaced Iraqi, eggplants offer seeds of hope

When Myasar Khalil Ali fled Islamic State with his family three years ago one of the handful of possessions he was able to take were green eggplant seeds, which have germinated into a profitable small business. The Iraqi, who once ran a photocopying business in the mainly Turkmen town of Tal Afar, grows the green eggplants next to the blue tarpaulin of Yahyawa camp, in the Lilan district of Kirkuk where he now lives. Click here to read full stories.

Aug 03 - Asian Palm Oil Prices Off Slightly, Focus on Data (Dow Jones)
Asian palm oil prices have fallen slightly in early trading as the market awaits production data next week. Analysts expect to see production in Malaysia to have continued to pick up, and stocks, which are currently tracking around historically low levels, to increase when data is released on August 10. The Bursa Malaysia benchmark palm oil contract is currently trading down 13 ringgit a ton at MYR2,629 a ton.

Aug 03 - Thai Rice Exports Up 8% in 1H17 on Year (Dow Jones)
Thai rice exports are up 8% in 1H17 as prices are more competitive in the Middle Eastern and African markets, driven by the sale of government rice stocks and recovery of rice production in the off-season, says the U.S. Department of Agriculture in a note; "Rice exports in the second half of 2017 are expected to grow at a slower pace, particularly for white rice, due to the suspension of the sale of government stocks in June 2017."The USDA is forecasting Thai rice exports for 2017 to rise a total of 6%.

Aug 03 - Japan's Beef Tariffs to Hit NZ Beef Prices (Dow Jones)
Japan's decision to increase tariffs on beef imports will wait on New Zealand beef prices as Japan is the highest paying market, says ASB Bank in a note. Japan earlier this week raised import tariffs to 50% from 38.5% on beef imports from a number of countries including New Zealand and the U.S. to control beef imports coming into the country. ASB says that New Zealand beef prices are going to struggle to reach NZ$6/kg as previously forecast and are instead likely to drift lower over the remainder of 2017.

Aug 02 - Van Hulle en liquidation judiciaire (La France Agricole)
  Le 28 juillet, le tribunal de commerce de Dieppe a placé le négociant en liquidation judiciaire, avec trois mois de poursuite d’activités. Un délai pour éponger une partie des 11 M€ de créances d’agriculteurs et trouver un repreneur avant fin septembre.
  Après un an de période d’observation en redressement judiciaire, l’entreprise Van Hulle n’a pas réussi à refaire surface. Il faut dire que son passif était abyssal : 51 millions d’euros (M€) pour un chiffre d’affaires de 55 M€ en 2016… Les créances du négociant sont estimées à 11 M€ auprès des agriculteurs et 33 M€ auprès des banques.
  En quelques mois, Van Hulle a réduit son passif grâce à un accord avec la multinationale Glencore, et, dans une moindre mesure, à un protocole avec les agriculteurs concernant l’achat de produits phytosanitaires. « Peu d’agriculteurs ont signé ce protocole et il a été très compliqué à mettre en œuvre », relativise Éric de Laguerenne, juriste à la FDSEA du Cher.
  Aujourd’hui, le passif de l’entreprise est de 23 M€. Une grande incertitude demeure quant au recouvrement des créances, notamment celles des 250 agriculteurs du Centre Val de Loire, de Normandie et des Hauts de France. Tenant compte de la nouvelle récolte, le tribunal de commerce de Dieppe a octroyé une poursuite de l’activité.
  La mise en liquidation signifie que l’entreprise de Mortemer (Seine-Maritime), qui compte 19 salariés, fermera en octobre, sauf si un repreneur s’est déclaré avant le 29 septembre. Dans cette affaire, les agriculteurs ne sont pas des créanciers privilégiés. Ils ont peu de chance de recouvrir la totalité des sommes dues. La FNSEA qui coordonne une action collective, ne s’est pas encore prononcée sur la suite de l’affaire.
  L’audience du 21 juillet au tribunal de commerce de Dieppe a mis en exergue les difficultés internes de gestion de l’entreprise. Selon le procureur, « l’administrateur judiciaire a établi des observations qui laissaient dubitatif sur le fonctionnement de l’entreprise ». Les éléments de comptabilité de base (marge brute, résultat, consommation de trésorerie) et l’inventaire des stocks étaient incomplets ou approximatifs.
  De plus, les six derniers mois font apparaître une perte d’exploitation de 1,2 M€. Même si ces chiffres sont en cours d’audit, selon le procureur, cette perte illustre « l’incapacité de la société Van Hulle Agro Distribution à trouver son équilibre économique ». Des éléments qui laissent à penser que le mal est plus profond qu’une mauvaise position contractée sur le Matif en 2016.

Aug 02 - ADM 2nd-qtr profit beats estimates on strong corn margins

U.S. agricultural trader Archer Daniels Midland Co's  second-quarter earnings topped expectations on Tuesday, sending shares higher, as strong sweetener and corn ethanol margins helped offset weak soybean processing results. The company's global trading desk, which lost money in three of the past six quarters and has lost several top traders in the past two years, posted stronger results despite lower volumes. Click here to read full stories.

Aug 02 - U.S. ethanol makers steer away from fuel, reach for booze

A U.S. glut of fuel-grade ethanol has major producers, including Green Plains Inc and industry pioneer Archer Daniels Midland Co, pursuing other markets and idling excess capacity in an effort to rebuild sagging margins. ADM and Green Plains both said on Tuesday they are converting fuel-ethanol capacity into beverage and industrial alcohol production, as well as idling some mills. The announcements follow Pacific Ethanol's decision in June to buy a beverage-grade facility in Illinois, a diversification away from fuel ethanol. Click here to read full stories.

Aug 02 - Mosaic shares tumble on disappointing fertilizer guidance

U.S. fertilizer producer Mosaic Co on Tuesday forecast slower phosphate sales and weaker prices for the current quarter, causing shares to plunge as much as 9 percent. The Minnesota-based company predicted third-quarter phosphate sales of 2.2 million to 2.5 million tonnes, down from 2.6 million in the second quarter. Click here to read full stories.

Aug 02 - INTL FCStone sees U.S. 2017 corn crop at 13.590 billion bushels

Commodity brokerage INTL FCStone on Tuesday projected U.S. 2017 corn production at 13.590 billion bushels, with an average yield of 162.8 bushels per acre (bpa). The company forecast this year's U.S. soybean harvest at 4.235 billion bushels, with an average yield of 47.7 bpa. Click here to read full stories.

Aug 02 - Bayer offers concessions to EU Commission for Monsanto deal

The European Commission said Germany's Bayer had submitted commitments aimed at easing competition concerns over its $66 billion takeover of U.S. agrochemicals group Monsanto, suggesting the company aims to avoid a lengthy review. The Commission said it had extended a deadline by two weeks, aiming to complete its initial review of the deal by Aug. 22. Click here to read full stories.

Aug 02 - U.S. environment regulator reviews pesticide after damage reports

The U.S. Environmental Protection Agency is reviewing its directions on how to use the latest versions of the weed killer dicamba, following hundreds of reports about crop damage when traces of itdrift away from application sites, an agency spokeswoman said on Tuesday. "We are reviewing the current use restrictions on the labels for these dicamba formulations in light of the incidents that have been reported this year," EPA spokeswoman Amy Graham said in an email to Reuters. Click here to read full stories.

Aug 02 - China's Inner Mongolia region culls 66,500 chickens after bird flu outbreak

China's Inner Mongolia region has culled 66,500 chickens following an outbreak of bird flu that has affected 35,000 birds, the Ministry of Agriculture said on Tuesday. The H5N1 strain of the virus was confirmed at a hen farm in Tongliao city, which has 3 million people, and has killed 15,000 birds, the ministry said in a statement on its website. Click here to read full stories.

Aug 02 - Dairy prices fall at auction, volumes rise

Overall global dairy prices fell at an auction on Wednesday, though a rise in sales volumes and strong gains for whole milk powder suggested a mixed outlook for farmers. The Global Dairy Trade (GDT) Price Index dipped 1.6 percent, with an average selling price of $3,343 per tonne, in the auction held in the early hours of Wednesday morning. Click here to read full stories.

Aug 02 - Asian Palm Oil to Trend Lower as Yields Recover (Dow Jones)
Asian palm-oil prices will trend lower in coming months, says BMI Research, amid rising yields after a declines last season for the first time in nearly 20 years. It adds while domestic consumption in Indonesia and Malaysia will rise in 2017 due to the development of biodiesel production, import demand will remain lackluster this year, limiting total consumption growth for palm oil. Bursa Malaysia benchmark palm oil is down 1.1% at MYR2,624/ton.

Aug 02 - Butter Falls From Record High in Dairy Auction (Dow Jones)
Butter prices fell from record highs in the Global Dairy Auction, but weakening milk-fat prices may be temporary, says ASB. "Demand continues to surge and inventories are now very tight." The bank adds that as supply struggles to keep up with demand that further gains in milk fat should lift dairy prices more generally. The average butter price fell 4.9% in the auction, but remain double year-earlier levels.

Aug 01 - Asian Palm Oil Quiet Ahead of Output Data (Dow Jones)
Asian palm-oil prices are little changed as the market awaits output and stockpile data from Malaysia. Estimates released Monday showed exports were slightly higher last month, though slowed as July progressed. The Bursa Malaysia 3-month palm-oil contract is up 0.2% at MYR2,679/ton.

Aug 01 - Dairy Prices Likely to See Hefty Rise at Auction (Dow Jones)
Dairy prices are likely to see a hefty rise at the auction later Tuesday as dairy markets have seen a couple of distinct shifts since the last auction in mid-July, says Tobin Gorey, an analyst at the Commonwealth Bank of Australia in a note; "First, butter prices (and so milk fat prices) have continued to soar. Secondly, the US Dollar has weakened substantially. Both support a higher price level." He adds that while NZX whole milk powder have drifted lower but this could be "some pre-auction nerves." The NZX 3-month whole milk powder price is trading down US$25/metric ton at US$3,235/metric ton.

Aug 01 - Brazil's JBS taps BNP Paribas for Moy Park sale, source says

JBS SA, the world's No. 2 food processor, has picked BNP Paribas SA to help sell Moy Park Ltd, which the company has put on the block, a person with direct knowledge of the matter said on Monday. JBS, whose controlling family has been ensnared in a corruption scandal, announced plans to sell Ireland-based Moy Park on June 20. Click here to read full stories.

Aug 01 - USDA June soybean crush seen at 146.9 mln bushels

The U.S. Department of Agriculture's monthly report on oilseed crushings will likely show that about 4.407 million short tons, or 146.9 million bushels, of soybeans were processed in June, according to the average forecast of six analysts in a Reuters survey on Monday. Their estimates ranged from 146.0 million to 148.0 million bushels. The median prediction was 146.8 million bushels. Click here to read full stories.

Aug 01 - Japan's Aso says Tokyo to discuss frozen beef import tariffs in talks with U.S.

Japan's finance minister said on Tuesday Tokyo would raise the issue of tariffs on frozen beef imports from the United States and other countries in bilateral economic talks with Washington later this year. Minister Taro Aso's comments came as Japan hiked tariffs from Aug. 1 on imports of frozen beef, popular in beef bowl dishes, from countries including the United States to 50 percent from 38.5 percent. Click here to read full stories.

Aug 01 - France heading for record rapeseed yield - crop institute

France's rapeseed yield is set to reach a record level, allowing the country to harvest a large crop despite a sharp fall in area linked to a difficult sowing season, oilseed technical institute Terres Inovia said on Monday. The French harvest, which is in its final stages, should bring an average yield of about 3.8 tonnes per hectare (t/ha), after yields in many regions exceeded 3.5 t/ha and some approached 4.5 t/ha, it said in a statement. Click here to read full stories.

Aug 01 - Strategie Grains raises EU rapeseed crop outlook as harvest progresses

Consultancy Strategie Grains raised its monthly outlook for this year's rapeseed crop in the European Union by nearly 800,000 tonnes, mainly due to harvest results in France that showed crops were better than expected after a June heatwave. In a report released on Monday, Strategie Grains projected the EU 2017 rapeseed crop at 21.9 million tonnes, now 8 percent above last year when the crop was damaged by adverse weather. Click here to read full stories.

Aug 01 - U.S. corn, soy, spring wheat ratings seen unchanged in - poll

The U.S. Department of Agriculture's weekly crop progress report should show no change in condition ratings for U.S. corn, soybean and spring wheat crops, according to an average of estimates by 12 analysts polled by Reuters on Monday. The poll forecast that the corn crop would be rated 62 percent good to excellent and the soybean crop as 57 percent good to excellent. Good-to-excellent ratings were seen at 33 percent for spring wheat. Click here to read full stories.

Aug 01 - Russian wheat prices stable after 10-week rise

Russian wheat export prices were stable last week after increasing for 10 straight weeks due to easing concerns over the quality of this year's crop and as harvesting gathers pace. Black Sea prices for Russian wheat with 12.5 percent protein content and for August delivery were $196 a tonne on a free-on-board (FOB) basis at the end of last week, unchanged from a week earlier, IKAR agriculture consultancy said in a note.  Click here to read full stories.

Aug 01 - India's Punjab, Maharashtra states warn cotton farmers on potential pest attacks

Two Indian states have asked cotton farmers to step up pesticide sprays to ward off potential harmful bug attacks as dry weather conditions in some parts of the country risk triggering infestations of pests like plant-eating whitefly. Despite plentiful rains in most parts of the country, monsoon has been patchy in some areas of the northern states of Punjab and Maharashtra in western India, prompting the two state governments to initiate steps to stop pest attacks. Click here to read full stories.

Aug 01 - Romania reports African swine fever in backyard pigs - OIE

Romania has reported an outbreak of African swine fever among backyard pigs in the town of Satu Mare in the north of the country, the World Organisation for Animal Health (OIE) said on Monday. The disease infected and killed one of the four domestic pigs at the location, while the other three were slaughtered, the Paris-based OIE said, citing a report from Romania's veterinary and food safety authority. Click here to read full stories.

Jul 31 - Asian CPO Gains on Robust Exports (Dow Jones)
Asian crude palm oil futures ended Monday's trading session higher on strong export demand. Malaysia's palm oil exports in July are estimated up 4.1% on month at 1,260,143 metric tons, according to cargo surveyor SGS (Malaysia) Bhd. Another surveyor Intertek Agri Services estimated exports at 1,239,407 metric tons, up 4.1% on month. The Bursa Malaysia palm oil contract for October delivery closed up MYR20 ($4.7) at MYR2,675/ton.

Jul 31 - U.S. hopes NAFTA update avoids pitting farms against manufacturers

U.S. Agriculture Secretary Sonny Perdue said on Friday he hoped farm business with Mexico would not suffer due to President Donald Trump's drive to get a better deal for manufacturers. Speaking before talks between the United States, Mexico and Canada to revamp the 23-year-old North American Free Trade Agreement (NAFTA), which will begin on Aug. 16 in Washington, Perdue said NAFTA had caused problems for some sectors, but not others. Click here to read full stories.

Jul 31 - Funds stake out bets in CBOT grains, await USDA data - Braun 

Speculators have recently been evening up positions in Chicago-traded grain and oilseeds as they gear up for next month’s government forecast for the U.S. crops - which may reflect tightening supplies.United States weather and its impact on the corn and soybean crops there remain the prime focus of agriculture markets, and the imperfect conditions have caught specs’ attention. Click here to read full stories.

Jul 31 - Japan beef tariff hike threatens trade relations - U.S. ag secretary

Japan's decision to hike tariffs on frozen beef imports from the United States could disrupt sales and harm trade relations between the two countries, U.S. Agriculture Secretary Sonny Perdue said on Friday. Japan will raise tariffs from August on imports of frozen beef, popular in beef bowl dishes, from the United States and some other countries to 50 percent from 38.5 percent, until next March, the Ministry of Finance said on Friday. Click here to read full stories.

Jul 31 - The rain dilemma for U.S. corn, soybeans - Braun

Rain has been falling across the U.S. corn and soybean belt this month but crop ratings have been low or declining, a sign that some farmers may be getting too much moisture while others have parched fields. Because summer storms have been so localized, the two leading weather models used by traders may be little help in gauging whether this summer's hit-or-miss weather pattern may cause U.S. corn and soybean yields to end up lower than expected. Click here to read full stories.

Jul 31 - Egypt targets 7 mln tonnes of imported wheat for gov't purchase 2017-18 - minister

Egypt is targeting 7 million tonnes of imported wheat for government purchase for 2017-18, up from a previous target of 6.2 million tonnes, the supply minister said on Saturday. Supply Minister Ali Moselhy told Reuters on the sidelines of a press conference that the reason for increase was to build a strategic reserve of wheat ahead of the new harvest next year. Click here to read full stories.

Jul 31 - Indonesia to keep export taxes for cocoa, palm oil at zero in August

Indonesia will maintain export taxes for cocoa beans and crude palm oil at zero for August, the trade ministry said on Monday. The cocoa bean export tax will be set at zero for a third month. For crude palm oil, it is the fourth at zero. Click here to read full stories.

Jul 31 - EU slashes maize crop forecast, projects record imports

The European Commission cut its forecast for 2017/18 maize crop in the European Union by nearly 4 million tonnes to a five-year low, while raising projected imports of the grain to a record level. Usable production of maize was put at 58.4 million tonnes, compared with 62.1 million estimated a month ago, below last year's 61.1 million tonnes and the weakest level since 2012/13, supply-and-demand data issued by the Commission on Friday showed. Click here to read full stories.

Jul 31 - Ukraine harvests 24.3 mln t of grain so far - ministry

Ukraine has threshed 24.3 million tonnes of grain so far during this year's harvest with an average yield of 3.58 tonnes per hectare, the agriculture ministry said on Friday. Farmers had harvested 6.8 million hectares of grain as of July 28, the ministry said. Click here to read full stories.

Jul 31 - Asian Palm-Oil Prices to Fall as Production Grows (Dow Jones)
Prices of palm-oil are expected to fall to 2,500 ringgit a metric ton by the year end as production continues to grow strongly, says Capital Economics in a note. It adds that the European Parliament's recent call to phase out palm-oil produced in unsustainable ways to be phased out by 2020 could be a factor for demand as currently the EU is the second largest importer of palm-oil; "Admittedly, it is uncertain as to whether the European Commission will enact the resolution." The Bursa Malaysia benchmark palm oil contract settled Friday 0.5% lower at 2,655 ringgit a ton.

Jul 26/27/28/29 - C3 Calculator Annual Maintenance ( Agri products )
Due to annual review of our Freight calculators (version upgrade + verification), some reports including vegoils, American grains and oilseeds complex, French grains and European grains  ... might be delayed from this Thursday 27th to Saturday 29th of July.  We do apology for any inconvenience. Everything should be back to normal schedule this Monday 31st of July.

Jul 28 - Egypt wheat inspections in limbo as quarantine studies options

Egypt's agriculture quarantine service has received a court order putting it back in charge of inspecting wheat imports for the world's largest buyer, sources said on Thursday, after the Trade Ministry took control this year. The same Egyptian court last month decided to suspend a new food inspection system designed to strip the process away from the quarantine service after the latter imposed a zero-tolerance policy on the grain fungus ergot, a measure that led trading houses to boycott state purchase tenders last year. Click here to read full stories.

Jul 28 - Japan likely to hike tariffs on frozen beef imports from U.S., others -media

Japan is likely to raise tariffs on frozen beef imports from the United States and some other countries to protect domestic producers against imports, according to local media, pending import data due out on Friday. Tariffs on frozen beef would jump to 50 percent from the current 38.5 percent between Aug. 1 and the end of March next year if a "safeguard" mechanism designed to protect domestic farmers is triggered by the import data, local reports said on Thursday, without citing sources. Click here to read full stories.

Jul 28 - Dry weather diminishes outlook for global grain crops - IGC

The International Grains Council on Thursday cut its forecasts for 2017/18 global corn, wheat and barley crops after prospects took a hit from dry weather in several countries. "Because of overly dry weather, including in North America, the EU and Australia, the outlooks for global corn, wheat and barley harvests are revised lower," the IGC said in a monthly update, adding rains would likely be too late to reverse damage in some areas. Click here to read full stories.

Jul 28 - New Zealand ministry says cattle disease outbreak under control

New Zealand's first outbreak of a serious bacterial cattle disease was well under control, the Primary Industries ministry said on Friday, with stock movement restrictions in place and testing continuing. News of the discovery of mycoplasma bovis earlier this week on a single farm in the world's largest dairy exporter briefly knocked the local currency lower, given the importance of the industry to New Zealand's economy.  Click here to read full stories.

Jul 28 - French farmers fume as government rejigs EU subsidies

French farm unions cried foul over a government decision on Thursday to use part of European Union direct payments linked to output to finance rural development projects such as fast growing organic farming. The decision comes just days after France launched wide debate on the future of the food sector, aiming to improve farmers' ailing incomes, including the usually well-off grain growers who suffered last year after one of the worse harvest in decades at a time of low world prices.  Click here to read full stories.

Jul 28 - Drought slashes U.S. spring wheat yield prospects - tour

Cocoa prices are expected to climb in the second half of this year as falling production in West Africa in the 2017/18 season contributes to a smaller global surplus, a Reuters poll of eight traders and analysts showed on Thursday. The survey's median forecast for New York cocoa futures prices at the end of this year was $2,200 a tonne, up 15.1 percent from Wednesday's close. Click here to read full stories.

Jul 28 - EU postpones decision on biodiesel anti-dumping duties

The European Union postponed a vote on Thursday designed to set its response to Argentina's successful World Trade Organization challenge to EU anti-dumping duties on biodiesel imports, sources familiar with the planned vote said. The EU set duties in November 2013 of 8.8 percent to 20.5 percent for Indonesian producers and between 22 percent and 25.7 percent for Argentine producers, in both cases to apply for five years. Click here to read full stories.

Jul 28 - Fertilizer maker Potash Corp beats revenue expectations

Canada's Potash Corp of Saskatchewan reported bigger-than-expected revenue on Thursday as it sold more potash at higher prices compared with a year earlier, marking a slow recovery in the oversupplied market. Potash prices have rebounded modestly since last year but remain low, under pressure from bloated global capacity and soft crop prices. Click here to read full stories.

Jul 28 - German 2017 spring barley crop seen down 3.3 pct on year

Germany's harvest of spring barley, largely used for malt and beer production, will fall 3.3 percent on the year to around 1.72 million tonnes, the German Brewing Barley Association said on Thursday. "German brewing barley experts now expect the 2017 harvest to be average and healthy," the association said in its first harvest forecast. Click here to read full stories.

Jul 28 - Bangladesh rice tender draws lowest offer of $419.51/T

The lowest offer in the tender from Bangladesh to import 50,000 tonnes of rice on Thursday was from trading house Olam at $419.51 a tonne, on a cost, insurance and freight (CIF) liner out basis, officials at Bangladesh's state grains buyer said. Three other trading houses competed for the tender issued by state grains buyer, the Directorate General of Food. Click here to read full stories.

Jul 27 - Cargill considering bid for JBS's Pilgrim's Pride, paper reports 

Global commodities trader Cargill Inc is considering bidding for Pilgrim's Pride Corp, a U.S.-based chicken processor controlled by scandal-ridden Brazilian group JBS SA, newspaper O Estado de S. Paulo reported on Wednesday.A JBS representative said Pilgrim's Pride is not for sale. Cargill declined to comment.The report by the Brazilian newspaper did not cite how it obtained the information. Click here to read full stories.

Jul 27 - Russia grain tax crackdown may hinder exports - traders 

A crackdown on tax avoidance in Russia's grain trade is causing uncertainty among shippers and could even be hindering exports at a time when profit margins are already thin and a large crop is imminent, traders said.Authorities in Russia, one of the world's top wheat exporters, were estimated to be losing 65 billion roubles ($1.1 billion) a year in unpaid taxes on grain deals at a time when they are seeking to tackle a huge budget deficit. Click here to read full stories.

Jul 27 - UK will not accept chlorinated chicken to secure U.S. trade deal - minister 

Britain will not accept imports of chlorinated chicken in pursuit of a trade deal with the United States after Brexit, its environment minister said on Wednesday, days after a trade minister tried to play down public health concerns.The issue of chlorine-washed chicken, which is produced in the United States but not allowed in the European Union, is high-profile in Britain where many fear that a U.S. trade deal could lead to imports of food with lower safety standards. Click here to read full stories.

Jul 27 - Weather slashes North Dakota spring wheat prospects – tour

Spring wheat yield prospects in central and northwest North Dakota are down significantly from a year ago following hot and dry conditions during the growing season, scouts on an annual U.S. crop tour said on Wednesday.The Wheat Quality Council tour calculated an average yield for 188 hard red spring wheat fields scouted in the region at 35.8 bushels per acre (bpa), on the second day of a three-day tour. The figure compares with a 2016 second-day yield of 46.9 bpa and a five-year average of 46.6 bpa. Click here to read full stories.

Jul 27 - Nigeria's new $1.5 bln fertiliser plant boosts agriculture sector 

Nigeria's acting president will open a $1.5 billion fertiliser plant in the southeastern city of Port Harcourt on Thursday, highlighting efforts by Africa's largest economy to boost its agriculture industry.Nigeria has for decades been dependent on exports of oil to support its economy, but as global crude prices have dropped and production has been hit by militant attacks the government has sought to diversify, embracing sectors such as agriculture and manufacturing. Click here to read full stories.

Jul 27 - Japan to hike tariffs on frozen beef imports from U.S., others -media 

Japan will raise tariffs on frozen beef imports from the United States and some other countries to protect domestic producers against a surge in imports, local media reported on Thursday.Tariffs on frozen beef will jump to 50 percent from the current 38.5 percent between Aug. 1 and the end of March as a 'safeguard' mechanism for domestic farmers is to be triggered for the first time in 14 years, reports said, without citing sources. Click here to read full stories.

Jul 27 - Egypt wheat reserves enough for 6 months after buying spree 

Egypt's strategic wheat reserves are sufficient to last for six months, a supply ministry official told Reuters on Wednesday following a string of large purchase tenders intended to boost stocks after a smaller local harvest than in the past few years.The world's largest wheat importer's strategic reserves stand at 4.6 million tonnes, supply ministry spokesman Mamdouh Ramadan said. Click here to read full stories.

Jul 27 - South Africa's crop committee raises record maize estimate by 2 percent 

South Africa will harvest 15,969 million tonnes of maize this season, the biggest crop on record after improved weather conditions across the maize belt boosted yields, the government's Crop Estimates Committee (CEC) said on Wednesday.The estimate is up 2 percent compared to the CEC's June forecast of 15.6 million tonnes. The previous record harvest of 14.656 million tonnes was set in 1981. Click here to read full stories.

Jul 27 - Asian Palm-Oil Prices at 2-Month High (Dow Jones)
Asian palm-oil prices continue to rise, hitting their highest level since mid-May. A Kuala Lumpur trader says the move comes amid reports that a Chinese buyer has been buying palm oil for 4Q delivery, improving the commodity's outlook. The Bursa Malaysia benchmark palm-oil contract is up 0.9% at MYR2,653/ton.

Jul 26 - South Africa Corn Output Doubles As Yields Climb (Dow Jones)
South Africa's corn output will likely more than double as Africa's No.1 producer heads for a record crop, aided by favorable weather conditions, says the state-run Corp Estimates Committee. Output is projected at 16 million tons, 2% higher than last month's estimate. The forecast is more than double the 7.7 million tons produced last season. After suffering the worst drought in a century last season, South Africa's corn growing regions have received above average rains this year, enhancing yields. "The expected yield is 6.08 tons/hectare, the highest yield ever," the agency says. South Africa, which was forced to import corn for the first time in 8 years last year is now poised to resume exports of the grain.

Jul 26 - Asian CPO Closes Higher, Guided by Gains in Soy Oil (Dow Jones)
Asian crude palm oil futures recover from early losses to end a bit higher, tracking price gains in rival soy oil. Export demand for palm oil has picked up, but investors are nervous about rising production, notes David Ng of Philip Futures in Kuala Lumpur. That is why prices are expected to be rangebound between MYR2,580/ton ($602) and MYR2,680/ton ($625), says Ng. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange ended up MYR7 ($1.6) at MYR2,633/ton ($614.5)

Jul 26 - Above-trend U.S. soybean crop still in the cards – Braun 

U.S. soybeans are in the worst shape in five years, but the world’s largest soybean crop has a much better shot at topping the long-term trend yield than it may seem.The U.S. Department of Agriculture on Monday cut the amount of soybeans in good or excellent condition to 57 percent from 61 percent the week prior. This represents the fifth consecutive week in which ratings have declined, but this week’s reduction was the largest yet this season. Click here to read full stories.

Jul 26 - Drought cuts southern N.Dakota spring wheat prospects - tour 

Yield prospects for hard red spring wheat in southern North Dakota were below average following hot and dry weather during the growing season, scouts on an annual crop tour said Tuesday.The Wheat Quality Council tour calculated an average yield for hard red spring wheat fields in the region and adjacent areas of Minnesota and South Dakota at 37.9 bushels per acre (bpa) on the first day of a three-day crop tour. Click here to read full stories.

Jul 26 - Egypt's GASC buys 420,000 tonnes of wheat in tender 

Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), has bought 420,000 tonnes of wheat in an international purchase tender, it said on Tuesday.Of the total, GASC bought 300,000 tonnes of Russian wheat, 60,000 tonnes of Romanian wheat and 60,000 tonnes of Ukrainian wheat, it said. Click here to read full stories.

Jul 26 - India to introduce commodity position limits to curb price fluctuations 

India's capital markets regulator is creating three categories for agricultural commodities and will introduce limits that investors can hold for each one to try to reduce price fluctuations.Commodities will be classed as sensitive, broad or narrow, bassed on the frequency of government interventions in their markets and overall availability, the Securities and Exchange Board of India (SEBI) said on Tuesday. Click here to read full stories.

Jul 26 - Brazil meat plant inspectors resume protest, slowing oversight work 

Brazil's federal food inspectors, who claim they lack sufficient staff to ensure safety of the country's meat shipments, resumed a protest this week, slowing certification work at meatpacking companies and oversight at several ports and airports, their labor union said on Tuesday.Inspectors union Anffa Sindical recommended in a statement that members refrain from accessing the Agriculture Ministry's databases linked to foreign trade activities on July 24-25. This could delay export checks and on-site oversight. Click here to read full stories.

Jul 26 - Brazil trade chamber postpones decision on taxing U.S. ethanol 

Brazil's foreign trade chamber, Camex, has put off for 30 days a decision on whether to impose a tariff on ethanol to curb a surge in imports from the United States, a senior government official who attended the meeting told Reuters on Tuesday.The official said the chamber, which represents eight ministries, could not agree on applying a tariff and may consider quotas for imported ethanol at its next meeting. Click here to read full stories.

Jul 26 - Strength in farm business powers DuPont's results beat 

DuPont's quarterly profit and revenue beat estimates on Tuesday, driven by strength in its agriculture business, its biggest, sending its shares to a record high.DuPont, which is merging with Dow Chemical, rose as much as 2.4 percent to $86.36 in morning trading. Dow, which will report quarterly earnings on Thursday, was up 1.7 percent. Click here to read full stories.

Jul 26 - Algeria cereal imports bill up in first half - data 

Algeria's spending on cereal, semolina and flour imports rose 5.1 percent in the first half of 2017 from a year earlier, official figures showed on Tuesday, despite government restrictions aimed at easing pressure on state finances.Algeria is one of the world's largest grain imports, but the government has been trying to reduce purchases in a bid to cope with a sharp fall in revenues since crude oil prices started declining in mid-2014. Click here to read full stories.

Jul 26 - From the Garden of England to Poland, UK farmers look abroad after Brexit 

For 70 years, Tim Chambers' family has harvested fruit in south-east England, but after Britain's vote last year to leave the European Union he expanded into Poland and is ready to sell some of his land if a shortage of migrant workers worsens.His firm, W. B. Chambers & Son, has relied heavily on seasonal staff from eastern Europe for the past two decades as it focused on growing raspberries and blackberries that require laborious harvesting by hand. Click here to read full stories.

Jul 26 - Asia CPO Down; Export Estimate Shows Slowdown (Dow Jones)
Asian crude palm-oil prices ease as export estimates show shipments waning the past week. They rose sharply to start July, but the pullback has increased expectations that demand is starting to slow. The market could be in stasis until the Aug. 10 release of July data from the Malaysia Palm Oil Board. The Bursa Malaysia palm oil contract is down 0.6% at MYR2,611/ton.

Jul 26 - Palm-Oil Demand Seen Staying 'Relatively Weak' (Dow Jones)
Global demand for palm oil will remain "relatively weak" short-term as export taxes on Malaysian product declines and there being high supplies of edible oil in both India and China, predicts Rabobank. It adds concerns about US soybean-yield prospects could result in short-term volatility in palm-oil prices.

Jul 25 - Crop monitor cuts EU maize yield outlook on hot, dry southeast 

The European Union's crop-monitoring service sharply lowered its yield forecast for this year's EU maize harvest, citing the expected impact of heatwaves and low rainfall in the southeast of the 28-country bloc.However, the MARS service's forecasts for most other crops were little changed, having made downward revisions in its previous monthly outlook to reflect hot, dry conditions in countries such as Spain and France.  Click here to read full stories.

Jul 25 - Egypt's GASC seeks wheat for Sept. 1-10 shipment 

Egypt's General Authority for Supply Commodities (GASC) set a tender on Monday to buy an unspecified amount of wheat from global suppliers for shipment from Sept 1-10. GASC Vice Chairman Ahmed Youssef said the authority was seeking to buy cargoes of soft and/or milling wheat from the United States, Canada, Australia, France, Germany, Poland, Argentina, Russia, Kazakhstan, Ukraine, Romania, Bulgaria, Hungary and Paraguay. Click here to read full stories.

Jul 25 - Indonesia palm oil output, exports likely fell in June - Reuters survey 

Indonesia's crude palm oil output and exports likely declined in June as Ramadan celebrations in the Muslim majority country curtailed palm harvesting and processing, a Reuters survey showed.Crude palm oil (CPO) production in Indonesia, the world's top producer of the vegetable oil, likely fell to 3.2 million tonnes in June, compared to 3.38 million tonnes in May, according to the median estimate in a survey of two industry associations and a state palm research firm. Click here to read full stories.

Jul 25 - Storms in Argentina to slow last weeks of wheat sowing - crop experts 

Storms in Argentina over the coming two weeks will slow the final stages of 2017/18 wheat planting, crop weather experts said on Monday, adding that flooded areas will likely be sown with soy once the moisture evaporates later this year.Argentina's wheat-planting window ends in August. Heavy rains will make it hard for growers to plant the whole 5.4 million hectares that the highly-referenced Buenos Aires Grains Exchange has estimated will be sown with wheat this season. Click here to read full stories.

Jul 25 - Organic ranchers eye Amazon distribution ahead of Whole Foods deal 

Amazon.com Inc plans to meet on Wednesday with a dozen U.S. ranchers, seeking to expand distribution of organic and grass-fed meats as it takes over Whole Foods Market Inc, according to the meeting's organizer.Analysts and investors have speculated that Amazon is aiming to combine its expertise in order fulfilment with the grocer's facilities to build out delivery of fresh food, but the online retailer has not yet detailed its plans. Click here to read full stories.

Jul 25 - Brazil mulls foot-and-mouth vaccine change after U.S. beef ban 

Brazil may change the formula of its foot-and-mouth vaccines, the country's agriculture ministry said on Monday, a move that follows a U.S. ban on imports of fresh Brazilian beef that is linked to abscesses found on carcasses.The change is under consideration after a group of veterinary products manufacturers made a formal request to the ministry to reduce dosages to 2 ml from 5 ml, and remove a compound known as saponin from the vaccine, it told Reuters in a statement. Click here to read full stories.

Jul 25 - India's UPL explores bid for Platform Specialty agrochem unit - sources 

Indian agrochemicals producer UPL Ltd is exploring a bid of more than $4 billion for the agrochemicals business of Platform Specialty Products Corp to expand its global footprint, according to people familiar with the matter.The bid would challenge a rival offer for the unit by a private equity consortium of Blackstone Group LP  and CVC Capital Partners Ltd, the sources said on Monday. A competitive bid would be a boon for Platform Specialty and its biggest shareholder, William Ackman's hedge fund Pershing Square Capital Management LP, which owns 14.5 percent of the company. Click here to read full stories.

Jul 25 - South Africa's 2017 record maize crop to double last year's harvest 

South Africa's record maize harvest this year is expected to double last year's yield after good weather boosted production, a Reuters poll of four traders and analysts showed on Monday.The government's Crop Estimates Committee (CEC), which will provide its sixth production forecast for the 2017 crop on Wednesday, is expected to peg the harvest at 15.77 million tonnes, up 51 percent from the 7.78 million tonnes last year when an El Nino-triggered drought hit yields and plantings. Click here to read full stories.

Jul 25 - Campaign group Avaaz calls on EU to block Bayer's Monsanto deal 

Online campaigns group Avaaz has called on European Union antitrust regulators to block Bayer's purchase of Monsanto, saying it would hurt innovation and competition and push up prices.The $66 billion deal, the last of three mega takeovers in the sector, has faced criticism from environmental and agricultural groups as well as lawmakers on both sides of the Atlantic, concerned about the combined entity's market share. Click here to read full stories.

Jul 25 - Asian Palm Oil Prices Higher Ahead of Export Estimates (Dow Jones)
Asian palm oil prices are higher ahead of the release of Malaysia palm oil export estimates for the first 25 days of the month. The data are due out from cargo surveyors Intertek and SGS later in the session. Data for the first 20 days of the month showed that exports remain strong and the market will be looking to see whether this will continue for the remainder of the month. The Bursa Malaysia benchmark palm oil contract is up 26 ringgit at 2,580 ringgit a ton.

Jul 25 - Whole-Milk Powder Breaks Through Ceiling (Dow Jones)
NZX whole-milk-powder prices have breaking through US$3,200/metric ton resistance that's been in place the past 3 months was apparently the tonic to wake up the market. Gains have built since, but CBA's Tobin Gorey notes prices remain below EU levels, which last week were in a $3,400‑3,500 range. He adds that despite this rally, prices may remain moored somewhere around the $3,000 and are simply swinging around with the currents. "But we are wary of closing our mind to the chance that something else is taking prices to a new, and somewhat higher, level." The NZX 3-month whole-milk-powder contract is up 0.8% at $3,260.

Jul 25 - Potash to See Limited Recovery as Inefficient Producers Leave (Dow Jones)
The global potash industry will experience a limited recovery as remaining inefficient producers are weeded out by a subdued price outlook and a fragmented competitive landscape, says BMI Research in a note. "Countries with weak currency outlooks and state-backed potash companies, such as Russia and Belarus, will continue to gain global market share while higher-cost producers in countries such as Canada will continue to prioritise cost-cutting," BMI Research says. Potash production will likely re-embark on a slow expansion phase in the coming years, bolstered by ongoing capacity additions in North America and Eastern Europe, it adds. Potash is used predominantly as an agricultural fertiliser.

Jul 24 - India's edible oil imports to fall for 1st time in six years 

India's edible oil imports are set to fall for the first time in six years as a surge in local oilseed output cuts into overseas purchases, but intake needs to fall further to fortify the health of the market, the head of a leading importer said.The lower purchases by the world's biggest importer of vegetable oils come amid a 13 percent run-off in international crude palm oil prices this year that has also pulled down other edible oil benchmarks and kept domestic oilseed crushing in India unprofitable. Click here to read full stories.

Jul 24 - Funds playing defense with corn, soy, wheat longs -Braun 

Speculators have extended bullish bets in Chicago-traded corn and soybean futures and options even amid some of the ugliest losses of the year in the futures market.In the week ended July 18, December corn futures plunged 6 percent while November soybeans  lost 4 percent in a mostly-technical sell-off after funds had covered grain and oilseed shorts at a record clip in the week earlier.  Click here to read full stories.

Jul 24 - Brazil farm minister's family firm reaps corn subsidy 

A trading firm owned by Agriculture Minister Blairo Maggi's family has been the biggest winner from Brazil's corn subsidies this year, underscoring the tensions between the billionaire farm magnate's political responsibilities and his investments.Since the launch of corn subsidies in May, the Maggi family's trading company, Amaggi Exportação e Importação Ltda, has made 70 percent of the purchases under the so-called PEP program, according to a Reuters analysis of data from Brazilian crop authority Conab. Click here to read full stories.

Jul 24 - U.S. chicken processor profits fatten on cheap feed 

U.S. meat producers are earning some of the highest profit margins in more than a decade, a bright spot for investors in agriculture, where grain farmers and trading companies are struggling to make money after years of massive oversupply.Profits have soared and share prices are close to record highs for chicken processors such as Sanderson Farms and Pilgrim's Pride. With another bumper grain harvest expected this year, prices for feed should stay low. That, combined with robust demand for protein, could keep profits strong well into 2018. Click here to read full stories.

Jul 24 - Drought fuels 11-year high in U.S. June feedlot cattle placements 

Ranchers placed 16.1 percent more cattle in U.S. feedlots last month than in June 2016, making it the most for the month in more than a decade, the U.S. Department of Agriculture reported on Friday.Good profits for feedlots in June allowed them to buy more calves for fattening for sale to packing plants, said analysts. Click here to read full stories.

Jul 24 - Iraq expects to produce 250,000 tonnes of rice in 2017 season 

Iraq's Agriculture Ministry said on Saturday it expected to produce 250,000 tonnes of rice in the 2017 season.The figure suggests gap to be filled by imports of about 1 million tonnes, as demand annually stands at between 1 million to 1.25 million tonnes, according to government sources. Click here to read full stories.

Jul 24 - Britain to link future farm support to environmental benefits 

Future financial support for British farming would be linked to environmental benefits rather than land ownership, government minister Michael Gove said on Friday.Britain is set to overhaul its farm policy after it leaves the European Union and for the first time in decades the nation's farmers will have to compete directly for funds with departments such as health and education. Click here to read full stories.

Jul 24 - Cotton futures end down; post biggest weekly rise since early-Feb 

ICE cotton futures slipped on Friday, but marked their biggest weekly percentage rise since early February on a higher demand for the natural fiber.The December cotton contract on ICE Futures settled down 0.56 cent, or 0.81 percent, at 68.42 cents per lb. It traded within a range of 67.51 and 69.2 cents a lb. Click here to read full stories.

Jul 24 - Asian Palm-Oil Prices Follow Soybeans Lower (Dow Jones)
Asian palm-oil prices slide to start the week after Friday weakness in US soybean prices. Market focus will be on tomorrow's release of Malaysia palm-oil exports; the question is whether strong shipments seen to start the month are sustainable. The Bursa Malaysia benchmark palm-oil contract is down 1% at MYR2,549/ton.

Jul 24 - Despite Higher Output, India Wheat Imports to Rise (Dow Jones)
Despite record wheat production, India is expected to step up overseas purchases amid growing demand and cheaper global prices. "India is expected to import up to 4 million tons of wheat" this FY, "depending on how monsoon rains progress," says Rajiv Yadav at wheat-trading body COFCO Agri. Imports were half that level this past year. He notes millers have already signed contracts for about 300,000 tons of wheat with Ukrainian suppliers. India, the world's second-biggest producer of wheat after China, has large stockpiles--but not all of it is of high quality, necessitating imports to cater to businesses such as bakeries and restaurants. India produced a record 96.6 million tons of wheat this past year. 4.7% more than a year earlier.

Jul 21 - Asian CPO End Tad Lower on Weakness in Rival Oils (Dow Jones)
Asian crude palm oil futures prices fell Friday, ending gains in 2 previous sessions as losses in rival soy oil weighed. "There was some profit-taking amid softening" of soy oil prices on the Chicago Board of Trade and palm olein on China's Dalian Commodity Exchange, notes a Kuala Lumpur-based trader. Adding to investors' woes are worries about a rise in palm oil production. David Ng of Philip Futures sees prices rangebound between MYR2480/ton ($578.9) and MYR2620/ton ($611.5). The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange ended MYR4 lower at MYR2,572/ton.

Jul 21 - China agrees to allow imports of U.S. rice for first time - USDA

China officials have agreed to allow imports of U.S. rice for the first time ever, U.S. Department of Agriculture Secretary Sonny Perdue said on Thursday. The move would give U.S. farmers access to the world's biggest rice consumer, with China importing about 5 million tonnes last year, Perdue said in a statement. Click here to read full stories.

Jul 21 - Bunge lays out case for independence in restructuring

Global grain trader Bunge Ltd's cost cutting and restructuring plans could buy it time in the face of a takeover bid from a larger rival as it struggles to stay independent during a slump in the commodities market, analysts said. The moves seek to reduce overhead costs by $250 million by the end of 2019. They were designed to withstand the three-year downturn in commodities that has crushed profits at companies that buy, sell and process grains and oilseeds. Click here to read full stories.

Jul 21 - Italy demands origin labels for pasta and rice

All packets of pasta and rice sold in Italy will have to include labels of origin showing where the produce was grown, the government ruled on Thursday, in a move it said was aimed at protecting local farmers. The agriculture and industry ministers signed a decree ordering the new labelling policy, saying it would run in an experimental fashion for two years, and criticising the European Union for not introducing the measure across the 28-nation bloc. Click here to read full stories.

Jul 21 - Argentina slashes 2016-17 soy harvest outlook to 55 mln tonnes

Argentina's agriculture ministry slashed its outlook for the 2016-17 soy harvest to 55 million tonnes in its monthly crop report published Thursday, down from its previous estimate of 57 million tonnes harvest. That was primarily due to a larger-than-expected corn planted area, the ministry said. The ministry boosted its outlook for the 2016-17 corn harvest to 49.5 million tonnes versus 47.5 estimated previously. Click here to read full stories.

Jul 21 - EU 2017/18 wheat exports reach 460,000 T, by July 18 - official data

The European Union exported 460,000 tonnes of soft wheat in the July 1-18 period of the current 2017/18 season, down from 1.4 million tonnes in the same period a year ago, official data showed on Thursday. In the latest reporting week, the EU exported 189,000 tonnes of soft wheat, on the basis of a revised week-earlier total of 271,000 tonnes, the data showed. Click here to read full stories.

Jul 21 - Asian Palm Oil Consolidating After Recent Gains (Dow Jones)
Asian palm-oil prices are consolidating today following their rally after export estimates from cargo surveyor Intertek showed strong growth palm oil exports had held up strongly so far this month. But further gains are liable to be capped by market expectations that production has started to pick up strongly. The Bursa Malaysia benchmark palm-oil contract is flat at MYR2,576/ton.

Jul 21 - Australia's Wheat Production Likely Lower Than Forecast (Dow Jones)
Australia's 2017/18 wheat production will likely be lower than earlier expected, due to poor seasonal conditions across almost all cropping areas, says the US Department of Agriculture in a note. "While soil moisture was sufficient in most areas for early crop development, timely and sufficient rainfall is now necessary in mid to late winter and spring to achieve average yields." It adds these conditions have already contributed to a fall in harvested area of around 3% for wheat and barley. The USDA is forecasting a 2017/18 crop of 22 million metric ton, which is below last year's record harvest of 35 million metric ton.

Jul 20 - Asian CPO Ends Higher on Stronger Export Demand (Dow Jones)
Asian crude palm oil price futures ended Thursday's trading session higher on robust export performance. Malaysia's palm oil exports between July 1-20 rose 10.5% on month to 796,664 metric tons, according to cargo surveyor Intertek Agri Services. "Stronger seasonal demand will keep the market sentiment up," says David Ng of Philip Futures in Kuala Lumpur. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange ended up MYR52 ($12.1) at MYR2,577/ton.

Jul 20 - U.S. corn yield and carryout are not reduced one-to-one – Braun

It seems likely that U.S. corn yield will fall below the government forecast of 170.7 bushels per acre, and even though a smaller harvest would shrink the burdensome carryout, the effect may be lighter than one might expect. Analysts and traders are convinced that the U.S. Department of Agriculture will reduce its projection for U.S. corn yield when the agency releases its first survey-based yields on Aug. 10. Imperfect weather thus far has sent crop health ratings to a five-year low, and forecasts have not yet rid themselves of damaging heat and dryness. Click here to read full stories.

Jul 20 - Activist fund Elliott adds potash to list of BHP grievances

Activist shareholder Elliott Management said it has deep concerns over a proposal by BHP to enter the currently over-supplied fertiliser market, reiterating its call for change at the mining giant. BHP has signaled it may push ahead with its long-dormant Jansen potash mine in Canada in a counter-cyclical play to capture part of what it sees as a $50 billion-a-year market by the mid 2040s. Click here to read full stories.

Jul 20 - Bunge overhaul is latest shake-up for struggling grain sector

Global grain trader Bunge Ltd's sweeping plans to overhaul its business and cut costs may not be enough to compensate for weak earnings and could still leave it vulnerable to a new bid from diversified rival Glencore PLC. Bunge, the smallest of the listed global grains traders, rebuffed a bid from Glencore in May but its admission on Wednesday that second quarter earnings would disappoint has opened up the possibility that Glencore might make another approach, analysts said.  Click here to read full stories.

Jul 20 - Rising global potash demand puts India's buyers on the back foot as contract talks start

Improved global demand for potash, a widely used fertilizer, will likely lead to India signing more costly import contracts in 2017 than last year, even as the country's demand is set to drop after the government reduced farmer's subsidies in April. Potash contracts signed by India, one of the world's top buyers of the crop nutrient, help set the global benchmark along with buying by China, the world's biggest consumer. Their contract prices are closely watched by other regional buyers Malaysia and Indonesia. Click here to read full stories.

Jul 20 - Wheat farms in Brazil's Paraná hit by new frost

Two consecutive days of frost in Paraná have damaged wheat crops in the western area of the Brazilian state, the government's rural economics agency Deral said on Wednesday. The extent of the damage will be assessed in about a week, Carlos Hugo Godinho, an analyst at Deral, told Reuters in a telephone interview. Click here to read full stories.

Jul 20 - France launches field-to-fork food debates

France, widely seen as a country synonymous with good food, will launch on Thursday a wide set of debates on the sector ranging from field to fork and aimed at improving farm incomes and the industry's environmental record. The debates, promised by President Emmanuel Macron during his campaign, come as farmers of the European Union's largest farm producer grapple with low prices and animal health crises while food manufacturers complain about taxes and red tape. Click here to read full stories.

Jul 20 - Argentina's 2016-17 corn harvest to reach 49 mln tonnes - minister

Argentina's 2016-17 corn harvest will reach a record 49 million tonnes, Agriculture Minister Ricardo Buryaile said on Wednesday, which would be higher than the government's most recent official estimate for a 47.5 million tonne harvest. "I want to announce that we are going to have the largest corn harvest in history, 49 million tonnes," Buryaile said on Twitter. Click here to read full stories.

Jul 20 - Egypt agricultural exports up 12.1 pct in first half 2017

Egypt's agricultural exports rose 12.1 percent during the first half of 2017, reaching 3.5 million tonnes compared to 3.1 million last year, agriculture ministry spokesman Hamid Abdel Dayim said on Wednesday. Egypt's agricultural exporters have seen a surge in demand since the country floated its currency last November, allowing it to roughly halve in value as part of reforms tied to a three-year $12 billion International Monetary Fund loan agreement. Click here to read full stories.

Jul 20 - Iraq says bought 3.1 mln tonnes of local wheat so far in 2017 season

Iraq bought 3.1 million tonnes of local wheat so far in the 2017 season, which is expected to end mid-August, an agriculture ministry official told Reuters on Wednesday. The country is expected to reach its production target of 3.65 million tonnes of wheat this year, spokesman Hamid al-Nayif said. Click here to read full stories.

Jul 20 - CPO Curve Remains in Backwardation (Dow Jones)
Asian palm-oil futures remain in steep backwardation as production globally rebounds, which Capital Economics says is leading the market to expect more supplies in coming months. But it sees prices remaining relatively stable as production improves, with futures the next 2 years reasonably steady.

Jul 20 - Bunge to Use Zero-Based Budgeting for Deep Cuts (Dow Jones)
  Bunge, seeking to revamp its cost structure, will take a page from other food companies in adopting zero-based budgeting, which requires executives to justify spending plans from scratch each year. The company says its anticipated $250M in annual cost will come from simplifying its organizational structure, streamlining processes and consolidating back office functions, and that sum would work out to about one-fifth of BG's selling, general and administrative expenses for 2016. BG says the savings will improve profitability as the the agriculture industry emerges from a deep decline. Since the end of 2013, BG's shares have declined 4%, while the S&P 500 has gained one-third.
  The grain trader doesn't report until Aug. 2, but it's looking to get ahead of what investors have expected would be a tough quarter, which BG officials attribute to "unprecedented" refusal by Brazilian farmers to market crops to grain companies and other challenging conditions. Also on BG investors' minds: rival commodity firm Glencore's confirmation in May that it approached BG about a deal. BG falls 3.4% to $76 in after-hours trading.

Jul 19 - Asian CPO Ends Higher Amid Gains in Competing Oils (Dow Jones)
Asian crude palm oil futures wiped out early losses to end Wednesday's trading session higher, following price gains in rival soy oil. Expectations of improved exports have also kept investors optimistic about the outlook, analysts say. Cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd. are scheduled to release tomorrow the export estimates for the first 20 days of July. But the possibility of higher palm oil production pushing up Malaysian inventories could be a drag, says David Ng of Philip Futures in Kuala Lumpur. He expects prices to trade between MYR2454/ton ($572.5) and MYR2570/ton ($599.5). The benchmark palm-oil contract for October delivery on the Bursa Malaysia Derivatives Exchange ended 10 ringgit
higher at MYR2,523 a metric ton.

Jul 19 - Asian Palm Oil Lower as Output Expectations Rise (Dow Jones)
Asian palm-oil prices are lower as expectations of production picking up in both Malaysia and Indonesia likely weigh, says a Kuala Lumpur-based trader. He notes estimates of rising Malaysian exports so far this month have surprised, and he'll be watching to see whether the pace can be maintained. The Bursa Malaysia benchmark palm-oil contract is down 0.7% to MYR2,496/ton.

Jul 19 - China's Dairy Cow Herd to Fall By 6% This Year (Dow Jones)
China's dairy cow herd is expected to fall by 6% in 2017 although yields will likely improve due to consolidation and improved genetics, says the US Department of Agriculture in a note. "Milk prices are anticipated to improve this year which coupled with lower feed cost particularly for corn silage are anticipated to favor higher milk production." It adds that it expects milk production to be 35.5 million tons and down 1% from 2016. Furthermore, it adds that imports of fluid milk by China are down 15% on year "as domestic demand appears to be reaching saturation levels in major cities."

Jul 19 - Butter Prices Hit New Record High At Dairy Auction (Dow Jones)
Butter prices hit a new record at the Global Dairy Trade auction overnight and are now over US$6000 a metric ton. "While butter prices will eventually fall, generally higher butter or milk fat prices are here to stay," says Nathan Penny at ASB Bank in New Zealand. He notes that demand has fundamentally shifted higher as consumers now accept that butter is no longer bad for you. Butter prices are up 3.4% in the auction at US$6,004 a metric ton.

Jul 19 - Global buyers of quality wheat face disappointment in Canada

Buyers looking to Canada for high-quality wheat to make bread as drought roils output in the northern United States may be thwarted, as dry weather has also hit crops there. Wheat plants with the high protein content needed to bake bread have shrivelled in the United States, one of the world's top exporters, creating a rare tight spot in a world awash with grain after four years of bumper harvests. Click here to read full stories.

Jul 19 - Malaysia's 2017 palm output seen below record 2015 levels - industry

Malaysia's palm oil output is on track to rebound this year after an El Nino-affected 2016, but will miss earlier forecasts that it could match 2015's record high, according to traders, planters and analysts. Leading analysts and industry figures in March forecast 2017 output in the world's second largest producer after Indonesia at 19.9 million to 20 million tonnes, in line with 2015's 19.96 million tonnes.  Click here to read full stories.

Jul 19 - Syria 2017 wheat crop up 12 pct to 1.8 mln tonnes - U.N. agencies

Syria's 2017 wheat crop has slightly improved to 1.8 million tonnes, 12 percent higher than last year's record low, but less than half of pre-war production averages, two United Nations agencies said on Tuesday. The Syrian agriculture ministry's wheat production forecast puts the 2017 crop higher at 2 million tonnes. Officials, traders and farmers told Reuters earlier in July that figure was grossly inflated.  Click here to read full stories.

Jul 19 - Ukraine has harvested 10 mln tonnes of grain so far - ministry

All Ukraine's regions have started the 2017 grain harvest, threshing about 10 million tonnes so far with an average yield of 3.26 tonnes per hectare, the agriculture ministry said on Tuesday. Farmers had harvested 3.1 million hectares of grain as of July 18, the ministry said in a statement. Click here to read full stories.

Jul 19 - Brazil's wheat farms in Paraná hit by a frost, govt says

Brazil's largest wheat producing region, the state of Paraná in the south of the country, was hit by a frost on Tuesday, according to the state's rural economic department, Deral. Any potential damage to the crop will only be possible to assess in about a week, Carlos Hugo Godinho, an analyst at the Deral, told Reuters in a telephone interview. He said the frost occurred mainly between the towns of Campo Mourão and Cascavel. Click here to read full stories.

Jul 19 - China's Kingenta building service centres to boost fertiliser sales

Chinese fertiliser-maker Kingenta will build around 1,000 service centres in China to boost sales of compound fertilisers and other agricultural products, it said on Tuesday. China is the world's top fertiliser consumer, and the move comes as Beijing tries to cap the growth in traditional fertilisers and pesticides that have caused severe pollution. Click here to read full stories.

Jul 19 - Alabama finds atypical mad cow case, no human threat seen

An 11-year-old cow in Alabama tested positive for bovine spongiform encephalopathy (BSE), commonly known as mad cow disease, the U.S. Department of Agriculture said on Tuesday. The cow tested positive for the atypical L-type of BSE after exhibiting clinical signs at an Alabama livestock market, the USDA said in a press release. Atypical BSE can arise spontaneously in cattle herds, usually in animals 8 years old or older. Click here to read full stories.

Jul 19 -  Prix du lait: 330 €/1 000 l pour les producteurs de Lactalis
  Dans un communiqué daté du 17 juillet 2017, l’Union nationale des éleveurs livreurs Lactalis (Unell) annonce l’obtention d’un prix moyen garanti de 330 €/1 000 l pour le troisième trimestre de 2017.
  « C’est notre premier accord de prix obtenu avec Lactalis », affirme Claude Bonnet, président de l’Unell. Alors que les discussions sur le prix étaient engagées depuis le début de juillet, un compromis a été trouvé le 17 juillet dernier entre l’industriel et l’association d’organisations de producteurs.
  Dans son communiqué, l’Unell annonce l’obtention d’un prix de base moyen de 330 €/1 000 l pour le troisième trimestre de 2017 (TB 38, TP 32), flexibilité déduite. Il est réparti de la manière suivante : 320 € pour juillet, 330 € pour août et 340 € pour septembre. « Nous préférons communiquer le prix du lait standard que les producteurs connaissent bien, et sur lequel ils peuvent se comparer », précise Claude Bonnet.
  De son côté, Lactalis a annoncé un prix moyen payé aux producteurs de 350 €/1 000 l (TB 41, TP 33), toutes primes comprises et toutes qualités confondues. Il est réparti de la manière suivante : 340 € pour juillet, 350 € pour août et 360 € pour septembre. « Les primes AOP et le lait biologique ne sont pas pris en compte dans les prix annoncés », complète Michel Nalet, directeur de la communication chez Lactalis.
  « Des augmentations de tarifs auprès de la grande distribution doivent nécessairement accompagner l’évolution positive des marchés », précise l’Unell, dans son communiqué. Daniel Jaouen, directeur général du groupe Lactalis, soutient que « tous nos produits doivent être concernés, que ce soient nos marques nationales ou les marques de distributeur, et sur tous les réseaux de distribution ».
  Enfin, s’agissant du prix payé aux producteurs, l’Unell souhaite reconduire cette négociation trimestrielle avec Lactalis. « Nous souhaitions un travail trimestriel sur le prix, le compromis obtenu est un premier pas. Nous voulons reconduire cette pratique pour le dernier trimestre de 2017 », indique Claude Bonnet. « Les prochaines discussions de prix pour la fin de l’année seront liées aux efforts que voudront bien consentir nos clients distributeurs », conclut Michel Nalet, de Lactalis.

Jul 18 - Hot, dry weather threatens global supply of top-quality wheat

Droughts are shrivelling high-quality wheat crops across the globe, sending prices to multi-year highs as bread makers scramble for supplies. High-protein wheat has emerged as the one tight spot in a global grains market swamped with abundant stocks after four years of bumper harvests. Click here to read full stories.

Jul 18 - DuPont, Monsanto urge transparent GMO crop reviews in China

Global seeds giants have called for transparent, science-based approvals processes for new crop types after China approved two more genetically modified (GMO) crops for import, but left four others on the waiting list. China on Monday approved Syngenta's 5307 insect-resistant corn sold under the Agrisure Duracade brand and Monsanto's 87427 glyphosate-resistant corn, sold under the Roundup Ready brand, for a period of three years. Click here to read full stories.

Jul 18 - U.S. dairy lobby increases pressure on Canada; NAFTA fight looms

The U.S. dairy lobby is ratcheting up the pressure on Canada as talks to renegotiate NAFTA draw closer, demanding concessions the Canadian government looks unwilling to grant, according to people familiar with the file. The result could be a brawl that sours efforts to modernize the North American Free Trade Agreement, under which Canada sends most of its exports to the United States. Mexico is the pact's third member. Click here to read full stories.

Jul 18 - U.S. says no timeline to restore Brazil beef imports

Brazil needs to make progress on inspections before any timeline can be set to end a U.S. ban on imports of fresh Brazilian beef, the U.S. agriculture secretary said on Monday. Agriculture Secretary Sonny Perdue and his Brazilian counterpart Blairo Maggi met in Washington, D.C., on Monday to discuss the ban that went into effect on June 22. The United States has said a high percentage of beef shipments from Brazil did not pass safety checks. Click here to read full stories.

Jul 18 - Brazil corn exports up sharply through mid-July

Brazilian corn exports rose sharply in the first two weeks of July as key producing states like Mato Grosso continued harvesting their second planting of the crop, according to government trade data released on Monday. The country exported some 820,000 tonnes of corn in the period, or an average of 81,900 tonnes over 10 working days, representing a 65 percent rise in daily volumes from the comparable period of last year. Click here to read full stories.

Jul 18 - NOPA June soybean crush smaller than expected at 138.074 mln bu

The pace of U.S. soybean processing in June fell below a range of analyst expectations and came in lower than a year ago, the National Oilseed Processors Association said on Monday. NOPA said that its members crushed 138.074 million bushels during June, down from 149.246 million bushels in May. A year ago, the June crush was 145.050 million bushels. Click here to read full stories.

Jul 18 - LCH.Clearnet ups late netting fees on Euronext commodity futures

LCH.Clearnet, the clearing house for the Euronext commodity exchange, will increase its fees on futures contracts that still have an open interest 15 days before expiry to improve market visibility, a document seen by Reuters showed on Monday. The move comes after the closing on Euronext's milling wheat futures repeatedly showed relatively large open interest soon before the contract's expiry. Click here to read full stories.

Jul 18 - France's Avril says output resumes at crushing plant after fire

French oilseed group Avril said on Monday it has resumed output at its Grand-Couronne crushing unit, the largest in France, after a fire in late June, with full capacity expected to be reached next week. "From next weekend the entire activity will be back to normal, at the output level before the fire," an Avril spokesman said. Click here to read full stories.

Jul 18 -  Phytos/Biocides: 1 600 produits susceptibles d’être perturbateurs endocriniens (AFP France Agricole)
  Dans un objectif d’information aux utilisateurs et de transparence, le gouvernement a publié deux listes de produits phyto et de biocides susceptibles de perturber le système hormonal des humains.
  Deux listes de produits susceptibles de contenir des perturbateurs endocriniens (PE) ont été mises en ligne sur les sites des ministères de la Transition écologique et de l’Agriculture le 14 juillet 2017. http://agriculture.gouv.fr/sites/minagri/files/liste_ppp.pdf

  Non exhaustives et provisoires (1), elles contiennent les noms commerciaux et renseignent sur la fonction générale d’environ un millier de biocides pour l’une (insecticides pour la maison, produits de protection du bois ou pour l’hygiène vétérinaire), et près de 600 produits phyto (fongicides, herbicides, insecticides) pour l’autre. Les produits listés « contiennent au moins une des substances identifiées par la Commission comme perturbateur endocrinien ».
  Cette publication fait suite à l’adoption, au niveau européen, d’une définition des PE, le 4 juillet dernier.
  Elle marque la volonté du gouvernement (ministères de la Santé, de l’Agriculture et de la Transition écologique) de donner davantage d’information et de renforcer la transparence sur les produits phytosanitaires et les biocides. Ainsi, dans l’attente de l’entrée en vigueur concrète de l’exclusion européenne, les citoyens, agriculteurs et professionnels peuvent orienter leurs choix d’achat.
  Présents dans les pesticides, mais aussi de nombreux produits de la vie quotidienne (cosmétiques, peintures, jouets, contenants alimentaires, etc.), les PE dérèglent les fonctions du système hormonal, nuisant à la santé et la reproduction des populations, y compris à de très faibles niveaux d’exposition.

Jul 18 - Indonesia CPO Stocks Fall 30% in May on Month (Dow Jones)
Indonesia crude palm oil stocks fell 30% in May from a month earlier, even as production rose 8% and was at its highest level in 2017, according to the Indonesian Palm Oil Association, or Gapki. The data show the fall in stocks is due to a slight pickup in domestic consumption and ongoing strong exports. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange ended Monday's session down 14 ringgit at MYR2,537/ton.

Jul 18 - Asia Pacific Milk Prices to Stay Supported in 2H17 and 2018 (Dow Jones)
Dairy prices in Asia Pacific will remain supported in the 2H17 and 2018 but "most of the upside in prices is now behind us," says BMI Research in a note. "Global production will be stronger in the 2017/18 season, following a couple years of production declines in key supplying markets, especially in New Zealand." It adds production in New Zealand has already started its recovery and output is expected to grow by 2.6% in 2017/18 after 2 years of declines. Furthermore, BMI Research notes that China's import demand will be stronger in the coming quarters but this will not be enough to significantly increase global consumption. The NZX whole milk powder front month contract is currently trading up US$10/ton at US$3,130/ton.

Jul 18 - Thai Rice Prices on the Decline as Demand Wanes (Dow Jones)
Thai rice prices continue to decline and are now back to levels seen in mid-May, before foreign demand caused prices to spike, says the US Department of Agriculture. It notes that demand seems to have fallen as traders and foreign buyers are reportedly waiting to see whether the government's sale of 2.6 million metric tons of rice will be allowed to go ahead. Thai rice export prices were down between 2% and 5% in the week ended July 11.

Jul 17 - Asian CPO Prices End Lower on Production Worries (Dow Jones)
Asian crude palm oil price futures reversed early gains to end Monday's trading session a bit lower, draggedby concerns of a rise in production. The market was higher earlier, tracking gains in competing soy oil prices and improved export demand. Malaysia's palm oil exports during July 1-15 were up 17.6% on month at 615,671 metric tons, says cargo surveyor SGS (Malaysia) Bhd. However, worries of higher palm oil production in July kept most investors on the sidelines. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange ended down MYR12 ($2.8) at MYR2,539/ton.

Jul 17 - One of worst droughts in decades devastates South Europe crops

Italian durum wheat and dairy farmer Attilio Tocchi saw warning signs during the winter of the dramatic drought to come at his holding a mile away from the Tuscan coast. "When it still hadn't rained at the beginning of spring we realised it was already irreparable," he said, adding that he had installed fans to try and cool his cows that were suffering in the heat. Click here to read full stories.

Jul 17 - Malaysia, Indonesia may take EU plan to curb palm oil imports to WTO

Malaysia and Indonesia plan to raise the prospect of European Union curbs on the imports of palm oil with the World Trade Organisation, both countries said in a joint statement on Sunday. A resolution by the European Parliament in April called for the EU to phase out by 2020 the use of vegetable oils in biodiesel that are produced in an unsustainable way leading to deforestation. Click here to read full stories.

Jul 17 - Record short-shedding turns funds into corn, soy, wheat bulls – Braun

Hedge funds and other money managers pulled off their largest ever round of short-covering combined across Chicago-traded grains and oilseeds last week, turning speculators into bulls for the first time this U.S. growing season. Speculators have never gotten away with being net bearish corn, hard and soft red winter wheat, soybeans, soybean oil and meal, and Minneapolis-traded spring wheat through the entire U.S.  Click here to read full stories.

Jul 17 - China pork prices to rise but significant jump unlikely - ag ministry

China's pork prices will gradually pick up as upcoming holidays boost demand amid a slow recovery of pig herds, a Chinese agriculture ministry official said in a briefing on Monday.  Pig stocks have recovered but at a slow pace, as small-scale farmers left the business and environmental standards and land costs rise, Wang Ping, deputy director of the agriculture ministry's market department, told reporters. Click here to read full stories.

Jul 17 - Britain's wheat area down 3 percent - AHDB survey

Britain's wheat area is estimated to have contracted by 3 percent this year to 1.76 million hectares, according to a survey issued by the Agriculture and Horticulture Development Board on Friday. "The largest reductions were reported in the eastern regions of England, where black-grass remains a key challenge," the AHDB said, referring to one of the most difficult to control and widespread weeds in arable crops. Click here to read full stories.

Jul 17 - NOPA June U.S. soy crush seen at 143.093 mln bushels -survey

U.S. June soybean crushings were expected to be the second-biggest ever for the month, although down 1.3 percent from the June 2016 pace. Analysts were expecting a June crush of 143.093 million bushels, according to the average of seven estimates given in a Reuters survey. NOPA reported a crush of 145.050 million bushels for June 2016. Click here to read full stories.

Jul 17 - Ukraine grain harvest totals 6.5 mln tonnes so far - ministry

All Ukrainian regions have started the 2017 grain harvest, threshing 6.5 million tonnes of grain with an average yield of 3.18 tonnes per hectare, the agriculture ministry said on Friday. Farmers have harvested 2.0 million hectares of grain as of July 14, the ministry said in a statement.

Jul 17 - Asian CPO Opens Up on Stronger Export Demand (Dow Jones)
Asian crude palm oil price futures open higher Monday, led by investor confidence on robust export performance. Malaysia's palm oil exports during the July 1-15 period are estimated to have risen 17.8% from the preceding month to 599,414 metric tons, cargo surveyor Intertek Agri Services said on Saturday. Another surveyor, SGS (Malaysia) Bhd., is tipped to issue its estimates later today. "Exports may rise further as top buyer China gears up purchases in line with seasonal buying," says David Ng of Philip Futures in Kuala Lumpur. The benchmark palm oil contract for the new October delivery on the Bursa Malaysia Derivatives Exchange is trading 18 ringgit higher at MYR2,569/ton. It opened at MYR2,560/ton.

Jul 17 - Fight on EU Plan to Curb Palm-Oil Imports Persists (Dow Jones)
Fresh from announcing it may consider trade measures in response to France's plan to curb palm-oil use in biofuel, Malaysia says it and Indonesia are planning to raise the prospect of EU curbs on palm-oil imports with the WTO. The Southeast Asia countries will meet later this month to "discuss and coordinate" palm-oil issues, including organizing a joint mission to Europe to "engage with relevant parties and stakeholders." The impact of France's decision alone to restrict palm-oil usage in biofuels won't affect Malaysia and Indonesia much as exports there are quite small versus the whole of the EU. The fear lies in others following suit. Indonesia and Malaysia are the world's two-biggest producers of palm oil.

Jul 14 - China signs second-largest deal for U.S. soybeans 

A delegation of commodity importers from China signed agreements on Thursday to buy 12.53 million tonnes of U.S. soybeans and 371 tonnes of U.S. beef and pork even as President Donald Trump warned about issuing trade sanctions against the country. The total value of the combined soybean and meat deals was set at $5.012 billion by the U.S. Soybean Export Council. The beef deal came just weeks after China reopened its market to U.S. supplies after a 14-year ban. Click here to read full stories.

Jul 14 - U.S. farm lobby turns up heat on Trump team as NAFTA talks near 

With talks to renegotiate the NAFTA trade pact just weeks away, U.S. farm groups and lawmakers from rural states are intensifying lobbying of President Donald Trump's administration with one central message: leave farming out of it. Trump blames the North American Free Trade Agreement - the "worst trade deal ever" in his words - for millions of lost manufacturing jobs and promises to tilt it in America's favor. Click here to read full stories.

Jul 14 - Brazil highway protests threaten grain exports from northern ports

Brazil's oilseeds industry group Abiove on Thursday said cancellation of contracts to ship grains including soy and corn through the northern port of Barcarena is "inevitable" after protests blocking a key highway. The blockade, which began more than a week ago at the BR-163 highway, is preventing trucks from unloading grains at the riverside hub of Miritituba, from where barges carry crops to Barcarena and Santarém ports before hitting export markets. Click here to read full stories.

Jul 14 - JBS gets nod from Brazil court to divest assets 

JBS SA has received permission from a Brazilian appeals court to sell assets as the world's largest meatpacker copes with fallout from a corruption scandal involving the family that controls it. In a statement on Thursday, JBS said it had learned that Brazil's Regional Federal Court of the 1st Region overturned a ruling blocking the $300 million sale of a South American unit to rival Minerva SA. Newspaper O Estado de S. Paulo reported the news earlier in the day. Click here to read full stories.

Jul 14 - Tennessee restricts use of Monsanto pesticide as problems spread 

Tennessee on Thursday imposed restrictions on the use of dicamba, a flagship pesticide for Monsanto Co, becoming the fourth state to take action as problems spread over damage the weed killer causes to crops not genetically modified to withstand it. Dicamba is sprayed by farmers on crops genetically modified to resist it but it has drifted, damaging vulnerable soybeans, cotton and other crops across the southern United States. Farmers have fought with neighbors over lost crops and brought lawsuits against dicamba producers. Click here to read full stories.

Jul 14 - USDA may need to lift old-crop U.S. corn exports: Braun

The U.S. Department of Agriculture gave old-crop U.S. wheat and soybean exports a boost in its monthly supply and demand report on Wednesday, but corn perhaps should have joined the ranks. USDA has left its estimate for 2016/17 U.S. corn exports unchanged at 2.225 billion bushels (56.52 million tonnes) since last October. But overseas demand for the yellow grain has been exceptional in recent months, setting the bar fairly low for the remaining three months of the year. Click here to read full stories.

Jul 14 - Strategie Grains cuts EU harvest outlook again after heatwave

Searing heat in the past month has led Strategie Grains analysts to make further cuts to their forecasts for European Union wheat, barley and maize production this year. In a monthly report on Thursday, the consultancy projected the 2017 EU soft wheat crop at 140.7 million tonnes, down almost 1 million tonnes from its previous estimate and now only 3 percent above last year's low level after the worst French harvest in three decades. Click here to read full stories.

Jul 14 - Cargill reports higher profit on strong meat demand 

Global commodities trader Cargill Inc reported a much higher quarterly net profit on Thursday, citing strong demand for beef and poultry and solid U.S. grain exports even as robust grain production posed a challenge. The privately held company, which is in the second year of a restructuring, said results were higher in each of its four business segments and revenue hit a two-year high. Click here to read full stories.

Jul 14 - EU 2017/18 soft wheat exports 217,000 tonnes by July 11 

The European Union exported 217,000 tonnes of soft wheat from July 1-11, down from 863,000 tonnes in the year-earlier period, official data showed on Thursday. The EU also exported 93,000 tonnes of barley over the same period, against 98,000 tonnes a year ago, while maize imports came to 312,000 tonnes compared with a year-earlier 335,000 tonnes, the data published by the European Commission showed. Click here to read full stories.

Jul 14 - EU rapeseed crop looking good despite bad weather 

The European Union will harvest a large rapeseed crop this season despite plants suffering extreme weather from drought to heatwaves and then too much rain, experts said on Thursday. "The crop is looking decent despite the weather extremes and I would expect the EU's rapeseed imports in the new 2017/18 season will be cut by about 500,000 tonnes to around 4 million tonnes," one rapeseed trader said. Click here to read full stories.

Jul 14 - no report available due to French National holiday, Bastille Day.

Jul 13 - USDA forecasts spring wheat harvest at lowest since 2002 

U.S. spring wheat production will fall to a 15-year low, the government said on Wednesday, as crop development in top production state North Dakota has been crippled by searing heat and scant rains throughout June and July. The U.S. Agriculture Department also raised its corn and soybean harvest forecasts despite a late start to planting and colder-than-usual temperatures during the spring that raised concerns about crop health. Click here to read full stories.

Jul 13 - China soy imports lower than expected in June, drop from May 

China's soybean imports dropped from the month before to 7.69 million tonnes in June, below market expectations due to plentiful stocks at crushers and a change in taxes, Reuters calculations based on customs data showed. That volume was down 20 percent from a record 9.59 million tonnes in May, but up 1.7 percent from 7.56 million tonnes in June last year, figures from the General Administration of Customs of China showed.  Click here to read full stories.

Jul 13 - Brazil poised to export near-record corn volume this season 

Bolstered by a bumper winter crop, Brazil ispoised to export near-record volumes of corn this year, remaining a strong competitor against the United States and Argentina in global markets. The attractiveness of Brazil's corn to growers is amplified by government auctions guaranteeing a premium to market prices, depressed because of ample supplies. Click here to read full stories.

Jul 13 - FranceAgriMer nudges up wheat stocks estimate, reassures on crop weather 

Farm office FranceAgriMer raised its estimate of French soft wheat stocks, with an upward supply revision outweighing higher exports within the European Union, confirming the EU's top wheat grower had maintained ample stocks despite a poor 2016 crop. In monthly supply and demand data published on Wednesday, FranceAgriMer pegged soft wheat stocks, excluding on-farm inventories, at the end of the 2016/17 season on June 30 at 2.8 million tonnes, compared with 2.7 million expected last month. Click here to read full stories.

Jul 13 - Brazil and U.S. farm officials to discuss beef shipments on Monday 

Brazil's Agriculture Ministry on Wednesday said it had confirmed a meeting between Agriculture Minister Blairo Maggi and U.S. Agriculture Secretary Sonny Perdue on Monday to discuss Brazilian meat exports to the United States. Maggi has been pressing for the meeting, announced in a note posted to the ministry's website, since the United States blocked imports of fresh Brazilian beef in June due to what the U.S.  Click here to read full stories.

Jul 13 - Egypt to halt flour subsidy and cut wheat imports by up to 10 pct 

Egypt, the world's largest wheat buyer, will stop subsidising flour for its sweeping bread subsidy programme next month in a move expected to cut wheat imports by up to 10 percent by curtailing smuggling, the supply ministry said on Wednesday. Egypt is looking to tighten its finances as it pushes ahead with a $12 billion three-year International Monetary Fund loan programme tied to ambitious reforms such as subsidy cuts and tax increases. Click here to read full stories.

Jul 13 - Argentina 2017/18 wheat planted area seen at 5.45 mln hectares -exchange 

Argentine farmers will plant 5.45 million hectares (13.47 million acres) of wheat in the 2017/18 season, the Rosario grains exchange said in its monthly crop report on Wednesday, down from its previous forecast of 5.6 million hectares. The reduction in planted area was mainly due to early July rains and humidity that prevented planting in portions of Buenos Aires and Entre Rios provinces, the exchange said. It kept its estimates for the 2016/17 soybean and corn harvests at 57.3 million tonnes and 38 million tonnes, respectively. Click here to read full stories.

Jul 13 - U.S. trader Bunge to focus Russian grain operations on Azov Sea

U.S. trader Bunge said it would focus its Russian grain trading on its Azov Sea export terminal near the southern city of Rostov-on-Don in an effort to boost efficiency. Grain traders have struggled with rising competition in Russia, one of the world's largest wheat exporters, in recent years, while their trading margins have also been squeezed. Click here to read full stories.

Jul 12 - Summer heat could fire up corn prices despite record stocks 

Global corn stocks may be at record highs but rising demand is eating in to the strength of the safety net, boosting the chances that any damage to the U.S. crop from a hot, dry summer could trigger further gains in prices. The global stocks-to-use ratio - which shows how long the world would manage on just what is in storage - is heading for a five-year low, according to the U.S. Department of Agriculture (USDA). It is likely to be 16 percent at the end of this crop year on Aug. 31 - enough to cover about two months of demand. Click here to read full stories.

Jul 12 - Brazil meat processors still reeling from food sector probe 

A group representing Brazil's meat processors has lowered forecasts for the nation's chicken and pork production and sales as the companies are still reeling from an ongoing investigation into claims that they bribed food inspectors to evade safety checks. Industry group ABPA on Tuesday said it expected 2017 chicken production of 13.1 million tonnes after it cut its growth forecast to 1 percent from a 3 percent to 5 percent outlook released earlier in the year. Click here to read full stories.

Jul 12 - Protests on Brazil road impact flow of grains to northern ports

Residents of villages along a key highway for grains exports in Brazil's northern Para state continued to stage protests on Tuesday blocking the flow of goods like corn and soybeans to nearby ports, industry groups and police said. Local residents, merchants and farmers have protested on federal road BR-163 since July 5 against a veto by President Michel Temer of legislation that would reduce the area under protection at a national forest in the region, Brazil's federal highway police (PRF) said. Click here to read full stories.

Jul 12 - China programme to vaccinate poultry against bird flu will be nationwide

China's programme to vaccinate poultry against the H7N9 strain of bird flu will be carried out nationwide from this autumn, the country's agriculture ministry said on Monday. The government had previously said the programme would initially only be applied in some provinces, with other areas allowed to receive vaccinations if approved by veterinary authorities. Click here to read full stories.

Jul 12 - Dow to sell part of Brazil corn seed business for $1.1 bln 

Dow Chemical Co said it had agreed to sell a portion of its corn seed business in Brazil to a unit of China's CITIC Ltd for $1.1 billion as it seeks to gain approval for its merger with DuPont from the country's antitrust regulator. The divestiture includes seed processing plants and seed research centers, a copy of Dow AgroSciences' Brazilian corn germplasm bank, the Morgan seed brand and a license for the use of the Dow Sementes brand for a certain period of time, Dow said on Tuesday. Click here to read full stories.

Jul 12 - Dry spell threatens Indian summer crops, could raise farmers woes

Farmers in India run the risk of planting too much, too fast in the current monsoon season as an unexpected dry spell starts to wilt summer-sown crops, raising fears of lower yields and potentially forcing some farmers to re-sow crops. Lower yields or crop failure will increase discontent among farmers that has triggered protests in the big agrarian states in recent months and forced the state governments to waive billions of dollars of farm loans. Click here to read full stories.

Jul 12 - China raises 2017/18 soybean output forecast from previous month 

China's 2017/18 soybean output is expected to reach 14.73 million tonnes, up from last month's forecast of 14.1 million tonnes, the agriculture ministry said on Wednesday. The increase follows some farmers in northeast China affected by drought switching to planting soybeans instead, since the dry ground makes corn planting difficult. Click here to read full stories.

Jul 12 - India's top court suspends ban on trade in cattle for slaughter

India's Supreme Court suspended on Tuesday a government ban on the trade of cattle for slaughter, a boost for the multi-billion dollar beef and leather industries mostly run by members of the Muslim minority. Prime Minister Narendra Modi's Hindu nationalist government in May decreed that markets could only trade cattle for agricultural purposes, such as ploughing and dairy production, on the grounds of stopping cruelty to animals. Click here to read full stories.

Jul 12 - British wheat exports at slowest in almost three years 

Britain's May wheat exports were at the lowest monthly level since July 2014, keeping the country on track to be a net wheat importer in the 2016/17 season, customs data showed on Tuesday. Exports in May totalled only 29,509 tonnes, against imports of 185,245 tonnes. Click here to read full stories.

Jul 12 - Canada wood prices to rise as western wildfire interrupts logging

Rapidly spreading wildfires in British Columbia are set to tighten the supply of wood products and raise prices as they disrupt timber operations during the year's peak building season, industry and analysts said on Tuesday. Forestry products are a significant driver of the economy of British Columbia, which bills itself as the world's biggest exporter of softwood lumber, a product targeted by U.S. tariffs in April as a trade dispute escalated. Click here to read full stories.

Jul 12 - Asian Palm Oil Continue to Be Supported by Stock Declines (Dow Jones)
Asian palm oil prices are a tad higher with prices continuing to be supported by data that show Malaysia's processed palm oil stocks had fallen in June. The market had expected palm oil stocks to rise slightly. Palm oil stocks have remained around low levels as production has taken longer than many expected to pick up following a severe El Nino weather phenomenon last year. The Bursa Malaysia benchmark palm oil contract is trading up 7 ringgit a ton a MYR2590 a ton.

Jul 12 - ASX Eastern Wheat Futures Pare Moves After Weather Driven Rally (WSJ)
ASX Eastern Wheat futures have tempered slightly in early trading, after the January contract rose 5% over Monday and Tuesday. Prices have been supported by growing concerns about the lack of rain in the country's wheat belt, says Commonwealth Bank of Australia analyst Tobin Gorey. "Weather forecasters have little good news on rainfall. A smattering of rain will fall in some winter crop regions though, Sod's Law in action, the regions that need it most are likely to see little rain." Concerns about Australia's crop come at a time when weather issues in the US are also plaguing the country's spring crop supporting prices there. The ASX Eastern Wheat contract for January is trading down A$2 at A$315/ton.

Jul 11 - Egypt will continue export ban on rice during coming season

Egypt will keep in place a ban on the export of rice during the coming harvest, the supply ministry said on Monday. Egypt has intermittently banned the export of rice since 2008 in order to preserve stocks for the local market and to discourage growing of the crop to save water. Click here to read full stories.

Jul 11 - France sees 2017 soft wheat crop rebounding to 36.2 mln tonnes

France is expected to harvest 36.2 million tonnes of soft wheat in 2017, a 31 percent jump from last year's poor crop, although adverse weather this spring would keep yields at relatively modest levels, the farm ministry said on Monday. In its first estimate of 2017 soft wheat production, the ministry projected an average yield of 7.04 tonnes a hectare (t/ha), up from 5.37 t/ha in 2016, and pegged the area at 5.15 million hectares, up from 5.13 million last year. Click here to read full stories.

Jul 11 - Monsoon rains have covered most of India, rainfall within expectations - weather office 

The seasonal monsoon rains have covered most of India and the amount of precipitation so far is within expectations, the head of the country's weather office said, raising hopes for higher farm output after increased sowing of rice and soybean crops. Cumulative monsoon rains have been 2 percent below average since the beginning of the rainy season in June until July 9, India Meteorological Department (IMD) said. However, recent rains have been heavier, as in the week to July 5, the seasonal showers were 21 percent above average, the IMD said. Click here to read full stories.

Jul 11 - Brazil's Mato Grosso farmers sell 9.36 pct of 2017/18 soybean crop

Farmers in Brazil's top producing state of Mato Grosso have sold 9.36 percent of the 2017/18 soybean crop, estimated at 30.6 million tonnes, up from 4.2 percent of that volume in June, Imea, the state's agricultural research agency, said on Monday. Soybean crop sales from the 2016/17 season advanced to 83.61 percent from 78.16 percent in the previous month, the agency said, explaining soy sales gained momentum in Brazil's agricultural heartland after prices rose in Chicago. Click here to read full stories.

Jul 11 - China allows beef, poultry from Belarus - Xinhua

China has approved frozen beef and poultry imports from Belarus, official news agency Xinhua reported on Tuesday, citing Belarusian Agriculture and Food Deputy Minister Alexander Subbotin. Twenty-one Belarusian beef packers and five poultry factories are to be authorized to export to China, Subbotin told reporters ahead of a meeting between Belarus Agriculture and Food Minister Leonid Zayats and Zhi Shuping, Director of China's General Administration of Quality Supervision, Inspection and Quarantine in Minsk. Click here to read full stories.

Jul 11 - India's thirst for dairy to stand out in restrained food markets - OECD/FAO

A fast-growing milk market in India will stand out amidst a trend towards more stable agricultural markets in the decade ahead as an era of booming demand led by China fades, the OECD and FAO said on Monday. Higher productivity will cover the lower pace of consumption growth, curtailing prices of staple food commodities that are mostly expected to show a slight decline in real terms, said the Organisation for Economic Cooperation and Development and the United Nations' Food and Agriculture Organisation. Click here to read full stories.

Jul 11 - Dry Australia's Wheat Crop at Risk (Dow Jones)
Australia has had the driest start to winter since the 1940s, putting the country's wheat crop at risk. "We've also had some pretty damaging frosts," adds Phin Ziebell of National Australia Bank. If weather returned to average for the rest of winter, farmers will be "okay," he adds. The firm is forecasting wheat production of 23.3 million tonnes, versus the government's estimate of 24.4 million.

Jul 11 - Asian Palm Oil Seen Falling Amid Output Growth (Dow Jones)
Asian palm-oil prices should be lower into year-end as output increases, says Nomura. It sees prices averaging MYR2,400/ton in 2H, versus 1H's average MYR2,945. Futures are up 0.5% this morning at MYR2,607.

Jul 11 - For Malaysia, No Severe Impact From France's Palm Oil Restrictions (Dow Jones)
France's decision to restrict palm oil usage in biofuels will no doubt impact the palm oil industry and companies in Malaysia, but the impact shouldn't be severe, says Affin Hwang Investment Bank. Citing Malaysia Palm Oil Board's statistics, Affin says Malaysia's palm oil exports to France in 1H totaled only 497 tons, accounting for 0.05% of exports to the whole of EU. But it says the fear is this ruling being adopted by other EU countries, especially the Netherlands, Italy, Spain and Sweden, as they represent about 87% of total Malaysian exports to the EU in 1H. Malaysia is the world's second largest palm oil producer after Indonesia.

Jul 10 - Asian Palm Oil Prices End Higher After Stocks Fall In June (Dow Jones)
Asian palm oil prices ended higher after Malaysian Palm Oil Board data for June saw processed palm oil stocks come in well below market expectations, says Ivy Ng, Regional Head of Plantations at CIMB. She says the market was broadly looking for a 1% - 2% rise in stocks, but processed palm oil stocks fell 5.2%. However, Ng adds that production had likely been impacted by the Ramadan festival and would see a pick up this month. The Bursa Malaysia benchmark palm oil contract ended up 38 ringgit ($8.8) a ton at 2,592 ringgit a ton.

Jul 10 - U.S. corn sales drop to 3-year low as S.American exports rise 

U.S. corn export sales plunged to a more than three-year low last week, according to U.S. government data released on Friday, as rising competition from massive harvests in Brazil and Argentina blunted demand from the world's top exporter.The sales slump came even as corn prices dropped to a seven-week low in the reporting period, suggesting global buyers feel little urgency to lock in import purchases amid record-large global supplies, traders and analysts said. Click here to read full stories.

Jul 10 - Brazil seeks meeting with USDA chief to discuss beef ban 

The Brazilian government has requested a meeting with the U.S. Secretary of Agriculture Sonny Perdue to discuss a ban imposed on the country's fresh beef, Agriculture Minister Blairo Maggi said on Friday.The meeting, which may take place on July 17, is part of Brazil's efforts to regain access to the U.S. market after a ban imposed in June. The U.S. claimed shipments failed sanitary inspections. Click here to read full stories.

Jul 10 - Egypt aims to double its high-quality cotton production and export 

Egypt aims to double production of its most famous export, the silky soft cotton once known as "white gold", after a period of slumping output, an Agriculture Ministry spokesman said on Saturday.Hamed Abdel-Dayem told Reuters production should rise to 1.4 million qintar (160 kg) in the 2017-18 fiscal year that started in July from 700,000 qintar a year earlier. All the cotton will be exported. Click here to read full stories.

Jul 10 - Brazil road protest blocks grains transport to northern ports 

Residents in Brazil's Amazon region blocked on Friday a key way for the transport of Brazilian grains to northern ports in a protest over increased protections for the rainforest, grains industry groups said on Friday.Farmers, ranchers and residents in the Amazonian state of Para blocked the rugged BR-163 jungle road near the town of Novo Progresso. Click here to read full stories.

Jul 10 - Egypt's GASC says buys 115,000 tonnes Russian wheat 

Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Saturday it bought 115,000 tonnes of Russian wheat in a tender.GASC did not provide a breakdown of the purchase. Click here to read full stories.

Jul 10 - Warm-up seen for U.S. Midwest next week as northern Plains roasts 

Sizzling temperatures in the northern U.S. Plains spring wheat belt will spread next week into parts of the western Midwest, threatening corn yield prospects as the crop enters its key pollination phase, meteorologists said on Friday.Temperatures from Kansas through the Dakotas are expected to reach the mid 90s to mid 100s Fahrenheit, or 35 to 41 Celsius, through next week. Above-normal readings approaching 100 F could reach parts of Nebraska, Missouri and Iowa in the first half of next week. Click here to read full stories.

Jul 10 - Two states ban dicamba weed killer after drift complaints 

Missouri joined Arkansas on Friday in banning the use and sale of the weed killer dicamba after a rise in complaints that the agricultural chemical is drifting into neighboring fields and damaging crops, the states agriculture departments said on Friday. Dicamba use and complaints about its use have spiked in the past two years in the United States. More farmers are spraying it to control hard-to-kill weeds in fields planted with crops bioengineered to survive the chemical, which is produced by Monsanto Co, Germany's BASF and others. Click here to read full stories.

Jul 10 - Malaysia's end-June palm stocks fall on lower output 

Malaysian palm oil stockpiles dipped at end-June as a fall in production during the Ramadan and Eid-Al-Fitr holidays outpaced a decline in exports, potentially boosting prices of the edible oil.Inventories in the world's second-largest producer of the tropical oil fell to 1.53 million tonnes, down 1.9 percent from 1.56 million tonnes in May, data from the Malaysian Palm Oil Board (MPOB) showed on Monday. Click here to read full stories.

Jul 10 - Asian Palm Oil to Take Cues From Looming Data (Dow Jones)
Asian palm oil will be driven by Malaysia Palm Oil Board data due later Monday. Investors will be looking to see whether production continued to pick up in June as expected and whether that has led to a build in the country's supplies. A Malaysian trader notes prices might see some temporary support amid a falling ringgit. The Bursa Malaysia benchmark palm-oil contract is up 1% at MYR2,579/ton.

Jul 10 - Australia Wool Prices Steady Despite Big Sales (Dow Jones)
Australian wool prices were largely unchanged last week event though heavy volumes hit the market. "Buyer expectations of a cheaper market were largely unmet, with all types and descriptions on offer recording just minor adjustments downward," said the Australia Wool Innovation farmer group. This is the final week of wool auctions across Australia ahead of a 3-week break. The AWEX Eastern Market Indicator, the benchmark for wool, fell A$0.01 last week to A$15.24/kilogram.

Jul 07 - Asian CPO Ends Down on Profit Taking (Dow Jones)
Asian crude palm oil price futures ended Friday's trading session slightly lower on profit-taking activities. Investors were waiting for the crop report to be released by the Malaysian Palm Oil Board early next week that will set the mood for the market, says David Ng of Philip Futures in Kuala Lumpur. He expects prices to remain range bound between 2500 ringgit per ton and MYR2630/ton. The Bursa Malaysia palm oil contract for September delivery ended down MYR7 at MYR2554/ton.

Jul 07 - Informa sees U.S. 2017 corn crop at 14.166 billion bushels 

Informa Economics raised its U.S. 2017 corn production forecast to 14.166 billion bushels from 14.077 billion after incorporating revised acreage estimates that the U.S. Department of Agriculture released last week, the private analytics firm said in a client note on Thursday. Informa also lowered its corn yield estimate to 169.7 bushels per acre from its mid-June figure of 170.0 bpa. The firm used the USDA's estimate of 83.496 million harvested acres. Click here to read full stories.

Jul 07 - European farmers cheer market access in EU-Japan trade deal 

European farmers on Thursday welcomed a landmark agreement between the EU and Japan on a free trade pact which will remove tariffs on much of their bilateral trade and triple agricultural exports. European Trade Commissioner Cecilia Malmstrom said the deal could boost exports by 20 billion euros ($22.8 billion) annually and create thousands of jobs in the EU.  Click here to read full stories.

Jul 07 - France to restrict use of palm oil in biofuels - minister 

France will take steps to restrict the use of palm oil in producing biofuels in order to reduce deforestation in the countries of origin, French Environment Minister Nicolas Hulot said on Thursday. France has opposed other uses of palm oil in the past. Several bills have been presented to parliament since 2012 proposing a special tax on its use in food, citing environmental damage caused by plantations.  Click here to read full stories.

Jul 07 - EU barley output seen falling as harvest in full swing 

The European Union winter barley harvest is expected to be lower than last year mainly because of a fall in Spanish output due to frost and drought, while rain in Germany stopped field work and has threatened final quality, analysts and brokers said. But production was expected to exceed 2016 levels in France, the biggest producer in the 28-member bloc, they said, as harvesting across the EU was in full swing. Click here to read full stories.

Jul 07 - Vietnam to promote high quality rice to boost export revenues 

Vietnam has outlined plans to boost revenues from rice exports over the next decade by focusing on a higher quality product and selling more outside Asia. The world's third biggest rice producer wants to boost production of higher quality 5 and 10 percent broken rice and decrease output of 15 percent broken rice, according to a paper published on the government's website. Click here to read full stories.

Jul 07 - Hundreds show support for former Thai PM as rice scheme trial nears an end 

Thailand's former prime minister Yingluck Shinawatra arrived at a Bangkok court to shouts of encouragement from her supporters on Friday, two weeks before the final stages of a case about her involvement in a ruinously expensive state rice subsidy scheme. Yingluck, whose government was ousted in a 2014 military coup, faces up to 10 years in prison if she is found guilty of negligence over her role in the scheme, which proved popular with rural voters but was a disaster for state coffers. Click here to read full stories.

Jul 07 - Grappling with losses, Brazil's BRF reorganizes senior management 

Brazil's BRF SA has opened new senior vice president slots to help Chief Executive Officer Pedro Faria run the world's No. 1 poultry exporter, which has been beset by two consecutive quarters of losses and fallout from a food safety scandal. In a securities filing on Thursday, BRF said the reorganization would entail 14 vice presidencies reporting directly to Faria. Previously, BRF had five senior vice president positions and six general managers with vice president status, according to a company spokesman. Click here to read full stories.

Jul 06 - Soybean cargoes piling up at China's ports as imports surge 

Ships carrying as much as 700,000 tonnes of soybeans are lined up along China's coast waiting to discharge, traders said, as huge purchases in recent months by the world's top buyer led to severe congestion and lifted stockpiles to multi-year highs. The slowdown at the ports and long wait times to clear customs may threaten a recent rally in Chinese soymeal prices and may stir concern about demand from major exporters Brazil and the United States.  Click here to read full stories.

Jul 06 - U.S. corn yields cannot fall too far if heat is a no-show –Braun

Corn traders have been back and forth for a month now on whether the weather forecasts are threatening to the U.S. crop, but potentially damaging hot temperatures have been absent since mid-June. The forecast for the next two weeks is largely devoid of heat but is also lacking rainfall, which is not viewed favorably by the market as many areas of the Corn Belt have had below-normal precipitation in recent weeks. Click here to read full stories.

Jul 06 - Hot, dry spring curbs EU wheat harvest, export prospects for 2017/18 - poll

Hot, dry weather that has strained crops from Spain to Hungary could shave several million tonnes off the EU's wheat production this year, limiting scope to raise exports of the staple cereal after a disappointing past season, a Reuters poll showed. The 28-country European Union, collectively the world's largest wheat grower, is expected to produce 141.0 million tonnes of soft wheat - or common wheat - in 2017, according to the median of 14 estimates polled.  Click here to read full stories.

Jul 06 - Analysts see U.S. corn, soy, spring wheat ratings declining - poll

The U.S. Department of Agriculture's weekly crop progress report should show a decline in U.S. corn, soybean and spring wheat condition ratings, according to an average of estimates by 12 analysts polled by Reuters on Wednesday. The report should show 66 percent of the U.S. corn crop and 65 percent of the soybean crop rated in good to excellent condition. Both figures would be down 1 percentage point from the previous week. Click here to read full stories.

Jul 06 - Malaysia palm oil stocks seen slightly rising on export drop 

Palm oil inventories in Malaysia likely rose slightly in June as exports from the world's second-largest producer slumped, but an unexpected drop in output capped stockpile gains, according to a Reuters poll. With only minimal stockpile gains, declining production is seen supporting benchmark palm oil prices which have rose to their highest since May 26. Palm climbed to has much as 2,559 ringgit ($595.53) per tonne in early trade on Thursday, in line for a fourth consecutive session of gains.  Click here to read full stories.

Jul 06 - U.S. proposes cutting total biofuels requirements in 2018 

The U.S. government on Wednesday proposed to reduce the volume of biofuel required to be used in gasoline and diesel fuel next year as it signaled the first step toward a potential broader overhaul of its biofuels program. The U.S. Environmental Protection Agency's proposed total volume marked a slight decline from current levels and was more than 20 percent below targets laid out in a 2007 law. The U.S. Renewable Fuel Standard, or RFS, requires increased volumes of renewable fuels each year, but the proposal would keep targets for use of conventional biofuels at current levels. Click here to read full stories.

Jul 06 - Egypt to cut corn imports amid higher local production 

Egypt expects to cut imports of yellow corn to 7 million tonnes during the 2017-18 fiscal year beginning in July from 8.5 million tonnes the year before due to higher local production, Agriculture Minister Abdel Moneim Al-Banna said on Wednesday. Egypt has been trying to reduce its reliance on imports after a shortage of foreign currency in recent years sapped its ability to purchase from abroad and hampered economic growth. Click here to read full stories.

Jul 06 - Philippines issues tender to import 250,000 tonnes of rice 

The Philippines' state grains buyer issued on Thursday an international tender to buy 250,000 tonnes of 25 percent broken long grain white rice, rushing to boost thinning government stockpile. Bids must be submitted on or before July 25, when the sealed offers will be opened, the National Food Authority (NFA) said. Click here to read full stories.

Jul 06 - Global Rice Prices Reach Highest Level in 2 Years (Dow Jones)Global rice prices have reached their highest level since mid-2015, according to the Food and Agriculture Organization's Rice Price Index. "Export prices made further inroads in all the major Asian origins during June, as suppliers remained busy meeting the rush in orders placed by countries such as Iraq, Iran and Bangladesh in recent weeks," it notes in it's monthly rice update. However, it notes that at the end of June prices subsided somewhat, "amid easing pressure to secure supplies and a lack of fresh interest." The Rice Price index was up 3.5% from a month earlier. Click here to read full stories. 

Jul 06 - Coming Year's India Cotton Output Poised to Beat (Dow Jones)
India's cotton production looks set to beat earlier forecasts as farmers opt to plant more, says the USDA. adding that the timely onset of this year's monsoon and prospects for normal rainfall means yields are expected to be higher in most cotton-growing states. The agency's India office now sees 2017-8 cotton output being 29 million 480-pound bales, a million more than the USDA's official forecast.

Jul 06 - Palm Oil Companies' Earnings to Continue Improving in 2017 (Dow Jones)
Palm oil companies' earnings will continue to improve in 2017 driven by a rebound in palm production following the El Nino weather phenomenon, says BMI Research in a note. Still, it warns that production and price fundamentals for the sector have been deteriorating over recent years in a "challenging" operating environment. It says palm oil companies are focusing on efficiency gains, taking a more cautious plantation strategy and investing towards higher-value downstream products, as well as on improving their sustainability record. Bursa Malaysia benchmark palm oil contract is currently trading up 13 ringgit at 2,551 ringgit a ton.

Jul 05 - China steps up inspections of Brazilian meat after U.S. ban 

China's quality watchdog has intensified inspections of Brazilian meat imports following a recent U.S. ban on some beef products from the South American country and mislabeling in some meat shipments to China. The United States halted imports of fresh Brazilian beef last month after a high percentage of shipments failed to pass safety checks. One of the main problems were abscesses, which Brazilian ranchers have blamed on vaccinations against foot and mouth disease. Click here to read full stories.

Jul 05 - Too much rain: China's floods roil hydropower, corn supplies 

Severe flooding across southern China has forced the world's largest power plant to slash capacity on Tuesday, delayed grain on barges and damaged farms along the Yangtze River, as the death toll rose to 56 and economic costs hit almost $4 billion. Heavy rainfall, mudslides and hail caused by the annual rainy season has killed 56 people and 22 people were missing across 11 provinces and regions as of Tuesday morning, according to the Ministry of Civil Affairs. Click here to read full stories.

Jul 05 - Egypt's GASC seeks wheat for Aug. 5-15 shipment 

Egypt's General Authority for Supply Commodities (GASC) set a tender on Tuesday to buy an unspecified amount of wheat from global suppliers for shipment Aug. 5-15. GASC Vice Chairman Ahmed Youssef said the authority was seeking to buy cargoes of soft and/or milling wheat from the United States, Canada, Australia, France, Germany, Poland, Argentina, Russia, Kazakhstan, Ukraine, Romania, Bulgaria, Hungary and Paraguay. Click here to read full stories.

Jul 05 - Brazil eyes clearer leniency deals after J&F uproar, sources say 

A backlash in Brazil over plea and leniency deals with the billionaire family that controls meatpacker JBS SA has led prosecutors to start discussions on creating clearer rules for future agreements to ensure equal treatment, three people familiar with the matter said. The talks over a "basic set of patterns and parameters" to negotiate fines are at a very early stage, two of the people said. Federal prosecutors who serve on a body that validates leniency deals are leading the talks, the people added. Click here to read full stories.

Jul 05 - Dairy prices fall, volumes increase at auction - GDT Events 

Global dairy prices continued to moderate after a strong run earlier in the year at a fortnightly auction on Wednesday, although closely watched whole milk powder prices rose. The Global Dairy Trade (GDT) Price Index dipped 0.4 percent, with an average selling price of $3,303 per tonne, in the auction held in the early hours of Wednesday. The index had slipped 0.8 pct at the previous sale. Click here to read full stories.

Jul 05 - Asian Palm Oil Largely Flat, Few Cues in Market (Dow Jones)
Bursa Malaysia palm oil prices are largely flat early amid a lack of drivers with the US soybean market closed Tuesday and oil prices trading largely sideways. Analysts expect the market to be relatively unexciting in coming days as investors await official data on supply and demand out of Malaysia. The Bursa Malaysia benchmark palm oil contract is trading up 1 ringgit at MYR2509 a ton.

Jul 05 - Whole-Milk Powder Seen Holding Around $3,000 (Dow Jones)
Whole-milk-powder prices will likely hold in the low-US$3,000/metric ton range the next several months as New Zealand production data will be thin amid the seasonal output slowdown, reminds ASB. Prices rose 2.6% in the latest Global Dairy Trade auction, mostly reversing the prior sale's 3.3% drop. October NZX whole-milk-powder futures are up 3.4% at US$3,185.

Jul 05 - Aggressive Price Hikes Loom for Whole-Milk Powder (Dow Jones)
Near-term whole-milk powder at the Global Dairy Trade auction saw "aggressive prices increases" which show that "buyers are currently short of product having been sitting on their hands awaiting higher seasonal volumes from New Zealand," says ANZ. "If peak New Zealand seasonal flows disappoint in any way, then there could well be further gains to come." Near-term whole-milk-powder prices rose 6-11% versus the prior auction while the broader whole-milk-powder index climbed 2.6%.

Jul 04 - Asian Palm-Oil Prices Down as Crude Eases (Dow Jones)
Asian palm-oil prices decline amid weakness in crude-oil futures. This as investors awaiting Malaysian Palm Oil Board data out Monday amid concerns remain that production is picking up and export demand remained soft. The Bursa Malaysia benchmark palm oil contract is down 0.9% at MYR2,480/ton.

Jul 04 - TR Crop Watch: Favorable weather bolsters corn, soy to begin July - Braun 

The good weather at the end of June has the Thomson Reuters Crop Watch farmers generally less concerned about their corn and soybean crops than was the case a week ago. But dry conditions lurk in the forecast as crops begin pollination and reproduction, the beginning stages of yield formation. Recent weather model runs suggest the first half of July will be drier than normal across the Corn Belt. This is not necessarily ideal, but the concern is mitigated by the fact that temperatures are unlikely to be excessively warm. Click here to read full stories.

Jul 04 - Brazilian top court justice rejects JBS appeal on assets sale 

A Brazilian Supreme Court justice rejected an appeal from the world's largest meatpacker, JBS SA, to overrule a lower-court ruling that halted the sale of $300 million worth of South American assets to Minerva SA, according to a court document. Justice Edson Fachin's decision upholds a lower court's ruling that JBS' deal to sell plants in Argentina, Paraguay and Uruguay could harm the investigation of a massive corruption scandal involving JBS.  Click here to read full stories.

Jul 04 - High Argentine corn yields make up for weather-related losses 

Floods have slowed corn harvesting in some parts of Argentina but the crop losses being reported in waterlogged fields have been made up for by higher-than expected yields countrywide, farmers and analysts said on Monday. With 51 percent of the 2016/17 crop collected, the Buenos Aires Grains Exchange expects a record 39 million tonne crop with nationwide yields averaging 8.5 tonnes per hectare. Click here to read full stories.

Jul 04 - Russian wheat prices rise on global crop concerns 

Russian wheat export prices have risen for a seventh week on the back of higher global benchmarks, lifted by concerns of crop losses due to bad weather, analysts said on Monday. Black Sea prices for Russian wheat with 12.5 percent protein content and for July delivery were at $188 a tonne on a free-on-board (FOB) basis at the end of last week, up from $185.50 a tonne a week earlier, Russian agricultural consultancy IKAR said in a note.  Click here to read full stories.

Jul 04 - German farm association sees larger German wheat, rapeseed crop 

Germany's 2017 winter wheat and rapeseed harvests are set to rise despite unfavourable weather, the association of German farmers DBV said on Monday. Germany will harvest about 24.51 million tonnes of winter wheat in 2017, up 1.8 percent on the year, the DBV said in a harvest report. Click here to read full stories.

Jul 03 - U.S. farmers running out of opportunities to sell corn at profit 

U.S. farmers who have been holding out for higher prices for their corn may finally sell their grain below target levels in the next few weeks as a government report released on Friday underscores the huge supplies left in storage bins around the country, analysts said. The U.S. Agriculture Department said that farmers still had 2.841 billion bushels of corn in their storage bins as of June 1, the fifth most ever for that time period. It was the highest June 1 on-farm corn storage recording in 29 years and an indication that the market could remain under pressure until harvest. Click here to read full stories.

Jul 03 - Funds on brink of becoming bona-fide wheat bulls -Braun 

Funds have nearly washed away their bearish Chicago wheat bets and are likely entering July as bulls. If true, this would mark specs’ first net long in the soft red wheat market in nearly two years. In the week ended June 27, hedge funds and other money managers cut their net short in CBOT wheat futures and options to 10,158 contracts from 20,971 in the week prior, according to data from the U.S. Commodity Futures Trading Commission.  Click here to read full stories.

Jul 03 - Syrian wheat crop to fall far short of government forecast - sources 

The Syrian government has vastly overestimated the size of the country's wheat crop, officials, traders and farmers told Reuters, indicating that a population that has endured unrelenting war could struggle to feed itself this year. A large part of Syria's agricultural heartland in the north has been under the control of Islamic State since 2014, when the ultra-hardline jihadist group swept through the area and established a de facto capital in Raqqa. Click here to read full stories.

Jul 03 - U.S. soy acres hit record high; wheat plantings lowest ever - USDA 

U.S. farmers seeded a record amount of soybeans this spring, the government said on Friday, in the hope that strong export demand would soak up much of the fall harvest despite bumper crops in Brazil and Argentina that have swelled global stocks. All-wheat plantings fell to a record low of 45.657 million acres, with ample global stocks and weak export prospects pushing U.S. farmers away from that crop. Click here to read full stories.

Jul 03 - As Russian wheat loses out in Egypt, Turkey could become top destination 

Turkey could emerge as the top export destination for Russian wheat in the 2017/18 marketing year, which starts on July 1, overtaking Egypt where Russia appears to be losing ground to rivals such as Ukraine and Romania, traders and suppliers said. The resolution of a trade dispute with Turkey last month has led to a step up in wheat sales from Russia. At the same time, Russia is losing lucrative business to Egypt, the world's biggest wheat importer, to cheaper rivals.  Click here to read full stories.

Jul 03 - Bayer files for Monsanto takeover approval with EU regulators 

Bayer has filed a request for approval of its planned $66 billion takeover of U.S. seeds company Monsanto with European Union regulators, as suitors line up for assets that Bayer will sell to get the approval by year-end. Bayer, which is bracing for the EU Commission to go into an in-depth antitrust assessment of the merger, said in a statement on Friday it would work closely with the authorities, reaffirming its goal to wrap up the transaction by the end of 2017. Click here to read full stories.

Jul 03 - Brazil sends meat safety report to EU, vows reinforced inspections 

Brazil's Agriculture Ministry said in a report to the European Union's food safety body on Friday that salmonella with a potential to harm public health had not been detected in lots of poultry due to be exported to the bloc. In a statement, the ministry also said it was reinforcing the inspection of meatpacking plants that export products to Europe by hiring 300 veterinarians to work alongside federal food safety inspectors. Click here to read full stories.

Jun 30 - Chinese ready to tuck into U.S. beef imports after 14-year wait 

China's top online retailers and U.S. superstore giant Walmart are scrambling to satisfy the voracious appetites of consumers excited about the first American beef to arrive in the world's most populous nation in 14 years." I am a frequent buyer of steak so I can tell the quality by its colour and marbling," said one woman on Thursday at a Sams Club store in Beijing owned by Walmart. She selected a 211 yuan ($31.13) pack of newly arrived U.S. steak over her usual choice from Australia. Click here to read full stories.

Jun 30 - U.S. Plains drought highlights spring wheat supply crunch 

Drought conditions in the northern U.S. Plains that have propelled spring wheat prices to a three-year high worsened in the past week and there are forecasts for more hot and dry weather that could crimp the harvest. As the world struggles with a glut of grain that has filled inventories to record-highs and cast a wet blanket over the corn and bean markets, the shortage of high-quality spring wheat has taken markets by surprise. The drought in the United States has propelled prices for the high protein grain that is prized by bread makers to three-year highs. Click here to read full stories.

Jun 30 - How June 1 U.S. soybean stocks might translate to demand -Braun 

Many industry analysts were surprised that healthy U.S. soybean demand did not prompt USDA to raise old-crop exports in its June update. But when the U.S. Department of Agriculture publishes its quarterly grain stocks report on Friday, the results will have demand implications for old-crop soybeans beyond just exports.Friday's report will reflect U.S. grain and oilseed supplies as of June 1. The average trade guess for soybean stocks as of June 1, 2017, is 983 million bushels. Click here to read full stories.

Jun 30 - Brazil ranchers seek vaccination overhaul after U.S. ban on beef 

Cattle ranchers in Brazil are demanding an overhaul of the vaccination program against Foot and Mouth Disease (FMD), including suspending it in some parts of the country, to tackle health problems raised by the United States last week when it banned Brazilian fresh beef imports. The CNPC, a national council of cattle ranchers, asked the government, which oversees the vaccination program, to halve the doses, change the place where vaccines are administered on the animals from muscle to just beneath the skin, and to eliminate a substance called saponin from the vaccines. Click here to read full stories.

Jun 30 - IGC trims 2017/18 global corn and wheat crop forecasts 

The International Grains Council on Thursday trimmed its forecasts for the 2017/18 global corn and wheat crop." A number of regions have experienced unfavourable weather in recent weeks and some crops forecasts are being revised lower, including the United States and the European Union," the IGC said in a monthly report. Click here to read full stories.

Jun 30 - Brazil's JBS should call shareholder meeting by Friday - source 

Brazil's JBS SA, the world's largest meatpacker, has until Friday to schedule a shareholder meeting to discuss the possible ousting of the controlling shareholders, the Batista family, from its board, a person close to the discussions said on Thursday. If the meeting is not called by then, minority stakeholder BNDES Participações SA has the right to do so, said the source, who was not authorized to speak publicly about the matter and requested anonymity. Click here to read full stories.

Jun 30 - Canadian farmers squeeze in more canola acres than expected 

Canadian farmers planted a record area of canola and slightly less wheat than expected during the planting season, according to a Statistics Canada report on Thursday, although boggy conditions in parts of the Prairies may have stymied late seeding.Canola plantings surpassed Canadian wheat seedings for the first time, due to strong prices. Farmers planted canola on 22.8 million acres, up 12 percent from last year and topping the average trade guess of 22.2 million acres.  Click here to read full stories.

Jun 30 - India's 2016/17 cotton exports seen down 17 pct to 6 mln bales - trade body 

India's cotton exports in 2016/17 are likely to fall 17 percent from a year ago to 6 million bales, a leading trade body said on Thursday, as an appreciating rupee dented the competitiveness of the Indian fibre in the world market. The world's biggest cotton producer is likely to have harvested 33.63 million bales of cotton in the 2016/17 season that started on Oct. 1, slightly down from 33.78 million bales a year ago, the Cotton Association of India said in a statement. Click here to read full stories.

Jun 30 - Ukraine harvests 314,000 tonnes of grain so far 

Farmers in five of Ukraine's southern regions have started the 2017 grain harvest, threshing 314,000 tonnes of grain with a yield of 3.3 tonne, the agriculture ministry said on Thursday. The Ukrainian grain area came to 14.3 million hectares in 2017, including 6.28 million of wheat, 4.47 million of maize, 2.46 million of barley and about 1.0 million of other grains and cereals. Click here to read full stories.

Jun 30 - EU 2016/17 wheat exports reach 23.3 mln T, 123,000 T this week 

European Union soft wheat exports in the 2016/17 season had reached 23.3 million tonnes by June 27, down 26 percent from 31.3 million exported by the same point last season, official data showed on Thursday.In the latest reporting week, the EU exported 123,000 tonnes of soft wheat, on the basis of a revised week-earlier total of 23.1 million tonnes, the data showed. Click here to read full stories.

Jun 30 - Continuing to Watch Growing Palm-Oil Production (OCBC Dow Jones)
The absence of any significant rally in crude palm-oil futures illustrates that investors continue to closely scrutinize "ballooning" production, says OCBC. The investment bank adds output is only one of many reasons the commodity's price should fall in 2H--there's sustained low oil prices and healthy supplies of alternative oilseed products around the world. Palm-oil futures in Malaysia have slid 21% this year.

Jun 30 -  US Beef Exports to China Could Top $1 Bln a Year as Yearslong Ban Lifted (Dow Jones)
US exports of beef to China could top $1 billion a year in the coming decade, says Joel Haggard, senior vice president for Asia Pacific at the US Meat Export Federation. The potential ramp up follows China's decision to lift a 14-year ban on US beef this spring, boosting hopes among ranchers of tapping China's growing middle class. Among the challenges, say industry executives, will be satisfying China's requirement that all cattle must be traceable to their US birth farm or first port or first entry to the US. Less than 10% of US cattle currently meet that and other import requirements by China, they say.

Jun 29 - Asian CPO Edge Up, Guided by Competing Oils (Dow Jones)
Asian crude palm oil price futures recovered from losses to end higher Thursday, tracking gains in rival soy oil prices. "Palm oil prices rose in line with gains in international markets," says a Kuala Lumpur-based trader, referring to the Chicago Board of Trade and China's Dalian Commodity Exchange. Investors will keep an eye on export estimates for the month of June to be released by cargo surveyors Intertek Agri Services and SGS (Malaysia) on Friday. Palm oil purchases have slowed as the holy month of Ramadan ended this week. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange ended up 24 ringgit at MYR2464/ton.

Jun 29 - CME to launch Australian wheat futures with Platts index 

CME Group will enter the Australian wheat market next month by launching a futures contract based on an export price index calculated by S&P Global Platts, the Chicago-based exchange said on Wednesday. The move extends CME's global reach in grain markets, after its launch last year of a European Union wheat contract, and also marks a push to cater for derivative deals not traded on exchanges. Click here to read full stories.

Jun 29 - Dow and DuPont reaffirm to close merger in August 2017 

Dow Chemical Co and DuPont on Wednesday reaffirmed their expectation to close their merger in August. Boards of both companies have jointly started a portfolio review and have engaged McKinsey & Company to assist in the assessment. Click here to read full stories.

Jun 29 - Monsanto profit tops expectations as soybean sales surge 

U.S. seeds and agrochemicals company Monsanto Co, which is in the process of being bought by Germany's Bayer AG, reported a stronger-than-expected quarterly profit on Wednesday as record soybean plantings lifted seed sales. Shares climbed 1 percent and hit a two-year high of $118.47 a share. Click here to read full stories.

Jun 29 - Meat importing countries raise inspection bar for Brazil 

Meat-importing countries from North America to Europe and Asia have tightened inspection standards for shipments from Brazil in a bid to protect consumers, following a probe into possible corruption involving inspectors. The Canadian Food Inspection Agency (CFIA) said on Wednesday that the tighter inspection standards it enacted in April have resulted in checks on nearly every shipment from Brazil. Click here to read full stories.

Jun 29 - Russia starts grain harvesting with lower yields 

Russia has started grain harvesting in its southern regions, with yields so far lower than at the same date a year ago, following a delay caused by rainy weather, the Agriculture Ministry said in statement on Wednesday. The world's leading global wheat exporter is widely expected to harvest a major grain crop this year, although it will be lower than the record crop in 2016. Click here to read full stories.

Jun 29 - Cofco's Argentina grains operations affected by cyber attack 

Activity at ports operated by China's Cofco in Argentina's main grains hub of Rosario has been interrupted by a worldwide cyber attack, a local port manager said on Wednesday, the first sign that the virus had made its way to South America. The computer worm was first seen in Ukraine on Tuesday, going on to affect port facilities ranging from Mumbai to Los Angeles. It hit Argentina on Wednesday, slowing wheat and fertilizer shipments and threatening to impact the flow of soybeans to the country's main client, China, at the height of export season. Click here to read full stories.

Jun 29 - Brazil's Caixa backs effort to oust Batistas from JBS board - sources 

Brazil's state development bank BNDES has won the backing of state-controlled lender Caixa Econômica Federal in its effort to oust controlling shareholders involved in a corruption scandal from the board and management of meatpacker JBS SA, three sources with knowledge of the matter said on Wednesday. BNDESPar, the development bank's investment arm which holds a 21 percent stake in JBS, has requested a shareholder assembly but the company has yet to schedule the meeting. Click here to read full stories.

Jun 29 - South Africa's maize output to hit record high as forecast left unchanged 

South Africa will harvest 15.6 million tonnes of maize this season, the biggest crop on record but still missing a consensus forecast, the government's Crop Estimates Committee (CEC) said on Wednesday. The crop would beat the previous record set in 1981, although analysts and traders had forecast it to hit an even higher 15.82 million tonnes. Click here to read full stories.

Jun 29 - ABC TV settles with beef product maker in 'pink slime' defamation case 

The U.S. ABC television network, owned by Walt Disney Co, has settled its closely watched defamation lawsuit with Beef Products Inc over news reports on a processed beef product that critics dubbed "pink slime," both companies said on Wednesday.Terms of the settlement, which also covered the Beef Products Inc claims against ABC reporter Jim Avila, were not disclosed. Click here to read full stories.

Jun 29 - Supply Worries Still Loom for Asian Palm Oil (OCBC Dow Jones)
Asian palm-oil futures remain under pressure by continued concerns about sustained oversupply woes into 2H, says OCBC. But for now that isn't impacting prices, with the benchmark Bursa Malaysia palm-oil contract up 0.5% at MYR2,452/ton. The investment bank notes recent data from the Malaysia Palm Oil Board indicate crude-palm-oil output rose 6.9% in May while surveys are pointing at 17% growth in Indonesia.

Jun 28 - Asian CPO Closes Down on Production Worries (Dow Jones)
Asian crude palm oil price futures reversed earlier gains to end marginally lower Wednesday, amid concerns of a rise in production. "Investors are anticipating stronger palm oil production in the weeks ahead, barring any weather uncertainty," notes David Ng of Philip Futures in Kuala Lumpur. He expects prices to trade between 2,420 ringgit per ton and MYR2530/ton. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange ended down MYR3 at MYR2,439/ton.

Jun 28 - U.S. says hopes China will approve more GMO corn for import 

The United States hopes that more varieties of its genetically modified corn will be approved for import by Beijing, the U.S. ambassador to China said on Wednesday. The comments came after the world's top grains buyer this month approved two new strains of U.S. genetically modified (GMO) crops for import, from Dow AgroSciences and Monsanto. Click here to read full stories.

Jun 28 - Chinese-owned Syngenta eyes Bayer assets to bolster seeds

Switzerland's Syngenta, the crop protection company acquired by ChemChina, has vowed to bulk up its seeds business and join the chase for assets rival Bayer must sell to gain regulatory approval for its takeover of Monsanto. Syngenta, a distant third in the global seeds market behind Monsanto and Dupont, is determined not to lose ground on its rivals as the seeds and crop-protection sector continues an unprecedented wave of mergers and acquisitions. Click here to read full stories.

Jun 28 - Jury still out on state of French wheat crop after heatwave 

A heatwave that hit France last week has left analysts with mixed views on the impact it will have on the wheat harvest this year, with some strongly reducing forecasts while others saying it came too late to cause major damage. He state of the harvest in the European Union's largest wheat grower had raised concern on global markets and sent European milling wheat futures to near one-year highs last week before paring gains on falling temperatures and rain forecasts. Click here to read full stories.

Jun 28 - Brazil seeking 1,600 more meat inspectors, official says 

Brazil on Tuesday conceded that the government needs 1,600 more inspectors at meatpacking facilities but also questioned the swift ban imposed by the United States on shipments of fresh Brazilian beef. Luis Rangel, Brazil's plant and animal health secretary, told Reuters in an interview that Brazilian beef suppliers were still working to adapt to stricter requirements of the U.S market. He said some problems raised by U.S. food safety authorities "would be tolerated in other markets" and that no system was infallible. Click here to read full stories.

Jun 28 - Thailand increases 2017 rice export goal to 10 mln T - exporter body 

Thailand's rice exporters expected the export volume of the grain to reach 10 million tonnes this year, higher than an earlier target of 9.5 million tonnes.The world's second biggest rice exporter after India, exported 9.63 million tonnes of rice in 2016, according to figures from the Commerce Ministry, which also targets exports of 10 million tonnes this year. Click here to read full stories.

Jun 28 - South Africa's neighbours ban poultry imports after bird flu outbreak 

Zimbabwe, Namibia and Botswana on Tuesday suspended poultry imports from South Africa with immediate effect following outbreaks of highly contagious H5N8 bird flu.South Africa has confirmed outbreaks of avian flu, which is often transmitted by wild birds, on at least two farms. South Africa and Mozambique banned poultry imports from Zimbabwe this month after a bird flu outbreak there. Click here to read full stories.

Jun 28 - Asian Palm Oil Opens Up, Still in Recent Range (Dow Jones)
Asian palm-oil prices open higher following after being closed to start the week for a holiday, but prices remain in a tight trading range. The latest estimates show falling exports this month, and analysts say a further reduction in demand is likely with the end of the Ramadan festival. Cargo surveyor SGS is also due to release its palm-oil estimates. The Bursa Malaysia benchmark palm oil contract is up 0.7% at MYR2,459/ton.

Jun 28 - Rice Stocks Fall to Lowest Level Since 2010 (Dow Jones)
Rice stocks for the world's 5 largest exporters -- Thailand, Vietnam, India, Pakistan and the U.S. -- have fallen to their lowest levels since 2010, due mainly to the Thai government's sell down of it's huge stocks, says Sam Mohanty, principal scientist at the International Rice Research Institute in the Philippines. The 5 countries now hold an estimated 29 million metric tons of rice, down from 41 million tons in 2012. The USDA reports that the Thai government's rice stocks are now at around 900,000 tons.

Jun 27 - Brazil meat inspection flaws flagged in new blow to sector 

Brazil's meat industry lacks enough inspectors to ensure the product is safe, a health inspectors union said on Monday, blaming government cutbacks for what the United States has called system-wide sanitary issues.The ANFFA union renewed its longstanding criticism about budget cuts and understaffing after the United States blocked Brazilian fresh beef shipments late last week, saying it found abscesses in the meat and signs of systemic failure of inspections.  Click here to read full stories.

Jun 27 - TR Crop Watch: Corn yield hopes slide in SE Illinois - Braun 

Unseasonably cool weather will continue for the Thomson Reuters Crop Watch corn and soybeans this week and the farmers have mixed feelings about it.As of June 25, the producers of TR Crop Watch – which follows the weekly crop progress for two farmers in Illinois and one in Minnesota – are expecting to harvest merely an average-yielding corn and soybean crop this year since the weather has not been entirely cooperative. Recent conditions have also prompted one grower to cut expectations for his corn yield. Click here to read full stories.

Jun 27 - China's COFCO likely to sit out global grains race as it digests acquisitions 

As the world trade in farm commodities faces a shake-up, one of the groups widely expected to play a leading role - China's COFCO - will probably have to sit out the industry consolidation after all.Sources with knowledge of COFCO's expansion strategy say the state-run conglomerate is struggling to integrate businesses it bought three years ago, deals which made it a significant global agricultural trader but are now hindering its ability to swoop on rivals. Click here to read full stories.

Jun 27 - Canadian grain handler Richardson buys European Oat Millers 

Richardson International, one of Canada's largest grain handlers, said on Monday that it had purchased European Oat Millers in a deal that expands its geographic reach.The acquisition of European Oat Millers, the second-largest oat miller in Europe, closed on June 15, Richardson said in a statement. Both companies are privately owned. Click here to read full stories.

Jun 27 - EU crop monitor cuts grain yield outlook after hot, dry weather 

The European Union's crop-monitoring service lowered its 2017 yield forecasts for most grain crops on Monday as hot and dry weather in many parts of the bloc in recent weeks was seen compounding stress on plants after a dry spring.The monthly report from the MARS service was in line with other observers who have lowered EU harvest expectations because of adverse crop weather in the bloc.  Click here to read full stories.

Jun 27 - Cuban farmland lies fallow, production languishes 

More than half of Cuba's arable land remains fallow nearly a decade after a government pledge to cultivate it, and food production is sluggish, according to a government report. Cuba has yet to publish an overall figure for last year’s agricultural output. But the report released over the weekend by the National Statistics Office indicated only minor improvement in 2016 over the previous year. Click here to read full stories.

Jun 27 - Tanzania bans grain exports to curb inflation, boost food industry 

Tanzania banned grain exports on Monday in a bid to stem rising local prices and rein in inflation, as well as boost the country's nascent food processing industry.Food is the biggest driver of inflation in the East African nation, which exported more than 1.5 million tonnes of cereals to neighbours in 2016, the agriculture ministry has estimated. Click here to read full stories.

Jun 27 - French PM overrules farm minister on pesticide ban 

France's prime minister said on Monday a ban on bee-harming pesticides would go into force as planned in 2018 following a public disagreement between his farm and environment ministers.At issue is a law banning widely used neonicotinoids after research pointed to risks that they could harm bees, which play a crucial role pollinating crops. Click here to read full stories.

Jun 27 - California to list glyphosate as cancer-causing; Monsanto vows fight 

Glyphosate, an herbicide and the active ingredient in Monsanto Co's popular Roundup weed killer, will be added to California's list of chemicals known to cause cancer effective July 7, the state's Office of Environmental Health Hazard Assessment (OEHHA) said on Monday.Monsanto vowed to continue its legal fight against the designation, required under a state law known as Proposition 65, and called the decision "unwarranted on the basis of science and the law." Click here to read full stories.

Jun 27 - Malaysian Cash Market Prices for Palm Oil Unavailable
Like yesterday, data for Malaysian cash market prices for Palm oil are unavailable due to a holiday (Eid Al-Fitr)

Jun 26 - Brazil defends beef after 'system-wide problem' prompts U.S. ban 

Brazil scrambled to shore up its beef industry's reputation on Friday after the United States blocked shipments of fresh cuts, saying it found abscesses in the meat and signs of systemic failure of inspections in the world's largest beef exporter.Officials in Canada and the European Union also said they had rejected some shipments of Brazilian beef in recent months. Brazil's government and meat industry said most problems stemmed from vaccinations and were being addressed. Click here to read full stories.

Jun 26 - Funds hold least bearish view of CBOT wheat since 2015 -Braun 

Speculators now hold their least bearish position on Chicago-traded wheat futures and options since Nov. 10, 2015, propelled by concerns that the U.S. harvest could fall short as well as threatening weather to the crops overseas.In the week ended June 20, hedge funds and other money managers slashed their short position in CBOT wheat to 20,971 futures and options contracts from 82,859 in the week prior, according to data from the U.S. Commodity Futures Trading Commission. Click here to read full stories.

Jun 26 - Syngenta ordered to pay $217.7 mln to Kansas farmers in GMO corn case 

A U.S. jury on Friday ordered Syngenta AG to pay $217.7 million to more than 7,000 Kansas farmers over its decision to commercialize a genetically modified strain of corn before China approved importing it.The verdict by a federal jury in Kansas City, Kansas, was announced by lawyers for the farmers, who blamed the Swiss company for causing catastrophic damage to them after Chinese officials began refusing U.S. corn shipments in 2013. Click here to read full stories.

Jun 26 - Speculators cut bullish cotton stance, up bearish sugar bet - CFTC 

Speculators slashed a bullish stance in cotton contracts on ICE Futures U.S. to a one-year low in the week to June 20, as they raised bearish bets in raw sugar, cocoa and arabica coffee, U.S. Commodity Futures Trading Commission data showed on Friday.The dealers cut their net long stance in cotton futures and options for a fifth straight week, lowering it by 25,303 lots to 45,183 lots, according to the data. The reduction came as prices hit seven-month lows. Click here to read full stories.

Jun 26 - China takes delivery of first shipments of American beef in 14 years 

China let through the first shipments of beef from the United States in 14 years on Friday, after the two nations agreed to resume the trade in May, state media reported.The imports were brought in by Cofco Meat Holdings Ltd from U.S. meat processor Tyson Foods Inc, China National Radio (CNR) reported on Friday, citing Beijing Entry-Exit Inspection and Quarantine Bureau. Click here to read full stories.

Jun 26 - U.S. winter wheat protein levels remain low, premiums swell 

Reports show average protein levels in the U.S. hard red winter (HRW) wheat crop are still the lowest in years, heightening concerns about quality as the harvest progresses in top producer Kansas.Premiums for high quality HRW wheat with protein of 12 percent or more have swelled to levels unseen for nearly a decade, while prices for spring wheat -- a higher-protein crop that can be blended to boost quality -- are at their loftiest in 2-1/2 years. Click here to read full stories.

Jun 26 - India's Maharashtra state to waive $5.27 billion in farm debts 

India's Maharashtra state, home to the country's financial capital Mumbai, will waive $5.27 billion of farm loans, the latest state to offer relief to farmers reeling from losses caused by bad weather.The state, ruled by Prime Minister Narendra Modi's Bharatiya Janata Party (BJP), has decided to write off debts up to 150,000 rupees ($2,326) for 8.9 million farmers, Chief Minister Devendra Fadnavis told reporters after a cabinet meeting on Saturday. Click here to read full stories.

Jun 26 - Russia's PhosAgro sees boom in African fertiliser demand helping prices 

The global fertiliser market will find increasing support in coming years from growing demand in Africa where Chinese, Middle Eastern and U.S. companies invest in agriculture, according to one of the world's largest fertiliser firms."Africa will be showing an incredible dynamic in the next five years. Rising demand in Brazil and India will also help clear rising supply of fertilisers," Andrei Guryev, the 35-year-old head of Russia's PhosAgro, said in an interview. Click here to read full stories.

Jun 26 - U.S. May feedlot cattle placements reach 10-year monthly high 

U.S. ranchers during May drove 12.0 percent more cattle into feedlots than a year earlier, the most for the month in a decade, the U.S. Department of Agriculture reported on Friday, topping average predictions.Higher cattle prices paid by packers last month generated more profits for feedlot operators, allowing them to buy more calves for fattening. Click here to read full stories.

Jun 26 - French wheat crop conditions worsened ahead of heatwave

The state of French soft wheat declined sharply in the week to June 19, data from farming agency FranceAgriMer showed, suggesting crops were already suffering from dry conditions before a heatwave this week.In a weekly report published on Friday, FranceAgriMer rated 68 percent of soft wheat as being in good or excellent condition by Monday, compared with 74 percent a week earlier. Click here to read full stories.

Jun 26 - South African 2017 maize crop seen at record 15.8 mln tonnes - poll

South African farmers are expected to reap a record 15.82 tonnes of maize this season after better weather boosted yields, particularly for the staple white maize, a Reuters poll of five traders and analysts showed on Friday.The estimate is 1.4 percent higher than the latest forecast from the government's Crop Estimates Committee (CEC) which put the harvest at a record 15.6 million tonnes, double last year's output.  Click here to read full stories.

Jun 26 - Drought has cost Italian farmers 1 bln euros - agriculture group 

Soaring temperatures and a lack of rainfall across Italy have cost farmers 1 billion euros ($1.12 billion) so far this year, the national agricultural association said on Friday.The government declared a state of emergency in the gastronomic heartland around the northern cities of Parma and Piacenza, a usually lush valley that produces tomatoes, cheese, and high-quality ham. Click here to read full stories.

Jun 26 - Asian Palm Oil Demand Expected to Remain Lackluster (Dow Jones)
Asian palm oil demand will likely remain lackluster in the short term, as palm oil buyers continue to just buy what they need, says Rabobank in a note. "Other than the shape of the futures curves, which remain in backwardation, relatively high domestic edible oil inventories in importing countries continue to limit demand for palm oil." It notes that adding to the prices pressure is that the Muslim festival of Ramadan will end this month, "which is expected to slow palm oil demand, which during Ramadan has increased."

Jun 26 - Australian Wool Prices Up 1.8% on Tight Volumes (Dow Jones)
The Australian Eastern Market Indicator, the benchmark for wool prices, ended up the week 1.8% to close at A$15.33/kg as supplies of wool across Australia remain low, says farmer group Australian Wool Innovation in a note; "The volume of Merino fleece offered this past week was the lowest for more than 8 years." It adds that there may be some hesitancy this week on the purchase side given there is substantially higher volumes of wool due to be sold over the next three weeks; "With buying intent so sporadic recently, it seems certain an unchanged market is the least likely result."

Jun 26 - Australia's Eastern Wheat Contract Fall on Rain Forecast (Dow Jones)
Australia's ASX eastern wheat futures continue to retreat as some grain growing areas receive rain and more rain is forecast for Western Australia and the Queensland New South Wales border, says Tobin Gorey, an analyst at Commonwealth Bank of Australia. He says rain in grain regions either side of the Queensland‑NSW border, which should improve soil moisture levels, "might further cap prices in the east this week." The ASX September contract is unchanged at A$273.00/ton, having fallen A$2/ton on Friday.

Jun 26 - Malaysian Cash Market Prices for Palm Oil Unavailable
Data for Jun 25 and Jun 26 Malaysian cash market prices for palm oil are unavailable due to a end of ramadan (Eid Al-Fitr) holiday.

Jun 23 - Egypt court ruling revives row over ergot fungus in wheat imports

A court that ordered the suspension of Egypt's food inspection system based its ruling in part on the quarantine service's right to ban grain imports with any trace of the ergot fungus, raising the possibility the contested rule could be restored. The government's new food inspection system simplified trade after a nearly year-long row over the quarantine service's zero-tolerance approach to ergot. Traders had said they could not guarantee zero trace and boycotted tenders, effectively shutting off the world's biggest wheat importer from the grain trade. Click here to read full stories.

Jun 23 - U.S. bans fresh Brazil beef imports over safety concerns 

The United States halted imports of fresh Brazilian beef on Thursday, the U.S. Department of Agriculture said, after a high percentage of shipments failed to pass safety checks. The USDA had "recurring concerns about the safety of the products intended for the American market," after increasing tests on Brazilian beef in March, according to a statement. Click here to read full stories.

Jun 23 - Argentina's taste for veal complicates beef exporting ambition

Argentina's taste for beef from young calves - viewed as the most tender - is discouraging producers from raising the heavier cattle needed to restore the country's position as a top global beef exporter. With per capita consumption at nearly 58 kilograms (128 lbs) per year, barbecue-loving Argentines are among the most carnivorous people in the world. Click here to read full stories.

Jun 23 - Canadian farmers trim wheat, canola areas in wet spring-trade 

Soggy spring conditions in key crop-growing areas of the Canadian Prairies left farmers unable to plant as much as they intended, but canola seedings still look record-large, according to a Reuters survey of 16 traders and analysts ahead of a government report next week. Wet weather made fields sloppy in Alberta's Peace River region, and in northeastern Saskatchewan, but the extent of unplanted land was not as great as some predicted, said Alyssa Mistelbacher, market analyst at FarmLink Marketing Solutions. Click here to read full stories.

Jun 23 - Brazil's BNDESPar wants Batistas off JBS board sources 

The investment arm of Brazil's state development lender BNDES has asked JBS SA to convene a shareholder assembly to remove the controlling Batista family from the meatpacker's management and board, two people briefed on the matter said on Thursday. BNDES Participações SA, which holds a 22 percent stake in JBS, wants the board to discuss the matter as soon as possible, said the people, who asked not to be identified in order to speak freely. Click here to read full stories.

Jun 23 - Paraguay Senate approves soy export tax; government vows veto

Paraguay's Senate on Thursday approved a 10 percent tax on soybean exports, but the finance minister said the president would veto the measure if it reaches his desk because such a tax would hurt small and medium-sized farmers. The lower House of Congress has yet to vote on the bill. But even if it passes, President Horacio Cartes would not sign it into law, said Finance Minister Lea Gimenez. Click here to read full stories.

Jun 23 - Minnesota will still engage with Cuba despite Trump setback

Minnesota's government and businesses will continue to engage with Cuba in the areas they can, like agricultural trade, despite U.S. President Donald Trump's partial rollback of the detente, Lieutenant Governor Tina Smith said on Thursday. The first U.S. state representative to make an official visit to Communist-run Cuba since Trump's announcement on Friday, Smith said authorities there were worried about the setback to bilateral relations. Click here to read full stories.

Jun 23 - Asian Palm Oil Little Changed Ahead of Holiday (Dow Jones)
Asian palm oil prices are little changed with volumes expected to be light ahead of the market being closed on Monday and Tuesday in Malaysia. Malaysia export estimates data from Intertek for the first 24 days of the month are due to be released on Saturday ahead of the festival. The Bursa Malaysia benchmark palm oil contract is trading down 11 ringgit at ton at MYR2,436 a ton.

Jun 23 - Australian Dairy Price Outlook Moves Up (Rabobank Dow Jones)
After a challenging 18 months of low prices and poor seasonal conditions, Australia's dairy farmers can look forward to an improved 2017/18 season ahead, with partial recovery in forecast farmgate milk price for southern export regions to A$5.40-5.80/kg, according to Rabobank. Favorable input prices and better seasonal conditions will support a partial recovery in milk production, it says. Rabobank senior dairy analyst Michael Harvey says opening prices announced by southern Australian dairy processors are in line with Rabobank's expectations. "Fundamental to this outlook, we expect global markets to remain well balanced through the 2017/18 Australian season," he says. "And while global pricing has reached the peak of the cycle, markets are set to remain well balanced for the next 12 months."

Jun 23 -  Prix du lait : Intermarché va payer 340 €/1 000 l (LaFranceAgricole)
Les deux laiteries d’Intermarché se sont engagées sur un prix du lait de 340 €/1 000 l de lait à partir de juillet. Le distributeur invite les autres acteurs de la filière à plus de transparence.
« Dès juillet, l’enseigne, via le pôle agroalimentaire Agromousquetaires, revalorisera son prix d’achat à 340 €/1 000 litres pour ses producteurs partenaires », annonce l’enseigne de distribution Intermaché dans un communiqué du 22 juin 2017. « Le corollaire de cette démarche est d’étendre le dispositif de transparence prévu par la loi Sapin 2 à toute la filière, pour tous les opérateurs », explique le communiqué.
Concernant les autres opérateurs justement, Intermarché invite dans un premier temps « tous ses fournisseurs de produits laitiers à appliquer cette hausse des prix du lait ». Concernant les autres acteurs, Thierry Cotillard, président d’Intermarché et Netto, a déclaré : « Nous souhaitons plus de transparence, car elle est nécessaire pour garantir une juste rémunération des producteurs de lait. »

Jun 22 - Asian Palm Oil Little Changed After Earlier Hitting 10-Month Low (Dow Jones)
Asian palm oil prices are largely unchanged as prices trade at the lower end of their current range, with the benchmark 3-month contract earlier hitting its lowest level since August 2016. Prices for the commodity remain under pressure as investors bank on increased supply with exports falling off in early June and production expected to pick up in coming months. The Bursa Malaysia 3-month contract is trading down 7 ringgit at MYR2435 a ton.

Jun 22 - Brazil blocks JBS deal, seeks asset freeze amid corruption probe 

A Brazilian judge has blocked JBS SA's planned sale of a South American unit while the attorney general's office urged the company's assets be frozen, in signs of fallout from a corruption probe involving the controlling shareholders of the world's No. 1 meatpacker. Federal Judge Ricardo Leite blocked JBS's $300 million sale of the unit to rival Minerva SA, citing a corruption scandal ensnaring JBS's controlling Batista family, court documents seen by Reuters showed on Wednesday. Click here to read full stories.

Jun 22 - Corn futures sizzle, then fizzle under heavy supply: Braun 

Speculators axed a massive short position in the corn market within 11 days earlier this month. And what do they have now to show for it? Lower prices. Specs, usually hesitant to become buyers in such an oversupplied market, bought nearly 1 billion bushels of corn in the form of CBOT futures and options – equivalent to 200,000 contracts – between June 6 and June 16. Click here to read full stories.

Jun 22 - Paraguayan farmers protest proposed grains export tax 

Thousands of farmers in Paraguay protested on Wednesday against a proposed 15 percent tax on soy, corn and wheat exports that will likely come to a vote in the Senate this week. Farmers in the world's No. 4 soy exporter gathered in Itapua, one of the main agricultural areas of the landlocked South American country, complaining the tax would put an end to corn and wheat planting and shrink soy output. Click here to read full stories.

Jun 22 - Extreme heat grips Northern Hemisphere on summer solstice

Extreme heat across large tracts of the Northern Hemisphere raised fears for crops in China, fuelled forest fires in Portugal and Russia's Far East, forced flight cancellations in the Southwest U.S., and melted tarmac on roads in Britain. As Wednesday marked the summer solstice - the longest day of the year - forecasters said temperatures in Paris were expected to hit 37 Celsius (100 Fahrenheit), Madrid could see 38C, and London was set for 34C with warnings of thunderstorms. Click here to read full stories.

Jun 22 - Agrium-Potash merged company to be called Nutrien 

Canadian fertilizer producers Agrium Inc and Potash Corp of Saskatchewan Inc, which are seeking regulator approval to merge, said on Wednesday that the combined company would be called Nutrien. The companies said in a statement that they expect the deal to close in the third quarter of the year. Agrium and Potash announced plans to merge last year, as excessive supplies weigh on fertilizer prices. The deal requires approval from regulators in the United States and elsewhere. Shares of both companies rose slightly in afternoon trading. Click here to read full stories.

Jun 22 - Argentine grains shipping back to normal after strike suspended 

Grains shipping from Argentina's main port system of Rosario returned to normal on Wednesday after the government ordered dock workers to go back to work after a week-old strike that had slowed soy and corn exports to a trickle. About 80 percent of Argentine grains exports are shipped from Rosario, a vast port complex located on the country's main Parana River waterway.  Click here to read full stories.

Jun 22 - Canada 'waiting and seeing' on farm issues ahead of NAFTA talks 

Canada will not publicly complain about agriculture trade irritants with the United States, ahead of North American trade negotiations, Canadian Agriculture Minister Lawrence MacAulay said on Wednesday. "We have to wait to see how the table is set, and then we'll deal with the issues that are on the table," MacAulay said on a conference call from Georgia, where he was meeting with U.S. and Mexican officials. "...We're just waiting and seeing." Click here to read full stories.

Jun 22 - CFTC fines U.S. cattle futures traders $5 million

U.S. futures regulators fined a Memphis trading firm and three associates $5 million on Wednesday for using a manipulative tactic in CME Group Inc's cattle futures, a market grappling with extreme volatility. The Commodity Futures Trading Commission said it penalized McVean Trading & Investments $1.5 million and its chairman, Charles Dow McVean, $2 million under a settlement deal after an investigation. President Michael Wharton was fined $1 million and Samuel Gilmore, a consultant to the firm, was fined $500,000. Click here to read full stories.

Jun 22 - Democratic lawmakers raise pressure on EPA over Icahn's biofuels role 

U.S. Democratic lawmakers asked Environmental Protection Agency head Scott Pruitt on Wednesday to disclose procedures to prevent billionaire Carl Icahn from influencing U.S. biofuels policy for personal gain. The letter is the latest in a string of missives from Democrats concerned about Icahn's dual role as a special adviser to President Donald Trump on regulation and as a major investor in heavily regulated industries. Click here to read full stories.

Jun 22 - U.S. meat processor Tyson to test new method to stun chickens

Tyson Foods Inc will test a new way to render chickens unconscious before slaughter, the company said on Wednesday, in the latest sign that heightened concerns about animal welfare are affecting U.S. meat processors. Within the next year, Tyson, the biggest U.S. chicken company, will launch a pilot program at two processing plants to use gas instead of electricity to stun birds before they are killed. Click here to read full stories.

Jun 21 - Asian CPO Ends Lower Amid Weaker Sentiment, Sluggish Export Demand (Dow Jones)
Asian crude palm oil price futures ended Wednesday's trading session lower, pressured by bearish market sentiment across most Asian markets. Concerns of a glut led oil prices into a bear market overnight, putting investors under stress. Weak export demand for palm oil for the first 20 days of the month also led to price weakness, traders say. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange ended down 25 ringit at MYR2,441/ton.

Jun 21 - Heatwave damages French wheat crops, rain helps in northern Europe

A heatwave hitting France and southern Europe will damage this year's wheat crops, mainly in top EU producer France and in Spain, while rainfall benefited crops in Germany, Poland and Britain where they are expected to be higher, analysts said. Mounting concerns about the impact on crops of a heatwave in France, the European Union's biggest wheat grower and exporter, sent Euronext wheat futures rocketing to near one-year highs on Tuesday. Click here to read full stories.

Jun 21 - Brazilian meatpacker JBS plans to sell $1.8 billion in assets 

Brazilian meatpacker JBS SA revealed plans to sell assets worth $1.8 billion on Tuesday, putting dairy, poultry and cattle feeding units on the block to cut debt after a corruption scandal raised concerns about its financing costs. JBS, whose controlling shareholder recently agreed to pay a massive leniency fine after becoming embroiled in sweeping graft probes that have ensnared politicians and executives, said in a securities filing that its board and state development bank BNDES still had to approve the planned asset sales. Click here to read full stories.

Jun 21 - Egypt closes wheat harvest just short of target at 3.4 mln tonnes 

Egypt announced the close of its local wheat harvest on Tuesday, having bought 3.4 million tonnes of wheat from farmers, Supply Minister Ali Moselhy said, just short of the government's target of 3.5-4 million. Egypt, the world's largest importer of wheat, reformed its local procurement process this year to end widespread fraud and smuggling of the grain from abroad that had inflated its collection figures in years past, costing the country millions of dollars. Click here to read full stories.

Jun 21 - China nearly doubles 2017 subsidy for farmers to rotate crops 

China will spend almost twice as much this year on subsidies to encourage farmers in the northeast to reduce corn plantings as it intensifies its push to rebalance grain stocks. The country will issue 2.56 billion yuan ($374.95 million) in funds to pay farmers subsidies to rotate their corn plantings with other crops every other year as well as to leave some land fallow, the Ministry of Finance said on Tuesday. Click here to read full stories.

Jun 21 - Global dairy prices fall, after six auctions of gains 

Global dairy prices slipped, breaking a winning streak of six consecutive rises, at a fortnightly auction on Wednesday, as whole milk powder softened. The Global Dairy Trade (GDT) Price Index dipped 0.8 percent, with an average selling price of $3,434 per tonne, in the auction held in the early hours of Wednesday morning. The index had risen 0.6 pct at the previous sale. Click here to read full stories.

Jun 21 - U.S. grain handler Lansing buys Interstate as consolidation continues

Grain handler Lansing Trade Group LLC is buying Interstate Commodities, marking another step in consolidation that is rippling through the U.S. agriculture sector as persistently low prices keep pressure on profits. The combined companies could handle as much as 7 percent of the U.S. corn supply of over 15 billion bushels, according to the companies' websites. Click here to read full stories.

Jun 21 - Bangladesh to cut rice import duty to cool local prices 

Bangladesh will lower tax on rice imports in a bid to cool record-high local prices amid dwindling state reserves, the country's commerce minister said on Tuesday. Domestic rice prices reached an all-time high in May after flash floods hit local output and state rice stocks plunged to 10-year lows.  Click here to read full stories.

Jun 21 - Kazakhstan sees lower grain crop this year - Reuters

Kazakhstan, Central Asia's biggest grain producer, sees its 2017 grain crop at between 17 million and 18 million tonnes, lower than last year, Agriculture Minister Askar Myrzakhmetov said, in his first estimate for the new season. Last year's grain crop totalled 20.6 million tonnes. Kazakhstan, which supplies grain to its Central Asian and Caspian Sea neighbours, plans to export 8 million-8.5 million tonnes of grain in the new 2017/18 marketing year, which starts on July 1, the minister told Reuters. Click here to read full stories.

Jun 21 - India's Punjab state to forgive over $1.5 billion in farm debts

India's northern Punjab state will waive more than $1.5 billion in loans to farmers, becoming the third state to do so in response to growing rural distress caused by food oversupply and weak prices. The South Asian nation is carrying a huge inventory of food grains from last year's record harvest, while exports have been hit by an appreciating rupee, falling global prices and restrictions on overseas shipments.

Jun 21 - Asian CPO Prices Lower as Asian Market Broadly Weaker (Dow Jones)
Asian palm-oil prices are lower early Wednesday as the commodity is hit by bearish sentiment across Asia. Markets are under pressure after oil prices entered a bear market overnight on ongoing concerns about oversupply. Furthermore, investors remain somewhat concerned about palm-oil demand after Malaysia's palm-oil export estimates for the first 20 days released Tuesday showed a decline on month. Bursa Malaysia benchmark palm-oil prices are trading down 25 ringgit at 2,441 ringgit a ton.

Jun 21 - Whole Milk Powder Auction Prices Fall as NZ Production Improves (Dow Jones)
Global Dairy Trade whole milk powder prices fell more than the future's market had priced in likely due to better than expected New Zealand production, says ASB Bank in a note; "Dairy markets had pushed whole milk powder prices around 16% higher over March, April and May as they factored in the possibility of disrupted NZ supply." However, NZ production held up. April NZ production was 6.8% higher than April 2016. It adds, however, that global demand remains high although prices could retreat from the record highs as new season production ramps up. NZX whole milk powder futures are trading down US$120/ton at US$3,050/ton.

Jun 20 - Asian CPO Closes Lower on Dismal Exports (Dow Jones)
Asian crude palm oil futures ended lower Tuesday, dragged by lackluster exports. Malaysia's palm-oil exports during the June 1-20 period fell 15% on month to 721,020 metric tons, according to cargo surveyor Intertek Agri Services. Another surveyor, SGS (Malaysia) Bhd. estimated exports were down 16.7% on month at 710,322 metric tons. "Demand is waning as the Ramadan festival month draws to a close, putting pressure on prices," says David Ng of Philip Futures in Kuala Lumpur. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange ended down MYR28 at MYR2,460/ton.

Jun 20 - China's pork demand hits a peak, shocking producers, as diets get healthier

China's frozen dumpling makers are finding there's a quick route to winning new sales - increase the vegetable content, and cut down on the meat. This departure from traditional pork-rich dumplings is a hit with busy, young urbanites, trying to reduce the fat in diets often heavy on fast food. Click here to read full stories.

Jun 20 - Chinese beef buyers race to get hands on American steak 

Chinese meat importers are racing to get their hands on the first shipments of beef from the United States in 14 years, as strong demand for premium steaks continues to grow in the $2.6 billion beef import market. China and the United States last week settled the conditions for American beef exports after the two sides agreed in May to resume the trade. Pent-up demand for U.S. meat could erode sales of Australian beef, China's current top supplier of premium steaks. Click here to read full stories.

Jun 20 - TR Crop Watch: Corn conditions decline in SE Illinois -Braun 

Two of the three TR Crop Watch producers – with the exception of the one in southeastern Illinois - were generally pleased with the weather conditions over the past week, but more rainfall would make the growers more comfortable as the pollination period nears. The farmers of TR Crop Watch – which features weekly, real-life check-ins with two farmers in Illinois and one in Minnesota – are currently expecting average to above average yields for this year’s corn and soybean harvest. Click here to read full stories.

Jun 20 - Argentine grain ships halted when replacement workers quit 

Grain cargo ships in Argentina's main shipping hub of Rosario were halted late on Monday when replacement workers filling in for striking unions walked off the job after receiving threats, the country's export chamber said. Regular port workers were on the fifth day of a wage strike on Monday when replacement workers were brought in early in the day, allowing for the resumption of some loading of freshly harvested corn and soy. Click here to read full stories.

Jun 20 - Argentine soy farmers shun low prices, sales plummet 

Argentine growers are holding soybeans back from the market because of low prices, a move that has dampened sales at a time of slow market activity in Brazil as well, local farm experts said on Monday. Hoarding of beans in the two South American grains powerhouses could end up putting upward pressure on international soybean prices. Argentine sales to exporters are down 22.6 percent versus last year, totaling 6.9 million tonnes as of June 7, according to the most recent official data. Click here to read full stories.

Jun 20 - Chairman at Malaysia's FGV steps down after initiating probe into management 

The chairman of Felda Global Ventures Holdings Bhd (FGV)  stepped down on Monday, which Malaysia's government said would preserve the integrity of investigations into the firm'sCEO and other executives that he had initiated. In a rare public reprimand, the prime minister's office also said there were bigger corporate governance and control issues that FGV needed to address urgently. Click here to read full stories.

Jun 20 - Russian wheat prices up on higher global benchmarks, crop delay 

Russian wheat export prices have risen for a fifth week on the back of higher global benchmarks and due to a possible late arrival of the domestic harvest after rainy weather in the spring, analysts said on Monday. High demand from Egypt, the world's largest wheat importer, and Russia's new rules on strict value-added tax accounting for the agriculture sector also added to support, they said. Click here to read full stories.

Jun 20 - India Imports More Vegetable Oils (S.E.A.I - Dow Jones)
India's vegetable-oil imports surged 35% in May from a year earlier amid both increased demand and a lack of availability of domestic oils, according to the Mumbai-based Solvent Extractors' Association of India. It notes lower prices in local markets for oilseeds following a bumper crop have discouraged farmers from bringing their crop for crushing.

Jun 20 - Asian Palm Oil Prices Likely to Take Cues From Export Estimates (Dow Jones)
The key for Asian palm oil prices Tuesday will likely be the release of Malaysian palm oil export estimates from cargo surveyors Intertek and SGS later in the day. Exports in the first 15 days of the month were sharply lower after a drop in offshore demand from June 10-15. Investors will be looking to see whether there has been any improvement in demand or if remains weak. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange ended Monday up 4 ringgit a ton at MYR2488/ton.

Jun 20 - Australian Wool Prices Expected to Remain High on Demand (Dow Jones)
Australia wool prices are expected to remain high as demand for superfine apparel wool has grown steadily but producers have been limited in their ability to respond at the same rate, says the Australian Bureau of Agricultural and Resource Economics and Sciences in its quarterly report; "Strengthening economic growth in the U.S. and growing consumer demand in China are expected to drive increased demand for apparel wool, particularly in the finer micron range." It adds that it forecasts the Eastern Market Indicator to average around A$14.45/kg in 2017/2018, up from A$14.00/kg in the prior year.

Jun 20 - Global Cotton Stocks Forecast to Fall 4% in Current Year (Dow Jones)
Global cotton stocks are forecast to fall 4% to 19 million metric tons as world demand for raw cotton exceeds production for the third consecutive year in the 12 months to the end of June 2018, says the Australian Bureau of Agricultural and Resource Economics and Sciences in its quarterly report. "World cotton consumption in 2017-18 is forecast to increase year-on-year by 2% to 25.1 million tonnes," it says. Demand for raw cotton will come from textile and garment industries in non-OECD countries, particularly Bangladesh, Brazil, China, India, Pakistan, Turkey and Vietnam, it says, citing income and population growth in those countries that has rapidly expanded the textile and garment industries.

Jun 19 - Cotlook 'A' Index Lower At 83.40 cents/pound (COTLOOK)
        'A' Index for Jun 16:  Dn 1.30 at 83.40 cents/pound.
Forward "A" Index: 79.40  Dn 1.50

Jun 19 - Asian CPO Ends Flat on Demand Concerns (Dow Jones)
Asian crude palm oil prices ended Monday's trading session flat amid worries about weaker demand. "Post Ramadan festival is taking a toll on demand," notes David Ng of Philip Futures in Kuala Lumpur. Market watchers will be waiting to see palm oil export demand for the first 20 days of June to be released Tuesday by cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange last traded unchanged at MYR2484/ton.

Jun 19 - Mubadala not eyeing bid for Brazil's JBS - source 

Shares of JBS SA erased gains on Friday after a source denied that Abu Dhabi sovereign wealth fund Mubadala Development Co PJSC was arranging partners to make a bid for control of the world's largest meatpacker. A person with direct knowledge of Mubadala's strategy told Reuters that, despite a report by Brazilian business magazine Exame earlier in the day, there was no interest or intention at this point to bid for JBS.  Click here to read full stories.

Jun 19 - Russia 2017/18 wheat exports seen at record, Ukraine down 18 pct - poll

Large stocks should help Russian wheat exports climb to a record level in the 2017/18 marketing year despite a drop in production in the region which should lead to a decline in shipments from Ukraine, a Reuters poll showed. Overall exports from Russia, Ukraine and Kazakhstan are forecast to fall 3.3 percent to 50.4 million tonnes in the upcoming season which starts on July 1, the poll of 16 analysts, officials and traders showed. Click here to read full stories.

Jun 19 - U.S. farmers slam Trump's Cuba clampdown, press forward with trade visit

U.S. farm groups criticized President Donald Trump's decision to retreat from his predecessor's opening toward Cuba, saying it could derail huge increases in farm exports that totaled $221 million last year. A trade delegation from Minnesota, one of the largest U.S. agriculture states, vowed to carry on with its planned visit to Cuba next week. "We're going to continue to beat the drum and let them (the Trump administration) know that trade is good for agriculture," said Kevin Paap, a farmer in the delegation. Click here to read full stories.

Jun 19 - Indonesia palm oil stockpiles likely fell in May as exports rose - Reuters survey 

Indonesia's palm oil stockpiles likely fell in May as exports increased because of higher consumer demand ahead of the start of the Islamic holy month of Ramadan, a Reuters survey showed. Crude palm oil (CPO) production in Indonesia, the world's top producer of the vegetable oil, likely rose in May to 3.38 million tonnes from 2.9 million tonnes in April, according to the median estimate in a survey of three industry associations and a state palm research firm. Click here to read full stories.

Jun 19 - India raises soybean minimum purchase price by 10 pct -trade 

India has raised the minimum purchase price for soybeans to 3,050 rupees ($47.31) per 100 kg from 2,775 rupees, trade sources told Reuters, as the government seeks to protect farmers from falling market prices. The South Asian nation is carrying a huge inventory from last year's record harvest, compounding the woes of millions of debt-ridden farmers who are struggling with low prices amid a glut of produce such as lentils, oilseeds and cereals. Click here to read full stories.

Jun 19 - Egypt has procured 3.6 million tonnes of local wheat - ministry 

Egyptian farmers have produced between 8 and 9 million tonnes of wheat this season and sold 3.6 million of them to the government, an Agriculture Ministry spokesman said on Saturday. The local procurement season runs until July and the government has said it is targeting 3.5 million to 4 million tonnes of local wheat this year. Click here to read full stories.

Jun 19 - Cow farm in Qatari desert struggles amid Arab boycott 

On a cattle farm in the desert outside Doha, hundreds of cows imported from the Netherlands are led into an air-conditioned hall to be milked by Asian workers in orange uniforms. Ghadeer farm, set among scrubland near a U.S. air base, is scrambling to meet a surge in demand for milk caused by a Saudi-led economic boycott of Qatar that has raised fears of food shortages in a country dependent on imports. Click here to read full stories.

Jun 19 - China to vaccinate poultry against H7N9 bird flu next month

China has decided to vaccinate poultry from next month against the H7N9 bird flu virus, after it claimed hundreds of lives last winter and caused major damage to the industry. The vaccination programme will kick off in Guangdong and Guangxi in southern China in early July, said a notice from the agriculture ministry posted on the official WeChat account of the Chinese Veterinary Medical Association this week. Click here to read full stories.

Jun 19 - Malaysia Palm-Oil Prices Still Range-Bound (Dow Jones)
Malaysian palm-oil prices rebound to start the week but still in their recent trading range as investors continue to look for more information on whether supplies will start rebuilding and how production is tracking. Focus is on Tuesday's release of month-to-date Malaysia palm-oil export estimates. For 1H, they were sharply lower. The Bursa Malaysia benchmark palm oil contract is up 0.9% at MYR2,507 ringgit/ton.

Jun 19 - Australian Beef Prices Likely to Rise Further Over Winter (Dow Jones)
Prices for most classes of Australian beef have remained strong over 1H 2017 and with supplies expected to decline over winter, prices will likely continue to rise slightly through the winter, says Rabobank in a note. However, it notes that total beef exports declined 5% in May on year following weaker production in April. It notes espectively for the year to May. The Eastern Young Cattle Indicator, the Australian benchmark, is down A$0.01/kg at A$6.415/kg.

Jun 16 - Asian CPO Settles Higher on Weaker Ringgit (Dow Jones)
Asian crude palm oil futures price ended higher Friday, buoyed by a weaker ringgit. "The weaker currency will support the export sentiment in the near-term despite an increase in palm oil tax for July," notes David Ng of Philip Futures in Kuala Lumpur. He expects prices to trade between MYR2,450/ton ($572) and MYR2,520/ton ($589) over the next few days. The Bursa Malaysia palm oil contract for September delivery ended MYR33 ($7.7)higher at MYR2,482/ton ($580).

Jun 16 - Australia Wool Prices Regain Some Value As Supply Tight (Dow Jones)
Australian wool prices have regained some of their value lost in recent weeks, on large gains in fine-to-medium fine wool, according farm group Australia Wool Innovation. It notes the gains were partly due to seasonal tightness in the market that meant "it took just two or three buyers to act aggressively and prices soared radically." The Eastern Market Indicator, the benchmark for Australian wool prices, ended the week up 1.9% at A$15.06 per kilogram. The indicator is now more than 20% higher than it was a year ago.

Jun 16 - Lumber Futures Flat Before Antidumping Ruling (Dow Jones)
Lumber futures were steady this week ahead of the Commerce Department's June 23 decision on whether to impose antidumping tariffs on Canadian lumber imports. That would add to the 20% in countervailing duties the U.S. slapped on its northern neighbor's timber in April. This time, though, futures traders appear less fussed. That is in part because the spring-time building bounce is over, says Kansas City-based broker Stinson Dean. "Folks aren't as nervous about covering an entire spring season's worth of activity," he says. CME July lumber futures closed 0.3% lower for the week at $363.40 per 1,000 board feet. Capital Economics says prices are likely to fall further.

Jun 16 - U.S. weather concerns may not be enough for summer corn rally -Braun

This is the time of year when traders hinge their bets on every single weather model run for the U.S. Corn Belt, and the past week has been no exception. But even with the seemingly back-and-forth weather models, large global supplies may keep the lid on any potential seasonal rally in Chicago corn futures this summer. Click here to read full stories.

Jun 16 - Dow, DuPont merger wins U.S. antitrust approval with conditions 

DuPont and Dow Chemical Co have won U.S. antitrust approval to merge on condition that the companies sell certain crop protection products and other assets, according to a court filing on Thursday. The asset sales required by U.S. antitrust enforcers were similar to what the companies had agreed to give up in a deal they struck with European regulators in March. The deal is one of several big mergers by farm suppliers, and the antitrust approval was quickly denounced by the head of the National Farmers Union, saying that farmers would face higher costs. Click here to read full stories.

Jun 16 - NOPA May soybean crush bigger than expected

U.S. soybean crushings were heavier than expected during May, with plants in the eastern Midwest, Iowa and the Southwest sharply raising their pace of processing during the month, the National Oilseed Processors Association said on Thursday. NOPA said that its members crushed 149.246 million bushels during May, the second busiest May on record and up from 139.134 million bushels in April. A year ago, the May crush was 152.280 million bushels. Click here to read full stories.

Jun 16 - Strategie Grains cuts EU 2017 grain forecasts as weather takes toll 

Hot and dry weather in most of Europe in recent weeks prompted consultancy Strategie Grains to cut its estimates for most grain crops in the European Union, notably barley, it said on Thursday. The reduced outlook is the latest downward revision in forecasts for this year's harvest in European countries affected by adverse weather since early spring.  Click here to read full stories.

Jun 16 - India's poultry producers cash in on feed cost slump, beef slaughter curbs 

India's poultry producers are posting record profits as feed costs have dropped to a five-year low and on rising chicken demand after cattle slaughtering restrictions were enacted in the majority Hindu country. Poultry company profits should continue to rise as raw material costs are set to remain depressed and demand rises due to the political fight over cattle slaughtering in India, home to the world's biggest population of Hindus, who hold cows to be sacred, plays out in the courts. Click here to read full stories.

Jun 16 - Egypt agricultural ministry to appeal ruling on food inspection system 

Egypt's agriculture ministry plans to appeal a court ruling that suspended a food inspection system launched to reform trade in agricultural commodities, Agriculture Minister Abdel Moneim Al-Banna told Reuters on Thursday. On Tuesday a Cairo court ordered that inspections should return to the agriculture quarantine body. The court decision raised the prospect that Egypt might re-impose a ban on the grain fungus ergot, a policy that rattled global wheat markets and led to boycotts of Egypt's state grain tenders when it was briefly introduced last year. Click here to read full stories.

Jun 16 - At least 20 grain ships halted by Argentina port strike - chamber 

More than 20 grains cargo ships had to drop anchor along Argentina's Parana River on Thursday due to a wage strike by members of the CGT San Lorenzo port workers union, a spokesman for the country's CIARA-CEC export company chamber said. "Starting this afternoon, there are 20-some ships that are unable to move," CIARA-CEC spokesman Andres Alcaraz told Reuters by telephone. Click here to read full stories.

Jun 16 - Seized Moroccan phosphate ship to stay in South Africa, court rules

A South African court ruled on Thursday that a seized ship carrying a Moroccan cargo of phosphate from the disputed Western Sahara should remain in port until the case goes to trial or security is posted, a lawyer for the Polisario independence movement said. The Polisario Front alleges the 50,000 tonne shipment en route to New Zealand was illegally taken from Western Sahara territory and went to court to have the cargo seized. Click here to read full stories.

Jun 16 - Djibouti opens new port for Ethiopia potash exports

Djibouti on Thursday inaugurated a new port that will serve as the main gateway for potash exports from neighouring Ethiopia, the second of four new ports that will boost the tiny Horn of Africa nation's position as a continental hub. The port in the small fishing town of Tadjourah in the north of the country is the closest outlet for Ethiopia's Afar and Tigray regions, where a number of foreign companies are developing potash mines. Click here to read full stories.

Jun 16 - Asian Palm Oil Higher as Ringgit Declines (Dow Jones)
A stronger dollar is helping boost Asian palm-oil prices, which are denominated in Malaysia's ringgit. As such, investors seem to be largely ignoring data released Thursday which estimated the country's palm-oil exports have slumped so far this month. The Bursa Malaysia benchmark palm-oil contract is up 0.8% at MYR2,519/ton.

Jun 16 -  Prix du lait : La FNPL et JA lèvent le siège (ER + AFP)
  Face à des coopératives qui s’engagent à « rétrocéder intégralement les hausses de tarifs qui seront concédées par leurs différents clients », la FNPL et JA ont annoncé hier soir, le 14 juin 2017, la levée des actions syndicales sur le terrain.
  Le bras de fer s’est officiellement achevé hier, les syndicats de producteurs considérant qu’ils ont remporté la manche face aux coopératives. « La coopération s’est dite prête à revaloriser le prix du lait au troisième trimestre de 2017 en s’engageant à respecter la loi Sapin 2, détaillent la FNPL et JA dans leur communiqué. Elle s’est engagée à lier la rémunération des producteurs à la valorisation du marché intérieur laitier, avec l’objectif de couvrir systématiquement les coûts de production. »
  Hier soir, les actions sur les sites de Sodiaal au Mans (Sarthe), de Terrena à Ancenis (Loire-Atlantique) et d’Agrial à Herbignac (Loire-Atlantique) ont pris fin. « Nous avons obtenu une valorisation du prix du lait qui sera à hauteur des coûts de production, autour de 340 €/1 000 l », a déclaré Mélanie Dubois, de la FDSEA 72. La fin de la mobilisation intervient après l’annonce de Sodiaal de la redistribution de près de 25 millions d’euros aux producteurs au titre de l’exercice 2016.
  La FNPL et JA passent maintenant à l’étape suivante. Ils ont pris rendez-vous avec les représentants de la distribution vendredi, « dans le cadre des échanges établis de longue date avec les enseignes. Il faut que la filière laitière fonctionne ! L’enjeu est d’obtenir des engagements précis sur l’application de la loi Sapin 2 pour les MDD (marques de distributeur) permettant d’avoir enfin pour les producteurs, un niveau de prix conforme à la bonne valorisation du marché français. »
  De leur côté, les coopératives laitières « confirment tout mettre en œuvre pour satisfaire l’impératif de revalorisation du prix du lait et s’engagent à rétrocéder intégralement les hausses de tarifs qui seront concédées par leurs différents clients, à condition que celles-ci soient effectives dès le 1er juillet sur l’ensemble des catégories de produits laitiers. » Autrement dit, elles attendent de voir comment les distributeurs et la restauration hors domicile vont réagir.
  Les coopératives n’attendent pas un geste des distributeurs que sur les MDD. Dans son communiqué, la FNCL cite les gammes de premier prix et le hard-discount. « En fonction de leur mix-produit et du niveau des augmentations perçues de leurs clients, et dans le respect du droit de la concurrence, les coopératives laitières s’engagent à répercuter à leurs associés coopérateurs l’ensemble des hausses consenties sur ces segments », promet-elle.
  La FNCL estime que tout cela sera « efficace et durable qu’à la seule condition de mesures structurelles, assure Dominique Chargé, son président. Au niveau national, l’arrêt de la guerre des prix entre distributeurs et une nouvelle loi des relations commerciales basée sur la création de valeur. Au niveau européen, des outils de prévention et de gestion de crise doivent être mis en place dans la prochaine Pac, pour éviter les effets trop extrêmes de la volatilité. »

Jun 16 - Plus d’un million de signatures contre le glyphosate (La France Agricole)
  Les organisateurs prévoient de soumettre l’initiative citoyenne européenne à la Commission européenne au début de juillet. Celle-ci devra ensuite apporter une réponse aux sollicitations des citoyens sous trois mois. Avant que le sort du glyphosate ne soit fixé.
  Lancée au début de février par 38 ONG européennes, l’initiative citoyenne européenne (ICE) « Stop Glyphosate » a réuni le nombre de signatures nécessaire pour être présentée à la Commission européenne : plus d’un million, au sein de 7 États membres de l’Union européenne (UE). Un « engouement » qui « démontre une préoccupation sociétale importante à l’égard des pesticides », rappelle Générations futures. Les conditions ont été remplies « en moins de cinq mois », soit le succès le plus fulgurant depuis la création de cet outil par l’UE en 2012, s’est félicité Greenpeace.
  Outre l’interdiction du glyphosate, l’ICE demande qu’une réforme de la procédure d’approbation des produits phytosanitaires soit menée, et que des objectifs obligatoires de réduction des phytos à l’échelle de l’UE soient fixés. À partir du moment où l’ICE et son million de signatures certifiées et validées par les autorités de chaque État membre sont envoyées à la Commission européenne, celle-ci a 3 mois pour réagir. En agissant ou pas dans le sens que les signataires attendent, mais avec une justification de sa décision.
  Le calendrier de l’ICE colle avec celui de la réapprobation du glyphosate. La Commission, forte du second avis d’une agence scientifique européenne, va effectivement réengager la procédure de réautorisation du glyphosate au niveau européen, a priori pour 10 ans. Le commissaire européen à la Santé et à la Sécurité alimentaire estime qu’il n’a « aucune raison de remettre en question » le glyphosate et compte remplir ses obligations : poursuivre la procédure d’autorisation de l’herbicide.
  Selon Générations futures, elle devrait faire une proposition formelle aux États membres de l’UE « avant […] le 19 juillet » puis ceux-ci « seront invités à voter cette proposition après l’été ». Les organisateurs de l’ICE soumettront les signatures au début de juillet afin d’exiger que le Conseil réponde formellement « avant que la décision finale sur une nouvelle autorisation de glyphosate soit faite », a indiqué Générations futures dans un communiqué reçu ce jour.

Jun 15 - Asian CPO Ends Stronger Tracking Rival Oils (Dow Jones)
Asian crude palm oil price futures closed higher Thursday, following gains in soy oil prices on the Chicago Board of Trade and China's Dalian Commodity Exchange. "Firmer soy oil prices drove the market sentiment despite fall in export demand for palm oil," a Kuala Lumpur-based trader says. Malaysia's palm oil exports during the June 1-15 period are estimated down 17.6% on month at 508,960 metric tons, according to cargo surveyor Intertek Agri Services. Another surveyor, SGS (Malaysia) Bhd. estimated palm oil exports down 14.7% on month at 523,505 metric tons. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange closed up 42 ringgit at MYR2,498/ton.

Jun 15 - Dow launches new GMO corn after landing China import approval

Dow Chemical Co secured import approval from China for its next-generation Enlist corn variety and announced it would be commercially available in the United States and Canada next year, but the company was still awaiting approval of Enlist soybeans from the world's top soy importer. China on Wednesday approved two new varieties of genetically modified (GMO) crops for import from June 12, including Dow's Enlist corn, engineered to combat weeds resistant to the widely used herbicide glyphosate, which is the main ingredient in Monsanto's popular Roundup herbicide. Click here to read full stories.

Jun 15 - Cattle slaughter crackdown ripples through India's leather industry 

In the backstreets of Agra's Muslim quarter, where shoes have been made for centuries, small-scale manufacturers are firing workers and families cutting back on spending as a government crackdown on cattle slaughter ripples through the community. The election of Indian Prime Minister Narendra Modi of the Hindu nationalist Bharatiya Janata Party (BJP) three years ago has emboldened right-wing Hindu groups to push harder for protection of the cow, an animal they consider sacred. Click here to read full stories.

Jun 15 - Egypt keeps food inspection system for now, despite court ruling 

Egypt, the world's largest wheat buyer, will keep its food inspection system for now, after a court ordered on Tuesday it should be suspended, Agriculture Minister Abdel Moneim Al-Banna told Reuters on Wednesday. The court decision raised the prospect that Egypt might re-impose a ban on common grain fungus ergot, a policy that rattled global wheat markets and led to boycotts of Egypt's state grain tenders when it was briefly introduced last year. Click here to read full stories.

Jun 15 - Baltic Exchange exploring new freight indexes for grains 

The Baltic Exchange is looking into launching freight indexes for grains and liquefied natural gas (LNG) as the London-run business targets new markets after its acquisition by Singapore Exchange last year, the Baltic's chief executive said. Founded in 1744 as a forum for chartering vessels, the Baltic Exchange now produces benchmark indexes for global shipping rates and owns a trading platform for the multi-billion dollar freight derivatives market. Click here to read full stories.

Jun 15 - U.S. beef speeds to China by air as trade deal ends 14-year ban

The first shipment of U.S. beef to China under a new trade deal went airborne on Wednesday, a Nebraska meat company said, just two days after Washington finalized details to resume exports, ending a 14-year ban. Greater Omaha Packing Co said it shipped beef by plane to China from Nebraska, a top U.S. beef producing state, to meet strong demand. Click here to read full stories.

Jun 15 - Cancer agency left in the dark over glyphosate evidence 

When Aaron Blair sat down to chair a week-long meeting of 17 specialists at the International Agency for Research on Cancer in France in March 2015, there was something he wasn't telling them. The epidemiologist from the U.S. National Cancer Institute had seen important unpublished scientific data relating directly to a key question the IARC specialists were about to consider: Whether research shows that the weedkiller glyphosate, a key ingredient in Monsanto's best-selling RoundUp brand, causes cancer. Click here to read full stories.

Jun 15 - FranceAgriMer ups wheat stocks outlook as Asia exports disappoint

Farm office FranceAgriMer raised its forecast for French soft wheat stocks at the end of the 2016/17 season, as it trimmed projected exports outside the EU after an expected run of shipments to Asia failed to materialise. France, the European Union's biggest grain producer, was now seen ending the season on June 30 with 2.7 million tonnes of soft wheat stocks, excluding on-farm inventories, up from 2.4 million estimated last month, FranceAgriMer said on Wednesday. Click here to read full stories.

Jun 15 - Brazil bumper soy and corn crops sparks surge in silo bags 

Brazilian farmers are resorting to plastic silo bags as they seek a quick-fix, low-cost solution to store grains amid bumper crops of soybeans and corn and low prices. This season an unprecedented volume of grains will be stored in such 180-tonne (400,000-lb) bags, as permanent structures like silos cannot be financed and built on short notice. Click here to read full stories.

Jun 15 - Palm oil demand weakness set to outweigh June's likely output decline 

Palm oil prices could come under further pressure in June as weakening export demand outweighs an expected drop in production during the Ramadan and the Eid-Al-Fitr holiday period. Benchmark pricesfor palm oil, used to make everything from cooking oil and soap to cosmetics, have already shed about 20 percent so far this year on an expected rise in output after a drought-affected crop last year. Click here to read full stories.

Jun 15 - Malaysia Palm-Oil Slightly Lower, Prices Stay in Narrow Range (Dow Jones)
Malaysia's palm-oil prices are slightly lower in early trading, but prices continue to trade in a narrow range. Next key risk event for prices is an update from the U.S. Commerce Department Friday on its investigation into whether the U.S. biofuel industry was "materially injured" by imports from Indonesia and Argentina, which allegedly subsidize their producers and sell products below fair value. Both countries have rebuffed the allegations. The Bursa Malaysia benchmark palm-oil price is currently trading down 5 ringgit a ton at 2,451 ringgit a ton.

Jun 15 - ASX Wheat Futures Supported by Dry Weather (Dow Jones)
ASX eastern January wheat futures are unchanged after a small rally Wednesday that saw them trade at their highest level in around a year. Tobin Gorey, an analyst at Commonwealth Bank of Australia says the move is due to dry conditions. While the Western Australia winter crop has received some rain "the amounts are too modest to move the moisture needle by much" so "prices are likely to retain their weather premium," he says. ASX Eastern Wheat futures is currently trading unchanged at A$265/ton.

Jun 15 - Japan's Butter Supplies Rise as Consumption Falls (Dow Jones)
Japan's butter inventory supply is up 32% on year due to relatively flat butter consumption and substantial butter imports, says the US Department of Agriculture in a note. This reverses a trend that has seen Japan suffer from butter shortages for the past 3 years. The USDA adds that only 70% of the butter tendered in 2017 by the government has been bought, which is "an indication of the current stability in the Japanese butter market." However, the USDA notes that Japan is importing more non-fat dry milk over the next 9 months to meet demand after domestic production fell.

Jun 15 - India Oilmeal Exports Rise Amid Improved Weather (Solvent Extractors)
Last year's good monsoon rains helped allow India's oilmeal exports to surge 69% from a year earlier, according to the Solvent Extractors Association of India, an industry body. The country faced severe water shortages in 2014 and 2015, leading to shortfall in oilseed production. Oilmeal is used as animal feed. The biggest export increase was to Europe.

Jun 15 - Prix du lait : Sodiaal va redistribuer 25 millions d’euros à ses adhérents (La France Agricole)
- Sodiaal a annoncé mercredi la redistribution de 25 millions d’euros aux producteurs au titre de l’exercice 2016, alors que la coopérative est visée depuis quelques jours par des manifestations d’éleveurs qui demandent des hausses de prix.
« L’onde de choc de l’après-quotas a heurté chacune de nos exploitations en 2016. […] À circonstances exceptionnelles, mesures exceptionnelles. Sodiaal, pour sa part, distribuera cette année 25 millions d’euros à ses producteurs, ce qui représente un complément de prix spécifique au modèle coopératif », a déclaré lors de l’assemblée générale le président de la coopérative Damien Lacombe, cité dans le communiqué.
- Par ailleurs, une résolution portant sur la « détermination d’une règle fixe et transparente de répartition du résultat » a été votée lors de l’assemblée générale.
- Des actions de protestation se sont déroulées mardi et mercredi dans la région Ouest, du Finistère au Mans en passant par la banlieue de Rennes, par les producteurs laitiers qui ont bloqué plusieurs coopératives, dont Sodiaal pour réclamer une revalorisation du prix du lait.
Lors de son assemblée générale en 2016, Sodiaal avait proposé la redistribution de 17 millions d’euros de ristourne au titre des résultats de 2015.
- En 2016 pourtant les ventes de la coopérative ont légèrement reculé à 4,8 milliards contre 5 milliards en 2015, comme son excédent brut d’exploitation qui ressort à 122 millions d’euros, contre 118 millions l’année précédente.
- Sodiaal comptait au 31 décembre 2016, plus de 20 000 sociétaires producteurs sur 12 541 exploitations, 9 100 salariés et plus de 70 sites industriels en France. La collecte s’est élevée en 2016 à 4,71 milliards de litres de lait de vache.

Jun 14 - Egyptian court suspends food inspection system meant to ease trade 

An Egyptian court on Tuesday suspended a food inspection system launched to reform the trade in agricultural commodities, lawyers on the case told Reuters, sowing uncertainty again over imports of wheat in the world's largest buyer of the grain. The inspection system was Egypt's answer to a near year-long row over stringent import requirements, including a ban on the common grain fungus ergot, a policy that halted Egypt's wheat trade last year when trading houses boycotted its state tenders. Click here to read full stories.

Jun 14 - China approves 16 GMO crop varieties for import - agriculture ministry

China has approved 16 genetically modified (GMO) crop varieties for import from June 12, the agriculture ministry said on Wednesday, including Syngenta's MIR162 Duracade corn and Dow Agrisciences Enlist corn. The products in total include five GMO soybean varieties, four GMO corn varieties, three rapeseed varieties, three cotton varieties and a sugar beet product. Click here to read full stories.

Jun 14 - France sees winter rapeseed, barley yields hit by harsh weather

France's farm ministry on Tuesday forecast the country's 2017 winter rapeseed and barley crops would rebound from a poor harvest last year but with yields remaining below the average of the past five years due to dry weather and local frost damage. In its first production estimates for this year's harvest, the ministry forecast rapeseed production at 4.77 million tonnes, up nearly 1 percent from last year but down 6 percent on the 2012-2016 average. Click here to read full stories.

Jun 14 - NOPA May U.S. soy crush forecast at 143.192 mln bushels - poll

The National Oilseed Processors Association's May soybean crush was forecast to fall 6 percent below the 2016 level, with U.S. processors slowing their pace amid abundant South American supplies. Analysts were expecting a May crush of 143.192 million bushels, according to the average of six estimates given in a Reuters poll. A year ago, NOPA reported a May crush of 152.280 million bushels. Click here to read full stories.

Jun 14 - Russian wheat prices up on higher global benchmarks 

Russian wheat export prices have risen for a fourth week on the back of higher benchmarks in the United States and Europe, analysts said on Tuesday. European wheat futures last week touched their highest since May 12 on concerns over bad weather damaging crops in the United States. On Tuesday, U.S. spring wheat prices surged to a near two-year high as the condition of the crop was assessed to be well below market expectations.  Click here to read full stories.

Jun 14 - Britain switches to net wheat importer for 2016/17 season 

Britain's wheat exports slowed significantly in April to their lowest monthly total this season while imports surged, customs data showed on Tuesday. Exports in April totalled just 49,434 tonnes, the fifth consecutive monthly decline, while imports climbed to 209,200 tonnes, the highest monthly total this season. Click here to read full stories.

Jun 14 - Australia raises wheat forecast on east coast rains 

Australia slightly raised its forecast for 2017/18 wheat production on Wednesday as favourable weather along the country's east coast looks set to boost output from the world's No. 4 exporter. Australian wheat production is expected to total 24.19 million tonnes, the Australian Bureau of Agriculture, Resource Economics and Rural Sciences (ABARES) said, up nearly 1 percent from its March forecast of 23.98 million tonnes. Click here to read full stories.

Jun 14 - Hog farmer Guangdong Wen's to take stake in COFCO Capital

China's top pig farmer Guangdong Wen's Foodstuff Group is planning to invest between 800 million yuan ($117.70 million) and 1 billion yuan in COFCO Capital, a subsidiary of Chinese agribusiness COFCO Group, the Guangdong company said in a statement on Tuesday. State-owned COFCO said in April that COFCO Capital was seeking to raise 8 billion yuan, including 2 billion yuan from new shareholders, the statement said. Click here to read full stories.

Jun 14 - Value of Brazil agricultural output may hit 27-year high - gov't 

Brazil's government said on Tuesday the gross value of agricultural production may reach the highest level in 27 years due to expectations of a bumper crop in Latin America's largest economy. In a statement, the Agriculture Ministry estimated the value of the country's agricultural production will be 546.3 billion reais ($164.01 billion) this year. If the forecast is met, it will represent a 5.3 percent rise from last year's result. Click here to read full stories.

Jun 14 - Thailand takes steps to help rubber farmers cope with low prices 

Thailand's cabinet on Tuesday approved measures to help rubber farmers and stabilise falling prices, the country's prime minister said. These include an extension to a 10 billion baht ($294.90 million) loan programme for agricultural cooperatives for three more years, and another 10 billion baht loan program for rubber businesses.  Click here to read full stories.

Jun 14 - Ramadan Gives Palm-Oil Prices Short-Term Relief (Dow Jones)
Rising palm-oil exports from Malaysia due to Ramadan "will provide short-term relief" to the market, says Nomura. "This seasonal demand spike led to decreasing inventory levels as production lagged" despite output continuing to rebound from last year's El Nino impacts. Malaysia's palm-oil exports rose 17% from April and supplies fell 2.6%. Nomura notes the Ramadan effect helped exports to India jump 70% and make up 18% of Malaysia's total. The Bursa Malaysia benchmark palm oil contract is up 0.2% at MYR2,436/ton.

Jun 14 - Australian Cotton Production Expected to Increase by 53% (Dow Jones)
Australia's cotton production is expected to increase by 53% in 2016-17 to 960,000 tonnes of cotton lint and around 1.4 million tonnes of cottonseed, says Australian Bureau of Agricultural and Resource Economics and Sciences. However, the forecast is below the U.S. Department of Agriculture's recent forecast of 1.05 million metric tons. Abares says increased production is due to a more than doubling in the number of hectares where cotton is planted and the yield has actually fallen; "The average yield fell because of an increase in the share of area planted to dryland cotton. Dryland cotton is lower yielding than irrigated cotton and this season it had very low yields because of unfavourable seasonal conditions."

Jun 14 - Australia's Winter Crop Production Down Sharply (Dow Jones)
Australia's wheat exports are likely to be sharply lower this year as the country anticipates sharp declines of winter crops which also include barley, canola, chickpeas and oats. The Australian Bureau of Agricultural and Resource Economics and Sciences forecasts total winter-crop production to fall by 1/3 on lower average yields, with wheat seen down 31%. But the projected wheat output for this current year is in-line with the levels seen 2 years ago. Broadly, rainfall is below average in most winter-cropping regions in Western Australia and some key ones in South Australia. That "led to unfavorable planting conditions during autumn and early winter," the bureau says. Given Australia is the No. 4 wheat exporter, sharp output declines should reduce the glut of wheat that is currently overhanging the global market.

Jun 13 - Spring Wheat Jumps on Crop Deterioration (Dow Jones)
Spring wheat futures soar to just shy of a two-year high after the USDA reported a steep decline in crop quality last week, with drought-like conditions in parts of the northern Plains taking a toll. MGEX July wheat rises 3.5% to $6.21 1/2 a bushel, the highest point since late June 2015. Other wheat contracts bounce too. Corn and soybean futures rise on renewed bets that weather trouble this summer risks affecting the newly planted crops. CBOT July corn futures rise 0.8% to $3.80 1/4 a bushel, while soybeans gain 0.8% to $9.38 3/4.

Jun 13 - Asian CPO Ends Down, Hurt by a Weaker Ringgit (Dow Jones)
Asian crude palm oil price futures ended Tuesday's trading session slightly lower, weighed down by a stronger ringgit despite improved exports performance. Malaysia's palm oil exports during the June 1-10 period are estimated to have risen 2.2% on month at 367,165 metric tons, cargo surveyor SGS (Malaysia) says. However, a stronger ringgit pressured prices, traders say. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange closed down MYR32 at MYR2,425/ton.

Jun 13 - Thai Rice Exports Prices up for Five Weeks Straight (Dow Jones)
Thai rice export prices have risen for five straight weeks due to a strengthening in the Thai baht and increased demand from offshore markets, says the US Department of Agriculture in a note. The USDA says prices in the week ending Jun. 5 were up 3% to 4% from the previous week; "Exporters are still seeking new-crop white rice and fragrant rice supplies to fulfill their contracted shipments to Iran. Exporters expect to complete the remaining contracted shipments to Iran by the end of June 2017." It notes that the industry expects Thailand to issue a tender for its remaining rice stocks before the end of the month.

Jun 13 - Australian Farmers Increasing Optimistic (Dow Jones)
Australian farmers are increasingly optimistic about the year ahead as grazers fetch historically high prices for lamb, mutton, wool and beef, according to the quarterly Rabobank rural-confidence survey. It notes that the price outlook for dairy and cotton also underpins the optimism prevailing across Australia's agriculture sector, sitting at its best level since early 2015. However, the survey finds confidence remaining relatively subdued in the grains sector as pricing woes have been compounded by the variable start to the winter cropping season.

Jun 13 - Asian CPO Slightly Higher, Focus on Malaysian Data (Dow Jones)
Asian crude palm-oil prices are slightly higher in early trade with the market awaiting release of Malaysian Palm Oil Board data later in the day. Data from cargo surveyor Intertek released over the weekend show that palm-oil exports continued to rise in the first 10 days of June, which is likely providing some support for prices. The Bursa Malaysia benchmark palm-oil contract is trading 16 ringgit a ton higher at 2,473 ringgit a ton.

Jun 13 - High-protein wheat prices rise in Asia as dryness threatens U.S. crop 

High-protein wheat prices being offered from Australia and the United States into Asia are climbing as dry weather threatens to reduce the U.S. spring grain harvest, traders said on Tuesday. Australian prices, some of the most competitive in recent months, are further supported by farmers holding back supplies. Click here to read full stories.

Jun 13 - China soybean futures hit 3-month highs on talk of import crackdown

China's soybean futures hit three-month highs on Monday, as talk that the world's top bean buyer has ramped up checks on imports of genetically modified (GMO) beans spurred expectations of tighter supplies even as the market remained awash with supplies. China allows imported beans to be used by crushers to make soymeal for animal feed but none of the beans, all of which are genetically modified, are permitted for use in food products. Click here to read full stories.

Jun 13 - Funds begin exiting corn shorts but leave soy behind: Braun

Speculators hit all-time bearishness in the soy complex for third week in a row, but shaky U.S. weather forecasts have caused a sizeable rupture in corn sentiment, and funds have been on a buying spree ever since. Money managers slashed their net short position in CBOT corn to 138,758 futures and options contracts from 200,981 in the prior week, according to data from the U.S. Commodities Trading Commission for the week ended June 6.  Click here to read full stories.

Jun 13 - U.S. finalizes talks to resume beef exports to China after ban

Final details are in place to allow U.S. exporters to resume beef shipments to China, U.S. officials said on Monday, allowing companies to prepare for their first shipments in 14 years. After concluding talks with Beijing, the U.S. Department of Agriculture said U.S. producers must track the birthplace of cattle born in the United States that are destined for export to China. Click here to read full stories.

Jun 13 - TR Crop Watch growers seek rain for their corn, soy: Braun

The biggest concern among the Thomson Reuters Crop Watch producers this week is the increasing desire for rain, with the southernmost corn and soybean fields already showing signs of dryness-induced stress. The farmers of TR Crop Watch – which features weekly, real-life check-ins with two farmers in Illinois and one in Minnesota – reported that last week's warm temperatures were favorable for the development of their crops. Click here to read full stories.

Jun 13 - 'Trial of a lifetime' plays out in tiny South Dakota town 

In this rural outpost of just over 1,900 residents, a local college student has become a courtroom sketch artist, trailers on Main Street are ersatz offices for a major law firm and members of an agricultural youth club are puzzled by a new metal detector at the local courthouse. The changes are part of Elk Point's selection as site of a multibillion-dollar defamation case pitting ABC News against South Dakota-meat processor, Beef Products Inc. The company contends that ABC and reporter Jim Avila defamed it by referring to its signature product as "pink slime" in 2012 broadcasts. Click here to read full stories.

Jun 13 - Shipping routes via Oman opened to give Qatar food lifeline 

Qatar and container lines have launched new shipping services via Oman in an effort to sidestep a port ban in neighbouring countries and secure a food lifeline after other Gulf states severed ties with Doha last week. Saudi Arabia, the United Arab Emirates and some other Arab countries cut diplomatic, travel and trade ties with Qatar last week, accusing it of supporting Iran and funding Islamist groups, accusations Doha denies. Click here to read full stories.

Jun 13 - Egypt's GASC seeks wheat for July 15-25 shipment 

Egypt's General Authority for Supply Commodities (GASC) set a tender on Monday to buy an unspecified amount of wheat from global suppliers for shipment from July 15-25. GASC Vice Chairman Ahmed Youssef said the authority was seeking to buy cargoes of soft and/or milling wheat from the United States, Canada, Australia, France, Germany, Poland, Argentina, Russia, Kazakhstan, Ukraine, Romania, Bulgaria, Hungary and Paraguay. Click here to read full stories.

Jun 13 - U.S. corn, spring wheat ratings seen declining on hot temps - poll

The U.S. Department of Agriculture's weekly crop progress report is expected to show lower condition ratings for the U.S. corn and spring wheat crops, according to an average of estimates by nine analysts polled by Reuters on Monday. The department was likely to show 67 percent of the U.S. corn crop rated in good to excellent condition. That would be down 1 percentage point from a week ago.  Click here to read full stories.

Jun 13 - Bulk carrier loaded with soy stuck at Santos port in Brazil

A ship carrying at least 30,000 tonnes of soybeans got stuck on the seabed when loading the grain at the Santos port in Brazil, authorities said on Monday. The vessel remains stuck at the berth of the Copersucar terminal, and port authorities said they could not estimate how long it will take to free the bulk carrier. No injuries were reported in the accident. Click here to read full stories.

Jun 13 - Culling feral hogs from the sky in Texas takes off 

In Texas, the pigs do not fly but the hunters do. Tourists looking for ever more thrilling holidays are taking to the skies above Texas to shoot wild hogs as part of the state's effort to limit the spread of an invasive species that annually causes millions of dollars in damage to farmland and livestock nationally. For up to $50,000, people can hunt the feral hogs from a helicopter and even use a machine gun to mow them down. Click here to read full stories.

Jun 12 - Egypt will not bring back fungus ban vows grain authority 

Egypt will not reinstate a controversial ban on ergot, state-grain buyer GASC told Reuters on Saturday, despite a court ruling which could allow a return to the common grain fungus being barred entirely from wheat cargoes.  Traders said the previous zero tolerance requirement, which an Egyptian agricultural department said was to protect human and plant health, is impossible to fulfil and makes doing business with Egypt too risky. Click here to read full stories.

Jun 12 - As Gulf crisis bites, Qatari food factories seek to fill gap 

At a meat processing plant in Doha's sprawling industrial zone, masked workers toil through the night heaving boxes of raw chicken across a pristine factory floor. They have been working extra shifts since Monday when Saudi Arabia, the United Arab Emirates (UAE) and other nations cut ties and severed all transport links with Qatar, prompting fears of food shortages in the import-dependent country.  Click here to read full stories.

Jun 12 - USDA raises U.S. wheat harvest view despite Kansas snow 

U.S. wheat supplies will be bigger than expected despite a snowstorm in early May that analysts had worried severely damaged the crop in Kansas, the top- producing state, the U.S. Department of Agriculture said on Friday. USDA boosted its forecast for U.S. winter wheat production to 1.250 billion bushels from 1.246 billion, and raised its yield projection in Kansas by 2 bushels per acre (bpa) to 44.0 bpa. Click here to read full stories.

Jun 12 - Brazil federal police raid JBS on insider trade probe, shares fall 

Brazil's federal police on Friday raided the offices of JBS SA to investigate the alleged use of insider information in financial market dealings, pushing shares in the embattled meatpacker to a two-week low. Police said there were indications that JBS and controlling shareholder FB Participações SA gained an unfair advantage in trading stocks, currency futures and forwards in April and May. Click here to read full stories.

Jun 12 - After record years, U.S. soybean ratings face tough comparison: Braun 

Coming off four straight years of record U.S. soybean yields, analysts may have gotten used to holding the oilseed to a higher standard than other crops. But in reality, soybeans do not need high crop condition ratings – at least relative to corn – to realize above-average yields. Click here to read full stories.

Jun 12 - Growing supply glut threatens worse to come for restive Indian farmers 

Bountiful monsoon rains are unlikely to lift India's rural economy this year, and may instead compound the woes of millions of debt-ridden farmers who are struggling with low prices amid a glut of produce such as lentils, oilseeds and cereals. The South Asian nation is still carrying a huge inventory of food grains from last year's record harvest as exports were hit by an appreciating rupee, falling global prices and restrictions on overseas shipments. Click here to read full stories.

Jun 12 - ICE delists world cotton futures contracts

Intercontinental Exchange (ICE) said on Friday it would delist all currently listed world cotton futures contract months as of the start of trading on Monday, and would defer listing any new contract months. ICE did not provide reasons for the delisting. "The exchange will continue to consult with market participants regarding the possibility of re-listing the contract for trading in the future," ICE said in a statement. Click here to read full stories.

Jun 12 - Lowest bid at Egypt tender $192.77/T for Russian wheat 

The lowest offer at a purchase tender held by Egypt's state grain buyer GASC on Saturday was $192.77 per tonne free-on-board (fob) for 60,000 tonnes of Russian wheat, traders said. Trading company GTCS made the lowest offer after accounting for shipping costs, which was for $204.02 per tonne for 60,000 tonnes of Russian wheat on a cost and freight basis. Click here to read full stories.

Jun 12 - Lowest bid at Egypt tender $192.77/T for Russian wheat 

The lowest offer at a purchase tender held by Egypt's state grain buyer GASC on Saturday was $192.77 per tonne free-on-board (fob) for 60,000 tonnes of Russian wheat, traders said. Trading company GTCS made the lowest offer after accounting for shipping costs, which was for $204.02 per tonne for 60,000 tonnes of Russian wheat on a cost and freight basis. Click here to read full stories.

Jun 12 - Asian Palm-Oil Demand Concerns Weigh on Prices (Dow Jones)
Concerns that palm-oil demand is waning has put pressure on prices the past week, says Capital Economics. "Reportedly, Malaysia's exports have been weak despite improving supply." It notes that China's total vegetable imports slumped 25% from a year earlier in May. Malaysian markets are closed Monday for a holiday, and tomorrow data from the Malaysia Palm Oil Board are due; they will include official numbers on production and exports.

Jun 12 - Malaysian Cash Market Prices for Palm Oil Unavailable
Data for Malaysian cash market prices for palm oil are unavailable due to Nuzul Quran holiday.

Jun 09 - Asian CPO Ends Slightly Higher on Hopes of Better Export Demand (Dow Jones)
Asian crude palm oil price futures ended Friday's session stronger amid expectations of better exports performance. Investors are waiting for the crop report including production, exports and stocks to be released next week that has lifted the market sentiment. David Ng, analyst at Philip Futures in Kuala Lumpur expects prices to remain rangebound between 2450 ringgit per ton and MYR2550/ton. The Bursa Malaysia palm oil contract for August delivery ended up MYR9 at MYR2453/ton.

Jun 09 - Tokyo Rubber Finally Ends Losing Streak (Dow Jones)
After 12-straight declines, Tokyo rubber futures finally rose Friday, helped by a pullback in the yen and gains for Japanese stocks. The Tocom rubber contract for November delivery rose 3% to Y187/kilogram.

Jun 09 - Bearish Sentiment Weighs on Asian Palm-Oil Prices (Dow Jones)
Asian CPO prices opened slightly higher buoyed by strength in Asian commodities following better than expected Chinese trade data. However, a Kuala Lumpur based trader says bearish sentiment continues to weigh on Asian palm-oil prices with investors looking for a bottom to the recent slide; "Prices still have some room to go lower." He notes however, that plantations and refineries are not keen to sell at current low prices indicating that supplies will likely remain tight in the market. The Bursa Malaysia benchmark palm-oil contract is trading up 18 ringgit at 2,463 ringgit a ton.

Jun 09 - China's WH Group targets beef and poultry assets in U.S. and Europe 

Smithfield Foods Inc's owner, China-based WH Group Ltd, is scouting for U.S. and European beef and poultry assets to buy, in a move that would sharpen its rivalry with global meat packers Tyson Foods Inc and JBS SA. Expanding into beef and poultry would bring U.S.-based Smithfield, the world's largest pork producer, more in line with competitors Tyson, JBS and BRF SA, which each process pork, chicken and beef. Click here to read full stories.

Jun 09 - S.Korea to open eggs trade with Thailand from next week 

South Korea's food ministry said on Friday it will allow imports of Thai eggs for the first time from next week to help ease a shortage caused by the country's worst-ever bird flu outbreak. The two countries have finalised negotiations over terms of clearing egg imports including health certificates, the Ministry of Food and Drug Safety said in a statement. Click here to read full stories.

Jun 09 - Russian early-season wheat export at risk over Egypt's fungus policy 

Russian wheat exports are at risk three weeks before the start of the new 2017/18 marketing season due to a dispute over a common fungus in Egypt, its largest market, analysts and industry players said. An Egyptian court has decided to reinstate a zero tolerance policy on the common grain fungus ergot, lawyers on the case told Reuters on Tuesday, plunging trade with the world's largest wheat importer back into uncertainty. Click here to read full stories.

Jun 09 - China cuts 2017/18 corn output forecast on bad weather

China's agriculture ministry on Friday cut its 2017/18 corn output forecast to 211.65 million tonnes, down 0.7 percent from last month's forecast, after drought and hail hit planting in the country's northeast. The figure in the June's Chinese Agricultural Supply and Demand Estimates (CASDE) would see the crop fall 3.6 percent from last year and make it the smallest since 2013, according to the China National Grain and Oils Information Center think tank. Click here to read full stories.

Jun 09 - U.S. corn farmers step up sales as CBOT futures surge

U.S. corn futures surged to the highest levels in nearly a year on Thursday, and farmers were pressing the sell button. Many growers who were finished planting the corn they will harvest this autumn took advantage of steep gains to sell supplies remaining from last year. Click here to read full stories.

Jun 09 - Brazil raises estimates for grain output, to add to global glut 

Brazil's agricultural statistics and supply agency Conab on Thursday raised for the sixth time this year its estimate for the country's 2016/17 soybean crop, now seen at 113.92 million tonnes, up from 113 million tonnes in May's forecast. The agency said total corn output in the season should reach 93.83 million tonnes, above the previous 92.83 million tonnes estimate due to near-perfect weather. Click here to read full stories.

Jun 09 - Argentina rains threaten 100,000 hectares of wheat - grains exchange 

Flooding and excess humidity that resulted from heavy rains this year could prevent Argentine farmers from planting 100,000 hectares (247,105 acres) of wheat in the 2017/18 crop year, the Buenos Aires grains exchange said in a Thursday report. The exchange maintained its forecast for 5.5 million hectares of planted area for the wheat crop, but noted that many fields in the southern portion of Argentina's grains belt remained flooded, mainly in Buenos Aires and Cordoba provinces. This put farmers' ability to plant them at risk. Click here to read full stories.

Jun 09 - French non-EU wheat exports at season high in April - customs 

French wheat exports outside the European Union reached their highest monthly level of the 2016/17 season in April, buoyed by large shipments to North Africa and Egypt, but total exports remained behind last season, customs data showed on Thursday. French wheat exports suffered a sharp drop in volume this season after the EU's top producer recorded its worst harvest in three decades. Click here to read full stories.

Jun 09 - Food, families and flights: anxiety and confusion descend on Qatar 

When 31-year-old Ali al-Mohanadi heard Saudi Arabia, the United Arab Emirates and other nations were cutting ties and severing all transport links with his home country Qatar, he emptied the back of his Land Cruiser SUV and drove to a nearby supermarket. Tensions had been building for days between Qatar and its powerful Gulf Arab neighbours and Mohanadi feared Saudi's closure of Qatar's only land border on Monday could lead to price hikes and food shortages in the import-dependent country. Click here to read full stories.

Jun 09 - Panama court dismisses Western Sahara phosphate claim - Morocco's OCP 

A Panama court dismissed a case by the Western Sahara Polisario independence movement to block a Moroccan shipment of phosphate in Panama saying there was no evidence the cargo belonged to the group, the Moroccan phosphate producer said on Thursday. Polisario in May filed a claim to hold the Danish charter vessel Ultra Innovation, carrying 55,000 tonnes of phosphate rock from Morocco's Office Cherifien de Phosphate (OCP), through Panama to the Port of Vancouver for the Canadian company Agrium. Click here to read full stories.

Jun 08 - Is the corn market ready to rally on U.S. weather worries? - Braun 

Corn futures prices have remained stubbornly low for the past three months despite heavy rain and cold weather complicating planting and early crop development for many U.S. Midwestern farmers.But the tide may be shifting as the summer is beginning under a warmer and drier regime. Click here to read full stories.

Jun 08 - Huge grain supplies dampen impact of USDA reports 

The U.S. Agriculture Department's monthly crop reports, which have traditionally provided huge shocks to the market, have been met by a shrug in 2017, with price moves and volume muted by the massive supply of grains.Price swings for corn, soybeans and wheat futures following the release of the government's biggest agriculture reports, which provide a window into global demand as well as production, have fallen sharply this year. Click here to read full stories.

Jun 08 - China's May soy imports surge 25 percent from year ago to record 

Imports of soybeans to China, the world's largest buyer of the oilseed, rose in May by 25 percent from a year ago to the highest on record as a backlog of previously purchased supplies landed in the country, customs data showed on Thursday.China imported 9.59 million tonnes of soybeans last month, figures from the General Administration of Customs of China showed. That is the most ever according to data going back to at least 2010. Click here to read full stories.

Jun 08 - JBS says Pilgrim's Pride stake not for sale 

Brazilian meat packer JBS SA's core U.S. assets, including its majority stake in Pilgrim's Pride Corp, are not for sale, the company said on Wednesday, a day after announcing a deal to sell Argentine operations.U.S. chicken company Pilgrim's Pride is critical to JBS' long-term strategy of pursuing business opportunities that reduce volatility and enhance margins, JBS said in a statement. Click here to read full stories.

Jun 08 - Turkish exporters ready to meet Qatar demand for food and water - industry official

Turkish exporters are ready to meet demand for food and water from Qatar, the head of Turkey's main exporting trade body told Reuters on Wednesday, allowing the Gulf state to stave off possible shortages after its biggest suppliers cut ties.Mehmet Buyukeksi, chairman of the Turkish Exporters Assembly (TIM), told Reuters that exporters stood ready to fill the gap after the United Arab Emirates (UAE) and Saudi Arabia cut trade ties with Qatar. Click here to read full stories.

Jun 08 - Parched soils threaten Canadian canola, spring wheat - report 

Canada's western farm belt, dogged by excessive rain in some areas this spring, is now facing parched conditions in others, threatening wheat and canola crops, crop analysts say.A large area of southern Saskatchewan and southwestern Manitoba has received less than 40 percent of normal precipitation during the 30-day period leading up to June 5, according to Agriculture and Agri-Food Canada. Click here to read full stories.

Jun 08 - Indian farmers step up strike after six die in firing 

Indian farmers on Wednesday stepped up their agitation in the central state of Madhya Pradesh after six were shot dead in clashes the previous day, forcing the authorities to impose a curfew in some areas.The outburst of discontent in India's heartland farming states of Madhya Pradesh and neighbouring Maharashtra poses a challenge for Prime Minister Narendra Modi, who has promised to double farmers' incomes over the next five years.Click here to read full stories.

Jun 08 - Asian CPO Challenging Lows on Expectations of Increased Production (Dow Jones)
Asian crude palm oil prices will be challenging recent lows after the benchmark contract on the Bursa Malaysia fell to its lowest level since May in Wednesday trade. OCBC says that the moves come despite the ongoing Ramadan holy month -- a period that normally boosts palm oil consumption -- as expectations are rising that crude palm oil production in Malaysia is on the rise. The Bursa Malaysia benchmark palm oil contract ended down Wednesday at 2,455 ringgit a ton, down MYR44 a ton.

Jun 07 - Asian Palm Oil Continues to Trade in Range, Eyes on Data (Dow Jones)
Asian palm oil prices continue to trade in a tight range as the market awaits a series of data due out next week in Malaysia that's expected to show a pick up in both production and exports through May, says a Singapore-based trader. Currently, moves in crude oil prices and currency shift will be a key driver for the market. The Bursa Malaysia benchmark palm oil contract is trading down 9 ringgit a ton at MYR2490 a ton.

Jun 07 - Egyptian wheat imports thrown back into uncertainty as ergot ban looms 

An Egyptian court has decided to re-instate a zero tolerance policy on common grain fungus ergot, lawyers on the case told Reuters on Tuesday, plunging trade with the world's largest wheat importer back into uncertainty. Egypt last year scrapped a ban on ergot in grain imports after it effectively halted purchase tenders because trading houses refused to participate, saying the ban was an impossible requirement. Click here to read full stories.

Jun 07 - S.Korea to cull nearly 190,000 farm bids to contain bird flu 

South Korea's agriculture ministry said on Wednesday it has ordered a cull of 186,100 farm birds to prevent the spread of bird flu after more cases of the highly pathogenic H5N8 bird flu were confirmed. The order comes after the government raised the country's bird flu alert level to the highest level on Monday when the first bird flu case found since early April was confirmed as the H5N8 strain.  Click here to read full stories.

Jun 07 - Brazil's JBS Minerva deal signals retreat from Argentina 

The world's largest meat processor, JBS SA, has agreed to sell its Argentine operations to a smaller rival, retreating from a top beef-producing nation that was once a springboard for an aggressive international expansion. The agreement with buyer Minerva SA, announced on Tuesday, is the first by embattled JBS since its founders admitted to paying bribes to Brazilian politicians in exchange for favors in a scandal that threatens to topple President Michel Temer. Click here to read full stories.

Jun 07 - Malaysia's Felda Global suspends CEO, begins internal investigation 

Malaysia's Felda Global Ventures Holdings Bhd (FGV) suspended its chief executive and chief financial officer on Tuesday while it investigates transactions at a subsidiary, sending its shares skidding as much as 13 percent. The world's third-largest palm plantation group has begun an internal probe after external auditor PricewaterhouseCoopers found "a few things that were not right" about dealings between FGV unit Delima Oil Products Sdn Bhd and Safitex, an Afghan company. Click here to read full stories.

Jun 07 - Port bans choke Qatar's commodity trade as gas supply worries grow 

A campaign by leading Arab powers to isolate Qatar is disrupting trade in commodities from crude oil to metals and food, and deepening fears of a possiblejolt to the global gas market, where the tiny Gulf state is a major player. Just a day after Saudi Arabia and its Arab allies severed transport links with Qatar over a diplomatic row, bans on Doha's fleet using regional ports and anchorages threatened to halt some of its exports and disrupt those of liquefied natural gas (LNG). Click here to read full stories.

Jun 07 - India sees 2017 monsoon rains at 98 pct of long-term average 

India's crucial monsoon rains are expected to reach 98 percent of the long-term average this year, the state-run weather office said on Tuesday, 2 percentage points higher than its previous forecast, potentially boosting farm incomes and economic growth. The monsoon delivers about 70 percent of India's annual rainfall, critical for the farm sector that accounts for about 15 percent of India's $2 trillion economy and employs more than half of the country's 1.3 billion people. Click here to read full stories.

Jun 07 - Global dairy prices rise on strong result for cheddar, butter 

Global dairy prices rose for the sixth time in a row in fortnightly auctions, a sign that the recovery in dairy in 2017 was on track. The Global Dairy Trade (GDT) Price Index climbed 0.6 percent, with an average selling price of $3,395 per tonne, in the auction held on Tuesday. Click here to read full stories.

Jun 07 - Five Indian farmers shot dead as protests mount - reports 

Five Indian farmers were shot dead on Tuesday at a protest in the central state of Madhya Pradesh, according to news reports, marking an escalation of violence as a rural strike demanding debt relief spread.The outburst of discontent in India's heartland farming states of Madhya Pradesh and neighbouring Maharashtra poses a challenge for Prime Minister Narendra Modi, who has promised to double farmers' incomes over the next five years. Click here to read full stories.

Jun 06 - Asian CPO Ends Slightly Lower on Higher Output Worries (Dow Jones)
Asian crude palm oil price futures ended Tuesday's trading session slightly lower amid investors' con