Grains, Seeds, Vegoils & Meals

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