Grains, Seeds, Vegoils & Meals

Aug 20 - Russia agriculture ministry meets grain exporters on volumes

Russia's agriculture ministry said it held a meeting on Friday with grain exporters to discuss export volumes of grains. Traders, including some who were at the meeting, said the ministry will consider curbing 2018/19 exports once they reach 30 million tonnes following a request from meat producing regions, but added no decision had been made about how this might be implemented. Click here to read full stories.

Aug 20 - U.S. drops agriculture demand from NAFTA talks - Mexico farm lobby 

The United States has dropped a contentious demand from the renegotiation of the North American Free Trade Agreement to impose restrictions on Mexican agricultural exports, Mexico's top farm lobby said on Sunday. Talks to rework the 24-year-old pact are entering a crucial phase and Mexican Economy Minister Ildefonso Guajardo said outstanding bilateral issues between Mexico and the United States could be resolved by the middle of this week. Click here to read full stories.

Aug 20 - India's palm oil imports set to hit 6-year low - industry official 

India's palm oil imports are likely to fall 15 percent in 2017/18 from the year before to their lowest in six years, hit by a hike in import taxes, a weaker rupee and tighter credit for would-be buyers, a senior industry official told Reuters. Reduced purchases by the world's top importer of the oil, where it is widely used to fry foods such as samosas or bhajis, could pile more pressure on benchmark international futures that are already trading near their lowest in three years. Click here to read full stories.

Aug 20 - Funds buy CBOT grains, unfazed by heavy USDA numbers - Braun 

Chicago-traded grain and oilseed futures were pummeled on Aug. 10 over bearish government forecasts, but speculators actually bought contracts on the net during the period, against market expectations. Among CBOT corn, wheat and soybeans, analysts had expected money managers to be net sellers of about 56,000 futures and options contracts through Aug. 14, but instead they bought about 4,500 contracts on the net. Click here to read full stories.

Aug 20 - Australia boosts aid by A$1.8 bln for drought-hit farmers 

Australia's federal government announced on Sunday a A$1.8-billion ($1.32-billion) increase in funding for drought-afflicted farmers, with parts of the country's east coast suffering the driest conditions in living memory. Prime Minister Malcolm Turnbull pledged the support, in addition to the A$576 previously announced, during a visit to Forbes, a town in New South Wales, where farmers are facing drought conditions. Click here to read full stories.

Aug 20 - Third U.S. soybean vessel left in limbo off China unloads cargo 

The Cemtex Pioneer, a vessel carrying U.S. soybeans that was caught up in the China-U.S. trade row, has left east China's port of Nantong near Shanghai, according to shipping data on Thomson Reuters Eikon on Sunday. The vessel's draft is now at 58 percent of its maximum, indicating that it has unloaded its cargo, according to the Eikon data, which showed the ship now headed for the Australian port of Abbot Point. Click here to read full stories.

Aug 20 - Crop Watch: Strong corn, soy prospects bolstered by weekend rains 

All the Crop Watch corn and soybean fields in the Upper Midwest and Northern Plains needed some moisture as of Saturday, but a widespread rain system began moving across the area late in the day. The system will continue eastward through the beginning of the week, which is particularly supportive of the government's optimistic soybean yield forecast. Click here to read full stories.

Aug 20 - Chinese soymeal falls on Sino-U.S. trade talks, swine fever 

China's soymeal futures were down over 1.8 percent in early trade on Monday, their biggest daily drop since early June. Prices fell as worries about the impact of the U.S.-China trade spat eased but concerns mounted over falling demand for livestock feed as China confirmed its third case of the deadly African swine fever. Click here to read full stories.

Aug 20 - Third African swine fever outbreak hits China's hog herd 

China's Ministry of Agriculture said on Sunday 88 hogs had died from African swine fever in the eastern city of Lianyungang, the third outbreak this month, as the highly-contagious disease threatened to spread through the world's biggest pig herd. A total of 615 hogs have been infected since Aug. 15 with the swine fever in Lianyungang, in Jiangsu province, where authorities have banned the movement of hogs, related products and animals that are easily infected both into and outside the affected area, the ministry said. Click here to read full stories.

Aug 20 - Brazil's Marfrig to sell U.S. unit to Tyson for $2.5 bln - sources 

Brazilian meatpacker Marfrig Global Foods SA has agreed to sell its U.S. subsidiary, a key McDonald's supplier, to Tyson Foods Inc for $2.5 billion, two people with knowledge of the matter told Reuters on Friday. Marfrig shares rose as much as 8 percent but reversed gains and were down 7.3 percent at 6.38 reais as investors reassessed the price of the deal. Tyson rose 1.2 percent to $61.71. Click here to read full stories.

Aug 20 - EU wheat harvests shrink, but quality remains good - analysts 

Wheat harvests in major European Union countries are winding down with drought having shrunk crop sizes but quality generally good, analysts said on Friday. "The market consensus emerging is that German new-crop wheat is generally decent quality with good protein content,” one German analyst said, referring to production in the European Union's second-largest producer. Click here to read full stories.

Aug 17 - U.S. seed sellers push for limits on Monsanto, BASF weed killer

America's two biggest independent seed sellers, Beck's Hybrids and Stine Seed, told Reuters they are pushing U.S. environmental regulators to bar farmers from spraying dicamba weed killer during upcoming summers in a potential blow to Bayer AG's Monsanto Co. Limiting spraying of the chemical to the spring season, before crops are planted, would prevent farmers from using the herbicide on dicamba-resistant soybeans that Monsanto engineered. The seeds are sold by companies including Beck's and Stine. Click here to read full stories

Aug 17 - World's top pork supplier shuts China slaughterhouse in race to contain deadly swine fever

China has ordered the world's top pork producer, WH Group Ltd, to shut a major slaughterhouse as authorities race to stop the spread of deadly African swine fever (ASF) after a second outbreak in the planet's biggest hog herd in two weeks. The discovery of infected pigs in Zhengzhou city, in central Henan province, about 1,000 kilometres from the first case ever reported in China, has stirred animal health experts' fears of fresh outbreaks - as well as food safety concerns among the public. Click here to read full stories

Aug 17 - Ban on glyphosate would be 'disaster' for Brazil agriculture - minister

A potential ban on the popular herbicide glyphosate in Brazil over concerns it may cause cancer in humans would be a "disaster" for the country's agricultural industry, Agriculture Minister Blairo Maggi said on Thursday. A Brazilian court ruled on Aug. 3 that new products containing the chemical could not be registered in the country and existing registrations would be suspended starting from September, until health authority Anvisa issues a decision on its re-evaluation of glyphosate's safety. Click here to read full stories

Aug 17 - Jordan tenders again to buy 120,000 tonnes wheat –trade

Jordan's main state grains buyer has again issued an international tender to purchase 120,000 tonnes of hard milling wheat, European traders said on Thursday. Tender deadline is Aug. 29. Shipment is sought in various possibilities in 50,000 tonne consignments between Nov. 1 and Dec. 31, they said. Click here to read full stories

Aug 16 - NOPA July soy crush 167.733, second biggest monthly total 

U.S. processors crushed a bigger-than-expected 167.733 million bushels of soybeans during July, their second largest monthly total ever, the National Oilseed Processors Association (NOPA) said on Wednesday. Strong profit margins, stemming from low soybean acquisition costs, encouraged processors to boost their crushing pace during the month.  Click here to read full stories.

Aug 16 - Ukraine exports wheat mostly to Asia, the Middle East in July 

Asian and Middle East countries were the leading buyers of Ukrainian wheat in July, the first month of the new 2018/19 season, data by analyst UkrAgroConsult showed on Wednesday. Ukraine is among the world's major wheat exporters and sold a total of 17.2 million tonnes of wheat abroad in the previous 2017/18 season. Click here to read full stories.

Aug 16 - Global soybean demand is rising without China's help - Braun  

The United States has been recently shipping larger amounts of soybeans to destinations other than China, including those who are not heavy U.S. customers, and the increased activity has some market participants skeptical as to why these other countries would suddenly need so many soybeans. It is easy to lose sight of soybean demand in other countries when China accounts for nearly two-thirds of all global imports. Click here to read full stories.

Aug 16 - Emerging market currency woes trigger palm oil demand concerns 

Sliding emerging market currencies are ringing alarm bells among traders concerned that palm oil demand will weaken across the region from China to Iran, as reduced purchasing power cuts into imports into countries like Turkey and India. With a plunging Turkish lira dragging down peer currencies, traders say they already see Indian buyers bargaining with key suppliers in Malaysia, the world's no. 2 producer, for lower prices. Click here to read full stories.

Aug 16 - Canada to phase out crop chemicals linked to bee deaths 

The Canadian government said on Wednesday it would move to restrict use of two types of crop chemicals that have been linked to deaths of aquatic insects and bees, in a victory for environmentalists and the latest setback for companies that sell the pesticides. Health Canada's Pest Management Regulatory Agency (PMRA) said it would phase out, over three to five years, the outdoor use of thiamethoxam, made by Syngenta AG, and clothianidin, produced by Bayer AG. Click here to read full stories.

Aug 16 - Argentina 2018-19 corn area seen at record 5.8 mln hectares - exchange 

Argentine farmers are expected to plant a record-high 5.8 million hectares with corn in the 2018-19 crop year, due to favorable prices and weather conditions, the Buenos Aires grains exchange said in a report on Wednesday. That would exceed the 5.4 million hectares planted for the 2017-18 crop, which despite high expectations, yielded just 31 million tonnes due to a severe summer drought in the world's No. 3 exporter of the grain. Click here to read full stories.

Aug 16 - Germany confirms aid for animal feed after drought 

Germany has confirmed it will relax some environmental conservation rules to help farmers overcome a sharp rise in animal feed prices after this summer's drought, the agriculture minister said on Wednesday. Agriculture Minister Julia Kloeckner also said she would await official crop figures before deciding on a response to calls for 1 billion euros ($1.13 billion) in crisis state aid requested by German farmers. Click here to read full stories.

Aug 16 - Food company JBS needs to raise prices to offset Brazil grain costs 

Brazilian food company JBS SA would need to raise product prices by another 7 percent at its processed foods division Seara to offset a surge in feed costs, executives said on Wednesday. Seara raised prices by 3 percent in the second quarter, the executives said on a conference calls with analysts to discuss second-quarter results. Click here to read full stories.

Aug 15 - Monsanto Roundup appeal has uphill climb on 'junk science' grounds - legal experts 

Bayer AG unit Monsanto faces long odds on an appeal blaming an "inflamed" jury and "junk science" for a verdict of $289 million in damages to a man who said the company's Roundup weed killer caused his cancer, according to some legal experts. Last week's verdict ended the first trial over whether glyphosate, the main ingredient in Roundup, causes cancer. Monsanto, which says decades of scientific studies have shown Roundup and glyphosate are safe, is facing about 5,000 similar lawsuits nationwide. Click here to read full stories.

Aug 15 - Argentina suspends cuts in soymeal, soyoil export taxes 

Argentina has suspended for six months its program of gradually cutting taxes on exports of soymeal and soyoil, the Treasury Ministry said in a statement on Tuesday, part of the government's fiscal tightening program. International shipments of both soy products are currently taxed at 23 percent, lowered gradually from 32 percent in 2015, the statement said. Click here to read full stories.

Aug 15 - Soy exports' recent boost to U.S. economy likely short-lived - Braun 

The U.S. economy grew at its fastest pace in nearly four years during the second quarter of 2018, and bigger soybean exports were cited as a primary contributor. This is more likely a one-off factor than a growing trend, however, given the relatively modest impact of soybean exports on the larger U.S. economy and the less optimistic outlook for U.S. soybean trade over the next year. Click here to read full stories.

Aug 15 - Brazil on track for a record soy crop next year - Céleres

Brazilian farmers are expected to plant a record amount of soybean acres this coming season, encouraged by strong demand from China, and yield a record harvest next year, consultancy Céleres said on Tuesday in its first forecast for the new cycle. The next crop cycle in Brazil, the world's No. 1 soybean exporter, begins in September. Click here to read full stories.

Aug 15 - Egypt's GASC buys 420,000 tonnes of wheat 

Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Tuesday it had purchased 420,000 tonnes of wheat in international tenders for two shipment periods. GASC purchased 240,000 tonnes for shipment Sept. 21-30 and 180,000 tonnes for shipment Oct. 1-10, traders said. Click here to read full stories.

Aug 15 - China's Liaoning culls over 8,000 hogs after African swine fever outbreak 

Northeast China's Liaoning province has now culled 8,116 hogs in response to an outbreak of African swine fever earlier this month, the provincial animal husbandry bureau told Reuters on Wednesday. No new cases have been discovered in provincial capital Shenyang, where the deadly fever has so far been contained, since the outbreak on Aug. 3, a spokesman for the bureau said, confirming a report in the state-run People's Daily. Click here to read full stories.

Aug 15 - Grain fungus spurs rejection of some North Dakota wheat - merchants 

Elevated levels of the grain fungus ergot are showing up in spring wheat being harvested in south-central North Dakota, prompting grain elevators to impose discounts and even turn some truckloads away, grain merchants said on Tuesday. Ergot is a common grain fungus but some major buyers, including top global wheat importer Egypt, have rejected cargoes with even trace amounts in the past. Click here to read full stories.

Aug 15 - As China trade row deepens, WH Group boosts U.S. pork exports to Japan, S.Korea 

WH Group Ltd, the world's largest pork company, has boosted its U.S. exports to Japan, South Korea and Mexico to reduce the impact of the trade spat between Washington and Beijing, Chairman Wan Long said on Tuesday. The comment was made at a briefing after the company, which also owns Smithfield Foods in the United States, warned in its first-half earnings its biggest challenge is the overabundance of meat in the United States and uncertainty over growing trade tensions between the United States and its trading partners. Click here to read full stories.

Aug 14 - Brazil's farmers dump sugar for soy as trade war boosts Chinese demand 

Last year, Brazilian farmer Gustavo Lopes sized up his sugarcane plantation against his soybean fields. He looked at global trends, including rising U.S.-China trade tensions and a stubborn sugar-market glut. Then he tore up the last of his cane fields and ditched a decades-old supply contract with a local sugar mill. Click here to read full stories.

Aug 14 - Roundup cancer verdict sends Bayer shares sliding 

Bayer shares plunged as much as 14 percent on Monday, losing about $14 billion in value, after newly acquired Monsanto was ordered to pay $289 million in damages in the first of possibly thousands of U.S. lawsuits over alleged links between a weedkiller and cancer. After the verdict in favour of a California school groundskeeper with terminal cancer, Monsanto faces more than 5,000 similar lawsuits across the United States over claims it did not warn of the cancer risks of glyphosate-based weedkillers, including its Roundup brand. Click here to read full stories.

Aug 14 - Rally in Russian wheat export prices slows 

A sharp rise in Russian wheat export prices slowed last week and analysts forecast further decreases after a monthly crop supply and demand report from the U.S. Department of Agriculture raised Russia's 2018/2019 harvest forecast, analysts said on Monday. The monthly World Agricultural Supply and Demand Estimates (WASDE) report, published on Friday, raised the forecast for Russia's 2018/2019 wheat crop by 1 million tonnes to 68 million. Click here to read full stories.

Aug 14 - NOPA sees U.S. July soy crush at 161.745 mln bushels - survey 

U.S. processors likely maintained a heavy crushing pace during July as they sought to take advantage of strong profit margins, analysts said ahead of a monthly National Oilseed Processors Association (NOPA) report. NOPA members, who handle about 95 percent of all soybeans processed in the United States, likely crushed 161.745 million bushels of soybeans last month, according to an average of estimates given by nine analysts in a Reuters survey.  Click here to read full stories.

Aug 14 - China unloads U.S. soybean cargo amid public worries about cost of trade war 

A vessel carrying U.S. soybeans was unloading its cargo worth at least $23 million at the Chinese port of Dalian on Monday, becoming one of the first shipments to incur hefty new import duties as the trade row deepens between Beijing and Washington. The docking of the vessel after five weeks anchored off China's coast ended long-running speculation over the fate of the cargo, which had captured public attention. Click here to read full stories.

Aug 14 - U.S. corn, soy crop condition ratings likely to decline - poll

The U.S. Department of Agriculture was expected to cut crop condition ratings for corn, soybeans and spring wheat due to dry weather in parts of the country and as some fields died naturally ahead of harvest, according to a Reuters poll on Monday. The USDA in a weekly report due at 3 p.m. CDT (2000 GMT) was likely to rate the U.S. corn crop at 70 percent good to excellent, down 1 percentage point from a week ago, according to an average of estimates by 10 analysts. Click here to read full stories.

Aug 14 - Crop Watch: Strong yields on tap, though the U.S. north eyes rain - Braun 

Above-average corn and soybean yields are still expected among the eight U.S. Crop Watch 2018 fields, but a dry pattern in the far northern Corn Belt threatens to cap potential in those areas. Most of the Crop Watch producers, especially from Iowa to Ohio, are feeling confident about their soybean yields as pod counts are high and rains are expected in the coming days.  Click here to read full stories.

Aug 14 - Egypt's GASC seeks wheat for Sept. 21-30, Oct. 1-10 shipments 

Egypt's General Authority for Supply Commodities (GASC) set tenders on Monday to buy an unspecified amount of wheat from global suppliers for shipment Sept. 21-30 and from Oct. 1-10. GASC Vice Chairman Ahmed Youssef said the authority was seeking to buy cargoes of soft and/or milling wheat from the United States, Canada, Australia, France, Germany, Poland, Argentina, Russia, Kazakhstan, Ukraine, Romania, Bulgaria, Hungary and Paraguay. Click here to read full stories.

Aug 14 - Wilmar Q2 profit surges on oilseeds and grains business 

Singapore-listed commodity trader Wilmar International Ltd posted a five-fold rise in second-quarter net profit, helped by its oilseeds and grains segment that benefited from higher volumes and crush margins. The company, whose top shareholders include U.S. agricultural trader Archer Daniels Midland Co, reported a net profit of $316.4 million for the three months ended June, compared with $59 million a year earlier. Click here to read full stories.

Aug 13 - US soybean cargo docks in Chinese port after weeks at anchor amid trade row 

A ship carrying soybeans from the United States docked in the port of Dalian on Saturday, more than a month after it arrived off China's coast just as hefty tariffs were imposed on U.S. goods, according to Thomson Reuters Eikon shipping data. The short journey into the northern Chinese port was the first by Peak Pegasus, which has 70,000 tonnes of U.S. soybeans on board, since it arrived off the coast on July 6 shortly after Beijing imposed 25 percent import duties on $34 billion worth of U.S. goods, including soybeans. Click here to read full stories.

Aug 13 - USDA expects record soy production, corn yields 

The U.S. Agriculture Department on Friday raised its outlook for domestic corn and soybean harvests by a more than expected amount due to good weather during key phases of development. The increased domestic projections, which pushed futures markets sharply lower, will boost the U.S. soybean stockpile to its biggest ever while a trade war with China threatens to shut off the top market for the oilseed. Click here to read full stories.

Aug 13 - Bearish USDA data strikes down funds' growing CBOT optimism - Braun 

Speculators last week remained stubbornly bearish toward Chicago-traded soybeans, added to big bullish wheat positions, and chipped away at corn pessimism, but U.S. government data published on Friday spawned heavy selling across all three commodities. Wheat output estimates out of the European Union continued to fall last week, and it appeared likely that major exporter Ukraine this year will ship a smaller volume of wheat than the previous year. This and flip-flopping weather forecasts in the United States supported Chicago wheat, corn and soybean prices through last Tuesday. Click here to read full stories.

Aug 13 - Monsanto ordered to pay $289 million in world's first Roundup cancer trial 

A California jury on Friday found Monsanto liable in a lawsuit filed by a man who alleged the company's glyphosate-based weed-killers, including Roundup, caused his cancer and ordered the company to pay $289 million in damages. The case of school groundskeeper Dewayne Johnson was the first lawsuit to go to trial alleging glyphosate causes cancer. Monsanto, a unit of Bayer AG following a $62.5 billion acquisition by the German conglomerate, faces more than 5,000 similar lawsuits across the United States. Click here to read full stories.

Aug 13 - Southern Europe may salvage EU maize harvest but huge imports loom 

Favourable prospects for maize in southern Europe could help offset damage from drought and heatwaves further north, but the EU is still expected to import a record amount to feed livestock following a poor wheat harvest, analysts said. Widely followed analysts Strategie Grains on Thursday increased slightly their European Union grain maize crop forecast, as upgrades for countries like Romania balanced cuts in Germany or France. Click here to read full stories.

Aug 13 - China expects its U.S. agricultural imports to fall sharply 

China's imports of U.S. agricultural products will fall sharply once Beijing implements retaliatory trade measures and the country is able to cover its demand for cooking oil and animal feed, vice agriculture minister Han Jun said on Friday. The trade dispute will have a limited impact on China's agriculture sector, but hit its U.S. counterparts harder, Han Jun was quoted by state radio as saying. Click here to read full stories.

Aug 13 - Brazil-China joint ventures could boost soymeal trade - China diplomat 

Chinese and Brazilian companies could form soy-processing joint ventures as a way for Latin America's largest economy to export more processed soymeal to its top buyer of raw soybeans, a senior Chinese diplomat in Brazil said in an interview. Chinese firms overwhelmingly process soybeans in domestic plants rather than buying soymeal directly from Brazil, but companies will choose whatever gives them the best profits, said Qu Yuhui, minister-counselor in charge of political affairs at the Chinese embassy in Brasilia. Click here to read full stories.

 Aug 13 - Brazil's BRF posts heavy loss on trucker strike, trade bans 

Brazilian food processor BRF SA posted a wider-than-expected quarterly loss on Friday, hit by a nationwide trucker strike and trade embargoes triggered by allegations it had bribed food inspectors. In its first results after a management shakeup, BRF lost 1.574 billion reais ($411 million), almost three times more than the average analyst forecast and its third straight quarterly loss. Click here to read full stories.

Aug 13 - Alaska seafood industry braces for China tariff pain 

Alaska fishermen are used to coping with fickle weather and wild ocean waves. Now they face a new challenge: the United States' trade war with China, which buys $1 billion in Alaskan fish annually, making it the state’s top seafood export market. Beijing, in response to the Trump administration's move to implement extra levies on Chinese goods, last month imposed a 25 percent tariff on Pacific Northwest seafood, including Alaskan fish, in a tit-for-tat that has engulfed the world's two largest countries in a trade war. Click here to read full stories.

Aug 10 - Poor EU harvest to shrink wheat stocks, swell maize imports - analysts

Weather-hit cereal harvests in Europe will lead to tight wheat supplies in 2018/19 and leave the region reliant on record imports of maize to feed its livestock herd, analyst firm Strategie Grains said. Drought and heatwaves since late spring have withered crops in northern Europe, and French-based Strategie Grains on Thursday made another steep cut to its European Union soft wheat production forecast, now seen 10 percent below last year's level. Click here to read full stories.

Aug 10 - The rundown on U.S. corn, soy yield ahead of USDA data - Braun

The U.S. Department of Agriculture (USDA) will be updating its global supply and demand outlooks on Friday at noon EDT (1600 GMT), and although that will introduce a plethora of new data, the market will be fixated on two numbers: the U.S. corn and soybean yields. Corn and soy condition scores have been elevated for much of the summer and both crops have been moving through development at record or near-record pace after prolonged heat earlier this season, which has raised some uncertainties over yields. Click here to read full stories.

Aug 10 - Danish crop harvest to fall 40 percent due to drought

Denmark's harvest of wheat, barley and rye could fall by about 40 percent from previous years as farmers suffer one of the hottest and driest summers on record, a lobby group said on Thursday. A prolonged heatwave and lack of rain have also severely damaged crops in countries such as France, Germany and Sweden, as well as the Baltic states. Click here to read full stories.

Aug 10 - China's soybean crushers focusing on South American beans for now - Ag Ministry

China's soybean crushers will focus for now on processing South American beans after buying historic volumes of the oilseed in recent months, the Ministry of Agriculture and Rural Affairs said on Friday in its monthly crop report. The comment is in line with expectations after crushers scooped up vast volumes of soybeans from Brazil before Beijing introduced hefty import tariffs on U.S. beans in July amid a deepening trade spat with the United States. Click here to read full stories.

Aug 10 - Analysts cut EU wheat crop outlook again on "catastrophic" north

Analysts at Strategie Grains made another steep cut to their estimate for this year's European Union soft wheat harvest, citing parched conditions in northern Europe that have led to "catastrophic" yields in Germany and Scandinavia.  In a report published on Thursday, the French-based firm projected EU soft wheat production at 127.7 million tonnes, compared with 132.4 million estimated a month ago and just under the 130 million it forecast in a late-July update. Click here to read full stories.

Aug 10 - Ukraine has opportunity to boost grain exports to Saudi - analysts

A low harvest in Europe and Riyadh's decision to cancel grain imports from Canada might give Ukraine a chance to export wheat to Saudi Arabia again this season, analysts said on Thursday. Ukraine is a major supplier of barley to Saudi Arabia but has not sold wheat to Saudi Arabia since 2016. Click here to read full stories.

Aug 10 - Straw prices soar, piling pressure on N.Europe livestock farmers

Livestock and dairy farmers across northern Europe are paying soaring prices for straw used in food and bedding for cattle, as hot, dry weather across the region reduces crops. The higher bills put further pressure on farmers already facing one of their toughest summers ever; many have had to purchase more hay for fodder because the grass on which their herds normally graze has not grown. Click here to read full stories.

Aug 10 - Australians eat 'parma' for drought-stricken farmers

Thirsty city slickers are pitching in to help farmers in Australia's parched interior by eating a pub delicacy called a "parma," with some of the proceeds marked for drought relief. The dish of fried crumbed chicken topped with tomato sauce and melted cheese, called parmagiana, or parma for short, is staple pub food across a country in the depths of a big dry. Click here to read full stories.

Aug 10 - Brazil boosts sugar, ethanol production late in July

Brazil's center-south produced 2.61 million tonnes of sugar in the second half of July, more than the 2.39 million tonnes produced in the previous two-week period, as the region on Thursday posted another strong fortnight. According to cane industry group Unica, center-south mills crushed 47.34 million tonnes of cane late in July versus 44.87 million tonnes in the first half of the month. Click here to read full stories.

Aug 10 - India offers welfare schemes 3.5 mln T of pulses at subsidised prices

India will provide 3.5 million tonnes of pulses to welfare schemes at subsidised prices as the world's biggest producer tries to dispose of surplus output. The federal government will offer pulses at a discount of 15 rupees ($0.2185) per kg to state governments for schemes such as a mid-day meal run for school children, the government said in a statement. Click here to read full stories.

Aug 10 - China reports 1st African swine fever outbreak, culls 1,000 hogs

China reported its first outbreak of the deadly African swine fever (ASF) on Friday, as authorities in Liaoning province in the country's northeast culled almost 1,000 hogs and rushed to control the highly contagious disease. News of the infection will stoke concern about its spread in the world's largest pig herd, and possibly to Japan, the Korean Peninsula and other parts of Asia. Cases have been recorded across Europe, Russia and sub-Saharan Africa, but it has never occurred in East Asia until now, according to the United Nations' Food and Agriculture Organisation (FAO). Click here to read full stories.

Aug 10 - Malaysia's July palm stocks gain less than forecast on export jump

Malaysia's palm oil stockpiles saw a slight rise in July that was below market expectations as exports climbed higher than forecast, according to official data on Friday. End-stocks rose 1.3 percent to 2.21 million tonnes in a second month of gains, while exports grew 6.8 percent from June to 1.21 million tonnes, according to the Malaysian Palm Oil Board (MPOB).  Click here to read full stories.

Aug 10 - Gene-editing startups ignite the next 'Frankenfood' fight

In a suburban Minneapolis laboratory, a tiny company that has never turned a profit is poised to beat the world's biggest agriculture firms to market with the next potential breakthrough in genetic engineering - a crop with "edited" DNA. Calyxt Inc, an eight-year-old firm co-founded by a genetics professor, altered the genes of a soybean plant to produce healthier oil using the cutting-edge editing technique rather than conventional genetic modification. Click here to read full stories.

Aug 09 - U.S. soy trade stellar in short term, but China outlook hazy - Braun 

Market analysts have been trying to gauge China’s forward bean usage as it remains locked in a tit-for-tat tariff dispute with the United States, and the conflict has prompted threats from the East Asian country to severely reduce or ban U.S. bean imports. The future of U.S. soybean trade with China has also been a leading topic since that trade relationship supports the U.S. soybean market in its current form. The United States and Brazil account for most of the world’s soybean exports and China is the largest consumer. Click here to read full stories.

Aug 09 - Argentina wheat, corn harvest expected to break records in 2018-19 

Argentina is expected to produce a record crop of wheat and corn during the 2018-19 season as farmers planted more hectares of both than in previous years, the Rosario grains exchange said on Wednesday. The exchange's monthly report said the wheat harvest could reach 21 million tonnes. Farmers had planted 6.32 million hectares with wheat this year, more than initial predictions and up from 5.7 million hectares the prior season. Click here to read full stories.

Aug 09 - Australia's Westpac to lend A$100 mln to drought-hit farmers 

Australia's Westpac Banking Corp said on Thursday it would disburse A$100 million ($74.2 million) in cheap loans to farmers as a record dry spell hits parts of the nation, while the country's lenders fight to regain public trust amidst an ongoing misconduct inquiry. The drought in Australia's east, one of the worst on record, is impacting every area of rural life, often with global trade and price implications. Already many cattle graziers are being forced to sell stock they can no longer feed. Click here to read full stories.

Aug 09 - Germany’s grains crop lowest in 24 years after drought 

Germany’s 2018 grain harvest will be the lowest in 24 years after a drought and heatwave heavily damaged crops, the association of German farm cooperatives DRV said on Wednesday. The grain crop will fall 20.3 percent to some 36.3 million tonnes, the smallest since 1994, the association said in a harvest report. Click here to read full stories.

Aug 09 - Dimming sunlight to slow global warming may harm crop yields - study 

Spraying a veil of sun-dimming chemicals high above the Earth to slow global warming could harm crop yields in an unintended side-effect of turning down the heat, U.S. scientists said on Wednesday. Some researchers say a man-made sunshade, perhaps sulphur dioxide released high in the atmosphere, could limit rising temperatures and the after-effects like the wildfires that have ravaged California and Greece this summer . Click here to read full stories.

Aug 09 - Brazil pesticide group to appeal ruling suspending glyphosate weed killer 

Brazil-based agrochemical companies plan to appeal a ruling suspending the use of best-selling weed killer glyphosate in one of the world's largest grain producing nations, an industry spokeswoman said on Wednesday. Glyphosate, an herbicide widely sprayed on soybeans, corn and other crops that have been genetically modified to tolerate it, was suspended in Brazil by a court ruling last week pending a government reevaluation of its toxicity. Click here to read full stories.

Aug 09 - French cows herded out of Iran by U.S. sanctions, Senator says

A project to export cattle to Iran from Normandy in northern France has been halted due to the United States' renewed sanctions against Tehran, a French Senator said, as Washington's policy takes its toll on its European allies. The sanctions, following U.S. President Donald Trump's withdrawal from an international accord on Iran's nuclear programme, took effect on Tuesday. They have led many European companies to back out of investments in Iran, including French energy giant Total and car maker Peugeot.  Click here to read full stories.

Aug 09 - Brazil's Cosan posts quarterly loss on lower sugar, fuel sales 

Brazil's energy and logistics group Cosan SA Indústria e Comércio posted a quarterly net loss on Wednesday citing smaller domestic fuel sales and reduced sugar exports. Cosan, which is a partner of Royal Dutch Shell Plc in the 50-50 joint venture Raízen, the world's largest sugar producer, said in a market filing that it lost 64.3 million reais ($17.05 million) in the second quarter, slightly smaller than the 76 million reais loss a year earlier. Click here to read full stories.

Aug 09 - NZ's Fonterra reviews earnings guidance after trading halt 

New Zealand's Fonterra Co-operative Group Ltd, the world's largest dairy exporter, on Thursday sparked concerns it could downgrade its earnings guidance after it requested a trading halt pending a possible update. If Fonterra cuts its earnings guidance, as analysts expect, New Zealand's second-largest company will have trimmed its outlook twice in three months as it struggles with tight local supply and a competitive global processing sector. Click here to read full stories.

Aug 08 - China's July soybean imports fall as pre-tariff buying ebbs

China's soybean imports fell in July versus June, customs data showed on Wednesday, as processors slowed purchases after building up record inventory in preparation for the hefty import tariffs on U.S. shipments introduced last month. China, the world's largest soy buyer, imported 8.01 million tonnes of soybeans in July, down 8 percent from 8.70 million tonnes in June, figures from the General Administration of Customs of China showed. Click here to read full stories.

Aug 08 - Australia's drought-hit farms like lambs to the slaughter

Danny Stork, a livestock farmer in Glen Oak, 180 km (110 miles) north of Sydney, has 20 bales of hay left for his 100 head of cattle. He is now feeding them light rations in the hope the winter drought breaks. If it doesn't - and weather forecasts suggest it won't - he will run out of feed and water within weeks, leaving him little option but to send his livestock to the abattoir. Click here to read full stories.

Aug 08 - Saudi Arabian agency stops buying Canadian wheat, barley

Saudi Arabia's main state wheat buying agency has told grains exporters it will no longer buy Canadian wheat and barley in its international tenders, European traders said on Tuesday, as a diplomatic dispute between the two countries escalates. Traders said they had received an official notice from the Saudi Grains Organization (SAGO) about its decision. Click here to read full stories.

Aug 08 - First trial alleging Monsanto's Roundup causes cancer goes to jury

A trial in which a school groundskeeper alleged that his use of Monsanto's Roundup weed killer caused his terminal cancer will go to a California jury after lawyers for both sides delivered their closing arguments on Tuesday. Groundskeeper Dewayne Johnson is one of more than 5,000 plaintiffs across the United States who claim Monsanto's glyphosate-containing herbicides, including the widely-used Roundup, cause cancer. His case, the first to go to trial, began in San Francisco's Superior Court of California four weeks ago. Click here to read full stories.

Aug 08 - Ships reduce cargoes amid water drop in Argentina's Parana River

Large grain transport ships using Argentine's port hub of Rosario have had to reduce their cargo by between 3,200 and 4,300 tonnes because of an unusually low water level in the Parana River, the Rosario grains exchange said on Tuesday. The Parana River is used to transport approximately 80 percent of Argentina's agricultural and agroindustrial exports to international markets, but a drought at its origin in southern Brazil has seen its level drop by up to half a metre. Click here to read full stories.

Aug 08 - Morocco agrees to accept U.S. poultry - USTR, USDA

Morocco has agreed to accept imports of American poultry products for the first time, the U.S. Trade Representative's office and the U.S. Department of Agriculture said on Tuesday, estimating initial annual shipments at about $10 million. The agreement reverses Morocco's previous ban on U.S. poultry that was based on food safety concerns despite a free trade agreement between the two countries. Click here to read full stories.

Aug 08 - Brazil's JBS importing more corn from Argentina - source

JBS SA, the world's largest meatpacker, is importing more corn from Argentina into Brazil for feed as rising local freight costs push up prices for the domestic crop, a person with knowledge of the matter said on Tuesday. JBS operations in Brazil had resorted to importing the grain earlier this year, at the end of the country's smaller first corn harvest, for feed in the southern state of Santa Catarina, where it operates several meatprocessing plants. Click here to read full stories.

Aug 08 - Cuba sweetens land grant program for farmers

Cuba said on Tuesday it was doubling the amount of land it granted would-be farmers and the lengths of their leases in an effort to increase stagnating agricultural output. The state owns 80 percent of the land and leases most of that to farmers and cooperatives. The remainder is owned by some 400,000 private family farmers and their cooperatives. Click here to read full stories.

Aug 07 - Analyst sharply cuts Ukraine 2018/19 peas harvest, export forecast

Ukraine's UkrAgroConsult agriculture consultancy on Tuesday sharply reduced its forecast for the country's 2018 peas harvest to 850,000 tonnes from the previous estimate of 1.1 million tonnes. It also cut the 2018/19 July-June peas exports forecast by 29 percent to 600,000 tonnes. Click here to read full stories.

Aug 07 - Bunge's agribusiness head to leave company

Global grain trader Bunge Ltd said on Monday that the head of its largest unit, agribusiness, is retiring, days after the company reported a surprise quarterly loss. Brian Thomsen, 51, made "a personal decision" to step down at the end of the year, according to a company statement. Click here to read full stories.

Aug 07 - Crop Watch: Slight dip in corn yield, soy outlook steady - Braun

The Crop Watch corn and soybean fields continue at their ahead-of-average pace but the corn yield expectations declined slightly from last week’s high as the pace might be slightly too quick and parts of the western Corn Belt have been dry. Soybean conditions improved to the best score of the season, and although the prospects are good overall, most of the producers are still counting on ample rains in August to boost confidence in the crop. Click here to read full stories.

Aug 07 - Indonesia bets big on biodiesel to limit costs of oil imports

Indonesia plans to require all diesel fuel used in the country contain biodiesel starting next month to boost palm oil consumption, slash fuel imports, and narrow a yawning current account gap. While the proposal has been welcomed by the palm oil industry and government, it has raised concerns among the automobile industry the fuel could impact engine performance. Click here to read full stories.

Aug 07 - Brazil judge suspends use of agrochemical glyphosate

A Brazilian judge has suspended the use of products containing the agrochemical glyphosate, a widely employed herbicide for soy and other crops in the country, according to legal filings. A federal judge in Brasilia ruled that new products containing the chemical could not be registered in the country and existing registrations would be suspended within the next 30 days, until the government reevaluates their toxicology. Click here to read full stories.

Aug 07 - Russian wheat export prices extend rally amid crop setbacks

Russian wheat export prices continued to rise steeply last week amid worsening crop harvest forecasts across countries in Europe and the Black Sea region, analysts said on Monday. Black Sea prices for Russian wheat with 12.5 percent protein content were $234 per tonne on a free on board basis at the end of last week, up from $223 a week earlier, Russian agricultural consultancy IKAR said in a note. Click here to read full stories.

Aug 07 - Swiss aid drought-hit farmers, pull dead fish from Rhine

Switzerland will cut import tariffs on livestock feed and offer interest-free loans to help farmers deal with a drought, the federal government said on Monday, amid a heat wave that is killing off fish in the Rhine. The tariff on imports of hay and silo maize would be brought down to zero from three Swiss francs per 100 kg, a spokesman for the federal agriculture agency said. Click here to read full stories.

Aug 07 - French seed group Vilmorin says too early to see weather, trade effects

France's Vilmorin, one of the world's largest seed makers, said it was too early to tell if drought and heatwaves that have scorched European farmland and sent grain prices soaring would have a significant effect on its growth in the coming year. Rising crop prices are generally favourable for Vilmorin as they boost the income of its customers while higher oil prices have also made biofuels made with crops like maize (corn) more attractive, Chief Financial Officer Vincent Supiot said. Click here to read full stories.

Aug 07 - Tyson Foods beats profit estimates on strong beef demand

Tyson Foods Inc beat analysts' quarterly profit estimates on Monday as the No. 1 U.S. meat processor reported a record operating income for its beef business due to increased exports and cattle supplies. Stronger demand for beef offset weaker results in Tyson's pork and chicken units, which the company said were hurt by trade disputes between the United States and major importers such as Mexico and China. Click here to read full stories.

Aug 06 - Edible oil traders use free-trade pact to get around India's import tax hike 

Edible oil traders are sourcing exports of palm oil and other cooking oils to India from neighbouring countries, designating the supplies as duty-free under a regional free-trade pact and circumventing India's import tax hike on the oils. India, Bangladesh and Sri Lanka are among the signatories of the South Asian Free Trade Agreement (SAFTA) that created a free-trade zone in the South Asian region. The rising flow of duty-free edible oils is disrupting trade in India, the world's biggest importer of the oils, and is undermining efforts to raise local oilseed prices, the reason for imposing the taxes. Click here to read full stories.

Aug 06 - Farming impact of Australia's worst drought in living memory 

The worst drought in living memory is sweeping parts of eastern Australia, leaving farmers struggling to cope and asking questions about their future. Record-low rainfall in some regions and successive seasons of above-average temperatures have blighted vast tracts of Australia's grazing and crop land. Click here to read full stories.

Aug 06 - China could cut soybean imports by over 10 mln T this year - media 

China is likely to cut imports of soybeans by more than 10 million tonnes this year, thanks to new soymeal technology and the use of supplements such as sunflower seeds and palm seeds, state media Economic Daily reported on Monday. The use of low-protein formula in animal feed could cut China's annual demand for soymeal by 5-7 percent, equal to about 5 million tonnes of soybeans, the newspaper said, citing Yin Yulong of China Academy of Science. Click here to read full stories.

Aug 06 - Funds snap up CBOT grains but stay sidelined on soy - Braun 

Commodity investors last week bought the most Chicago-traded grain and oilseed contracts of any week since early March, and this was almost entirely driven by heavy buying in wheat and corn. Confirmation keeps arriving that global wheat production is slipping to multi-year lows, especially in Europe, propping up grain markets worldwide. Click here to read full stories.

Aug 06 - Argentina plans to export major amounts of soymeal to China in 2019 

Argentina expects to export significant amounts of soymeal to China starting after the next harvest in May, a top agriculture ministry official said on Friday, as the South American grains powerhouse moves to take advantage of U.S.-China trade strife. Argentine officials were in Beijing on Friday finalizing the paperwork needed to ship the country's livestock feed to China, ministry Chief of Staff Santiago del Solar said in an interview. Click here to read full stories.

Aug 06 - Informa raises U.S. 2018 soy yield forecast; corn unchanged - trade 

Private analytics firm Informa Economics raised its forecast for the 2018 U.S. soybean yield to 50.0 bushels per acre (bpa), from 49.8 previously, and left its U.S. corn yield forecast unchanged at 176.0 bpa, trade sources said on Friday. Informa projected U.S. 2018 corn production at 14.392 billion bushels and soybean output at 4.445 billion bushels. Click here to read full stories.

Aug 06 - Malaysia end-July palm oil stocks expected to hit 5-mth top 

Malaysia's palm oil stocks are expected to have risen to their highest in five months at end-July, a second straight gain as output growth outpaced exports, according to a Reuters survey. Rising stockpiles could pressure benchmark palm oil prices, which fell nearly to a three-year low on July 25. Palm oil prices on Monday rose 0.8 percent to 2,214 ringgit ($543.31) a tonne by the midday break.  Click here to read full stories.

Aug 06 - DowDuPont "defers" field trials to seek sale of GM corn seed in India 

DowDuPont Inc has told India it is putting off trials needed for approval to sell a genetically modified variety of corn, taking a cue from U.S. rival Monsanto that has also pulled a similar application due to intellectual property concerns. In a letter addressed to India's environment ministry reviewed by Reuters, the Indian arm of DowDuPont said it had obtained permission to conduct trials growing a small crop of the corn in the northern state of Punjab but would like to "defer the undertaking". Click here to read full stories.

Aug 06 - Chinese researchers charged in conspiracy to steal U.S. rice technology 

Two agricultural researchers from China were charged on Friday in connection with a 2013 attempt to steal U.S. rice technology for use in the medical field. A U.S. grand jury indicted Liu Xuejun, 49, and Sun Yue, 36, for conspiracy to steal trade secrets and conspiracy to commit interstate transportation of stolen property, according to the U.S. Attorney's Office for the Eastern District of Arkansas. Click here to read full stories.

Aug 06 - Trump administration lifts GMO crop ban for U.S. wildlife refuges 

The Trump administration has rescinded an Obama-era ban on the use of pesticides linked to declining bee populations and the cultivation of genetically modified crops in dozens of national wildlife refuges where farming is permitted. Environmentalists, who had sued to bring about the 2-year-old ban, said on Friday that lifting the restriction poses a grave threat to pollinating insects and other sensitive creatures relying on toxic-free habitats afforded by wildlife refuges. Click here to read full stories.

Aug 06 - Sime Darby Plantations' Salleh named chairman of Malaysia Palm Oil Board 

The Malaysian Palm Oil Board (MPOB) said on Monday Sime Darby Plantations' managing director, Mohd Bakke Salleh, has been appointed as chairman of the industry regulator and research body for a two-year term effective July 31. Mohd Bakke Salleh previously served as the chief executive of Felda Global Ventures Holdings Berhad (FGV)  and Lembaga Tabung Haji (LTH), Malaysia's pilgrimage fund to Mecca, according to a statement, and replaced outgoing MPOB chairman Ahmad Hamzah. Click here to read full stories.

Aug 03 - ADM takes early lead in fight for trade war spoils, Bunge stumbles 

Agricultural commodities trader Archer Daniels Midland Co has so far weathered the U.S.-China trade war better than rival Bunge Ltd with a more conservative trading strategy, diversified crop sales and limited exposure to Brazil's currency swings. The companies perform similar functions: buying, selling, transporting and processing crops around the world. However their starkly different second-quarter earnings show how varying strategies can produce drastically different results, providing lessons for other global grain traders. Click here to read full stories.

Aug 03 - Heatwave ravages European fields, sending wheat prices soaring 

Searing heat has devastated wheat fields across northern Europe while a combination of dry conditions and extreme rain in the Black Sea have hit output estimates, with prices soaring on fears of further crop damage. Evidence of serious harm to crops is growing as harvesting heads north in Germany, the European Union's second largest wheat producer, and in Scandinavia, prompting further cuts to estimates for the 28-member bloc. Click here to read full stories.

Aug 03 - Argentine soy crushers seen gaining access to Chinese meal market - industry group 

Argentina's soybean crushers could gain access to the Chinese soymeal market "in the coming months," the head of the country's CIARA oilseed crushers industry group told Reuters on Thursday. The South American country's government will present China with a list of companies seeking permission to export soymeal, which includes all Argentine soy crushers including the local units of Bunge and Cargill, CIARA President Gustavo Idigoras said in an interview. Click here to read full stories.

Aug 03 - World food prices down 3.7 pct m/m in July - U.N. FAO 

World food prices fell 3.7 percent in July from the month before, the sharpest monthly drop since last December, with declines seen across all crop types, the United Nations food agency said on Thursday. The Food and Agriculture Organization's (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 168.8 points last month, against an upwardly revised 175.3 in June. Click here to read full stories.

Aug 03 - Brazil's FS Bioenergia bullish on corn ethanol after slow start 

FS Bioenergia, Brazil's first corn-only ethanol producer, will press on with plans to build a second plant despite its first unit failing to reach full production capacity during its first year, an executive said on Wednesday. FS Bionergia, a joint venture of U.S.-based Summit Agricultural Group and local partner Tapajós Participações, processed 520,000 tonnes of corn and produced 220 million liters of ethanol in the first year of operation, below installed capacity of 650,000 tonnes and 250 million liters, Chief Executive Rafael Abud said in an interview. Click here to read full stories.

Aug 03 - Brazil soybean farmers face 20 pct jump in fertilizer, pesticide cost 

Brazilian soybean farmers face a rise of about 20 percent in fertilizer and pesticide costs ahead of the 2018/19 crop cycle, which will be planted from around September, according to a senior agribusiness analyst at investment bank Itaú BBA. A rise in farm input costs will likely reduce margins for farmers in Brazil's agricultural heartland, Guilherme Bellotti said during a presentation. Click here to read full stories.

Aug 03 - Commodities may be first to show real impact of Trump-China trade war: Russell 

The Phoney War stage of U.S. President Donald Trump's trade dispute with China may be ending, with economic indicators and commodity flows and prices starting to show real world effects. The latest signal that China's economy may be feeling some pain associated with Trump's tariffs on about $34 billion in Chinese goods was the softening of the Purchasing Managers' Index (PMI) in July. Click here to read full stories.

Aug 03 - DowDuPont sees higher raw material costs, shares fall 

DowDuPont Inc said it expects higher raw material costs to hit all its units for the rest of the year even as an uptick in its agriculture business helped the U.S. chemicals producer beat Street estimates for the fourth straight quarter. Shares of the company fell 3 percent to $66.11 in morning trade and were the biggest drag on the S&P 500 index at 1500 GMT. Click here to read full stories.

Aug 03 - Fertilizer maker Nutrien sees continued US farmer spending during trade war 

U.S. farmers continue to spend on fertilizer despite an escalating trade war between the United States and China that has depressed crop prices, but their fears about the financial impact may grow if the fight extends beyond the harvest, the chief executive of Nutrien Ltd said on Thursday. China on Thursday urged the United States to "calm down" and return to reason after the Trump administration proposed a higher 25 percent tariff on $200 billion worth of Chinese imports.  Click here to read full stories.

Aug 03 - Commission offers assistance to EU Farmers struck by drought 

The European Commission said on Thursday it had loosened agricultural regulations and would speed up payments to EU farmers hit by extreme droughts. As Europe grapples with one of the hottest summers on record, the Commission said the move was aimed at counteracting the decrease in production of crops and avoid further hardship for farmers. Click here to read full stories.

Aug 02 - Weather woes ravage Europe's wheat fields, markets race higher 

Scorching temperatures have devastated wheat fields across northern Europe while a combination of dry conditions and extreme rain in the Black Sea bread basket have sunk output estimates, with fears of further damage causing prices to soar. As harvesting heads north in Germany, the European Union's second largest wheat producer behind France, more evidence of serious damage to crops is emerging - prompting observers to cut crop estimates repeatedly for the 28-member bloc. Click here to read full stories.

Aug 02 - Bunge posts surprise loss; blames bets on trade war truce 

Global grains merchant Bunge Ltd reported a surprise quarterly loss on Wednesday after being caught wrong-footed in the soybean futures market with bets that a trade war between the United States and China would be averted. Bunge stock fell 3.9 percent to $66.42 a share. Click here to read full stories.

Aug 02 - EU touts jump in soybean imports from US 

EU soybean imports from the United States almost quadrupled early in the new marketing year, the European Union said, a week after it struck a deal with U.S. President Donald Trump to avert a trade row, as buyers responded to a sharp drop in prices. The EU said in a statement that the collation of new bi-monthly import data showing the rise was "the first concrete follow-up to the EU-U.S. joint statement agreed in Washington between Commission President Juncker and U.S. President Trump". Click here to read full stories.

Aug 02 - Australia's drought-hit farmers to miss any benefit from U.S.-China trade war 

Australian farmers, suffering from a second year of drought, are unlikely to benefit from a U.S.-China trade war because of lower production of key crops including wheat and sorghum, traders and industry officials said on Wednesday. The withering dry spell across Australia's east coast is expected to reduce wheat crop yields in the world's fourth largest exporter of the grain. It has already hit summer crops such as sorghum, where China is a major buyer. Click here to read full stories.

Aug 02 - Indonesia to make biodiesel use compulsory from Sept. 1 - official 

Indonesia aims to make the use of biodiesel blended fuels compulsory for all vehicles and heavy machinery from Sept. 1, Renewable Energy Director General Rida Mulyana said on Wednesday, amid efforts to reduce the current account deficit in Southeast Asia's biggest economy. President Joko Widodo in a cabinet meeting a day earlier said he wanted an immediate implementation of Indonesia's biodiesel expansion programme to help save billions of dollars in diesel imports. Click here to read full stories.

Aug 02 - Drought to slash German grain crop by a fifth - farm lobby 

Germany's 2018 grains harvest will slump about 20 percent on the year to around 36 million tonnes after crops suffered massive damage from drought and a heatwave, German farmers association DBV said on Wednesday. Germany is the European Union's No.2 grain producer after France, and in most years the EU’s largest producer of rapeseed, Europe's main oilseed for edible oil. But German crops wilted under the highest May temperatures since 1881 and exceptionally dry weather in June and July.  Click here to read full stories.

Aug 02 - "Superfood" craze makes big business of Africa's baobab 

Taerou Dieuhiou has been shinning barefoot up baobab trees in Senegal's southern Casamance region to collect the oblong fruit since he was 15. Business has never been better. Inside the hard, green shell that dangles from the spindly branches of Africa's most iconic tree is a citrussy pulp that has become a popular "superfood" in the United States and Europe. Click here to read full stories.

Aug 02 - Brazil's BRF launches 'bio' chicken line in bid to boost profits 

BRF SA will launch a line of chicken products aimed at health-conscious Brazilians, the company's marketing director said on Wednesday, as Brazil's largest poultry processor grapples with a meat glut after a series of export bans. Rodrigo Lacerda said the initiative, the first since Chief Executive Pedro Parente joined the company, is an attempt to grow profitably through higher value products. Click here to read full stories.

Aug 02 - India's monsoon rain forecast cut, farm output seen at risk 

India is likely to receive below-normal monsoon rains in 2018, a private weather forecaster said on Wednesday, raising concerns over farm output and economic growth in Asia's third-biggest economy, where half the farmland lacks irrigation. The monsoon delivers about 70 percent of India's annual rainfall, critical for the farm sector that accounts for about 14 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.

Aug 02 - India may reduce wheat import duty after patchy monsoon rains - consultant 

India may cut its wheat import duty as domestic prices rise and patchy monsoon rains cast doubts about wheat production, an agriculture specialist said on Thursday. "The government may be forced to reduce the import duty on wheat because monsoon rains have been deficient in some parts of the country and prices are rising," said Guruswamy Chandrashekhar, a global agribusiness and commodities specialist. Click here to read full stories.

Aug 02 - Brazil chicken exports hit record high in July 

Brazil's chicken exports rose to a record monthly high in July following the end of a truckers' strike in May, meat industry group ABPA said on Wednesday after the government released fresh trade data for a wide range of products. Chicken exports, including fresh and processed products, rose by almost 21 percent in July from the same month a year earlier, to 463,100 tonnes. That volume generated revenues of $711 million in the period, according to ABPA. Click here to read full stories.

Aug 02 - Germany considering aid for livestock farms after drought  

Germany's government is considering special aid for livestock farmers to help them overcome a sharp rise in animal feed prices after this summer's drought, German agriculture minister Julia Kloeckner said on Wednesday. "In many regions we are suffering from a massive shortage of animal feed," Kloeckner said at a press conference. Click here to read full stories.

Aug 02 - Fertilizer maker Nutrien's beats profit estimates, raises forecast 

Canadian fertilizer and farm supply dealer Nutrien Ltd posted a better-than-expected quarterly profit on Wednesday, driven by higher prices for potash and nitrogen fertilizers. The company raised its forecast for potash sales volumes to between 12.3 and 12.8 million tonnes, citing strong global potash demand. This compares to a May projection in the range of 12 million tonnes to 12.5 million tonnes. Click here to read full stories.

Aug 01 - Ukraine to boost grains production with eyes on China

Ukraine is aiming to boost grains and oilseed exports to China as rising consumption and trade tensions between Washington and Beijing create new opportunities, a senior industry official said on Wednesday. The Black Sea region's top producers, Russia and Ukraine, have been increasing their presence in the global grains and oilseed market, offering stiff competition to exporters in America and Europe. Click here to read full stories.

Aug 01 - Corn may be an unintended trade war victim in 2019 -Braun 

U.S. corn supply is predicted to plunge by 23 percent over the next year, but the tighter domestic market may be a short-lived phenomenon pending the resolution of the U.S.-China trade war. The world’s two largest economies have been embroiled in a trade battle in which Beijing hit U.S. soybeans with a 25 percent tariff, crippling Chicago soybean futures and spurring last week’s $12 billion farmer aid package from the U.S. government. Click here to read full stories.

Aug 01 - Trump defends trade and tariff policies at Tampa rally 

U.S. President Donald Trump defended his trade policies on Tuesday in a speech in Florida and said American farmers hurt by retaliatory tariffs from China were bearing up, in a sign he is feeling some political heat on the issue. Trump's rally speech in Tampa contained many elements familiar to his political events. Several hecklers were ejected and the crowd at the state fairgrounds was big and loud. Trump attacked public opinion polls, except one that said he was popular among Republicans. Click here to read full stories.

Aug 01 - Indian farm product tariffs curbing Australian exports-minister 

Australia's exports of farm products to India have taken a hit because of new tariffs and free trade negotiations between the two countries have stalled, trade minister Steven Ciobo said on Wednesday. "Australian farm exporters to India have been whacked with a range of new trade distortions over the past year," Ciobo told a grains industry conference in Melbourne. Click here to read full stories.

Aug 01 - ADM earnings double, helped by U.S.-China trade row 

Archer Daniels Midland Co's net profits doubled in the second quarter and beat Wall Street estimates, after a drought in Argentina and the U.S.-China trade spat boosted the U.S. grain merchant's trading and oilseed processing businesses. Shares were up 1 percent at $47.86 after touching a three-year high on the New York Stock Exchange. Click here to read full stories.

Aug 01 - Ukraine expects record maize harvest, rising sales to China 

Ukraine's maize harvest may hit a record 27-28 million tonnes this year and sales to China could rise by 10 percent due to the trade war between Washington and Beijing, the country's acting agriculture minister said. China has accused the United States of triggering the "largest-scale trade war" with import duties, potentially giving a further boost to already booming grain and oilseed exports from the Black Sea region. Click here to read full stories.

Aug 01 - Wheat supply tightens, but prices capped by U.S. inventories 

The global wheat market is facing a period of tighter supply from dry weather in key exporters, but large U.S. inventories will likely cap the U.S. futures market at around $6 a bushel, the head of a commodity analytics firm said on Tuesday. Global wheat prices have been rising as dry conditions are expected to curb production in Europe and the Black Sea region as well as Australia, following years of bumper production. Click here to read full stories.

Aug 01 - Indonesia president pushes biodiesel plan to stop currency tanking 

Indonesia's president called on Tuesday for the immediate implementation of a plan to widen the use of biodiesel that his economic ministers hope will cut the country's fuel import bill by billions of dollars and halt a decline in the rupiah currency. Joko Widodo also sounded an alarm on the foreign exchange reserves of Southeast Asia's largest economy, less than a week after he pleaded with exporters to bring home earnings they currently keep offshore to stem the slide in the rupiah. Click here to read full stories.

Aug 01 - German farmers step up $1 bln aid call after drought damage 

German farmers intensified calls for around 1 billion euros ($1.17 billion) in special aid on Tuesday after crop damage from a drought and heatwave, but Berlin said it would wait for an August harvest report before making a decision. The president of German farming association DBV, Joachim Rukwied, said drought had caused 1.4 million euros ($1.6 million) of damage to grains crops alone this year. Click here to read full stories.

Aug 01 - Rains hit on Bulgaria's 2018 wheat harvest 

Extensive rains in July have hit Bulgaria's wheat sowings and are likely to cut its 2018 crop to about 5.5 million tonnes, with average yields down some 7 percent from a year ago, a senior official at the agriculture ministry said on Tuesday. In June, the ministry hoped that the wheat crop would match last year's bumper crop of 6.1 million tonnes. Click here to read full stories.

Aug 01 - Swedish wheat crop may fall 40 pct on the year on dryness, heat 

Sweden's wheat harvest could fall by more than 40 percent on the year, hit by dryness and a heatwave, the head of the grain unit of giant Swedish farm cooperative Lantmannen said, joining other producers around the world roiled by adverse weather. It is the latest in a series of indications that a lack of rain and extreme heat have damaged crops in countries such as France, Germany and the Baltics. Click here to read full stories.

Aug 01 - Europe's top beet producer to start making lower-sugar sweetener

Suedzucker, Europe's largest beet producer, will start making a sweetener with less sugar to help foodmakers cut the amount needed in treats and cakes, as the industry responds to growing consumer demand for lower sugar content. The German company has signed an agreement with Tel Aviv-based DouxMatouk to produce a sweetener with the same degree of sweetness but an average of 40 percent less sugar, they said in a statement on Tuesday. Commercial-scale production is expected by mid-2019, they added. Click here to read full stories.

Jul 31 - Russian grains rally with benchmarks amid crop forecast cuts 

Russian wheat export prices rose sharply last week for a second week in a row as global benchmarks rally amid cuts in crop estimates for Europe and the Black Sea and as rains delayed harvesting in part of Russia, analysts said on Monday. World wheat production is set to fall to a five-year low following significant downgrades to crop prospects in the European Union and Russia, the International Grains Council said last week. Click here to read full stories.

Jul 31 - Crop Watch: U.S. corn, soy yields set to impress despite obstacles -Braun 

Although more moisture is needed in Iowa and points east, the Crop Watch corn and soybean conditions improved again this week and the collective yield expectations are the highest of the season for corn and the second-highest for soybeans. The high expectations are despite some earlier saturation problems in Minnesota and Nebraska and some unwanted heat and dryness during corn pollination from Iowa to Ohio. The Kansas fields have battled drought this season and just sustained a damaging hailstorm over the weekend. Click here to read full stories.

Jul 31 - German farmers seek 1 billion euros in drought aid - report 

Farmers in Germany need special aid of around 1 billion euros ($1.17 billion) because of damage to harvests caused by drought and heatwave, the head of German farming association DBV said on Monday. The aid should be paid to farmers who have lost 30 percent and more of their harvests, DBV president Joachim Rukwied told German regional newspaper group Funke Medien. Click here to read full stories.

 Jul 31 - Strategie Grains sharply reduces EU rapeseed crop estimate 

Consultancy Strategie Grains further reduced its forecast for this year's European Union rapeseed harvest, citing downward revisions for northern Europe, particularly in France, Germany, Poland and Denmark. The French-based firm said in a monthly oilseed report it expected EU rapeseed production to reach 19.95 million tonnes this year, down from 21.1 million estimated in early July and 22.2 million tonnes estimated early May. Click here to read full stories.

Jul 31 - U.S. corn seen 71 pct good to excellent, soybeans 69 pct  - poll

The U.S. Department of Agriculture was likely to lower crop condition ratings for U.S. corn and soybeans on Monday, reflecting dryness building in portions of the Midwest, according to a Reuters poll of analysts on Monday. The USDA in a weekly report due at 3 p.m. CDT (2000 GMT) was expected to rate the U.S. corn crop at 71 percent good to excellent, down 1 percentage point from a week ago, according to an average of estimates by 10 analysts. Click here to read full stories.

Jul 31 - Ukraine exported 17.2 mln T wheat in 2017/18, Asia in focus 

Ukraine's wheat exports totalled 17.2 million tonnes in the 2017/18 July-June season and Asian countries were the leading importers, analyst UkrAgroConsult said on Monday. Ukraine exported 17.5 million tonnes of wheat in 2016/17. Click here to read full stories.

Jul 31 - Brazil's center-south second-corn crop forecast lowered to 53.4 m T 

Brazilian grains consultancy AgRural on Monday lowered the country's center-south second-corn output forecast to 53.4 million tonnes from 53.6 million tonnes previously citing dry weather in key producing states. The consultancy also reduced its projection for Brazil's second-corn crop to 56.8 million tonnes from 57.1 million tonnes forecast earlier this month. The drought impacted corn production in states including Paraná, São Paulo and Mato Grosso do Sul, AgRural said. Click here to read full stories.

Jul 31 - Meat processor Tyson Foods cuts profit forecast on mounting tariff pressures 

Tyson Foods Inc cut its full-year profit forecast on Monday, citing the uncertainty in trade policies and increased tariffs that have hurt domestic and export prices of meat, sending its shares down 6 percent. Following U.S. tariffs on imported aluminum and steel, China retaliated with tariffs on U.S. pork and beef, while Mexico and Canada also implemented levies, leading to over supplies and subsequently lower prices for these proteins in the domestic market. Click here to read full stories.

Jul 30 - G20 agriculture ministers slam protectionism, pledge WTO reforms 

Agriculture ministers from the G20 countries criticized protectionism in a joint statement on Saturday, and vowed to reform World Trade Organization (WTO) rules, but did not detail what steps they would take to improve the food trade system. In the statement, they said they were "concerned about the increasing use of protectionist non-tariff trade measures, inconsistently with WTO rules." Click here to read full stories.

Jul 30 - Funds favor CBOT wheat but snub corn, soy -Braun 

Ongoing concerns about dwindling global wheat supply grabbed the attention of commodity investors last week, though speculators did not budge on their bearish corn and soybean views despite the bump in Chicago-traded futures. In the week ended July 24, hedge funds and other money managers boosted their bullish bets in CBOT wheat futures and options to 23,942 contracts from 3,557 in the week prior, according to data from the U.S. Commodity Futures Trading Commission. Click here to read full stories.

Jul 30 - As trade war crushes China's soybean mills, U.S. rivals make hay 

Over the past few months, Chinese mills have bought every cargo of soybeans they can lay their hands on to prepare for Beijing's imposition of hefty tariffs on U.S. imports. Now, at least 20 factories - including two of China's largest - have cut or suspended output in the most widespread cuts in years, capitulating to record stockpiles of soymeal and a punishing year-long slump in demand from hog farmers. Click here to read full stories.

Jul 30 - Germany says U.S.-Europe trade tensions ease, questions remain on soy 

The trade relationship between the United States and Europe is improving, German Agriculture Minister Julia Kloeckner said on Saturday, but there is no guarantee the bloc will buy the quantity of soybeans that Washington expects. U.S. President Donald Trump and Jean-Claude Juncker, president of the European Commission, the EU's executive body, struck a surprise deal on Wednesday that ended the risk of an immediate trade war between the two powers. Click here to read full stories.

Jul 30 - U.S. says farmers could get cash aid by Oct but will not be made whole 

U.S. farmers could receive cash payments from a planned $12 billion aid package as soon as late September, U.S. Agriculture Secretary Sonny Perdue told Reuters on Saturday, warning that the program will not make tariff-hit farmers whole. Perdue said in an interview on the sidelines of the G20 meeting of agriculture ministers in Buenos Aires that the plan would include between $7 billion and $8 billion in direct cash relief. Click here to read full stories.

Jul 30 - California farmers and Mexican cheese sales, U.S. trade war takes a toll 

Stephen Mancebo, a fourth-generation California dairy farmer with 2,300 cows, has battled ups and downs in his temperamental industry for a quarter-century only to find himself a casualty of a U.S trade war with one of his biggest customers - Mexico. Mancebo, 47, represents one of approximately 1,300 dairy farm families eking out a living in California on the narrow margins of an enterprise that increasingly relies on exports. Click here to read full stories.

Jul 30 - Brazil soy margins to halve in 2018/19, record area still expected 

Falling margins for soy growers in Brazil from currency swings and rising transport costs will not derail farmers' plans to plant a record crop come September, as strong Chinese demand is expected to buoy the market, according to agribusiness analysts. Farmers' margins on soy are expected to fall to half of the previous crop cycle or to between 1,200 reais and 1,500 reais (about $325-$400) per hectare, as the weaker Brazilian currency boosts the cost of imported farm inputs like fertilizers, according to a study by bank Banco Itaú BBA. Click here to read full stories.

Jul 30 - Cheer for beer brewers as world hop harvest looks good 

Brewers will get a good supply of hops, a key beer ingredient, this year as the world hop harvest is likely to reach a reasonable size, although slightly smaller than last year, the head of German-U.S. global hops trader Barth-Haas Group said. Exceptionally hot, dry weather has hit some crops in northern Europe. Click here to read full stories.

Jul 30 - Bayer, BASF to pursue plant gene editing elsewhere after EU ruling 

Bayer and BASF, among Europe's largest makers of farm supplies, all but ruled out pursuing genetic plant breeding at home after the EU ruled the technology should be regulated like genetically modified organisms (GMO). The European Court of Justice (ECJ) said on Wednesday mutagenesis-based gene-editing methods such as CRISPR/Cas9, which can rearrange targeted bits of DNA, fall under rules that now apply to genetic modification via strands of DNA from a different species. Click here to read full stories.

Jul 30 - Malaysia's palm plantation operator Felda names new chairman 

Malaysian state palm oil plantation agency, Federal Land Development Authority (Felda), said on Friday it had appointed the former chairman of the country's biggest bank, Maybank, as its new chairman. Megat Zaharuddin Megat Mohd Nor will replace Shahrir Samad, who was brought in last year with an aim of fixing management issues at the agency and rebuilding support for Najib Razak's government among Malaysia's palm oil settlers ahead of the May 9 general election. Click here to read full stories.

Jul 30 - Australian grain giant GrainCorp opens trading office in Ukraine 

Australian grain giant GrainCorp has opened a trading office in Ukraine, the company said on Friday. A new firm, GrainCorp Ukraine Ltd, was registered on May 14 and plans to trade agricultural raw materials, grain, seeds, and animal feed.  Earlier this year GrainCorp, a leading international agribusiness based in Sydney, said it expected to be present in Ukraine for the 2018 new crop and that an initial asset-light Ukraine presence was being established. Click here to read full stories.

Jul 30 - Asian Palm Oil Ticks Up as Soybeans Improve (Dow Jones)
Asian palm oil prices are slightly higher to start the week as ongoing improvement in soybeans continue to provide support. Focus will be on Malaysia palm-oil export estimates due tomorrow to see whether improvement seen in last week's data has persisted. The Bursa Malaysia benchmark contract is up 0.3% at MYR2,192/ton.

Jul 30  - Australia Cotton at Record Premium to America's (Dow Jones)
Australian cotton is selling at record premiums of as much as 60% to US product thanks to demand from China, says cotton derivative group Jernigan. It notes only a small amount of US cotton is similar in type to Australia's, and with Chinese access to US product hampered by the trade fight it's pushing the countries' prices in opposite directions. "The Chinese tariff does not seem to be the only reason for the discount. Another appears to be the logistical issue the US is experiencing."

Jul 30 - Indonesia Rice Imports Seen Soaring This Year (Dow Jones)
Indonesia's rice imports are expected to surge this year amid low supplies and increased competition from corn plantings, predicts the USDA. It's predicting imports of 2 million tons, versus the 350,000 the country took in last year. The increased demand should support prices in Vietnam and Thailand but have limited impact globally.

Jul 27 - Trade war drives China to seek ways to cut soymeal in animal feed 

China's state planner has discussed ways of reducing soymeal levels in animal feed with top feed makers, sources briefed on the matter said, as Beijing tries to help its farmers cope with a protracted trade war with Washington. The National Development and Reform Commission (NDRC) called the companies to a meeting in the Chinese capital on Wednesday, the two sources said. The discussions also looked at how to secure alternative protein-rich ingredients, they added. Click here to read full stories.

Jul 27 - IGC cuts forecast for world wheat crop to five-year low 

World wheat production is set to fall to a five-year low following significant downgrades to crop prospects in the European Union and Russia, the International Grains Council said on Thursday. The inter-governmental body cut its forecast for world wheat production in 2018/19 by 16 million tonnes to 721 million, the lowest total since the 2013/14 season. Click here to read full stories.

Jul 27 - Discount not discourse to boost U.S. soy sales to EU 

European Union imports of U.S. soybeans will remain strong for economic reasons with talks between U.S. President Donald Trump and European Commission President Jean-Claude Juncker giving them only a symbolic boost, European traders and analysts said. Trump told reporters after meeting Juncker on Wednesday that the EU would start, almost immediately, to buy a lot of soybeans.  Click here to read full stories.

Jul 27 - EU cannot rescue U.S. soy exports from lost China trade - Braun 

This week's trade truce between the United States and the European Union left some market-watchers hopeful that the 28-member bloc could help offset lost U.S. soybean business to China, but that is likely too optimistic. U.S. and European Union leaders on Wednesday launched negotiations to cut transatlantic trade barriers, which President Donald Trump implied could be friendly to the slumping U.S. soybean market. Click here to read full stories.

Jul 27 - India's milk powder exports to surge on subsidies, dampen global prices 

A massive milk glut in India could hit international prices for dry milk powder after government subsidies aimed at supporting local farmers look set to spur a ninefold surge in exports, industry officials told Reuters. India's skimmed milk powder (SMP) exports are expected to rise to 100,000 tonnes in the 2018/19 fiscal year as rare government incentives spur overseas sales and make shipments from the world's biggest milk producer competitive on the global market. Click here to read full stories.

Jul 27 - Iowa farmers wary of aid, trade wars but still turn out for Trump 

Iowa farmers criticized President Donald Trump's $12 billion farm aid package and worried about trade wars impacting their business, but many still turned out to support him on Thursday during a visit to the top corn-producing state. Eugene Wiederholt, who rents out land used to produce soybeans in the town of Zwingle, said the farm assistance package announced Tuesday to help farmers weather lost markets and low prices from the trade disputes reminded him of welfare. Click here to read full stories.

Jul 27 - Canada dry, but crop tour sees slightly bigger wheat, canola yields 

Canadian farmers were on track to reap slightly larger wheat and canola yields, despite dry conditions and a wide discrepancy in growth rates, a crop tour estimated on Thursday. The inaugural Grain World crop tour, organized by FarmLink Marketing Solutions, toured the Canadian Prairie provinces on Tuesday and Wednesday. Click here to read full stories.

Jul 27 - COFCO, Sinograin must take more responsibility on food security - watchdog 

China's corruption watchdog said the state grain stockpiler Sinograin and the largest state-owned agriculture firm COFCO need to take more "political responsibility" to safeguard the country's food security, according to two separate statements late on Thursday. The Central Commission for Discipline Inspection (CCDI) did not elaborate on what additional political responsibilities should be taken by COFCO and Sinograin in its annual inspection of the two companies. Click here to read full stories.

Jul 27 - Crop tour sees below-average U.S. spring wheat yield prospects 

Scouts on an annual crop tour of North Dakota, the top U.S. spring wheat producer, found below-average yield potential in this year's crop, in contrast to a government forecast for a record-tying yield. The Wheat Quality Council's three-day tour of North Dakota and adjacent areas in Minnesota and South Dakota projected an average spring wheat yield of 41.1 bushels per acre (bpa), up from the tour's forecast of 38.1 bpa in 2017 but below its prior five-year average of 45.4 bpa. Click here to read full stories.

Jul 27 - Indonesia Palm Oil Stocks Grow in June But Pace Slows (IPA DJ)
Indonesian palm oil stocks continued to grow in June although the pace has slowed somewhat, according to the Indonesian Palm Oil Association, or Gapki data. In June, stocks were at 4.85 million tons, up from 4.76 million tons in May. However, the data shows a slight fall in production and improved exports. This will be good news for the market concerned about demand for palm oil. The Bursa Malaysia benchmark palm oil contract is currently trading up 1 ringgit a ton at MYR2,203 a ton.

Jul 27 - Asian Palm-Oil Prices Pare Thursday's Gains (Dow Jones)
Asian palm-oil prices are slightly lower after yesterday's rebound on the back of improved Malaysian export estimates. But overnight gains in soybeans are providing downside support. The Bursa Malaysia benchmark palm oil contract is down 0.3% at MYR2,194/ton.

Jul 26 - Asian CPO Gains Further on Rival Oil Moves (Dow Jones)
Asian crude palm oil prices continued to rise, spurred by stronger competing oil prices and a weaker ringgit. "Prices were higher on technical buying, after the market was oversold in past few weeks," says David Ng of Philip Futures in Kuala Lumpur. Robust export performance has also lifted the mood of the market, he adds. Benchmark October futures on the Bursa Malaysia Derivatives Exchange closed up MYR38 at MYR2,201/ton ($542).

Jul 26 - Trump says China is 'vicious,' using U.S. farmers as trade pawns 

U.S. President Donald Trump accused China on Wednesday of targeting American farmers in a "vicious" way and using them as leverage to get concessions on trade a day after the administration announced a $12 billion farm aid package. Some farmers and farm-state lawmakers, including Trump's fellow Republicans, ripped the move, saying they would rather trade with no tariffs than receive government help. Click here to read full stories.

Jul 26 - U.S. farm aid flimsy bandage on deep trade war wound -Braun 

The U.S. government has opted for short-term aid over free trade after its farmers suffered financial damages due to the trade war with China, but the payments offered are small comfort for the disruption of one of the most important trade relationships for the United States. The Trump administration on Tuesday revealed the largest emergency farm aid package since 1998 that will offer U.S. farmers up to $12 billion in aid through three different mechanisms run by the U.S. Department of Agriculture. Click here to read full stories.

Jul 26 - How Iraq's agricultural heartland is dying of thirst 

One day in June, a giant irrigation pump deep in the Mosul Dam Lake sputtered briefly into life. The successful test brought a rare moment of celebration for the facility's supervisor, Assem Abdel Rahman, and his small team of engineers from Iraq's Water Resources Ministry. The pump had lain idle since 2014, when Islamic State fighters swept into Nineveh, then a lush province capable of producing almost a quarter of Iraq's wheat. When Iraqi forces and their allies drove out the militants three years later, the pump was out of action and the irrigation canals it supplied were in ruins. That June test showed there was hope for the pump, at least. Click here to read full stories.

Jul 26 - Top EU court: GMO rules cover plant gene editing technique 

Crops obtained by plant breeding technique mutagenesis should fall under laws restricting the use of genetically modified organisms (GMOs), Europe's highest court said on Wednesday, in a victory for environmental campaigners. The biotech industry had argued that much of mutagenesis, or gene editing, is effectively little different to the mutagenesis that occurs naturally or is induced by radiation - a standard plant breeding method since the 1950s, but the court disagreed. Click here to read full stories.

Jul 26 - Strategie Grains cuts EU soft wheat crop estimate to 6-year low 

Consultancy Strategie Grains has again cut its estimate for this year's European soft wheat crop, which is now expected to be below 130 million tonnes versus 132.4 million tonnes estimated in early July, it said on Wednesday. This would be the lowest soft wheat harvest in the 28-member bloc since 2012, analyst Laurine Simon told Reuters. The EU harvested 141.8 million tonnes of soft wheat in 2017. Click here to read full stories.

Jul 26 - Britain's May says Brexit offers "unique opportunity" for farmers 

Brexit offers a "unique opportunity" for Britain to transform its food, farming and environmental policies, Prime Minister Theresa May will tell farmers on Thursday, stepping up efforts to sell her vision for leaving the European Union. May's plan for Britain's future ties with the EU has come under fire not only from competing factions in her Conservative Party but also across the country. Some say it will leave Britain too close to the bloc while others argue her proposal offers a relationship that is not close enough. Click here to read full stories.

Jul 26 - Brazil law speeding up pesticide approval seen stalling to 2019 - official 

A proposed law to speed up approvals of new pesticides in Brazil that has drawn criticism from environmentalists is unlikely to gain congressional approval before next year, an agriculture ministry official told Reuters on Wednesday. Approval of a new pesticide can take three to eight years or longer in Brazil, far longer than in the United States and Europe, Luis Eduardo Rangel, vice minister for agriculture safety, said in an interview. Click here to read full stories.

Jul 26 - Qatar to build sugar refinery to avoid boycott disruptions - sources 

Qatar is building a sugar refinery in a bid to avoid supply disruptions after neighbouring Gulf Arab states severed economic and political ties with Doha more than a year ago, sources say. In normal trading conditions, building a refinery in Qatar would make little commercial sense because of depressed sugar prices, surplus world stocks and the presence of regional refineries that could provide supplies, the sources said. Click here to read full stories.

Jul 26 - Australia's agriculture minister hails 'good friend' China 

Australia is working to increase its meat exports to China, its agriculture minister told Reuters in an interview on Wednesday, describing the Asian giant as "a good friend" despite recent trade tensions between the two nations. Australian Agriculture Minister David Littleproud said he had sent specialist agricultural envoys to China in a bid to advance a 2016 free trade agreement on Australian imports and set aside technical barriers around meat exports to China. Click here to read full stories.

Jul 26 - Bangladesh gets offers in 50,000 tonne wheat tender 

Bangladesh's state grains buyer got the lowest offer, $270.89 a tonne C&F liner out, in an international tender on Wednesday to purchase and import 50,000 tonnes of wheat, a senior state procurement official said. No purchase has yet been made and the offers are still being considered, the official said, confirming earlier information from European traders. Click here to read full stories.

Jul 26 - Asian CPO Sell-Off in July Was Overdone (Rabobank DJ)
Despite bearish fundamental for palm oil, the Bursa Malaysia palm oil sell-off in July 2018 was overdone, according to Rabobank in a note; "The sell-off occurred on the back of global soybean complex price volatilities, which added more downward pressure to the already bearish palm oil sentiment." High palm oil inventory levels in Malaysia and Indonesia will limit recovery of palm oil prices in 3Q 2018, it says. The Bursa Malaysia benchmark palm oil contract is trading up 18 ringgit a ton at MYR2,181 a ton.

Jul 26 - Asian Palm Oil Prices Lift on Better Export Estimates (SGS DJ)
Asian palm oil prices lift off lows recorded earlier in the week following the release of Malaysia export estimates on Wednesday showing July palm oil exports are now higher on month after a slow start. Cargo surveyor SGS estimates that total Malaysia palm oil exports were up 5.6% for the first 25 days of the month. The Bursa Malaysia benchmark palm oil contract is currently trading up 16 ringgit a ton at MYR2,179 a ton.

Jul 25 - Trump wants $12 billion in aid to U.S. farmers suffering from trade war 

The Trump administration on Tuesday said it will use a Great Depression-era program to pay up to $12 billion to help U.S. farmers weather a growing trade war with China, the European Union and others that the president began. It is a clear signal the U.S. President Donald Trump is determined to stick with tariffs as his weapon of choice in the conflict. The move meant to cushion the blow for a politically important constituency was met with broad criticism by many farmers and farm-belt lawmakers, including Republicans. Click here to read full stories.

 Jul 25 - Bunge to close Argentine soybean mill, lay off 60 workers - union 

A union of employees of soy crushing plants in Argentina said on Tuesday that U.S. grains merchant Bunge Ltd told workers it will shutter a mill at the port of Ramallo in the province of Buenos Aires, laying off 60 workers. The Workers' Federation of the Industrial Oilseed Complex, which represents employees at Argentina's soy crushing plants, said Bunge informed workers about the decision on Monday, though they have not yet formally been dismissed. Argentina is the world's top soybean oil and meal exporter. Click here to read full stories.

 

Jul 25 - U.S. EPA to keep pursuing biofuel changes under new leadership - Wheeler 

The U.S. Environmental Protection Agency's acting administrator said on Tuesday he would follow up the work of his predecessor to overhaul the nation's biofuel policy, including pursuing changes strongly opposed by the powerful corn lobby like counting ethanol exports toward annual biofuels quotas. The biofuel industry had been hoping that Andrew Wheeler would drop some of former Administrator Scott Pruitt's overhaul efforts, which were aimed at helping the oil industry, and instead prioritize the interests of farmers in the U.S. heartland to expand domestic markets for corn-based fuel. Click here to read full stories.

Jul 25 - North Dakota spring wheat prospects below average - tour 

Yield prospects for hard red spring wheat in the southern half of North Dakota are better than a year ago, when the state was hit by drought, but below average, scouts on an annual crop tour said Tuesday. North Dakota is the biggest U.S. producer of hard red spring wheat, a high-quality grain used to make artisanal breads, pizza dough and bagels. Spring wheat, representing about a quarter of total U.S. wheat output, is also blended with lesser grades of wheat to improve flour quality. Click here to read full stories.

Jul 25 - Argentina 2018-19 corn harvest may hit record 44 mln tns - experts 

Argentina's next corn crop could jump to a record 44 million tonnes, thanks to attractive prices and favorable weather forecasts, analysts told Reuters. Following last season's drought, a 2018-19 bumper crop would mark a strong rebound by Argentina's corn sector, buoyed after market-friendly President Mauricio Macri in 2015 revoked trade controls in 2015 that had hampered the industry. Two analysts told Reuters they expected yields to reach between 42 million and 44 million tonnes next season. Click here to read full stories.

Jul 25 - France's Avril raises biodiesel output on higher oil prices, demand 

Strong oil prices and a spike in demand has allowed Avril's biodiesel plants to run at full capacity since June but Argentine imports could force the European Union's largest biodiesel maker to return to part-time work, its CEO said on Tuesday. Europe's biodiesel industry has been struggling since the EU reduced duties on imports from Argentina last year after Buenos Aires mounted a successful challenge at the World Trade Organisation. Click here to read full stories.

Jul 25 - China-owned Syngenta plots growth in challenging home market 

A year on from Syngenta's $43 billion purchase by ChemChina, the seed and chemical giant is leveraging its new status as a Chinese company to grow its tiny share of the highly fragmented China market. The former Swiss firm is targeting growth through acquisitions in the $17 billion Chinese seed market, where access is restricted for foreign players, as well as new products and collaborations in technology. It hopes its edge in the world's second-biggest farm inputs market will help it catch bigger global rivals in seeds, Monsanto and DowDuPont in the wake of a round of consolidation in the agricultural products sector. Click here to read full stories.

Jul 25 - China 2018 beef imports will rise to 1.2 mln tonnes - Brazil's Minerva CEO 

China will import 1.2 million tonnes of beef this year, 23 percent more than in 2017, as demand for animal protein remains strong in Asia, an executive at Brazilian meatpacker Minerva SA said on Tuesday at an industry event. Fernando Galletti de Queiroz, chief executive of South America's largest beef exporter, said the growth of meat consumption in Asia is estimated at 57 percent this year. Demand is also strong in the Middle East, where meat consumption growth is estimated at 47 percent, the executive said. Click here to read full stories.

Jul 25 - NZ Dairy-Production Growth to Remain Subdued (BMI DJ)
BMI Research sees gains in New Zealand's dairy output staying muted due to uncertainties about regulatory changes pertaining to the excessive use of Palm Kernel Extract in feed, environmental issues and disease outbreak. The firm is predicting an average 2.2% increase in the next 3 years.

Jul 25 - US Pork, Poultry Prices Weakness Could Play on Global Markets (Dow Jones)
Falling US pork and poultry prices due to Chinese tariffs on the products will drag down US domestic beef prices "though it might be a 'clunky' process to get there," says Simon Quilty, an Australian meat industry analyst at MLX PTY. He notes a fall in US beef price will have a global impact as Australia and the US overlap in the majority of meat markets, while it could hit protein markets more broadly pushing down prices for New Zealand and Australian lamb. The Eastern Young Cattle Indicator, the benchmark for Australian beef prices, is currently trading up A$1.00 a metric ton at A$4.9775 a metric ton.

Jul 25 - Indonesia-Exposed Plantation Firms May Outperform (Dow Jones)
Data show divergent 2Q production patterns in Malaysia and Indonesia for palm oil. Output fell sequentially from March through May while there was a modest increase in April in Indonesia, followed by a May surge and predicted slight decline last month. UOB Kay Hian says the split between the world's 2-biggest producers could be due to El Nino. The broker says companies with Indonesian exposure such as Genting Plantations are likely to outperform peers.

Jul 25 - Asian Palm Oil May See Some Bargain-Hunting (Dow Jones)
Asian palm-oil prices may rebound this morning from 3-year lows from some bargain-hunting as US soybean prices were little changed Tuesday. That should provide some support for palm oil ahead of Malaysian export estimates later today.

Jul 24 - Asian Palm Oil Prices Close At Three-Year Low (Dow Jones)
Asian palm oil prices closed at a new three-year low as ongoing concerns about demand for the edible oil weighed on the market. The market will be watching for the release of the Malaysia palm oil export estimates due out Wednesday, while some focus will be on moves in soybean prices in Chicago overnight. The Bursa Malaysia benchmark palm oil contract is trading down 17 ringgit a ton at 2,152 ringgit ($530) a ton.

Jul 24 - Asian Palm Oil Prices Down Slightly as Demand Concerns Weigh (Dow Jones)
Asian palm oil prices were slightly lower in early trading as ongoing concerns about demand continue to be the key driver of the commodity. The next key event is the release of export estimates for Malaysian palm oil for the first 25 days of July. The Bursa Malaysia benchmark palm oil contract is currently trading down 8 ringgit a ton at MYR2,161 a ton.

Jul 24 - Russian grain prices spike amid global rally, quality risks 

Russian wheat export prices rose sharply last week as global benchmarks rallied and concerns about the quality of wheat crops intensified in several regions of Russia, analysts said on Monday. Chicago wheat futures hit a new six-week high on Monday on concerns that dry weather in Europe and the Black Sea region will cut production in some of the world's main exporting countries.  Click here to read full stories.

Jul 24 - Crop Watch: Better weather improves corn, soy conditions - Braun 

Weather was favorable across all Crop Watch 2018 fields last week with some rain showers and milder temperatures, and some of the corn and soybeans are already responding to the better growing conditions. The beneficially cool weather is expected to continue for the Corn Belt over the next couple of weeks. But the precipitation forecast is less certain and some areas may end up drier than normal, and this could be of particular concern for the soybeans. Click here to read full stories.

Jul 24 - Crop monitor cuts EU winter grain outlook again on dry weather 

The European Union's crop monitoring service, MARS, cut its forecast of EU 2018 winter crop yields again on Monday, citing exceptionally dry and hot weather in north and central Europe with little relief in sight. Mounting concern about the size of the European harvest, notably in Germany, combined with prospects of a lower crop in Russia, has sent global wheat prices rallying in recent days with Paris-based wheat futures hitting contract highs.  Click here to read full stories.

Jul 24 - Market still unclear about size of drought-hit German wheat crop 

The market is still uncertain about the size of Germany’s drought-damaged wheat crop as harvesting spreads northwards to areas which have suffered most from the dry weather, traders and analysts said on Monday. Germany is the European Union's second largest grain producer after France. Its crops wilted under the hottest spring weather since 1881 and unusually dry weather in June and July. Click here to read full stories.

Jul 24 - Brazil soybean planted area could grow 5 pct amid China-U.S. showdown 

The area planted with soybeans in Brazil for the 2018/2019 season could grow 3 to 5 percent depending on how the world's top soy exporter fares in a U.S.-China trade dispute, an executive at Corteva Agriscience said on Monday. Although prices on the main futures exchange in Chicago plummeted to near 10-year lows this month, the premiums paid for Brazilian soy are compensating for these declines, ensuring good profitability for producers and incentivizing planting which begins in September. Click here to read full stories.

Jul 24 - China's COFCO says Brazil needs more logistics investments 

Brazil could compete better in global agriculture markets if it increased infrastructure investment and diversified its transport network, an executive at COFCO International, the Chinese commodities trader, said on Monday. Eduardo Gradiz Filho, head of grains and oilseeds for COFCO in the country, said at an agribusiness conference that Brazil's port infrastructure is adequate but the country still relies too much on trucks to ship farm products, which is inefficient. Click here to read full stories.

Jul 24 - U.S. corn seen 71 pct good to excellent, soybeans 68 pct - poll

The U.S. Department of Agriculture was likely to cut crop condition ratings for U.S. corn and soybeans on Monday as isolated dry weather stressed some plants, according to a Reuters poll of analysts on Monday. The USDA in a weekly report due at 3 p.m. CDT (2000 GMT) was expected to rate the U.S. corn crop at 71 percent good to excellent, down 1 percentage point from a week ago, according to an average of estimates by 11 analysts. Click here to read full stories.

Jul 24 - Ukraine wheat harvest, exports to fall on drought - analyst 

UkrAgroConsult on Tuesday cut its forecast for Ukraine's 2018/19 crop year wheat harvest and exports due to a severe drought across the country during spring and the first half of summer. The agriculture consultancy reduced its wheat harvest forecast by 3.1 percent to 24.7 million tonnes, and exports to 15.5 million tonnes from 16 million tonnes forecast in June. Click here to read full stories.

Jul 24 - U.S. summer grilling tempers big meat supplies, trade headwinds 

Total U.S. pork and beef warehouse stocks unexpectedly declined last month versus May as seasonal grilling helped offset trade issues and abundant domestic meat output, analysts said after Monday's U.S. government cold storage data. The U.S. Department of Agriculture's monthly cold storage report showed total pork inventories for June at 560.0 million pounds, down nearly 64 million from May - the second largest-ever withdrawal for the month, analysts said. Click here to read full stories.

Jul 23 - China sorghum imports jump after Beijing dropped probe into U.S. shipments - customs 

China's sorghum imports in June surged 38.1 percent on year, boosted by a temporary easing of Sino-U.S. trade tensions, while corn imports for the month rose to one of highest levels in the past decade, customs data showed on Monday. China brought in 450,000 tonnes of sorghum in June, up from last year's 324,301 tonnes. Volumes were still down slightly from 470,000 tonnes in May, data from the General Administration of Customs showed.  Click here to read full stories.

Jul 23 - Funds may have briefly maxed out bearish corn, soy bets -Braun 

Speculators hold the most bearish-ever mid-July stance toward Chicago-traded grains and oilseeds, but in an unusual twist, this is almost entirely driven by corn and soybeans as commodity funds hold bullish views in winter wheat. The ongoing U.S. corn and soybean growing season usually has investors holding back a bit on selling in mid-July. It is also atypical for funds to be selling corn and beans as heavily at the same time they are buying wheat. Click here to read full stories.

Jul 23 - 'Hi, I'm a soybean': In trade war, China deploys cartoon legume to reach U.S. farmers 

In the tense trade war with the United States, China's government has turned to an unlikely weapon: a cartoon bean. "Hi, everybody. I am a soybean. I may not look like much, but I'm very important," says the animated character in a video posted on Friday on the website of China Global Television Network (CGTN), the overseas news network of state-owned China Central Television. Click here to read full stories.

Jul 23 - Australia's dry weather wilts Nufarm earnings, raises 2018 crop fears 

Agricultural chemical company Nufarm Ltd cut guidance for its fiscal 2018 underlying earnings on Monday after dry weather in Australia reduced demand for crop protection products, sending its shares down as much as 10 percent. Unseasonably dry weather across Australia, a large agricultural exporter, has hurt many of the country's rural firms, but Nufarm is the first to acknowledge production of this season's crops such as wheat could fall drastically. Click here to read full stories.

Jul 23 - As wheat harvest heads to parched north, Europe braces for more losses 

Europe's grain market is bracing for more downgrades to the size of this year's wheat crop as harvesting reaches the northern regions that have been worst hit by exceptional drought and heat since spring. Germany, the European Union's second-largest wheat grower, has been a focus of concern, and comments this week by the country's farming association saying it could not forecast the crop because of uncertainty about weather damage have added to market jitters.  Click here to read full stories.

Jul 23 - Chinese soybean crusher Sunrise files for bankruptcy as debts piled up 

Chinese soybean crusher Shandong Sunrise Group has filed for bankruptcy after failing to repay its debts, according to a court filing, highlighting the problems facing the sector as demand for animal feed declines and credit remains tight. The company registered the bankruptcy on Friday with a court in the county of Juxiang in Shandong province, according to a filing on a website run by China's Supreme Court. Shandong Sunrise did not answer calls for comment. Click here to read full stories.

Jul 23 - Liberia's biggest palm oil project quits eco-certification scheme 

Liberia's largest palm oil company, Golden Veroleum, has quit a global eco-certification scheme in response to accusations from a global watchdog that it failed to get consent from communities before expanding onto their lands, the firm said. The Roundtable on Sustainable Palm Oil (RSPO) a voluntary global certification body for the industry, ruled that the Singapore-controlled company violated its commitments. Click here to read full stories.

Jul 23 - Brazil grain startup seeks international strategic partner - CEO 

Grain trader Lotus Grains & Oilseeds wants to sell a minority stake to a strategic partner, a company executive said on Friday, as the Brazilian firm ramps up operations in one of the world's largest commoditiesproducing nations. Privately owned Lotus, a small "asset-light" firm which does not own any warehouses or port facilities, is more of a service provider seeking to grow in a niche market, founder and Chief Executive Thiago Piccinin said in a interview. Click here to read full stories.

Jul 23 - U.S. EPA wrongly denied biofuel waiver for W.Virginia refinery - court 

The U.S. Environmental Protection Agency must reconsider its denial of small West Virginia refinery Ergon's application for an exemption from U.S. biofuel laws after it relied on an "error-riddled" analysis, an appeals court ruled on Friday. The EPA relied on a recommendation from the Department of Energy that, among other things, failed to take into account that Ergon produced high levels of diesel that may not easily be blended and sold into the local market, according to the 4th U.S. Circuit Court of Appeals in Maryland. Click here to read full stories.

Jul 23 - South Africa's 2018 maize output seen up marginally on previous estimate - poll

South Africa's maize output is expected to rise slightly in 2018 than previously estimated on the back of late harvests from the central and western parts of the maize belt, a Reuters poll of four traders and market analysts showed on Friday. The government's Crop Estimates Committee (CEC), which will provide its sixth production forecast for the 2018 crop next Thursday, is seen by those polled as pegging the harvest at 13.305 million tonnes, up 0.7 percent from the 13.207 million tonnes it forecast in June. Click here to read full stories.

Jul 20 - Asian Palm Oil Prices End Little Changed (Dow Jones)
Asian palm oil prices ended little changed as slight strengthening in the Malaysian ringgit put some pressure on the commodity. Malaysia export estimates for the session showed palm oil exports were tracking slightly below June levels for the first 20 days of the month. The Bursa Malaysia benchmark palm oil contract closed up 1 ringgit a ton at 2,194 ringgit ($541) a ton.

Jul 20 - Bumper wheat harvest may ignite Argentina economy 

A record wheat harvest expected in Argentina this year could arrive just in time to jumpstart the ailing South American economy in the fourth quarter, after growth has been hit by low investment, high inflation and a soy crop devastated by drought. Farmers are rushing to plant wheat in the moist conditions left by rainstorms that helped destroy Argentina's recently-harvested soy bean crop. Click here to read full stories.

Jul 20 - France to the rescue as drought hits EU barley crop 

Drought has seriously damaged barley harvests in north Europe, potentially tightening supplies of animal feed and malt for beer brewing, but a decent crop in France could save the day, experts said on Thursday. "There are painful crop losses in Germany, Poland, Britain and Scandinavia," one German trader said. "The volume of animal feed barley will be cut and I think there could be an-EU shortage of about 500,000 tonnes of malting barley." Click here to read full stories.

Jul 20 - Greenergy acquires idle Amsterdam biodiesel plant 

UK-based fuels supplier Greenergy said on Thursday it has reached an agreement with Oiltanking to acquire an idle biodiesel plant in Amsterdam which it plans to convert to make the renewable fuel from waste oils. Greenergy already owns two biodiesel plants in the east of England which make biodiesel from waste products such as used cooking oil. Click here to read full stories.

Jul 20 - Bulgaria reports another case of ovine rinderpest 

Bulgaria reported on Thursday another case of the highly contagious Peste des Petits Ruminants (PPR) close to the border with Turkey. The virus, which can infect up to 90 percent of an animal heard but does not infect humans, was found in the small town of Bolyarovo, the Bulgarian food and safety agency said. Click here to read full stories.

Jul 20 - Near-Term Palm-Oil Demand Seen Remaining Weak (BMI Research)
BMI Research remains bearish on palm-oil prices as it sees demand being week in coming months. But it still expects the market to perk up next year, with futures averaging MYR2,450/ton. This ahead of fresh Malaysia export estimates out later today. The Bursa Malaysia benchmark palm-oil contract closed Thursday at MYR2,193.  

Jul 19 - Pulses import plunge in India to ripple across Canadian, Australian farms 

Pulses imports to India, the world's biggest buyer, may fall to their lowest in nearly two decades after the government raised import taxes and restricted overseas purchases to bolster prices, impacting the plans of its global suppliers. The reduction in imports illustrates the government's steps to raise the prices of pulses, like peas and lentils, to reduce the payouts to farmers under its food subsidy scheme. Click here to read full stories.

Jul 19 - Warm U.S. weather sows doubt over 180-bushel corn yield scenario - Braun 

Unusually good U.S. corn conditions and the quick pace of the crop have many traders and analysts baking heavy corn yields into their balance sheets, some as high as 180 bushels per acre, well above last year's record. If corn yield reaches a new high, it will be despite unfavorably warm weather during pollination and less-than-ideal rainfall patterns that some areas of the Corn Belt have experienced. Click here to read full stories.

Jul 19 - Egypt drops wheat supplier AOS, approves import of 120,000 T of wheat 

Egypt, one of the world's largest wheat buyers, has removed a top supplier from its list of approved sellers after multiple delays in the delivery of wheat cargoes. Egypt said in May that Dubai-based AOS had failed to deliver on two 60,000 tonne cargoes despite being offered extensions, and it later cancelled one of them. Click here to read full stories.

Jul 19 - Malaysia to implement B10 biodiesel programme by mid-2019 

Malaysia will implement a higher biodiesel mandate from the second half of 2019, raising the minimum bio-content local producers must put in biodiesel to 10 percent from the current 7 percent, in a move to support palm oil prices. The higher biodiesel blending mandate will soak up more supplies of palm oil, used as feedstock to make biodiesel, and reduce stockpiles in Malaysia, the world's second largest producer of the edible oil. Click here to read full stories.

Jul 19 - Biofuel groups ask U.S. government to slow small refinery waiver program 

Biofuel groups urged the U.S. Environmental Protection Agency on Wednesday to either stop granting exemptions from the nation's biofuel laws to smaller oil refineries or to force larger plants to make up the difference. The comments came during the first public hearing, held in Michigan, on the agency's proposed 2019 biofuel mandates under the U.S. Renewable Fuel Standard (RFS). Click here to read full stories.

Jul 19 - Palm oil from Indonesia's shrinking forests taints global brands - report 

Palm oil sourced from illegally cleared rainforest areas in Indonesia has flowed through traders to major consumer goods brands despite widespread commitments to cease purchases of non-sustainable oil, a new report says. Palm oil companies Royal Golden Eagle (RGE), Wilmar, Musim Mas Group and Golden Agri Resources sold oil from 21 "tainted" mills to more than a dozen global brands including Nestle and Unilever according to the report by Eyes on the Forest (EoF), a coalition of environmental NGOs including WWF-Indonesia. Click here to read full stories.

Jul 19 - Germany's winter barley crop hit by dry weather - farm lobby 

German farming association DBV cut its forecast on Wednesday for Germany's 2018 winter barley harvest to 7.3 million tonnes, after crops suffered from dry, hot weather. The association said it could not forecast Germany's 2018 wheat and rapeseed crops after damage due to dry weather but both would be significantly down on the year. Click here to read full stories.

Jul 19 - Brazil's center-south sugar output seen falling to 28 mln T 

Brazil's 2018/19 center-south sugar output is projected to fall to 28 million tonnes compared with a previous estimate of 31 million tonnes due to a drought and high ethanol production, consultancy Safras & Mercado said on Wednesday. Safras' estimate compares with sugar production of 36.4 million tonnes reported in 2017/18. The consultancy expects a total cane crush of 580 million tonnes versus 595 million tonnes last season. Ethanol output is seen at 27 billion liters compared with 25.35 billion liters in 2017/18. Click here to read full stories.

Jul 19 - Ukraine harvests 16.7 mln tonnes of grain so far - ministry 

Farmers in Ukraine have harvested around 16.7 million tonnes of grain from the 2018 harvest and the yield averaged 3.13 tonnes per hectare, the agriculture ministry said on Wednesday. Farmers have threshed 5.34 million hectares of early grains, out of a total area of 9.6 million hectares. Click here to read full stories.

Jul 19 - Asian Palm Oil Rises Modestly Despite Soy Drop (Dow Jones)
Asian palm oil prices are up moderately, though gains are likely to be capped by overnight weakness in US soybeans. Up are Malaysia export estimates due tomorrow. The Bursa Malaysia benchmark palm oil contract is 0.4% higher at MYR2,219/ton.

Jul 19 - China Cotton-Import Revival a 2019 Price Story (BMI Research)
The revival of Chinese import demand for cotton will be a main supporting factor for prices in 2019, says BMI Research, noting stockpiles there have eased considerably. "As a result, imports are starting to pick up and will support prices in coming quarters, in line with our long-held view that the return to China on the import market will herald a period of price gains." It expects prices to average 87 cents/pound in 2019; cotton currently trades at 88 cents.

Jul 19 - China Whole-Milk-Powder Import Forecasts to Drop (USDA DJ)
The USDA says China's whole-milk-powder imports for this year are expected to be down 17% from prior forecasts "as the pace of imports for the balance of this year are anticipated to slow." Still, there should be growth of 6% from 2017, the agency adds. China is the world's largest importer of whole-milk powder, not good for prices which have already been declining the past month on demand concerns. Prices are unchanged today.

Jul 18 - Trade war puts the hoof into U.S. pig part exports to China 

Before the U.S.-China trade war, American pig processors exported nine out of every 10 pigs' feet and heads they shipped overseas to China and Hong Kong - for prices higher than they would fetch anywhere else. Those parts and others that most Americans won't eat - hearts, tongues, stomachs, entrails - have a special place in Chinese culinary culture and, consequently, in the profit margins of U.S. pork exporters. Click here to read full stories.

Jul 18 - Brazil transport costs hurt fertilizer demand, soy area growth 

Higher transportation costs in Brazil following a truckers' strike that crippled the country's logistics will hurt fertilizer demand this year and may slow the growth in soy acreage in the next season, analysts said on Tuesday. Brazilian demand for fertilizer will fall this year for the first time since 2015 due to disruptions caused by the strike and increased transportation costs after the government agreed to set minimum freight prices in a deal to end the demonstrations, according to INTL FCStone analyst Fábio Rezende. Click here to read full stories.

Jul 18 - Australia's Bega Cheese to buy Saputo dairy plant for $184.5 mln 

Australia's Bega Cheese Ltd said on Wednesday it has agreed to buy a dairy processing facility at Koroit in Victoria state from Saputo Inc's local arm for A$250 million ($184.5 million). The deal comes four-and-a-half months after Canada's Saputo said it was discussing plans to sell the milk plant to address concerns from Australia's competition watchdog about its buyout of Murray Goulburn Co-operative. Click here to read full stories.

Jul 18 - Brazil's JBS suspends supplier after animal cruelty claims 

Brazil's JBS SA, the world's largest meat producer, said on Tuesday it had stopped using one of its suppliers after an animal rights group released a video showing alleged mistreatment of pigs. Animal rights group Mercy For Animals on Tuesday released video footage it said was shot in the United States showing workers beating piglets and ripping off their testicles without anesthesia, while female pigs were confined in very small metal cages. Reuters could not independently confirm the authenticity of the video. Click here to read full stories.

Jul 18 - China summer grain output down 2.2 pct to 138.72 mln tonnes - stats bureau 

China summer grain output fell 2.2 percent to 138.72 million tonnes in 2018, the National Bureau of Statistics said in a statement released on Wednesday. Summer grain acreage was at 267.03 million hectares in 2018, down 0.6 percent from last year, the bureau said. China's summer grain is mostly wheat, and also includes barley, buckwheat, potatoes and yellow peas, according to the statement. Click here to read full stories.

Jul 18 - Asian Palm-Oil Prices Climb With Soybeans (Dow Jones)
Asian palm-oil prices are up solidly this morning following overnight gains in soybeans. Soy oil is a substitute for palm, so the pair often trade together. However, moves higher are likely to be capped by ongoing concerns about growing supplies in Malaysia and Indonesia. The Bursa Malaysia benchmark palm-oil contract is up 0.9% at MYR2,191/ton.

Jul 18 - Dairy Prices Fall on Lower Butter Prices, Weaker Currencies (DJ ASB)
Dairy prices fell at the Global Dairy Trade auction led by a sharp decline in butter prices, says Westpac in note; "While fortnightly dairy auctions can be volatile, the subdued result overnight suggests genuine softness in demand for dairy commodities." It notes this is likely at least in part to reflect a weaker demand in China and about the potential impact of growing trade tensions. ASB Bank attributes the price dips to lower currencies in key dairy markets. "For example, the Chinese yuan is down over 5% against the USD over the 2-month period," it says. ASB expects the dairy market nervousness to continue in the short term, particularly as the trade tensions could escalate further. The Global Dairy Trade index is down 1.7%.

Jul 17 - Downgrade of Black Sea crop estimates lift Russian wheat export prices 

Russian wheat export prices rose last week after downgrades to forecasts for this year's grain crop in the Black Sea area, including Russia and Ukraine, analysts said on Monday. Wheat prices in Chicago, a benchmark for the global market, lost ground on Monday after a two-session rally which was sparked by lower production in key exporting countries in Europe and the Black Sea region. Click here to read full stories.

Jul 17 - Crop Watch: Rain needed to maintain good corn, soy yield hopes -Braun 

Most of the Crop Watch 2018 corn has come through or is nearly through pollination and the soybean plants are blooming and setting pods, though five of the eight producers report as of Sunday that rain is needed to maintain with confidence their optimistic crop views. These producers are in Iowa, Illinois, Indiana, Ohio, and Kansas, though the Kansas producer is the only one of the five with below-average expectations. Click here to read full stories.

Jul 17 - India's June palm oil imports plunge to 4-1/2 yr low - trade body 

India's palm oil imports in June plunged 41 percent from a year earlier to their lowest in nearly 4-1/2 years, a leading trade body said on Monday, as a higher import tax on the tropical oil made it more expensive. Lower imports by India, the world's biggest vegetable oil importer, could weigh on benchmark Malaysian palm oil futures that are currently trading near their lowest in three years. India imported 487,147 tonnes of palm oil in June, the lowest since February 2014, the Solvent Extractors' Association of India (SEA) said in a statement. Click here to read full stories.

 Jul 17 - Brazil's BRF hires three banks to advise on asset sales 

Brazilian food company BRF SA has hired three banks to sell assets in Argentina, Europe and Thailand, according to a Monday securities filing, as it presses on with a plan to raise 5 billion reais ($1.30 billion) to cut debt. BRF, one of the world's largest pork and poultry processors, last month announced a large restructuring that will entail the asset sales and adjustment of operations in 22 of its 35 Brazilian plants to match production to falling demand. Click here to read full stories.

Jul 17 - France, Germany call for stable EU farm budget post-Brexit 

France and Germany want the European Union's agriculture budget to be maintained at its current level once Britain leaves the bloc, the French and German farm ministers said on Monday. Rejecting a proposal from the European Commission for a reduction in the budget for the Common Agricultural Policy (CAP), the ministers said in a joint statement they would seek that "the budget allocated to the CAP be maintained at its current level for the 27 member states." Click here to read full stories.

Jul 17 - Italy in no rush to reject EU-Canada trade deal - farm minister 

Italy is in no hurry to bring the European Union's free trade agreement with Canada to a parliamentary vote, its farm minister said on Monday, suggesting its opposition to the deal may be easing. Ministers of the eurosceptic 5-Star/League government have said Italy would not ratify CETA (the Comprehensive Economic and Trade Agreement), threatening the EU's first major trade deal since an EU-South Korean accord launched in 2011. Click here to read full stories.

Jul 17 - Palm oil sustainability group reinstates Nestle membership 

Nestle's membership in the Roundtable on Sustainable Palm Oil (RSPO) has been reinstated three weeks after it was suspended, according to a joint statement issued by the company and the industry watchdog. "The RSPO today reinstated Nestle's membership following the submission of its time-bound action plan to achieve 100 percent RSPO certified sustainable palm oil by 2023," said the statement, adding that the Swiss food group's certificates and membership status will be reinstated effective Monday. Click here to read full stories.

Jul 17 - France kicks off campaign for next chief of U.N. food agency 

France on Monday nominated a former head of the European Food Safety Agency as its candidate for the next director of the U.N. Food and Agriculture Organisation (FAO), the international body coordinating efforts to fight hunger. French Agriculture Minister Stephane Travert announced the candidacy of civil servant Catherine Geslain-Laneelle, who led EFSA from 2006-13, at a meeting of European Union farm ministers in Brussels. Click here to read full stories.

Jul 17 - Asian Palm-Oil Prices Steady (Dow Jones)
Asian palm-oil prices are little changed but off recent lows after nearing near-3-year lows. Moves higher are liable to remain capped by softer export estimates and concerns about rising stockpiles in both Malaysia and Indonesia. The Bursa Malaysia benchmark palm-oil contract is up 0.1% at MYR2,175/ton.

Jul 16 - Funds stick to bearish corn, soy views over weather, trade - Braun 

Speculators hold record bearish views toward Chicago-traded corn and soybeans for mid-July, as expectations for big U.S. yields and the U.S.-China trade war are just about the only two things in focus at the moment. In the week ended July 10, hedge funds and other money managers extended their net short position in CBOT corn futures and options to 104,376 contracts from 70,810 in the previous week, according to data from the U.S. Commodity Futures Trading Commission. Click here to read full stories.

Jul 16 - Brazil soy area to hit record next season - Safras & Mercado 

Brazilian farmers will expand the area planted with soybeans to a record next season, agricultural consultancy Safras & Mercado predicted on Friday, with strong demand from China boosting the outlook for the coming crop. The area will likely grow by 2.3 percent to a record-high 36 million hectares (88.9 million acres), the consultancy said, referring to the season that kicks off in September. Click here to read full stories.

Jul 16 - NOPA June U.S. soy crush seen at 159.637 mln bushels -survey 

U.S. soybean crushings in June were likely the largest on record for the month as soy plants took advantage of highly profitable margins for processing the oilseed into meal and oil, analysts said ahead of a monthly National Oilseed Processors Association (NOPA) report. NOPA members, which handle about 95 percent of all soybeans processed in the United States, likely crushed 159.637 million bushels of soybeans last month, up 15.6 percent from the 138.074 million bushels crushed June 2017, according to an average of nine estimates gathered by Reuters. Click here to read full stories.

Jul 16 - EU wheat harvest shrinks as weather takes toll 

Severe weather that has brought drought to northern Europe and storms to France is increasingly likely to shave millions of tonnes off this year's EU wheat harvest, adding to a picture of tightening global supply of the cereal. As summer harvesting gathers pace in Europe, the U.S. Department of Agriculture on Thursday became the latest forecaster to lower its outlook for EU wheat production, as part of a downgrade to world supply that triggered a price rally.  Click here to read full stories.

Jul 16 - China gives first import permits for French beef firms 

China has granted the first beef import permits to two French slaughterhouses and two storage sites, ending a 17-year embargo, the French Foreign Ministry said on Friday. France signed a health and safety agreement last month with Beijing, opening the way for effective access to China's beef market. Paris, which secured last year the lifting of the embargo dating from Europe's mad cow disease crisis two decades ago, has been eager for exports to begin, which could bring relief to cattle farmers struggling with low prices. Click here to read full stories. 

Jul 16 - Palm oil's leading industry analysts' price forecast 

Malaysia benchmark palm oil prices hit their lowest in nearly three years on Friday, as sentiment remains bearish over weak demand and jitters over the Sino-U.S. trade spat. Palm oil fell as much as 1.2 percent to 2,159 ringgit in the second half of trade, its lowest levels since 21 September 2015. It is down 4.5 percent for the week so far, its sharpest weekly drop in seven months. Click here to read full stories.

Jul 16 - Asian Palm Oil Prices Under Pressure (Dow Jones)
Asian palm-oil prices remain under pressure on persistently poor fundamentals, particularly high production in Indonesia and growing inventories, says OCBC. That as the bank also notes India's demand is projected to contract this year. Today's trading will be driven by 1H July exports estimates for Malaysia. Benchmark palm oil futures there on Friday finished just off 3-year lows.

Jul 16 - Australian Wool Prices Taper Ahead of Auction Holiday (Dow Jones)
Australian wool prices tapered off slightly last week ahead of a three week break in wool auctions. Farmer group Australian Wool Innovation says that almost 80,000 bales of wool has been sold in the past few weeks and "this has alleviated to some degree the pressure on access to supply for time being for overseas manufacturers." However, it notes that global stocks of wool particularly merino remain low. The Australian Wool Exchange Eastern Market Indicator fell by A$0.13/kg to A$19.81/kg.

Jul 13 - China's June soy imports jump ahead of tariffs on U.S. shipments

China's soybean imports in June jumped 13.1 percent from a year ago as buyers scooped up Brazilian supplies to avoid potentially higher costs on U.S. soybeans that are subject to Beijing's tariffs, customs data showed on Friday. China, the world's top soybean buyer, brought in 8.7 million tonnes of soybeans last month, up from 7.687 million tonnes a year ago, according to data from the General Administration of Customs. Click here to read full stories.

Jul 13 - Record-tight wheat supply in top exporters may be a U.S. win -Braun

"Ample world supplies" has recently been the wheat bears’ favorite catchphrase, but they may want to take a closer look at the new projections published Thursday by the U.S. Department of Agriculture. The data suggests that wheat stocks-to-use, a measure of both supply and demand, will fall to record-low levels by mid-2019 across the top exporting countries. Click here to read full stories.

Jul 13 - Drought-hit Argentine corn crop may keep shrinking, strain global supplies 

The estimate for Argentina's drought-hit corn crop may be cut further from the 32 million tonnes currently expected to be harvested this season, the Buenos Aires Grains Exchange and the country's main farmers group said on Thursday. A reduced Argentine crop would squeeze global supplies of the feed grain to levels not seen in at least four years. The U.S. Department of Agriculture on Thursday lowered its global end-of-season corn stocks projection for this season to the lowest since 2014, while its 2019 ending stocks outlook was cut to a six year low. Click here to read full stories.

Jul 13 - USDA forecasts record U.S. soy stockpile as trade war roils exports

U.S. soybean supplies were forecast to rise to the highest ever as a trade war with China, the world's largest buyer of the oilseed, will cut into exports, the U.S. Agriculture Department said on Thursday. USDA, in its monthly supply and demand report, pegged soybean ending stocks for the 2018/19 crop year at 580 million bushels, up from its estimate of 385 million bushels issued a month ago before China imposed tariffs on imports of U.S. soybeans. Click here to read full stories.

Jul 13 - Beef, eggs, animal feed fatten Cargill's profits 

Strong global demand for beef and animal feed fattened grain trader Cargill Inc's profits in fiscal year 2018, which were also boosted by trade tensions and South American weather woes, the company said on Thursday. For the full year, adjusted operating earnings reached $3.2 billion, up 6 percent from fiscal 2017. Company officials said that was the highest ever, excluding earnings from Cargill's investment in fertilizer producer the Mosaic Company, which it exited in fiscal 2011. Click here to read full stories.

Jul 13 - Strategie Grains cuts EU wheat crop outlook on French and German woes 

Consultancy Strategie Grains has made a heavy reduction to its forecast for this year's soft wheat harvest in the European Union, factoring in weather-hit yields in the bloc's top two producers France and Germany. In a report on Thursday Strategie Grains reduced its estimate of EU 2018 soft wheat production to 132.4 million tonnes from 139.9 million forecast a month ago, now 7 percent lower than last year's crop of 141.8 million. Click here to read full stories.

Jul 13 - Saudi Arabia issues tender to buy 595,000 tonnes of wheat 

Saudi Arabia's main state wheat buying agency, the Saudi Grains Organization (SAGO), said on Thursday it has issued an international tender to purchase 595,000 tonnes of hard wheat. The tender deadline is Friday. The wheat, with 12.5 percent protein content, is sought from global suppliers for arrival in Saudi Arabia in September and October, it said. Click here to read full stories.

Jul 13 - Droughts set to cause late damage to EU rapeseed crop 

Droughts, frosts and other unfavourable conditions are expected to cause late damage to the European Union's rapeseed harvest, cutting output in leading producers Germany, France and Poland, experts said on Thursday. The market was now expecting the overall EU 2018 crop to bring in around or less than 20 million tonnes, down from 22.1 million tonnes last year, a German trader said. Click here to read full stories.

Jul 12 - China cuts soybean import forecast for next crop year as trade war to curb demand 

China on Thursday cut its forecast for soybean imports for the 2018/19 crop year, warning that higher prices due to Beijing's trade war with Washington will curb demand as farmers switch to alternative ingredients for their animal feed. Imports of soybeans in the crop year that starts on Oct. 1 will be 93.85 million tonnes, down 1.8 million tonnes, or 2 percent, from last month's estimate, the Ministry of Agriculture and Rural Affairs said in its monthly crop report. Click here to read full stories.

Jul 12 - Russia's IKAR cuts its forecast for Russia's 2018 grain crop 

IKAR, one of the leading agriculture consultancies in Moscow, said on Wednesday it had downgraded its forecast for Russia's 2018 grain crop to 112.8 million tonnes from a previously expected 114.7 million tonnes. Its forecast for Russia's 2018/19 grain exports was cut to 41.0 million tonnes from 43.2 million tonnes. Click here to read full stories.

Jul 12 - Philippine food agency to propose extra 500,000 T of rice imports 

The Philippines' food security agency on Thursday said it would seek approval to import an extra 500,000 tonnes of rice this year to ensure healthy supply and stable prices in the local market. The cargoes should arrive in the country in December, the National Food Authority (NFA) said. The Philippines is one of the world's biggest buyers of rice and usually imports from its Southeast Asian neighbours Vietnam and Thailand. Fresh demand could underpin rice export prices in those countries, which have fallen amid increasing supply. Click here to read full stories.

Jul 12 - EPA scraps detailed plan to force U.S. refiners to blend more biofuels 

The U.S. Environmental Protection Agency ditched a detailed plan that would have forced refiners to blend more biofuels into their gasoline and diesel in 2019 to compensate for volumes likely to be exempted under the agency's small refinery hardship waiver program, according to newly released EPA documents. The plan would have boosted the renewable fuel blending obligation for the refining industry to 11.76 percent from 10.88 percent to offset volumes lost under the waiver program, which has been expanded sharply under President Donald Trump's EPA, and keep overall blended volumes on target. Click here to read full stories.

Jul 12 - Brazil's lower house approves decree setting minimum freight prices 

Brazil's lower house of Congress on Wednesday approved a decree setting minimum prices for truck freight, a measure fiercely opposed by farm and industrial lobbies which said it would raise shipping prices. Brazilian President Michel Temer issued the decree as one of several measures proposed by the government to end an 11-day truck driver protest in May that blocked Brazil's roads and ground shipment of goods to a halt. Click here to read full stories.

Jul 12 - French farm office sees bigger wheat stocks, good early harvest quality 

France had bigger wheat stocks than expected at the end of the 2017/18 season after farmers released more crop than previously thought, farm office FranceAgriMer said on Wednesday. In supply and demand estimates for cereal crops in the European Union's largest producer, FranceAgriMer pegged soft wheat stocks at the end of the 2017/18 crop year on June 30 at 3.0 million tonnes, up sharply from 2.6 million projected last month. Click here to read full stories.

Jul 12 - New Zealand's a2 Milk says revenue jumps nearly 70 pct, but flags higher costs 

New Zealand's a2 Milk Company on Thursday said its annual revenue had jumped nearly 70 percent, but flagged higher costs in the year ahead as it ramps up its business in the dairy-hungry markets of China. The firm, one of New Zealand's largest by market capitalisation, said in a statement to the local stock exchange that its fiscal 2018 unaudited group revenue had grown about 68 percent to around NZ$922 million ($623 million). Click here to read full stories.

Jul 12 - Indonesia says scrapping plans to bring back soybean import tax 

Indonesia's trade minister said the country is scrapping plans to bring back an import tax on soybeans, ahead of a meeting to persuade U.S. officials to keep the Southeast Asian nation on a list of countries that receive preferential trade terms. Indonesia, which buys most of its soybeans from the United States to churn out foods such as tofu and local dish tempe, removed the import tax in 2013 to quell rising food inflation. Click here to read full stories.

Jul 12 - Indonesia seeking more Black Sea region wheat

Indonesian importers are inquiring about purchasing about 90,000 tonnes of Black Sea origin milling wheat likely to be sourced from Russia and Ukraine, European traders said on Wednesday. The wheat with 11.5 percent protein content was for nearby shipment. Click here to read full stories.

Jul 11 - Global trade war to be a boon for Black Sea grain 

Trade conflict between the United States and China could further boost already booming grain and oilseed exports from the Black Sea region, traders and analysts said. New opportunities to sell wheat, corn and soybeans to China and even the European Union are set to open up for the region's main exporters Russia, Ukraine and Kazakhstan, whose recent ascendancy has already ended full U.S. dominance in markets such as Nigeria and Mexico. Click here to read full stories.

Jul 11 - USDA to stop giving media early access to crop data under embargo 

The U.S. Department of Agriculture will stop giving crop data under embargo to media starting next month in an attempt to make the release of market-moving information more fair, officials said on Tuesday. The change means news organizations will gain access to reports on global grain supplies and demand at the same time as the general public. Click here to read full stories.

Jul 11 - COFCO says China can replace U.S. soy imports with alternatives - state media  

China can increase soybean imports from other countries to reduce reliance on buying from the United States, the president of state grains trader COFCO said in an interview with the Communist Party's official People's Daily paper on Wednesday. Yu Xubo said in the interview that China can increase soybean imports from South American countries amid an escalating trade dispute with the United States that has seen the world's two biggest economies impose new import tariffs on each other's goods. Click here to read full stories.

Jul 11 - Funds ease corn, soy selling but remain unseasonably bearish -Braun 

Commodity funds slowed their selling rate of Chicago-traded corn and soybeans last week, but the negative attitude largely remains as U.S. crop prospects are positive and mutual tariffs between the United States and China have taken effect. This comes after speculators spent the month of June selling corn and soybeans at a record pace as the U.S.-China trade dispute escalated, threatening U.S. agricultural exports. Click here to read full stories.

Jul 11 - China's soymeal futures rise as U.S. warns of more tariffs on Chinese goods 

China's soymeal futures rose nearly 1 percent on Wednesday after the United States warned it will slap tariffs on an extra $200 billion worth of Chinese imports. The most active soymeal futures traded on Dalian Commodity Exchange, for delivery in September, rose 0.97 percent to 3,114 yuan ($467.32) per tonne. Click here to read full stories.

Jul 11 - U.S. judge allows lawsuits over Monsanto's Roundup to proceed to trial 

Hundreds of lawsuits against Monsanto Co by cancer survivors or families of those who died can proceed to trial, a federal judge ruled on Tuesday, finding there was sufficient evidence for a jury to hear the cases that blame the company's glyphosate-containing weed-killer for the disease. The decision by U.S. District Judge Vince Chhabria in San Francisco followed years of litigation and weeks of hearings about the controversial science surrounding the safety of the chemical glyphosate, the key ingredient in Monsanto's top-selling weed-killer. Click here to read full stories.

Jul 11 - France sees small drop in soft wheat crop; durum, rapeseed worse hit 

French soft wheat production should fall only slightly this year as the country's main field crop is expected to have suffered less from adverse weather than rapeseed or durum, the farm ministry said on Tuesday. In its first estimate of 2018 soft wheat production, the ministry pegged the crop at 36.1 million tonnes, down by around 1 percent from 36.6 million in 2017 but about 1 percent above the average of the past five years. Click here to read full stories.

Jul 11 - India's rice exports set to ease as govt raises buying price 

India's rice exports are set to ease from October as the world's biggest shipper of the grain boosts guaranteed prices that farmers receive for much of their crop, making new season cargoes expensive compared to supply from rival growers. Lower exports would mean that India loses market share in key Asian and African markets, traders and industry sources said, with exports from countries such as Thailand, Vietnam and Myanmar likely to fill any gaps. Click here to read full stories.

Jul 11 - Asian Palm Oil Hits 2-Year Low as Supplies Build (Dow Jones)
Malaysian palm-oil prices hit 2-year lows as concerns about waning demand and rising supplies in both Malaysia and Indonesia weigh. Furthermore, ongoing weakness in US soy-oil prices due to escalating trade tensions with China is adding to the pressure. The Bursa Malaysia benchmark contract is down 1.4% at MYR2,228/ton.

Jul 11 - Palm Oil May Benefit From US-China Trade Row (CIMB Research)
Palm oil may indirectly benefit from the US-China trade fight, says CIMB Research. As China put a 25% levy earlier this month on US soybeans and related products, demand there could weaken from the higher cost and send buyers to palm oil. Data yesterday showed Malaysian stockpiles rose a higher-than-expected 1% in June on soft exports. That's not good for prices short-term as production is nearing its seasonal high.

Jul 10 - China's chickens need to lay a billion eggs a day. Here's how they're going to do it 

Behind a row of sealed red incubator doors in a new facility in northern China, about 400,000 chicks are hatched every day, part of the rapidly modernising supply chain in China's $37 billion egg industry, the world's biggest. As China overhauls production of everything from pork to milk and vegetables, farmers raising hens for eggs are also shifting from backyards to factory farms, where modern standardised processes are expected to raise quality and safety.  Click here to read full stories.

Jul 10 - Trump's trade war splits a Missouri county into winners and losers

People don’t talk about trade tariffs in this stretch of the Mississippi River basin, where grains and metals have paid the bills for generations. They skirt the subject at church fundraisers and sidestep it at Jerry’s Café and Quick Stop, where farmers and aluminum workers gossip about everything else. Click here to read full stories.

Jul 10 - Crop Watch: Corn pollination results positive so far - Braun 

Half of the Crop Watch 2018 corn is either pollinating or wrapping up the pollination phase, with mostly favorable results. The moisture situation is largely sufficient for now, though warm and dry weather is now in focus for many of the producers as the grain fill period begins. The Nebraska corn is expected to begin pollination this week, and the Minnesota and North Dakota fields have yet to enter that stage. Collectively, the producers are hopeful for above average corn yields and very slightly above average soybean yields given the current progress. Click here to read full stories.

Jul 10 - Concerns over dry weather keep Russian wheat export prices flat

Russian wheat export prices were stable last week due to concerns over dry weather, analysts said on Monday. Black Sea prices for the new crop of Russian wheat were at $200 a tonne on a free on board (FOB) basis at the end of last week, unchanged from a week earlier, the IKAR agriculture consultancy said in a note. Click here to read full stories.

Jul 10 - China to reopen market to German poultry exports

China has agreed to reopen its market to imports of German poultry meat, German agriculture minister Julia Kloeckner said on Monday. China had stopped imports of German poultry meat after an outbreak of the bird flu disease in Germany. Click here to read full stories.

Jul 10 - Chinese grains trader COFCO names Lu Jun new chairman

Major Chinese grains trader COFCO Corp said on Monday it had named Lu Jun, former chairman of Sinograin, the group which manages state grain reserves, as its new chairman, replacing Zhao Shuanglian who has retired. Lu Jun previously served as deputy president at state-owned COFCO, before moving to Sinograin in 2013, according to COFCO's website. Click here to read full stories.

Jul 10 - Russia’s SovEcon cuts forecast for 2018 grain crop

SovEcon agriculture consultancy has cut its forecast for Russia’s 2018 grain crop to 113.9 million tonnes from the previously expected 118.6 million tonnes because of dry weather, it said on Monday. The forecast for the 2018 wheat crop was cut to 69.6 million tonnes from 72.5 million tonnes. The barley forecast was cut to 16.9 million tonnes from 17.8 million tonnes. Click here to read full stories.

Jul 10 - Major Chinese pig farmer caught flouting rules on manure treatment

Two farms operated by China's fourth-biggest pig producer Jiangxi Zhengbang Technology were found to be illegally dumping manure and allowing noxious sewage to seep into farmland, the Ministry of Ecology and Environment said. It was a rare rebuke of one of the country's rapidly growing farming companies, and comes as China sustains a years-long effort to tackle its notorious pollution problem that includes frequently calling out companies that have failed to comply with regulations. Click here to read full stories.

Jul 09 - Go ship, Go! China roots for last U.S. soybean cargo to land before tariffs kick in

It is not often that the niche world of commodities trading enters the public conversation, but on Friday China's social media was rooting for a ship carrying soybeans from the United States to beat the deadline before Chinese tariffs kicked in. Tracking the journey of the vessel, Peak Pegasus, as it motored towards the northern Chinese port of Dalian was the 34th-highest trending topic on the country's Twitter-like Weibo on Friday, beating out the World Cup, showbiz gossip and Beijing's escalating trade war with Washington. Click here to read full stories.

Jul 09 - South Russian grain yields at risk from lack of rain - SovEcon consultancy 

Parts of southern Russia are in urgent need of rain in the next couple of weeks to prevent a potentially damaging drop in spring grain yields, agriculture consultancy SovEcon said in a note. Russia is the world's largest wheat exporter. In spring it experienced drier-than-usual weather in its grain-growing southern regions, which produce mainly for exports via the Black and Azov seas. Click here to read full stories.

Jul 09 - The fallout in commodities from the U.S.-China trade war: what's at stake

Washington imposed tariffs on $34 billion of Chinese imports on Friday and Beijing has said it will retaliate with punitive measures on U.S. products worth a similar amount, including soybeans, pork and cotton. The Chinese government had not officially confirmed on Friday afternoon that the retaliatory tariffs had taken effect. Click here to read full stories.

Jul 09 - French wheat harvest underway as market weighs weather toll

French farmers have started harvesting this year's wheat crop early after a recent heatwave, as traders await a clearer picture of weather damage in the European Union's biggest grain producer. A steep cut by consultancy Strategie Grains to its French soft wheat production forecast a week ago, attributed to heavy rain this year, has rattled the market, adding to concern about parched northern European grain belts.  Click here to read full stories.

Jul 09 - Saudi Arabia to buy up to 700,000 tonnes of wheat per year from local farmers

Saudi Arabia's state grain buyer, the Saudi Grains Organization (SAGO), said on Sunday that it had approved the purchase of a maximum of 700,000 tonnes of wheat annually from local farmers for five years. Saudi Arabia has become a major importer of hard and soft wheat since abandoning plans for self-sufficiency in 2008 because farming in the desert drained precious water supplies. Click here to read full stories.

Jul 09 - U.S. biofuels industry, advocates see hope in Pruitt's successor

Corn farmers and biofuels producers cheered the resignation of U.S. Environmental Protection Agency chief Scott Pruitt in the hope that his successor may give them more access and fewer threats to reducing domestic requirements. Pruitt led U.S. President Donald Trump's aggressive efforts to roll back environmental protections. He drew the ire of farmers and antagonized their powerful lobby in Washington when he relaxed enforcement of a mandate to include biofuels such as ethanol - made from grains - in the country's gasoline and diesel supply. Biofuels are an important source of demand for corn. Click here to read full stories.

Jul 09 - Egypt says spoiled Russian wheat cargo belongs to private company

Egypt's supply ministry said on Sunday that a cargo of 45,000 tonnes of spoiled Russian wheat that was seized by the authorities last week belongs to a private sector company. Security forces in the northern city of Alexandria seized the cargo on July 1, which was infested with worms and insects and had been released from port months ago, state daily newspaper Al-Akhbar reported at the time. Click here to read full stories.

Jul 09 - Receivers seek buyers for Australian retailer Harvey Norman's dairy farm

A dairy farm part-owned by Australia's biggest electronics chain Harvey Norman Holdings Ltd has been put on the market three years after it bought into it, the real estate agency running the intended sale said on Monday. The agency, Elders Real Estate, said it was calling for expressions of interest for Coomboona Dairies, which has 2,500 cows and produces more than 30 million litres of milk a year. They did not name a price. Click here to read full stories.

Jul 06 - Soybeans, Corn Rise As Chinese Tariffs Take Effect (Dow Jones) 

Soybean futures are rising as China's retaliatory tariffs on $34B in US goods, including soybeans, go into effect. Analysts say that the trade issues have been a long time coming, so the soybean market is not reacting very strongly to today's implementation of the tariffs. Corn futures are also rising, and Summit Commodity Brokerage's Tomm Pfitzenmaier said that the US corn belt is going into a drier period, which could be good for some regions. "But traders will be watching to see how long the dry period lasts," Pfitzenmaier said. CBOT July soybean contracts are up 1.9% to $8.51 1/4 a bushel, while July corn futures are up 0.7% and July wheat futures are down 0.5%.

Jul 06 - China Cancels More Soybean Orders from US (Dow Jones)
China canceled purchases of 366,000 metric tons of US soybeans for 2017-18, according to USDA's weekly export sales data for last week. The cancellations came ahead of China and the US enacting tariffs on $34B of each other's goods today, including Chinese tariffs on US soybeans. The week before, China canceled purchases of 120,000 metric tons of US soybeans for the 2017-18 year, which analysts said suggests that China plans to bypass the US in the global market in light of trade tensions between the two countries. CBOT July soybean contracts are up slightly to $8.38 a bushel after closing yesterday at $8.35 1/2.

Jul 06 - Soybean Exports Lead Surge in US Shipments Abroad (Dow Jones)
US soybean exports rose by nearly $2B in May from April, accounting for almost half of the total increase in exports during the month, the Commerce Department said Friday. The big increase helped push exports of foods, feeds and beverages, and overall goods exports to record highs. Meanwhile, petroleum exports rose to the highest level since December 2013, in part reflecting rising oil prices. Exports to Mexico were the highest on record in May.

Jul 06 - Asian Palm Oil Falls Again on Demand Concerns (Dow Jones)
Asian palm-oil prices fell Friday as concerns about demand for the edible oil remain key to the market. Focus is on Malaysia data next week to see whether supplies are building and China has increased purchases of palm oil ahead of tariffs on US soybeans. The Bursa Malaysia benchmark palm-oil contract closed down 0.9% at MYR2,264/ton.

Jul 06 - Brazil may import soybeans due to U.S.-China trade spat - export group

Brazil, the world's largest soybean exporter, may have to import the oilseed from the United States this year to satisfy demand from local processors, an executive of exporters association Anec said on Thursday. If China's demand for Brazilian soy rises due to a trade war with the United States, local processors may have to resort to importing 500,000 to 1 million tonnes from the United States, Luis Barbieri told an event in Sao Paulo. China has announced 25 percent tariffs on a range of U.S. products scheduled to take effect from July 6. Click here to read full stories.

Jul 06 - Early silking for U.S. corn does not assure smooth sailing - Braun

Despite the slow start to planting, the U.S. corn crop has entered July in one of its most mature states ever for this time of year. The rapid development by itself does not necessarily dictate yield outcomes, but it highlights the importance of weather over the next couple of months. As of July 1, some 17 percent of U.S. corn was in the silking stage, according to data from the U.S. Department of Agriculture’s statistics service. Click here to read full stories.

Jul 06 - Brazil June beef exports at 15-year low as bans, logistical worries weigh

A truckers' strike in May that crippled traffic on Brazil's main roads and trade bans on the country's beef caused exports in June to fall to their lowest level for the month in 15 years, consultancy INTL FCStone said on Thursday. Citing data from the government, the consultancy also said Brazilian exports in June had their worst monthly performance since January 2011. Click here to read full stories.

Jul 06 - Informa Economics raises U.S. 2018 corn, soy yield forecasts

Private analytics firm Informa Economics revised upward its forecast for the U.S. 2018 corn yield to 176.0 bushels per acre (bpa), from 174.5 bpa previously, and raised its U.S. soybean yield forecast to 49.8 bpa from 49.5 bpa, the firm said on Thursday in a client note seen by Reuters. Informa projected U.S. 2018 corn production at 14.392 billion bushels and soybean production at 4.425 billion bushels. Click here to read full stories.

Jul 05 - Brazil judge orders Monsanto to deposit royalties related to GMO seed 

A Brazilian judge has ordered local units of Monsanto Co to deposit royalties related to a GMO soy seed technology in an escrow account, in a decision likely to hinder the U.S. seed company's ability to collect royalties from the business. The ruling on Tuesday relates to a patent dispute between Brazilian soy growers in the state of Mato Grosso and Monsanto, which was recently acquired by Germany's Bayer AG in a 63 billion-euro deal.  Click here to read full stories.

Jul 05 - Brazil corn export projection to fall below 30 mln tonnes - Anec

Brazilian grain exporters association Anec is likely to lower its projection for this year's corn exports, currently at 30 million tonnes, due to uncertainty related to freight costs, an executive said on Wednesday. Though new projections are not finalized, Brazilian corn exports may be revised down to around 28 million tonnes, Lucas Trindade, Anec executive, said during a telephone interview. Click here to read full stories.

Jul 05 - India hikes crop prices as Modi woos farmers ahead of election 

India on Wednesday raised the government-mandated price for summer-sown crops such as rice and cotton by the most since Prime Minister Narendra Modi came to power in 2014, as he looks to woomillions of poor farmers ahead of a general election next year. The country announces support prices for more than a dozen crops each year to set a benchmark. But analysts say the median hike this year was 25 percent compared with 3-4 percent in the last three years, which could hit government finances and stoke inflation. Click here to read full stories.

Jul 05 - Malaysia palm oil stockpiles seen falling to nine-month low in June

Malaysia's palm oil inventories are forecast to have dropped to a nine-month low in June as production in the world's second largest producer fell faster than exports, according to a Reuters survey. Low stockpiles could support benchmark palm oil prices which slid 4 percent in June as weak demand pummeled futures to a nearly two-year low.  Click here to read full stories.

Jul 05 - Egypt's cotton exports up nearly 37 pct as crop quality improves

Egyptian cotton production is on course to rebound with help from a devalued currency and bigger cultivation area, recovering from a slide in exports of the world-famous crop since 2011 that was caused by a drop in quality. Cotton exports are expected to reach about 52,000 tonnes in the 2017/2018 season that ends in August, up nearly 37 percent from the previous year, Nabil al-Santaricy, head of the Alexandria Cotton Exporters Association, told Reuters. Click here to read full stories.

Jul 05 - Brazil's BRF seeks to refinance bank debt - paper

BRF SA, the world's largest poultry exporter, is in talks to refinance bank debts, opening a new front in a sweeping turnaround plan, a Brazilian newspaper reported on Wednesday. New Chief Executive Pedro Parente has already sat down with representatives of Banco do Brasil SA, Banco Bradesco SA and Itaú Unibanco Holding SA, in a bid to lengthen the maturity of debts, newspaper Estado de S. Paulo reported, without specifying how it obtained the information. Click here to read full stories.

Jul 05 - Russia's agriculture ministry ups forecast for 2018/19 grain exports - Interfax

Russia's agriculture ministry has increased its forecast for Russia's 2018/19 grain exports to 40-45 million tonnes from a previously expected 35-40 million tonnes, Interfax news agency reported on Wednesday, citing the minister, Dmitry Patrushev. The ministry is keeping its forecast for Russia's 2018 grain crop unchanged at 100 million tonnes, it added. Click here to read full stories.

Jul 05 - Asian Palm Oil Prices Tad up Likely on Bargain Hunting (Dow Jones)
Asian palm oil prices have risen slightly likely due to some bargain hunting. Futures contracts have declined the past few days on expectations that June palm oil exports fell for the third straight month. Data will be released earlier next week, and if this does occur it will solidify expectations that palm oil demand is going to remain soft for at least 3Q18. The Bursa Malaysia benchmark palm oil contract is currently trading up 9 ringgit a ton atMYR2,307 a ton.

Jul 04 - Nestle, Hershey at odds with farmers over U.S. GMO labeling 

The world's top food companies and farmers of crops such as beet sugar are pitted against each other as they lobby the U.S. government over plans to label genetically engineered ingredients. At the heart of the issue is transparency over ingredients used in food. Packaged foods makers are facing flagging consumer trust and stagnating demand for some core products as consumers opt for foods with simpler ingredient lists. Click here to read full stories.

Jul 04 - Chinese pork to pay high price for U.S. trade spat- OECD/FAO 

Chinese consumers could face significantly higher pork prices in the medium term after Beijing slapped more import tariffs on U.S. agricultural products in its trade dispute with Washington, the OECD and FAO said on Tuesday. China said last month it would impose an extra 25 percent import duty on more than 500 U.S. goods, including soybeans, on July 6. This was in response to Washington's plan to put duties on $50 billion of Chinese goods as the trade dispute between the world's top two economies escalated.  Click here to read full stories.

Jul 04 - CME pulls plug on illiquid EU wheat futures 

CME Group has closed its European Union wheat futures and options contracts after liquidity dried up in the derivatives which were launched in 2016 in a challenge to Euronext. In a market notice late on Monday, CME said it was delisting the EU wheat futures and options with immediate effect, noting zero open interest for all listed contract months. Click here to read full stories.

Jul 04 - Bayer sees Brazil as key growth driver for global crop division 

Bayer AG's crop science unit will lead revenue gains in Brazil this year and next as the South American country becomes the company's main driver of growth and its second biggest market, the global head of the crop science division said on Tuesday. Unit head Liam Condon, speaking to a gathering of journalists in São Paulo, said that after Bayer completes its integration of Monsanto Co following the recent closing of the acquisition, the combined entity will have revenue of about 15 billion reais ($3.9 billion) in Brazil. Click here to read full stories.

Jul 04 - Brazil's meat, sugar exports tumble in June, soy up - trade ministry 

Exports of Brazilian meats and raw sugar in June were down sharply from a year earlier, while shipments of soybeans and green coffee rose, Trade Ministry data showed on Tuesday. Exports of sugar fell almost 1 million tonnes from June 2017 as mills held back sales with prices hovering near multi-year lows. Cane processors are also ramping up ethanol production to take advantage of a favorable price gap compared to gasoline in the domestic market. Click here to read full stories.

Jul 04 - Global dairy prices slump due to bigger supply 

Global dairy prices fell at the biggest pace this year at a fortnightly auction held early on Wednesday, as strong supply muted what buyers were willing to pay for key products. The GDT Price Index dropped 5 percent, with an average selling price of $3,232 per tonne, in the auction held in the early hours of the morning, after slipping 1.2 percent at the previous sale. Click here to read full stories.

Jul 03 - ADM to buy French animal nutrition business Neovia for $1.8 bln 

Archer Daniels Midland Company (ADM) is in exclusive talks to take over French animal feed business Neovia for 1.5 billion euros ($1.8 billion) as part of the U.S. farm giant's strategy to expand in the fast-growing animal nutrition sector. Neovia is majority owned by French cooperative group InVivo. Investment group Eurazeo also has a 17 percent stake. Click here to read full stories.

Jul 03 - IGC cuts 2018/19 global wheat, corn crop forecasts

The International Grains Council (IGC) on Monday cut its forecasts for 2018/19 global grains production as adverse weather dented prospects in Russia and the European Union. The IGC, in a monthly report, put total grains production in 2018/19 at a three-year low of 2.077 billion tonnes, down 12 million from its previous projection issued in late May. Click here to read full stories.

Jul 03 - U.S. corn seen 76 pct good to excellent, soybeans 72 pct - poll

The U.S. Department of Agriculture is likely to lower its weekly condition ratings for the U.S. corn and soybean crops following a hot week in the Midwest crop belt and excessive rains in a few areas, according to a survey of analysts. The USDA is expected to rate 76 percent of the U.S. corn crop in good to excellent condition, down from 77 percent a week ago, according to an average of estimates by 10 analysts surveyed by Reuters on Monday. Click here to read full stories.

Jul 03 - Crop Watch: Wetness, winds ruin some Nebraska fields - Braun

The Crop Watch corn and soybean fields currently have plenty of moisture – with the exception of Kansas - but the wet soils have caused serious issues in Nebraska, prompting the producer to sharply lower condition scores. Otherwise, conditions remained relatively stable on the week in other Crop Watch locations, though producers are now eyeing pollination weather for corn. Click here to read full stories.

Jul 03 - Most CME ag block trades occur in nearby contracts -U.S. CFTC 

During the first three months in which the CME Group allowed privately negotiated "block trades" in agricultural futures and options, 75 percent of those trades occurred in highly liquid nearby contracts, the U.S. Commodity Futures Trading Commission said in a report on Monday. That trend runs contrary to grain industry expectations for block trades, which the CME Group Inc, parent of the Chicago Board of Trade and the Chicago Mercantile Exchange, began allowing in markets such as corn and wheat in January. Click here to read full stories.

Jul 03 - Rain blamed for shock French wheat crop downgrade 

Heavy rain in winter and late spring may have caused more damage to French wheat crops than expected, analyst firm Strategie Grains said, after a huge cut to its forecast for France's harvest fuelled a rally in international prices. The firm stunned grain markets on Friday when it cut its French soft wheat production estimate by more than 4 million tonnes to 33.2 million in an update to clients.  Click here to read full stories.

Jul 03 - Brazil harvests record soybean crop as Goias yield adjusted, says consultancy 

Brazilian soybean farmers will harvest a record crop this season, consultancy INTL FCStone said on Monday, raising the forecast by 217,000 tonnes after revising expected yields in Goiás state, the country's fourth largest producer. INTL FCStone said Brazil, the world's biggest soybean exporter, will collect 117.36 million tonnes of the beans this season after the revision. Click here to read full stories.

Jul 03 - Malaysia Palm Oil in Tight Range; Eyes on Output (Dow Jones) 

Malaysia palm-oil prices are little changed as the commodity continues to trade in a tight range after last week's bounce on reports of lower June production amid the end of Ramadan. Looming is next week's data from the Malaysia Palm Oil Board. Bursa Malaysia's benchmark palm-oil futures are down 0.1% at MYR2,327/ton.

Jul 03 - Thai Rice Export Prices Fall on Vietnamese Competition (Dow Jones)
Export rice prices from Thailand, one of the world's largest exporters, fell 6% to 7% in the week ended June 25 due to increased competition from Vietnam, according the U.S. Department of Agriculture. Thai rice prices are now at their lowest level since December 2017. Furthermore, a weakening in the Thai baht against the US dollar is also putting pressure on the commodity, with export sales being priced in US dollars.

Jul 02 - Egyptian authorities seize 45,000 tonnes of spoiled Russian wheat - newspaper 

Egyptian authorities have seized 45,000 tonnes of spoiled Russian wheat near the northern city of Alexandria, state daily newspaper Al-Akhbar reported on Sunday.Security forces in Alexandria seized the cargo, which was infested with worms and insects and was released from port months ago, the newspaper reported. Click here to read full stories.

Jul 02 - Funds sell off corn, soy unusually early in U.S. crop cycle -Braun 

Speculators spent the month of June selling Chicago-traded futures and options, specifically corn and soybeans, as if record U.S. crops were already in the bag. But the trade dispute between the United States and China, the world’s largest soybean buyer, has driven market uncertainty. It was confirmed in mid-June that both parties would enforce tariffs against one another beginning July 6, and nothing suggests these moves will be reversed or postponed. Click here to read full stories.

Jul 02 - USDA supply/demand forecast could factor in Mexico, China tariffs 

The U.S. Department of Agriculture will factor in China and Mexico’s tariffs against American farm products in its global supply and demand crop report next month, if these tariffs do take effect, USDA Chief Economist Rob Johansson told Reuters in an interview on Friday. The USDA crop report forecasts will assume that these tariffs, if implemented in the coming days against a slew of agricultural products, “are going to hold for the rest of the year,” Johansson said. Click here to read full stories.

Jul 02 - Recent rains to mitigate crop stress from U.S. Corn Belt heat wave 

Hotter-than-normal temperatures will persist in the U.S. Midwest through the first week of July but any stress to developing corn and soybean crops should be mitigated by plentiful soil moisture from recent showers, agricultural meteorologists said Friday. The United States is the world's biggest producer and exporter of corn. The crop is highly sensitive to stressful heat and dryness as it enters pollination, its key reproductive phase, in July. Click here to read full stories.

Jul 02 - Brazil's BRF announces restructuring, selling Europe, Argentina assets 

Brazil's BRF SA, one of the world's largest pork and poultry processors, announced a large restructuring plan on Friday that includes selling operations in Europe, Argentina and Thailand to cut debt. In a securities filing and a conference call with investors and analysts, the company said it will adjust operations in 22 of its 35 plants to match production to smaller demand. It plans to raise 5 billion reais with asset sales and securitization of receivables. Click here to read full stories.

Jul 02 - Canadian canola area narrows, wheat sowings expand from last year 

Canadian farmers planted less canola and more wheat compared with last year, but they shifted their plans from earlier this spring to sow more land with canola. Canola plantings reached 22.7 million acres, shy of last year's 23 million, but exceeding the average trade guess of 22.4 million acres. In spring, Statscan estimated that farmers intended to plant 21.4 million. Click here to read full stories.

Jun 29 - Record-high U.S. June hog herd faces pork demand uncertainty

The hog population on U.S. farms in the March-May quarter was up 3.4 percent year-on-year, a record high for the quarter, according to the U.S. Department of Agriculture quarterly hog/pig report on Thursday. Farmers grew their herds, bolstered by record numbers of baby pigs, to feed four new packing plants that came online since late 2017, said analysts. Click here to read full stories.

Jun 29 - Trade biases for Friday’s acreage, stocks data from USDA -Braun

The U.S. Department of Agriculture is set to publish its annual June acreage report as well as quarterly grain stocks on Friday. Market analysts have been much better at predicting soy plantings than those for corn, but stocks are more of a mixed bag. These reports have historically produced substantial single-day moves in Chicago-traded futures, often of 3 percent or greater. Click here to read full stories.

Jun 29 - Bad Argentine crop weather cuts soy yields to lowest since 2009 

Argentine soy yields and harvesting area have been chopped by drought to their lowest levels since the 2008/09 season, analysts said on Thursday, citing the effect of a four-month dry spell that suddenly gave way to floods in April. Average yields for the soon to be concluded 2017/18 harvest were expected at 2.14 tonnes per hectare while the harvesting area was seen at 16.8 million hectares, the Buenos Aires Grains Exchange said in its weekly crop report. Click here to read full stories.

Jun 29 - Agritel sees Ukraine wheat crop falling to 24.7 mln tonnes

Ukraine is expected to harvest 24.72 million tonnes of wheat in 2018, down 5 percent from 26.15 million tonnes last year, as dry conditions in the southeast of the country curbs yields, consultancy Agritel said on Thursday. Other forecasters have also been anticipating a weather-reduced crop in Ukraine. Like Russia, where wheat production is expected to fall even more sharply this year, Ukraine is a major grain exporter via the Black Sea. Click here to read full stories.

Jun 29 - Saudi Arabia kick starts sale of state flour mills

Saudi Arabia on Thursday kicked off the sale of its flour mills, one of the first privatisations of the kingdom and a litmus test for other large state asset sales to follow. Saudi's state grain buyer SAGO said it would start accepting applications for qualification of potential interested investors on Aug. 26. The kingdom will also make an announcement regarding the timeline for the qualification process on the same day, SAGO said in a statement. Click here to read full stories.

Jun 29 - U.S. Senate passes farm bill without big food stamp changes

The U.S. Senate on Thursday passed a sweeping farm bill without the food stamps changes approved by the House of Representatives earlier this month. The Senate approved the bipartisan measure by an 86-11 vote. The House bill passed with only Republican votes. Click here to read full stories.

Jun 29 - Brazil mills hedge 60 pct of 2018/19 crop sugar -consultancy

Brazilian mills hedged 60.6 percent of the 2018/19 season's exportable sugar by the end of May, according to a projection by Sao Paulo-based Archer Consulting released on Thursday. The consultancy said that this year's hedging is lagging behind last season and also the crop before that, since mills have been waiting for better sugar prices in New York to sell raw sugar future contracts. Archer said the average hedging price was 14.13 cents per pound. Click here to read full stories.

Jun 29 - Asian Palm-Oil Prices Continue Slow Rise (Dow Jones)
Asian palm oil prices rise slightly further, supported by expectations that demand for the edible oil will pick up in China if tariffs are levied on US imports of soyoil next week. Focus now will turn to the release of Malaysian export estimates for June early next week. The benchmark Bursa Malaysia palm-oil contract is up 0.1% at MYR2,346/ton.

Jun 28 - Extended Eid holiday break disrupts Southeast Asia palm oil harvest, mills

Palm oil output in the world's two-biggest producers may decline amid disruptions in the fruit harvesting process because of a backlog of farmers trying to sell fruit to Indonesian mills and as Malaysian planters struggle with a post-holiday labour shortage. Indonesian smallholder palm farmers have overwhelmed mills as they rush to sell fruit following a longer-than-usual break for the Eid-al-Fitr public holiday, which celebrates the end of the Muslim fasting month of Ramadan, causing a drop in fresh fruit bunch (FFB) prices, said planters and grower associations. Click here to read full stories.

Jun 28 - China to lift ban on imports of UK beef - Hammond

China has agreed to lift a ban on imports of British beef that was imposed over a BSE crisis in the 1990s, finance minister Philip Hammond said on Wednesday. "Delighted that I have agreed with Chinese Vice Premier Hu Chunhua that China will lift the BSE ban on British beef. This is great news for British farmers," he said on Twitter. Click here to read full stories.

Jun 28 - Egypt local wheat harvest ends with sharply lower figure

Egypt announced the end of its wheat harvest on Wednesday with a total of 3.15 million tonnes of the grain procured from local farmers, Supply Minister Ali Moselhy said in a statement, one of the lowest tallies in years for the world's largest importer. Egypt had said previously it was looking to purchase 3.5 to 4 million tonnes of local wheat, a critical staple it uses to supply a sprawling bread subsidy programme relied on by tens of millions of Egyptians. Click here to read full stories.

Jun 28 - South Africa's 2018 maize harvest up 2 percent from previous estimate 

South Africa's maize harvest is expected to be 13.207 million tonnes this year, higher than previous estimates, due to improved weather conditions, the government's Crop Estimates Committee (CEC) said on Wednesday. The CEC's latest estimate is 2 percent higher compared with the 12.91 million tonnes it forecast in May.  Click here to read full stories.

Jun 28 - Iraq to plant 70,000 date palms to revive once legendary crop

Iraq is to plant 70,000 date palms south of Baghdad, hoping to revive production of a crop it was famed for across the Middle East. The country once produced three-quarters of the world's dates but now accounts for just 5 percent after it switched its economic focus to oil and after decades of conflict devastated its farms. Click here to read full stories.

Jun 28 - Iraq to allow some rice planting after earlier ban

Iraq will allow farmers to plant no more than 12,500 square kilometres (4,826 sq miles) of rice this season, the government said on Wednesday, in an apparent partial reversal of an earlier water conservation policy. Earlier in June, the government said it was banning farmers from planting rice and other water-intensive crops in the face of increasing water shortages and diminishing river flows because of drought. Click here to read full stories.

Jun 27 - U.S. EPA proposes higher 2019 biofuels mandate in line with expectations 

The U.S. Environmental Protection Agency on Tuesday proposed setting a blending mandate of 19.88 billion gallons for 2019 under the Renewable Fuel Standard (RFS), 3 percent higher from this year's and in line with expectations. The agency also said it is considering a number of measures to bring some transparency to the compliance credit market and decided against forcing large refiners to blend extra volumes to compensate for the hardship waiver exemptions for small refineries. Click here to read full stories.

Jun 27 - U.S. agriculture secretary says farmers understand China trade fight

Most U.S. farmers understand President Donald Trump's trade row with China is necessary to get the biggest buyer of U.S. agriculture commodities to change its behavior, Agriculture Secretary Sonny Perdue said on Tuesday. Perdue visited agricultural hub Chicago after commodity prices fell sharply this month on escalated tariff threats from Beijing and Washington. Click here to read full stories.

Jun 27 - China’s axe of Asian feed tariffs cosmetic, but worth noting: Braun

Beijing handed the soybean market another reminder on Tuesday that China is serious about reducing dependence on U.S. imports, but the move is weak and is likely to be brushed aside by industry participants. On July 1, China will drop tariffs on soybeans, soymeal, soybean cake, rapeseed, and fishmeal originating from Bangladesh, India, Laos, South Korea and Sri Lanka. Tariff cuts had already been planned since March, but the topic was highlighted Tuesday by China’s Ministry of Finance just days ahead of the change. Click here to read full stories.

Jun 27 - China reports highly pathogenic H5N1 bird flu at chicken farm - OIE

China reported an outbreak of highly pathogenic H5N1 bird flu at a farm in Qinghai province, the Paris-based World Organisation for Animal Health (OIE) said on Tuesday, citing a report from the Chinese agriculture ministry. The virus killed 1,050 broiler chickens out of a flock of 1,615 at a farm in the Haixi Mongolian and Tibetan autonomous prefecture. Click here to read full stories.

Jun 27 - Danone's Morocco dairy firm loses 50 percent of milk market - CEO

France's Danone will never quit Morocco despite its local dairy firm Centrale Danone having lost more than 50 percent of its market share in fresh milk due to a consumer boycott, Danone's chief executive said on Tuesday. Unknown activists launched a consumer boycott campaign on April 20 against major suppliers of milk, bottled water and petrol in Morocco, protesting against high prices. Click here to read full stories.

Jun 26 - Agroconsult cuts Brazil 2nd corn crop forecast to 55.2 mln tonnes 

Consultancy Agroconsult lowered its forecast for Brazil's so-called second corn crop to 55.2 million tonnes on Monday but left its export projection unchanged after a survey of fields in four states affected by planting delays and a drought. Agroconsult had estimated last month that the second crop, which farmers are currently harvesting, would total 57 million tonnes. Click here to read full stories. 

Jun 26 - Beef import deal with China whets French appetite

France moved closer on Monday to exporting beef to China by clinching a health and safety accord with Beijing, raising the prospect of sales to a booming Chinese market just as U.S. beef shipments are threatened with tariffs. France has been pushing for effective access to China's beef market after securing last year the lifting of an embargo that dated back to the mad cow disease crisis in Europe two decades ago. Click here to read full stories. 

Jun 26 - Syria to import 1.5 mln tonnes wheat - minister 

Syria is planning to import around 1.5 million tonnes of mostly Russian wheat this year, as local wheat procurement is expected at around half a million tonnes, the country's internal trade minister said. Imports will mostly be Russian but Syria is also looking to buy Romanian and Bulgarian wheat, Abdullah al-Gharbi told Reuters. Click here to read full stories. 

Jun 26 - Crop Watch: Abundant U.S. Midwest rains worse for west than east -Braun

The Crop Watch 2018 corn and soybean fields remained in good condition as of Sunday, though excessive moisture has caused some issues in the Upper Midwest. Most of the Crop Watch fields received at least double the normal amount of rainfall last week, except North Dakota, which was dry until Sunday night. This was more of an issue in the Minnesota and Nebraska fields than in those fields farther east. Click here to read full stories. 

Jun 26 - China's high-quality wheat acreage rises to 30 pct this year - ministry 

China's summer grains acreage was expected to be at 408 million mu (27.2 million hectares), slightly down from last year, the country's Ministry of Agriculture and Rural Affairs said in a statement on Tuesday. Wheat yield was down after rains during planting and low temperature in early April hit the crops, the ministry said. Click here to read full stories. 

Jun 26 - Strike against Macri paralyzes Argentina; banks and grain affected 

A strike called by Argentina's largest trade union federation in protest over President Mauricio Macri's market-friendly economic policies brought the country to a standstill on Monday, freezing grains exports and halting banking and public transit. The CGT umbrella labor union demanded wage hikes to keep up with inflation rates running at more than 25 percent annually. The group has slammed Macri's deal with the International Monetary Fund, arguing that austerity measures linked to the agreement would harm workers. Click here to read full stories. 

Jun 26 - Brazil prosecutors charge JBS shareholder Batista with corruption 

Brazilian federal prosecutors on Monday charged JBS SA shareholder Joesley Batista, another senior executive of the meatpacking company and a former federal prosecutor with corruption. The charges against Batista, former executive Francisco Assis and former federal prosecutor Marcello Miller were filed before a federal court in Brasilia, prosecutors said in a statement.  Click here to read full stories. 

Jun 25 - China May sorghum imports jump, despite anti-dumping probe - customs

China's imports of sorghum in May rose 59 percent year on year to 470,000 tonnes, customs data showed on Saturday, despite an anti-dumping move by Beijing a month earlier that had roiled the grains trade. The surprisingly large number came even after China announced in mid-April that importers of sorghum from the United States would have to put up a 178.6 percent deposit on the value of shipments.  Click here to read full stories.

Jun 25 - Funds wipe out bullish bets in CBOT corn, soy, wheat -Braun 

Speculators eliminated bullish bets in Chicago-traded corn, soybeans and wheat last week over trade concerns between the United States and China, but the selling was much lighter than the market expected. In the week ended June 19, hedge funds and other money managers flipped to a net short position in CBOT corn futures and options of 14,038 contracts from the previous week’s net long of 36,216 contracts, according to data from the U.S. Commodity Futures Trading Commission.  Click here to read full stories.

Jun 25 - Brazil grain buyers out of market for 3 weeks - trade 

Grain handlers have stopped buying Brazilian corn and soy from local farmers for more than three weeks as concerns over rising freight costs have frozen the market for two of the country's main commodities, traders told Reuters on Friday. Brazil has recently finished harvesting its 2018 soybeans and is now collecting its second corn crop in earnest. Click here to read full stories.

Jun 25 - EPA to propose 19.88 bln gallon biofuels mandate, up 3 pct - sources

The U.S. Environmental Protection Agency will propose setting a 19.88-billion-gallon biofuels blending mandate in 2019 under the Renewable Fuel Standard (RFS), up about 3 percent from 2018, according to two sources briefed on the matter. The proposal will include 15 billion gallons for conventional biofuels like corn-based ethanol, unchanged from this year, and 4.88 billion gallons for advanced biofuels, up from 4.29 billion from this year, the sources said, asking not to be named. Click here to read full stories.

Jun 25 - German farmers see big crop losses due to warm weather - paper 

German farmers could lose around half their harvests - and in some cases all of them - due to unusually warm temperatures and dryness seen in May, the head of the German Farmers' Association said in an interview published on Sunday. Dry summer weather has caused damage to wheat crops in European Baltic Sea countries and experts say Germany’s 2018 wheat crop will likely drop 6.5 percent to 22.89 million tonnes after dryness stress.  Click here to read full stories.

Jun 25 - Showers soak much of U.S. Corn Belt; more storms next week 

Rains soaked portions of the U.S. Corn Belt this week, swamping fields in South Dakota, Minnesota and Iowa, and more storms are expected early next week ahead of a warm-up, meteorologists said Friday. The wet and warm outlook is generally favorable for U.S. corn and soybean crops overall, forecasters said, despite areas of flooding. Click here to read full stories.

 

Jun 22 - Double whammy: U.S. pork, fruit producers brace for second wave of Chinese tariffs

U.S. producers of pork, already saddled with duties enacted in an earlier round of the escalating trade dispute with China, are bracing for further pain after Beijing hit the products with additional tariffs due to come into effect next month. China implemented a 25 percent duty on most U.S. pork items on April 2, and a 15 percent tariff on a range of fruits and nuts, in response to U.S. tariffs on Chinese steel and aluminum products.  Click here to read full stories.

Jun 22 - Harsh weather to knock Russian wheat crop below 68 mln T - Agritel

Wheat production in Russia is expected to drop to 67.4 million tonnes this year, down 21.5 percent from 2017's record harvest after adverse weather affected both winter and spring crops, French consultancy Agritel said on Thursday. Other forecasters have been scaling back their expectations for the wheat harvest in Russia, the world's biggest exporter of the cereal, due to weather concerns, contributing to a run-up in international prices last month.  Click here to read full stories.

Jun 22 - Brazil logistical woes threaten China’s record soybean stocks - Braun

Soybean supply at Chinese ports has hit a record high this month, a possible sign that crushers purposely loaded up on the Brazilian product in fear that soured U.S.-China trade relations would ultimately make beans harder to obtain. For the soybean market, the conflict came to a head late last week as Beijing slapped a 25 percent tariff on U.S. soybeans into China that will take effect on July 6. Click here to read full stories.

Jun 22 - Brazil chicken exports slump as EU bans weigh - trade group

Brazilian chicken exports fell sharply in the five months through May as the world's largest exporter was hit by trade embargoes by the European Union and a decline in sales to countries such as Saudi Arabia and Russia, trade group ABPA said on Thursday. The volume of exported chicken in the period was 1.6 million tonnes, down 8.5 percent from 1.75 million in the same months of 2017. ABPA said export revenue fell 12.3 percent to $2.6 billion as a result of the fall in sales. Click here to read full stories.

Jun 22 - Syria's Assad gets food lifeline from Crimea

Crimea has stepped up grain exports to Syria over the past year in an arrangement that gives the Black Sea peninsula an outlet for its surplus crops and ensures President Bashar al-Assad has a reliable source of wheat. Shipments started picking up in the middle of last year and at least 10 ships took a minimum of 170,000 tonnes of grain to Syria between July 2017 and May 2018, according to port and ship tracking data seen by Reuters and confirmed by shipping sources. Click here to read full stories.

Jun 22 - Brazil's BRF in talks to sell some Minerva shares - paper

Brazilian food processor BRF SA is negotiating a block sale of some of its shares in smaller beef company Minerva SA, newspaper Valor Econômico said on Thursday. According to the latest figures provided in Minerva's website, BRF owns an 11.62 percent stake in Minerva, Brazil's fourth-largest listed meat company by sales. A sale would cut its ownership to around 7 percent, Valor said, citing three people with knowledge of the matter. Click here to read full stories.

Jun 22 - South Korean corn buying spurred by low futures prices

South Korean corn purchases have reached just over 1.6 million tonnes in June after Korea's Feed Leaders Committee (FLC) bought about 66,000 tonnes, European traders said. The Korea Corn Processing Industry Association (KOCOPIA) also purchased about 60,000 tonnes on Thursday. Click here to read full stories.

Jun 21 - Asian Palm-Oil Prices Edge Higher (Dow Jones)
Asian palm-oil prices are up slightly as the market continues to consolidate around recent lows. It will also keep watching for any signs of improvement in export demand. But the growing possibility of an El Nino emerging in 2H may provide some support. The Bursa Malaysia benchmark palm-oil contract is up 0.2% at MYR2,265/ton.

Jun 21 - India ships more cotton to China as 25 pct tax spoils U.S. supply

India's cotton shipments to China could grow five-fold to 5 million bales (850,000 tonnes) in the next crop year as exporters rack up orders amid a trade war that is forcing the world's top consumer to look for other sources of supply. The United States, the world's biggest exporter of the fibre, has cornered the bulk of Chinese imports for at least a decade. But China's decision to impose a 25 percent import tax from July 6 on American farm commodities, including on cotton, in retaliation for tariffs enacted by the administration of U.S. President Donald Trump will allow India to grab a bigger share of the Chinese market. Click here to read full stories.

Jun 21 - Wheat petite: China's wheat output set to drop sharply in wake of bad weather

China's wheat output could drop as much as 20 percent this crop year after bad weather hit fields in major growing areas, likely boosting imports by the world's top producer and consumer of the grain, traders and an analyst said. Increased Chinese demand for wheat cargoes could pile more upward pressure on international prices for the commodity, which have already soared nearly 15 percent since early April on worries over tight global supplies. Click here to read full stories.

Jun 21 - Trade woes shrink U.S. pork packer margins to 3-year low

Margins for some of the biggest U.S. pork processors have lately slipped to their lowest level in three years, dragged down by surging hog prices and mounting worries over trade with China and Mexico, analysts and economists said. They said packers, including Tyson Foods Inc and Smithfield Foods Inc, might stem declining margins by paying farmers less for hogs while raising wholesale pork prices. Click here to read full stories.

Jun 20 - Slovak farmers drive tractors to capital to protest against subsidy fraud

Farmers drove dozens of tractors from central and eastern Slovakia to Bratislava on Wednesday to protest against agricultural subsidy fraud, brought into the spotlight by a murdered reporter in his last story. The farmers said the government and the ruling leftist Smer party, in power for most of the past decade, have for years overlooked a system that enabled politically connected people to claim subsidies on land they did not own nor had any other title to. Click here to read full stories.

Jun 20 - China trade war could permanently scar U.S. soybean market -Braun

As the trade fight between the United States and China escalates, many agriculture market participants have taken comfort in the idea that China cannot fulfill its soybean needs without importing massive quantities of the U.S. product. But that situation only holds in the short term. Yes, as the world’s top buyer, China needs U.S. soybeans today, in a few months, and likely even next year. However, it is not unreasonable for China eventually to wane itself off American beans in the longer term, which could have detrimental and irreversible effects on U.S. markets.

Jun 20 - Ukraine sees no major fall in wheat yield in 2018 despite drought

Ukraine's agriculture ministry sees no significant decrease in the wheat yield in 2018 despite a severe drought across many regions, the ministry said on Tuesday. "Taking into account ... spring moisture reserves, which had a positive effect on the beginning of the harvesting campaign, serious reductions in grain yields are not expected," it said in a statement.

Jun 20 - Kazakhstan switches area from wheat to soy as climate shifts

Kazakhstan is seeking to switch some acreage from wheat to oilseeds including soybeans as well as pulses, Gulmira Isaeva, the vice-minister of agriculture, said on Tuesday. Isaeva told the International Grains Council's annual conference that Kazakhstan's climate was becoming wetter which was shifting its research focus which had previously been centred on drought resistance.

Jun 20 - U.S. grain, livestock prices tumble on China trade war fears

U.S. crop and livestock prices tumbled on Tuesday, with soybean futures hitting lows not seen in nearly a decade, as U.S. President Donald Trump threatened more tariffs on $200 billion of Chinese goods, stoking fears the trade battle between the two economic giants would have a wider impact on the global economy. Chicago Board of Trade soybeans fell as much as 6 percent and wheat slumped more than 4 percent. Corn, cotton and ethanol futures notched life-of-contract lows.

Jun 20 - Global dairy prices fall for second time in a row due to greater supply

Global dairy prices fell for the second time in a row at a fortnightly auction held early on Wednesday as stronger supply muted what buyers were willing to pay for key products. The GDT Price Index dipped 1.2 percent, with an average selling price of $3,481 per tonne, in the auction held in the early hours of the morning, after slipping 1.3 percent off nine-month highs at the previous sale.

Jun 20 - Dreaming of farming empire, Kazakhs seek management tips from Genghis Khan

Kazakhstan is taking management lessons from warrior-emperor Genghis Khan as it seeks to conquer neighbouring countries' food markets, Deputy Agriculture Minister Arman Yevniyev said on Tuesday. The Central Asian nation, whose territory was once part of the Mongol Empire, wants to more than double exports of foodstuffs and other processes agricultural products over the next five years, Yevniyev told a government meeting.