Grains, Seeds, Vegoils & Meals

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.