Chicago | Reuters — U.S. soybean futures fell on Friday, with the nearby contract touching its lowest level in more than 10 weeks, under pressure from hefty global supplies, while […] Read more
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Oilseeds
U.S. grains: Hefty supply pushes soy to 10-week low
Monarch population rebounds, still well off highs
Austin, Tex. | Reuters — North America’s monarch butterflies are on a rebound and the number of the plucky orange and black creatures, which gather in Mexico before flying north […] Read more
Gavilon names former ADM exec as CEO in management reshuffle
Reuters — Gavilon LLC has hired a former executive from rival Archer Daniels Midland to take the helm following a big reshuffle at Gavilon, a major U.S. grain merchant, in […] Read more
U.S. grains: Futures fall as USDA forecasts more corn acres
Chicago | Reuters — U.S. corn and soybean prices fell on Thursday as commodity traders reacted to forecasts of increased corn plantings and grain production, as well as predictions of […] Read more
PotashCorp to curb two Sask. mines’ production
Reuters — PotashCorp said Thursday that it will curtail production at two Saskatchewan potash mines for four weeks, as excessive supplies pressure prices. The company said it would curtail output […] Read more
BASF to cut half the jobs in plant biotech unit
Leverkusen, Germany | Reuters –– BASF, the world’s largest chemicals group by sales, will cut half of the 700 jobs at its plant biotechnology business, slashing some early development projects […] Read more
Blackleg, big stocks seen behind China-Canada canola conflict
Reuters — A “scientific disagreement” between Canada and China over the risk of transmitting the blackleg fungus is behind China’s move to raise its standard for Canadian canola imports, an […] Read more
Transport review urges scrapping railway grain revenue cap
Winnipeg | Reuters — Ottawa should phase out over seven years its cap on the amount of revenue railways can earn transporting grain, a study for the Canadian government recommended […] Read more
China tightens dockage rules on Canadian canola
Reuters — The Canadian government confirmed Wednesday that China has toughened its standard for canola shipments, an action that traders say may discourage sales to the country. China, Canada’s top […] Read more
Cargill joint venture to build grain terminal in Ukraine
Kiev | Reuters — U.S. agriculture giant Cargill and Ukraine’s MV Cargo said they would build and operate a grain terminal at Ukraine’s Black Sea port of Yuzhny under a […] Read more