More ships carrying grain were diverted from the Suez Canal to routes around the Cape of Good Hope this week as attacks on shipping in the Red Sea continued, analysts said on Friday.
More grain ships divert from Red Sea as attacks continue
Millions of tons of grain cargo have avoided the area since December, analysts say
Total US cattle herd drops to lowest level since 1951 – USDA
Easing dryness could encourage ranchers to begin rebuilding beef herds
Chicago | Reuters - The total number of U.S. cattle fell to its lowest level since 1951 as of Jan. 1, in the herd's fifth consecutive year of decline, U.S. Department of Agriculture data showed on Wednesday.
U.S. grains: Soybeans slide on disappointing US export data; corn also down
Demand for U.S. soy hampered by strong competition from Brazil, China's economic woes
U.S. soybean futures fell about 1.5 per cent on Thursday on disappointing weekly U.S. export sales data coupled with strong competition from Brazil, where the soy harvest is expanding, traders said.
Europe needs to ‘profoundly’ change its farming rules, says Macron
French farmers' union call for end of blockades
Europe's farming sector is facing a major crisis and needs to 'profoundly' change its rules, French President Emmanuel Macron said in Brussels, reaffirming Paris is against striking the Mercosur free-trade agreement with Latin American countries.
Corteva profit beats on higher seed prices; plans $1 bln share buyback
Depressed seed sales offset by higher price in North American and European markets and higher corn acres
Agricultural chemical and seed company Corteva beat Wall Street estimates for fourth-quarter profit on Wednesday as higher prices in its seeds business offset lower volumes and announced plans to repurchase nearly $1 billion shares in 2024.
U.S. grains: Wheat futures sag; corn, soybeans hover near multi-year lows
South American rainfall, Chinese demand, good production outlook for U.S., Russian wheat weighing on prices
U.S. wheat futures fell on Wednesday on technical selling and spillover weakness from European wheat markets amid thin export demand, while corn and soybeans stabilized after setting multi-year lows a day earlier.
EU plans curbs on Ukraine farm imports to calm angry farmers
Measures possible for other farm produce if markets disrupted
The European Commission on Wednesday proposed measures to limit agricultural imports from Ukraine and offer greater flexibility on rules for fallow land in a bid to quell protests by angry farmers in France and other EU members.
U.S. grains: Corn, soybeans close higher, rebounding after multiyear lows
Wheat followed the firm trend, bouncing after a slide to one-week lows
U.S. corn and soybean futures rallied on Tuesday, closing higher on a round of bargain buying after both commodities fell to multiyear lows, although supportive news about supply and demand was lacking, analysts noted.
Argentina wheat harvest ends up 24 per cent year over year
Low prices dent economic impact
Argentine farmers have closed the 2023/24 wheat campaign with a harvest of 15.1 metric tons, slightly lower than initially hoped for but up nearly a quarter versus the drought-hit previous season, the Buenos Aires grains exchange said on Tuesday.
Belgian farmers block roads to Zeebrugge port as French protests spill over
Spanish farmers plan February protests as anger spreads across Europe
Belgian farmers angry about rising costs, EU environmental policies and cheap food imports blocked access roads to the Zeebrugge container port on Tuesday.