The European Union and South America's Mercosur bloc struck an agreement on a long-delayed free trade deal on Friday which now faces a tortuous battle for approval in Europe, where there is stiff opposition from France. After negotiations spanning over 20 years, and five years on from an initial deal, European Commission President Ursula von der Leyen and her Mercosur counterparts announced an agreement had been reached in the Uruguayan capital Montevideo.

EU and South America strike trade deal set to hit pushback in Europe

Police prevent Indian Punjabi farmers marching to Delhi to demand better prices
Indian police used tear gas and pepper spray against dozens of farmers who began marching from Punjab state along a key highway to Delhi on Friday to demand better prices for their crops.

World food prices reach 19-month high in November, UN says
The United Nations' world food price index rose in November to its highest level since April 2023, recording its biggest gain in 19 months on the back of surging vegetable oil prices, data showed on Friday.

U.S. livestock: Cattle futures drop on profit taking, weaker beef values
Chicago Mercantile Exchange live and feeder cattle futures fell for a second consecutive day on Thursday, pressured by technical selling and profit taking following recent highs, and as wholesale beef prices fell, analysts said.

U.S. grains: Soybeans rise in vegoils rally after Canada cuts canola crop
U.S. soybean futures firmed on Thursday, led by strong gains in soyoil as a smaller-than-anticipated canola harvest outlook in Canada stoked worries about tightening global vegetable oil supplies.

Soy traders push to weaken ban on buying from deforested Amazon
Multinational grains traders operating in Brazil are seeking to weaken an agreement that forbids buying soybeans from farms on deforested land in the Amazon rainforest, environmental advocates involved in the discussions said on Wednesday

Chinese buyers slash Canadian canola imports on fears of anti-dumping duty
Chinese importers are scaling back purchases of Canadian canola with shipments from December likely to plunge as most buyers are reluctant to sign new deals for fear that Beijing could impose retaliatory anti-dumping duties.

U.S. livestock: Cattle futures recoil from highs as packer losses deepen
Chicago Mercantile Exchange live and feeder cattle futures dropped on Wednesday in a technical and profit-taking retreat following recent strong gains and as beef packer margins fell deeper in the red, analysts said.

Mexico expects resolution on GM corn dispute by Dec. 14
Mexican Economy Minister Marcelo Ebrard said on Tuesday he expected a resolution on a dispute under the U.S.-Mexico-Canada free trade pact regarding Mexican restrictions on imports of genetically-modified (GM) corn by Dec. 14.

U.S. grains: Soybeans fall as good South America weather lift crop prospects
U.S. soybean futures fell on Wednesday on favorable crop weather in South America and concerns about the incoming Trump administration's hawkish approach to trade with top importer China.