MarketsFarm — Argentina has become the first country in the world to approve cultivation and consumption of a genetically modified wheat variety, the country’s National Commission for Science and Technology (CONICET) announced Thursday. “This is the first approval in the world for drought-tolerant genetic transformation in wheat,” CONICET said in a statement. Argentina is the […] Read more
Tag Archives brazil — page 27
Argentina approves drought-tolerant GM wheat
Variety would need Brazil approval before going commercial
U.S. grains: Dry weather pushes CBOT wheat, soy to multi-year peaks
Chicago corn also rallies
Chicago | Reuters — U.S. wheat and soybean futures jumped to multi-year highs on Tuesday, supported by concerns about dry weather in key production areas, traders said. Corn futures hit their highest level in 8-1/2 months, joining in the rally as the U.S. harvest pace fell below expectations despite ideal weather for field work. But […] Read more
U.S. livestock: Live cattle gain as slaughter rates, beef exports rise
October lean hogs up three-quarters of a cent
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures continued to rally Thursday, holding to a nearly six-month peak in prices, as exports to China also grew, traders said. China was a big buyer of U.S. beef in the latest week, with sales of 1,927 tonnes for the period through Aug. 6, the most […] Read more
JBS invests $19-million in safety measures amid COVID-19 pandemic
Sao Paulo | Reuters –Brazilian food processor JBS SA has invested more than 100 million reais ($19.3 million) in health, safety and contingency measures at all its Brazilian production units, according to a Wednesday company statement that comes as the novel coronavirus continues to ravage local meat plants. The company said the funds were invested […] Read more
Bayer launches carbon capture pilot for U.S., Brazilian farmers
Chem and seed firm expects to expand plan to other countries
Chicago | Reuters — Bayer launched a pilot program in the United States and Brazil on Tuesday that will pay farmers for capturing carbon in cropland soils, making it the latest agriculture company to capitalize on environmental initiatives. The company seeks to enroll about 1,200 row crop growers in its Bayer Carbon Initiative in the […] Read more
Argentina says hit by second locust swarm, farmers on alert
Buenos Aires | Reuters — Grains powerhouse Argentina is getting hit by a second swarm of locusts arriving from neighbouring Paraguay, Argentina’s Senasa agricultural health inspection agency said on Tuesday, putting farmers on notice about possible crop damage. The new swarm is concentrated in the province of Formosa in north-east Argentina, on the Paraguay border. […] Read more
Amazon deforestation linked to lower corn yields in Brazil, study says
The large mass of forested land helps to moderate temperatures in the country
Reuters – Deforestation of the Brazilian Amazon and neighboring savannah may be hurting regional corn yields, according to a new study. Roughly one-fifth of Brazil’s Amazon has been cleared in the last 50 years, as the country went from being a food importer to a global farming powerhouse. In terms of corn, Brazil is now […] Read more
CBOT weekly outlook: Weather the key for soybeans, corn
MarketsFarm — Soybean and corn futures at the Chicago Board of Trade fell off nearby highs over the past week, with shifting weather forecasts directing the flow of money in the markets. “Ninety per cent of our price influence in a supply-side driven market during the growing season will be weather,” said analyst Sean Lusk […] Read more
U.S. grains: Wheat slips on bumper harvest, soy up on exports
Corn inches up on technical trading, weather questions
Chicago | Reuters — Chicago wheat futures slid again on Thursday, dropping to their lowest in more than eight months amid a bumper U.S. harvest and well-timed European rains. Soybeans and corn edged higher, on technical trading and signs weather may not be so crop-friendly across the U.S. Corn Belt in coming days. The most-active […] Read more
U.S. grains: Soybeans gain on China demand
Improved U.S. rating lifts expectations for bumper corn crop; wheat up on pre-report positioning
Chicago | Reuters — Chicago soybean futures gained on Wednesday, supported by solid demand from the world’s biggest importer, China, while corn edged lower on strong crop conditions. Wheat inched higher after falling for three consecutive sessions, but advances remained capped by a progressing winter wheat harvest in the U.S. southern Plains. Traders positioned ahead […] Read more
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