Sao Paulo | Reuters — Brazil’s beef exports to China will be halted starting Thursday after a case of bovine spongiform encephalopathy (BSE) was confirmed in the northern state of Para, the country’s agriculture and livestock ministry said on Wednesday. The suspension is part of an animal health pact previously agreed between China and Brazil […] Read more
Tag Archives china — page 24
Brazil to halt beef exports to China after BSE case
Indications point to 'atypical' case
Will China be able to feed itself sustainably?
What the country’s food security strategy means for global hunger and stability
As the world’s largest net importer of food, China will play a very significant role in global food security. According to a new research report “Linking global food security with China’s food security” from the Canadian Agri-Food Policy Institute (CAPI), how the country of 1.5 billion people pursues its own food security policy will have […] Read more
China giving the U.S. the cold shoulder on corn
Political tensions between China and the U.S. and between Russia and the Ukraine continue to disrupt markets
Ontario corn prices appear to be consolidating. Export demand for Ontario has been minimal over the past month; therefore, the domestic prices have been based on local feed values. Ethanol producers appear to have sufficient coverage for nearby positions. Soybean exports continue to exceed expectations while demand from the domestic crush was driven by stronger […] Read more
China to plant more soy, speed up GMOs to ensure food supply
Beijing reiterates goals to increase soy acres, intercrop with corn
Beijing | Reuters — China will increase its efforts to boost output of soybeans and edible oils, state media reported on Monday, citing a key rural policy document, as it continues to push for greater self-sufficiency in its key food supplies. The world’s top soybean buyer is trying to lower its heavy reliance on imports […] Read more
U.S. grains: Soy futures fall on technical selling
Corn edges higher; wheat weak
Chicago | Reuters — U.S. soybean futures dropped on Monday on a technical setback after rallying to the high end of recent trading ranges last week, traders said. Corn ended higher after trading in negative territory for much of the day, with the market finding support near Friday’s low. Investors were waiting for news about […] Read more
Surge in China’s economic output will drive demand for all commodities
Strong resource demand and end of interest rate hikes will strengthen Canadian dollar
Ontario corn prices slowly percolated higher throughout January. Farmer selling eased but commercial traders had sufficient ownership to cover nearby commitments, which tempered the upside. Soybean prices are marginally higher compared to the first week of January. Export demand during the month was stronger than anticipated and commercial supplies are decreasing. The market needs to […] Read more
China top destination for Canadian grains, oilseeds
CGC data points to key destinations
MarketsFarm — China is the top destination for Canadian grain and oilseed exports through the first five months of the 2022-23 marketing year, accounting for roughly a third of the total movement, according to the latest monthly report from the Canadian Grain Commission. Canada has exported 6.566 million tonnes of grains, oilseeds, and pulses to […] Read more
Beef consumption to rise in China, JBS predicts
China seen as more competitive in domestic chicken, pork markets
Sao Paulo | Reuters — Demand for beef in China is expected to rise as the country still has relatively low per capita consumption, Gilberto Tomazoni, chief executive of JBS SA, said on Wednesday during a business conference. He said Brazil and the U.S., where JBS has meat facilities, are well positioned to meet China’s […] Read more
U.S. grains: Soy, corn slide on forecasts for much-needed Argentine rains
New survey calls for expanded U.S. wheat acres
Chicago | Reuters — U.S. soybean futures fell on Thursday, retreating from seven-month highs set a day earlier as forecasts for beneficial rains in drought-hit Argentina sparked a round of selling, analysts said. Corn futures also declined on the outlook for Argentine weather along with wheat futures. Chicago Board of Trade March soybeans settled down […] Read more
U.S. grains: Soybeans, corn retreat off multi-month highs
Putin's comments on exports underpin wheat
Chicago | Reuters — U.S. corn and soybean futures settled lower on Wednesday as traders booked profits after both markets set multi-month highs and as weather forecasts promised much-needed rains in Argentina’s crop belt, traders said. Wheat followed the weaker trend. Chicago Board of Trade March soybeans settled down 15-1/4 cents at $15.24-1/2 per bushel, […] Read more
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