Reuters – Canada is expecting a hotter-than-usual summer with slightly below-average precipitation in central Canada, government officials said on Tuesday, offering little relief from ongoing drought and the risk of another bad wildfire season. Last year, Canada experienced its worst-ever fire season, with more than 6,600 blazes burning 15 million hectares, an area roughly seven […] Read more
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Canada forecasts hotter-than-average summer as peak wildfire season nears
Dow signs bio-plastics agreement
U.S. chemical maker Dow has signed a long-term supply agreement with bioconversion company New Energy Blue for plastic materials made from corn residue, in its move to renewable energy sources for production. Under the agreement, Dow will support design of New Energy’s Iowa ethanol facility which aims to process 275 kilotons of corn stalks and […] Read more
U.S. nears record poultry deaths from avian influenza
Virus type is a complicating factor in its control
Reuters – A near-record number of U.S. chickens and turkeys have died in this year’s outbreak of avian influenza, as a different form of the virus than farmers battled before has infected more wild birds that then transmit the disease, officials said. More than 47 million birds have died due to infections and culling. This has spurred export bans, lowered egg and turkey production, and contributed […] Read more
U.S. livestock: Supply concerns drive CME live cattle to new contract high
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures closed higher and reached a new contract high on Wednesday amid concerns about tightening U.S. supplies, brokers said. Strong recent gains have left the market technically overbought and due for a setback, brokers said. “We’ve had a nice rally here,” said Matt Wiegand, commodity broker […] Read more
Europe facing its worst drought in 500 years
Europe is facing its worst drought in at least 500 years, with two-thirds of the continent in a state of alert or warning, reducing inland shipping, electricity production and the yields of certain crops, a European Union agency said Aug. 22. The August report of the European Drought Observatory (EDO), overseen by the European Commission, […] Read more
Ukraine seeks to extend shipping safe passage deal beyond grain
Istanbul/Kyiv | Reuters – Three grain ships left Ukrainian ports on Friday while the first inbound cargo vessel since Russia’s invasion was due in Ukraine to load, as Kyiv called for the safe passage deal to be extended to other cargoes such as metals. The July 22 deal marked a rare diplomatic breakthrough as war […] Read more
China’s U.S. ag imports soar to new highs in 2022, but volumes vary
Naperville, Ill. | Reuters – China is on track to be the leading international buyer of U.S. agricultural products for a third consecutive year, as the total value of exported goods reached record levels in the first half of 2022. Some of that can be explained by increased trade volumes of certain items, particularly beef, but […] Read more
Corteva raises forecast as demand for seeds, crop protection products booms
Bengaluru | Reuters – Corteva Inc CTVA.N on Thursday raised its full-year sales and profit forecasts as the crop protection products maker benefits from surging demand from farmers looking to cash in on higher prices since the Ukraine war. The company, which reported a 14 percent jump in second-quarter operating earnings, also unveiled plans to exit some […] Read more
Tyson Foods ignoring subpoena for meat price gouging probe, NY attorney general says
New York | Reuters – Tyson Foods Inc TSN.N, one of the largest U.S. meat producers, is refusing to comply with a subpoena for a civil probe into possible price gouging during the COVID-19 pandemic, New York’s attorney general said on Wednesday. Letitia James, the attorney general, asked a state judge in Manhattan to require […] Read more
‘Glimmer of hope’ as Ukraine grain ship leaves Odesa port
Kyiv | Reuters – The first ship to carry Ukrainian grain through the Black Sea since Russia invaded Ukraine five months ago left the port of Odesa for Lebanon on Monday under a safe passage deal described as a glimmer of hope in a worsening global food crisis. The sailing was made possible after Turkey and the […] Read more
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