China has approved a first batch of seed companies to breed and sell genetically modified corn and soybean seeds, paving the way for commercial planting of GMO grains in a move that could cut its reliance on imports from the U.S. and Brazil.
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China approves seed firms for GMO corn and soybeans
The world's biggest buyer of soybeans and corn wants to reduce its reliance on imports
US reopens key rail crossings between Texas and Mexico
American, Mexican agriculture groups express relief
U.S. Customs and Border Protection (CBP) said operations resumed at 2 p.m. ET at the international railway crossing bridges in Eagle Pass and El Paso, Texas. The closures had prompted alarm from railroads, the agriculture industry and some lawmakers over the economic impact to halted export trade.
Biden backs ethanol industry on low-emission aviation fuel tax credits
Aviation is seen as one of the few routes to increase ethanol demand amid rising electric vehicle sales
Reuters - The Biden administration said on Friday it will recognize a methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for sustainable aviation fuel (SAF), a pivotal win for the politically powerful U.S. corn lobby.
US-UAE climate-friendly farming effort grows to $17 billion
COP28 has elevated agriculture, U.S. govt's Vilsak says
Funding for a joint effort by the United States and United Arab Emirates to advance climate-friendly farming around the world has grown to more than $17 billion, the countries announced on Friday at the COP28 climate summit in Dubai.
CUSMA panel rejects U.S. complaint on access to Canada dairy market
Canada 'very pleased' with dispute settlement panel findings
Ottawa | Reuters — A trade dispute settlement panel set up under a major North American free trade agreement has rejected a U.S. complaint that Canada is improperly limiting access to its dairy market, an official report showed on Friday. The United States had accused Canada of not meeting obligations under the 2020 Canada-U.S.-Mexico Agreement […] Read more
IGC raises world crop projections
If realized, the world wheat crop will the second largest on record
Projected worldwide wheat, corn and soybean production in 2023/24 was raised by the International Grains Council in its latest update, with better-than-expected corn yields in the United States and larger Black Sea wheat crops behind the adjustment.
More acres expected for soybeans, canola, Rabobank says
RaboResearch arm sees Canada's exporters 'struggling' with margins
MarketsFarm — Farmers in the U.S. will seed more soybeans in 2024-25, with Canadian canola plantings also expected to rise to a lesser extent, according to a grains and oilseeds analyst with RaboResearch Food and AgriBusiness, a division of the Dutch multinational bank Rabobank at the firm’s Fall Harvest Outlook webinar. During the Wednesday webinar, […] Read more
CBOT weekly outlook: Funds getting out of soybeans
Potential for U.S. government shutdown a concern
MarketsFarm — While corn and wheat prices on the Chicago Board of Trade (CBOT) stayed fairly steady during the week ended Wednesday, soybean prices steadily declined. The November soybean contract dropped 30 cents per bushel from one week ago to close Wednesday at $13.1975/bu. (all figures US$). During the same week, December corn only lost […] Read more
‘Shocking’ farm videos barred at egg-price antitrust trial in Chicago
Food firms sought to show animal care claims not genuine
Reuters — A U.S. judge has barred Kraft, Kellogg and other major food producers from showing what the court called “shocking” and “heart-wrenching” videos of conditions inside certain hen houses at an upcoming antitrust trial against egg producers and marketers. In a ruling on Tuesday, U.S. District Judge Steven Seeger in Chicago said the risk […] Read more
USDA adjusts soy, corn outlooks in September report
U.S. wheat usage, carryout estimates shift
MarketsFarm — The U.S. Department of Agriculture made a number of slight changes to its forecast on soybeans and corn for 2023-24, while keeping its domestic wheat numbers from August. USDA on Tuesday issued its monthly world agricultural supply and demand estimates, adjusting its forecast on this year’s soybean yields at 50.1 bushels per acre, […] Read more
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