MarketsFarm — Projected ending stocks for soybeans and corn in the United States for the current marketing year were left unchanged by the U.S. Department of Agriculture in its latest monthly supply/demand report (WASDE) — coming as a surprise to market participants who had generally anticipated downward revisions to the carryout numbers. USDA left 2022-23 […] Read more
Tag Archives united states — page 7
USDA stands pat on U.S. soybean, corn ending stocks
Soy, corn crop projections cut for Argentina
After growing GM corn for decades, some U.S. farmers open to Mexican restrictions
Biden administration seeks to challenge ban
Chicago | Reuters — Mexico has found unexpected allies as it tries to limit imports of genetically modified (GM) corn: some U.S. farmers who grow the crops. Farmers have for decades planted GM corn, which protects against insects and herbicides, with seeds sold by companies such as Bayer, Corteva and ChemChina’s Syngenta. But as believers […] Read more
U.S. rules could make Canada’s renewable fuels uncompetitive
One project already pulled because of U.S. economic legislation
Glacier Farmmedia – Canada’s biodiesel and renewable diesel sectors will be obliterated by a new subsidy program in the United States unless the Canadian government responds in kind, say two lobby groups. The industry suffered a huge blow last year when U.S. president Joe Biden signed into law the Inflation Reduction Act of 2022 (IRA). […] Read more
U.S. ag businesses want Biden to allow more investment in Cuba
Canadian investment 'significant' in Cuban business
Havana | Reuters — U.S. agribusinesses, on a trade tour in Cuba, said on Tuesday they were “losing” in their bid to boost commerce with Cuban farmers and called on the Biden administration to ease restrictions and allow them to invest in private agriculture on the island. U.S. President Joe Biden last May loosened restrictions […] Read more
Pulse weekly outlook: World chickpea supplies expected tight over next six months
MarketsFarm — Chickpeas are expected to be in short supply around the world over the next six months, according to a release from the Global Pulse Confederation (GPC). Hot and dry weather in India cut production prospects for that country’s kabuli chickpea crop, according to the report. Production out of Mexico also failed to meet […] Read more
Editorial: U.S. looks to revive COOL
Should we be able to judge a food by its ‘cover’? Regulatory agencies and policy makers think so. The ‘cover’ in this case is not the company branding on the product packaging, but the labels used to inform consumers where a food originated, or what it contains or doesn’t contain. Last July Health Canada published […] Read more
U.S.-Mexico corn dispute unlikely to affect Canada
Long-term impact might set a precedent for future actions
It’s been two years since a decree by Mexican president Andres Manuel Lopez Obrador to phase out imports of corn grown from genetically modified seed. In January 2021, the Obrador government followed through on its pledge to ban the import of GM corn hybrids for human consumption, and the use of glyphosate, by 2024. The […] Read more
CBOT weekly outlook: More acres expected for U.S. corn, soybeans, wheat
USDA acreage projections due out March 31
MarketsFarm — With expectations of far fewer prevent-planting acres for 2023-24, Terry Reilly of Futures International has called for increases in planted area for corn, soybeans and wheat in the U.S. this spring. The U.S. Department of Agriculture (USDA) is scheduled to release its planting projections on March 31. Reilly pegged planted corn acres at […] Read more
U.S. pushes back against Russian demands linked to Ukraine grain deal
Russian food, fertilizer already carved out from sanctions, U.S. says
United Nations | Reuters — The United States pushed back on Russian demands that Western sanctions be eased before it allows Ukrainian Black Sea grain exports beyond mid-May, saying there were no restrictions on Russian agricultural products or fertilizer. Moscow’s demands include allowing the Russian Agricultural Bank to return to the SWIFT banking system and […] Read more
Canada reported seeking formal talks with Mexico on GMO rule
U.S. already seeking similar talks
Ottawa | Reuters — Canada has asked for formal consultations with Mexico over its restrictions on genetically modified (GM) agricultural imports under the North American free-trade agreement, Bloomberg News reported Wednesday, citing people familiar with the matter. Canada requested the talks on Tuesday, according to Bloomberg, a day after the U.S. requested formal trade consultations […] Read more
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