Agriculture

Chicago wheat, corn, and soybean futures eased on Monday as the market awaited updates on crop conditions after adverse weather in Brazil and Russia that triggered gains late last week. The most-active soybean contract on the Chicago Board of Trade (CBOT) was down 0.1% at $12.13-1/2 a bushel, after climbing to a high of $12.19, […]

Argentina’s oilseed sector workers have lifted their two-day strike after the lower house of Congress approved contentious reforms backed by President Javier Milei but opposed by some unions. The strike had paralyzed business at the South American country’s top grains ports, holding up shipments of soy, corn and wheat from one of the world’s top […]

Some U.S. farmers who previously raised chickens for Tyson Foods are now shifting to egg production after the meatpacker closed six of its plants, leaving local suppliers with limited options. This transition, however, comes with high costs and risks. In central Virginia, a group of former Tyson suppliers formed a cooperative that will produce cage-free […]

The World Health Organization (WHO) has warned that the H5N1 bird flu virus, which is present in many wild birds, may pose a risk of infecting cows in countries beyond the United States as the birds migrate. Wenqing Zhang, the head of the WHO’s Global Influenza Programme, stated at a news briefing in Geneva that […]

Global grain trader Archer-Daniels-Midland (ADM) reported better-than-expected first-quarter 2024 profits, citing lower energy and manufacturing costs. However, the company warned of lower soy crushing margins and continued headwinds in its Nutrition unit, which has been the focus of government investigations. ADM’s adjusted operating profit in its Ag Services and Oilseeds division, which includes soybean crushing […]

The Biden administration has released guidance on its sustainable aviation fuel (SAF) subsidy program, which will allow corn-based ethanol to qualify for the subsidies if it is sourced from farms using climate-friendly growing techniques. The plan is likely to be welcomed by the politically powerful U.S. ethanol industry, which has been eager to secure these […]

World cocoa prices have recovered on Tuesday after suffering losses of more than 20% earlier in the week. The sharp decline was driven by record low liquidity in the market, as technical triggers prevailed. Prior to this week’s slump, cocoa futures traded on the ICE exchange – used as a global benchmark – had nearly […]

Impossible Foods, the maker of meat alternatives from soy, is targeting a “liquidity event” in the next two to three years, which could include a public offering, CEO Peter McGuinness told Reuters. However, the CEO stated that the company is not set on an initial public offering (IPO) and is considering other options, such as […]

Consultancy Strategie Grains has kept its forecast for this year’s rapeseed output in the European Union nearly unchanged at 18.1 million metric tons, pointing to good crop conditions in large producing regions of the bloc. However, the new rapeseed crop forecast would still be 9% below last year’s harvest of 19.9 million tons, after a […]

Argentina’s oilseed and maritime worker unions have launched a strike to protest a labor reform bill backed by President Javier Milei, as lawmakers in the country’s lower house of Congress began debating the measure on Monday. The strike, called by the SOEA oilseed union and the United Maritime Workers Union (SOMU), is aimed at putting […]