Latest News From Reuters

Corn Jumps 1.5% as USDA Pegs Planting Behind Forecast
Corn Jumps 1.5% as USDA Pegs Planting Behind Forecast

U.S. corn futures rose 1.5% on Tuesday after the U.S. Department of Agriculture (USDA) pegged planting progress behind market expectations, stoking concerns over global supply.

Farmers and applicators should check state rules before applying the product
U.S. Appeals Court Upholds $25 Million Roundup Verdict Against Bayer

A federal appeals court upheld a $25 million judgment and trial verdict finding Roundup caused a California resident's non-Hodgkin lymphoma, dealing a blow to Bayer's hopes of limiting legal risk over the weed killer.

China Flag
China Grains Trade Scrambles for Data After Key Source Goes Dark

The unexplained suspension of operations of a key Chinese agricultural data provider has left traders, analysts and brokers scrambling for other sources of information on one of the world's most important farm markets.

Wall Street Closes Sharply Lower as Inflation Fears Heat Up
Wall Street Closes Sharply Lower as Inflation Fears Heat Up

Wall Street closed lower on Wednesday with the S&P suffering its biggest one-day percentage drop since February, as inflation data fueled concerns over whether interest rate hikes could happen sooner than anticipated.

U.S. Soybean Futures Top $16 for First Time in Almost Nine Years
U.S. Soybean Futures Top $16 for First Time in Almost Nine Years

Chicago Board of Trade soybean futures jumped 1.8% on Tuesday, surging above $16 a bushel for the first time since September 2012 as traders focused on prospects for tight supplies until late 2022.

Corn Hits New Eight-Year Peak, Soybeans Rally on Supply Worries
Corn Hits New Eight-Year Peak, Soybeans Rally on Supply Worries

Chicago Board of Trade corn futures extended a rally on Thursday above eight-year highs as dry weather threatened harvest yields in major exporter Brazil and kept the focus on ebbing global supplies.

Biden Officials Make Recommendations for Protecting 30% of U.S. Land, Water
Biden Officials Make Recommendations for Protecting 30% of U.S. Land, Water

The Biden administration outlined six categories for how land and water should be used as a first step toward carrying out the president's campaign pledge to conserve 30% of U.S. land and water over the next decade.

CME to Permanently Close Most Physical Trading Pits
CME to Permanently Close Most Physical Trading Pits

Futures exchange operator CME Group Inc said on Tuesday it will not reopen the physical trading pits which it closed last March due to the COVID-19 pandemic. 

Bunge
Bunge Profit Jumps More Than Three-fold, Raises Profit Outlook

U.S. ag commodities trader Bunge Ltd adjusted income rose more than three-fold in the first quarter from a year earlier as strong crop export demand and stout oilseed crushing margins bolstered its core segment.

Corn Set for Biggest Monthly Gain in More than Two Years
Corn Set for Biggest Monthly Gain in More than Two Years

U.S. corn futures edged higher on Friday, as the grain was poised to post its biggest one-month gain in more than two years on global supply concerns.

Bayer_Cross_4
Bayer Says Mexican Judge Rules in its Favor Over Glyphosate Ban

A Mexican judge has sided with Bayer in a legal challenge over a government policy that seeks to ban glyphosate, in a temporary reprieve from a looming ban on the widely-used herbicide.

World Bank Expects Commodity Prices to Stay Firm on Economic Growth
World Bank Expects Commodity Prices to Stay Firm on Economic Growth

Global commodity prices are expected to stay firm around current levels in 2021 after recovering in the first quarter buoyed by strong economic growth, the World Bank said on Tuesday.

USDA to Review Quarterly U.S. Grain Stocks Report Methodology
USDA to Review Quarterly U.S. Grain Stocks Report Methodology

The U.S. Department of Agriculture's statistics division is conducting a "deep dive" review of how it conducts its quarterly U.S. grain stocks reports, an official said during an online conference on Wednesday.

corn harvest
Corn-based Ethanol Output Jumps 58% in Brazil, with More Growth to Come

Brazilian production of ethanol from corn rose 58% in the newly passed year as dozens of recently built plants in the country's grain heartland ramped up production.

China Flag
China's March Soybean Imports Surge after Delayed Cargoes Clear Customs

China's soybean imports almost doubled in March from levels in the same month a year earlier, data from customs showed on Tuesday, as cargoes of beans from top exporter Brazil cleared customs after delays.

Frost Damage to French Sugar Beets is Worst Ever, Grower Group Says
Frost Damage to French Sugar Beets is Worst Ever, Grower Group Says

Successive cold snaps in the past week have destroyed between 30,000 and 50,000 hectares of French sugar beet, growers group CGB said on Monday, calling it the worst frost-related losses for the sector ever recorded.

Dollar Drops as Traders Prepare for Inflation Data
Dollar Drops as Traders Prepare for Inflation Data

The dollar slipped on Monday towards a three-week low as Treasury yields traded near recent lows and traders awaited crucial U.S. inflation and retail sales data in coming days.

Canadian Fertilizer Producer Nutrien to Cut Greenhouse Gas Emissions 30% by 2030
Canadian Fertilizer Producer Nutrien to Cut Greenhouse Gas Emissions 30% by 2030

Canada's Nutrien Ltd, the world's largest fertilizer producer by capacity, said on Thursday it aimed to cut greenhouse gas emissions by at least 30% by 2030, in a plan costing the company up to $700 million.

A cotton boll from Red Land Cotton.
Cotton Prices Gain as West Texas Weather Concerns Persist

Cotton futures rose on Wednesday supported by concerns that dry weather in West Texas, the largest U.S cotton-producing region, may weigh on U.S supplies of the crop.

wheat_april
U.S. Winter Wheat Seen Rated 53% Good to Excellent

The U.S. Agriculture Department likely rated the U.S. winter wheat crop as 53% good to excellent, according to an average of estimates given by nine analysts in a Reuters survey ahead of a government report on Monday.

cotton_seedling_chris_bennett
Cotton Dives More Than 3% on U.S. Data Showing Export Sales Tumble

Cotton futures slumped more than 3% on Thursday as a U.S. government report showed a sharp slide in weekly export sales, putting prices of the natural fiber on course for their third straight weekly decline.

The Archer Daniels Midland Co. corn processing plant in Peoria, Illinois.
ADM to Restart Ethanol Production at 2 Mills as Demand Rises

Archer Daniels Midland said on Thursday it would restart ethanol production at two of its U.S. corn dry mills this year, as the grains trader expects demand for the biofuel to rebound from a pandemic-led slump.

croptour15-soybeans-indiana
March Rains to Help Argentine Wheat/Barley Sowing, But Too Late to Restore Soy/Corn Yields

Hard late-March rains in Argentina have set the stage for smooth wheat and barley sowing, but the storms arrived too late to help  corn and soy yields in areas that had been pounded by months of dry weather.

Bloomberg_Cotton_Harvest
Cotton Dips on Firm Dollar; Focus on Planting Report

Cotton futures edged lower in choppy trading on Monday, pressured by a firmer dollar, while expectations for a reduction to forecasts for planted acreage in a federal report due later this week put a floor under prices.

Ship Blocking the Suez Canal Has Been Partially Refloated After Six Days
Ship Blocking the Suez Canal Has Been Partially Refloated After Six Days

The maneuvers to try to refloat the mega container ship Ever Given, stranded in the Suez Canal since last Tuesday, have been successful early this Monday.

U.S. Says Mexico Plan to Ban GMO Corn Imports Does Not Apply to Animal Feed
U.S. Says Mexico Plan to Ban GMO Corn Imports Does Not Apply to Animal Feed

USDA Secretary Tom Vilsack said a Mexican plan to ban imports of GMO corn would apply to grain used for human food products, not livestock feed, based on a conversation he had with Mexican Agriculture Secretary.

U.S., Chinese Diplomats Clash in First High-Level Meeting of Biden Administration
U.S., Chinese Diplomats Clash in First High-Level Meeting of Biden Administration

The first U.S.-China meeting of the Biden administration got off to a fiery start, with both sides leveling sharp rebukes of the others' policies in a display that underscored the level of bilateral tension.

Fed Sees Growth Surge, Jump in Inflation in 2021 but no Change on Rates
Fed Sees Growth Surge, Jump in Inflation in 2021 but no Change on Rates

The Fed on Wednesday repeated its pledge to keep its target interest rate near zero for years to come after projecting a rapid jump in U.S. economic growth and inflation this year as the COVID-19 crisis winds down. 

U.S. Corn Shipments to China Due for a Pickup in Pace -Braun

Since last year, China has been importing record volumes of U.S. corn due to a supply shortage and record domestic prices. But U.S. shipments to the Asian country have been slightly disappointing in recent weeks.

Corng
U.S. Corn Shipments To China Due For A Pickup in Pace

Since last year, China has been importing record volumes of U.S. corn due to a supply shortage and record domestic prices.

U.S. Announces Largest Sale of Corn to China Since January
U.S. Announces Largest Sale of Corn to China Since January

China booked its largest purchase of U.S. corn since January, the U.S. Department of Agriculture said on Tuesday.

FILE PHOTO: U.S. President Joe Biden speaks at the Pentagon in Arlington, Virginia, U.S., February 10, 2021. Alex Brandon/Pool via REUTERS/File Photo
Presidents Biden and Xi Hold First Phone Call Amid Tense U.S.-China Relations

U.S. President Joe Biden and his Chinese counterpart Xi Jinping held their first telephone call as leaders.

FILE PHOTO: U.S. President Joe Biden delivers remarks on tackling climate change prior to signing executive actions in the State Dining Room at the White House in Washington, U.S., January 27, 2021. REUTERS/Kevin Lamarque
Exclusive: U.S. Oil Industry seeks Unusual Alliance with Farm Belt to Fight Biden Electric Vehicle Agenda

The U.S. oil industry is seeking to forge an alliance with the nation's corn growers and biofuel producers to lobby against the Biden administration's push for electric vehicles.

U.S. President Joe Biden signs executive order as Vice President Kamala Harris and White House science adviser Eric Lander standby in the State Dining Room at the White House in Washington, U.S., January 27, 2021. REUTERS/Kevin Lamarque
Biden Signs Climate Order, Calls for End to Oil and Gas Subsidies

President Joe Biden on Wednesday signed a raft of executive actions to combat climate change, including pausing new oil and gas leases on federal land and cutting fossil fuel subsidies.

Bulk Carrier 'Discoverer' unloads U.S. soybeans at the port of Paranagua, Brazil, December 3, 2020. Picture taken December 3, 2020. Picture taken with a drone. REUTERS/Rodolfo Buhrer
U.S. Soybean Crushers Buy Up Extra Beans as Supply Scramble Looms

U.S. soy processors, fresh off their busiest year on record, have booked soybean purchases well beyond their normal few weeks of supply due to soaring export demand, rising prices and fears of soy shortages.

PepsiCo, Beyond Meat Partner to Develop New Plant-Based Snacks

PepsiCo Inc and Beyond Meat Inc said on Tuesday they would form a joint venture to develop and sell snacks and beverages made from plant-based protein.

FILE PHOTO: The Boeing logo is pictured at Congonhas Airport in Sao Paulo, Brazil, August 14, 2018. REUTERS/Paulo Whitaker/File Photo
Boeing Says Its Fleet Will Be Able to Fly on 100% Biofuel by 2030

Boeing Co said on Friday it will begin delivering commercial airplanes capable of flying on 100% biofuel by the end of the decade.

U.S. soybean and corn futures climbed to fresh 6-1/2 year highs on Wednesday, as worries about dry weather hurting Argentine crops attracted speculative buyers, analysts said.
Corn Tops $5 for First Time Since 2014 on Dryness in Argentina

U.S. soybean and corn futures climbed to fresh 6-1/2 year highs on Wednesday, as worries about dry weather hurting Argentine crops attracted speculative buyers, analysts said.

Smithfield Foods Prepares for COVID-19 Vaccine Distribution to U.S. Employees
Smithfield Foods Prepares for COVID-19 Vaccine Distribution to U.S. Employees

Smithfield Foods, the world's largest pork processor, said on Wednesday it has medical capabilities at U.S. facilities and is actively preparing for COVID-19 vaccine distribution to employees.

Biden to Nominate Vilsack for Return to USDA
Biden to Nominate Vilsack for Return to USDA

U.S. President-elect Joe Biden plans to nominate former Iowa Governor Tom Vilsack for agriculture secretary, according to two sources familiar with the decision. 

FILE PHOTO: A farmer inspects his soil at Loran Steinlage's farm in West Union, Iowa in 2019.
North American Farmers Profit as Consumers Pressure Food Business to Go Green

Beer made from rice grown with less water, rye planted in the off-season and the sale of carbon credits to tech firms are just a few of the changes farmers are making as the food industry strives to go green.

Biden Says He Will Not Immediately Remove Phase 1 Trade Deal With China
Biden Says He Will Not Immediately Remove Phase 1 Trade Deal With China

U.S. President-elect Joe Biden has said that he will not immediately act to remove the Phase 1 trade agreement, which President Donald Trump inked with China, the New York Times reported on Wednesday.

FILE PHOTO: John Deere tractors are seen for sale at a dealer in Longmont, Colorado, U.S., February 21, 2017. REUTERS/Rick Wilking/File Photo
Improving Farm Economy Drives Up Deere Earnings

Deere & Co on Wednesday reported a rise in quarterly earnings, defying Wall Street estimates.

COVID-19 Surge Slices U.S. Demand for Big Thanksgiving Turkeys
COVID-19 Surge Slices U.S. Demand for Big Thanksgiving Turkeys

As a last-minute shift toward small-scale celebrations upends demand for the star of Thanksgiving tables, turkey producers and retailers are scrambling to fill orders for lightweight birds and partial cuts.

Soybeans Hit Fresh 4-Year Peak on Tightening Supplies, Higher Soyoil
Soybeans Hit Fresh 4-Year Peak on Tightening Supplies, Higher Soyoil

January soybeans were up 6 cents at $11.75-3/4 a bushel after peaking earlier at $11.89-3/4, the highest for a most-active contract since June 13, 2016.

China
Biden's Trade Policy Will Take Aim at China, Embrace Allies

President-elect Joe Biden has pledged to work more closely with U.S. allies in confronting China on trade, and is seen as unlikely to roll back his predecessor's tariffs.

FILE PHOTO
Bayer Takes $10 Billion Writedown, Flags Higher Roundup Settlement Bill

Bayer writes down farming assets by 9.25 billion euros, faces increase in Roundup settlement of $750 million, and chalks up 2.7 billion euro net loss (Adds shares, analyst comment, Q3 net loss).

Bunge Raises 2020 Outlook As Quarterly Profit Nearly Doubles, Shares Jump
Bunge Raises 2020 Outlook As Quarterly Profit Nearly Doubles, Shares Jump

Bunge Ltd raised its 2020 outlook after reporting a 91% jump in adjusted third-quarter profit on Wednesday as strong soy processing margins and robust demand for soy products boosted its core agribusiness segment.

Crop Watch: Quick harvest progress amid unusually dry conditions -Braun
Crop Watch: Quick harvest progress amid unusually dry conditions -Braun

Harvest continued last week at a solid clip for most of the U.S. Crop Watch producers. Three more of the 16 subject fields were completed, and just two fields remain.

FILE PHOTO: Soybeans are harvested from a field on Hodgen Farm in Roachdale, Indiana, U.S. November 8, 2019. REUTERS/Bryan Woolston
Trade, Biofuels and the Environment: Key Ag Issues in U.S. Election

Ag policies at the center of the presidential election.