Cairo | Reuters — Egypt will allow up to 0.05 per cent ergot, a common grains fungus, in wheat shipments beginning on Tuesday, confirming the end of a months-long standoff just before the country re-enters the international wheat market. Reuters exclusively reported on July 4 that a ministerial decree would allow the world’s top wheat […] Read more
Egypt to follow global standard for ergot starting Tuesday
Cargill to sell two Texas feedlots
Reuters — Cargill, a top U.S. meat processor, said Friday it will sell two Texas beef cattle feedlots to Amarillo-based Friona Industries pending final agreements and regulatory reviews. Under the deal, Friona will acquire Cargill’s cattle feedlots at Bovina and Dalhart, Texas. Cargill said in a statement it will retain ownership of its cattle feedyards […] Read more
U.S. livestock: Cattle advance on cash market optimism
Chicago | Reuters — U.S. live cattle futures rebounded from early-session weakness on Tuesday to close higher for the fifth time in six trading sessions on expectations for firm cash cattle prices this week. Feeder cattle futures also climbed, drawing some support from sharply lower corn prices, while lean hogs ended mixed. Cattle futures markets […] Read more
Monsanto, Microsoft to invest in ag technology in Brazil
Sao Paulo | Reuters — U.S. biotech company Monsanto and U.S. software and tech firm Microsoft announced on Monday a partnership to invest in agricultural technology startups in Brazil. Monsanto will join a Brazilian investment fund with up to 300 million reais (C$118 million), managed by Microsoft, evaluating ideas for new digital tools to be […] Read more
Food commodity prices seen stable over next decade
Paris | Reuters –– Higher agricultural productivity and slightly larger crop areas in the coming decade will cover rises in food demand, leading to stable prices and a period of more restrained agricultural markets, the FAO and OECD said Monday. In their annual Agricultural Outlook report, the Food and Agriculture Organization and the Organisation for […] Read more
Egypt’s parliament to look into wheat fraud allegations
Cairo | Reuters — Egypt’s parliament has set up a fact-finding commission that will look into allegations of corruption in local wheat procurement. Egypt, the world’s largest wheat importer, this month announced a government-led inspection of wheat silos after an unusually high procurement figure prompted allegations of possible fraud from top industry officials, traders and […] Read more
China’s COFCO to open Canadian grain office by autumn
Winnipeg | Reuters — China’s COFCO Agri will open a Canadian crop trading office in Winnipeg by the time farmers harvest their new crops, the state-owned agricultural trader said Tuesday. The new office, which Reuters reported earlier this month, will focus on trading canola and its processed products oil and meal, as well as wheat, […] Read more
European Commission to extend glyphosate licence for 18 months
Brussels | Reuters — The European Commission is extending by 18 months its approval for the herbicide glyphosate, used in Monsanto’s Roundup, Health Commissioner Vytenis Andriukaitis said on Tuesday. Contradictory findings on carcinogenic risks have thrust the chemical into the centre of a dispute between EU and U.S. politicians, regulators and researchers. Campaign groups urged […] Read more
Canada dilutes plan to limit temporary foreign workers
Ottawa | Reuters — Canada’s Liberal government on Thursday watered down measures to limit the number of low-wage temporary foreign workers firms can hire after complaints the restrictions would cause major labour shortages. Under rules introduced by the previous Conservative administration, the number of low-skilled foreign workers a firm could employ would have dropped to […] Read more
Canpotex shelves plans for Prince Rupert terminal
Reuters — Canpotex, the potash export sales arm for PotashCorp, Mosaic Co. and Agrium, said Friday it would not build a planned shipping terminal at Prince Rupert in British Columbia. Canpotex said the decision was based on economic and commercial considerations and that its export capacity in Vancouver, Saint John and Portland were sufficient. PotashCorp […] Read more
Canadian Cattlemen Presents: Depth of Field
