News

New USDA Farmers Innovation Fund for Rural Businesses
New USDA Farmers Innovation Fund for Rural Businesses
The Farmers Innovation Fund must send more than half its capital to businesses worth under $6 million, a condition of its new USDA certification. It's backed primarily by Farm Credit... Read more...
Argentina's Corn Shipments to China Hit a Record 600,000 Tons Since April
Argentina's Corn Shipments to China Hit a Record 600,000 Tons Since April
The shipments mark a sharp reversal for a market that Argentina was largely locked out of for more than a decade.   Read more...
China Expands Canola Trade with Australia
China Expands Canola Trade with Australia
The move widens China's buyer base for Australian canola beyond the state trader COFCO, adding competition for cargoes just as Canadian canola remains subject to a 14.9% total tariff into... Read more...
French Corn Ratings Drop to 47% as Heat Wave Hits Crop During Pollination
French Corn Ratings Drop to 47% as Heat Wave Hits Crop
This is the third straight weekly drop this season. The EU grain trade group Coceral has already cut its regional production forecast, pointing toward higher import demand as harvest approaches.... Read more...
USDA Cuts US Wheat Production, Ending Stocks Down 22%
USDA Cuts US Wheat Production, Ending Stocks Down 22%
The tighter US stocks come as global wheat supplies barely moved, with production gains in Russia and Ukraine offsetting the US and Canadian declines. Read more...
Dairy Prices Fall 4.9% as Milk Powder Supply Surges 20%
Dairy Prices Fall 4.9% as Milk Powder Supply Surges 20%
Sellers put nearly 20% more milk powder up for auction than a year ago. Read more...
Vietnam Supplies 84% of the Philippines' Rice Imports Year to Date
Vietnam Supplies 84% of the Philippines' Rice Imports Year to Date
As of June 18, Vietnam accounted for the vast majority of the country's rice imports, according to Bureau of Plant Industry data, with the next-largest supplier holding less than a... Read more...
China Resumes Buying US Soybeans as New Trade Deal Takes Hold
China Resumes Buying US Soybeans as New Trade Deal Takes Hold
State-owned importer Cofco has booked its first new-crop cargoes since a trade agreement requiring 25 million metric tons in annual Chinese purchases took effect. Read more...
Illustration: EU-Mexico trade relations
European Parliament to Vote on EU-Mexico Trade Agreement This Week
The European Parliament is set to vote this week on the modernized EU-Mexico trade agreement, which would eliminate 95 percent of Mexico's remaining high tariffs on EU agricultural exports. Read more...
USDA Launches $500 Million FIELDS Program to Expand Fertilizer Production, Applications Due August 17
USDA Launches $500 Million FIELDS Program to Expand Fertilizer Production, Applications Due August 17
Individual grants top out at $100 million, and the application window runs through mid-August. Read more...