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U.S., China accelerate beef talks

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tagged beef exports beef market beta agonists Brazil Canadian beef China Optaflexx U.S. beef USDA
Chicago | Reuters -- Talks on restarting U.S. beef exports to China are moving fast and final details should be in place by early June, the U.S. Department of Agriculture said on Friday, allowing U.S. farmers to vie for business that has been lost by rival Brazil. As part of a trade deal, U.S. ranchers are set to face tests over the use of growth-promoting drugs to raise cattle destined for export to China and to log the animals' movements, according to USDA. The two sides are…
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U.S. grains: Corn, soybeans rise after rains

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tagged cbot closing markets corn futures Midwest rains soybean futures wheat futures
Chicago | Reuters -- Chicago Board of Trade corn and soybean futures rose on Monday morning, supported by concerns that rain will delay field work in key growing areas and may damage some recently seeded crops, traders said. "Grain futures are trying to start the week higher across the board following a soggy weekend across most of the Midwest," Farm Futures senior analyst Bryce Knorr said in a note to clients. Corn futures hit their highest level in three weeks. Wheat futures…
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Quebec sets up single line for flooded farmers

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tagged FADQ farms flooding Lanaudiere Laurentides Lessard MAPAQ Mauricie Monteregie Outaouais planting quebec
Quebec farmers whose operations have been hit by flooding in recent weeks will have a single number to call for provincial support starting Tuesday. The province's agriculture ministry (MAPAQ), public security ministry (MSP) and ag lending agency, la Financiere agricole du Quebec (FADQ) on Friday announced a "concerted effort" to manage supports for flood-affected farms. Affected producers are asked, starting Tuesday (May 23), to call FADQ toll-free at 1-800-749-3646. Where needed, the…
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‘Doomsday’ seed vault entrance repaired after thaw of Arctic ice

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tagged climate change doomsday Global Seed Vault North Pole Norway seed vault Svalbard
Oslo | Reuters -- Norway is repairing the entrance of a "doomsday" seed vault on an Arctic island after an unexpected thaw of permafrost let water into a building meant as a deep freeze to safeguard the world's food supplies. The water, limited to the 15-metre entrance hall in the melt late last year, had no impact on millions of seeds of crops including rice, maize, potatoes and wheat that are stored more than 110 metres inside the mountainside. Still, water was an unexpected…
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Regional-level biosecurity urged against PED in Manitoba

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tagged animal movements biosecurity manitoba PED porcine epidemic diarrhea service providers veterinarians
Producers in southeastern Manitoba's "hog alley" are being urged to keep animal movements to a minimum and limit contact with hog operations in an area that's seen five on-farm cases of porcine epidemic diarrhea (PED) this month. The province's chief veterinary officer on Thursday confirmed positive test results for PED at a sow operation in the same area as the four most recently confirmed PED-positive farms. The provincial ag department's emergency operation centre is "continuing to…
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Take time to judge frost damage on canola

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tagged canola cotyledon first leaf frost heavy frost hypocotyl light frost reseeding seedlings
After temperatures Thursday dropped as low as -5 C in parts of Manitoba and Saskatchewan, growers who've already seeded may be wondering whether emerging canola plants have survived. It's best not to write off those seedlings right away, according to the Canola Council of Canada in a Canola Watch newsletter on Friday. It can take a few days to accurately determine how many…
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Canada’s canola stocks drop beneath ‘low’ line

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tagged canadian grain commission canola exports canola stocks canola supplies farmer deliveries
CNS Canada -- Canola supplies in commercial hands in Western Canada dropped below one million tonnes during the week ended Sunday, hitting only 854,600 tonnes, according to the latest Canadian Grain Commission report. Visible canola stocks are typically considered low whenever they move below one million tonnes. Current supplies on hand are the smallest since September 2016, and compare with 1.05 million the previous week. Farmer deliveries during the latest reporting period came…
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U.S. livestock: Hogs, cattle rise on technical buying

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tagged cattle futures closing markets CME feeder cattle hog futures lean hogs live cattle wholesale prices
Chicago | Reuters -- U.S. cattle and hog futures gained about one per cent on Friday, lifted by technical buying despite declines this week in wholesale prices for beef and pork, traders and analysts said. Live cattle gained for the second straight session as futures continued to recover from the roughly two-week low reached on Tuesday. Lean hogs hovered near Wednesday's three-month highs. "Lean hog futures are showing little direction in thin, choppy pre-weekend trading as chart…
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JBS brothers test dealmaking skills in Brazil plea deal showdown

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tagged BNDES bribes Brooks JBS Joesley Batista Michel Temer Pilgrim's Pride plea deal Swift Wesley Batista
Sao Paulo/Washington | Reuters -- The brothers whose deft dealmaking helped build JBS SA into the world's No. 1 meat processor are testing that talent like never before as they seek a leniency deal with prosecutors after admitting to paying millions of dollars in bribes to Brazilian politicians. JBS and its controlling shareholder J+F Investimentos, a sprawling conglomerate led by billionaires Joesley and Wesley Batista, are pressuring prosecutors to accept what would likely be the…
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Brazil watchdog opens new probes into JBS-related insider trading

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tagged Brazil Brazilian real bribes CVM JBS Temer trades
Sao Paulo | Reuters -- Brazil's securities regulator said it launched four new probes against meatpacker JBS SA and other companies controlled by J+F Investimentos on Friday to investigate suspicious trades made before markets were rattled by the revelation of a plea deal by the company's top executives. In a statement late on Friday, CVM said it is investigating "signs of possible insider trading" of foreign exchange futures, derivatives and JBS stock ordered by meatpacker JBS SA,…
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