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Carryover grain and the commodity market is going to be a factor for storing this fall’s crop.
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By Sharay Angulo
MONTERREY, Mexico, Oct 9 (Reuters) - Less than half the
trucks exported from Navistar's mammoth Escobedo plant
in Mexico are sold in North America but the factory's success
remains tightly tied to the uncertain future of the region's
NAFTA free trade deal.
By Anthony Boadle and Lisandra Paraguassu
BRASILIA, Oct 9 (Reuters) - Agricultural powerhouse Brazil
aims to revive ties with Africa after a lull and sees a vast
export market for food and manufactured goods in a continent
whose population is surging, its foreign minister said.
(Recasts; updates prices, adds quotes, changes byline, changes
dateline from previous PARIS/SINGAPORE)
By Julie Ingwersen
CHICAGO, Oct 9 (Reuters) - Chicago wheat futures fell to a
near three-week low on Monday on plentiful global inventories
and weak demand for U.S. supplies, analysts said.
Soybeans turned down after touching a two-week high and corn
drifted lower on a day when U.S. government offices, including
the Department of Agriculture, were closed for the Columbus Day
The so-called digital divide between rural and urban areas is narrowing, with the result that farmers are nearly as likely as their city neighbors to have internet access.
After back-to-back records in soybean production, farmers are likely to plant more corn in 2018, possibly enough for the second-largest corn crop ever, says a University of Missouri think tank.
SAO PAULO, Oct 9 (Reuters) - The absence of regular rains in
the Mid-West and Southeast of Brazil will hamper soy planting
this week but moisture will return to states like Mato Grosso
over the coming days, according to a forecast by Rural Clima on
Soy farmers will need "patience" and should proceed "with
caution" as irregular rains prevail, said Marco Antonio dos
Santos, founder of Rural Clima. Rains should return at the end
of this week and next week.
By Jarrett Renshaw
TRAINER, Pa, Oct 9 (Reuters) - Oil refinery workers,
executives and local politicians gathered near Philadelphia on
Monday to urge the White House revamp the nation's renewable
fuels program, arguing the future of their plants are at stake.
The U.S. renewable fuel program requires higher levels of
ethanol and other biofuels to be blended into the nation's fuel
pool, a requirement pitting the oil industry against the
powerful farm lobby.
NEW YORK/CHICAGO, Oct 9 (Reuters) - Adecoagro SA sees a
long-term opportunity in the Trump administration's call for a
renegotiation of NAFTA, spying a chance for corn, rice and other
crops it produces in Argentina and Brazil to find a market in
Mexico, its CEO said.
Farming and agricultural processing firm Adecoagro
has shipped cargoes of corn and rice to Mexico from South
America in the past few months, Chief Executive Officer Mariano
Bosch said to Reuters on Monday, in an interview during the
Reuters Global Commodities Summit.
The good news is that a breeding herd expansion of about 1% is sustainable.