China urged its banks to speed up lending to agriculture, the country’s banking regulator said on Tuesday, in an effort to bolster a sector that employs almost one third of its 1.4 billion people, but remains in desperate need of funding.
The most important U.S. agricultural delegation to visit Cuba in more than a decade began three days of meetings on Monday, hoping to find potential business partners and urge the U.S. Congress to lift the trade embargo against the Caribbean nation.
The American Pulse Association and U.S. Dry Pea and Lentil Council say proposed federal dietary guidelines don’t fully reflect the nutritional benefits of pulse crops and could prompt Americans to eat less of them.
Officials in both Russia and Ukraine are considering tougher trade protections to keep food prices from spiraling as their currencies collapse, with Moscow taking more aggressive steps than Kiev to control exports.
A “farmer” who plants seeds that don’t grow in the same way for years is “probably not a farmer,” Cargill Inc. Vice President Devry Boughner Vorwerk told a Monday summit on restoring relations with Cuba.
Wheat slipped lower last week as traders continue to show concerns about slow export demand. It was a short trading week, as the markets were closed Feb. 16 in observance of President’s Day. For the week ending Feb. 19, March Minneapolis lost 13 cents, March Chicago dropped 5.25 cents and March Kansas City gave back 17.75 cents.RELATED CONTENT
WINNIPEG, Manitoba — The three different mustards have distinctly different markets. Yellow is hot. Western Canadian farmers grew a larger crop last year than the year before, and most was yellow. Prices fell hard after harvest but have been on the upswing since, and new-crop prices are even higher. Trade is brisk. Farmers are selling and processors are busy. Yellow bids range between 33.5 to 36 cents per pound. Most, but not all, processors are buying.
U.S. beef exports will decline in 2015, as tight supplies, high prices and a strong dollar constrict demand from buyers holding other currencies, the U.S. Department of Agriculture says.
U.S. Labor Secretary Tom Perez on Tuesday urged shipping company executives and union leaders for 20,000 dockworkers to settle a contract dispute that has led to months of clogged cargo traffic and other disruptions at 29 West Coast ports.RELATED CONTENT
Three U.S. Democratic senators visiting Havana said on Tuesday there could be enough Republicans who support lifting a trade embargo on Cuba to dismantle it in Congress.RELATED CONTENT
For the week ending Feb. 12, March Minneapolis lost 2.75 cents, March Chicago lost 5.75 cents, and March Kansas City lost 7.75 cents. As of 10 a.m. Feb. 13, wheat trade was up 4 to 8 cents.RELATED CONTENT
WINNIPEG, Manitoba — Lentil markets remain red-hot. It’s a gift, considering the poor quality. The year started out looking heavy, with 2014 plantings way up from 2013, but it was a tough production year, both quantity and quality.
U.S. wheat ending stocks for 2014 to ’15 are projected to increase 5 million bushels, as reduced exports more than offset an import reduction. Projected imports decreased 20 million bushels to 160 million on pace to date.