With a population of 1.3 billion and a small agricultural area relative to its population, China is the hope for an export-led prosperity for grain and oilseed farmers in the major agricultural exporting nations.
The early consensus on the weekend frost is that minimal damage was done to newly planted oats.
Russian meat producer Cherkizovo's net profit fell 7.7 percent in the first quarter to 2 billion rubles ($42 million) because of a one-off gain in the first quarter of 2014, it said on Friday.
Packaged foods maker Campbell Soup Co. reported a better-than-expected quarterly profit, helped by lower promotions, higher selling prices and cost cuts. Shares of the company, known for its soups, Pepperidge Farm cookies and Goldfish crackers, rose 1.5 percent in premarket trading on Friday.RELATED CONTENT
Wheat started the week on the defense, but turned to end the week with strong gains. The corn market made a small bounce off its seven-month lows made the week before last, with the strength in the wheat complex. As of the May 14 close, July soybeans were 19.25 cents lower for the week while November soybeans were down 15 cents. At 10 a.m. May 14, July soybeans were down 0.75 cents and the November contract was up 0.75 cents.RELATED CONTENT
You can probably still get $13.50 per bushel for flax delivered to Manitoba plants and elevators, but not for long. Asian demand is sated. There are 100,000 metric tons of flax sitting at port positions in China and two vessels en route. Assume that Chinese demand, for the moment at least, is dead.
Thailand surprisingly reported quarterly growth for the first three months of 2015 but the economy is still stumbling one year after the army took power.RELATED CONTENT
Russia's government said on Friday it had decided to lift a wheat export duty. On its Twitter feed, the government said: "The decision has been taken about the abolition of the export duty on wheat."
Tighter controls imposed by Taiwan on Japanese food imports would be temporary and were aimed at uncovering the mislabeling of goods from regions hit by the 2011 Fukushima nuclear disaster, Taiwan's president said Monday.
Timely rains turn things around for growers, a new generation faces the challenges and demands of the family farm, and an NDSU student builds a tiny tractor for a competition. Don't miss this week's episode of AgweekTV.RELATED CONTENT
Let’s suppose you are trying to bring a friend around to your point of view. Would you tell her she’s emotional, illogical, outdated and not very smart? Would you complain that he’s being dishonest, fabricating falsehoods and denying reality with his knee-jerk response?
Wholesale U.S. choice-grade beef hit an all-time high on Thursday, spurred by supermarkets stocking up on tight supplies for the May 25 Memorial Day holiday, the kickoff of the summer grilling season, traders and analysts said.RELATED CONTENT
Legislation key to sealing a Pacific trade pact passed a major test in the U.S. Senate on Thursday in a boost to a deal that is central to President Barack Obama's strategic shift toward Asia.
U.S. senators on Thursday backed tough new rules against currency manipulation ahead of an important test vote that holds the key to completing a Pacific Rim trade deal, the backbone of the Obama administration's pivot to Asia.
Brazil is “closer than it had ever been” to exporting fresh beef to the U.S., the chief executive of Brazilian meat packer JBS SA said on Thursday, adding he expects shipments to start later this year.