At least five merchant vessels carrying food are stuck off Yemen, shipping data showed on Wednesday, as warships from a Saudi-led coalition search them for weapons bound for Iran-allied Houthi rebel forces, with delays adding to a humanitarian crisis.
If you’re a lentil grower, you’ve just had the best marketing winter of your career.
You probably had an OK yield but, with all the rain at harvest, you probably harvested your worst-quality crop. Here’s where everything worked. Demand has been red-hot, including for product that, in another year, might have been destined for the feed market.
Soybeans in Manitoba are flat, trading about where they were in January.
Buyers price off Chicago Board of Trade futures, and they had a minor run in February so there were slightly better prices available for a while. Delmar International Inc. is paying 30 cents over May, putting it at $10.10 the morning of March 24, while elevators are about $9.80 per bushel.
WINNIPEG, Manitoba — Flax continues to have a good market. Legumex is paying $14.50 per bushel delivered in Winkler, Manitoba. Elevators are about $13.50. Compared with canola, flax is on the expensive side.
Plans by Indonesia’s new president to make the nation self-sufficient in foods such as beef are showing signs of backfiring, with a major industry group warning prices for the meat could soar 50 percent in the next few months.
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.
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