Australia’s ABARES raised its forecast for national wheat production this season by around 1.8 million tonnes to 35.6 million tonnes, cementing expectations for a bumper harvest that will add to abundant global supply and pressure prices.
Australia raises wheat harvest estimate by nearly two million tonnes
Spain deploys military to contain African swine fever near Barcelona
Spain has called in its military to help contain an outbreak of African swine fever near Barcelona, a move aimed at protecting the country’s multi-billion-euro pork export industry.
U.S. livestock: Chicago cattle futures climb on post-Thanksgiving trade
Chicago | Reuters – Chicago Mercantile Exchange’s live and feeder cattle futures ticked up on Friday in a day of abbreviated post-holiday trade. Feeder cattle futures recovered late in the week from limit-down losses on Monday, rebounding after a string of negative headlines. CME February live cattle futures LCG26 closed up 4.925 cents at 217.850 […] Read more
U.S. grains: Corn futures set June high on US export demand
Chicago | Reuters – Chicago Board of Trade corn futures reached their highest level since early June on Friday on U.S. export demand, while soybean futures also rose. In a daily reporting system, the U.S. Department of Agriculture said exporters sold 273,988 metric tons of U.S. corn to unknown buyers for 2025-26 delivery. The agency […] Read more
India-Canada trade deal could guarantee some Canadian pulse sales, envoy says
India’s government is considering guaranteeing Canada ongoing pulse crop sales so its farmers keep growing the vital protein source, Indian High Commissioner to Canada Dinesh Patnaik said during a visit to Saskatchewan.
Europe, North America face early wave of bird flu cases
An unusually early outbreak of bird flu cases affecting high numbers of wild birds and poultry farms across Europe and North America is raising concerns of a repeat of previous crises that led to mass culling and food price spikes.
Spain reports first swine fever case in three decades, jeopardizing exports to China
African swine fever has returned to Spain for the first time in three decades after two wild boar found dead near Barcelona tested positive for the virus.
Bird flu virus could risk pandemic worse than COVID if it mutates, France’s Institut Pasteur says
The bird flu virus that has been spreading among wild birds, poultry and mammals could lead to a pandemic worse than COVID-19 if it mutates to transmit between humans, the head of France’s Institut Pasteur respiratory infections centre said.
U.S. grains: Chicago grains firm as traders gauge China purchases
Chicago | Reuters – Chicago soybean futures ticked up on Wednesday as traders eyed Chinese purchases of U.S. beans under a bilateral trade truce and adjusted positions before the U.S. Thanksgiving holiday, analysts said. The oilseed market remained underpinned by indications of Chinese demand, with traders telling Reuters that China bought at least 10 cargoes […] Read more
Deere forecasts weak annual profit on tariff hit
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Deere & Co forecast an annual profit below estimates on Wednesday, pressured by tariff impacts and weaker margins from its large tractors, sending the farm-equipment maker’s shares down nearly five per cent.