BASF announced it’s halting the development of hybrid wheat in North America, a move NAWG fears could ultimately drive wheat acres out of the U.S., unless more public and private investments into R&D are made.

By requesting consultations, the U.S. Trade Representative began a process to come to a settlement on ag biotechnology imports to Mexico. If a settlement is not reached, the issue will move to a full-blown trade dispute.

Besides record wheat production, the canola crop was also the largest ever and barley production was the third highest.

Soybeans up with new highs in meal, but wheat is pulling down the corn. Cattle higher with strong cash, but hogs can’t get traction with lagging cash and cutouts. Mark Schultz with Northstar Commodity has more.

Technical selling in corn & wheat, report positioning and hope on the Black Sea Export deal. Soybeans rebound w/meal making new highs on Argentina crop concerns. Cattle up with strong cash. Profit taking in hogs.

Brazil became the second country in the world after Argentina to approve planting of GMO wheat, following a decision by the nation’s biosecurity agency CTNbio.