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In the heart of Canada’s bread basket, a Richardson International Ltd. processing plant stands as a testament to what may be the country’s most successful agricultural experiment.
Too much supply even with record peanut butter, snack demand.
Broader trade talks have moved slowly amid political spats.
Canada supplies half of oats used in U.S. snack bars, cereals.
Consumers in New York and California sued PepsiCo Inc.’s Quaker Oats for false advertising over claims that the brand’s signature product contains a possible carcinogen that is not listed as an ingredient.
The monsoon’s revival from mid-July has boosted India’s rice and soybean crops, curbing food price gains and easing concerns of shortages.
Rice farmer Boontham Chei-pa switches on a water pump in the evenings to irrigate his parched field from a canal in Thailand’s central province of Suphanburi.
A rice glut that sent prices slumping more than a year ago is shrinking, just as El Nino arrives to parch paddies across Asia.
The drop in soybean oil prices shrank its premium over processed palm olein to $50/ton. That spread needs to bounce back to $70 for palm to regain market share.
Oat futures for delivery in March fell 1 percent to close at $3.09 a bushel at 1:15 p.m.