An unprecedented heat wave and drought in the Pacific Northwest is damaging white wheat coveted by Asian buyers and forcing fruit farm workers to harvest in the night to salvage crops and avoid deadly heat.
President Biden will order U.S. transportation agencies to address competition in rail and sea shipping in an effort to lower the costs of shipping goods for companies, a source told Reuters on Thursday.
Corn harvesting in Argentina advanced by 3.4 points to reach 56% of planted area, the Buenos Aires Grains Exchange said in a report on Thursday, keeping its crop estimate unchanged at 48 million tonnes for 2020/2021.
U.S. President Joe Biden wants the Federal Trade Commission to limit the ability of farm equipment manufacturers to restrict tractor owners from using independent repair shops or complete some repairs on their own.
U.S. corn exports toppled records in recent months with elevated shipments to China. A continued strong pace plus a few more sales in the coming weeks will officially cap off the country’s best-ever marketing year.
Chicago Board of Trade corn and soybean futures rose to their highest since mid-June on Thursday, with traders noting continued support from a U.S. government report that showed spring plantings fell below expectations.
The U.S. Supreme Court on Friday bolstered a bid by small oil refineries to seek exemptions from a federal law requiring increasing levels of ethanol and other renewable fuels to be blended into their products.
A U.S. federal judge on Wednesday temporarily blocked a part of the Biden administration’s federal stimulus relief package that forgave agricultural debts to farmers of color.
China will strengthen price controls on iron ore, copper, corn and other major commodities in its 14th five-year plan for 2021 to 2025 to address abnormal fluctuations in prices, the state planner said on Tuesday.
A U.S. judge rejected Bayer’s $2 billion class action proposal to resolve future lawsuits alleging its Roundup weedkiller causes cancer, saying in a Wednesday order that parts of the plan were “clearly unreasonable.”
