USDA will alter how it reports soybean oil use by biofuels producers beginning with its monthly World Agriculture Supply & Demand Estimates (WASDE) report in May, a USDA spokesperson told Reuters.
Canada’s Nutrien Ltd, the world’s largest fertilizer producer by capacity, said on Thursday it aimed to cut greenhouse gas emissions by at least 30% by 2030, in a plan costing the company up to $700 million.
World food prices rose for a 10th consecutive month in March, hitting their highest level since June 2014, led by jumps in vegetable oils, meat and dairy indices, the United Nations food agency said on Thursday.
Cotton futures rose on Wednesday supported by concerns that dry weather in West Texas, the largest U.S cotton-producing region, may weigh on U.S supplies of the crop.
USDA’s Foreign Agricultural Service forecasts Brazilian producers will expand soybean planted area to reach 40 million hectares in the 2021/22 season, up from the estimated 38.5 million ha planted in the 2020/21 season
The U.S. Agriculture Department likely rated the U.S. winter wheat crop as 53% good to excellent, according to an average of estimates given by nine analysts in a Reuters survey ahead of a government report on Monday.
A wave of ASF outbreaks this year has wiped out at least 20% of the breeding herd in northern China, industry sources said, exceeding expected losses and raising fears about the potential impact in the south.
Cotton futures slumped more than 3% on Thursday as a U.S. government report showed a sharp slide in weekly export sales, putting prices of the natural fiber on course for their third straight weekly decline.
Archer Daniels Midland said on Thursday it would restart ethanol production at two of its U.S. corn dry mills this year, as the grains trader expects demand for the biofuel to rebound from a pandemic-led slump.
