Tariff aid focus on U.S. soybean farmers disappoints corn farmers

USDA announced more details on financial aid to farmers hurt by trades disputes. Direct payments to growers will total $4.7 billion, with $3.7 billion for soybean farmers, who will receive $1.65 per bushel on 50 percent of their projected production. For comparison, payments for [...]

Ghana & Ivory Coast cooperate to fight cocoa disease

In response to the spread of swollen shoot disease (CSSVD), over half a million hectares of trees could be cleared in Ghana; another 100,000 hectares would be cleared in Ivory Coast, at least initially. The African Development bank (AfDB) is reportedly still willing to [...]

China will continue its ethanol strategy

The Chinese government recently restated its plan to formulate all automotive gasoline with 10 percent ethanol by 2020. China will promote the use of ethanol in 13 regions this year, including Beijing. Under this plan, the government plans to reduce its massive corn stockpiles, [...]

Canada’s July canola crush set record for the month

COPA reports that over 838,000 MT of canola oilseed were crushed in July, up 12 percent from July 2017. The crush volume was a record for July and near the all-time record of 871,000 MT set last October. Canola oil production, at 379,300 MT, [...]

Rains bolster cocoa outlook for Ivory Coast & Ghana

For top-producers Ivory Coast and Ghana, heavier precipitation across cocoa growing regions reported in the last week should help pod setting and growth. Of course, if rains are too heavy, there could be a risk of damage to flowers and pods that would otherwise [...]

For the first time, Brazil may plant more soybeans than the U.S.

Brazilian farmers are getting ready to plant soybeans in September, and the government expects higher plantings once again. Analysts estimate the planting of around 36.3 million hectares (89.7 million acres), surpassing U.S. plantings for the first time. Brazil’s soybean plantings have been expanding at [...]