Indian Prime Minister Narendra Modi has taken several pro-farmer but inflation-stoking measures in recent months, such as easing curbs on rice and onion exports, but that may not prove enough for him to sway an election on Wednesday in a key state.
Ukraine's wheat harvest may increase to up to 25 million metric tons next year from an expected 22 million tons this year thanks to a larger sowing area, the first deputy agriculture minister Taras Vysotskiy told Reuters in an interview.
U.S. wheat futures climbed on Monday after the White House lifted restrictions that had blocked Ukraine from using U.S. missiles to strike deep within Russia, sparking concerns of an escalating war in the Black Sea breadbasket region.
Global grain trader Archer-Daniels-Midland posted a drop in third-quarter profit on Monday and said in its delayed filing that it has revised its calculation of total segment operating profit.
Stony Plain, Alta. grain broker Agfinity laid off employees and started the process of declaring bankruptcy in mid-October, according to former employees. Three former employees are working at launching a new brokerage firm, Grain Gateway Canada, but have run into some strangeness online.
Chicago Board of Trade soy futures rallied on Friday after China said it would cut its export incentives for used cooking oil, a move that could curtail the flood of imports into the U.S., market analysts said.
Argentina's Buenos Aires grains exchange said on Thursday that soybean planting had progressed very smoothly over the past week, following abundant rainfall across key parts of the major grains supplier's agricultural heartlands.
Chicago Board of Trade soybean and corn futures fell for a fourth straight day, as traders worried that biofuel policy changes under the incoming U.S. presidential administration of Republican Donald Trump would chill domestic demand.
Archer-Daniels-Midland Co's chief compliance officer, Ben Bard, is leaving the company early next year for personal reasons, the company said on Wednesday. The news comes one day after the global grain trader, which has been embroiled in controversy over its accounting practices, sought an extension from the U.S. Securities and Exchange Commission to file its third quarter financial report because it could not meet the deadline.