Widow-of-ten Marima Wadisha screamed, threw rocks and in her desperation even fired bullets at the locusts that descended on her sorghum fields in northeast Ethiopia. But the insect swarms were so relentless that her entire crop - her family's only source of income - was destroyed. "They never left for a week.
Orbia, an online farm products trade platform majority owned by Germany's Bayer AG, is betting that a deal with U.S. grain merchant Bunge Ltd (BG) will pave the way for a planned international foray, Chief Executive Ivan Moreno said on Monday.
U.S. President Donald Trump is assuring a bumper year for farmers as the Nov. 3 election approaches, with record government subsidies projected to make up more than a third of farm income in 2020. The aid programs could be key to Trump's chances of success in swing states such as Wisconsin, Ohio, Iowa and Minnesota.
- A U.S. federal judge has struck down a Trump administration rule that would have cut food stamp benefits to almost 700,000 unemployed Americans amidst the COVID-19 pandemic, court documents showed. The judge, in a court filing, said the U.S. Department of Agriculture has been "icily silent" about how many people would have been denied the benefits with the changes.
* 14% of oil refineries in advanced economies risk closure -IEA. * Energy firms plan to boost biofuel capacity. * With U.S. refiners also growing output, profits could narrow. * GRAPHIC: Biofuels race https://tmsnrt.rs/2HbnhhA. By Ron Bousso and Laura Sanicola.
Syria needs to import between 180,000 tonnes and 200,000 tonnes of wheat a month, the economy minister was cited as saying on Sunday, blaming a shortfall on "militias" preventing farmers from selling their wheat to the state. Mohamed Samer al-Khalil was quoted in al-Watan newspaper as saying the imports would cost about $400 million but did not clarify a timeframe for spending that figure.
U.S. wheat futures hit a near 6-year high on Friday, as dry weather in key global producing regions raised supply concerns, pushing the grain towards its third straight weekly gain of about 4.5%. FUNDAMENTALS. * The most active wheat futures contract on the Chicago Board Of Trade was up about 4.5% for the week so far, on track for its third straight weekly gain.
* Soybeans rise on Chinese buying, Brazil dryness. By Naveen Thukral and Maytaal Angel. Chicago soybeans steadied on Thursday following two days of gains that came amid continued strong demand from China and dry weather in Brazil. Corn was flat after hitting its highest in a year, while wheat futures gained more ground. "It is the same story for the soybean market for around a month now.
U.S. soybeans rose for a third straight session on Thursday as strong demand from China, the world's largest importer, underpinned prices. FUNDAMENTALS. * The most active soybean futures on the Chicago Board Of Trade were up 0.4% at $10.60-3/4 a bushel by 0109 GMT, after gaining 1.2% on Wednesday.
Americans are drinking just as much coffee during the pandemic, as often as before, but at home instead of in coffee shops and restaurants, a poll released on Wednesday showed. Online purchases have jumped by 57% as coffee buyers cut back on trips to the supermarket, according to the survey commissioned by the National Coffee Association.
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