Soybean processors and soyoil refiners in China are facing growing consumer resistance to purchasing soyoil from biotech soybeans, which could also have ramifications for the government as well as ChemChina. Monsanto Wins EPA Approval of New Nematicide Monsanto today announced it had a new nematicide approved by the EPA. The product is tioxazafen, which will be branded as NemaStrike™ Technology and used to control nematodes in corn, soybeans and cotton. Nematodes are microscopic worms in the soil that feed on the roots of plants and cause yield losses. Monsanto estimates those losses to be up to 14 percent globally with a value of $80-100 billion.The company tested the new nematicide in field trials over the past three years. It found tha...
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What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...