Archived Posts

News Flash: April 21, 2016

INDUSTRY


GMA Calls on Senate to Stand Up for Agricultural Biotechnology to Protect Farmers and Consumers
Pamela G. Bailey, president and CEO of the Grocery Manufacturers Association (GMA), today said that unless Congress passes a uniform national law on disclosure of genetically engineered food ingredients, stigmatization from on-package labels will lead to increased consumer costs and confusion and a paradigm shift in agriculture away from biotech crops. PR Newswire

FDA’s 2016 Food Agenda Prioritizes FSMA, Product Labeling, GRAS, GMOs
FDA’s Center for Food Safety and Applied Nutrition is plowing ahead with an ambitious and wide-ranging agenda for the remainder of 2016 without pause after knocking out five final or proposed rules related to food safety and nutrition in just as many weeks. Food Navigator

BIOFUEL


Australian Biofuels Could Transform Airline Industry and Create Jobs
This week Virgin Australia and Air New Zealand held a conference with the biofuel industry after joining forces to investigate options for locally produced biojet fuel for their domestic and international routes. The Guardian

CANOLA


North American Grain/Oilseeds Review – Canola Follows US Soy Higher
The ICE Futures Canada canola market finished stronger on Tuesday, taking strength from gains in the US soy complex. Prices were also bolstered by advances in Malaysian palm oil and crude oil. Some parts of Alberta and Saskatchewan are too dry right now which contributed to the upside, according to reports. Grain News

CORN


US Corn Planting Gathers Momentum
Corn planting has started across the US, the rate of which is ahead of the five year average, finds the USDA. A majority of the 18 states responsible for 93% of last year’s corn crop have seen planting start, according to the US Department of Agriculture’s (USDA) Crop Progress Report released yesterday. Feed Navigator

South Africa Imports U.S. White Maize for First Time Since 2004
South Africa imported white maize from the United States last week for the first time since 2004, the country’s Grain Information Service (SAGIS) said on Tuesday. Yahoo News

PALM


Malaysian Palm Oil Price Hits Strongest Levels in Nearly 2 Weeks
Malaysian palm oil futures rose for a third consecutive day on Wednesday, tracking a rally in alternative vegetable oils to reach a near two-week high. Palm has gained 1.7 percent so far this week after falling for two weeks. The Star

SOYBEAN


Soy Meal to Drive Soybean Market Even Higher?
After a $1.60-per-bushel rally, it’s natural to wonder if this soybean market has any more upside. The short answer is yes, but will the leader to keep the flat soybean futures price up fall upon the soy meal side of the soybean complex? Successful Farming