Archived Posts

News Flash: August 6, 2015

INDUSTRY

Oilseed acreage up 33% due to progressive monsoon

Sowing area under oilseed crops has increased by about 33 per cent in current kharif season due to good progress of monsoon. The rise is led by soybean acreage followed by groundnut and sesame seed across India. Timely advent of monsoon followed by good progress pushed up sowing across the nation. Moreover, farmers received good returns in groundnut, sesame and soybean during the year due to lower production which also encouraged farmers of Gujarat, Maharashtra and Rajasthan to shift more towards oilseed crops. Business Standard

Food Industry Asks FDA to Keep Artificial Trans Fat

The food industry is fighting to preserve its use of artificial trans-fat in a wide variety of foods. A food additive petition filed by the Grocery Manufacturers Association is asking the Food and Drug Administration for formal approval to use small, sometimes even negligible amounts of partially hydrogenated oil in some foods, such as pancake mixes. If the petition were granted, it would not result in foods that contain several grams of artificial trans-fat per serving. Center for Science in Public Interest

BIOFUEL

University of Florida IFAS researchers turn seed into jet fuel for Navy and crops into cash for farmers

Imagine jet fuel made from a crop that’s renewable, brings in income and can feed cattle. Researchers at the University of Florida Institute of Food and Agricultural Sciences have found a way to turn Ethiopian mustard seed into a winning solution for local farmers and the United States Navy. UF/IFAS plant pathologist Jim Marois is leading the effort to make the jet fuel from seed. “It’s renewable, does not have to be blended as with other biofuels and it’s not harmful to the environment,” said Marois, who is stationed at the North Florida Research and Education Center in Quincy, Florida. SeedQuest

CANOLA

ICE Canola Lower With Currency Action

Canola contracts on the ICE Futures Canada platform were lower at 10:45 CDT Wednesday in light-volume trade, as pressure from currency issues sparked some speculative selling, according to a trader. The Canadian dollar was higher relative to its US counterpart which made canola less attractive to out-of-country buyers and domestic crushers. “We’re back under the 50-day moving average, the pop from the Canadian dollar may have brought some early selling in,” said the trader. Grain News

Alberta’s multibillion-dollar canola industry faces growing threat

New research shows canola varieties previously able to resist a nasty fungus threatening Alberta’s $3.2-billion annual canola industry are becoming infected with nine virulent new strains of clubroot. Alberta farmers thought they had clubroot under control. The nasty soil-borne disease that kills canola plants and leaves their roots covered in gnarled growths has existed elsewhere for centuries. It first popped up in Alberta in the early 2000s. Edmonton Journal

CORN

DuPont Pioneer advances next generation of corn products – Pioneer brand Qrome products feature exclusive technology to unlock yield potential in elite Pioneer brand genetics

DuPont Pioneer announced today that it will advance its new line-up of corn offerings to stewarded on-farm trials in 2016 as newly branded, Pioneer® brand Qrome™ products. The high-yielding corn products, previously identified on the research and development pipeline as event DP 4114, will be equipped with proven insect protection and strong agronomics to deliver maximum on-farm performance. “The new line-up of Pioneer® brand Qrome™ corn products help deliver improved yields and the strength of pyramided insect protection to a wider array of hybrid platforms,” said Steve Reno, DuPont Pioneer vice president and regional business director for the United States and Canada. SeedQuest

PALM

A Green Light for Red Palm Oil as Health Aid?

The health claim states that red palm oil, a deep orange fat pressed from the palm tree fruit, is a super food, packed with healthy antioxidants and good for the heart, say companies who sell it. The verdict finds that the colorful oil is rich in tocotrienols, nutrients in the vitamin E family, and carotenoids, which the body converts into vitamin A. Several studies suggest possible benefits in stroke and liver disease from vitamin extracts made from the oil, but so far there isn’t proof that consuming the oil can ward off disease, scientists say. Wall Street Journal

SOYBEAN

U.S. Grains, Soybeans Slide Amid Benevolent Weather

U.S. grain and soybean futures declined Monday, falling due to forecasts for largely favorable weather in the U.S. Midwest. Corn prices dropped to a more than 5-week low, pressured by a generally benign weather outlook in the U.S. crop belt after drenching rains saturated fields earlier in the summer. Normal to below-normal temperatures this week will limit crop stress, with scattered rain showers benefiting crops as well, analysts said. As a result, many market participants now are betting on better-than-expected corn yields for the autumn harvest. NASDAQ