August 05, 2016

05/08/2016: Oilseed & Grain news

Brazil’s soy acreage growth slowest in ten years
Although the expansion of soybean acreage is at its lowest in a decade, Brazil’s soybean area is still on pace to reach a new record of 33.9 million hectares (83.7 million acres) – up from 33.2 million hectares this season according to an average of forecasts.

Australian market segregation of non-GMO canola yields $375M
Such infrastructure has enabled growers and those in the delivery supply chain to capture non-GMO premium prices estimated to be $25 per ton over traditional varieties since 2010, for a total boost of $375 million.

Manitoba’s port of Churchill closes unexpectedly
Canada’s only deep sea Arctic port, that ships an average 514,000 tons of grain between late July and mid-November each year, has been unexpectedly closed by its owner, OmniTrax.

Agrium invests in agtech fund
The announcement of the company’s investment in Finistere Ventures Fund II is a parallel development with the company’s goal of securing a 25 percent market share in the US through the construction or acquisition of ag-retail stores.

Scientists develop ‘bioforitifed’ canola
Scientists at Dow AgroSciences have reportedly developed a canola seed that results in a plant that produces docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA), the two long-chain polyunsaturated omega-3 fatty acids normally found in fish.

France to see worst wheat yields in thirty years
The top wheat producing country in the EU will likely see average yields in the area of 5.5 tons per hectare – 24 percent below the country’s five year average and the lowest since 1986.
       
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Image: John Tann
Canada approves farmed maggots for chicken feed
The Canadian Food Inspection Agency is the first North American regulatory agency to approve whole dried larvae as an ingredient in chicken feed.

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