Lumpy skin disease is really impacting the cattle industry in France. However, the country says that outbreak is now under control, even as angry farmers continue to protest across the country.
The disease is spread by insects, and can devastate herds and trade.
Farmers have blocked highways with tractors and dumped manure, opposing rules that require entire herds to be culled after an outbreak. France’s Ag Minister defended the policy to prevent massive losses, but says that there are currently no active cases. The country is expanding vaccination efforts.
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Expect choppier basis and wider bids — hedge earlier, keep logistics flexible, and watch Argentina and India headlines for near-term opportunities.
New U.S. fees on Chinese-owned and built ships took effect overnight, marking the latest escalation in maritime trade tensions between Washington and Beijing.
President Trump is expected to press Argentina to take a tougher stance on China in exchange for political and economic support.
President Trump has long supported a direct line from Alberta’s oil fields to the Midwest.
Escalating U.S.–China tensions threaten soybean demand as farm finances are stretched further.
The news immediately caused a drop in equities and commodities, with soybeans down 20 percent in a matter of minutes.