In this file:
· China Gives Import Approval for Enlist E3 Soybeans
· Soybeans up as U.S. and China talk trade
China Gives Import Approval for Enlist E3 Soybeans
This move is another step closer for U.S. farmers to gain another weed-management tool.
By Gil Gullickson, Successful Farming
Agriculture.com - 1/8/2019
China is giving the go-ahead for import of Corteva Agriscience’s E3 soybeans, which is the latest step in giving U.S. farmers another weed-management tool.
“We are aware that the China Ministry of Agriculture and Rural Affairs (MARA) published on its website the intent to issue safety certificates for the DP 4114 trait (Pioneer’s brand Qrome products) and Enlist E3 soybean trait,” says Gregg Schmidt, a Corteva Agriscience spokesman. “We are pleased with this and look forward to receiving the official safety certificates."
Enlist E3 soybean was jointly developed by Dow AgroSciences and MS Technologies. The Enlist system confers herbicide tolerance to a new 2,4-D formulation – 2,4-D choline – and glyphosate in corn, soybeans, and cotton and fop herbicides in corn. Herbicide options include Enlist Duo, a mix of glyphosate, and 2,4-D choline. Enlist One is straight 2,4-D choline that can be tank-mixed with approved label herbicides.
Lack of Chinese import approval had been a sticking point...
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Soybeans up as U.S. and China talk trade
By John Perkins, Brownfield
January 7, 2019
Soybeans were modestly higher on commercial and technical buying, with contracts ending the session near the middle of the day’s range. Trade talks between the U.S. and China are underway, running through Tuesday, and discussions with the European Union and Japan start Wednesday. Wire reports had China buying at least three cargoes of U.S. soybeans Monday, but with the government shutdown, there’s been no confirmation. The weekly export inspections report had less than 75,000 tons of the U.S. beans heading to mainland China last week, via the Pacific Northwest. The trade is also watching weather in South America. Dry parts of Brazil got some rain over the weekend, but longer-term outlooks are generally dry. Several analysts have lowered their projections for Brazil recently, citing weather. Soybean meal was up and bean oil was down on the adjustment of product spreads.
Corn was fractionally lower on fund and technical selling after a narrowly mixed session. Corn is also watching trade discussions and conditions in South America, along with any possible advancement in U.S. budget talks. The USDA numbers scheduled for Friday have been delayed indefinitely by the current federal shutdown. Those reports included new supply and demand estimates, along with 2018 corn and soybean production totals and winter wheat acreage. Even if the shutdown is ended prior to the January 11th release date, it’ll take time to fully collate and report the numbers, maybe as much as a week. Ethanol futures were lower. The industry continues to watch margins, wait for details on the implementation of year-round E15 use and keep an eye out for advances in trade discussions. In addition to U.S. corn, there’s been talk of China buying U.S. ethanol, sorghum, and DDGS.
The wheat complex...