Global AgInvesting News, Information and Research for Investors in Farmland and Agriculture Globally Russia Considers State Monopoly on Wine Production The Russian parliament will be debating an initiative to create a state monopoly on wine production during the first week of September. 08/21/2014 2:50 PM Canada Unveils Lowball Canola, Wheat Forecasts Analysts and investors are surprised by the cut in estimates for the country’s wheat and canola output by Statistics Canada. 08/21/2014 2:18 PM Monsanto Expects 2014 U.S. Approval for New Soybean Seeds Monsanto expects U.S. approval for its Round Up Ready 2Xtend soybean seeds by the end of 2014, and international approvals in 2015. 08/21/2014 12:31 PM Australia: Bunge to Build Grain Export Terminal at Geelong Bunge announced plans to build a $20 million grain export terminal near Geelong in Victoria, Australia. 08/21/2014 11:50 AM Russia’s Grain Trader Beating Cargill to Olam as Exports Surge Russia’s Trading House RIF is beating out the competition including Cargill and Olam to become Russia’s second largest grain exporter. 08/21/2014 11:32 AM U.S. Biofuel Industry Suffers as Biofuel Rule Delays Drag On The 2014 federal biofuel use targets from the Environmental Protection Agency are nine months behind schedule. 08/21/2014 10:42 AM Palm, Soy Oil Prices ‘to Recover From’ Five Year Low Analysts predict low prices will spark demand as palm oil and soy oil futures are at their lowest since 2009. 08/20/2014 3:45 PM Brett MacNeil Named Director of Acquisitions for Hancock Agricultural Investment Group Hancock Agricultural Investment Group announces that Brett MacNeil has been named Vice President and Director of Acquisitions. 08/20/2014 1:21 PM Canada: Canola Growers Turn to More Profitable Hemp Farmers in North America can net $620 - $1240 per hectare from hemp production compared to $495 per hectare from canola. 08/20/2014 12:57 PM Le May-Led Ag Startup Nabs $40 Million Kansas-based agribusiness FarmLink LLC has closed on $40 million of Series B financing led by Open Air Equity Partners. 08/20/2014 12:26 PM