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Food and Beverage Agriculture

  • CHICAGO/ BRASILIA, June 23- Brazil scrambled to shore up its beef industry's reputation on Friday after the United States blocked shipments of fresh cuts, saying it found abscesses in the meat and signs of systemic failure of inspections in the world's largest beef exporter. He said USDA approval for Brazil's fresh beef, which was only granted last year, was...

  • CHICAGO/ BRASILIA, June 23- Brazilian officials scrambled to shore up their beef industry's reputation on Friday after the United States blocked shipments of fresh cuts, saying it found abscesses in the meat and signs of systemic failures in the inspection program of the world's largest beef exporter. While fresh beef shipments to the United States represent...

  • CHICAGO, June 23- MGEX spring wheat futures surged to a 2-1/ 2 year high on Friday and Chicago Board of Trade corn futures dipped to a six-month low in technically driven trade amid an outlook for generally favorable U.S. crop weather, traders said. Soybean futures touched the lowest levels in more than a year as dealers squared positions ahead of the weekend and a...

  • SAO PAULO— Brazil's agriculture minister plans to travel to the United States to try to reverse the American ban of beef imports from Latin America's biggest country. The U.S. statement said suspension will remain in place until Brazil takes corrective action. Maggi said Brazil will fight for the U.S. market and that he plans to head a mission to the United States...

  • June 23- A U.S. jury on Friday ordered Syngenta AG to pay $217.7 million to more than 7,000 Kansas farmers over its decision to commercialize a genetically modified strain of corn before China approved importing it. The verdict by a federal jury in Kansas City, Kansas, was announced by lawyers for the farmers, who blamed the Swiss company for causing catastrophic...

  • KANSAS CITY, Kan.— The Latest on a Kansas jury's award of nearly $218 million to Kansas farmers who sued Syngenta over genetically modified corn seed.:. Swiss agribusiness giant Syngenta says it will appeal a Kansas federal jury's awarding of nearly $218 million to Kansas farmers who sued the company over its introduction of a genetically modified corn seed...

  • KANSAS CITY, Mo.— A Kansas federal jury awarded nearly $218 million on Friday to farmers who sued Swiss agribusiness giant Syngenta over its introduction of a genetically engineered corn seed variety. Syngenta vowed to appeal the verdict favoring four Kansas farmers representing roughly 7,300 growers from that state in what served as the first test case of...

  • June 23- A federal jury on Friday ordered Syngenta AG to pay $217.7 million to more than 7,000 Kansas farmers over its decision to commercialize a genetically modified strain of corn before China approved importing it. The verdict by a federal jury in Kansas City, Kansas was announced by the farmers' lawyers. It came in a lawsuit blaming the Swiss company for...

  • SAO PAULO, June 23- Brazil's Agriculture Minister Blairo Maggi prepared to travel to the United States on Friday to fight a ban on imports of fresh Brazilian beef, which hit shares of local meatpackers and revived concerns over the image of the world's largest exporter. But it was a setback for Brazil's recently opened fresh beef trade with the United States and...

  • CHICAGO— Grain futures were mixed Friday in early trading on the Chicago Board of Trade. Wheat for July delivery was 4 cents higher at $4.6260 a bushel; July corn was down 4.80 cents at $3.6160 a bushel; July oats was up 2 cents at $2.55 a bushel while July soybeans lost 12.20 cents to $9.0240 a bushel. June live cattle was. 52 cent higher at $1.1885 a pound; August feeder...

  • RIO DE JANEIRO, June 23- Brazilian Agriculture Minister Blairo Maggi has pledged to travel to the United States and work to overturn a ban on imports of fresh Brazilian beef after a high percentage of shipments failed to pass U.S. safety checks. "We will fight for this market!" the minister said in a message posted to social networks late on Thursday.

  • *Chicago wheat prices on course for small weekly loss. LONDON, June 23- Chicago corn and soybean were slightly higher on Friday but remained on track for weekly losses as cooler temperatures in the U.S. The Chicago Board of Trade most-active corn contract was up 0.3 percent at $3.64 a bushel at 1041 GMT but was course for a weekly loss of 5.2 percent.

  • *Demand also strong from core importers India, Asia, Latam. LONDON, June 23- The global fertilizer market will find increasing support in coming years from growing demand in Africa where Chinese, Middle Eastern and U.S. companies invest in agriculture, according to one of the world's largest fertilizer firms. Rising demand in Brazil and India will also help clear...

  • *Demand also strong from core importers India, Asia, Latam. LONDON, June 23- The global fertiliser market will find increasing support in coming years from growing demand in Africa where Chinese, Middle Eastern and U.S. companies invest in agriculture, according to one of the world's largest fertiliser firms. Rising demand in Brazil and India will also help clear...

  • BEIJING, June 23- China let through the first shipments of beef from the United States in 14 years on Friday, after the two nations agreed to resume the trade in May, state media reported. China officially allowed U.S. beef imports from Tuesday this week after the two sides settled the conditions for exports last week. Beef destined for China must also be from cattle...

  • The USDA had "recurring concerns about the safety of the products intended for the American market," after increasing tests on Brazilian beef in March, according to a statement. The USDA's action threatens the reputation of meat from Brazil, the world's top exporter of beef and poultry, even though the United States is not a top customer. "Product was already on the...

  • SINGAPORE, June 23- Chicago corn was poised for its biggest weekly decline in a year on Friday with the market falling for a second consecutive week, weighed down by forecasts of crop-friendly weather in the U.S. The Chicago Board of Trade most-active corn contract has given up 5.6 percent this week, biggest loss since June 2016. In the previous session, the market...

  • SYDNEY, June 23- U.S. soybean prices edged up on Friday but were still near a 17- month low touched the session before, with forecasts for favourable crop weather pushing the oilseed towards its biggest weekly fall in six months. *The most active soybean futures on the Chicago Board of Trade are down nearly 3.5 percent for the week, in what would be their biggest...

  • The USDA had "recurring concerns about the safety of the products intended for the American market," after increasing tests on Brazilian beef in March, according to a statement. The USDA's action threatens the reputation of meat from Brazil, the world's top exporter of beef and poultry, even though the United States is not a top customer. "Product was already on the...

  • "We're looking at better weather in the Midwest- that's been the big driver," said Price Futures Group broker Jack Scoville. CBOT July soybean futures eased 12 cents to $9.06-1/ 2 per bushel, the lowest since March 2016. CBOT July corn was down 5-1/ 4 cents at $3.63-1/ 2 per bushel and CBOT July wheat was off 3-1/ 4 cents to $4.61-1/ 4 at 12:45 p.m. CDT.