Food and Beverage Agriculture

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  • Chicago, Feb 5- U.S. wheat futures slumped for a second session on Friday, anchored by ample global supplies and after top importer Egypt canceled a tender for the second time this week. Corn and soybeans were also lower at the Chicago Board of Trade, with all three markets on pace for a weekly decline ahead of a U.S. Department of Agriculture supply and demand...

  • Grain lower, livestock mixed Friday, 5 Feb 2016 | 10:39 AM ET

    CHICAGO— Grain futures were lower Friday in early trading on the Chicago Board of Trade. Wheat for March delivery was 5.25 cents lower at $4.6740 a bushel; March corn was 1.25 cents lower at $3.6720 a bushel; March oats were 1 cent higher at $1.9720 a bushel; while March soybeans was 1.25 cents lower at $8.7320 a bushel. April live cattle was. 60 cent lower at $1.3505 a...

  • Bayer CropScience will instead ask for an administrative law hearing from the EPA's Office of General Counsel to review the registration of flubendiamide, the active ingredient in Bayer's Belt pesticide. But the EPA's risk assessment disagreed so the agency sent Bayer the request on Jan. 29. After rejecting the EPA's request, Bayer now expects the agency to...

  • *Raises full-year profit forecast to $3.85- $3.95/ shr. Reports 1st- qtr profit $1.15/ share vs est $0.89. Beef business, which is Tyson's largest unit by sales, reported an operating profit of $71 million, compared with a loss of $6 million in the year-earlier period, due to lower livestock costs.

  • *India needs to raise productivity, he adds. NEW DELHI, Feb 5- India needs more data before deciding whether to permit commercial growing of its first genetically modified food crop, its environment minister said on Friday, but indicated it would not stand "in the way of science" despite protests. India spends billions of dollars every year importing edible oils and...

  • *March wheat in Paris falls to contract low. LONDON, Feb 5- Wheat futures in both Chicago and Paris were lower on Friday, weighed down by the slow pace of exports while corn was little changed and soybeans edged up. March wheat on the Chicago Board of Trade was off 0.3 percent at $4.71-1/ 2 a bushel at 1152 GMT.

  • FRANKFURT, Feb 5- Monsanto could seek to expand in agricultural chemicals by deepening its partnership with Germany's BASF after losing out to ChemChina in its bid to buy seeds and pesticides firm Syngenta. But while the Ludwigshafen, Germany- based company is not willing to sell its pesticides unit, recent consolidation in the industry means it is now seen by...

  • SINGAPORE/ BEIJING, Feb 5- Newly licensed Chinese oil importers are taking advantage of low crude prices and healthy domestic product margins, snapping up hundreds of thousands of barrels a day of a global surplus but also adding to China's swelling fuel exports. Armed with quotas that could make up a fifth of total Chinese crude imports this year, the...

  • CHICAGO, Feb 4- Wheat futures on the Chicago Board of Trade fell more than 1 percent on Thursday on disappointing U.S. export sales data, traders said. March corn was down 2 cents at $3.69 per bushel and March soybeans were down 2-3/ 4 cents at $8.74 a bushel. "The problem is, no matter what you look at, we've got plenty of everything," said Roy Huckabay with the Linn Group, a...

  • Grain higher, livestock higher Thursday, 4 Feb 2016 | 10:39 AM ET

    CHICAGO— Grain futures were higher Thursday in early trading on the Chicago Board of Trade. Wheat for March delivery was. 50 cent higher at $4.8040 a bushel; March corn was 1.25 cents higher at $3.7220 a bushel; March oats were. 50 cent higher at $1.97 a bushel; while March soybeans was 5.50 cent higher at $8.8240 a bushel. April live cattle was. 78 cent higher at $1.3653 a...

  • PARIS/ SYDNEY, Feb 4- U.S. corn and soybeans edged higher on Thursday with support from a falling dollar, but favourable weather for South American crops helped keep prices shy of six-week highs hit this week. Trading was also subdued as investors awaited direction from weekly U.S. export sales and estimates of grain stocks in Canada, another leading grain...

  • ROME, Feb 4- World food prices fell to near a seven-year low in January, weighed down by declines for agricultural commodities, particularly sugar, the United Nations food agency said on Thursday. The Food and Agriculture Organization's food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged...

  • WASHINGTON— The food industry is pressuring Congress to act before the state of Vermont requires food labels for genetically modified ingredients. At issue is how food companies will deal with Vermont's law. The food industry wants Congress to pre-empt Vermont's law and bar mandatory labeling of genetically modified foods before it goes into effect.

  • LONDON, Feb 4- Flagging fertiliser prices are set for a further fall which will likely drive some high-cost Chinese producers out of business to help ease a stocks overhang and lift prices later in 2016, one of the world's largest producers, Russia's PhosAgro, said. Chief Executive Andrei Guryev said he expected prices for phosphate, potash and nitrogen...

  • SYDNEY, Feb 4- U.S. soybeans rose on Thursday, recouping about half of the 1 percent losses from the previous session, though forecasts for much-needed rains in Argentina capped gains. Chicago Board of Trade front-month soybeans gained 0.4 percent to $8.80-1/ 4 a bushel, although analysts said prices remain under pressure from rain forecast across Argentina, one...

  • GRAINS-Soybeans firm, rebound from losses of 1 pct Wednesday, 3 Feb 2016 | 9:02 PM ET

    SYDNEY, Feb 4- U.S. soybeans rose on Thursday, rebounding from losses of 1 percent in the previous session, but face presure from forecast rains in Argentina that will relieve stress on crops. *Corn and soybeans under pressure from forecast beneficial rains in Argentina. *Informa Economics, a private analytics firm, on Wednesday raised its estimates of 2015/ 16 corn...

  • WASHINGTON, Feb 3- The state-owned China National Chemical Corp, which plans to buy Swiss seeds and pesticide maker Syngenta, will promptly start preparations for what could be a lengthy U.S. national security review, as the House Agriculture Committee chairman said he would monitor the deal. The $43 billion deal, which was announced on Wednesday as a way for...

  • CHICAGO, Feb 3- Monsanto Co said on Wednesday it received import approval from China for its new genetically modified Roundup Ready 2 Xtend soybeans and that it will begin selling the seeds in the United States and Canada. China, the world's biggest soybean importer, does not allow imports of new genetically modified crops until they are approved by government...

  • CHICAGO, Feb 3- U.S corn and soybeans futures fell on Wednesday, pressured by profit-taking after recent six-week highs and outlooks for needed rains in South America. CBOT March soybeans fell 11-1/ 4 cents, or 1.2 percent, to $8.75 per bushel as of 12:18 p.m. CST, after reaching $8.89-1/ 2 on Tuesday, its highest since Dec. 22. The traders also were waiting to see...

  • Grain mixed, livestock higher Wednesday, 3 Feb 2016 | 10:50 AM ET

    CHICAGO— Grain futures were mixed Wednesday in early trading on the Chicago Board of Trade. Wheat for March delivery was 2.50 cents higher at $4.78 a bushel; March corn was. 50 cent lower at $3.7160 a bushel; March oats were. 25 cent higher at $2.0040 a bushel; while March soybeans was 6.50 cent lower 8.7940 a bushel. April live cattle was. 58 cent higher at $1.3533 a pound;...