Food and Beverage Agriculture

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  • Bee thieves kill the buzz for almond growers

    Detectives see a rise in recent bee thefts, possibly due to the increased prices and pollination fees as a shortage looms.

  • *USDA forecast of big world inventories weakens. Corn was again weak after dropping in the previous session after the USDA forecast hefty U.S. supplies. "Wheat, corn and soybeans are still burdened by the forecasts of large global supplies made by the USDA monthly report on Tuesday," said Frank Rijkers, agrifood economist at ABN AMRO Bank.

  • *USDA raises forecast for world ending stocks, adds pressure. SINGAPORE, Feb 10- Chicago wheat futures slid for a fifth straight session on Wednesday to trade near its lowest since 2010 as the market faced headwinds from a U.S. estimate of record global year-end stocks. Chicago Board Of Trade most-active wheat contract fell 0.1 percent to $4.57 a bushel by 0242 GMT,...

  • SYDNEY, Feb 10- U.S. wheat was steady on Wednesday, but holding near the lowest since 2010 hit in the previous session, as prices remained under pressure from the U.S. Department of Agriculture's larger-than-expected forecast for end of season stocks. *USDA pegged wheat ending stocks above trade expectations, largely due to a 4 million tonne cut in usage by China,...

  • *USDA projects record-large world wheat ending stocks. Most-active wheat futures at the Chicago Board of Trade traded as low at $4.55 a bushel, the lowest level since the summer of 2010, before closing down 1 cent at $4.57-1/ 2. Corn futures ended down 1-1/ 4 cents at $3.61 after the most-active contract touched its lowest price since Jan. 15.

  • FRESNO, Calif.— A new state report shows California farmers reaping record sales despite the epic drought, thriving even as city-dwellers have been forced to conserve water, household wells have run dry and fish have died. Experts cite two key reasons for California farms' strong showing even in dry times: a California almond boom fed by surging demand from China...

  • Monsanto will pay an $80 million penalty and several executives will pay smaller amounts to settle federal allegations that the agribusiness giant misstated its earnings by not properly disclosing the costs of a rebate program for its Roundup weed-killer. In addition, the SEC said Tuesday that three of Monsanto's accounting and sales executives will pay...

  • CHICAGO, Feb 9- Bunge Ltd has launched legal proceedings against Egypt's state grain buyer over a rejected cargo of French wheat, highlighting uncertainty among suppliers who are already charging a risk premium to the world's largest wheat importer. Egypt, which buys wheat to provide its poorest citizens with bread, has in recent weeks fueled confusion in the...

  • WASHINGTON, Feb 9- U.S. corn and wheat ending stocks will be higher than previously expected at the end of the marketing year due to a drop in already weak demand for U.S. supplies on the export market, the government said on Tuesday. The U.S. Agriculture Department in its monthly supply and demand report also raised its soybean ending stocks outlook due to a slowdown...

  • WASHINGTON, Feb 9- U.S. corn and wheat ending stocks will be higher than previously expected at the end of the marketing year due to cuts to already weak demand for U.S. supplies on the export market, the government said on Tuesday. USDA pegged global wheat ending stocks for the 2015/ 16 crop year at 238.87 million tonnes, up from its January forecast of 232.04 million...

  • Crop prospects are also improving in South America, which competes with the United States for export business, after weekend rains eased concerns about dryness in Argentina, the world's top exporter of soyoil and soymeal and the No. 3 soybean supplier. Traders will probably resume monitoring South American yields and demand once the USDA issues monthly crop...

  • *Sees 2016 profit outlook $5.50- $7.00/ shr vs est $7.01/ shr. *Posts profit $1.52/ shr vs est of $1.38/ shr. The company, which sells seed, fertilizers and chemicals directly to farmers in North America, said it expects to earn $5.50- $7.00 per share in 2016, slightly below analysts' average estimate of $7.01, according to Thomson Reuters I/B/E/S.

  • Grain mixed, livestock mixed Tuesday, 9 Feb 2016 | 11:08 AM ET

    CHICAGO— Grain futures were mixed Tuesday in early trading on the Chicago Board of Trade. Wheat for March delivery was 1.50 cents lower at $4.57 a bushel; March corn was 1 cent lower at $3.6120 a bushel; March oats were. 50 cent higher at $1.9940 a bushel; while March soybeans was. 50 cent higher at $8.63 a bushel. April live cattle was. 45 cent lower at $1.3095 a pound; March...

  • How bad is it in California? They're stealing bees! Tuesday, 9 Feb 2016 | 10:43 AM ET
    Honeybees tend to their hive in an almond orchard near Bakersfield in Wasco, California.

    Bee rustlers have pulled off at least half a dozen hive heists in California this year, pinching beekeepers and almond farmers.

  • BRUSSELS— Experts say almost all species in the Mediterranean are still overfished despite decades of seeing stocks dwindle— and the European Union is considering creative solutions like using drones or space technology to catch fraudulent fishermen. EU Fisheries chief Karmenu Vella said Tuesday some stocks "are on the verge of depletion.

  • *USDA supply/demand report due at 1700 GMT. PARIS/ SYDNEY, Feb 9- Chicago wheat edged higher on Tuesday, recovering from a one-month low as investors awaited monthly U.S. government grain forecasts, but Paris futures extended losses to new contract lows as export worries continued to weigh on European prices. But wheat remained under pressure from ample global...

  • SYDNEY, Feb 9- U.S. soybeans were mostly unchanged on Tuesday and held near their lowest in almost a month as crop-friendly rains across Argentina continued to cap prices. Traders and analysts said the market remained under pressure from rains across Argentina. Consequently soybean crops are now looking just fine in both Argentina and Brazil, "said Tobin Gorey,...

  • SYDNEY, Feb 9- U.S. soybeans rose for the first time in five sessions on Tuesday, coming off their lowest level in nearly one month, though gains were capped as heavy rains improved production prospects in Argentina. *Storms brought moisture to dry fields in Argentina during a key time for crop development. *Traders have been on edge about weather conditions in...

  • SYDNEY, Feb 9- U.S. soybeans rose for the first time in five sessions on Tuesday, coming off their lowest level in nearly two months, though gains were capped as heavy rains improved production prospects in Argentina. *Storms brought moisture to dry fields in Argentina during a key time for crop development. *Traders have been on edge about weather conditions in...

  • *Argentina crops benefit during critical weekend. CHICAGO, Feb 8- U.S. soybean futures slid to seven-week lows on Monday after weekend rains across major exporter Argentina reduced the likelihood that dry weather would curb yields. Soybean traders focused on Argentina after storms brought moisture to dry fields during a key time for crop development.