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Food and Beverage Agriculture

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  • In a statement Thursday, USDA spokesman Sam Jones-Ellard said the department is looking into the documents and "does not condone any efforts to limit competing products in commerce. "But he didn't say if USDA would take any action, and it's unclear if the egg board's communications would violate legal requirements for research and promotion programs.

  • *Corn falls under pressure of near-record U.S. harvest. Corn fell to a three-week low on expectations of a near-record U.S. harvest flooding the market in the weeks ahead while soybeans ticked higher. The front-month contract is trading around its lowest since 2010. Corn is down 3.7 percent for the week, its second consecutive weekly loss while soybeans have...

  • Farmers pack separated soybeans in their field in the district of Burhanpur, Madhya Pradesh, India.

    Massive imports have driven down Indian soybean prices by 20 percent in four months and spurred crushers to close factories.

  • SYDNEY, Sept 4- U.S. wheat fell for a third consecutive session on Friday to hit a contract low, with ample U.S. stocks remaining uncompetitively priced. Wheat is on track to record its biggest weekly fall in six weeks. *Egypt's government buyer announced that it bought 170,000 tonnes of Russian wheat in its latest tender, extending this season's string of purchases...

  • BUENOS AIRES, Sept 3- The El Nino weather phenomenon is expected to start dumping torrential rains on Argentina next month, pushing farmers to plant more low-cost soy and less corn despite concern over lack of crop rotation in one of the world's main food suppliers. Argentina, the No. 1 exporter of soymeal livestock feed which is fuelling a shift in diet away from...

  • CHICAGO, Sept 3- U.S. wheat futures sank to multi-year lows on Thursday, weighed down by ample supplies and weak demand for U.S. exports, traders said. The Chicago Board of Trade reported heavy deliveries against expiring wheat and corn contracts on Wednesday evening, reflecting the easy availability of supplies on the cash market. Egypt's government buyer...

  • Earth now has fewest trees since start of humankind Thursday, 3 Sep 2015 | 12:44 PM ET
    Deforestation in Liberia

    The number of trees has fallen by about 46 percent since the start of human civilization, one scientist estimates.

  • *Chicago, Paris wheat fall to fresh contract lows. CHICAGO, Sept 3- U.S. wheat futures sank to multiyear lows on Thursday, weighed down by ample supplies and weak demand for U.S. exports, traders said. Egypt's government buyer is holding an import tender on Thursday and traders are waiting to see if Black Sea origins continue their clean sweep of sales this season.

  • Global 'El Niño' losses from drought to top $8B Thursday, 3 Sep 2015 | 11:20 AM ET
    Dry cracked earth is visible on the banks of Shasta Lake at Bailey Cove in Lakehead, Calif.

    Total economic losses from drought in the United States are likely to reach at least $3 billion.

  • Grain mixed, livestock mixed Thursday, 3 Sep 2015 | 10:40 AM ET

    CHICAGO— Grain futures were mixed in early trading Thursday on the Chicago Board of Trade. Wheat for December delivery lost 5.50 cents to $4.7340 a bushel; December corn was. 50 cent lower at $3.67 a bushel; December oats were. 25 cent higher at 2.2460 a bushel; while November soybeans gained 4.50 cents to 8.7860 a bushel. October live cattle was. 88 cent higher at...

  • $1B annual boost: Big Tobacco breathing easier Thursday, 3 Sep 2015 | 8:49 AM ET
    A pack of Marlboro cigarettes, left, manufactured by Philip Morris International Inc., a unit of Altria Inc., sits beside packs of Camel cigarettes, manufactured by Reynolds American Inc.

    Tobacco firms are getting the equivalent of a tax break after the end of a federal assessment, USA Today reports.

  • *Soybeans steady as China worries ease. PARIS/ SINGAPORE, Sept 3- U.S. and European wheat futures slipped to new contract lows on Thursday as a tender by top importer Egypt kept attention firmly on stiff competition in well supplied export markets. Soybeans inched higher as investor worries about China, the world's biggest soybean buyer, abated.

  • PARIS— More than 1,000 tractors— and a few cows— descended on Paris on Thursday in a boisterous protest by farmers who blocked highways to express their anger over falling prices for their goods and high taxes. Andie Le Mellionnec, 59, has run a dairy farm in western France for 40 years. Sporting a red hat, traditional to his home region of Brittany, and a Breton flag as a...

  • *Chicago Dec wheat hits fresh contract low on weak demand Corn falls for 3rd day as U.S. harvest pressure mounts. SINGAPORE, Sept 3- Chicago wheat hit a contract low on Thursday, falling for a sixth session out of eight, as ample global supplies dented demand for uncompetitively priced U.S. grain. Corn fell for a third session with a near-record U.S. harvest likely to...

  • GRAINS-Wheat extends losses, touches contract low Wednesday, 2 Sep 2015 | 9:07 PM ET

    *Chicago Board Of Trade December wheat fell to $4.76-1/ 2 a bushel, matching a contract low touched on Monday and Wednesday, and was trading down 0.4 percent at $4.77-1/ 4 a bushel 0047 GMT. Wheat closed down 1.5 percent on Wednesday. *Wheat under pressure amid abundant supplies and dim U.S. export prospects.

  • CHICAGO, Sept 2- U.S. wheat futures sank on Wednesday, weighed down by signs of abundant supplies and dim prospects for U.S. exports, traders said. The front-month K.C. hard red winter wheat contract shed 2.5 percent and hit its lowest in more than eight years, while the most actively traded Chicago Board of Trade December soft red winter wheat contract touched...

  • These states hit hardest by falling farm prices Wednesday, 2 Sep 2015 | 1:29 PM ET
    Farm farmer corn harvest

    The economic fallout from the drop in farm income is hitting some parts of the country much harder than others.

  • CHICAGO, Sept 2- U.S. wheat futures sank on Wednesday, weighed down by signs of abundant supplies and dim prospects for U.S. exports, traders said. The front-month K.C. hard red winter wheat contract shed 2.8 percent and hit its lowest in more than eight years, while the most actively traded Chicago Board of Trade December soft red winter wheat contract flirted with...

  • Grain mixed, livestock mixed Wednesday, 2 Sep 2015 | 10:39 AM ET

    CHICAGO— Grain futures were mixed in early trading Wednesday on the Chicago Board of Trade. Wheat for December delivery lost 5.50 cents to $4.8060 a bushel; December corn was 1 cent lower at $3.68 a bushel; December oats were 2.50 cents higher at 2.2640 a bushel; while November soybeans gained 1.50 cents to 8.7560 a bushel. October live cattle was. 40 cent lower at...

  • *Wheat and corn firm after recent lows. HAMBURG/ SINGAPORE, Sept 2- U.S. soybeans rose on Wednesday on buying interest after falling 1.5 percent in the previous session but with gains limited by concern about slowing economic growth in China, the world's largest soybean importer. Wheat rose for a second session on renewed buying after touching a near four-month...