Food and Beverage Agriculture

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  • *Philippines suffering mounting damage to rice crop. MANILA, May 26- While Philippine elections this month were dominated by talk about crushing crime, the next president faces another critical early test: ensuring there is enough rice for the country's more than 100 million people. "Now is the right time to import as prices are starting to trend up," said Bruce...

  • Investing in the sugar industry

    Stephen Macklow-Smith, head of Europe equities strategy at JPMorgan, and Steen Jakobsen, Saxo Bank chief economist, discuss Tate & Lyle and sugar.

  • *Argentina crop concerns lift prices, speculators long in meal. SINGAPORE, May 26- U.S. soybeans hit their highest in two weeks on Thursday and soymeal jumped to an 18- month peak, with prices underpinned by concerns over lower supplies from key exporter Argentina. "The main concern driving soybean and meal prices higher is the damage to crops in Argentina, but...

  • SYDNEY, May 26- U.S. soybeans retained strong gains from the previous session on Thursday after earlier hitting a 15- day high on concerns over shortfalls in Argentina's oilseed production. *The most active soybean futures on the Chicago Board Of Trade was steady at $10.85 a bushel, having earlier hit a high of $10.88-1/ 4 a bushel- the strongest since May 11 when...

  • China announced two months ago that it planned to scrap its corn stockpiling system, which had left it with the biggest corn supplies in the world, put premiums on domestic prices and brought a flood of corn and alternative feed imports. Total sorghum stocks as of March 1 was at the highest in nearly two decades, USDA data shows, as demand fell off a cliff.

  • WINNIPEG, May 25- U.S. soybean futures jumped 3 percent on Wednesday, the biggest gain for the most-active contract in two weeks, boosted by concerns about a possible shortage of soymeal from Argentina. Chicago Board of Trade July soybeans gained 30-3/ 4 cents at $10.85-1/ 2 a bushel, touching a one-week high. "It's all on the meal market," said Bill Gary, president of...

  • BUENOS AIRES, May 25- Flooding in Argentina has cut into the country's expected soybean output by 4 million to 8 million tonnes, even as higher-than-expected yields in dryer areas offset some of the losses, local farm analysts said on Wednesday. But analyst Pablo Adreani, of the Buenos Aires- based AgriPAC consultancy, said flood losses far outweigh gains...

  • WINNIPEG, May 25- U.S. soybean futures jumped more than 2 percent on Wednesday, boosted by concerns about a possible shortage of soymeal from Argentina. Chicago Board of Trade July soybeans was up 22-3/ 4 cents, or 2.2 percent, at $10.77-1/ 2 a bushel at 10:14 a.m. CDT. "It's all on the meal market," said Bill Gary, president of Commodity Information Systems.

  • CHICAGO— Grain futures were higher Wednesday in early trading on the Chicago Board of Trade. Wheat for July delivery was 2 cents a bale higher at $4.66 a bushel; July corn was 4.50 cents higher at $4.0220 bushel; July oats was 2.50 cents higher at $1.9140 a bushel; while July soybeans gained 22.50 cents to $10.7720 a bushel. June live cattle was. 08 cent higher at...

  • HAMBURG/ SINGAPORE, May 25- U.S. wheat futures rose for a second session on Wednesday, underpinned by forecasts of rain in the U.S. Soybeans rose on renewed worries about the impact of recent rain damage to Argentina's crop now being harvested. Chicago Board of Trade most-active July wheat was up 0.5 percent to $4.66-1/ 2 a bushel at 0955 GMT.

  • MINNEAPOLIS— The state of Minnesota and Land O'Lakes announced a partnership Wednesday to improve water quality in farm country, leveraging the farmer-owned cooperative's retail network to help expand a state program that encourages farmers to voluntarily implement conservation practices. The network has more than 300 agricultural retailers in...

  • HANOI, May 25- As rain returns to Vietnam's parched coffee growing region after the worst drought in 30 years, it will be too late for some farmers with nearly a fifth of coffee trees either dead or damaged. Vietnam accounts for about 20 percent of global coffee output. Vicofa has forecast the coming 2016/ 17 harvest due to start in October could fall by up to 30 percent...

  • Monsanto worth $130 per share: Expert

    Dennis Gartman, founder, editor & publisher of The Gartman Letter, comments on Monsanto's decision to reject the Bayer acquisition proposal.

  • SINGAPORE, May 25- U.S. wheat futures rose for a second session on Wednesday with prices underpinned by forecasts of rains in the U.S. Plains winter wheat belt will diminish in the southwest the rest of this week allowing some improvement in harvest conditions, but southeastern areas remain unfavorably wet, Commodity Weather Group said. Chicago Board of Trade...

  • SYDNEY, May 25- U.S. wheat rose for a second session on Wednesday, with concerns over possible unfavorable weather in key producing regions pushing it further from a 12- day low touched the day before. *The most active wheat futures on the Chicago Board of Trade advanced 0.46 percent to $4.66-1/ 4 a bushel, after closing up on Tuesday. It touched its lowest since May 12...

  • WINNIPEG, May 24- Chicago wheat rose on Tuesday, lifted by short-covering and concerns about unfavorable rains for maturing U.S. crops. Chicago Board of Trade July wheat added 2 cents, or 0.6 percent, to $4.64 a bushel. Chicago July corn eased 1/ 4 cent to $3.97-1/ 2 a bushel, losing on trades against wheat on expectations that livestock operations might replace some...

  • Wichita is home to the company's beef business and its turkey and cooked meat business, which includes deli meats. Its processed protein services, such as its North American egg business and its food distribution, also are located in Wichita. We chose Wichita because we believed we will thrive here, "Cargill corporate vice president Brian Sikes said.

  • *USDA reports second US soybean sale to unknown in 2 days. WINNIPEG, May 24- Chicago soybean futures rose on Tuesday, shaking off earlier losses, on support from higher soymeal prices and fresh export sales. Chicago Board of Trade's July soybean contract climbed 6 cents, or 0.6 percent. to $10.64-1/ 2 a bushel by 10:37 a.m. CDT, having closed 1.5 percent lower on Monday.

  • CHICAGO— Grain futures were higher Tuesday in early trading on the Chicago Board of Trade. Wheat for July delivery was 7 cents a bale higher at $4.69 a bushel; July corn was 3.25 cents higher at $4.01 bushel; July oats was. 25 cent higher at $1.8960 a bushel; while July soybeans gained 6 cents to $10.6440 a bushel. June live cattle was. 58 cent lower at $1.1758 a pound; May...

  • NEW YORK— U.S. stocks made their biggest gain since March on Tuesday as technology companies like Apple and Microsoft soared. Stocks opened higher following hefty gains in Europe. "A little bit of good data has reminded people that things are actually OK," said David Lefkowitz, senior equity strategist at UBS Wealth Management.