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Food and Beverage Agriculture

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  • Plans by Scotland, and possibly Germany, to ban genetically modified (GM) crops could prove a boon for farmers of conventional crops.

  • Corn gave up 0.6 percent to $3.73 a bushel and wheat slid 0.4 percent to $4.83-1/ 4 a bushel. "Corn and soybean markets are coming under pressure as U.S. crops are just doing fine and very large supplies from the Midwest will flood the market," said Kaname Gokon of brokerage Okato Shoji in Tokyo. Corn crop was seen at 68 percent good to excellent, matching analysts'...

  • *The USDA pegged 63 percent of the soybean crop at good to excellent, unchanged from last week. *Spring wheat harvest pegged at 87 percent complete by the USDA. *USDA also said that private exporters reported a sale of 125,000 tonnes of soybeans to unknown destinations for delivery in the 2015/ 16 crop year, the fourth flash sale since Aug. 24.

  • GRAINS-U.S. corn, soybeans, wheat post monthly loss Monday, 31 Aug 2015 | 4:02 PM ET

    CHICAGO, Aug 31- Chicago Board of Trade soybean futures edged higher on Monday on a round of end-of-month short covering while wheat was mixed and corn settled close to unchanged, traders said. CBOT soft red winter wheat for December delivery ended up 1-1/ 4 cents at $4.85 a bushel on Monday, snapping a streak of four straight losses on some bargain buying after the...

  • *Soybeans pressured by concerns about Chinese economy. CHICAGO, Aug 31- Chicago Board of Trade wheat futures fell for the fifth straight day on Monday, hitting their lowest in nearly four months on low demand for U.S. supplies on the export market, traders said. "Grain futures are steady to lower this morning, with another downturn in Chinese stock prices weighing on...

  • Grain mixed and livestock mostly higher Monday, 31 Aug 2015 | 10:33 AM ET

    CHICAGO— Grain futures were mostly lower in early trading Monday on the Chicago Board of Trade. Wheat for December delivery lost 5 cents to $4.7860 a bushel; December corn was 4.25 cents lower at $3.7060 a bushel; December oats were 4 cents higher at 2.3240 a bushel; while November soybeans lost 12.25 cents to 8.7320 a bushel. October live cattle was. 55 cent lower at...

  • Wheat and corn were also set to drop for a second month as rising global supplies drag down grain prices. Wheat has given up more than 20 percent of its value since the beginning of July, while corn has lost 11 percent during the period and soybeans have fallen 15 percent in two months. Chicago Board of Trade actively traded November soybeans slid 0.6 percent to...

  • Oregon hemp farmer says startup going slow Saturday, 29 Aug 2015 | 11:39 AM ET

    Harvesting machinery is expensive, and there is no plant in Oregon to process the plants into fiber, seed and oil. This is the first year Oregon farmers can grow hemp, following the Legislature's approval in 2009. Growing hemp without a federal permit was banned in 1970 due to its classification as a controlled substance and relation to marijuana.

  • In reversal, abundant grain trains available for harvest Saturday, 29 Aug 2015 | 10:33 AM ET

    The reversal is attributed to unprecedented spending on track upgrades, political pressure from politicians in agriculture-rich states and a drastic decrease in trains hauling crude and freight to and from western North Dakota's oil-producing region. "There had been some uncertainties but it has gradually gotten better," said Josh Mardikian, grain...

  • BOISE, Idaho— The U.S. Department of Agriculture has approved a potato genetically engineered by Idaho- based J.R. Simplot Co. to resist the pathogen that caused the Irish potato famine and that still damages crops around the world. The USDA made the announcement Friday on its website. The Russet Burbank variety the USDA approved is the second generation of...

  • *Soybeans firm on dry U.S. weather outlook. *Corn clings to modest gains in choppy trade. Soybeans rose on worries about dry weather in parts of the Midwest and spillover support from a strong rally in crude oil.

  • Global coffee exports down 3.6 pct in July - ICO Friday, 28 Aug 2015 | 11:23 AM ET

    LONDON, Aug 28- Global coffee exports fell 3.6 percent in July from a year earlier to total 9.59 million 60 kg bags, the International Coffee Organization said on Friday. For the first 10 months of the 2014/ 15 season, which began on Oct. 1 last year, coffee exports were down 2.8 percent at 92.85 million bags. Robusta coffee exports fell 8.4 percent in July from a year...

  • MCD and Tyson cry 'fowl' on farm Friday, 28 Aug 2015 | 6:00 AM ET
    MCD and Tyson cry 'fowl' on farm

    McDonald's and Tyson terminate contract with farmer accused of animal cruelty.

  • Mitsubishi to buy stake in Temasek-controlled Olam Friday, 28 Aug 2015 | 1:23 AM ET
    Pedestrians walk past the headquarters of Japanese automaker Mitsubishi Motors in Tokyo, Japan.

    Japan's Mitsubishi will buy a stake of at least 10 percent in agri-trader Olam International in a deal worth at least $500 million.

  • LAUNCESTON, Australia, Aug 28- Market wisdom is that Asian rice prices are set to rally as El Nino cuts output and bulging stockpiles are steadily eroded. Benchmark Thai 5- percent broken white rice staged a 10 percent rally from a 7 1/ 2- year low of $367.50 a tonne on June 24 to a recent peak of $405 on July 17. It's much the same situation for Thailand's regional...

  • *Corn firm, set to post second weekly gain. *Wheat edges higher, set for 2.5 pct weekly loss. Corn rose, with the grain poised to record a small weekly gain, while wheat added nearly 0.5 percent but was set to record weekly losses of nearly 2.5 percent.

  • SYDNEY, Aug 28- U.S. soybeans rose on Friday, extending two-day gains to nearly 2 percent and poised to record only modest losses for the week, despite lingering concerns over demand from China. *The U.S. Department of Agriculture reported net weekly soybean export sales for the 2015/ 16 marketing year that begins Sept. 1 above trade expectations at 1.457 million...

  • *Wheat lower on dollar strength, fresh Black Sea sales. CHICAGO, Aug 27- U.S. soybean futures rose 1.5 percent on Thursday as equity markets stabilized in China, the world's top soy buyer, and on concerns about dry weather as the U.S. At the Chicago Board of Trade as of 1:10 p.m. CDT, the benchmark November soybean contract was up 13 cents at $8.78 a bushel.

  • MONTPELIER, Vt.— Four years after flooding from Tropical Storm Irene nearly destroyed Vermont's fish hatchery in Roxbury, officials still are looking for the estimated $5 million it would take to rebuild it to meet modern standards. Meanwhile, a hatchery on the White River in Bethel owned by the federal government is closed although it was nearly fully repaired...

  • NEW YORK— McDonald's and its supplier Tyson Foods say they've cut ties with a chicken farmer after an advocacy group released a video taken with a hidden camera that the group said showed abusive practices at its farm. Tyson Foods Inc. said in a statement that it was investigating the situation, but that it terminated the farmer's contract "based on what we...