Food and Beverage Agriculture

  • WASHINGTON, Sept 30- U.S. wheat supplies ballooned to the biggest in nearly 30 years during the summer months, topping expectations, as a 12 percent jump in production and weak demand on the export market filled storage bins, the government said on Friday. The U.S. Agriculture Department also reported corn and soybean stocks as of Sept. 1 at multi-year highs despite...

  • WASHINGTON, Sept 30- U.S. wheat supplies ballooned to the biggest in nearly 30 years during the summer months, topping expectations, as a 12 percent jump in production and weak demand on the export market filled storage bins, the government said on Friday. The U.S. Agriculture Department also reported corn and soybean stocks as of Sept. 1 at multi-year highs despite...

  • *USDA data to show supplies ahead of expected record crop. PARIS/ SINGAPORE, Sept 30- Chicago soybean futures were little changed on Friday as the market drifted ahead of a U.S. stocks report that will show how large supplies of the oilseed were before what is expected to be a record 2016 harvest. Caution ahead of the USDA stocks report has helped put a floor under the...

  • *China corn prices have dropped more than 20 pct in past year. *China government has not responded to request for comment. BEIJING, Sept 30- China has given approval to at least two companies to export corn, trading sources said, in a radical move by the world's No. 2 producer to cut its ballooning surplus and unleash more supply into a saturated global market.

  • Iowa farmers eye candidates and trade

    Craig Hill, Iowa Farm Bureau president, and "Squawk Box's" Andrew Ross Sorkin, discuss how the Trans-Pacific Partnership impacts Iowa and the importance of lower tariffs on trade, taxes and immigration.

  • SINGAPORE, Sept 30- Chicago soybeans eased on Friday, set for a third week of decline on prospects for higher yields than estimated by the U.S. Department of Agriculture, although strong demand kept a floor under the market. "Based on 1 June, 2016, stocks and June-August exports and crush data, we estimate that U.S. soybean stocks as of 1 September, 2016, should be higher...

  • *Prices up 7 pct on the week after news of OPEC cuts. *OPEC plans to cut 700,000 bpd, glut at 1.0-1.5 million bpd. OPEC said other details will be known at its policy meeting in November, leaving unanswered when the agreement will come into effect, what new quotas for member countries will be and for what periods, and how compliance will be verified.

  • *Prices up 7-8 pct since news of OPEC cuts. *OPEC plans to cut 700,000 bpd, glut at 1.0-1.5 million bpd. OPEC said other details will be known at its policy meeting in November, leaving unanswered when the agreement will come into effect, what new quotas for member countries will be and for what periods, and how compliance will be verified.

  • *Prices up 7-8 pct since news of OPEC cuts. *OPEC plans to cut 700,000 bpd, glut at 1.0-1.5 million bpd. OPEC said other details will be known at its policy meeting in November, leaving unanswered when the agreement will come into effect, what new quotas for member countries will be and for what periods, and how compliance will be verified.

  • "Nobody wants to really make a commitment one way or the other," said Bill Gentry, a broker at Risk Management Commodities in Lafayette, Indiana. USDA on Thursday morning reported export sales of U.S. soybeans in the latest week at 1,692,900 tonnes, topping a range of trade expectations for 1.1 million to 1.3 million. Additionally, USDA on Thursday morning said that...

  • FRESNO, Calif.— California is moving to ban farmers from spraying pesticides into the air near schools and day care centers under a newly proposed rule that will be among the nation's toughest, regulators told The Associated Press on Thursday. Crop dusters flying over fields, air-blasters spraying orchards and fumigants that risk blowing onto campuses will no...

  • *Prices up 8 pct since news of OPEC cuts; WTI at month-high. *OPEC plans to cut 700,000 bpd, glut at 1.0-1.5 million bpd. OPEC said other details of the plan will be known at its policy meeting in November, leaving unanswered when the agreement will come into effect, what new quotas for member countries will be and for what periods, and how compliance will be verified.

  • LONDON/ BRUSSELS, Sept 29- Europe's food safety watchdog will release data from some of the scientific studies it reviewed in its assessment of glyphosate, an ingredient in Monsanto's widely used herbicide Roundup and subject of a fierce row over possible cancer risk. Glyphosate, which is used in Roundup as well as other companies' weed-killers, is at the heart of...

  • A Saudi billionaire prince's racehorse breeding business received more than £400,000 in EU subsidies last year.

  • "Nobody wants to really make a commitment one way or the other," said Bill Gentry, a broker at Risk Management Commodities in Lafayette, Indiana. At 10:15 a.m. CDT Chicago Board of Trade November soybean futures were up 3-1/ 4 cents at $9.48-3/ 4 a bushel. USDA on Thursday morning reported export sales of U.S. soybeans in the latest week at 1,692,900 tonnes, topping a...

  • Mars food production concept to feed future astronauts on the Red Planet

    Growing vegetables and cereals in space could become critical to eventually supporting a permanent human colony on Mars.

  • CHICAGO— Grain futures were mixed Thursday in early trading on the Chicago Board of Trade. Wheat for December delivery was 7.40 cents lower at $3.9820 a bushel; December corn was fell. 40 cent at $3.2960 bushel; December oats was 2 cents higher at $1.76 a bushel; while November soybeans rose 2.20 cents to $9.5240 a bushel. October live cattle was. 75 cent higher at...

  • LONDON, Sept 29- The International Grains Council on Thursday cut its forecast for the 2016/ 17 world corn crop mainly reflecting downward revisions for China and the European Union. "Overly dry weather has affected crop prospects in the EU and China," the IGC said in a monthly report, cutting its forecast for China's crop by 2 million tonnes to 217 million and EU...

  • PARIS/ SINGAPORE, Sept 29- Chicago soybean and corn futures each rose about 1 percent on Thursday as rain forecasts maintained some uncertainty about the U.S. harvest and countered pressure from a record production outlook. Wheat edged higher as adverse weather in Australia raised doubts over what has also been tipped to be a bumper crop in the southern...

  • *Rains seen hurting Australia's near-record wheat crop. SINGAPORE, Sept 29- Chicago soybeans bounced back on Thursday, rising almost 1 percent on strong demand from top importer China, although expectations of a quickened pace for the U.S. harvest capped gains. Chicago Board of Trade most-active soybean contract rose 0.9 percent to $9.53-1/ 2 a bushel by 0246 GMT,...