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Food and Beverage Agriculture

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  • With soybean yields largely determined in August and questions about the size of planted area, there is still uncertainty about the crop, said Terry Linn, analyst at The Linn Group in Chicago. Chicago Board of Trade August soybeans rose 10 cents or 1 percent to $9.84-3/ 4 a bushel at 9:56 a.m. CDT. September corn fell 5 cents or 1.3 percent to $3.70 a bushel, after...

  • The order signed Tuesday instructs the government to return Mo Yun's passport and immediately stop "all court-directed electronic monitoring," meaning she can return to China. Investigators allege that Mo helped her brother and five other Chinese nationals working for subsidiaries of Beijing- based DBN Group steal patented corn seed to reproduce its...

  • Ohio city detects Lake Erie toxins that led to 2014 crisis. TOLEDO, Ohio— Toledo has detected the first signs in Lake Erie of the dangerous toxin that resulted in a water crisis last year that left 400,000 people in northwestern Ohio and southeastern Michigan without safe tap water for two days. Toledo Mayor Paula Hicks-Hudson and city officials announced late...

  • MILAN— CNH Industrial, the Italian maker of construction and agriculture machinery, says second-quarter earnings dropped by more than half on lower sales of combines and larger tractors in North and South America. CNH Industrial, which was formed from the full merger of Fiat Industrial with its CNH subsidiary, reported Wednesday that profits dropped to 178...

  • MUMBAI, July 29- Global rice prices are likely to surge by 10 percent to 20 percent in the next few months as an El Nino weather pattern grips top producers in Asia, baking the region's croplands and whittling down stocks of the grain to multi-year lows. While higher prices of a key staple would be bad news for impoverished countries in Asia and Africa, lower output...

  • HAMBURG/ SINGAPORE, July 29- U.S. wheat, corn and soybeans resumed their recent falls on Wednesday after rising on bargain-buying on Tuesday, with prices again around one-month lows as attention returned to the good U.S. harvest outlook. "Wheat, corn and soybeans are again weaker today as the market's attention has returned to the good U.S. crop prospects with near...

  • The 58- year-old, whose lush paddy fields in the Shonai plain overlook the Sea of Japan, is in the minority among farmers generally opposed to a pact being negotiated in Hawaii this week that could make selling their products harder. Japan's reluctance to open up to more imports, including of rice, has been a major stumbling block to the TPP, and Tokyo held bilateral...

  • Corn futures continued to struggle, falling for six out of nine sessions as near-perfect weather weighed on prices while wheat slid under harvest pressure. *The USDA said 62 percent of the U.S. soybean crop was in good to excellent condition, same as last week, but below the previous year's 71 percent. *The USDA said 85 percent of the winter wheat crop has been...

  • TOLEDO, Ohio— Toledo has detected the first signs in Lake Erie of the dangerous toxin that resulted in a water crisis last year that left 400,000 people in northwestern Ohio and southeastern Michigan without safe tap water for two days. Toledo Mayor Paula Hicks-Hudson and city officials announced late Monday that the intake mechanisms that draw Toledo's...

  • DES MOINES, Iowa— The U.S. government expects to spend $191 million to pay chicken and turkey farmers for birds lost to avian flu, Agriculture Secretary Tom Vilsack said Tuesday as he called for Congress to consider a disaster program for poultry producers similar to that for other livestock farmers. Iowa, Minnesota and Missouri lost the most birds.

  • *Corn flat amid improving crop conditions. WINNIPEG, Manitoba, July 28- Chicago soybean and wheat futures bounced on Tuesday, rising on bargain-buying and short-covering after recent lows, while corn was steady. The USDA said 62 percent of the U.S. soybean crop was in good to excellent condition, same as last week but below the previous year's 71 percent.

  • French farmers protest taps into freewheeling tradition Tuesday, 28 Jul 2015 | 11:08 AM ET

    PARIS— Over the past week, French farmers have used tractors to block the border with Germany and chucked foreign vegetables off trucks in protest of cheap imports. They are protesting increasingly slim margins they blame on cheap imports and high social charges, which they say make them unable to compete against Germany, much less Eastern Europe.

  • The company lowered its full-year operating earnings forecast to $3.10 per share from $4 per share- 80 cents due to the spin-off and 10 cents due to weak agricultural sales. The company is speeding up its cost-reduction program to combat the impact of weakening sales, and in January raised its cost-reduction target by $300 million to at least $1.3 billion by...

  • Grain higher and livestock higher Tuesday, 28 Jul 2015 | 10:42 AM ET

    CHICAGO— Grain futures were higher Tuesday in early trading on the Chicago Board of Trade. Wheat for September delivery was 6 cents higher at $5.0840 a bushel; December corn was. 50 cent higher at $3.8420 a bushel; December oats were 1 cent higher at $2.40 bushel; while November soybeans were 10 cents lower at 9.4320 cents a bushel. October live cattle was 1.30 cents...

  • Intrepid Potash reports 2Q loss Tuesday, 28 Jul 2015 | 8:27 AM ET

    DENVER _ Intrepid Potash Inc. on Tuesday reported a second-quarter loss of $4.9 million, after reporting a profit in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share. Intrepid Potash shares have dropped 38 percent since the beginning of the year.

  • *Wheat, soybeans up after deep losses. PARIS/ SINGAPORE, July 28- Chicago corn futures slid for a third consecutive session on Tuesday to a one-month low with pressure from ideal weather across the U.S. Wheat rose following a drop to one-month lows on Monday while soybeans firmed after shedding nearly 6 percent over the last three sessions.

  • Shares of DuPont, which completed the spin-off of Chemours Co on July 1, were down about 1.5 percent at $55.89 in premarket trading on Tuesday. DuPont's agriculture business, which accounted for about 37 percent of its sales, is being weighed down by weak global demand for crop protection products, reduced corn farming in Latin America and lower soybean volumes...

  • ALBUQUERQUE, N.M.— Green chiles have defined New Mexico for generations, gaining fans and fame around the globe. "The labor force is getting older and not a lot of young people are getting into the business," said Ed Ogaz, owner of the Anthony, New Mexico- based chile wholesaler Seco Spice Co. "Something needs to happen." Chile has been a staple of New Mexico cuisine for...

  • *Soybeans up after deep losses, wheat ticks higher. Soybeans rose after dropping nearly 6 percent over the last three sessions, while wheat firmed following a drop to one-month low on Monday. Chicago Board of Trade front-month corn slid as much as 0.4 percent to $3.71-1/ 2 a bushel by 0252 GMT, weakest since June 25.

  • GRAINS-Corn rises after sharp drop; soy, wheat firm Monday, 27 Jul 2015 | 8:57 PM ET

    SINGAPORE, July 28- Chicago corn futures edged up on Tuesday, after suffering its biggest one-day decline since September 2013 in the previous session due to pressure from ideal weather for crop development across the U.S. grain belt. Soybeans rose after dropping almost 6 percent over the last three sessions, while wheat firmed following a drop to one-month low...