Food and Beverage Agriculture

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  • SYDNEY, Feb 3- U.S. corn edged lower on Wednesday to give back much of its gains from the previous session when prices hit a six-week peak, as ample global supply offset support from short-covering. *Chicago Board of Trade front-month corn fell 0.27 percent to $3.71-1/ 2 a bushel, having gained 0.34 percent in the previous session when prices marked a six-week top of...

  • Exxon and UBS are big market movers Tuesday, 2 Feb 2016 | 4:24 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq stock market:. Exxon Mobil Corp., down $1.70 to $74.59. UBS Group AG, down $1.29 to $15.23.

  • Coming back to a grill near you: Argentine steaks Tuesday, 2 Feb 2016 | 4:02 PM ET

    BUENOS AIRES, Feb 2- Argentina could reclaim a strong presence on dining tables worldwide by exporting up to twice as much beef in the next two years, after the new center-right government cut export taxes and quotas on the red meat, industry groups said. "Argentina is returning to the market," Mario Ravettino, president of the Consortium of Meat Exporters ABC,...

  • *Egypt cancels wheat tender amid wrangling over import terms. At the Chicago Board of Trade as of 12:12 p.m CST, the March soybean contract was up 4-1/ 2 cents at $8.85-1/ 4 per bushel after reaching $8.89-1/ 2, its highest since Dec. 22. March corn was up 1/ 2 cent at $3.71-3/ 4 a bushel after touching $3.73-3/ 4, its highest since Dec. 22.

  • Cuban sugar harvest bogged down by rain and humidity Tuesday, 2 Feb 2016 | 11:19 AM ET

    HAVANA, Feb 2- Cuban farmers spent January slogging through mud to harvest cane with low sugar yields as unseasonal rain and heat dashed hopes of equaling last year's output. "January rains and humidity forced the partial paralysis of operations at five mills and three others scheduled to open had to postpone operations," reported Vanguardia, the Communist...

  • Grain mixed, livestock mixed Tuesday, 2 Feb 2016 | 10:38 AM ET

    CHICAGO— Grain futures were mixed Tuesday in early trading on the Chicago Board of Trade. Wheat for March delivery was 2.50 cents higher at $4.7760 a bushel; March corn was 1.25 cents lower at $3.70 a bushel; March oats were 1 cent higher at $1.9820 a bushel; while March soybeans was. 50 cent lower 8.80 a bushel. April live cattle was. 15 cent higher at $1.3458 a pound;...

  • *Egypt cancels tender amid wrangling over import terms. PARIS/ SINGAPORE, Feb 2- U.S. and European wheat futures dipped on Tuesday as ample supplies continued to weigh on sentiment and uncertainty over import policy in top buyer Egypt fuelled export concerns. Chicago Board of Trade most-active wheat was down 0.2 percent at $4.74-1/ 4 a bushel by 1255 GMT, adding to a...

  • ADM punished in market awash in grain Tuesday, 2 Feb 2016 | 7:17 AM ET

    DECATUR, Ill.— Shares of Archer Daniels tumbled 8 percent Tuesday as rising stockpiles of grain, plunging energy prices, and a strong dollar took a toll on the agribusiness giant. The Chicago company had a net income of $718 million, or $1.19 per share, compared with $701 million, or $1.08 a share, from the same period last year. That was a penny less than expected on Wall...

  • SINGAPORE, Feb 2- Chicago wheat futures were largely unchanged on Tuesday, after falling in the previous session with the market facing headwinds from plentiful global supplies and improved crop conditions in top U.S. producing areas. Condition ratings for winter wheat improved during January in Kansas, the top U.S. winter wheat state, but declined elsewhere...

  • SYDNEY, Feb 2- U.S. wheat was steady on Tuesday, taking a breather after closing down nearly 1 percent in the previous session as ample global supplies weighed on prices. *Chicago Board of Trade front-month wheat stood unchanged at $4.75-1/ 4 a bushel, having ended Monday down 0.8 percent. *Egypt's main state wheat buyer, the General Authority for Supply Commodities,...

  • TEGUCIGALPA, Feb 1- Coffee exports from Honduras rose 1.9 percent in January compared to the same month last year, national coffee institute IHCAFE said on Monday, despite a new report of smuggling large quantities of beans to both Guatemala and Mexico. The country's coffee exporters association, ADECAFEH, estimated on Monday that some 345,000 bags during the...

  • Honduras coffee exports up nearly 2 pct in Jan Monday, 1 Feb 2016 | 6:12 PM ET

    TEGUCIGALPA, Feb 1- Coffee exports from Honduras rose 1.9 percent in January compared to the same month last year, national coffee institute IHCAFE said on Monday. Coffee shipments from Honduras, Central America's biggest producer, totaled 535,628 60- kg bags in January. During the first four months of the current 2015/ 2016 season, Honduras shipped 958,678 bags,...

  • *India importing corn for first time in 16 years. *India may soon have to import oilmeals- traders. NEW DELHI, Feb 2- India's prime minister held a late night meeting with food and farm officials last week to address falling agricultural output and rising prices, and traders warn the country will soon be a net buyer of some key commodities for the first time in years.

  • *Soy, corn down as Argentina weather forecasts improve. Corn and soybeans also fell as macroeconomic worries hung over the market and on some forecasts for much-needed rains in Argentina next week. At the Chicago Board of Trade, March wheat ended 4 cents lower at $4.75-1/ 4 per bushel.

  • *Soy, corn down as Argentina weather forecasts improve. Corn and soybeans also fell as macroeconomic worries hung over the market and on some forecasts for much-needed rains in Argentina next week. "The bottom line is, world competition for wheat continues to be pretty stiff, and we are not getting any," said Tom Fritz, a partner with EFG Group in Chicago.

  • SAN JOSE, Feb 1- Costa Rico's coffee exports fell 19.7 percent in January compared with the same month a year earlier, the country's national coffee institute ICAFE said on Monday. During the first four months of the 2015/ 2016 season, Costa Rica shipped 168,849 bags, down about 19 percent compared with the same four-month period during the previous 2014/ 2015...

  • SAN JOSE, Feb 1- Costa Rico's coffee exports fell 19.7 percent in January, the country's national coffee institute ICAFE said on Monday. During the first four months of the 2015/ 2016 season, Costa Rica shipped 168,849 bags, down about 19 percent compared with the same four-month period during the previous 2014/ 2015 season. The coffee season in Central America and...

  • Grain lower, livestock higher Monday, 1 Feb 2016 | 10:50 AM ET

    CHICAGO— Grain futures were lower Monday in early trading on the Chicago Board of Trade. Wheat for March delivery was 5 cents lower at $4.7420 a bushel; March corn was 2 cents higher at $3.70 a bushel; March oats were 25 cents higher at $1.9860 a bushel; while March soybeans was. 50 cent lower 8.8160 a bushel. April live cattle was. 63 cent higher at $1.3463 a pound; March...

  • BANGKOK— Thailand, which faces possible trade sanctions over abuses in its seafood industry, says it has accelerated its fight against human trafficking and unregulated fishing. The EU has warned Thailand, the world's third-largest exporter of seafood, that its seafood may be banned if it fails to institute effective measures against unregulated fishing.

  • *Wheat down, Russia not seen changing grain export tax. HAMBURG/ SINGAPORE, Feb 1- Chicago wheat fell on Monday, pressured taxes, while Egypt's rejection of a wheat shipment over the weekend raised doubts about demand from the major importer. "The focus on wheat is on the likelihood that Russia will not change its grain export taxes and so is not set to reduce its major...