Food and Beverage Agriculture

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  • Concern about crops in South America sparked interest in U.S. supplies from overseas buyers, who typically source the bulk of their corn and soybeans needs from Brazil and Argentina at this time of year. Chicago Board of Trade front-month wheat and corn futures each jumped more than 2 percent while soybeans briefly hit their highest since August.

  • CHICAGO— Grain futures were higher Thursday in early trading on the Chicago Board of Trade. Wheat for May delivery was 9.25 cents higher at $4.8340 a bushel; May corn was 8.50 cents higher at $3.8940 bushel; May oats was unchanged at $1.96 a bushel; while May soybeans gained 11.50 cents to $10.3060 a bushel. April live cattle was. 75 cent lower at $1.2525 a pound; April...

  • *Cuts 2016 EPS to 60- 80 cents from 90 cents- $1.20/ share. *Sees Q2 EPS 15- 25 cents vs estimate of 27 cents. Near term, cutting the dividend may be the best option, although Potash should weigh alternatives, such as selling stakes in other fertilizer companies, said Ryan Bushell, portfolio manager at Leon Frazer& Associates, which owns shares.

  • Potash prices have fallen sharply over the past year due to overcapacity, declining farm income and weak currencies in major consumers such as India and Brazil. The company cut its 2016 earnings forecast to 60 cents- 80 cents per share from 90 cents- $1.20 per share. The company's net earnings fell to $75 million, or 9 cents per share, in the three months ended March 31,...

  • April 28- Potash Corp of Saskatchewan, the world's biggest fertilizer company by capacity, reported a 79.7 percent fall in first-quarter profit, hurt by weak potash prices. The company's net earnings fell to $75 million, or 9 cents per share, in the three months ended March 31, from $370 million, or 44 cents per share, a year earlier. Revenue fell 27.4 percent to $1.21...

  • Poor weather in North Korea contributed to poor farm yields and a severe famine in the 1990s that reportedly killed hundreds of thousands.

    North Korea’s already-low food supply is set to deteriorate this year as dry weather hits crop yields, the U.N. has warned.

  • SINGAPORE, April 28- U.S. soybeans slid on Thursday on profit-taking by funds, while corn edged lower as parched farms in Brazil received showers, easing crop concerns. The Chicago Board of Trade most-active soybean contract had fallen 0.8 percent to $10.20-3/ 4 a bushel by 0258 GMT, corn lost 0.5 percent to $3.83 a bushel and wheat gave up 0.3 percent to $4.82-1/ 4 a...

  • SYDNEY, April 28- Australia is expected to see higher rainfall than average from May to July, watering crops and boosting the fortunes of farmers in one of the world's top exporters of commodities ranging from grains to beef. As the strongest El Nino in the last 20 years eases, there is a 70- percent chance much of Australia will see above average rainfall over the...

  • SYDNEY, April 28- U.S. soybeans dipped nearly half a percent on Thursday as prices fell for the first time in three sessions, although fears of production losses in Argentina kept a floor under losses. *The most active soybean futures on the Chicago Board Of Trade fell 0.44 percent to $10.24 a bushel, having firmed 0.12 percent on Wednesday. *Argentina's soybean crop...

  • CHICAGO, April 27- U.S. corn and wheat futures fell on Wednesday, setting back from two days of gains on profit taking as speculators locked in gains on recent short-covering rallies, traders said. "The funds have gotten heavy long up here," said Mark Gold, managing partner with Top Third Ag Marketing in Chicago. Chicago Board of Trade soybeans for May delivery ended up...

  • BUENOS AIRES, April 27- A third of Argentina's soy farms remain swamped after early April storms, with crop loss estimates at 5 million tonnes as harvesting starts in areas dry enough to support the 30- tonne carbines used to bring in the beans, experts said on Wednesday. The weather is improving, but big importers like China are already looking to the Midwest to...

  • Garbage piles up on William Street in New York City.

    Food waste and trash in general are turning into such big problems that some cities are promoting in-sink garbage disposals to reduce food waste.

  • CHICAGO, April 27- U.S. corn, soybean and wheat futures eased on Wednesday, setting back from two days of gains on profit taking as speculators locked in some of the gains they have made on recent short-covering rallies, traders said. "The funds have gotten heavy long up here," said Mark Gold, managing partner with Top Third Ag Marketing in Chicago.

  • LONDON, April 27- U.S. soybean futures were lower on Wednesday as drier weather in Argentina helped to curb crop concerns following heavy flooding and corn prices also eased slightly. The Chicago Board of Trade most-active July soybean contract was off 0.3 percent to $10.23-3/ 4 a bushel at 1033 GMT. "The rally was mainly driven by weather concerns in Argentina...

  • SINGAPORE, April 27- U.S. soybean futures slid 0.7 percent on Wednesday, snapping a two-day rising streak, as the market gave up some of the weather premium with improving crop conditions in Argentina. Chicago Board of Trade most-active soybean contract lost 0.7 percent to $10.20-1/ 4 a bushel by 0235 GMT, after climbing more than 3 percent in two days.

  • SYDNEY, April 27- U.S. corn prices fell for the first time in three sessions on Wednesday, though losses were curbed by forecasts for heavy rains across key U.S. growing regions that could delay planting. *The most active wheat futures on the Chicago Board Of Trade fell 0.1 percent to $4.87-1/ 4 a bushel, having closed up 2 percent on Tuesday. *The U.S. Agriculture...

  • CHICAGO, April 26- U.S. soybean and corn futures firmed on Tuesday, their second straight day of gains, on expectations the pace of planting will slow in coming days due to wetter weather. Chicago Board of Trade May corn futures settled up 5-1/ 4 cents at $3.82-1/ 4 a bushel. CBOT May soybeans were 18 cents higher at $10.17-3/ 4 a bushel.

  • CHICAGO, April 26- U.S. soybean and corn futures firmed on Tuesday, on track for their second straight day of gains, on expectations the pace of planting will slow in coming days due to wetter weather. At 10:45 a.m. CDT, Chicago Board of Trade May corn futures were up 2-1/ 4 cents at $3.79-1/ 4 a bushel. CBOT May soybeans were 8-3/ 4 cents higher at $10.08-1/ 2 a bushel.

  • CHICAGO— Grain futures were mostly lower Tuesday in early trading on the Chicago Board of Trade. Wheat for May delivery was 2.40 cents lower at $4.6760 a bushel; May corn was 3.20 cents lower at $3.7520 bushel; May oats was 1.40 cents lower at $1.95 a bushel; while May soybeans gained 5 cents to $9.9660 a bushel. April live cattle was 1 cent higher at $1.2643 a pound;...

  • SINGAPORE, April 26- Chicago corn futures rose for a second session on Tuesday with prices underpinned by forecasts of rains which could delay the rapid pace of planting in the U.S. Chicago Board Of Trade most-active corn contract rose 0.4 percent to $3.83-1/ 4 a bushel by 0231 GMT, adding to a 1.7 percent gain in the previous session. Soybeans rose 0.1 percent to...