Food and Beverage Agriculture

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  • PRETORIA, Feb 3- South Africa's Grain SA lowered its estimate for imports of maize to 3.8 million tonnes from a previous estimate of 5 million tonnes after the government's maize forecast was higher than expected, the largest producer group said on Wednesday.

  • *China soy demand seen slowing in Lunar New Year break. PARIS/ SINGAPORE, Feb 3- Chicago corn and soybeans traded little changed on Wednesday as favourable crop weather in South America capped prices after a rally to six-week highs fuelled by short-covering by investment funds. The most active Chicago Board of Trade corn contract edged 0.1 percent lower to...

  • HONG KONG— ChemChina's offer to buy Swiss pesticide giant Syngenta is the latest in a string of deals that has turned the company into a Chinese chemical colossus with an increasingly international profile. Beijing- based ChemChina, also known as China National Chemical Corp., is one of the country's biggest industrial companies, with 140,000 employees in 150...

  • ChemChina deal ‘not China nationalization’: Syngenta

    The takeover of Syngenta by ChemChina does not amount to a Chinese nationalization of the Swiss agrichemicals giant.

  • This transaction is about growth: Syngenta chairman Wednesday, 3 Feb 2016 | 2:26 AM ET
    This transaction is about growth: Syngenta chairman

    Michel Demaré, chairman of Syngenta, says the takeover deal with state-owned ChemChina is good value for shareholders.

  • HONG KONG— A Chinese state-owned chemical maker offered to buy Swiss pesticide giant Syngenta for $43 billion in what would be the biggest-ever foreign acquisition by a Chinese company. Basel- based Syngenta said in a statement that ChemChina's cash offer is worth the equivalent of 480 francs a share, including a special 5 franc dividend for shareholders if...

  • HONG KONG— ChemChina offers to buy Swiss pesticide giant Syngenta in deal valued at more than $43 billion.

  • *China, soy demand seen slowing in Lunar New Year break. SINGAPORE, Feb 3- Chicago soybeans slid on Wednesday after scaling a six-week peak in the last session as expectations of weaker demand in top importer China during the Lunar New Year break weighed on the market. China, which buys more than 60 percent of soybeans traded worldwide, will be closed next week as the...

  • 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,...