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Food and Beverage Agriculture

  • CHICAGO, May 22- Chicago Board of Trade corn and soybean futures rose on Monday morning, supported by concerns that rain will delay field work in key growing areas and may damage some recently seeded crops, traders said. CBOT July corn futures ended up 2-1/ 2 cents at $3.75 a bushel. Soybean futures for July delivery were 3-1/ 2 cents higher at $9.56-1/ 2 a bushel.

  • CHICAGO, May 22- Chicago Board of Trade corn and soybean futures rose on Monday morning, supported by concerns that rain will delay field work in key growing areas and may damage some recently seeded crops, traders said. At 10:42 a.m. CDT, CBOT July corn futures were up 4-1/ 2 cents at $3.77. Soybean futures for July delivery were 5-1/ 2 cents higher at $9.58-1/ 2 a bushel.

  • CHICAGO— Grain futures were higher Monday in early trading on the Chicago Board of Trade. Wheat for July delivery was 2.60 cents higher at $4.38 a bushel; July corn was up 2.40 cents at $3.75 a bushel; July oats was up 1 cent at $2.4260 a bushel while July soybeans gained 3.20 cents to $9.5620 a bushel. June live cattle was. 15 cent higher at $1.2360 a pound; May feeder...

  • PARIS/ SINGAPORE, May 22- Chicago corn and wheat extended gains on Monday to notch up two-week highs, while soybeans also stayed firm as wet, cool weather in U.S. grain belts raised risks for spring crop planting and winter wheat harvesting. The Chicago Board Of Trade most-active corn contract was up 0.3 percent at $3.73-3/ 4 a bushel by 1156 GMT, after climbing to its...

  • BEIJING, May 22- China said on Monday it will impose hefty penalties on sugar imports after lobbying by domestic mills, but experts said the ruling may not go far enough to stem the flow of lower-priced sweetener into the world's top importer. The move could dent imports from top growers such as Brazil and Thailand as it will close the big gap between Chinese and...

  • *Ruling seen closing gap between China and global prices. BEIJING, May 22- China said on Monday it will impose hefty penalties on sugar imports after lobbying by domestic mills, but experts said the ruling may not go far enough to stem the flow of lower-priced sweetener into the world's top importer. These include some of China's closest trading partners such as...

  • *Corn rises to highest since May 10, soybeans extend gains. SINGAPORE, May 22- Chicago corn futures rose for a second straight session on Monday, climbing to their highest since May 10, while soybeans gained more ground with cold and wet weather expected to delay planting in parts of the U.S. The Chicago Board Of Trade most-active corn contract was up 0.3 percent at...

  • BEIJING, May 22- China said on Monday it will impose hefty penalties on sugar imports in the first ruling to come out of a months-long anti-dumping probe, a victory for domestic sugar mills struggling against cheap imports from Brazil and Thailand. Beijing will levy an extra 45- percent duty on top of the current 50 percent duty for out-of-quota sugar imports for...

  • BEIJING, May 22- China said on Monday it will put hefty penalties on sugar imports in the first ruling to come out of a months-long anti-dumping probe, a victory for domestic sugar mills after years of lobbying. Beijing will levy an extra 45- percent duty on top of the current 50 percent duty for out-of-quota sugar imports for this fiscal year, according to a...

  • SYDNEY, May 22- U.S. wheat rose nearly 1 percent on Monday as forecasts for heavy rains across a key U.S. growing region pushed the grain to a two-week high. *The most active wheat futures on the Chicago Board Of Trade rose 0.9 percent to $4.39 a bushel by 0105 GM, near the session high of $4.39-1/ 4 a bushel- the highest since May 8. *Oil prices rose on Monday, supported by...

  • May 21- Hunstman Corp and Clariant AG are set to announce their merger on Monday, creating a chemical manufacturer with a market value of more than $14 billion, people familiar with the matter said on Sunday. The deal would combine Clariant, a Muttenz, Switzerland- based maker of aircraft de-icing fluids, pesticide ingredients and plastic coloring, with Woodlands,...

  • *U.S. may challenge top beef exporter Brazil in China. CHICAGO, May 19- Talks on restarting U.S. beef exports to China are moving fast and final details should be in place by early June, the U.S. Department of Agriculture said on Friday, allowing American farmers to vie for business that has been lost by rival Brazil. As part of a trade deal, U.S. ranchers are set to halt the...

  • The size of the deal eclipsed the total of privately negotiated U.S. wheat shipments to Egypt for all of the 2016/ 17 crop year. Egypt bought 115,000 tonnes of U.S. wheat for the 2017/ 18 crop year at prices ranging from $207.25 to $207.90 a tonne, including freight, in the most recent deal. Total wheat shipments to Egypt are expected to grow to 12 million tonnes in the...

  • Soybeans firmed in a light rebound from Thursday's 3 percent sell-off as Brazil's currency stabilized. As of 12:34 p.m CDT, Chicago Board of Trade July corn was up 6-1/ 2 cents at $3.72-1/ 2 per bushel after reaching $3.73, its highest since May 11. CBOT July soybeans were up 9-1/ 2 cents at $9.54-1/ 4 a bushel and July wheat was up 9 cents at $4.34-3/ 4 a bushel.

  • May 19- Deere& Co raised its full-year sales and profit forecast for the second time, as demand improves for its farm and construction equipment, particularly in South America, sending its shares to a record high of $122.22. The company said it expected fiscal 2017 industry sales of tractors and combined harvesters in South America to be at the high-end of its...

  • CHICAGO— Grain futures were higher Friday in early trading on the Chicago Board of Trade. Wheat for July delivery was 4.60 cents higher at $4.3040 a bushel; July corn was up 5 cents at $3.71 a bushel; July oats was up 3 cents at $2.39 a bushel while July soybeans gained 7.60 cents to $9.5240 a bushel. June live cattle was. 20 cent lower at $1.2273 a pound; May feeder cattle...

  • *Sees FY 2017 profit of about $2 bln, up from $1.5 bln. *Q2 profit $1.94/ shr vs est $1.68. "We are seeing modestly higher overall demand for our products, with farm machinery sales in South America experiencing a strong recovery," Chief executive Samuel Allen said in a statement.

  • Deere excavator dirt

    The U.S. farm equipment maker raised its fiscal 2017 financial forecast.

  • Deere now expects fiscal 2017 net income attributable to the company to be about $2 billion, up from $1.5 billion previously. "We are seeing modestly higher overall demand for our products, with farm machinery sales in South America experiencing a strong recovery," Chief executive Samuel Allen said in a statement. Net income attributable to Deere rose to $802.4...

  • The Chicago Board of Trade most-active soybean contract was up 0.8 percent at $9.52-1/ 2 a bushel but was on course for a weekly loss of 1.1 percent. Farmers in Brazil rushed to sell soybeans which had been locked in storage bins for weeks and the currency move made their supplies more affordable than exports from the United States. Brazil just completed its...