Food and Beverage Agriculture

  • Illegal fishing, which includes catching undersized fish, exceeding quotas and casting nets in protected areas, leads to an estimated $23 billion in annual losses, according to the United Nations. Slavery has been documented in the fishing sectors of more than 50 countries, according to U.S. State Department reports. However, Phil Robertson, deputy Asia...

  • CHICAGO/ PARIS, Nov 25- Chicago Board of Trade soybean futures rose on Friday to a new four-month high as stronger than expected weekly exports and an easing dollar provided support as trading resumed after a holiday closure. CBOT January soybeans were up 4.50 cents at $10.38-1/ 2 per bushel by 1701 GMT, off an earlier four-month high of $10.39-3/ 4.

  • The case was confirmed in Cloppenburg in north Germany and is the first farm-based case in Lower Saxony, one of Europe's largest poultry production regions, the state's agriculture ministry said. The contagious H5N8 strain has been repeatedly found in wild birds in much of Germany in recent days and the country's government has tightened sanitary rules for...

  • LONDON, Nov 24- Global grain stocks are expected to surpass 500 million tonnes for the first time at the end of the 2016/ 17 season, the International Grains Council said on Thursday, raising its forecasts for both corn and wheat production. The IGC raised its forecast for the 2016/ 17 world corn crop by 7 million tonnes to a record 1.042 billion tonnes, mainly...

  • The case was confirmed in Cloppenburg in north Germany and is the first farm-based case in Lower Saxony, one of Europe's largest poultry production regions, the state's agriculture ministry said. The contagious H5N8 strain has been repeatedly found in wild birds in much of Germany in recent days and the country's government has tightened sanitary rules for...

  • SYDNEY, Nov 24- Hot, dry weather is expected to hit Australia's largest cattle producing region over the next three months, potentially curbing the beef industry's recovery from multi-year drought in the world's No.4 exporter of the meat. Australia's cattle industry is rebuilding after a three-year drought drove the size of the national herd to at least a 20-...

  • WINNIPEG, Manitoba, Nov 23- Canada may ban an insect-killing chemical used to protect crops because it harms aquatic bugs, including midges and mayflies, while the government continues to investigate whether imidacloprid poses a risk to bees. There is no such ban anywhere in North America yet, said Scott Kirby, director general of environmental assessment at...

  • WINNIPEG, Manitoba, Nov 23- A Canadian government agency recommends phasing out an insect-killing chemical used on farms to protect crops, saying that it also harms aquatic bugs, including midges and mayflies. The Pest Management Regulatory Agency said on Wednesday that imidacloprid, used on a variety of crops, should be phased out in three years, or five years...

  • Less discounting during the quarter, especially on agricultural machinery, contributed to higher pricing, Tony Huegel, director of investor relations said during the conference call. "It was all kind of internal- either pricing or cost cutting," said Jefferies analyst Stephen Volkmann. The company also saw fiscal 2017 net income declining to about $1.4 billion,...

  • NEW YORK, Nov 23- The U.S. government on Wednesday issued final requirements for biofuel use for next year, saying energy companies must boost the amount of renewables in the nation's fuel supply in a move that drew praise from the biofuels sector after years of criticism. The EPA is required to set targets by the Renewable Fuel Standard, with annual mandates for...

  • Potash Corp is still completing a multiyear expansion of its Rocanville, Saskatchewan, mine. Potash Corp has long matched supply to demand, and that practice will continue, spokesman Randy Burton said. Potash Corp shares dipped 1 percent in New York.

  • The company said it would cut production at its Cory, Saskatchewan, mine to 0.8 million tonnes a year from 1.4 million, resulting in a reduction of 100 jobs and 40 temporary positions starting in February. Potash Corp is still completing a multiyear expansion of its Rocanville, Saskatchewan, mine. Potash Corp shares dipped 0.8 percent in New York.

  • NEW YORK, Nov 23- The U.S. government on Wednesday announced finalized targets for biofuel use for next year, requiring that energy companies blend 19.28 billion gallons of renewables into the nation's fuel supply. The Environmental Protection Agency in a statement set the target for conventional biofuel, or ethanol, at 15 billion gallons and the advanced...

  • WINNIPEG, Manitoba, Nov 23- Potash Corp of Saskatchewan Inc, the world's biggest fertilizer maker by capacity, said on Wednesday that it was reducing output at one Canadian mine and temporarily curtailing production at two others, as the sector struggles with weak prices.

  • HAMBURG/ SINGAPORE, Nov 23- Chicago soybean futures fell on Wednesday, pulling back from a new four-month high hit earlier in the day as traders squared positions in advance of the market closure for the U.S. Strong Chinese soy prices and bumper U.S. export sales to China pushed soybeans to a new four-month high of $10.33-3/ 4 a bushel earlier on Wednesday after also...

  • 2017 food prices: Good for consumers, bad for farmers

    Stefan Vogel, head of agri-commodity markets research at Rabobank, says biofuels aren’t driving agri-commodity prices as much now, but rather consumption on the human and feeding side.

  • SINGAPORE, Nov 23- Chicago soybean futures rose for a fifth consecutive session on Wednesday, hitting their highest in four months, buoyed by strong Chinese demand for U.S. shipments. The most-active soybean contract on the Chicago Board Of Trade was up 0.2 percent at $10.31-3/ 4 a bushel by 0356 GMT. "There is massive amount of business happening even though there...

  • SYDNEY, Nov 23- U.S. soybeans fell for the first time in five sessions on Wednesday, retreating from a four-month high touched in the previous session, though strength in China's domestic market provided a floor to losses. *The most active soybean futures on the Chicago Board Of Trade fell 0.1 percent to $10.29-1/ 4 a bushel, having firmed nearly 1 percent on Tuesday...

  • If approved, St. Louis would be the southernmost delivery point and provide new options for farmers and traders along the lower Illinois River and the Mississippi River, said Fred Seamon, the CME's senior director of commodity research and product development. Both soybeans and wheat are already delivered in St. Louis. Two are along Lake Michigan and 23 are along...

  • But some ranchers are absorbing the cost of feeding calves longer due to quarantines by the Canadian government on 34 farms in southeast Alberta and two farms in southwest Saskatchewan. The federal Canadian Food Inspection Agency has confirmed six cases of Alberta cattle with bovine TB, dating back to the September discovery of an infected cow at a U.S....