Food and Beverage Agriculture

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  • The previous Conservative government, which the Liberals defeated in October, had promised before the last election to compensate dairy, poultry and egg farmers a total of C $4.3 billion over 15 years for losses under the European Union trade deal as well as the Trans-Pacific Partnership. Under Canada's free trade deal with the European Union, which the...

  • CHICAGO— Grain futures were mostly lower Monday in early trading on the Chicago Board of Trade. Wheat for May delivery was 2.50 cents lower at $4.7540 a bushel; May corn was 4.25 cents lower at $3.86 bushel; July oats was unchanged at $2.0560 a bushel; while May soybeans lost 5.50 cents to $10.1540 a bushel. June live cattle was. 1.15 cents higher at $1.1608 a pound; May...

  • CHICAGO, May 2- Chicago Board of Trade corn and soybean futures weakened on Monday on forecasts for dry weather across the U.S. "The balance of the week is favourably dry for the Midwest/South and will allow for substantial planting progress, particularly given the slightly lesser weekend rain totals compared to expectations," Commodity Weather Group said in a...

  • PARIS/ SYDNEY, May 2- U.S. corn edged lower on Monday as the expected return of dry weather was seen as boosting progress on planting, placing the focus on ample supplies after a steep price rally last month. The most active corn futures on the Chicago Board of Trade fell 0.26 percent to $3.90-3/ 4 a bushel by 1113 GMT, after climbing 11 percent during April.

  • NEW DELHI/ MUMBAI, May 2- India will soon scrap an order that requires sugar mills to export excess supply, two government officials said on Monday, after back-to-back droughts look set to turn the country into a net importer by October. Late last year the government asked mills to export as much as 3.2 million tonnes to deal with what was then a glut that dragged...

  • SYDNEY, May 2- U.S. corn dropped on Monday, hit planting in parts of the United States. Soybean prices edged higher on production losses in Argentina, while wheat was little changed. The most active corn futures on the Chicago Board of Trade fell 0.26 percent to $3.90-3/ 4 a bushel, having gained 0.13 percent in the previous session.

  • SYDNEY, May 2- U.S. soybean futures edged higher on Monday, extending gains into a second session as rains likely hurt some crops in Argentina. *The most active soybean futures on the Chicago Board of Trade rose 0.2 percent to $10.31-3/ 4 a bushel, having firmed 0.22 percent on Friday. *Rains in South America provided some support to prices last week, as excessive...

  • *Top producers India, Thailand and Vietnam suffer severe drought. A heat wave is sweeping top rice exporter India, while the No.2 supplier Thailand is facing a second year of drought. "As of now we haven't seen a large price reaction to hot and dry weather because we have had such significant surplus stocks in India and Thailand.

  • PIERRE, S.D.— South Dakota's sales tax collections on farm equipment have fallen from record highs in recent years as profits in the agriculture sector decline, a slide that has forced farmers to tighten budgets and caused sales slumps for machinery dealers. The U.S. Department of Agriculture predicts farm income will drop again in 2016 to its lowest level in...

  • SAO PAULO, April 29- Brazilian grains company Fiagril Participações SA sold a controlling stake to China's Hunan Dakang Pasture Farming Co Ltd, a unit of Shanghai Pengxin Group Co, the Brazilian company said on Friday. Two sources with direct knowledge of the deal said the Chinese firm bought a 57 percent stake in family-owned Fiagril, the latest move by...

  • CHICAGO, April 29- Chicago Board of Trade corn, soybean and wheat futures all posted modest gains on Friday, supported by a mild round of end-of-month short-covering as well as technical buying when prices dipped into negative territory during the trading session. "The weather is wet across the corn belt through the weekend, but dries out next week to let the boys...

  • Shipments from Argentina will also battle for business against Brazil's sizable safrinha crop in the months ahead. The U.S. Department of Agriculture says corn planting in Argentina is expected to shoot to 4.2 million hectares in the 2016/ 17 season, compared to 3.2 million hectares in the 2015/ 16 crop year. The USDA's office in Argentina forecasts 2016/ 17 corn...

  • Surfer California

    Florida Gov. Rick Scott will be in California next week railing against a $15 minimum wage to lure jobs to the Sunshine State.

  • LONDON, April 29- U.S. soybean futures declined on Friday, retreating further from a more than one-year high set in the previous session, with drier weather in Argentina seen aiding harvest progress but crop losses from recent flooding still widely anticipated. Corn futures inched higher on an expected dip in production due to dry weather in Brazil, while wheat...

  • SYDNEY, April 29- U.S. soybeans edged down on Friday after climbing to a more than one-year high in the previous session, although prices remained on track for a third straight weekly gain on concerns about production losses in South America. The most active soybean futures on the Chicago Board Of Trade fell 0.6 percent to $10.21-3/ 4 a bushel by 0243 GMT.

  • SYDNEY, April 29- U.S. soybeans fell for a second session on Friday, but the oilseed was still ahead for the week and poised to extend its three-week gains to nearly 12 percent due to concerns over adverse weather in South America. *USDA said weekly corn export sales topped 2.6 million tonnes, the highest combined old-crop and new-crop total in four years.

  • TORONTO— Philip Kives, the tireless TV pitchman whose commercials implored viewers to "wait, there's more!" Kives became wealthy after founding marketing company K-tel International, which sold Miracle Brush hair removers, Veg-o-matic vegetable slicers and compilation albums with such titles as "Goofy Greats" among numerous other products.

  • CHICAGO, April 28- U.S. corn futures rose 1.9 percent on Thursday, with concerns about crops in South America spurring export demand for U.S. supplies, traders said. "The exports were a big wake-up call," said Mark Schultz, chief analyst at Northstar Commodity Investment Co.. Chicago Board of Trade May corn futures settled up 6-1/ 4 cents at $3.87 a bushel.

  • April 28- Dry weather in Brazil may reduce the country's winter corn crop by 5 million to 10 million tonnes, resulting in a similar drop in exports from the world's No. 2 supplier of the grain, Bunge CEO Soren Schroder said on Thursday. Brazil last week scrapped import duties on corn from countries outside the Mercosur trade bloc in an effort to curb record domestic...

  • 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.