Food and Beverage Agriculture

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  • *Corn gains for 3rd week as Brazil faces supply shortfall. SINGAPORE, May 27- U.S. soybean prices rose on Friday with the market poised for a seventh consecutive week of gains, the longest such rally in seven years, boosted by production losses in key exporter Argentina. Corn is up for a third week on support from lower supplies in Brazil, while wheat edged lower after...

  • California Gov. Jerry Brown gestures as he answers a reporter's question concerning his revised 2016-17 state budget plan released May 13, 2016, in Sacramento, Calif.

    California's economy is on fire but the state's finances are another story and the governor is warning of a slowdown or recession down the road.

  • *Rain-hit Argentina harvest causes concerns over exports. At the Chicago Board of Trade as of 11:05 a.m. CDT July soybeans were down 4-1/ 2 cents at $10.81 per bushel after reaching $10.98, the highest spot price since September 2014. CBOT July wheat rose up 10-1/ 2 cents at $4.76-1/ 2 a bushel and July corn added up 2-1/ 2 cents at $4.07-1/ 4 a bushel.

  • *Fast, precise new tool for editing crops and livestock. LONDON, May 26- Heat-tolerant Angus beef cattle designed for the tropics with white coats instead of black or red. In a research lab in Norwich, 100 miles northeast of London, Wendy Harwood is making exact DNA tweaks in barley plants to produce better-germinating grain, with higher yield and quality.

  • *Rain-hit Argentina harvest causes concerns over exports. PARIS/ SINGAPORE, May 26- U.S. soybean and soymeal futures extended gains on Thursday to trade at levels last seen in 2014, as investors continued to fret about the prospect of reduced supply from exporter Argentina after a rain-hit harvest. The Chicago Board of Trade most-active soybean contract were...

  • *Philippines suffering mounting damage to rice crop. MANILA, May 26- While Philippine elections this month were dominated by talk about crushing crime, the next president faces another critical early test: ensuring there is enough rice for the country's more than 100 million people. "Now is the right time to import as prices are starting to trend up," said Bruce...

  • Investing in the sugar industry

    Stephen Macklow-Smith, head of Europe equities strategy at JPMorgan, and Steen Jakobsen, Saxo Bank chief economist, discuss Tate & Lyle and sugar.

  • *Argentina crop concerns lift prices, speculators long in meal. SINGAPORE, May 26- U.S. soybeans hit their highest in two weeks on Thursday and soymeal jumped to an 18- month peak, with prices underpinned by concerns over lower supplies from key exporter Argentina. "The main concern driving soybean and meal prices higher is the damage to crops in Argentina, but...

  • SYDNEY, May 26- U.S. soybeans retained strong gains from the previous session on Thursday after earlier hitting a 15- day high on concerns over shortfalls in Argentina's oilseed production. *The most active soybean futures on the Chicago Board Of Trade was steady at $10.85 a bushel, having earlier hit a high of $10.88-1/ 4 a bushel- the strongest since May 11 when...

  • China announced two months ago that it planned to scrap its corn stockpiling system, which had left it with the biggest corn supplies in the world, put premiums on domestic prices and brought a flood of corn and alternative feed imports. Total sorghum stocks as of March 1 was at the highest in nearly two decades, USDA data shows, as demand fell off a cliff.

  • WINNIPEG, May 25- U.S. soybean futures jumped 3 percent on Wednesday, the biggest gain for the most-active contract in two weeks, boosted by concerns about a possible shortage of soymeal from Argentina. Chicago Board of Trade July soybeans gained 30-3/ 4 cents at $10.85-1/ 2 a bushel, touching a one-week high. "It's all on the meal market," said Bill Gary, president of...

  • BUENOS AIRES, May 25- Flooding in Argentina has cut into the country's expected soybean output by 4 million to 8 million tonnes, even as higher-than-expected yields in dryer areas offset some of the losses, local farm analysts said on Wednesday. But analyst Pablo Adreani, of the Buenos Aires- based AgriPAC consultancy, said flood losses far outweigh gains...

  • WINNIPEG, May 25- U.S. soybean futures jumped more than 2 percent on Wednesday, boosted by concerns about a possible shortage of soymeal from Argentina. Chicago Board of Trade July soybeans was up 22-3/ 4 cents, or 2.2 percent, at $10.77-1/ 2 a bushel at 10:14 a.m. CDT. "It's all on the meal market," said Bill Gary, president of Commodity Information Systems.

  • CHICAGO— Grain futures were higher Wednesday in early trading on the Chicago Board of Trade. Wheat for July delivery was 2 cents a bale higher at $4.66 a bushel; July corn was 4.50 cents higher at $4.0220 bushel; July oats was 2.50 cents higher at $1.9140 a bushel; while July soybeans gained 22.50 cents to $10.7720 a bushel. June live cattle was. 08 cent higher at...

  • HAMBURG/ SINGAPORE, May 25- U.S. wheat futures rose for a second session on Wednesday, underpinned by forecasts of rain in the U.S. Soybeans rose on renewed worries about the impact of recent rain damage to Argentina's crop now being harvested. Chicago Board of Trade most-active July wheat was up 0.5 percent to $4.66-1/ 2 a bushel at 0955 GMT.

  • MINNEAPOLIS— The state of Minnesota and Land O'Lakes announced a partnership Wednesday to improve water quality in farm country, leveraging the farmer-owned cooperative's retail network to help expand a state program that encourages farmers to voluntarily implement conservation practices. The network has more than 300 agricultural retailers in...

  • HANOI, May 25- As rain returns to Vietnam's parched coffee growing region after the worst drought in 30 years, it will be too late for some farmers with nearly a fifth of coffee trees either dead or damaged. Vietnam accounts for about 20 percent of global coffee output. Vicofa has forecast the coming 2016/ 17 harvest due to start in October could fall by up to 30 percent...

  • Monsanto worth $130 per share: Expert

    Dennis Gartman, founder, editor & publisher of The Gartman Letter, comments on Monsanto's decision to reject the Bayer acquisition proposal.

  • SINGAPORE, May 25- U.S. wheat futures rose for a second session on Wednesday with prices underpinned by forecasts of rains in the U.S. Plains winter wheat belt will diminish in the southwest the rest of this week allowing some improvement in harvest conditions, but southeastern areas remain unfavorably wet, Commodity Weather Group said. Chicago Board of Trade...

  • SYDNEY, May 25- U.S. wheat rose for a second session on Wednesday, with concerns over possible unfavorable weather in key producing regions pushing it further from a 12- day low touched the day before. *The most active wheat futures on the Chicago Board of Trade advanced 0.46 percent to $4.66-1/ 4 a bushel, after closing up on Tuesday. It touched its lowest since May 12...