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Food and Beverage Agriculture

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  • Global coffee exports down 3.6 pct in July - ICO Friday, 28 Aug 2015 | 11:23 AM ET

    LONDON, Aug 28- Global coffee exports fell 3.6 percent in July from a year earlier to total 9.59 million 60 kg bags, the International Coffee Organization said on Friday. For the first 10 months of the 2014/ 15 season, which began on Oct. 1 last year, coffee exports were down 2.8 percent at 92.85 million bags. Robusta coffee exports fell 8.4 percent in July from a year...

  • MCD and Tyson cry 'fowl' on farm Friday, 28 Aug 2015 | 6:00 AM ET
    MCD and Tyson cry 'fowl' on farm

    McDonald's and Tyson terminate contract with farmer accused of animal cruelty.

  • Mitsubishi to buy stake in Temasek-controlled Olam Friday, 28 Aug 2015 | 1:23 AM ET
    Pedestrians walk past the headquarters of Japanese automaker Mitsubishi Motors in Tokyo, Japan.

    Japan's Mitsubishi will buy a stake of at least 10 percent in agri-trader Olam International in a deal worth at least $500 million.

  • LAUNCESTON, Australia, Aug 28- Market wisdom is that Asian rice prices are set to rally as El Nino cuts output and bulging stockpiles are steadily eroded. Benchmark Thai 5- percent broken white rice staged a 10 percent rally from a 7 1/ 2- year low of $367.50 a tonne on June 24 to a recent peak of $405 on July 17. It's much the same situation for Thailand's regional...

  • *Corn firm, set to post second weekly gain. *Wheat edges higher, set for 2.5 pct weekly loss. Corn rose, with the grain poised to record a small weekly gain, while wheat added nearly 0.5 percent but was set to record weekly losses of nearly 2.5 percent.

  • SYDNEY, Aug 28- U.S. soybeans rose on Friday, extending two-day gains to nearly 2 percent and poised to record only modest losses for the week, despite lingering concerns over demand from China. *The U.S. Department of Agriculture reported net weekly soybean export sales for the 2015/ 16 marketing year that begins Sept. 1 above trade expectations at 1.457 million...

  • *Wheat lower on dollar strength, fresh Black Sea sales. CHICAGO, Aug 27- U.S. soybean futures rose 1.5 percent on Thursday as equity markets stabilized in China, the world's top soy buyer, and on concerns about dry weather as the U.S. At the Chicago Board of Trade as of 1:10 p.m. CDT, the benchmark November soybean contract was up 13 cents at $8.78 a bushel.

  • MONTPELIER, Vt.— Four years after flooding from Tropical Storm Irene nearly destroyed Vermont's fish hatchery in Roxbury, officials still are looking for the estimated $5 million it would take to rebuild it to meet modern standards. Meanwhile, a hatchery on the White River in Bethel owned by the federal government is closed although it was nearly fully repaired...

  • NEW YORK— McDonald's and its supplier Tyson Foods say they've cut ties with a chicken farmer after an advocacy group released a video taken with a hidden camera that the group said showed abusive practices at its farm. Tyson Foods Inc. said in a statement that it was investigating the situation, but that it terminated the farmer's contract "based on what we...

  • Aug 27- A Delaware judge on Thursday said David Murdock, the billionaire chief executive of Dole Food Co, is liable to shareholders for $148.2 million of damages for having shortchanged them when he took the fruit and vegetable producer private in 2013.. In his 106- page decision, Laster also held Dole's recently retired chief operating officer, C. Michael Carter,...

  • *Wheat forecasts for Russia, Ukraine and EU raised. LONDON, Aug 27- Global grain supplies will reach historic highs in the 2015/ 16 season, the International Grains Council said on Thursday, a development that could make world food prices even cheaper. The IGC raised its forecasts for wheat crops in Russia, Ukraine and the European Union and also upwardly revised its...

  • Grain mostly higher and livestock higher Thursday, 27 Aug 2015 | 10:47 AM ET

    CHICAGO— Grain futures were mostly higher in early trading Thursday on the Chicago Board of Trade. Wheat for December delivery lost 2 cents to $4.9220 a bushel; December corn was. 25 cent higher at $3.7340 a bushel; December oats were 4.25 cents higher at 2.20 a bushel; while November soybeans gained 10 cents to 8.75 a bushel. October live cattle was 2.23 cents higher...

  • GRAINS-Soybeans higher as China alarm ebbs Thursday, 27 Aug 2015 | 8:01 AM ET

    *Soybean market sensitive to China as top importer. *Wheat curbed by supply, expected Black Sea sale to Egypt. PARIS/ SYDNEY, Aug 27- U.S. soybean futures rose more than 1 percent on Thursday, tracking a broad rally in commodities and equities as investors were reassured by policymakers following the market plunge on fears of a sharp downturn in China.

  • *Soybeans recoup nearly all losses from previous session. *Corn firms, wheat rallies as market sentiment improves. Soybeans have suffered heavy losses this week on concerns that China- the world's largest buyer of soybeans- is seeing an economic slowdown.

  • But the USDA has yet to give the clearance that would allow any chicken sites in Iowa, the top egg-producing state, to bring in replacements. The USDA clears farms on a case by case basis after testing to make sure the virus has been eliminated. Minnesota and Iowa turkey farms, infected before some of the chicken farms, have begun restocking thanks to a faster cleanup...

  • Farm profits to fall second consecutive year Wednesday, 26 Aug 2015 | 4:47 PM ET

    DES MOINES, Iowa— It will be a less profitable year for farmers as low grain, milk and hog prices cut into income, U.S. Department of Agriculture officials say. Net farm income is expected to decline 36 percent to $58.3 billion, the USDA said in a report released Tuesday. "A lot of the cash reserves that we've built up over the past few years, that's what we're burning...

  • Monsanto abandons takeover bid for Swiss rival Syngenta Wednesday, 26 Aug 2015 | 11:16 AM ET

    WASHINGTON— Agricultural business giant Monsanto is abandoning its takeover bid for competitor Syngenta AG after the Swiss chemical producer rejected its latest offer of nearly $47 billion. A combination with Basel- based Syngenta would have made Monsanto the world's largest producer of farming chemicals, in addition to its market-leading seed business.

  • Grain lower and livestock lower Wednesday, 26 Aug 2015 | 10:28 AM ET

    CHICAGO— Grain futures were mostly lower in early trading Wednesday on the Chicago Board of Trade. Wheat for December delivery lost 2.50 cents to $4.97 a bushel; December corn was 1.25 cents lower at $3.7820 a bushel; December oats were 2 cents lower at 2.1720 a bushel; while November soybeans lost 2.25 cents to 8.7540 a bushel. October live cattle was. 33 cent lower...

  • Spain kicks off 70th annual 'Tomatina' battle Wednesday, 26 Aug 2015 | 8:00 AM ET
    Spain kicks off 70th annual 'Tomatina' battle

    Spaniards paint their town red in its annual tomato tossing battle.

  • KHC hit with turkey bacon recall Wednesday, 26 Aug 2015 | 8:00 AM ET
    KHC hit with turkey bacon recall

    Kraft Heinz recalls two million pounds of turkey bacon from shelves to ensure consumer safety.