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Food and Beverage Agriculture

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  • If it acquires K+ S, Potash Corp, the world's biggest fertilizer producer, would finish building K+ S's Saskatchewan mine and operate it, selling its potash offshore through its Canpotex marketing arm, Chief Executive Jochen Tilk said during a conference call. Potash Corp said it intends to talk with K+ S management, despite K+ S's rejection this month of Potash...

  • CHICAGO— Grain futures mixed Thursday in early trading on the Chicago Board of Trade. Wheat for September delivery was 1.50 cents lower at $4.9460 a bushel; December corn was 1.50 cents lower at $3.7660 a bushel; December oats were 2 cents higher at $2.42 bushel; while November soybeans 4.50 cents higher at 9.4760 cents a bushel. October live cattle was. 83 cent...

  • "The stock probably will see a bit of a rebound solely based on having reached a 52- week low, and people are going to look at the dividend yield, which has gotten pretty attractive," said Peter Prattas, analyst at AltaCorp Capital. Saskatoon, Saskatchewan- based Potash Corp said it intends to talk with K+ S management, despite its rejection this month of Potash Corp's...

  • NEW YORK, July 30- The number of children working on cocoa farms in the world's top producer Ivory Coast is on the rise as production climbs, a Tulane University report showed on Thursday, ramping up pressure on chocolate companies to ethically source beans. "Based on today's numbers, roughly 1.5 million children will have to be removed from hazardous work to reach...

  • July 30- Potash Corp of Saskatchewan Inc reported a 12 percent drop in quarterly profit, missing Wall Street estimate, hurt mainly by weak nitrogen earnings and lower phosphate sales. Potash Corp said nitrogen production, the company's second-biggest business, fell 2 percent to 1.6 million tonnes in the second quarter ended June 30, from a year earlier, while...

  • *Corn, wheat up after previous session losses. SINGAPORE/ PARIS, July 30- Chicago soybeans gained more ground on Thursday, and have now risen 3.3 percent over three consecutive sessions, on concerns over a smaller planted area and ahead of the crop's key phase of development. Chicago Board of Trade August soybeans rose 1.0 percent to $9.93 a bushel by 1000 GMT, while...

  • July 30- Potash Corp of Saskatchewan Inc, the world's biggest fertilizer company by market capitalization, reported a 12 percent drop in quarterly profit, hurt mainly by weak nitrogen earnings and lower phosphate sales. The company's net income fell to $417 million, or 50 cents per share, in the second quarter ended June 30, from $472 million, or 56 cents per share, a...

  • SINGAPORE, July 30- Chicago soybeans gained more ground on Thursday, rising 2.4 percent in three consecutive sessions on concerns over a smaller planted area and ahead of the crop's key phase of development. Corn edged higher after dropping 1.9 percent on Wednesday as forecasts of favorable weather boosted hopes of near record yields, while wheat rose,...

  • *Brazil, Argentina seen offering soybeans in peak U.S. season. SINGAPORE/ BEIJING, July 30- South America's soybean exports are on track to dominate sales to top buyer China for a record period this year, threatening to displace U.S. exports during what is traditionally the peak sales time for rival North American shipments. For more than a decade, China has sourced...

  • Grain lower and livestock mostly higher Wednesday, 29 Jul 2015 | 3:02 PM ET

    CHICAGO— Grain futures unchanged Wednesday in early trading on the Chicago Board of Trade. Wheat for September delivery was unchanged at $5.1075 a bushel; December corn was unchanged at $3.8550 a bushel; December oats were unchanged at $2.4225 bushel; while November soybeans unchanged at 9.4475 cents a bushel. October live cattle was unchanged at $1.4680 a...

  • El Nino may hasten rebound in sugar prices Wednesday, 29 Jul 2015 | 11:55 AM ET

    *Sugar market to have first deficit in 6 years-Reuters poll. Drought has already begun to threaten production in number two exporter Thailand and top consumer India as weather bureaux confirm the return of the phenomenon which can lead to scorching weather across Asia and heavy rains and floods in South America. "The current drought is more severe than last...

  • With soybean yields largely determined in August and questions about the size of planted area, there is still uncertainty about the crop, said Terry Linn, analyst at The Linn Group in Chicago. Chicago Board of Trade August soybeans rose 10 cents or 1 percent to $9.84-3/ 4 a bushel at 9:56 a.m. CDT. September corn fell 5 cents or 1.3 percent to $3.70 a bushel, after...

  • The order signed Tuesday instructs the government to return Mo Yun's passport and immediately stop "all court-directed electronic monitoring," meaning she can return to China. Investigators allege that Mo helped her brother and five other Chinese nationals working for subsidiaries of Beijing- based DBN Group steal patented corn seed to reproduce its...

  • Correction: Lake Erie Algae story Wednesday, 29 Jul 2015 | 9:35 AM ET

    Ohio city detects Lake Erie toxins that led to 2014 crisis. TOLEDO, Ohio— Toledo has detected the first signs in Lake Erie of the dangerous toxin that resulted in a water crisis last year that left 400,000 people in northwestern Ohio and southeastern Michigan without safe tap water for two days. Toledo Mayor Paula Hicks-Hudson and city officials announced late...

  • CNH Industrial profits down 55 percent in second quarter Wednesday, 29 Jul 2015 | 8:06 AM ET

    MILAN— CNH Industrial, the Italian maker of construction and agriculture machinery, says second-quarter earnings dropped by more than half on lower sales of combines and larger tractors in North and South America. CNH Industrial, which was formed from the full merger of Fiat Industrial with its CNH subsidiary, reported Wednesday that profits dropped to 178...

  • MUMBAI, July 29- Global rice prices are likely to surge by 10 percent to 20 percent in the next few months as an El Nino weather pattern grips top producers in Asia, baking the region's croplands and whittling down stocks of the grain to multi-year lows. While higher prices of a key staple would be bad news for impoverished countries in Asia and Africa, lower output...

  • HAMBURG/ SINGAPORE, July 29- U.S. wheat, corn and soybeans resumed their recent falls on Wednesday after rising on bargain-buying on Tuesday, with prices again around one-month lows as attention returned to the good U.S. harvest outlook. "Wheat, corn and soybeans are again weaker today as the market's attention has returned to the good U.S. crop prospects with near...

  • The 58- year-old, whose lush paddy fields in the Shonai plain overlook the Sea of Japan, is in the minority among farmers generally opposed to a pact being negotiated in Hawaii this week that could make selling their products harder. Japan's reluctance to open up to more imports, including of rice, has been a major stumbling block to the TPP, and Tokyo held bilateral...

  • Corn futures continued to struggle, falling for six out of nine sessions as near-perfect weather weighed on prices while wheat slid under harvest pressure. *The USDA said 62 percent of the U.S. soybean crop was in good to excellent condition, same as last week, but below the previous year's 71 percent. *The USDA said 85 percent of the winter wheat crop has been...

  • TOLEDO, Ohio— Toledo has detected the first signs in Lake Erie of the dangerous toxin that resulted in a water crisis last year that left 400,000 people in northwestern Ohio and southeastern Michigan without safe tap water for two days. Toledo Mayor Paula Hicks-Hudson and city officials announced late Monday that the intake mechanisms that draw Toledo's...