Food and Beverage Agriculture

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  • GRAINS-Soybeans at one-week high on export hopes Friday, 12 Feb 2016 | 8:21 AM ET

    *U.S. export sales, China return boost soybean market. *Wheat traders eye Egypt tender result after ergot row. PARIS/ SINGAPORE, Feb 12- Chicago soybeans extended gains to one-week highs on Friday, as higher than expected U.S. export sales and the prospect of post-holiday demand in China boosted demand prospects.

  • *ChemChina deal will remove suspicion about GM crops in China- COO. SINGAPORE, Feb 12- ChemChina's purchase of Syngenta could remove some of the suspicion around genetically modified crops and ultimately lead to more rapid user acceptance of biotechnology in food production in China, Syngenta's Chief Operating Officer Davor Pisk told Reuters.

  • SINGAPORE, Feb 12- Independent directors at Syngenta AG will have to approve any significant changes at the Swiss seeds and pesticides group after it is bought by state-owned ChemChina, and they will ensure its investment-grade rating is retained, a senior Syngenta executive said. ChemChina last week made a $43 billion bid for Syngenta, in China's biggest...

  • SINGAPORE, Feb 12- ChemChina's $43 billion acquisition of Swiss seeds and pesticides group Syngenta AG could help dissipate fears of genetically modified crops in China and lead to their greater acceptance, a senior Syngenta executive said on Friday. Davor Pisk, chief operating officer overseeing Asia Pacific and North America, said that Chinese ownership...

  • NEW DELHI— Coca-Cola suspended bottling at three plants in India, including one in the parched northwest where farmers have been protesting the company's use of dwindling groundwater reserves. Hindustan Coca-Cola Beverages, which is a subsidiary of The Coca-Cola Co. based in Atlanta, said it was reorganizing operations across its 24 franchise bottling...

  • CHICAGO, Feb 11- U.S. soybean futures rose 1.3 percent on Thursday as the U.S. Agriculture Department's report of stronger-than-expected exports spurred a round of short-covering, traders said. "All things considered, we still have some demand," said Bill Gentry, a broker at Risk Management Commodities in Chicago. The USDA said on Thursday morning that weekly...

  • CHICAGO, Feb 11- Bunge Ltd expects a challenging year in 2016 due to slumping U.S. farm exports and processing margins, Chief Executive Officer Soren Schroder said on Thursday, as the global grain trader reported a lower-than-expected quarterly profit. Demand for U.S. grain has declined as strength in the U.S. dollar and massive global supplies have increased...

  • GRAINS-Soybeans rise after USDA's bullish export report Thursday, 11 Feb 2016 | 11:55 AM ET

    CHICAGO, Feb 11- U.S. soybean futures rose 1.1 percent on Thursday as the U.S. Agriculture Department's report of stronger-than-expected exports spurred a round of short-covering, traders said. "All things considered, we still have some demand," said Bill Gentry, a broker at Risk Management Commodities in Chicago. At 10:35 a.m. CST Chicago Board of Trade March...

  • The Plymouth, Minnesota- based company also reported fourth-quarter profit that fell less than expected, and announced a $75 million share repurchase program. Its shares jumped nearly 5 percent in early trading on the New York Stock Exchange. Falling currency values against the U.S. dollar have lowered production costs 17 percent in Canada, where Mosaic's...

  • Grain higher, livestock mixed Thursday, 11 Feb 2016 | 10:33 AM ET

    CHICAGO— Grain futures were higher Thursday in early trading on the Chicago Board of Trade. Wheat for March delivery was 2.50 cents higher at $4.6360 a bushel; March corn was 1 cent higher at $3.6120 a bushel; March oats were 1.50 cents higher at $1.9060 a bushel; while March soybeans was 6.50 cents higher at $8.6860 a bushel. April live cattle was 2.18 cents lower at...

  • CHICAGO, Feb 11- Bunge Ltd expects a challenging year in 2016, Chief Executive Officer Soren Schroder said on Thursday, as the global grain trader reported a lower-than-expected quarterly profit. In 2016, results in Bunge's grain and oilseeds businesses should be driven largely by operations in South America, where Bunge is a major player, said Chief...

  • The Plymouth, Minnesota- based company, which reported a better than expected fourth-quarter profit, also announced a $75 million share repurchase program. Adjusted earnings per share was 53 cents, compared with average analysts' estimates of 44 cents per share, according to Thomson Reuters I/B/E/S. Fourth quarter net earnings fell to $155 million, or 44 cents...

  • PARIS/ SINGAPORE, Feb 11- Chicago corn futures slipped for a seventh consecutive session on Thursday as record U.S. ethanol stocks added to concerns about faltering demand and swelling grain supplies. The Chicago Board Of Trade most-active corn contract fell 0.2 percent to $3.59-1/ 2 a bushel by 1215 GMT. It was trading just above this week's low of $3.59-1/ 4, which...

  • Hearing focuses on proposed ban on some animal products Thursday, 11 Feb 2016 | 2:00 AM ET

    BOSTON— While both critics and supporters of a proposed ban on the sale of food products from farms that keep animals in overly restrictive cages say the measure would likely raise egg prices in Massachusetts, supporters contend consumers would barely notice the increases. "Just because they are food animals doesn't mean they don't deserve our respect," said...

  • SINGAPORE, Feb 11- Chicago corn futures slid for a seventh consecutive session on Thursday with the market trading near its lowest since January 15, weighed down by slowing U.S. demand for corn-based ethanol and ample global supplies. Chicago Board Of Trade most-active corn contract fell 0.1 percent to $3.60 a bushel by 0254 GMT, having closed down 0.2 percent in...

  • SYDNEY, Feb 11- U.S. corn fell for a seventh consecutive session on Thursday to linger near a one-month low as prices came under sustained pressure from ample global supplies and moves by Russia to ban U.S. imports. *USDA said on Tuesday that global wheat supplies would reach record levels this year due to falling consumption in China and India.

  • USDA also said on Tuesday that global wheat supplies would reach record levels this year due to falling consumption in China and India. "Wheat, corn and soybeans are still burdened by the forecasts of large global supplies made by the USDA monthly report on Tuesday," said Frank Rijkers, agrifood economist at ABN AMRO Bank. "But markets have been moving in and out of...

  • Grain mostly lower, livestock mixed Wednesday, 10 Feb 2016 | 10:40 AM ET

    CHICAGO— Grain futures were mostly lower Wednesday in early trading on the Chicago Board of Trade. Wheat for March delivery was 2 cents higher at $4.5940 a bushel; March corn was 1 cent lower at $3.60 a bushel; March oats were 3 cents lower at $1.9260 a bushel; while March soybeans was. 25 cent lower at $8.63 a bushel. April live cattle was 1.15 cents higher at $1.3230 a...

  • Bee thieves kill the buzz for almond growers Wednesday, 10 Feb 2016 | 7:05 AM ET
    Bee thieves kill the buzz for almond growers

    Detectives see a rise in recent bee thefts, possibly due to the increased prices and pollination fees as a shortage looms.

  • *USDA forecast of big world inventories weakens. Corn was again weak after dropping in the previous session after the USDA forecast hefty U.S. supplies. "Wheat, corn and soybeans are still burdened by the forecasts of large global supplies made by the USDA monthly report on Tuesday," said Frank Rijkers, agrifood economist at ABN AMRO Bank.