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Agriculture

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  • GRAINS-Wheat falls for 7th session, corn near 3-month low Wednesday, 28 Jan 2015 | 8:44 PM ET

    *Chicago Board of Trade wheat for March delivery was down 0.3 percent at $5.04 a bushel by 0123 GMT, near a 3-1/ 2 month low of $5.03 touched on Wednesday. *Wheat tumbled 2.6 percent the session before, its deepest single-day drop in more than a month, as funds sold the contract on worries over rising supplies. *Corn dropped 0.3 percent to $3.72-1/ 4 per bushel, its weakest...

  • CHICAGO, Jan 28- U.S. grain farmers are boosting demand for loans from farm banks as five-year lows in crop prices squeeze operating budgets ahead of spring planting, according to a national survey of farm bankers issued by the Federal Reserve Bank of Kansas City on Wednesday. Corn prices set record highs during the summer of 2012 amid the biofuels boom and...

  • Grain lower, livestock mixed Wednesday, 28 Jan 2015 | 10:51 AM ET

    CHICAGO— Grain futures were lower Wednesday in early trading on the Chicago Board of Trade. Wheat for Mar delivery was 5.25 cents lower at $5.1375 a bushel; Mar corn was 4.50 cents lower at $3.7675 a bushel; Mar oats were unchanged at $2.8925 a bushel; while Mar soybeans lost 4 cents to $9.6975 a bushel. Apr live cattle was. 10 cent lower at $1.5090 a pound; Mar feeder...

  • Grain lower, livestock mostly higher Tuesday, 27 Jan 2015 | 10:53 AM ET

    CHICAGO— Grain futures were mixed Tuenday in early trading on the Chicago Board of Trade. Wheat for Mar delivery was 3.25 cents higher at $5.2375 a bushel; Mar corn was 2.5 cents lower at $3.815 a bushel; Mar oats were unchanged at $2.9075 a bushel; while Mar soybeans lost 9.5 cents to $9.74 a bushel. Apr live cattle was 1.60 cents higher at $1.4960 a pound; Mar feeder...

  • Grain mostly lower, livestock mixed Monday, 26 Jan 2015 | 10:51 AM ET

    CHICAGO— Grain futures were mostly lower Monday in early trading on the Chicago Board of Trade. Wheat for Mar delivery was 3.75 cents lower at $5.2625 a bushel; Mar corn was 3 cents lower at $3.8375 a bushel; Mar oats were unchanged at $2.9050 a bushel; while Mar soybeans gained 1.50 cents to $9.7425 a bushel. Apr live cattle was 1.80 cents lower at $1.4700 a pound; Mar...

  • EU blacklists Sri Lanka over illegal fishing Monday, 26 Jan 2015 | 6:40 AM ET

    BRUSSELS— The European Union blacklisted Sri Lanka Monday for failing to combat illegal fishing, officially banning imports of fisheries products from Sri Lanka- flagged vessels into the EU. Officials said the decision to put Sri Lanka on the list was taken by EU fisheries ministers at their regular talks in Brussels. Sri Lanka is the second biggest exporter of...

  • Unmanned drones could play key roles in food supply Monday, 26 Jan 2015 | 3:02 AM ET

    When it comes to drones, "your imagination can go pretty wild in terms of what would be possible," says Roger Johnson, president of the National Farmers Union. This month, the Federal Aviation Administration issued the first permit for agricultural use of unmanned aerial vehicles. Steven Edgar, president and CEO of ADAVSO, says his Idaho- based business will use a...

  • Experts say prices and demand for beef to remain high Sunday, 25 Jan 2015 | 11:11 AM ET

    LUBBOCK, Texas— High beef prices are here to stay for a while, as recent drought conditions in Texas and around the country have reduced the nation's cattle supply to its lowest numbers in more than 50 years, according to agricultural experts. "The current cattle industry and beef prices are driven by a historically tight supply of cattle and total beef production,"...

  • When it comes to drones, "your imagination can go pretty wild in terms of what would be possible," says Roger Johnson, president of the National Farmers Union. This month, the Federal Aviation Administration issued the first permit for agricultural use of unmanned aerial vehicles. Steven Edgar, president and CEO of ADAVSO, says his Idaho- based business will use a...

  • WICHITA, Kan.— The recent plunge in fuel prices have been a welcome relief across the agricultural sector, helping ease the pain of low grain prices for growers and boosting profits for cattle ranchers. "Every movement we make in farming takes fuel," Kansas cattle rancher and hay grower Randy Cree said. Livestock producers in the Midwest and vegetable growers in the...

  • CHICAGO, Jan 23- Deere& Co, the world's largest maker of farm equipment, will lay off more than 900 employees at plants in Iowa and Illinois in the latest round of job cuts spurred by a decline in grain prices that is hurting demand for agricultural machinery. Iowa will be hit hardest by the reductions, with about 565 workers in Waterloo and 300 others in Ankeny slated...

  • Someone's lying about the California port slowdown Friday, 23 Jan 2015 | 11:47 AM ET
    A Crowley Maritime tugboat prepares to guide the MOL Endurance Container ship out of its berth at the Port of Los Angeles in San Pedro, California.

    Management and labor at the ports are blaming each other for epic congestion. And it appears impossible for both sides' stories to be true.

  • Deere to lay off more than 1,000 in Iowa, Illinois Friday, 23 Jan 2015 | 11:24 AM ET
    John Deere tractors sits on display at Klein Equipment, a John Deere dealership, in Galesburg, Ill., Feb. 12, 2013.

    Deere will lay off about 910 workers from factories mostly in Iowa and sideline another 500 in Illinois until late summer.

  • Grain mixed, livestock lower Friday, 23 Jan 2015 | 10:58 AM ET

    CHICAGO— Grain futures were mixed Friday in early trading on the Chicago Board of Trade. Wheat for Mar delivery was unchanged at $5.3375 a bushel; Mar corn was 2.50 cents higher at $3.8625 a bushel; Mar oats were unchanged at $2.91 a bushel; while Mar soybeans lost 4 cents to $9.7275 a bushel. Apr live cattle was 2.80 cents lower at $1.4900 a pound; Mar feeder cattle was...

  • Deere will lay off about 910 workers indefinitely from factories mostly in Iowa and sideline another 500 employees in Illinois until late summer, as the agricultural equipment maker continues its adjustment to demand for its products. The Moline, Illinois, company also said Friday that it is adding 220 jobs at construction and forestry factories in Iowa.

  • UPDATE 1-Agrium shares rise on dividend, buy-back news Thursday, 22 Jan 2015 | 12:59 PM ET

    Jan 22- Canadian fertilizer and farm retail dealer Agrium Inc said it would pay out a larger percentage of its free cash flow as dividends and buy back up to 5 percent of its shares, driving its stock up as much as 5.6 percent. Agrium said it would pay out 40-50 percent of its free cash flow as dividends, up from its earlier target of 25-35 percent. Agrium, which mines...

  • Grain mostly lower , livestock higher Thursday, 22 Jan 2015 | 10:53 AM ET

    CHICAGO— Grain futures were mostly lower Thursday in early trading on the Chicago Board of Trade. Wheat for Mar delivery was 1.25 cents higher at $5.38 a bushel; Mar corn was 2.50 cents lower at $3.8550 a bushel; Mar oats were unchanged at $2.90725 a bushel; while Mar soybeans lost 1.50 cents to $9.82 a bushel. Apr live cattle was. 93 cents higher at $1.5280 a pound; Mar...

  • As a group of World Trade Organization members prepares to meet in the Swiss resort of Davos to discuss the 2015 agenda, Froman called for "soul-searching" about the next steps for the 20- year-old institution, which late last year clinched the first global deal in its history. In an opinion piece to be published on Reuters, Froman said success in cutting customs...

  • New govt standards target pathogens in poultry products Wednesday, 21 Jan 2015 | 1:01 PM ET

    The proposed standards announced Wednesday by the Agriculture Department apply to the most popular poultry products— chicken breasts, legs and wings, and ground chicken and turkey. The Agriculture Department says the standards could eventually reduce salmonella and campylobacter illnesses linked to raw poultry by about a quarter, or 50,000 illnesses a...

  • NEW YORK— Bacteria have been modified so that they die if they get out of human control, a potential step toward better management of genetically engineered organisms— perhaps including crops, researchers say. Scientists from Harvard and Yale introduce the new approach in two papers released Wednesday by the journal Nature. In an interview and a press...