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Agriculture

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  • NEW YORK— Brazilian meat producer JBS will buy the U.S. pork division of agribusiness giant Cargill for $1.45 billion, the companies said Wednesday. JBS SA reported about $21.65 billion in revenue in 2014. JBS USA Holdings owns Pilgrim's Pride, among other brands, and it entered the U.S. pork market when it bought Swift Co. in 2007.. A year ago JBS agreed to buy the...

  • *Corn turns firm late; supported by USDA stocks, acreage figures. *Wheat pressured by poor exports, harvest. "Wheat got smoked early and often as harvest pressure started the break," Charlie Sernatinger, global head of grain futures at ED&F Man Capital said in a note to clients.

  • "Both row crop markets have seemingly gone from incredibly comfortable, okay demand situations to potentially tight supply, too much demand situations over the last thirty days," Tregg Cronin, market analyst at Halo Commodity Company said in a research note. Chicago Board of Trade soft red winter wheat for September delivery was down 25-1/ 4 cents at $5.90-1/ 2 a...

  • CHICAGO— Grain futures were lower Wednesday in early trading on the Chicago Board of Trade. Wheat for September delivery was unchanged at $6.1575 a bushel; September corn was 1.75 cents lower at $4.2125 a bushel; December oats were unchanged at $2.7775 a bushel; while November soybeans lost 8.25 cents at 10.29 cents a bushel. August live cattle was. 28 cent lower at...

  • *Wheat falls, short-covering coming to an end. HAMBURG/ SINGAPORE, July 1- Chicago corn and soybeans were little changed on Wednesday as the market took a breather after posting its biggest daily gain in five years on lower-than-expected U.S. stockpiles and concerns about heavy rains damaging crops. Wheat dropped more than 1 percent.

  • Federal judge rules Maui County ban on GMO crops invalid Wednesday, 1 Jul 2015 | 12:06 AM ET

    HONOLULU— A federal judge ruled Tuesday that a Maui County ban on the cultivation of genetically engineered crops is pre-empted by federal and state law and invalid. The county's ordinance creating the prohibition exceeded the county's authority, U.S. District Court Chief Judge Susan Oki Mollway said in her order. Monsanto Co. and Dow Chemical Co. unit...

  • *Wheat falls after climbing almost 19 pct in 4 sessions. Wheat also slid nearly 1 percent and soybeans 0.7 percent after posting big gains on Tuesday. "We have seen prices rally on the back of adverse weather conditions and the USDA data which was bullish relative to expectations," said Graydon Chong, senior grains analyst at Rabobank in Sydney.

  • *Chicago Board of Trade December corn fell 0.3 percent to $4.30-1/ 4 a bushel, having gained 7.3 percent the day before when prices marked $4.32-1/ 4 a bushel- their highest since Dec. 30, 2014. *The USDA forecast 88.897 million acres of corn has been planted, below trade estimates of 89.292 million acres. *The USDA pegged soybean plantings at 85.139 million acres, ahead...

  • HONOLULU— A federal judge ruled Tuesday that a Maui County ban on the cultivation of genetically engineered crops is pre-empted by federal and state law and invalid. The county's ordinance creating the prohibition exceeded the county's authority, U.S. District Court Chief Judge Susan Oki Mollway said in her order. Monsanto Co. and Dow Chemical Co. unit...

  • CHICAGO, June 30- U.S. grain and soybean futures on Tuesday climbed to their highest prices since December after the U.S. Agriculture Department said crop stockpiles and spring plantings were smaller than analysts expected. U.S. corn and soybean stocks as of June 1 were up from a year ago, after record-large harvests last year, but below market forecasts due to...

  • US opening market to Argentina, Brazil beef imports Tuesday, 30 Jun 2015 | 2:43 PM ET

    BUENOS AIRES, Argentina— Argentina and Brazil are greeting news that they will soon be able to export fresh beef into the United States after a longtime ban. Exports of fresh beef from Argentina to the three North American countries could be worth about $280 million, said Economy Minister Axel Kicillof. The U.S. Department of Agriculture's Animal and Plant...

  • WILLIAMS, Ore.— On the third Thursday of each month, veteran medical marijuana growers and hopeful newbies gather in the old Williams Grange hall in a small rural Oregon valley long known for growing some of the best cannabis on the planet. says Gina Erdmann, director of the Oregon SunGrown Growers' Guild, as she lays out materials on the sign-in table outside the...

  • CHICAGO, June 30- U.S. grain and soybean futures jumped to their highest prices since January on Tuesday after the U.S. Agriculture Department said crop stockpiles and spring plantings were smaller than analysts expected. U.S. corn and soybean stocks as of June 1 were up from a year ago, after record-large harvests last year, but below market forecasts due to heavy...

  • U.S. corn, soybean stocks rise despite heavy usage Tuesday, 30 Jun 2015 | 12:01 PM ET

    *Corn, soy supplies as of June 1 below forecasts. *Corn usage second highest ever, soy usage fourth highest. Corn usage from March through May totaled 3.303 billion bushels, the second highest ever for the time period.

  • Grain mixed, livestock mixed Tuesday, 30 Jun 2015 | 10:53 AM ET

    CHICAGO— Grain futures were mixed Tuesday in early trading on the Chicago Board of Trade. Wheat for September delivery was unchanged at $5.8350 a bushel; September corn was 1 cent higher at $3.93 a bushel; December oats were unchanged at $2.67 a bushel; while November soybeans was unchanged at 9.80 cents a bushel. August live cattle was. 40 cent lower at $1.4947 a...

  • Global coffee exports down 12 pct in May - ICO Tuesday, 30 Jun 2015 | 10:03 AM ET

    LONDON, June 30- Global coffee exports fell 12 percent in May from a year earlier to total 9.28 million 60 kg bags, the International Coffee Organization said on Tuesday. For the first eight months of the 2014/ 15 season, which began on Oct. 1 last year, coffee exports were down 4.6 percent at 72.31 million bags. Robusta coffee exports fell 23.4 percent in May from a year...

  • *Wheat set for biggest monthly rise in 5 years. *Market worries over U.S. rain, dry Canada/ Europe. PARIS/ SINGAPORE, June 30- Chicago wheat held near a six-month high on Tuesday as the market continued to worry over a rain-hampered U.S. harvest and harsh weather in other wheat exporting countries.

  • This farm is in an underground tunnel Tuesday, 30 Jun 2015 | 8:07 AM ET
    This farm is in an underground tunnel

    How to get the freshest, locally-grown food when you live in a big city? This underground farm, implanted in a disused WWII tunnel, could be the solution.

  • Grain mostly lower, livestock mostly higher Monday, 29 Jun 2015 | 3:30 PM ET

    CHICAGO— Grain futures were mostly lower Monday on the Chicago Board of Trade. Wheat for September delivery advanced 15.50 cents to $5.8350 a bushel; September corn was. 5 cent lower at 3.92 a bushel; December oats were 6.50 cents lower at 2.67 a bushel; while November soybeans fell 5 cents to $9.8450 a bushel. August live cattle gained 1.35 cents to $1.4987 a pound;...

  • Weather in the fertile grain belt of the United States is critical to prices and the flow of food around the world. Recent storms have dumped double the normal rainfall on much of eastern Missouri, Illinois, Indiana and western Ohio, MDA Weather Services said. Kent Hamm, a general manager of grain elevators in Illinois, said a buyer in Taiwan contacted him on Friday...