*USDA issues monthly supply-demand report. Wheat supplies already were seen as comfortable when the USDA raised the outlook for global inventories by 4.3 million tonnes to 182.78 million. Record wheat production in Canada and higher Canadian exports are expected to add to wheat supplies in the United States, the USDA said.» Read More
WASHINGTON, Dec 10- Lower prices created resurgent demand for U.S. corn at home and abroad, including in the ethanol market, the U.S. government forecast on Tuesday, resulting in smaller, but still ample, stocks at the end of this marketing year.
Dec 10- Monsanto Co, the world's largest seed company, said Tuesday that a deal with Danish company Novozymes to form a long-term research and development alliance should accelerate the release of microbial-based products designed to improve crop production.
*USDA to issue supply and demand report later Tuesday. *Favorable crop outlook in South America caps soy prices. Chicago Board of Trade December wheat stumbled 6-1/ 2 cents to $6.32-1/ 2 a bushel by 10:20 a.m. CST.
CHICAGO-- Grain futures were mixed Tuesday in early trading on the Chicago Board of Trade. Wheat for March delivery was 7.75 cents lower at 6.4275 a bushel; March corn was 2 cents lower at 4.36 a bushel; March oats were unchanged at $3.3225 a bushel; while January soybeans rose 1.25 cents to 13.44 a bushel.
*USDA to issue supply and demand report later on Tuesday. "We are seeing position-squaring ahead of the USDA report tonight," said Andrew Woodhouse, grains analyst at Advance Trading Australasia. "Soybeans have been driven by demand and I expect that to be shown in the USDA numbers," he added.
*Japan purchases of Canada grade up about 40 pct y/y in Apr-Nov. TOKYO, Dec 10- Japan snapped up Canadian wheat for making bread and noodles in a surprise tender that closed on Tuesday, ramping up purchases from the North American nation as its prices fall on bumper harvests.
CHICAGO-- Grain futures were mostly lower Tuesday on the Chicago Board of Trade. Wheat for March delivery declined 11.75 cent to $6.3875 a bushel; March corn were 2 cents lower at 4.36 a bushel; March oats were 3.75 cents higher at $3.36 a bushel; while January soybeans fell 5.50 cents $13.3825 a bushel.
SYDNEY, Dec 10- Australia's beef exports are set to rise 7 percent in 2013/ 14 to a record high to satisfy the appetite of China's increasingly affluent masses, cementing its position as China's top supplier of beef.
*Beijing wants to stop companies mixing in imported fibre. BEIJING, Dec 10- Two more Chinese cotton processors have been barred from selling to the state stockpiler as Beijing intensifies a crackdown on firms suspected of mixing in imported fibre to profit from cheaper overseas supplies.
Damage in the San Joaquin Valley from a cold snap is estimated at $23 million and growing.
Federal Reserve official on Monday suggested that farmers consider a path toward internationally accepted standards for genetically modified crops, following rejections of U.S. corn shipments by China.
Dec 9- U.S. fertilizer company Mosaic Co said on Monday that it would buy back about 10 percent of its outstanding stock in a roughly $2 billion purchase from the Margaret A. Cargill Foundation and the Anne Ray Charitable Trust over the next eight months. In late-morning trading, however, Mosaic shares slipped 1 percent in New York to $46.31, touching a one-month low.
Dec 9- U.S. fertilizer company Mosaic Co said on Monday that it would buy back 43.3 million restricted shares, or about 10 percent of its outstanding stock, from the Margaret A. Cargill Foundation and the Anne Ray Charitable Trust over the next eight months.
Dec 9- U.S. fertilizer company Mosaic Co said on Monday that it will buy back 43.3 million restricted shares from the Margaret A. Cargill Foundation and the Anne Ray Charitable Trust over the next eight months.
Dec 9- Dairy products producer WhiteWave Foods Co said it would buy organic food brand Earthbound Farm from investors including private equity firm Kainos Capital for about $600 million to expand its offerings of organic products. Earthbound Farm produces packaged salads and organic fresh and frozen fruits and vegetables, as well as dried fruits and snacks.
Dec 9- Dairy products producer WhiteWave Foods Co agreed to buy organic food brand Earthbound Farm from investors including private equity firm Kainos Capital for about $600 million. Earthbound Farm produces organic fresh and frozen fruits and vegetables, as well as dried fruits and snacks.
*Corn pressured by big U.S. supplies. WINNIPEG, Manitoba, Dec 6- Soybeans fell on Friday for the second straight day, heading toward a weekly loss under pressure from prospects for bumper crops in South America. Corn also weakened, weighed down by a plentiful U.S. harvest, while wheat's losses were more modest as traders eyed harsh weather in the United States.
CHICAGO-- Illinois took a giant step toward fixing its biggest financial problem Thursday by putting a sweeping pension reform on the books, but legislators' inaction on tax incentives aimed at keeping companies and creating new jobs has triggered fresh concerns about the state's business climate.