DUBAI, Feb 3- A director of commodity trading giant Glencore on Sunday questioned the conversion of corn into ethanol biofuel, saying it can contribute to higher prices.
*USDA cattle herd down about 1.6 pct yr-over-yr. The U.S. Department of Agriculture on Friday said the U.S. cattle herd as January 1 was 89.30 million head, down 1.6 percent from a year earlier and the smallest U.S. herd since 1952. Analysts expected a 1.8 percent decline.
Payment for shares made in cash- HSBC. HONG KONG, Feb 1- China has approved the sale of HSBC's remaining $7.4 billion stake in Ping An Insurance to a group controlled by Thailand's richest man, allowing completion of the biggest equity purchase in the country by a foreign investor.
HONG KONG, Feb 1- China has approved the sale of HSBC's remaining $7.5 billion stake in Ping An Insurance to a group controlled by Thailand's richest man, giving the green light to the country's biggest inbound M&A deal.
*Overall biofuel target up 9 pct, corn ethanol up 4.5 pct. *Mandate due to rise to 36 billion gallons in 2022. WASHINGTON, Jan 31- Corn ethanol would get a larger share of the U.S. gasoline market under a government proposal on Thursday while ranchers, environmentalists and the oil industry aim to kill the renewable fuels mandate altogether.
*Sees 2013 EPS of $2.75- $3.25; Wall Street view $3.18. Jan 31- Potash Corp of Saskatchewan forecast a modest rebound in earnings for 2013, with key importers in China and eventually India resuming purchases of the crop nutrient potash, but the company's recovery will be more gradual than expected.
*Forecasts 2013 profit of $2.75- $3.25/ share; Wall Street view $3.18. Potash Corp, the world's biggest fertilizer company, reported a surprisingly large drop in fourth-quarter profit on Thursday and gave a first-quarter outlook below Wall Street's forecast.
Midwest rains lift Mississippi River water level. Plains states of Kansas, Oklahoma, Texas, Colorado and Nebraska is expected to continue struggling through the worst drought in over 50 years into early February and perhaps longer, an agricultural meteorologist said on Thursday.
*Forecasts 2013 profit of $2.75- $3.25/ share; Wall Street view $3.18. Jan 31- Potash Corp of Saskatchewan forecast a modest rebound in earnings for 2013, with key importers in China and eventually India resuming purchases of the crop nutrient potash, but the company's recovery will be more gradual than expected.
CHICAGO, Jan 30- U.S. corn futures climbed to a seven-week high on Wednesday and soybeans touched a six-week high as concerns increased that dry weather will cut production in major exporter Argentina. Chicago Board of Trade March soybeans ended up 1.9 percent at $14.78- 3/ 4 a bushel, while March corn jumped 1.5 percent to $7.40- 1/ 4 a bushel.
CHICAGO, Jan 30- U.S. soybean futures climbed to a six-week high on Wednesday with prices underpinned by fears of a drought in major exporter Argentina and new U.S. soybean sales to top buyer China.
Jan 30- U.S. ethanol production has fallen to its lowest level since the government started collecting data more than two years ago, as poor demand and the high cost of corn prompt a series of plant closings. Gasoline demand is down and that is the big driver, "said R.J. O'Brien& Associates ethanol trader Julie Ward."
CHICAGO, Jan 30- U.S. soybean futures climbed to a six-week high on Wednesday with prices underpinned by fears of a drought in major exporter Argentina and new sales to top buyer China. Corn futures also rose on concerns about crop losses in Argentina, while unfavorable dryness in the U.S.
CHICAGO, Jan 30- U.S. soybean futures climbed to a six-week high on Wednesday with prices underpinned by fears of a drought in major exporter Argentina and new sales to top buyer China. Corn futures also rose on concerns about crop losses in Argentina, while unfavorable dryness in the U.S.
*Dry weather in Argentina, rain in Brazil among concerns. HAMBURG/ SINGAPORE, Jan 30- U.S. soybean futures rose for a fourth straight session on Wednesday with prices underpinned by drought fears in top exporter Argentina and concerns that rain will delay Brazil's crop.
*Dry weather in Argentina underpins corn, soy. CHICAGO, Jan 29- U.S. corn and soybean futures rose on Tuesday as dry weather threatened to reduce production in major exporter Argentina, while wheat jumped on deteriorating crop conditions in the U.S.
*Dry weather in Argentina underpins corn, soy. LONDON, Jan 29- Chicago corn and soybean futures rose on Tuesday as dry weather threatened to reduce production in major exporter Argentina while wheat prices were boosted by deteriorating crop conditions in the U.S.