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Agriculture

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  • Grain lowe, livestock higher Monday, 2 Mar 2015 | 10:53 AM ET

    CHICAGO— Grain futures were mostly higher Monday in early trading on the Chicago Board of Trade. Wheat for May delivery unchanged at $5.13 a bushel; May corn was 2.50 cents lower at $3.9075 a bushel; May oats were unchanged at $2.7825 a bushel; while May soybeans gained. 75 cents to $10.3250 a bushel. April live cattle was 1.85 cents higher at $1.5355 a pound; March...

  • BRUSSELS— The European Union is giving member states the power to ban the cultivation of genetically-modified crops even if they have been approved by the bloc's food safety authority. Mute Schimpf of Friends of the Earth Europe says the new law "is a massive opportunity for national governments to shut the door on biotech crops in Europe."

  • Potash Corp to buy stake in Brazil's Heringer Monday, 2 Mar 2015 | 8:26 AM ET

    March 2- Potash Corp of Saskatchewan Inc, the world's biggest fertilizer company by market capitalization, said it would buy a 9.5 percent stake in Brazil's Fertilizantes Heringer SA from its controlling shareholders for $55.7 million. The deal, expected to close in the second half of this year, will pave the way for a long-term potash supply agreement, allowing...

  • NEW YORK/ MANAGUA, March 1- Venezuela, once a proud exporter of premium coffee, has been reduced to swapping crude oil for growing volumes of Nicaraguan coffee beans to make sure worsening economic turmoil does not prevent people from getting their caffeine fix. Falling coffee production and near-record demand has forced it to buy more higher-priced foreign...

  • The U.S. Fish and Wildlife Service is taking comments and data about monarchs through March 2, and a decision on whether to list the monarch as threatened is due in December. Environmentalists say the butterfly's decline— the overwinter population in Mexico reached a low in 2013— has coincided with the rise of St. Louis- based agribusiness giant Monsanto's...

  • The U.S. Department of Agriculture's Risk Management Agency, which oversees the multibillion-dollar crop insurance program, by law uses the average price in February for harvest-time grain futures contracts to set the "floor" price that private insurers must guarantee farmers who sign up. Based on Friday's futures closes, the RMA is expected to set the floor...

  • Still no federal water for California farmers Friday, 27 Feb 2015 | 3:58 PM ET
    Dried and cracked earth on an unplanted field at a farm near Mendota, Calif.

    A U.S. agency said it will not release any water for Central Valley farms this year, forcing farmers to continue to scramble.

  • Grain lower, livestock mostly higher Friday, 27 Feb 2015 | 10:55 AM ET

    CHICAGO— Grain futures were lower Friday in early trading on the Chicago Board of Trade. Wheat for May delivery unchanged at $5.0050 a bushel; May corn was 1.75 cents lower at $3.8675 a bushel; May oats were unchanged at $2.7450 a bushel; while May soybeans lost. 75 cent to $10.2575 a bushel. April live cattle was 1.40 cents higher at $1.5120 a pound; March feeder cattle...

  • WINNIPEG, Manitoba, Feb 26- Canadian farmers are plowing profits from bumper crops into fertilizer storage facilities to mitigate the pricing power held by major retailers and producers. Over time, the practice might erode the steep premiums farmers pay in the spring to retail businesses owned by Agrium Inc, Richardson International and Cargill Ltd, while...

  • Grain higher, livestock mixed Thursday, 26 Feb 2015 | 10:50 AM ET

    CHICAGO— Grain futures were higher Thursday in early trading on the Chicago Board of Trade. Wheat for May delivery unchanged at $4.9725 a bushel; May corn was 2.25 cents higher at $3.86 a bushel; May oats were unchanged at $2.6725 a bushel; while May soybeans gained 6.25 cents to $10.17 a bushel. April live cattle was 1.50 cents higher at $1.4835 a pound; March feeder...

  • WASHINGTON— In the ever-complicated debate over labeling of genetically modified foods, Agriculture Secretary Tom Vilsack offers this idea: Use your smartphone. Vilsack told members of Congress on Wednesday that consumers could just use their phones to scan special bar codes or other symbols on food packages in the grocery store. He has mentioned the idea...

  • LONDON, Feb 26- EU rules that prevent genetically modified crops from being grown in the UK, even after they pass rigorous safety tests, are not fit for purpose and should be totally reformed, British lawmakers said on Thursday. "A regulatory system which can take decades to reach a decision cannot possibly be considered fit for purpose," Andrew Miller, the...

  • SAO PAULO, Feb 25- Truckers staged nearly 100 road blocks across Brazil's farm belt on Wednesday as protests stretched into their eighth day, though access to the country's biggest port was cleared after police clashed with protesters who had briefly halted traffic there. The steadily widening blockades have sparked growing fuel and supply shortages and...

  • Off the hook: US Supreme Court dismisses fish suit Wednesday, 25 Feb 2015 | 10:59 AM ET
    The U.S. Supreme Court

    Justices said the law intended to prevent fraud committed by companies like Enron, WorldCom does not apply to Florida fisherman.

  • Grain lower, livestock higher Wednesday, 25 Feb 2015 | 10:53 AM ET

    CHICAGO— Grain futures were mixed Tuesday in early trading on the Chicago Board of Trade. Wheat for May delivery unchanged at $5.0375 a bushel; May corn was 1.50 cents lower at $3.84 a bushel; May oats were unchanged at $2.7275 a bushel; while May soybeans lost 1 cent to $10.1775 a bushel. April live cattle was 1.08 cent higher at $1.4665 a pound; March feeder cattle was...

  • WASHINGTON— A Florida fisherman convicted of tossing undersized grouper off his boat is off the hook after a divided Supreme Court ruled Wednesday that he should not have been ensnared by a law targeting accounting fraud. In a 5-4 decision the justices threw out the conviction of commercial fishing boat captain John Yates, who was prosecuted under a law passed...

  • SYDNEY, Feb 25- Australia and the United States, two of the world's biggest wheat exporters, are racing to become mass producers of the South American "super food" quinoa and tap a gluten-free market expected to be worth more than $6 billion by 2018.. "We have been growing quinoa for about five years now, and as the market has grown, there is little shortage of other...

  • Drop in soup sales dents Campbell's profit Wednesday, 25 Feb 2015 | 7:30 AM ET

    CAMDEN, N.J.— Campbell Soup said Wednesday its quarterly profit tumbled 36 percent as sales of its canned soups and vegetable juice fell. The company, whose brands include V8 juice, Pepperidge Farm cookies and Prego pasta sauces, has been struggling as Americans migrate toward foods they feel are fresher or more wholesome. More broadly, Campbell CEO Denise...

  • Overfishing driving slavery on Thailand's seafood boats Wednesday, 25 Feb 2015 | 5:19 AM ET

    SAMUT SAKHON, Thailand— Urine pools under a bed where an emaciated Burmese man lies wearing only a T-shirt and a diaper. He is just one of countless hidden casualties from the fishing industry in Thailand, the world's third-largest seafood exporter. The group estimates that up to half of all fish labeled a "product of Thailand" is sourced from outside its borders—...

  • MUMBAI, Feb 25- Hindu nationalists in India have stepped up attacks on the country's beef industry, seizing trucks with cattle bound for abattoirs and blockading meat processing plants in a bid to halt the trade in the world's second-biggest exporter. "We are doing everything legally, but these people harass us and disrupt our work for no reason," said Mohammad...