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Agriculture

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  • LONDON, Nov 27- The International Grains Council on Thursday raised its forecast for the 2014/ 15 world corn crop, reflecting an upward revision to production in China. The corn crop in China, the world's number two producer, was put at 216 million tonnes, up from a previous forecast of 213.8 million but still just below the prior season's 218.5 million.

  • Grain mostly lower, livestock mixed Wednesday, 26 Nov 2014 | 10:51 AM ET

    CHICAGO— Grain futures were mostly lower Wednesday in early trading on the Chicago Board of Trade. Wheat for Mar delivery was 1.50 cents lower at $5.5625 a bushel; Mar corn was 2 cents higher at $3.8925 a bushel; Dec oats were unchanged at $2.99 a bushel; while Jan soybeans gained 10.00 cents to $10.41 a bushel. Feb live cattle was. 12 cent lower at $1.7090 pound; Jan...

  • Nov 26- Deere& Co said it expected equipment sales to fall further as lower grain prices discourage farmers from buying tractors, harvesters and other machinery. Corn prices have fallen about 11 percent this year so far, on top of a decline of nearly 40 percent last year. Moline, Illinois- based Deere cut its forecast for corn price next year to about $3.45 per bushel...

  • Nov 26- Deere& Co forecast a drop in equipment sales in the current quarter as lower grain prices discourage farmers from buying tractors, harvesters and other agricultural machinery. Corn prices have fallen about 11 percent this year, on top of a decline of nearly 40 percent last year. Net income attributable to Deere fell to $649.2 million, or $1.83 per share, in...

  • Deere dips on shaky outlook for fiscal 2015 Wednesday, 26 Nov 2014 | 7:47 AM ET

    NEW YORK— Deere's fourth-quarter results were stronger than Wall Street expected but it says its farm equipment sales and profits will keep falling in its new fiscal year as the sector remains weak. In the fourth quarter Deere says it earned $649.2 million, or $1.83 per share, down from $806.8 million, or $2.11 per share, a year ago. FactSet says analysts expected a...

  • Iowa posts record egg production as demand soars Tuesday, 25 Nov 2014 | 2:52 PM ET

    DES MOINES, Iowa— The egg is on a roll. "A lot of it has to do with quick service restaurants offering breakfast now and many of them include egg whites and some whole eggs in their breakfasts," said Maro Ibarburu, associate scientist and business analyst at the Egg Industry Center at Iowa State University. Adopting similar strategies have been Dunkin' Donuts, with its...

  • "Improved crop yields have allowed cattle producers to feed cattle longer and to hold cattle for expansion," USDA said. The USDA maintained its forecast for a pork price increase of 8 percent but now sees 2015 prices rising by 5 percent, up from 3.5 percent last month. "Extremely favorable livestock producer margins will lead to greater expansion in the production...

  • "The changed outlook is largely the result of declines in expected crop prices, reducing crop cash receipts from the August forecasts," the USDA said. The USDA currently forecasts average 2014/ 15 farm prices of $3.50 per bushel for corn, the largest U.S. crop; in August its forecast was $3.90. Over time, lower feed prices should kick in, given the slide in grain prices,...

  • Illinois farmers winding down harvest Tuesday, 25 Nov 2014 | 12:53 PM ET

    SPRINGFIELD, Ill.— Illinois farmers are winding down the harvest, with 97 percent of the state's corn crop having been brought in as of last week. The U.S. Department of Agriculture has issued its final weekly crop update of the year. It says some producers continued with fall tilling and fertilizer applications for the week that ended Sunday.

  • Farm sector profits slump to 4-year low: USDA Tuesday, 25 Nov 2014 | 11:57 AM ET

    Forecasters projected net farm income would slide down to $96.9 billion, according to the Department of Agriculture.

  • Grain mostly higher, livestock mixed Tuesday, 25 Nov 2014 | 11:00 AM ET

    CHICAGO— Grain futures were higher Tuesday in early trading on the Chicago Board of Trade. Wheat for Mar delivery was unchanged at $5.4950 a bushel; Mar corn was 2 cents higher at $3.8225 a bushel; Dec oats were unchanged at $3.0550 a bushel; while Jan soybeans gained 14.25 cents to $10.48 a bushel. Feb live cattle was. 03 cent higher at $1.7005 pound; Jan feeder cattle...

  • Snow, cold hamper Minnesota harvest wrap-up Tuesday, 25 Nov 2014 | 9:41 AM ET

    ST. PAUL, Minn.— Freezing temperatures and snow have hampered Minnesota farmers as they try to finish the fall harvest. Farmers tried to finish the harvest and fall tillage, but progress was limited across much of Minnesota. Ninety-six percent of Minnesota's corn acreage is harvested, up only 1 percentage point from the week before.

  • South Dakota corn, sunflower harvests wrapping up Tuesday, 25 Nov 2014 | 8:29 AM ET

    SIOUX FALLS, S.D.— South Dakota farmers are wrapping up the corn and sunflower harvests. The Agriculture Department says in its weekly crop report that the sunflower harvest is 86 percent done, slightly behind the average pace. The corn harvest is 96 percent complete, ahead of the average.

  • Nebraska farmers nearly done harvesting crops Tuesday, 25 Nov 2014 | 5:17 AM ET

    LINCOLN, Neb.— Nebraska farmers are nearly done harvesting this year's crops after last week's cold, dry weather. The U.S. Department of Agriculture says 96 percent of the corn grown in Nebraska has been harvested. The USDA also estimated that about 69 percent of the winter wheat crop is in good or excellent shape.

  • Harvest of sorghum, soybeans wraps up in Kansas Tuesday, 25 Nov 2014 | 5:02 AM ET

    WICHITA, Kan.— The latest government farm snapshot shows the fall harvest is wrapping up in Kansas. The National Agricultural Statistics Service reported Monday that 90 percent of the sorghum and 96 percent of the soybeans have now been cut in the state. The sunflower harvest is 86 percent finished.

  • Cream of the crop: Investing in agriculture     Tuesday, 25 Nov 2014 | 3:45 AM ET

    Anna Haurie, executive group managing director at Dexion Capital, and Charles Whitaker, partner at Brown & Co., discuss how to invest in agriculture.

  • Two of the world's biggest seed makers, Syngenta AG and Dow AgroSciences, are responding with tightly controlled U.S. launches of new GMO seeds, telling farmers where they can plant new corn and soybean varieties and how can the use them. Beijing is taking longer than in the past to approve new GMO crops, and Chinese ports in November 2013 began rejecting U.S....

  • *Soybeans lower on bright South American crop prospects. *Wheat follows corn, soy lower. Soybeans and wheat also declined.

  • Grain lower, livestock mixed Monday, 24 Nov 2014 | 11:07 AM ET

    CHICAGO— Grain futures were mixed Monday in early trading on the Chicago Board of Trade. Wheat for Mar delivery was unchanged at $5.3350 a bushel; Mar corn was 2.75 cents lower at $3.8250 a bushel; Dec oats were unchanged at $3.2675 a bushel; while Jan soybeans gained 7 cents to $10.32 a bushel. Feb live cattle was. 10 cent higher at $1.7225 pound; Jan feeder cattle was. 45...

  • Syngenta, Swiss agribusiness, targets 1,800 jobs Monday, 24 Nov 2014 | 3:33 AM ET

    GENEVA— Agrochemicals giant Syngenta says it is eliminating or reshuffling 1,800 jobs globally as part of a $1 billion cost-cutting program to boost earnings. The Basel, Switzerland- based manufacturer, which is one of the world's largest suppliers of seeds and crop chemicals and has more than 28,000 employees in some 90 countries, says most of the...