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  • *South Korea long been expected to switch to tariffs. SEOUL, July 17- South Korea will on Friday announce plans to scrap caps on rice imports from the start of 2015, instead managing shipments into the country using a system of steep tariffs, domestic media outlets including the Yonhap news agency reported on Thursday.

  • Corn and soybean futures turn higher; metals mixed Wednesday, 16 Jul 2014 | 4:22 PM ET

    Corn and soybean futures ended higher Wednesday, reversing course after several weeks of losses. Corn for December delivery, the most actively traded contract, rose 5 cents, or 1.3 percent, to $3.87 a bushel. Platinum for October delivery added 70 cents to $1,485.70 an ounce and palladium for September delivery rose $8.20 to $876.75 an ounce.

  • Craft beer boom has brewers hopping for hops Wednesday, 16 Jul 2014 | 11:30 AM ET
    Hops growing at B.T. Loftus Ranches in Yakima, WA.

    There's no beer without hops, and with prices for the critical ingredient rising, craft brewers are paying attention.

  • Grain higher, livestock lower Wednesday, 16 Jul 2014 | 11:05 AM ET

    CHICAGO— Grain futures were higher Wednesday on the Chicago Board of Trade. Wheat for Sept delivery was. 25 cent higher at $5.38 a bushel; Sept corn was 4.25 cents higher at 3.7825 a bushel; Dec oats were 3.75 cents higher at $3.3475 a bushel; while Nov soybeans were 15.75 cents higher at $11.02 a bushel.

  • *Corn rises on bargain buying after heavy losses. SINGAPORE/ HAMBURG, July 16- U.S. new-crop corn futures rose on Wednesday in a rebound after sharp falls including a fresh contract low hit a day earlier, but expectations of near-record crops in the United States limited gains.

  • Common grade Thai 5 percent white rice was offered at $430 per tonne, up from $420 last week. In Vietnam, the price of low-quality 25- percent broken rice rose around 5 percent from $365 to $370 to $385 to $390 a tonne, the highest in nearly seven months, driven up by limited supply and regional buying, traders said.

  • Common grade Thai 5 percent white rice was offered at $430 per tonne, up from $420 last week. In Vietnam, the price of low-quality 25- percent broken rice rose around 5 percent from $365 to $370 to $385 to $390 a tonne, the highest in nearly seven months, driven up by limited supply and regional buying, traders said.

  • Locally-grown foods look to bigger business Wednesday, 16 Jul 2014 | 3:05 AM ET

    But with a steady supply of locally grown food from the Common Market food hub, Jefferson now serves vegetables like bok choy and asparagus, creamy yogurts from Amish country and omelets with locally sourced cage-free eggs and spinach.

  • Corn slides again, extending recent losses Tuesday, 15 Jul 2014 | 4:31 PM ET

    Corn futures slumped again Tuesday, extending a recent slide brought on by expectations of a huge crop this year. Corn for December delivery fell 6.5 cents to $3.82 a bushel. Corn traded as high as $5.22 a bushel on April 29.

  • Grain lower, livestock mostly higher Tuesday, 15 Jul 2014 | 11:18 AM ET

    CHICAGO— Grain futures were mixed Tuesday in early trading on the Chicago Board of Trade. Wheat for Sept delivery was unchanged at $5.3775 a bushel; Sept corn was 6.25 cents lower at $3.7525 a bushel; Dec oats were unchanged at $3.3250 a bushel; while Nov soybeans was 12.25 cents higher at $10.74 a bushel.

  • *Corn, soy crop conditions best in 20 years- USDA. CHICAGO, July 15- U.S. new-crop corn futures sank to a fresh contract low on Tuesday on forecasts for mild weather to boost the size of the U.S. crop, which already has the best condition rating in 20 years.

  • USDA: Illinois corn, soybean crops faring well Tuesday, 15 Jul 2014 | 5:01 AM ET

    ST. LOUIS— The U.S. Department of Agriculture says Illinois' latest crop of corn and soybeans is shaping up. The USDA says in its weekly crop-status update that 81 percent of the state's corn is rated as either good or excellent. The USDA considers three-quarters of that crop to be in good or excellent shape.

  • *Wheat, corn rise from four-year lows. "The weather continues to be excellent for crop development," Sterling Smith, futures specialist at Citigroup, said in a note to clients. Chicago Board of Trade September corn futures settled 3-3/ 4 cents higher at $3.81-1/ 2 a bushel, snapping a nine-session losing streak.

  • Dairy Farmers of America ends price suit for $50M Monday, 14 Jul 2014 | 1:56 PM ET

    The lawsuit charged the cooperative, its marketing arm, Dairy Marketing Services, and Dallas- based Dean Foods with working together to monopolize the market for raw milk in the Northeast, driving down prices paid to dairy farmers. Dairy processor Dean Foods Co. agreed to a settlement of $30 million in 2011. Dean Foods also did not admit any wrongdoing.

  • *Wheat ticks up from four-year lows. "The weather continues to be excellent for crop development," Sterling Smith, futures specialist at Citigroup, said in a note to clients. At 11:24 a.m. CDT, Chicago Board of Trade September corn futures were down 1/ 4 cent at $3.78 a bushel.

  • Grain higher, livestock mixed Monday, 14 Jul 2014 | 11:31 AM ET

    CHICAGO— Grain futures were higher Monday on the Chicago Board of Trade. Wheat for Sept delivery rose 11.75 cents to $5.3775 a bushel; Sept corn was 3.25 cents higher at 3.8150 a bushel; Dec oats were 6 cents higher at $3.3250 a bushel; while Nov soybeans advanced 11.25 cents to $10.8625 a bushel.

  • Va. wheat crop expected to top 2013 production Monday, 14 Jul 2014 | 9:41 AM ET

    RICHMOND, Va.— This year's wheat crop in Virginia is expected to top last year's crop by 1 percent. The Virginia Department of Agriculture and Consumer Services said Monday that growers are expected to produce about 17.2 million bushels in 2014, compared to 17.1 million bushels in 2013..

  • Audit: Failed sugar mill cost La. taxpayers $71M Monday, 14 Jul 2014 | 9:35 AM ET

    BATON ROUGE, La.— Louisiana lost more than $71 million in taxpayer money on a failed sugar cane mill in Jefferson Davis Parish that was sold for scrap late last year, according to an audit released Monday.

  • *Wheat ticks up after dropping to lowest since July 2010. SINGAPORE/ LONDON, July 14- U.S. new-crop corn futures fell for a tenth straight session on Monday to hit a contract low, while wheat and soybeans steadied, after a forecast by the U.S. Department of Agriculture for abundant global supplies caused a slump in prices last week.

  • INFLUENCE GAME: Shaping US railroad safety rules Sunday, 13 Jul 2014 | 8:39 AM ET

    Billions of dollars are riding on how these rules are written, and lobbyists from the railroads, tank car manufacturers and the oil, ethanol and chemical industries have met 13 times since March with officials at the White House and the Pipeline and Hazardous Materials Safety Administration.