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Agriculture

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  • CHICAGO, Feb 23- Chicago Mercantile Exchange lean hogs finished higher on Monday on strong cash prices and the resumption of cargo loading following Friday's West Coast port labor agreement, traders said. Monday morning's average market-ready or cash hog price in Iowa/ Minnesota surged $3.29 per hundredweight from Friday to $63.01, the U.S. Department of...

  • Grain mixed, livestock mixed Monday, 23 Feb 2015 | 10:54 AM ET

    CHICAGO— Grain futures were mixed Monday in early trading on the Chicago Board of Trade. Wheat for May delivery was 1.75 cents higher at $5.0875 a bushel; May corn was 4.50 cents lower at $3.8850 a bushel; May oats were unchanged at $2.735 a bushel; while May soybeans lost 1.75 cents to $10.005 a bushel. April live cattle was. 48 cent higher at $1.49 a pound; March feeder...

  • CHICAGO, Feb 23- Across the U.S. Many rent payments- which vary from a few thousand dollars for a tiny farm to millions for a major operation- are due on March 1, just weeks after the U.S. Department of Agriculture estimated net farm income, which peaked at $129 billion in 2013, could slide by almost a third this year to $74 billion. In Iowa, the nation's top corn and soybean...

  • India's Modi bets on GM crops for green revolution Saturday, 21 Feb 2015 | 10:49 PM ET
    A worker harvests onions on a farm near Umrana, Maharashtra, India, on Tuesday, Nov. 11, 2014.

    Modi is looking to reverse India's effective ban on genetically modified food crop trials in a bid to boost the country's dismal farm productivity.

  • NEW DELHI, Feb 22- On a fenced plot not far from Indian Prime Minister Narendra Modi's home, a field of mustard is in full yellow bloom, representing his government's reversal of an effective ban on field trials of genetically modified food crops. India placed a moratorium on GM aubergine in 2010 fearing the effect on food safety and biodiversity.

  • Goat farmers, producers handle increased demand for dairy Saturday, 21 Feb 2015 | 10:31 AM ET

    MADRID, Iowa— Buying two goats in August 2008 was little more than an experiment for farmer Paula Olson and some entertainment for her daughters. In Iowa, the number of goat farms has climbed from less than 20 a decade ago to about 200, behind only Wisconsin and California. "It's not like the cow world," said Larry Hedrich, owner of LaClare Family Farm in Chilton,...

  • *USDA cattle, storage reports at 2 p.m. CST. CHICAGO, Feb 20- Chicago Mercantile Exchange live cattle fell Friday on lower cash prices before the U.S. Department of Agriculture's monthly Cattle-On-Feed report at 2 p.m. CST, traders said. Tom Tippens, an analyst with West Oak Commodities, said the futures market is faced with strong demand headwinds given extreme...

  • Grain lower, livestock mixed Friday, 20 Feb 2015 | 10:59 AM ET

    CHICAGO— Grain futures were mixed Friday in early trading on the Chicago Board of Trade. Wheat for March delivery was 6 cents lower at $5.2175 a bushel; March corn was 4.25 cents lower at $3.8550 a bushel; March oats were unchanged at $2.77 a bushel; while March soybeans lost at 6.25 cents at $10.01 a bushel. April live cattle was. 20 cent higher at $1.5170 a pound; March...

  • SAO PAULO, Feb 20- Truckers protesting high diesel prices in Brazil used road blocks to restrict the flow of soy, corn and other commodities in a key grain-growing region for a third day on Friday, threatening what is expected to be a record harvest. A group of transport companies and independent truckers are blocking the flow of goods on the main highway and other...

  • Feb 20- Farm equipment maker Deere& Co posted a 43 percent fall in first-quarter profit and cut its full-year profit forecast as lower corn prices and weak farm income weighed on demand for agricultural machinery. The company also has operations in Canada, Brazil, China, France, Germany, India, Russia and South Africa among others. The United States and Canada...

  • Digging into Deere's beat  Friday, 20 Feb 2015 | 8:02 AM ET

    Discussing Deere's fourth quarter earnings beat, and insight into the agriculture market, with Ann Duignan, JPMorgan machinery & multi-industry analyst. The company said it expected a 17 percent drop in equipment sales for 2015.

  • Feb 20- Farm equipment maker Deere& Co posted a 43 percent fall in quarterly profit on Friday, hurt by a decline in sales of tractors, harvesters and other farm machinery. Net income attributable to Deere fell to $387 million, or $1.12 per share, in the first quarter ended Jan. 31, from $681 million, or $1.81 per share, a year earlier. Sales fell 16.6 percent to $6.38 billion.

  • MOSCOW, Feb 20- Russia should consider cutting import taxes for raw sugar, vegetables and fruit and imposing export duties on rye, barley and maize, Russian news agencies quoted the head of the state Anti-Monopoly Service as saying on Friday. He said Russia should also impose a quota on imports "so as not to kill Russian producers". The sugar duty in Russia, Belarus and...

  • MOSCOW, Feb 20- Russian fertiliser producers are willing to cut prices by up to 33 percent for domestic customers, Russian news agencies reported on Friday, citing Igor Artemyev, head of the country's Federal Anti-Monopoly Service. Artemyev's comments came after Deputy Prime Minister Arkady Dvorkovich said that Russia did not plan to impose an export tax on...

  • *USDA cattle, storage reports on Friday. Thursday morning's average market-ready or cash hog price in Iowa/ Minnesota was up 52 cents per hundredweight from Wednesday to $57.71, the U.S. Department of Agriculture said. Separate USDA data showed the morning's wholesale pork price had risen 39 cents per cwt from Wednesday to $72.83.

  • GENEVA, Feb 19- Big developing countries such as China and India are routinely breaking international trade rules on agriculture and the U.S. government should take action to stop them, representatives of U.S. corn and rice growers said on Thursday. "It's time for action," Robert Cummings, chief operating officer of USA Rice Federation, told Reuters in Geneva, home...

  • What serious problem rhymes with orange? Thursday, 19 Feb 2015 | 1:27 PM ET
    Oranges hang from trees at an orange grove in Winter Garden, Florida.

    A cold snap in Florida may threaten next year's citrus crop, and California growers are fighting for their future.

  • Grain mixed, livestock mixed Thursday, 19 Feb 2015 | 10:58 AM ET

    CHICAGO— Grain futures were mixed Thursday in early trading on the Chicago Board of Trade. Wheat for March delivery was unchanged at $5.2775 a bushel; March corn was 4.50 cents higher at $3.8825 a bushel; March oats were unchanged at $2.7425 a bushel; while March soybeans gained at 9.25 cents at $10.05 a bushel. April live cattle was 1.32 cents lower at $1.5130 a...

  • WASHINGTON, Feb 19- U.S. meat and poultry production will rise to a record 95.13 million pounds in 2015, with gains in pork and poultry output more than offsetting a slight drop in beef production, the U.S. Department of Agriculture forecast on Thursday. Total U.S. pork production was seen up 5.5 percent at 24.09 million pounds, while poultry output was forecast to...

  • OSLO/ FRANKFURT, Feb 19- Norwegian fertiliser maker Yara and German chemicals firm BASF will spend $600 million building an ammonia plant in Texas, taking advantage of cheap shale gas to expand their presence in the United States, the companies said. Yara will own 68 percent of the project, to be built on BASF's industrial complex in Freeport, while the German firm...