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Agriculture

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  • 'Peak soil' threatens future global food security Thursday, 17 Jul 2014 | 8:44 AM ET

    *Arable land from China to Sub-Saharan Africa already lost. "We know far more about the amount of oil there is globally and how long those stocks will last than we know about how much soil there is," said John Crawford, Director of the Sustainable Systems Programme in Rothamsted Research in England.

  • *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.

  • 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.

  • *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.

  • *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.

  • *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.

  • *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.

  • *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.

  • NEW YORK, July 11- Commodity prices from cotton to corn to crude tumbled on Friday, driving a key index to its longest-ever losing streak as supply-side fundamentals grew brighter. The rout came a day after news of strain at Portugal's largest listed bank upset other financial markets with fears of financial contagion in Europe.

  • LONDON, July 11- A group of armed individuals has occupied a Cargill Inc sunflower-seed crushing plant in Ukraine's eastern Donetsk region after it was closed due to the increased tensions in the area, the company said on Friday.

  • *USDA pegs old-crop U.S. corn, soy stocks above estimates. And the USDA, in a monthly report, raised its forecast for the soybean harvest by 4.5 percent to 3.8 billion bushels. The USDA raised its outlook for U.S. corn inventories at the end of August by 8 percent from June to 1.246 billion bushels, topping analysts' estimates for 1.232 billion.

  • WASHINGTON, July 11- The United States government forecast on Friday abundant U.S. and world grain, soybean and cotton supplies in the coming year, consistent with the recent steep decline in prices. Corn also fell to the lowest on an active-month basis since August 2010 before finding support near the $4 per bushel level and turning slightly higher.

  • WASHINGTON, July 11- The United States government on Friday forecast abundant U.S. and world grain, soybean and cotton supplies in the coming year, consistent with the recent steep decline in prices. Corn was down about 0.7 percent, but on an active-month basis corn futures are at their lowest since August 2010.

  • Huge U.S., global grain, soy supplies on tap - USDA Friday, 11 Jul 2014 | 12:01 PM ET

    WASHINGTON, July 11- The U.S. Department of Agriculture on Friday signaled abundant U.S. and world grain and soybean supplies in the coming year, a trend anticipated in futures markets for weeks by rapidly falling prices.

  • *Global agricultural production and consumption to rise. ROME, July 11- World food output is on track to meet the needs of a growing population after a decade punctuated by supply concerns, the OECD and U.N. food agency said on Friday.

  • *Corn falls for ninth session on bumper production outlook. *USDA seen lifting supply estimates in reports at 1600 GMT. Chicago Board of Trade December corn futures slumped 2-1/ 2 cents to $3.90-1/ 4 a bushel by 9:45 a.m. CDT, after setting a contract low of $3.89-1/ 4.

  • ROME, July 11- The outlook for world food inflation looks lower and more stable as agricultural commodity prices settle over the next decade following years of volatility, the U.N.' s Food and Agriculture Organization and the OECD said on Friday.

  • SEOUL, July 11- South Korea has no choice but to scrap caps on rice imports from the start of 2015, instead managing shipments into the country using a system of tariffs, a senior government official said on Friday.