Recent stories reported a coming worldwide kale shortage due to an absence of seeds at Australia's Bejos Seeds. The truth is something else.» Read More
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.
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.
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..
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.
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.
BOSTON— Whether it's pinot noir, merlot, chardonnay or cabernet sauvignon, wine lovers in Massachusetts will soon be able to have some of their favorite bottles shipped straight from the vineyards to their homes. Out-of-state domestic producers would initially pay $300 for a direct shipper's license, with a $150 renewal fee each subsequent year.
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.
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.
Corn and wheat have fallen more than 5 percent this week, while soybeans have lost nearly 4 percent amid market expectations that the U.S. Department of Agriculture will raise its estimates for production and stockpiles.
*Brazil cane harvest speeds up- Unica. NEW YORK/ LONDON, July 10- Speculators triggered a fall in arabica coffee futures by liquidating positions on Thursday, taking one of this year's best performing commodities to a near five-month low and knocking off the seasonal frost premium on moderate weather forecasts.