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Agriculture

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  • *Soybeans turn lower as soymeal drops below $400 a ton. CHICAGO, Nov 28- U.S. wheat futures climbed to their highest in nearly five months on Friday, supported by news that Russia, a major global wheat supplier, was tightening its grain export rules, traders said. Wheat opened lower but quickly rallied on concerns about supplies from Russia, which the U.S. Department of...

  • *Process will enable Sasol to meet new environmental rules. *Sasol claims process is a world first. SECUNDA, South Africa, Nov 27- South African petrochemicals company Sasol said it opened an industrial plant that converts toxic waste sludge into fertiliser this week, in an effort to stay ahead of new and tighter environmental regulations.

  • 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.

  • 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...

  • "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,...

  • 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.

  • AMSTERDAM, Nov 22- Dutch health authorities on Saturday were destroying 8,000 ducks to prevent the possible spread of bird flu, which has infected three farms in a week in the Netherlands, a leading poultry and egg exporter. The Netherlands is the world's second-largest agricultural exporter after the United States, selling more than 79 billion euros worth of...

  • Obama's immigration plan risks backlash Friday, 21 Nov 2014 | 1:47 PM ET
    Mexican agricultural workers cultivate romaine lettuce on a farm in Holtville, Calif.

    The president's immigration actions may actually worsen labor shortages that many industry groups hope reform will fix.

  • *Agriculure helped make the Netherlands rich. AMSTERDAM, Nov 21- Agriculture has helped make the Netherlands rich, but experts warn that the density of farms and the increasing number of animals in one of the most intensive agricultural sectors in the world make it vulnerable to disesase. "When there is a disease in the Netherlands, which is the country in the world...

  • China to overhaul grains import quota system Thursday, 20 Nov 2014 | 6:17 PM ET

    China plans to revamp the scheme it uses to allocate quotas for agricultural imports, as part of efforts to stamp out corruption and to rein in record state grain stockpiles.

  • BEIJING, Nov 21- China plans to revamp the scheme it uses to allocate quotas for agricultural imports, as part of efforts to stamp out corruption and to rein in record state grain stockpiles, according to government and industry sources. The low-tariff quotas, which are sanctioned under China's membership of the World Trade Organisation, are allocated to...

  • Climate change to raise insurance losses Thursday, 20 Nov 2014 | 11:22 AM ET
    People wade through floodwaters while carrying belongings from their home in Lyons, Colo., Sept. 20, 2013.

    Property and agriculture losses caused by climate change is forecast to increase exponentially in the coming decades, reports USA Today.

  • Nov 19- Archer Daniels Midland Co sued seed company Syngenta AG on Wednesday over sales of a genetically modified corn variety not approved for import by China, joining more than 100 farmers and exporters in pursuing damages from the Swiss-based company. The lawsuit alleges that Syngenta commercialized the MIR162 corn variety, also known as Agrisure Viptera,...

  • WASHINGTON/ CHICAGO, Nov 19- U.S. farmers are about to reap a bumper harvest not just in corn and soybeans but also in new subsidies that could soar to $10 billion, blowing a hole in the government's promise that its new five-year farm bill would save taxpayers money. If payments for 2014, the first year the farm bill takes effect, do come in at that level- as some private...

  • SUVA, Nov 19- Indian Prime Minister Narendra Modi on Wednesday pledged a multi-million dollar line of credit for Fiji's struggling sugar industry, once worked by thousands of indentured labourers from India under appalling conditions. India will provide a $70 million line of credit to build a co-generation power plant at a sugar mill, Modi said in an address...

  • SUVA, Nov 19- Indian Prime Minister Narendra Modi on Wednesday pledged a multi-million dollar line of credit for Fiji's struggling sugar industry, once worked by thousands of indentured labourers from India under appalling conditions. India will provide a $70 million line of credit to build a co-generation power plant at a sugar mill, Modi said in an address...