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Agriculture

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  • *Corn falls for 7th consecutive day. Chicago Board of Trade December corn slipped 3-1/ 4 cents to $4.01 a bushel by 9:55 a.m. CDT after setting a new contract low of $4.00-3/ 4, below Tuesday's contract low of $4.02-3/ 4. The front-month corn contract was down 2-1/ 4 cents at $4.06, near an almost four-year low of $4.05-1/ 2 set on Monday.

  • *Top buyers Japan, Indonesia put off purchases. That could hurt key exporters including the United States, Brazil, India and Ukraine, and will pile further pressure on prices for crops such as corn, wheat, soybeans and rice. The weather pattern typically sparks droughts across much of Asia and excessive rains in South America.

  • CHICAGO, July 9- Foster Farms and its London insurers are facing off over the definition of "product recall" as the poultry producer seeks payment of $14.2 million in claims arising from a government-mandated shutdown of one of its plants, court documents show.

  • Chicken price up— blame fat roosters who won't mate Wednesday, 9 Jul 2014 | 1:00 AM ET

    Aviagen Group's standard Ross male breed is sire to up to 25 percent of the nation's poultry, and its infertility is a problem for prices.

  • *Good news for regional rice suppliers such as Vietnam, Thailand. MANILA, July 8- The Philippines has shifted away from setting a target date for its plan to be completely self-sufficient in the production of rice, a senior government official said, likely keeping its doors open to imports beyond the current goal of 2016..

  • July 8- California regulators violated the law by approving expanded use of pesticides that have been shown to hurt honeybees needed for pollinating key American crops, according to a lawsuit filed against the state by environmental groups on Tuesday.

  • *USDA crop data confirms good Midwest growing conditions. The USDA on Monday reported that the corn crop was in the best shape for early July in 15 years and that soy crop conditions were the best in 20 years.

  • PARIS/ SINGAPORE, July 8- Chicago soy fell for a seventh session on Tuesday to trade near its lowest in five months as near-perfect crop weather across the U.S.

  • Chevron pumps something more prized than oil in CA Tuesday, 8 Jul 2014 | 8:02 AM ET
    Chevron's oil field in Kern County, Calif., which produces more water than it does oil.

    Chevron-owned oil fields in California are now producing ten times more water than oil in response to CA's drought. The NYT reports.

  • *Good news for regional rice suppliers such as Vietnam, Thailand. MANILA, July 8- The Philippines has shifted away from setting a target date for its plan to be completely self-sufficient in the production of rice, a senior government official said, likely keeping its doors open to imports beyond the current goal of 2016..

  • Pot plants slurp up California's water supply Monday, 7 Jul 2014 | 1:28 PM ET

    Scientists say if no action is taken during California's extreme drought, there could be dire and irreversible consequences for wildlife.

  • LONDON/ FRANKFURT July 7- U.S. agribusiness Archer Daniels Midland has agreed to buy Swiss-German natural ingredient company Wild Flavors for 2.3 billion euros to enter the flavouring and the health-conscious food sectors.

  • *Corn hits lowest point since 2010 on ideal crop weather. *Corn, soy crop conditions seen steady at multiyear highs. "Corn is lower as weather conditions continue to be superb over the vast preponderance of the growing area," said Sterling Smith, analyst at Citigroup.

  • LONDON, July 7- Booming demand for food in China's southern and eastern cities is worsening water shortages in arid northern provinces, adding to the country's environmental problems, new research shows.

  • LONDON/ FRANKFURT July 7- U.S. agribusiness Archer Daniels Midland has agreed to buy Swiss-German natural ingredient company Wild Flavors for 2.3 billion euros to enter the flavoring and the health-conscious food sectors.

  • JAKARTA, July 4- Indonesia's two presidential candidates have pledged to increase the amount of farm land to improve self sufficiency, although previous such plans by Asia's top importer of wheat and a major buyer of other grains and edibles have often stumbled.

  • BOGOTA, July 2- Colombia coffee production for June was up 3 percent, to 944,000 60- kg bags, from the same month a year earlier, the national growers' federation said on Wednesday.

  • SYDNEY, July 3- When it comes to resolving a big global food problem, a new breed of farmers and their financial backers are thinking small.

  • *China expected to scrap corn stockpiling. *Soybeans lower on good weather, fund liquidation. At the Chicago Board of Trade, September corn settled down 3-3/ 4 cents at $4.12-1/ 4 per bushel.

  • BEIJING, July 2- China is expected to scrap its corn stockpiling scheme by as early as next year as it battles to reduce mammoth state reserves that account for more than half of global stocks. "Corn will be next after cotton and soybeans.