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  • US companies eager to embrace Cuba face hurdles Sunday, 21 Dec 2014 | 11:13 AM ET

    American businesses have begun imagining ways to capitalize on last week's announcement that the United States will restore diplomatic ties with Cuba and ease curbs on trade with one of the last surviving Communist regimes. Their more ambitious plans would require that Congress lift the U.S. embargo on most exports to Cuba. All that said, Cuba experts have a...

  • Officials OK perks for Iowa vegetable oil plant Saturday, 20 Dec 2014 | 5:25 PM ET

    SIOUX CITY, Iowa— State and local officials have approved $3.1 million in incentives for an Omaha, Nebraska, soybean processor to build a $90 million vegetable oil refinery in northwestern Iowa. An agreement approved Friday by the Woodbury County Board will exempt Ag Processing Inc. from $2.1 million in county property taxes through 2024, the Sioux City...

  • CHICAGO, Dec 19- China has officially approved imports of a genetically modified Bayer CropScience soybean variety after seven years of review, the company said on Friday, raising expectations that approval notices will come soon for other biotech crops. Bayer received an import certificate from China, the world's top soybean importer, for its LL55 Liberty...

  • CHICAGO, Dec 19- China has officially approved imports of a genetically modified Bayer CropScience soybean variety after seven years of review, the company said on Friday, raising expectations that approval notices will come soon for other grains. Bayer received an import certificate from China for its LL55 Liberty Link soybean, which is engineered to help...

  • BUENOS AIRES, Dec 19- Argentine farmers will increase protests ahead of presidential elections in October 2015 to push candidates toward reforming policies that growers say are killing their profits, said Omar Principe, the new head of one of the country's main farm groups. Principe, named head of the Argentina Agrarian Federation earlier this month, said...

  • Grain lower and livestock higher Friday, 19 Dec 2014 | 10:51 AM ET

    CHICAGO— Grain futures were higher Friday in early trading on the Chicago Board of Trade. Wheat for Mar delivery was unchanged at $6.5525 a bushel; Mar corn was 2.75 cents lower at $4.0825 a bushel; Mar oats were unchanged at $3.1625 a bushel; while Mar soybeans were unchanged at $10.4325 a bushel. Feb live cattle was 1.78 cent higher at $1.6030 a pound; Jan feeder...

  • US agriculture has big appetite for Cuba trade Friday, 19 Dec 2014 | 1:40 AM ET

    MINNEAPOLIS— U.S. agriculture has a big appetite for freer trade with Cuba. Major U.S. farm groups including the American Farm Bureau Federation and National Farmers Union, as well as leading agribusinesses such as Cargill Inc., have long advocated normalized trade relations with Cuba, a market of 11 million consumers just 90 miles off U.S. shores.

  • Dec 18- Chinese government approval for imports of a controversial type of Syngenta AG biotech corn increases the likelihood the seed maker will pay legal settlements, said some lawyers for U.S. farmers and exporters suing for damages from grain shipments rejected by Beijing. Agriculture Secretary Tom Vilsack, ends uncertainty about Agrisure Viptera...

  • CME Group imposes rare halt on wheat futures trading Thursday, 18 Dec 2014 | 4:25 PM ET

    CHICAGO, Dec 18- CME Group Inc briefly halted electronic trading in U.S. wheat futures overnight on Thursday after prices sank 1.6 percent in one second as concerns about Russian export curbs roiled the market. CME Group stopped trading in the most-active Chicago Board of Trade March wheat contract at 3:49: 37 a.m. CST, company spokesman Chris Grams said.

  • EU grain to enjoy spoils of Russian export curbs Thursday, 18 Dec 2014 | 12:05 PM ET

    *Australia, Argentina, Canada, Ukraine could also benefit. PARIS, Dec 18- European Union grain exporters will be the main beneficiaries of Russia's pullback from international grain markets as Moscow races to cool domestic prices in the face of economic crisis, analysts and traders said. "At current prices, it's clearly European wheat that will benefit," Andree...

  • Grain higher and livestock higher Thursday, 18 Dec 2014 | 11:02 AM ET

    CHICAGO— Grain futures were higher Thursday in early trading on the Chicago Board of Trade. Wheat for Mar delivery was unchanged at $6.4850 a bushel; Mar corn was 2 cents higher at $4.1025 a bushel; Mar oats were unchanged at $3.15 a bushel; while Mar soybeans gained 8 cents at $10.4325 a bushel. Feb live cattle was. 03 cent higher at $1.5585 a pound; Jan feeder cattle was...

  • Government sues to recover costs of sunken vessel Thursday, 18 Dec 2014 | 10:39 AM ET

    ANCHORAGE, Alaska— The federal government is suing the owner of a 117- foot boat that sank in a commercial fishing port in Alaska and was cleaned up at public expense. KTUU-TV reports the government seeks $1.6 million from John Mehelich, who later appeared as a gold dredge captain on the Discovery Channel show "Bering Sea Gold." The 147- ton vessel sank in August 2009...

  • *China allows imports of Syngenta corn MIR 162. BEIJING/ CHICAGO, Dec 18- China has approved the import of a genetically modified corn strain it blocked last year, causing market turmoil, and has given clearance to biotech soybeans that had been waiting years for clearance, in a sign of improving relations with the United States. Agriculture secretary Tom Vilsack...

  • Dec 18- Chinese government approval for imports of a controversial type of Syngenta AG biotech corn increases the likelihood the seed maker will pay settlements to more than 100 U.S. farmers and exporters suing for damages from grain shipments rejected by Beijing, lawyers said. Agriculture Secretary Tom Vilsack, who cited talks with Chinese Vice Premier Wang...

  • CHICAGO, Dec 17- Exports of U.S. agricultural products such as wheat, rice, soybeans and meat products stand to gain from a surprise U.S. move toward repairing relations with Cuba, agriculture industry officials said on Wednesday. President Barack Obama announced on Wednesday that the United States would restore diplomatic relations with Cuba more than 50...

  • *Egypt says confident Russia will honour contracts. MOSCOW, Dec 17- Russia, one of the world's main wheat exporters, is taking steps to restrict grain exports in an attempt to cool domestic prices, as it tackles a financial crisis linked to plunging oil prices and Western sanctions. A Russian grain exporters' lobby-- the National Association of Exporters of...

  • Dec 16- The United States has not received official notification from China of approval for imports of a type of genetically modified corn at the center of lawsuits against seed maker Syngenta AG, a U.S. government spokesperson told Reuters on Tuesday. Syngenta has said it will make an announcement about Chinese government approval when the company receives...

  • Obama withdraws Alaska's Bristol Bay from drilling Tuesday, 16 Dec 2014 | 5:40 PM ET

    The president said in a video announcement that Bristol Bay and nearby waters, covering an area roughly the size of Florida, would be withdrawn from consideration for petroleum leases. He called Bristol Bay one of the country's great natural resources and a massive economic engine. Bristol Bay has supported Native Americans in the Alaska region for centuries,...

  • California's terrifying water deficit Tuesday, 16 Dec 2014 | 5:30 PM ET

    Recent storms have not brought anywhere near enough water for California to recover from drought, according to NASA.

  • WASHINGTON, Dec 16- A White House task force on Tuesday issued proposals to tighten the grip on the illegal global seafood trade, which the group said causes billions of dollars in losses to the legal fishing industry annually. Under the plan, the United States would create a program to trace seafood entering its ports from the source to the shelves, to prevent...