The meteorological agencies of the United States, Japan and Australia have all upped their forecasts for the strength and duration of the El Nino effect, which is caused by rising sea-surface temperatures in the Pacific Ocean. El Nino brings drier conditions to Southeast Asia, India and Australia, and a severe event can hurt output of agricultural commodities,...» Read More
*Corn drops 2.1 percent to six-week low. CHICAGO, March 17- U.S. soybean futures sagged 1.5 percent to their lowest in almost five months on Tuesday, with export demand for U.S. supplies fading amid the expanding harvest in Argentina and Brazil, traders said. Corn and wheat futures also notched sharp declines.
*Corn prices ease on slowing demand for U.S. exports. CHICAGO, March 17- U.S. corn and soybean futures sank to six-week lows on Tuesday as export demand for U.S. supplies wilted amid an expanding South American harvest and plentiful world stocks, traders said. At 11:42 a.m. CDT Chicago Board of Trade May corn futures fell 8 cents to $3.71 a bushel.
HANOI, March 3- Vietnam has reduced the floor price for exports of 25- percent broken rice by nearly 3 percent to $350 a tonne, with domestic prices easing as harvesting peaks amid thin demand, an industry body said. The floor was $360 a tonne as of Jan. 12, but the market price has fallen far below that on growing supplies and low demand, touching a 4-1/ 2- year low of $320-...
Jane Wells does a taste test of a smoothie with rice protein made by Axiom Foods. With her is CEO David Janow.
Americans are increasingly looking to add more protein to their diets, and rice protein is seen as an attractive alternative. Jane Wells speaks to the CEO of Axiom, the largest producer of plant-based proteins in the U.S.
Yen weakness is driving up the cost of Japan's food imports, but analysts say pinched pocketbooks won't slow consumers' taste for meals from overseas.
The ongoing drought in California is cutting back the state's rice crop. It's gotten so bad, one rice farmer said they might have to sell the land.
In two weeks, Girl Scouts will descend upon supermarkets and businesses to peddle boxes of cookies, tempting people with a new gluten-free cookie.
The FDA said, after testing 1,300 samples of rice and rice products, that the amount of detectable arsenic is too low to cause immediate or short-term negative health effects.
Thailand is set to sell half-a-million tons of rice on world markets at a loss, as it scrambles to offload a record stockpile deteriorating in quality in warehouses filled with grain.
Record high prices of corn and soybean brought on by the worst U.S. drought in 56 years may be triggering a sense of de ja vu for Asia concerned about a repeat of the food scare in 2008, but most economists are downplaying those fears, for now.
With commodities enjoying a robust start to 2012, some traders are concerned that crude oil and other hard assets are ripe for a fall.
In spite of the Thai government's warning that the world's largest exporter of rice could lose as much as a quarter of its crop because of the floods, analysts tell CNBC the potential shortfall is unlikely to impact prices.
Much like housing years ago, food has become something bigger than itself. It's about far more than sustenance. It's about commodities trading, global trade, energy, biotechnology and government policy. Our special report, "Food Economics, explores all of those dimensions.