CHICAGO, Ill. (Reuters) — North America’s largest meat packing union has agreed to support Tyson Foods Inc.’s requirement that employees be vaccinated against COVID-19. It also secured paid sick leave for workers in negotiations. The United Food and Commercial Workers union, which represents Tyson plant workers, said the deal is the first national U.S. agreement […] Read more
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Chevron to invest in Bunge crushers
(Reuters) — Chevron plans to invest $600 million in two soybean crushing facilities owned by Bunge Ltd., securing future feedstock for renewable fuels, the two companies said Sept. 2. The investment will result in a 50-50 joint venture. Oil companies in the United States have been building their production of renewable fuels, spurred by federal […] Read more
CN scraps Kansas City Southern bid; paves way for CP
(Reuters) — Canadian National Railway said today it would not proceed with its $29.6 billion offer for Kansas City Southern, citing regulatory hurdles and paving the way for the U.S. railroad to be bought by rival Canadian Pacific Railway. “There have been significant changes to the U.S. regulatory landscape since CN launched its initial proposal […] Read more
Largest U.S. biofuels producer pledges carbon neutrality by 2050
NEW YORK, Sept 15 (Reuters) – POET, the largest biofuels producer in the United States, said on Wednesday it is committed to achieving net-zero carbon emissions at its bioprocessing facilities by 2050, making it the latest company to pledge to reduce its carbon footprint to fight climate change. The Sioux Falls, South Dakota-based company also […] Read more
Canada cuts canola, wheat estimates further due to drought
WINNIPEG, Manitoba, Sept 14 – A drought has damaged Canada’s canola and wheat harvests even more than it appeared weeks ago, according to a Statistics Canada report. Record-hot summer temperatures in Canada’s western crop belt, combined with sparse rain, sharply reduced farm yields of the world’s biggest canola-growing nation. Canada is also a major wheat […] Read more
CME cattle futures drop as fire closes JBS beef plant
CHICAGO, Sept 13 (Reuters) – Chicago Mercantile Exchange cattle futures fell to their lowest prices since June on Monday on concerns that U.S. ranchers could temporarily lose a place to deliver their livestock for slaughter after a fire damaged a JBS USA beef plant. JBS, owned by Brazilian firm JBS SA, halted production at the […] Read more
USDA sees higher sugar demand in U.S., boosts view on imports
NEW YORK, Sept 10 (Reuters) – The U.S. Department of Agriculture (USDA) increased its projection for sugar use in the United States in 2021/22 by 68,000 tonnes to 11.2 million tonnes, and raised its estimates for imports. In its monthly supply and demand report, the USDA said imports are now seen at 2.9 million tonnes […] Read more
Companies focus on carbon
CHICAGO, Ill. (Reuters) — Seed and farm chemical company Corteva Inc. will partner with farm technology and services provider Indigo Ag to broaden its U.S. agricultural carbon credits program for the 2022 season, Corteva announced Aug. 26. The Corteva Carbon Initiative will initially pay farmers around US$15 an acre for shifting to practices that pollute […] Read more
Asian crop importers brace for delays after Hurricane Ida hits U.S. export hub
SINGAPORE, Sept 8 (Reuters) – Asia’s grain and oilseed buyers are set to face shipping delays of at least one month after Hurricane Ida damaged key export terminals around the U.S. Gulf Coast, two traders and one miller said. The slowdown in supplies is likely to stoke food inflation fears for price-sensitive consumers in Asia, […] Read more
India raises wheat purchase price by 2 percent, farmers disappointed
MUMBAI/NEW DELHI, Sept 8 (Reuters) – Indian farmers, who have been protesting for months against three new agricultural laws, said on Wednesday the government’s move to raise state-mandated price for new season wheat is not enough to cover the cost of cultivation. For more than eight months, tens of thousands of farmers have camped on […] Read more
