WINNIPEG (Reuters) — Canadian National Railway Co., the country’s biggest railroad, this week will reach the minimum weekly grain volume ordered by the government, Chief Executive Claude Mongeau said on Wednesday. Mongeau, speaking to reporters after addressing a business audience in Winnipeg, said the company will move 500,000 tonnes of grain this week as required […] Read more
Stories by Reuters News Service
Brazil says won’t halt pig imports after virus
SAO PAULO (Reuters) — Brazil will not ban pig imports after the outbreak of a deadly virus in the United States but will intensify tests and quarantine requirements on live pigs arriving from abroad, the agriculture ministry said on Wednesday. The country’s pork industry had asked the government to stop all imports from the United […] Read more
U.S. bill seeks to block mandatory GMO food labelling
(Reuters) — A Republican congressman from Kansas introduced legislation on Wednesday that would nullify efforts in multiple states to require labelling of genetically modified foods. The bill, dubbed the “Safe and Accurate Food Labeling Act” was drafted by U.S. Rep. Mike Pompeo from Kansas, and is aimed at overriding bills in roughly two dozen states […] Read more
U.S. corn, soy, cotton stocks to tighten, USDA says
(Updated with quotes, prices) By Ros Krasny WASHINGTON, April 9 (Reuters) – Projected U.S. corn and soybean ending stocks for 2013-14 continues to shrink, providing little buffer against any problems with this year’s crops, the U.S. Agricultural Department said Wednesday. Other highlights of the monthly report were a one-million-tonne cut to Brazil’s soybean crop, increases […] Read more
Japan, U.S. make progress in trade talks; key gaps remain
TOKYO (Reuters) — Japanese and U.S. trade officials made progress on Wednesday in negotiations meant to spur a broad Pacific trade pact and prepare for a visit by President Barack Obama, but they remain apart on some major issues, both sides said. “We made some progress, but we still have gaps between us,” U.S. Trade […] Read more
Farm Credit head sees soft landing for U.S. farmland values
WASHINGTON (Reuters) — U.S. farmland values, which have been under pressure the last six months from falling grain prices, are likely to stabilize, according to the head of the largest U.S. farm lender. “Based on what I’ve been reading I think it will be a soft adjustment and very manageable at least in the foreseeable […] Read more
Cold spell could delay planting in U.S. Midwest next week
CHICAGO (Reuters) — Above-normal temperatures are forecast for the U.S. Midwest for the rest of this week but a cold spell next week will produce widespread frost, slowing the start of spring planting, a meteorologist said Wednesday. “We are going to see temperatures dropping below freezing across the central United States,” said Kyle Tapley with […] Read more
China still evaluating rejected gene-modified strain of corn
BEIJING (Reuters) — China has still not approved a gene-modified strain of corn known as MIR162, the government said on Friday, prolonging a ban that has seen nearly one million tonnes of the U.S. grain turned away from Chinese ports since November. Asked if its biosafety panel had made a final decision, the agriculture ministry […] Read more
CME trading outage sends business back to the pits
By Julie Ingwersen and Tom Polansek CHICAGO, April 8 (Reuters) – The world’s largest futures markets operator had to shut electronic trade for leading agricultural contracts on Tuesday, just a day before key U.S. crop data, as rare technical problems hit and sent traders scrambling to get back on the floor. CME Group, which has […] Read more
CME hogs fall on slower pork demand; Live cattle firm on strong cash
By Karl Plume CHICAGO, April 8 (Reuters) – Chicago Mercantile Exchange lean hog futures tumbled on Tuesday on slowing demand for pork, in a session disrupted by technical problems that halted trading on the exchange’s Globex electronic platform near the close. Before Globex was restored nearly an hour later, brokers were forced to execute orders […] Read more
