By Theopolis Waters CHICAGO, Jan 13 (Reuters) – Chicago Mercantile Exchange live cattle futures settled narrowly mixed on Monday as funds sold, or rolled, the February contract and mainly bought the April month, traders said. That shift by CME live cattle and hog fund investors was made in conjunction with the monthly process known as […] Read more
Stories by Reuters News Service
U.S. food makers to seek single federal standard for GMO labeling
Jan 13 (Reuters) – The Grocery Manufacturers Association, which represents more than 300 food companies, is preparing a petition to the chief U.S. food safety regulator and a push in Congress to require changes in oversight and labeling of new genetically modified foods, an association leader said Monday. The double-pronged strategy, which the group expects […] Read more
Monsanto critics denied U.S. Supreme Court hearing on seed patents
WASHINGTON, Jan 13 (Reuters) – The U.S. Supreme Court on Monday upheld Monsanto Co’s biotech seed patents, dealing a blow to a group attempting to ward off lawsuits by the company against farmers. The group, made up of 73 organic and conventional family farmers, seed companies and public advocacy interests, sued Monsanto in March 2011 […] Read more
Death toll from new China bird flu rises – WHO
LONDON, Jan 13 (Reuters) – Six more people in China have been confirmed as infected with the new H7N9 strain of bird flu and one of them has died, the World Health Organisation (WHO) said on Monday. Three of the other five patients are in either a serious or a critical condition in hospital, while […] Read more
Argentina raises 2013/14 wheat cop forecast to 9.2 million tonnes
BUENOS AIRES, Jan 13 (Reuters) – Argentina’s 2013/14 wheat crop should come in at 9.2 million tonnes, up from a previous forecast of 9.0 million tonnes, the Agriculture Ministry said on Monday. The improved outlook comes as Argentine exporters are awaiting the government’s green light to ship 1.6 million tonnes of 2013/2014 wheat that has […] Read more
Agrichemical companies sue to block anti-GMO law in Hawaii
LIHUE, Hawaii, Jan 11 (Reuters) – Three of the world’s largest agrichemical companies have filed a lawsuit in Hawaii to try to block a new law enacted on the island of Kauai that tries to limit the planting of biotech crops and the use of pesticides. DuPont, Syngenta and Agrigenetics Inc., a company affiliated with […] Read more
Live cattle up as cash beef prices set new highs, corn price rise weakens feeders
By Theopolis Waters CHICAGO, Jan 10 (Reuters) – Chicago Mercantile Exchange live cattle futures gained moderately on Friday, and posted advances for a fifth straight week, as cash and wholesale beef prices again set new highs, traders said. On Friday, cash cattle in the U.S. Plains traded at $139 to $140 per hundredweight, topping last […] Read more
USDA catches market off-guard with cut to corn stocks: Updated
WASHINGTON, Jan 10 (Reuters) – U.S. corn stocks were below expectations in December and 2013/14 carryout will be smaller than expected, the U.S. Department of Agriculture said on Friday, causing corn futures prices to jump as much as 5 percent. The USDA forecast 1.631 billion bushels of corn will remain on hand when the new […] Read more
CBOT corn rallies after USDA cuts crop size, stocks; wheat falls
CHICAGO, Jan 10 (Reuters) – Corn futures on the Chicago Board of Trade turned higher on Friday after the U.S. Department of Agriculture surprised the market by lowering its estimate of U.S. 2013 corn yield and production, while wheat tumbled, traders said. USDA also lowered its forecast of U.S. 2013-14 corn ending stocks below trade […] Read more
U.S. corn dips, faces biggest weekly loss in two months
SINGAPORE/PARIS, Jan 10 (Reuters) – U.S. corn futures eased to trade near a three-year low on Friday, with the market poised for its biggest weekly loss in more than two months on expectations the U.S. government will increase its production forecast Soybeans edged higher, on track for first weekly gain in three weeks with Chinese […] Read more
