Cargill suing Syngenta over sale of GM corn banned by China — September 12, 2014

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Chicago | Reuters — Cargill, the top U.S. grain exporter, sued a unit of Syngenta in a Louisiana state court on Friday for damages stemming from China’s rejection of genetically modified U.S. corn, which Cargill said cost the company more than US$90 million. Minnesota-based Cargill accuses Syngenta of exposing the grain trader to losses by […]


Rogers Sugar plans layoffs at Montreal refinery — September 12, 2014

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As a cost-cutting measure in a “very competitive” domestic sugar market, Rogers Sugar plans to cut back its Montreal refinery’s workforce by 59 employees. The Montreal plant, run by Rogers subsidiary Lantic, will cut the positions through “layoffs, early retirements and voluntary departures,” the company said Wednesday. Canada’s sugar industry operates in an open market, […]


U.S. grains: Wheat to four-year lows on rising world supplies — September 12, 2014

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Chicago | Reuters — U.S. wheat futures fell to a four-year low on Friday and posted their biggest weekly loss since July on weak export prospects and rising global supplies, traders said. Corn futures followed wheat lower but held above the previous day’s multiyear lows, and soybeans firmed, underpinned by short covering ahead of forecasts […]


U.S. livestock: Lower cash, beef prices drop CME live cattle — September 12, 2014

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Chicago | Reuters – Chicago Mercantile Exchange live cattle futures posted losses for a second straight day on Friday, weighed down by lower prices for slaughter-ready or cash cattle and pork at wholesale, traders said. Futures finished off session lows helped by their discounts to this week’s cash cattle returns and sentiment that the recent […]


Massive claims force EU to halt Russian fruit ban aid — September 11, 2014

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Brussels | Reuters — The European Union halted an aid plan for fruit and vegetable growers hit by a Russian import ban after Polish farmers claimed far more compensation than EU officials reckon the entire bloc exports to Russia in a year. An EU official said none of the 125 million euros (US$162 million) set […]


Bigger feed wheat supplies to stay put for now — September 11, 2014

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CNS Canada – Adverse weather conditions over the past month, including snow in Alberta and untimely rains in many other regions of the Prairies, are expected to lead to quality downgrades in Canada’s wheat crop. While a greater percentage of the wheat in the country will likely go to feed than normal, Canada is unlikely […]


U.S. livestock: CME live cattle slump on cash price outlook — September 11, 2014

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures retreated on Thursday after investors pocketed profits in anticipation of steady or lower cash prices, traders said. October live cattle ended at 157.375 cents per pound, 2.325 lower, and December fell 2.4 cents to 159.7 (all figures US$). Futures slid after packers in Texas and […]



India notifies WTO of $56B farm support in 2010-11 — September 11, 2014

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Geneva | Reuters — India spent US$56.1 billion on support for farmers in 2010-11, it said in a World Trade Organization filing on Wednesday, a document that will be pored over for evidence that it breached agreed limits on agricultural subsidies. The U.S. and other WTO members have strongly criticized India for being almost a […]


U.S. lawmakers fault rail sector for slow service, profits — September 11, 2014

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Washington | Reuters – U.S. rail operators must put investment ahead of profits to clear the way for grain, automotive and chemical shipments now clogging the tracks, lawmakers said at a congressional hearing Wednesday about the health of the rail grid. Rail backups in the U.S. Midwest are particularly acute, with farmers expected to harvest […]