GFM Network News

Markets soar as USDA slashes soy, corn stocks

(Reuters) –– America’s stockpiles of corn and soybeans will be drawn down to uncomfortably thin levels this year, according to a government report Wednesday that sent grain prices soaring and added to concerns over surging world food prices. Dwindling stocks in the world’s biggest food exporter — depleted by strong ethanol demand and a sharp

USDA Issues Draft Plan Allowing GM Sugar Beets

The U.S. Depar tment of Agriculture issued a draft proposal on Nov. 2 to again allow farmers to grow Monsanto’s genetically modified sugar beets, which are fiercely opposed by environmentalists. A U.S. district court in California has ruled that the sugar beets cannot be produced until the USDA issues a full environmental impact study, which