Commodities Traders Face Trial Over Bribery Charges

BRUSSELS/REUTERS The court case has begun against a subsidiary of the world s largest diversified commodities trader after it was charged with corruption for providing lavish gifts to an EU official in exchange for information. The case against the Glencore subsidiary and other companies follows a seven-year investigation into whether an official with the European

Big U.S. Wheat, Corn Stocks Send Prices Tumbling Anew

washington/reuters U.S. corn and wheat stocks were much larger than expected at the end of the summer, providing a larger buffer against this year s reduced harvest and driving some grain prices to their lowest levels this year. In a sign that near-record grain prices curbed demand far more than analysts had anticipated, inventories of



Food-Versus-Fuel Debate Rages Anew

Ethanol appears almost certain to win the food-versus- fuel contest in the United States. But not just yet. The Agriculture Department forecast that a tad more corn will be used to make ethanol than to feed livestock this year may be a false milestone: ethanol makers say they won’t use that much corn while producing


U.S. Must Lead Fight Against Hunger — Bill Gates

Billionaire Bill Gates knows how to end the poverty and hunger that afflicts nearly one billion people worldwide – help them grow more food. At a food security conference May 24, Gates called for U.S. leadership in a global campaign to expand food production. Agriculture ministers of the Group of 20 major developing and emerging

Tight Year-End Stocks Forecast

Canada’s Agriculture Department slashed its production forecast for wheat, but raised its canola outlook July 5, while warning that overall crop stocks will drop to a record low this summer. Agriculture Canada cut its harvest estimate for all wheat to 24 million tonnes from June’s forecast of 25.5 million tonnes. Canola production rises to a



Will Producers Still Be Viable In An Open Market?

Short-line railway companies are asking the federal government what impact the end of the Canadian Wheat Board’s (CWB) single desk will have on the viability of producer cars, producer car-loading facilities and ultimately short-line railways. Agriculture Minister Gerry Ritz says farmers will still have access to producer cars, but CWB chair Allen Oberg predicts it


Texas Drought Reduces Cattle Herds, Water Supplies

Texas cattle ranchers are selling their herds, and some communities are running out of water, as a punishing drought in the state shows no sign of waning with the driest months still ahead. “Things are very tough and they will stay tough until Mother Nature helps us and gets us a good rain,” says Pete

Special Aid For Flooded Farmers

The Manitoba government is promising “comprehensive” compensation to crop farmers and livestock producers whose livelihoods are threatened by the unprecedented Assiniboine River flooding this spring. “I do want to indicate we are developing through our Department of Agriculture a comprehensive plan for the many impacted areas throughout the province whether it be in the Shoal