Tyson Foods: High gasoline prices threaten beef demand

washington / reuters / U.S. consumers may try to save money by eating less meat if they continue to feel the pinch of high gasoline prices, the chief executive of Tyson Foods said Feb. 24. “People want meat… but it’s getting pretty expensive,” CEO Donnie Smith told reporters at an agricultural conference in Washington, D.C.

Chinese sign record-large U.S. soy purchase agreement

A Chinese trade delegation signed deals Feb. 17 to buy a record amount of U.S. soybeans during a visit to the United States at a time when a harsh drought has slashed crops in rival soy exporters in South America. The delegation inked agreements for 13.4 million tonnes valued at $6.7 billion, the U.S. Soybean


Glass is still half full for flush American farmers

Brian Roach scrawled a simple outlook for corn prices in a spiral notebook, with a line diving from the upper left hand corner to the lower right. Sitting in a hotel ballroom at the U.S. Department of Agriculture’s annual Agricultural Outlook Forum last week, the commodity broker predicted increasing supplies and weakening demand would slow



Brazil planning giant Amazon soybean port

rio de janeiro / reuters / Brazilian port authorities are planning a new grains port in the Amazon region, a terminal designed to become the country’s largest soybean export centre and to slash transportation costs for farmers, the Folha de S. Paulo newspaper reported Feb. 18. The proposed 18-million-tonne-a-year Port of Outeiro would be built



USDA favours corn with 2012 crop insurance price guarantees

Chicago / Reuters / Crop insurance price guarantees for 2012 should encourage U.S. farmers to plant corn over soybeans, according to analysts. The U.S. Department of Agriculture set the guarantees, which act as the floor price for crop insurance policies, at $5.68 per bushel for corn and $12.55 a bushel for soybeans across most of