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(Staff photo)

Taking aim at food waste, companies plan simplified expiration labels

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New York | Thomson Reuters Foundation — Some of the world’s largest consumer goods companies, including Kellogg and Wal-Mart, said on Wednesday they will simplify food expiration labels in an effort to eliminate confusion that contributes to food waste. Standardized labeling will use a single expiration date on perishable items and a single quality indicator […] Read more
(FIle photo by Allan Dawson)
Crops, Markets

U.S. grains: Corn falls one per cent as harvest looms

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Chicago | Reuters — Chicago corn futures fell nearly one per cent on Tuesday on chart-based selling as the harvest of a large U.S. crop loomed, traders said. Soybeans followed the weak trend, declining in the absence of fresh supportive news, and wheat closed mixed, with front-month December fractionally lower. “The biggest thing is, there […] Read more
(Bayer.com)
Crops

Bayer says needs more time for Monsanto deal approval

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Monheim, Germany | Reuters — German drugs and pesticides group Bayer said Tuesday it was now likely to be early next year before it can complete its US$66 billion deal to acquire U.S. group Monsanto, later than previously expected. The European Commission has been scrutinizing the proposed takeover with a deadline of Jan. 8 but […] Read more
(Dave Bedard photo)
Crops, Machinery

Storms worsen summer slump in U.S. diesel supply

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New York | Reuters — U.S. diesel stockpiles did something this year that has never happened in the summer before: They shrank. And that was even before Hurricane Harvey landed, knocking out a quarter of U.S. refining capacity, crippling production of fuel products. Thanks to surprising summer demand, particularly from exports, inventories of diesel, jet […] Read more
Ripe soybeans near Morden, Man. on Sept. 14, 2017. (Allan Dawson photo)
Crops, Markets

U.S. grains: Soybeans ease but notch fourth weekly gain

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Chicago | Reuters –– U.S. soybean futures fell on Friday on profit-taking but the benchmark Chicago Board of Trade November contract still recorded a fourth straight weekly advance, supported by firm cash markets and export demand. CBOT wheat rose on short-covering and worries about dry conditions in Australia while corn closed modestly higher in rangebound […] Read more
(Video screengrab from CBSA-asfc.gc.ca)
Markets

U.S. wants NAFTA five-year sunset provision

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Washington | Reuters — U.S. Commerce Secretary Wilbur Ross said Thursday that the United States was seeking to add a five-year sunset provision to the North American Free Trade Agreement to provide a regular, “systematic re-examination” of the trade pact. Ross told a forum hosted by Politico that both he and U.S. Trade Representative Robert […] Read more
(Scott Bauer photo courtesy ARS/USDA)
Crops, Markets

U.S. grains: Soy hits one-month top on export demand

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Chicago | Reuters — U.S. soybean futures set a one-month high on Thursday on robust export demand coupled with short covering and strength in cash markets, traders said. Corn followed the firm trend, drawing additional support from strength in other commodities, including crude oil. The 19-market Thomson Reuters CoreCommodity Index was up 0.2 per cent […] Read more

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