Reuters — There is a 90 per cent chance of the El Nino weather pattern emerging during the Northern Hemisphere winter of 2018-19, a U.S. government weather forecaster said on Thursday. “The official forecast favours the formation of a weak El Nino,” the National Weather Service’s Climate Prediction Center (CPC) said in a monthly forecast. […] Read more
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U.S. forecaster sees 90 per cent chance of El Nino in winter
U.S. House approves farm bill without tighter food stamps criteria
Washington | Reuters — The U.S. House of Representatives passed the farm bill on Wednesday, capping months of acrimonious debate to finalize the legislation funding the nation’s US$867 billion food and agriculture programs. The bill, which passed by a vote of 369 to 47, will be submitted to President Donald Trump for his signature into […] Read more
Bunge CEO Schroder to step down amid investor pressure
Reuters — Bunge CEO Soren Schroder is stepping down after five years at the helm of the global agribusiness, following months of pressure from shareholders to shake up the company amid a prolonged grain market slump. The management change is the latest event to rattle the two-century-old commodities trader after a stretch of particularly weak […] Read more
Bunge reportedly ready to replace CEO
Reuters — Bunge Ltd. is preparing to replace its CEO Soren Schroder as the global grains trader faces investor pressure, the Wall Street Journal reported on Friday, citing sources. The company is expected to announce the CEO’s departure in the coming days, the report said, citing people familiar with the matter. The grains trader was […] Read more
U.S. investigators question shareholders of Brazil’s JBS
Brasilia | Reuters –– U.S. investigators this week visited Brazil to question shareholders of J+F Investimentos, the holding company that controls meatpacker JBS SA, as part of an existing plea deal, Brazilian prosecutors said on Friday in a statement. U.S. authorities have been investigating the companies controlled by J+F since their largest shareholders — brothers […] Read more
Bunge names Syngenta CEO to board under deal with activist investors
Chicago | Reuters — Bunge Ltd. appointed the CEO of agrichemicals company Syngenta to its board on Wednesday as part of an agreement with activist investors D.E. Shaw and Continental Grain Co. The global grains trader named J. Erik Fyrwald as a director, as it navigates low crop prices and the trade war that has […] Read more
USDA says nearly $840 million in aid paid to farmers to date
Farmers are complaining that the compensation falls short of their losses
Washington | Reuters – The United States Department of Agriculture has paid out nearly US$840 million to farmers to date as part of a promised $12 billion aid program rolled out by President Donald Trump last July to offset losses from the imposition of tariffs on American exports. A total of $837.8 million to date […] Read more
U.S. EPA lifts 2019 biofuels mandate
Washington | Reuters — The U.S. Environmental Protection Agency on Friday lifted its annual blending mandate for advanced biofuels, drawing praise from the U.S. biofuels industry, but disappointment that the government had not done more to protect the agricultural market. Under the U.S. Renewable Fuel Standard, oil refiners must blend increasing amounts of biofuels into […] Read more
U.S. government report says climate change will batter economy
Reuters — Climate change will cost the U.S. economy hundreds of billions of dollars by the end of the century, hitting everything from health to infrastructure, according to a government report issued on Friday that the White House called inaccurate. The congressionally mandated report, written with the help of more than a dozen U.S. government […] Read more
Abstain from romaine: Canada, U.S. warn on E. coli in lettuce
Reuters — Public health officials in the U.S. and Canada on Tuesday warned against eating romaine lettuce while they investigate an outbreak of E. coli that has sickened 50 people in the two countries, including 13 who were hospitalized. The alerts, issued as millions of Americans plan their Thanksgiving Day menus, covered all forms of […] Read more
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