New York | Reuters –– Following a damaging El Nino weather period, a U.S. government weather forecaster on Thursday said the La Nina weather phenomenon is favoured to develop during […] Read more
La Nina seen likely to build in August-to-October period
Egypt prosecutor says some local wheat bought on paper only
Cairo | Reuters –– Egypt’s general prosecutor said on Thursday some local wheat was bought by the government in paper transactions only and not physically delivered, the first public statement […] Read more
Mosaic idles Saskatchewan potash mine
Reuters — Fertilizer producer Mosaic Co. has idled production at its Colonsay, Sask. potash mine for the rest of 2016, and temporarily laid off 330 workers, the company said in […] Read more
Monsanto reported exploring BASF ag unit buy
Reuters — Seed company Monsanto, which rejected Bayer’s buyout offer in May, is exploring various transactions, including the acquisition of BASF’s agriculture-solutions unit, news service Bloomberg reported. In return, BASF […] Read more
Egypt to follow global standard for ergot starting Tuesday
Cairo | Reuters — Egypt will allow up to 0.05 per cent ergot, a common grains fungus, in wheat shipments beginning on Tuesday, confirming the end of a months-long standoff […] Read more
Cargill to sell two Texas feedlots
Reuters — Cargill, a top U.S. meat processor, said Friday it will sell two Texas beef cattle feedlots to Amarillo-based Friona Industries pending final agreements and regulatory reviews. Under the […] Read more
U.S. livestock: Cattle advance on cash market optimism
Chicago | Reuters — U.S. live cattle futures rebounded from early-session weakness on Tuesday to close higher for the fifth time in six trading sessions on expectations for firm cash […] Read more
Monsanto, Microsoft to invest in ag technology in Brazil
Sao Paulo | Reuters — U.S. biotech company Monsanto and U.S. software and tech firm Microsoft announced on Monday a partnership to invest in agricultural technology startups in Brazil. Monsanto […] Read more
Food commodity prices seen stable over next decade
Paris | Reuters –– Higher agricultural productivity and slightly larger crop areas in the coming decade will cover rises in food demand, leading to stable prices and a period of […] Read more
Egypt’s parliament to look into wheat fraud allegations
Cairo | Reuters — Egypt’s parliament has set up a fact-finding commission that will look into allegations of corruption in local wheat procurement. Egypt, the world’s largest wheat importer, this […] Read more