Tyson Foods Inc (TSN) is shipping meat to China and has additional orders on the books as a fatal pig disease has created a pork shortage there, the company said on Thursday as it reported lower-than-expected quarterly sales. Shares fell 3% and hit their lowest in more than three months as Tyson also said it would eliminate 500 jobs as part of a restructuring.
Israel and the Palestinian Authority have opened a new front in their decades-long conflict by getting locked in a trade dispute - and farmers on both sides of the border are paying the price. Palestinian Mowafak Hashim, who farms fruit and vegetables in sun-baked Jericho in the occupied West Bank, says he supports moves by the Palestinian Authority to end imports of Israeli agricultural products.
Malaysian Prime Minister Mahathir Mohamad has dialed back his criticism of India after it sparked a boycott of Malaysian palm oil, his chosen successor Anwar Ibrahim told Reuters on Thursday, urging New Delhi to note the change in tone.
Canadian Pacific Railway Ltd (CP): * Canadian Pacific Railway Ltd (CP) - MOVED 2.09 MILLION METRIC TONNES OF CANADIAN GRAIN AND GRAIN PRODUCTS IN JAN. 2020 Source text for Eikon: Further company coverage:
* Soybeans gain more ground as global stock markets rise. * Concerns that coronavirus may curb China soy purchases. By Nigel Hunt. Chicago soybean futures rose for a third consecutive session on Wednesday as the market continued to recover from a two-month low reached earlier this week while corn and wheat were also higher, buoyed partly by gains in global stock markets.
Returning to his fields for the first time in 14 years, Palestinian farmer Naser Abu Isaeed surveyed the toll taken by conflict on formerly productive soil. "I saw an empty area full of holes and dry weeds," said Abu Isaeed, who once grew fruit on the tracts along Gaza's volatile border with Israel.
U.S. soybean futures rose for a third straight session, although gains were checked amid fears that the coronavirus outbreak in China will limit demand from the world's largest importer. FUNDAMENTALS. * The most-active soybean futures on the Chicago Board of Trade rose 0.4% to $8.82-3/4 a bushel by 0154 GMT, having firmed 0.3% on Tuesday.
Chinese authorities on Tuesday ordered local governments to ensure disruptions to the transportation of animal feed and livestock are kept to a minimum during the coronavirus outbreak. Local authorities should not intercept transports of young animals, livestock, feed or animal products, and the closure of slaughterhouses was forbidden, the Ministry of Agriculture said on its website.
Swiss grain trader Solaris Commodities said on Monday it had appointed Pedro Nonay as its commodities director with a focus on developing the company's strategy in trading in physical grain and securities for Russian and foreign grain.
In a speech last month to farmers in Texas, President Donald Trump won applause as he talked up recent U.S. trade agreements. Iowa swung sharply to Trump's Republicans in the 2016 presidential election, but Democrats hope anger over a relaxation of rules mandating use of ethanol by U.S. refineries could put the corn-producing state in the win column this year.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
