Agriculture News Results

  • Market bottom or 'very tough times ahead'? Here's what one chart watcher is keeping his eye on

    Commodities index' will go miles and miles' toward telling us if we are headed for tough times, says Kimble. Investors say there's no one chart that will signal when the stock-market bottom is in. But technical analyst Chris Kimble argued Friday that an important tell could be offered by a commodity index that is testing a support level that has held for the past 40 years.

  • Corn prices fall back to 2016 levels as COVID-19 lockdowns cut ethanol demand

    Corn prices could drop to their lowest levels in more than a decade as weakness in demand for gasoline pushes the cost of ethanol toward record lows, with much of the nation restricted from traveling in an attempt to slow the spread of the coronavirus pandemic. The decline in gasoline demand especially in the U.S. deeply "affects the king of the ag markets--corn," says Sal Gilbertie, president and chief investment officer at Teucrium Trading. U.S. motor gasoline demand was at roughly...

  • Luckin Coffee shares plummet 75% after financial misconduct investigation launched

    Luckin Coffee (LK), a major Starbucks (SBUX) competitor in China, was downgraded at KeyBanc. Luckin Coffee Inc. (LK), the up-and-coming Chinese coffee purveyor, saw shares plummet 75.6% in Thursday trading after it formed a special committee of three independent directors to investigate "misconduct, including fabricating certain transactions" that spanned the second through fourth quarters of 2019 and involved RMB2.2 billion. Jian Liu, chief operating officer at Luckin Coffee (LK) and a...

  • Luckin Coffee shares sink 81% after special committee investigates 'misconduct,' suspends chief operating officer

    Luckin Coffee Inc. (LK) shares sank 81% in Thursday trading after it formed a special committee of three independent directors to investigate "misconduct, including fabricating certain transactions" that spanned the second through fourth quarters of 2019 and involves RMB2.2 billion. Jian Liu, chief operating officer at Luckin Coffee (LK) and a director of the company, has been suspended along with other staff implicated in the misconduct. And the company has suspended or terminated...

  • Corn futures eye lowest finish since 2016 as USDA forecasts rise in plantings

    Corn futures may settle Tuesday at their lowest since 2016 after the U.S. Department of Agriculture estimated U.S. corn planted area for 2020 at 97 million acres, up 8% from last year. The market was looking for smaller planted acreage, with average estimates at 94.328 million acres, according to Daniels Trading.

  • Hockey season may be on hold, but you can still drink a hockey-themed wine

    Veteran NHL players teamed up to create a California label. The bottles: Vineyard 36 wines, various prices. The back story: With the coronavirus pandemic putting nearly all sporting events on hold, fans are looking for an alternative.

  • Here are the 'dirty dozen' fruit and vegetables laced with legal pesticides -- even organics have traces

    Raisins are surprise offenders this year with neurotoxic insecticide chlorpyrifos, which some research has shown can harm the nervous system in children. Nearly 70% of the fresh produce sold in the U.S. contains residues of legal though potentially harmful chemical pesticides even in small amounts, and a popular snack for children is another big offender. Among the top choices to limit exposure to pesticides?

  • Want to know the best diet for your body?DNA tests may soon tell you -- down to the variety of lettuce you should be eating

    Your DNA knows what you should be eating and drinking for better health. People are pouring their blood, spit and tears into finding the best diet for their bodies. April Summerford, a women's health coach in Fresno, Calif., has spent thousands of dollars over the past several years taking at-home DNA tests, reading her hormone levels and analyzing the bacteria in her gut to create the perfect diet for her particular body.

  • One possible coronavirus side effect -- cheaper almonds for U.S. shoppers

    China is the No. 2 buyer of American almonds, but with ports closed, inventory could pile up. The spread of the novel coronavirus across China has slowed shipments into Chinese ports-- and that could soon make products like almond milk cheaper for U.S. consumers, experts told MarketWatch. As the second-biggest buyer of California almonds, China purchased more than 100 million pounds last year.

  • Agricultural commodities may get a post-coronavirus boost

    Coronavirus news emerged just as phase one of the U.S.-China trade deal was signed. The coronavirus epidemic in China has raised concerns over a slowdown in the global economy, but agricultural commodities such as wheat, corn, and cattle are unlikely to suffer, and may get a boost when coronavirus worries ease analysts say. "There will be no real demand destruction in agriculture from the coronavirus," says Sal Gilbertie, president and chief investment officer at Teucrium Trading.

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