Corn Rises as Midwest Remains Frigid. Corn for May delivery rose 2.5% to $6.06 1/ 2 a bushel, on the Chicago Board of Trade Tuesday, as frigid temperatures stress crops in the Midwest and elsewhere globally. Soybeans for May delivery rose 1.5% to $14.72 a bushel.
Meatpacker JBS USA Hires New Chief Legal Officer. Beef and pork giant JBS USA Holdings Inc. has hired a former U.S. antitrust enforcer as its new chief legal officer, as the U.S. meat industry faces antitrust scrutiny. Kevin Arquit, who previously served as the general counsel at the Federal Trade Commission and director of the FTC's Bureau of Competition, will join the Greeley, Colo.-based meatpacker on May 3, the company said.
PepsiCo Inc. (PEP) is putting its weight behind so-called regenerative farming in a bid to cut greenhouse gas emissions in its supply chain, a challenge that more food-and-beverage companies have recently been taking up. The Purchase, N.Y.-based company said Tuesday that it plans to spread regenerative farming--a nascent concept broadly aimed at achieving sustainable agriculture--across 7 million acres of land, roughly equal to its entire agricultural footprint.
JBS Gains After It Says Will Buy Plant-Based Meat Producer-- Market Talk. 1222 ET- Shares of JBS SA, the world's biggest meat packer, rise after the Brazilian company says it agreed to buy Vivera, Europe's third-biggest plant-based food producer, for an enterprise value of 341 million euros, the equivalent of $410 M. JBS shares were up 4.6% in early afternoon trading, while the benchmark Bovespa stocks index was up 0.3%. The Brazilian company already offers some plant-based meat...
Soybeans Higher on Unfazed Demand. Soybeans for May delivery rose 1.2% to $14.49 3/ 4 a bushel on the Chicago Board of Trade Monday, with near-record highs in prices failing to derail strong demand for exports. Corn for May delivery rose 1.1% to $5.92 a bushel.
For the week ended Apr 18, in percent. NOTE: Averages for are based on the number of planted acres, not the number of states. NO CONDITION REPORTED: PROGRESS:-- Planted-- 04/ 18 04/ 11 2020 Avg Ark 12 5 7 14 Ill 5 2 1 Ind 4 2 1 Iowa 1 0 0 Ks 0 0 0 Ky 4 8 2 La 10 7 23 23 Mich 1 0 0 Minn 0 0 0 Miss 15 8 19 25 Mo 1 0 0 Nebr 0 0 0 NC 2 1 0 ND 0 0 0 Ohio 5 1 0 0 SD 0 0 0 Tenn 2 2 1 Wis 0 0 0 18- state avg 3 2 2.
For the week ended Apr 18, in percent. NOTE: Averages for are based on the number of planted acres, not the number of states. NO CONDITION REPORTED: PROGRESS:-- Planted-- 04/ 18 04/ 11 2020 Avg Idaho 46 26 52 39 Minn 10 7 1 8 Mont 15 6 3 12 ND 13 8 0 5 SD 46 30 9 26 Wash 71 50 75 45 6- state avg 19 11 7 12.
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