Workers at Cargill's beef-processing plant in High River, Alberta, one of Canada's largest, voted in favor of the company's latest contract offer on Saturday, averting a strike. The plant processes up to 4,500 head of cattle per day, or 35% of Canada's beef-processing capacity. Workers voted 71% to accept Cargill's offer, according to a union statement.
* Wheat lower on fears of Omicron impact. * Soybeans rise, corn up on support from crude oil prices. By P.J. Huffstutter. Chicago wheat futures slid once again on Friday, after a volatile week in which prices plunged on investor fears about the economic impact of the Omicron variant of COVID-19, traders said.
India has revoked a patent for a potato variety grown exclusively for PepsiCo Inc's (PEP) popular Lay's potato chips, according to an order issued on Friday by the Protection of Plant Varieties and Farmers' Rights Authority.
As wildfires covered California's wine country skies in smoke in 2020, Nicolas Quille feared the worst for his grapes. He remembered how the smoke gave his wine "ashtray" aromas after the 2017 fires so he rushed to harvest his merlot and malbec grapes at Pine Ridge Vineyards in Napa County.
China published draft rules on Friday outlining registration requirements for herbicides used on genetically modified crops, in another sign that Beijing is gearing up to allow greater use of GM technology in agriculture.
U.S. wheat futures held steady on Friday but were on track for their biggest weekly drop in nearly three months on expectation of ample global supplies. FUNDAMENTALS. * The most-active wheat futures on the Chicago Board Of Trade were down nearly 3% for the week, the biggest weekly fall since Sept. 10. * Wheat was up 0.2% by 0238 GMT, adding to Thursday's 3.1% jump.
Brazil's economy contracted slightly in the three months to September, government data showed on Thursday, as surging inflation and a severe drought triggered a recession in Latin America's largest economy. The 0.1% decline in Brazil's gross domestic product in the third quarter, reported by official statistics agency IBGE, was below a median forecast for zero growth in a Reuters poll.
Honduran coffee exports had more than doubled in November to reach 151,512 60-kg bags, compared with the year-ago period, data from national coffee institute IHCAFE showed on Wednesday. November shipments were up 173%, largely due to higher supply and stronger demand, according to IHCAFE.
Russia has decided to allow imports from two additional plants owned by Brazilian beef processor Minerva SA, the company told Reuters on Wednesday. Russia had placed significant restrictions on Brazilian beef and pork producers starting in 2017 over allegations they used the feed additive ractopamine.
- Workers at Cargill Inc's beef-processing plant in High River, Alberta, one of Canada's largest, will vote on a new company offer backed by union negotiators, just days before a potential strike, the company said on Wednesday. The plant processes up to 4,500 head of cattle per day, or 35% of Canada's beef-processing capacity.
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