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.
By Julie Ingwersen. U.S. corn futures climbed to their highest in nearly eight years on Tuesday and soybean futures neared a seven-year high as tightening supplies supported cash markets and attracted speculative buying, analysts said. Worries about dry conditions curbing corn yields in Brazil and cold weather slowing germination of the 2021 U.S. crop added support.
Investors expect the new chief executive of Canada's Nutrien Ltd (NTR) to swing deals as part of a more aggressive growth strategy, after an abrupt shake-up at Canada's biggest agriculture company.
For 35-year-old Nour al-Sabah Mohammed and her crew of bakers, business is brisk during the holy month of Ramadan. The women travel by train to Cairo to sell their home-baked bread, piled high on metal trays, as well as eggs, vegetables, and cheese, produced by neighbours in a farming village near the city of Beni Suef, about 150 kilometres to the south.
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.
When Kenyan farmer Waki Munyalo's crop of lentils shrank by three quarters last year because of unusually low rainfall, disaster was averted thanks to a simple remedy that was previously unavailable to most African farmers - insurance.
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...
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