Reuters — Snack food company B+G Foods said it would buy General Mills’ Green Giant frozen foods and Le Sueur canned vegetables brands for about US$765 million to expand its distribution network and enter the frozen foods market. Growth in the frozen vegetables category has been sluggish in recent years as consumers shift to fresher […] Read more
B+G to buy Green Giant frozen foods business
U.S. grains: Wheat, corn creep higher as investors trim bearish bets
Reuters — Chicago wheat edged higher after touching a five-year low on Friday, and corn also inched up as investors covered short positions in both grains after recent declines. The nearby contract for wheat finished with its fourth straight weekly loss in the face of stiff export competition from northern hemisphere harvests, losing four per […] Read more
Fertilizer markets seen holding relatively steady
CNS Canada –– Prices for nitrogen and potash have weakened over the first half of 2015, but according to an industry analyst, the relationship between fertilizer prices and ag commodity prices is pretty much in line with the 10-year average. “I think we’ve seen some stabilization in fertilizer markets of late, which is promising,” said […] Read more
El Nino seen pushing Argentina into planting more soy, less corn
Buenos Aires | Reuters — The El Nino weather phenomenon is expected to start dumping torrential rains on Argentina next month, pushing farmers to plant more low-cost soy and less corn despite concern over lack of crop rotation in one of the world’s main food suppliers. Argentina, the No. 1 exporter of soymeal livestock feed […] Read more
U.S. grains: Ample stocks, poor exports push wheat to multi-year lows
Chicago | Reuters — U.S. wheat futures sank to multi-year lows on Thursday, weighed down by ample supplies and weak demand for U.S. exports, traders said. A hefty supply base also sparked a sell-off in corn, which hit its lowest level since mid-June, while soybeans sagged on technical selling and rising harvest expectations. The Chicago […] Read more
CBOT weekly outlook: Corn, soybeans bearish on economic woes
CNS Canada — CBOT (Chicago Board of Trade) corn and soybean futures have abandoned fundamental trading in favour of moving alongside macro-markets, which for the most part are bearish. “It’s not all doom and gloom, but it sure isn’t pretty right now,” said Scott Capinegro, president at Barrington Commodity Brokers. Outside influencers have been prevalent […] Read more
U.S. grains: Hard wheat hits eight-year low on plentiful supplies
Chicago | Reuters — U.S. wheat futures sank on Wednesday, weighed down by signs of abundant supplies and dim prospects for U.S. exports, traders said. The front-month K.C. hard red winter wheat contract shed 2.5 per cent and hit its lowest in more than eight years, while the most actively traded Chicago Board of Trade […] Read more
U.S. grains: Corn, soy futures drop on Chinese manufacturing woes
Chicago | Reuters — Chicago Board of Trade (CBOT) corn and soybean futures fell sharply on Tuesday on concerns that commodity purchases from China will slow as that country’s economy softens, traders said. Wheat futures edged higher despite worries about the viability of U.S. exports as investment funds covered short positions following a decline to […] Read more
Chipotle sued over GMO-free menu claims
Reuters — Chipotle Mexican Grill’s new GMO-free menu claims have lured diners and boosted the burrito chain’s stock price, but it has some consumers crying foul. A California woman has accused the popular chain in a lawsuit of false advertising after it trumpeted on April 27 that it was the first national restaurant company to […] Read more
Syngenta may seek partners, j.v. after product review
Zurich | Reuters — Syngenta may seek partners to help improve its product lineup after a thorough review in the wake of a rebuffed takeover approach from Monsanto, the agrichemicals group’s chairman told a Swiss newspaper. Syngenta’s board is under pressure from shareholders to show how it plans to generate value after turning its back […] Read more
Cyber-Savvy Farmer
