Iran is negotiating a wheat import deal with Russia that would allow it to increase flour exports to neighbouring Iraq, the secretary general of the Iran Federation of Food Industry Associations told Reuters on Saturday.
U.S. grain merchant Archer Daniels Midland Co has settled a lawsuit with Syngenta over the seed company's launch of a biotech corn strain that roiled grain exports to China, according to regulatory documents filed on Friday.
U.S. grain merchant Archer
Daniels Midland Co has settled a lawsuit with Syngenta
over the seed company's launch of a biotech corn strain that
roiled grain exports to China, according to regulatory documents
filed on Friday.
An Arkansas judge on Friday
dismissed a Monsanto Co lawsuit aiming to stop Arkansas
from blocking the use of a controversial farm chemical the
company makes, dealing a blow to its attempts to increase sales
of genetically engineered seeds.
Chicago Mercantile Exchange live
cattle futures climbed to fresh three-month highs on
Friday as firming beef packer bids at U.S. Plains feedlot
markets fueled expectations of higher cash cattle sales this
Tighter supplies of market-ready cattle on feedlot showlists
this week helped to support the cash market. Trading later
developed near the futures market close.
"The market rallied all week anticipating higher cash
trade," said Midwest Market Solutions President Brian Hoops.
"Feedlots really had a bullish mentality with the smaller
cattle numbers and the fact that packers were short-bought so
they priced the showlists accordingly," he said.
Feedlot cattle traded in Kansas and Texas at $129 to $130
per cwt, up from $125 to mostly $126 a week earlier, according
to trade sources.
Several weeks of harsh winter weather in the Plains had
slowed cattle weight gains, which limited slaughter-ready
supplies for packers.
Those cattle, however, will ultimately reach market weight
in the coming weeks. That, traders said, weighed on deferred
CME February live cattle ended up 0.825 cent per
pound at 130.100 cents. Actively traded April gained
0.400 cent to 127.650 cents and June rose 0.075 cent to
Feeder cattle futures closed narrowly mixed, with prices
anchored by cash market headwinds as demand for feeders is
March feeders were down 0.100 cent per pound at
149.725 cents while April futures rose 0.100 cent to
CME lean hog futures declined on technical selling and
pressure from easing cash market prices.
Cash hogs in the closely followed Iowa and southern
Minnesota market dropped by 41 cents per cwt on Friday.
Actively traded CME April lean hogs settled 1.575
cents per pound lower at a 4-1/2 month low of 68.150 cents after
failing at midweek to break above chart resistance at their
200-day moving average. May futures were 0.975 cent
lower at 74.925 cents.
(Reporting by Karl Plume
Editing by Matthew Lewis)
* MONSANTO - SPECIAL AWARDS WERE PAID IN CASH ON FEB 13, IN
OF $2.5 MILLION FOR CHAIRMAN & CEO AND $250,000 FOR OTHER NAMED
Source text: (http://bit.ly/2C7d81Q)
Further company coverage:
Brazil's state-controlled oil
company Petróleo Brasileiro SA on Friday said it has
sold all remaining shares it owned at sugar and ethanol group
São Martinho SA for 444 million reais ($137 million),
according to a securities filing.
U.S. agricultural merchants are scrambling to register themselves as cooperatives after a blunder in the country's new tax law gave farmers a tax break for selling grains to co-ops rather than private firms.
The amount of soy and corn
moved through Brazil's new port terminals in the country's north
reached 51.2 million tonnes in 2017, 80 percent more than a year
earlier, as traders increase shipments through the terminals
that are closer to export destinations.