Pacific sea surface temperature anomalies for the week centred on June 3. (CPC.ncep.noaa.gov)

Warming Pacific waters seen fuelling lengthy El Nino

Sydney | Reuters –– Pacific Ocean temperatures continue to warm, supporting El Nino weather conditions for the rest of 2015, Australia’s Bureau of Meteorology said Tuesday. An El Nino can have devastating consequences for agriculture globally, causing heavy rains and floods in South America and scorching weather in Asia and as far away as east […] Read more



(Syngenta.com)

Monsanto sweetens Syngenta play with $2B break fee

New York | Reuters –– U.S. seed and ag chem firm Monsanto has offered to pay a US$2 billion reverse break-up fee to Syngenta if it can’t obtain global regulatory approvals for an acquisition, it said in a statement on Sunday. The move, under which Monsanto would pay the fee if regulators reject the proposal, […] Read more

(CMEGroup.com)

CME bars grain traders for years over wash trades, spoofing

Chicago | Reuters –– CME Group said Friday it barred a grain trader from its markets for three years for executing noncompetitive transactions and suspended another for two years for market manipulation. The traders, Aleksey Vsemirnov and Stephen Duggan, could not immediately be reached for comment. Vsemirnov executed numerous non-competitive transactions in wheat, oats, rice, […] Read more






(Richard Bain photo courtesy National Renewable Energy Laboratory (U.S.) and ARS/USDA)

Cuba produces best sugar harvest in 11 years

Havana | Reuters — Cuba’s sugar harvest grew 18 per cent this year to 1.9 million tonnes, the most for the beleaguered industry in 11 years and the best performance since the state sugar company Azcuba was founded in 2011, official media said on Friday. The Communist Party daily Granma said the harvest, which began […] Read more