Reuters – Monsanto Co reported weaker-than-expected quarterly earnings on Thursday and said low crop prices hurting farmers’ incomes would limit the company’s ability to profit from sales of its genetically engineered seeds and agricultural chemicals. The outlook makes the world’s biggest seed company the latest agribusiness to detail ongoing pressures from large crop inventories that […] Read more
Monsanto profit misses estimates as farmers face squeeze
Cargill profit falls as grain glut limits trading
Chicago | Reuters – Cargill Inc reported a 6 percent drop in quarterly profits on Wednesday as a global glut of grains limited trading opportunities for the food-commodities merchant. Four years of bumper grain and oilseeds harvests have squeezed profits for Cargill and main rivals Archer Daniels Midland Co, Bunge Ltd and Louis Dreyfus Corp […] Read more
Wendy’s to reduce antibiotic use in beef supply
Chicago | Reuters — Hamburger chain Wendy’s Co. laid out plans on Friday to trim the use of antibiotics that are important to human medicine from its beef supply, the latest step by a food company to fight concerns about resistance to the drugs in people. Starting in 2018, the company will buy about 15 […] Read more
Minnesota joins U.S. states limiting dicamba
Chicago | Reuters — Minnesota became the latest U.S. state on Tuesday to restrict controversial weed killers made by Monsanto and BASF that were linked to widespread crop damage, while Arkansas took a step back from imposing new limits. The U.S. has faced an agricultural crisis this year caused by new versions of the herbicides, […] Read more
Bunge widens exec takeover payout scheme after Glencore approach
Chicago | Reuters –– Grain merchant Bunge Ltd. has sweetened compensation packages for top executives in the case of a takeover, according to the company’s regulatory filings, around six months after rebuffing an approach by commodity trading giant Glencore. Bunge and its rivals have seen profits fall as several years of oversupply in global grains […] Read more
Monsanto halts U.S. seed treatment launch after complaints of rashes
Chicago | Reuters — Monsanto put on hold the launch of a seed treatment on Wednesday, following reports it causes rashes on people, in the latest instance of complaints about a company product that was approved by U.S. environmental regulators. Monsanto froze plans for commercial sales of the product called NemaStrike, which can protect corn, […] Read more
Monsanto, BASF herbicides strain states with damage complaints
Chicago | Reuters — U.S. farmers have overwhelmed state governments with thousands of complaints about crop damage linked to new versions of herbicides, threatening future sales by manufacturers Monsanto and BASF. Monsanto is banking on herbicides using dicamba — and seeds engineered to resist it — to dominate soybean production in the U.S., the world’s […] Read more
McDonald’s sets new welfare standards for chicken suppliers
Chicago | Reuters — McDonald’s Corp. will require suppliers to improve the living conditions and slaughter process for chickens raised to be served in its restaurants, the company said on Friday, the latest changes affecting popular menu items such as McNuggets. Under new guidelines for animal welfare, suppliers such as Tyson Foods and Cargill must […] Read more
CME plans no more changes to cattle contract for now
Chicago | Reuters — CME Group plans no further moves to reduce volatility in its cattle futures market, after making a series of changes to rein in wild price swings that drove away hedgers, a managing director said on Wednesday. Over the past two years, the exchange operator, which owns the Chicago Mercantile Exchange and […] Read more
Several U.S. scientists to skip Monsanto’s dicamba summit
Chicago | Reuters — Monsanto invited dozens of weed scientists to a summit this week to win backing for a controversial herbicide but many have declined, threatening the company’s efforts to convince regulators the product is safe to use. Monsanto faces a barrage of lawsuits over its dicamba herbicide and risks of tighter restrictions on […] Read more
Canadian Cattlemen Presents: Depth of Field
