Smithfield Foods said on Wednesday it will pay $83 million to settle litigation that accused several companies of conspiring to limit supply in the U.S. pork market to inflate prices and their own profits.
A U.S. federal judge on Wednesday temporarily blocked a part of the Biden administration’s federal stimulus relief package that forgave agricultural debts to farmers of color.
Greek-yogurt maker Chobani is going public and could be valued at more than $10 billion in its initial public offering (IPO), as the company confidentially filed regulatory paperwork for its stock market listing.
China will strengthen price controls on iron ore, copper, corn and other major commodities in its 14th five-year plan for 2021 to 2025 to address abnormal fluctuations in prices, the state planner said on Tuesday.
A U.S. judge rejected Bayer’s $2 billion class action proposal to resolve future lawsuits alleging its Roundup weedkiller causes cancer, saying in a Wednesday order that parts of the plan were “clearly unreasonable.”
Brazil’s worst water crisis in almost a century will impact river navigation and make transportation of goods more expensive in the world’s largest exporter of commodities ranging from soybeans to coffee and sugar.
The U.S. Agriculture Department said on Friday it will start erasing an estimated $4 billion dollars in debt to minority farmers in June, as it seeks to address racial discrimination.
A Mexican federal judge ruled against a request by the National Farm Council to freeze a government plan to ban genetically modified (GMO) corn and the widely used herbicide glyphosate by 2024.
Futures on the federal funds rate on Wednesday raised bets that the U.S. Federal Reserve will tighten monetary policy in early 2023 after Fed projections showed at least two rate increases that year.
U.S. farmers are poised to expand plantings of sorghum by nearly 20% this year, a far larger percentage than soy or corn acres, as sorghum is particularly appealing this year since it’s more resistant to drought.
