Latest News From Reuters

Chicago soybean futures jumped more than 1% on Monday to their highest since June on concerns over supplies from South America and strong demand from China.

Nutrien Ltd, the world's biggest potash miner, could boost production by up to 29% in coming years, depending on any sanctions facing rival producers

Agribusiness consultancies AgRural and AgResource on Monday trimmed their forecasts for Brazil's 2021/22 soybean crop due to bad weather, estimating the expected output below the 130 million-tonne threshold.

The U.S. Commerce Department is expected to soon release details from a study of semiconductor chips it conducted last year amid a push to win funding to boost U.S. manufacturing from Congress.

The United States and the European Union have downgraded their dispute at the WTO over steel and aluminum tariffs applied by former U.S. President Donald Trump in 2018 and subsequent EU retaliation.

The U.S. Army Corps of Engineers will use $732 million in federal infrastructure funding to modernize a lock and dam on the Upper Mississippi River crucial for shipping grain and soybeans to export markets.

Archer Daniels Midland Company said on Tuesday it had signed a letter of intent with Wolf Carbon Solutions to build a pipeline that would capture and transport carbon.

Deforestation last year rose to the highest level since 2015 in Brazil's Cerrado, prompting scientists on Monday to raise alarm over the state of one of the world's most species-rich savanna.

Trade volume slipped between July-September due to supply chain disruptions, shortages of production inputs and rising COVID-19 cases, the WTO said in a statement on its website.

President Biden planned to meet with chief executives of major retailers and companies to discuss how to move goods to shelves as the U.S. holiday shopping season begins in the shadow of the Omicron coronavirus variant.

U.S. tractor maker Deere & Co agreed on a new six-year contract with the United Auto Workers (UAW) union that would be subject to a vote by the company's striking workers, the company said in a statement on Saturday.

Thousands of Deere & Co workers began a strike on Thursday, the United Auto Workers (UAW) said, days after overwhelmingly rejecting a six-year labor contract that was agreed on with the tractor maker.

China said on Saturday it pressed the United States to eliminate tariffs in talks between the countries' top trade officials that Washington saw as a test of bilateral engagement between the world's biggest economies.

McDonald's Corp on Monday set a new target to cut global greenhouse gas emissions to net zero by 2050, from the beef in its burgers to the light bulbs in its restaurants.

Crystal Valley Cooperative said it was targeted in a ransomware attack in recent days, making it the second Midwestern farm-services provider in a week to be forced to take systems offline due to cybersecurity incidents.

As the supply chain snarled, prices spiked. Prior to Hurricane Ida, a New Orleans barge of urea to ship in September to destinations across the U.S., Canada traded at $450 a ton. After, the price jumped to $552 a ton.

Iowa-based farm services provider NEW Cooperative Inc said on Monday its systems were offline to contain a "cybersecurity" incident that it did not specify but later said it had contained.

Global commodities trader Cargill Inc is launching a carbon farming program for the 2022 season that will pay growers for production practices that lower emissions and capture more climate-warming carbon in soils.

General Motors will reduce production at most North American assembly plants this month because of the ongoing semiconductor chip shortage, hitting its profitable truck and sport utility vehicles, it said on Thursday.

Grain shippers on the Gulf Coast reported more damage from Hurricane Ida to their terminals on Wednesday as Cargill confirmed damage to a second facility, power outages across southern Louisiana kept others shuttered.

South Louisiana braces for a month without electricity and reliable water service in the wake of Hurricane Ida, one of the most powerful storms ever to hit the U.S. Gulf Coast, as people faced suffocating heat, humidity.

Dryness over the next six months in Argentina is expected to reduce the size of the country's two main cash crops, corn and soy, while complicating navigation of grain cargo ships on the Parana River, analysts said.

Corteva Inc has launched a new genetically modified soybean seed in Brazil following approval of the product in the European Union, a move likely to fuel competition on the local biotech seeds market.

The EPA is expected to recommend to the White House lowering the nation's biofuel blending mandates below 2020 levels, in what would be a blow to the biofuels industry, two sources familiar with the matter said Friday.

Deere & Co beat Wall Street estimates for Q3 revenue on Friday and lifted its forecast on strong demand for farm and construction equipment. Revenue in equipment operations rose 32.5%, total revenue jumped 29.2%.

EPA is banning the use on food crops of the pesticide chlorpyrifos. The decision is a victory for environmental activists who have fought to stop the use of the chemical that is applied to row and produce crops. 

Just as American steakhouses are recovering from the first wave of COVID shutdowns, the Delta variant threatens to diminish the appetite for a sector seen as a barometer for full U.S. economic recovery.

Solar could supply more than 40% of the nation's electricity by 2035 if Congress adopts policies like tax credits for renewable energy projects and component factories, according to a memo by the Department of Energy.

Bayer filed a petition with the U.S. Supreme Court to reverse an appeals court verdict that upheld damages to a customer blaming his cancer on the Bayer's glyphosate-based weedkillers.

President Biden will sign an executive order on Thursday aimed at making half of all new vehicles sold in 2030 zero-emissions vehicles and will propose new vehicle-emission rules to cut pollution through 2026.

General Motors Co on Tuesday said its three North American full-size pickup truck assembly plants would be shut down next week due to the global semiconductor chip shortage.

China's government quietly issued new procurement guidelines in May that require up to 100% local content on hundreds of items, and in turn, violated the spirit of the January 2020 Phase One trade deal with the U.S.

The dollar lurched lower on Monday, back towards the one-month lows hit last week when it became clear the Fed was in no hurry to tighten policy.

ADM reported an almost 52% rise in second-quarter profit on Tuesday, as strong crop export demand and oilseed crushing margins boosted the U.S. grains merchant's core agricultural services business.

An unprecedented heat wave and drought in the Pacific Northwest is damaging white wheat coveted by Asian buyers and forcing fruit farm workers to harvest in the night to salvage crops and avoid deadly heat.

President Biden will order U.S. transportation agencies to address competition in rail and sea shipping in an effort to lower the costs of shipping goods for companies, a source told Reuters on Thursday.

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.

U.S. President Joe Biden wants the Federal Trade Commission to limit the ability of farm equipment manufacturers to restrict tractor owners from using independent repair shops or complete some repairs on their own.

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.

ICE cotton futures rose to their highest in nearly a week on Tuesday, propelled by fears of damage to the natural fiber crop in the delta region due to heavy rains.

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.

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.

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.

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."

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 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.

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.

Ford's newly revealed electric version of the F-150 pickup doubles down on a bet that the company can beat Tesla, convincing long-time fleet and business customers that going electric saves money.

EPA's biofuel blending mandates for 2021 and 2022 are likely to be in line with those of 2020 as the agency accounts for weaker fuel demand since the onset of the pandemic, three sources familiar with the matter said.