Reading Time: 2 minutes Conagra Brands on Thursday joined rival General Mills in trimming its annual profit forecast and warning that price cuts on its products across grocery, snacks and frozen food items to spark demand will weigh on margins.
Reuters
Conagra trims profit forecast as higher inflation, promotions to dent margins
UN peacekeepers guard Congolese farmers working their fields
Reading Time: 2 minutes Under a scorching sun in Democratic Republic of Congo, many of the farmers tending to their fields in the troubled eastern region are guarded by United Nations peacekeepers.
U.S. livestock: Cattle futures tip down on profit-taking
Reading Time: < 1 minute Chicago Mercantile Exchange (CME) cattle contracts slid on Wednesday as profit-taking, a stronger dollar and a selloff across agricultural commodities weighed on futures, analysts said.
U.S. grains: Soybeans plummet to four-year low on Brazil crop outlook
Reading Time: < 1 minute Chicago soybean futures fell to a four-year low on Wednesday, pressured by bumper crop prospects in Brazil and a slide in soyoil prices after a proposed U.S. government spending bill failed to include support for biodiesel, traders said.
U.S. confirms first severe human case of bird flu
Reading Time: 2 minutes The U.S. Centers for Disease Control and Prevention said on Wednesday that a patient has been hospitalized with a severe case of H5N1 infection in Louisiana, marking the first known instance of a severe human illness linked to the bird flu virus in the United States.
General Mills cuts profit outlook as promotions rise to win back consumers
Reading Time: 2 minutes General Mills slashed its annual profit forecast on Wednesday as the Cheerios cereal maker ramped up investments in promotions to attract cost-conscious consumers, sending shares down about three per cent in early trading.
China to promote modernization of farms in pledge to stabilize grain output
Reading Time: 2 minutes China will accelerate the pace of agricultural and rural modernization and stabilize grain planting area in its quest to ensure stable and high production of grains, state media reported on Wednesday, citing an annual rural policy meeting.
US funding bill includes plan to allow year-round sales of higher ethanol blend fuel
Reading Time: 2 minutes A U.S. government funding bill released on Tuesday included a plan that would allow year-round sales of gasoline with a higher ethanol blend, a major win for the corn and ethanol lobbies.
U.S. livestock: CME feeder cattle up on expectations of tight supply
Reading Time: 2 minutes Chicago Mercantile Exchange (CME) feeder cattle futures rose on Tuesday as market players anticipated a constricted supply of cattle and awaited a monthly cattle supply report later in the week, traders said.
U.S. grains: Soybeans hit contract lows on strong South American harvest
Reading Time: 2 minutes Chicago soybean futures sank to life-of-contract lows on Tuesday as favorable crop conditions in Brazil and weak Chinese demand for U.S. soybeans hung over the market, traders said.