Reading Time: 2 minutes Tyson Foods and Cargill have agreed to pay a combined $87.5 million (C$122.1 million) to settle a federal lawsuit brought by consumers who accused the companies of conspiring to inflate U.S. beef prices by restricting supply.
Tyson, Cargill to pay $88 million to consumers in U.S. beef price-fixing lawsuit
Trump bailout for trade-hit U.S. farmers expected this week
Reading Time: 2 minutes The Trump administration is expected to announce a plan as soon as Tuesday to bail out U.S. farmers stung by trade disputes and big harvests, with the initial outlay potentially totaling up to $15 billion (C$20.9 billion), according to sources familiar with the matter.
Bangladesh approves U.S. wheat imports, hoping to ease trade tensions
Reading Time: 2 minutes Bangladesh has approved the purchase of about 220,000 metric tons of U.S. wheat under a government-to-government deal aimed at easing trade tensions with Washington after import tariffs were imposed.
U.S. grains: Soybean ease on harvest pressure, competition from Brazil
Reading Time: 2 minutes U.S. soybean futures eased on Monday on active harvesting across the Midwest farm belt and brisk early planting as well as exports in rival supplier Brazil, and as top importer China continues to shun U.S. supplies.
Russia’s top agriculture official blames low global grain prices for export slowdown
Reading Time: 2 minutes Low global prices for grains, Russia’s main agricultural commodity, have caused a sharp fall in exports in recent months.
U.S. grains: Soybeans fall as rapid harvest overshadows China trade hopes
Reading Time: 2 minutes U.S. soybean futures closed lower on Friday as pressure from a fast-advancing U.S. harvest offset early-session support from hopes that upcoming U.S.-China talks could revive stalled soybean trade.
Corteva to split seeds, pesticide units into separate listed companies
Reading Time: 2 minutes Corteva said on Wednesday it would separate its seed and pesticide businesses into separate listed companies, as the agrichemicals firm seeks to sharpen its strategic focus.
World food prices dip as falls in sugar and dairy offset new high for meat
Reading Time: 2 minutes Global food commodity prices dipped in September as declines in sugar and dairy offset a new peak for meat prices, the United Nations’ Food and Agriculture Organization said on Friday.
U.S. livestock: CME cattle fall on profit-taking
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange cattle futures fell on profit-taking on Thursday, though hopes for the border reopening to Mexican cattle imports have also put a damper on prices. On Tuesday, the U.S. Food and Drug Administration announced it had approved Dectomax-CA1, an injectable anti-parasitic medication, to prevent and treat screwworm in cattle. […] Read more
U.S. grains: Soybeans rebound as market weighs China prospects
Reading Time: 2 minutes Chicago soybean futures ticked higher on Thursday, continuing the previous day’s rebound as the market assessed chances for a resumption in Chinese demand following comments by U.S. President Donald Trump.
A message from April Stewart, Country Guide's Associate Editor
