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food Articles
The world’s largest producer of pork, Smithfield Foods Inc. (NYSE: SFD) said today that it would begin importing corn from Brazil to use as feed for the company’s livestock. This is an unusual...
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Fertilizer maker Potash Corp. of Saskatchewan Inc. (NYSE: POT) is expected to report earnings on Thursday, and post earnings per share (EPS) of $1.02 on revenue of $2.37 billion. A year ago the...
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The weather forecast for US corn growers is little cooler and wetter today, especially toward the end of the week. A forecast for up to one inch of rain in some parts of the Midwest sent corn futures...
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The drought in the Southwest and Plains States has not gotten any better. Based on weather reports, it probably will get worse. The byproducts of the drought have worsened in the past few days....
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The worst U.S. drought in more than half a century has pushed the prices of soybeans and corn to record highs. Although the American economy has been largely free of inflation, the costs of these two...
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By now you know about the drought engulfing U.S. farmers throughout much of the United States. While Texas has been getting the rain it missed in all of 2011, the drought is full-on throughout much...
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The worst drought in 56 years now threatens crops in a vast swath of the U.S. midsection, running from Indiana to the Sierras. The seasonal outlook through September shows about 70% of the country...
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Lack of rainfall in the US Midwest has pushed corn futures to a 10-month high, even though some rain is forecast for this week. Hot weather is expected to continue, and the amount of rainfall...
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The US Department of Agriculture released its weekly drought monitor today, noting that rainfall in some parts of the US last week did almost nothing to alleviate the hardest-hit areas: [O]nly a few...
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The US Department of Agriculture today lowered its estimate of the US corn crop by 20 bushels/acre, from 166 to 146. The cut comes as hot, dry weather continues to plague the nation’s corn-growing...
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For the third consecutive month, food prices in June declined, down -1.8% to their lowest level since September 2010. Prices peaked in February 2011 and have declined by more than 15% since then....
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It’s raining in Chicago today, and traders at the CBOT are behaving like it’s raining everywhere that corn is growing.From a high of well over $6.50/bushel on Wednesday, corn prices have...
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Analysts at Dutch-based Rabobank have predicted that US corn prices could rise another 25% by the end of the year on lower yields due to hot, dry weather. That would raise prices to around...
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Ethanol producer Pacific Ethanol Inc. (NASDAQ: PEIX) is watching investors crush the company’s stock following this morning’s announcement of a secondary offering of 28 million units at a price...
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The projected US corn crop is currently in worse condition than it’s been in since 2002, which were then the worst since 1990. Only 56% of this year’s crop was judged to be in “good” or...
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