Cargill May Use Some Proceeds From Mosaic Stake Sale to Expand
Cargill Inc., the largest closely held company in the U.S., said it may use some of the proceeds from the sale of a majority stake in fertilizer maker Mosaic Co. to fund an expansion that may include further acquisitions.
Cattle Rise on Speculation Beef Demand Will Gain; Hogs Decline
Cattle futures rose as the Federal Reserve expanded steps to revive the faltering U.S. economy, bolstering prospects for beef demand. Hog prices declined.
Soybeans Slump to Lowest Price Since March as U.S. Crop Improves
Soybean futures fell to the lowest price since March on speculation that rain and cooler Midwest weather will boost the yield potential of the crop in the U.S., the biggest producer and exporter.
Corn Climbs as Midwest Heat Wave Reduces U.S. Yield Potential
Corn futures rose for the second time in three sessions after the U.S. said crop conditions deteriorated following a July heat wave, signaling tightening supplies in 2012.
Orange-Juice Futures Post Biggest Five-Day Slump in 12 Years
Orange juice fell, capping the biggest five-session slump in 12 years, on mounting speculation that supplies will outpace demand in the U.S. Cotton declined.
Wheat Gains as Livestock-Feed Demand May Rise on Low Corn Supply
Wheat futures gained for the first time in a week on speculation that livestock producers may demand more of the grain for a feed alternative as the condition of the U.S. corn crop worsens under a Midwest heat wave.
Raw Sugar Falls on Concern Demand May Ease; Cocoa, Coffee Drop
Raw sugar fell to a five-week low on concern that commodity demand will ease because of a global slowdown and as worldwide supplies increase. Cocoa and coffee also declined.
Colombian, Indonesian Coffee Crops May Be Smaller, ICO Says (1)
Coffee output in Colombia and in Indonesia may be smaller in the 2010-11 season than initially estimated after rainfall hurt crops, according to the London-based International Coffee Organization.