LOS ANGELES/KANSAS CITY, Oct 25 (Reuters) – Heavy
advertising spending by Monsanto Co and others opposed
to a California ballot proposal to require labels on grocery
products containing genetically modified organisms is paying
off, according to a new poll that shows the measure has slipped
into a virtual tie.
Forty-four percent of California voters now support the
measure, while 42 percent oppose it and 13 percent are
undecided, according to the latest USC Dornsife/Los Angeles
Times Poll released on Thursday.
Oct 25 (Reuters) – Many areas of the drought-stricken United
States continued to see improvement over the last week as steady
rains started recharging parched soils, but for key agricultural
areas of the U.S. Heartland, there was little relief, according
to a climatology report issued Thursday.
“We’ve seen some improvement … but the impact of the
drought and the dryness is far from over,” said Brian Fuchs, a
climatologist at the National Drought Mitigation Center at the
University of Nebraska-Lincoln.
By Carey Gillam
(Reuters) – Drought retreated across many areas of the United States over the last week as storm systems pushed through parched areas, bringing coast-to-coast relief from record-breaking dry conditions.
Roughly 62.39 percent of the contiguous United States was experiencing at least “moderate” drought as of October 16, down from 63.55 percent a week earlier, according to Thursday’s Drought Monitor, a weekly compilation of data gathered by federal and academic scientists.
CHICAGO/KANSAS CITY, Missouri (Reuters) – CME Group Inc (CME.O: Quote, Profile, Research, Stock Buzz) on Wednesday agreed to buy the Kansas City Board of Trade for $126 million in cash, cementing CME’s dominance in world grain futures markets and keeping rival IntercontinentalExchange (ICE.N: Quote, Profile, Research, Stock Buzz) from gaining an important foothold.
It is CME’s first exchange purchase in five years since it wrapped up a buying spree that put the Chicago Mercantile Exchange, the Chicago Board of Trade and the energy-focused New York Mercantile Exchange all under its control.
Oct 17 (Reuters) – More investment is needed to increase
food production in Africa and Asia as rising demand and scarce
resources leave millions of people vulnerable to hunger, a
corporate-backed report said on Wednesday.
Only 13 percent of Sub-Saharan Africa’s total food demand in
2050 would be met without more investment in such things as
technology and infrastructure, according to the Global Harvest
Initiative public policy advocacy group in Washington. East Asia
would be able to satisfy 74 percent of total food demand by
2050, the group’s third annual report said.
By Carey Gillam
(Reuters) – With California set to vote in November on labeling of food made from genetically modified crops, pressure is mounting on the federal government to tighten regulation of these crops and the foods they become.
The “Right to Know” measure on California’s ballot November 6 would require labeling of any food sold in the state containing ingredients made from genetically modified crops (GMOs). If the measure passes, it would be the first such U.S. labeling law, and so far polls have shown strong support for the measure.
By Carey Gillam
(Reuters) – Drought conditions in the United States grew even worse over the last week as historic drought conditions crept north and threatened new winter wheat planting in several states.
September was the driest in 118 years of U.S. record keeping for North Dakota, South Dakota and Montana and was the third-driest September for Nebraska and Oregon, said Mark Svoboda, a climatologist with the University of Nebraska’s National Drought Mitigation Center.
Oct 3 (Reuters) – Monsanto Co posted a bigger
quarterly loss for a typically weak quarter on Wednesday, and
the global agribusiness group offered a conservative outlook for
its new fiscal year.
Shares of Monsanto, the world’s largest seed company and a
developer of genetically engineered corn, soybeans, and other
crops, fell more than 1 percent after it did not raise its
fiscal 2013 earnings forecast.
By Carey Gillam
(Reuters) – Global agribusiness group Monsanto Co (MON.N: Quote, Profile, Research, Stock Buzz) posted a fourth-quarter loss on Wednesday, as expected, amid a seasonally sluggish sales period, and offered a conservative outlook for the new year.
Shares slumped 3.1 percent to $88.13 in premarket trade after Monsanto disappointed analysts with its fiscal 2013 earnings forecast ranging from $4.18 to $4.32 per share. Analysts were looking for a high end of $4.38 a share for the new year.
Oct 3 (Reuters) – Global agribusiness group Monsanto Co
posted a fourth-quarter loss on Wednesday, as expected,
amid a seasonally sluggish sales period, and offered a
conservative outlook for the new year.
Shares slumped 3.1 percent to $88.13 in premarket trade
after Monsanto disappointed analysts with its fiscal 2013
earnings forecast ranging from $4.18 to $4.32 per share.
Analysts were looking for a high end of $4.38 a share for the