Global demand has been stable even as shrinking supplies have pushed prices to multiyear highs, but recent shortfalls in some U.S. exports are an example of how U.S. products are priced out of the market when costs soar.
President Biden planned to meet with chief executives of major retailers and companies to discuss how to move goods to shelves as the U.S. holiday shopping season begins in the shadow of the Omicron coronavirus variant.
Tyson Foods Inc beat quarterly profit estimates on Monday and forecast fiscal 2022 revenue above market expectations on rising meat prices and improving demand from restaurants that reopened after COVID-19 restrictions.
Democrats set aside divisions between progressives and centrists to pass a $1 trillion package of highway, broadband and other infrastructure improvement, sending it on to President Joe Biden to sign into law.
Ford Motor will require most of its 32,000-strong U.S. salaried workforce to be vaccinated by Dec. 8. The second largest U.S. automaker said on Wednesday more than 84% of U.S. salaried employees already are vaccinated.
U.S. chicken company Sanderson Farms Inc said on Monday that a slaughterhouse worker was infected with the new coronavirus, the first publicly confirmed positive test of a worker in a U.S. meat plant.
CNH Industrial has entered into a licensing agreement for electrification technologies with Monarch Tractor, a U.S. company focused on fully-electric autonomous tractors.
Chinese buyers booked their single biggest-ever purchase of U.S. corn, extending their flurry of large U.S. purchases even as tensions between Washington and Beijing rise.
