Deere & Co beat Wall Street estimates for Q3 revenue on Friday and lifted its forecast on strong demand for farm and construction equipment. Revenue in equipment operations rose 32.5%, total revenue jumped 29.2%.
EPA is banning the use on food crops of the pesticide chlorpyrifos. The decision is a victory for environmental activists who have fought to stop the use of the chemical that is applied to row and produce crops.
Just as American steakhouses are recovering from the first wave of COVID shutdowns, the Delta variant threatens to diminish the appetite for a sector seen as a barometer for full U.S. economic recovery.
Solar could supply more than 40% of the nation’s electricity by 2035 if Congress adopts policies like tax credits for renewable energy projects and component factories, according to a memo by the Department of Energy.
Bayer filed a petition with the U.S. Supreme Court to reverse an appeals court verdict that upheld damages to a customer blaming his cancer on the Bayer’s glyphosate-based weedkillers.
U.S. oil major Exxon Mobil Corp, along with Chevron Corp, is seeking to bulk up in the burgeoning renewable fuels space by finding ways to make such products at existing facilities, Reuters sources said.
A once-a-century drought has lowered the water level of Argentina’s main grains transport river, reducing farm exports and boosting logistics costs in a trend that meteorologists said will likely continue into 2022.
Chicago Board of Trade wheat futures climbed to a three-month high on Thursday after the U.S. Department of Agriculture slashed global production estimates.
Even with drought and meager crop conditions, the trade has recently had a high miss rate on USDA’s August projections and the analyst guesses this time have not allowed much room for error.
Tyson Foods cannot increase prices for chicken and prepared foods fast enough to keep pace with rising costs for raw materials like grain, CEO Donnie King said Monday, reporting higher-than-expected quarterly earnings.
