World Agrinews

Soybeans rose to a one-week high after the U.S. said inventories will be smaller than forecast and that China purchased supplies from American exporters.

Corn fell for a fourth straight session and soybeans dropped to a three-week low on speculation that the global economic recovery is slowing and a stronger dollar will reduce investment demand.

1 March 2010, Guadalajara, Mexico - The focus of modern and conventional biotechnologies should be redirected so as to benefit poor farmers in poor countries and not only rich farmers in rich countries, FAO said today.

"Modern and conventional biotechnologies provide potent tools for the agriculture sector, including fisheries and forestry," said Modibo Traore, FAO Assistant Director-General, addressing the international technical conference on Agricultural Biotechnologies in Developing Countries in Guadalajara, Mexico.

Global wheat prices may plunge 14 percent in the next few months as new harvests enter the market, or sooner if Russia releases its stockpiles, the nation’s second-largest exporter said.