Flooding cripples grain barge shipments on U.S. Midwest rivers

By Karl Plume

CHICAGO, Feb 22 (Reuters) - Grain barge shipping came to a
near standstill in parts of the U.S. Midwest on Thursday as
recent heavy rain and melting snow swelled rivers, halted barge
loading and sidelined the towboats that haul farm belt crops to
Gulf Coast export terminals.

UPDATE 2-Japan wins WTO dispute over Fukushima-related food

(Adds South Korea's decision to appeal ruling, changes

By Yuka Obayashi and Jane Chung

TOKYO/SEOUL, Feb 23 (Reuters) - The World Trade Organization
largely upheld a Japanese complaint against South Korean import
bans and additional testing requirements imposed on Japanese
seafood because of the 2011 Fukushima nuclear disaster.

LIVESTOCK-CME live cattle extends losses, hogs further gains

CHICAGO, Feb 22 (Reuters) - Chicago Mercantile Exchange live
cattle on Thursday lost ground for a second day in a row,
weighed down by lower cash prices and an increased supply
outlook, traders said.
They said sell stops and fund liquidation contributed to
market declines.
Some investors adjusted positions before the U.S. Department
of Agriculture (USDA) monthly Cattle-On-Feed report on
February live cattle, which will expire on Feb. 28,
closed 1.300 cents per pound lower at 128.350 cents. April

GRAINS-Soy, corn futures about flat; wheat up after two-week low

(Updates U.S. market activity to close)

By Michael Hirtzer

CHICAGO, Feb 22 (Reuters) - U.S. grain and soy futures were
about flat on Thursday in largely technical-driven trading as
investors awaited supply and demand estimates from an annual
Department of Agriculture forum due early on Friday.

UPDATE 1-Brazil's Cosan quarterly profit jumps on higher fuel, gas sales

(Adds financial details, company background.)

SAO PAULO, Feb 22 (Reuters) - Brazilian energy and logistics
company Cosan SA Indústria e Comércio on Thursday
reported a net profit of 686 million reais ($211.10 million) in
the quarter ended Dec. 31, up from 183 million reais a year

Cosan said it benefited from the recovery in the Brazilian
economy, citing larger fuel and natural gas sales compared with
the year-earlier quarter.

Argentine biofuels chamber calls new U.S. biodiesel duties illegal

BUENOS AIRES, Feb 22 (Reuters) - The Argentine Chamber of
Biofuels (CARBIO) said on Thursday that increased U.S. duties on
Argentine biodiesel were "arbitrary and illegal" and would shut
Argentina out of the market in the United States.

The U.S. Commerce Department on Wednesday slapped
anti-dumping duties of between 60.44 percent to 276.65 percent
on biodiesel from Argentina and Indonesia, on top of already
steep anti-subsidy duties.

Brazil's Cosan quarterly net profit rises to 686 mln reais

SAO PAULO, Feb 22 (Reuters) - Brazil's energy and logistics
company Cosan SA Indústria e Comércio reported on
Thursday a net profit in the quarter ended Dec. 31 of 686
million reais ($211.10 million) compared with 183 million reais
a year earlier.