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KUALA LUMPUR, Jan 18 (Reuters) - Malaysia on Thursday
criticised the European Union for backing a ban on the use of
palm oil in biofuels, calling the move a protectionist trade
barrier and a form of "crop apartheid".
European lawmakers approved draft measures on Wednesday to
reform the power market there and reduce energy consumption to
meet more ambitious climate goals. The plan includes a ban on
the use of palm oil in motor fuels from 2021.
* Wheat rises as market continues to recover from 1-month
* Funds covering short-positions, global oversupply to limit
* Corn eases after 2-day rally, soybeans little changed
SYDNEY, Jan 18 (Reuters) - U.S. corn futures inched down for
the first time in three sessions on Thursday, though prices
remained near a two-week high that was hit the previous day
after a bout of short-covering.
SEOUL, Jan 18 (Reuters) - Following is the full text of the
statements released by the Bank of Korea in English after the
central bank held its key interest rate steady on Thursday, as
expected, as it monitors the effects of its November hike.
For story, see
MONETARY POLICY DECISION
(Repeats to additional subscribers, with no change to text)
* EU lawmakers favour higher use of renewables
* Also back ban on palm oil use in motor fuels
* Tough talks with EU member states loom
* Measures are part of EU drive to meet climate goals
BRASILIA, Jan 17 (Reuters) - JBS SA, the world's largest
meatpacker, has agreed to sell its Five Rivers cattle feedlots
in the United States to affiliates of Pinnacle Asset Management
LP for about $200 million, the company said in a securities
filing on Wednesday.
The acquirer of JBS Five Rivers Cattle Feeding LLC will sign
long term contracts to supply cattle to JBS' meatpacking units
in the United States, the filing added. JBS said the proceeds
will be used to reduce its debt.
(Reporting by Anthony Boadle; Editing by Sandra Maler)
By Julie Ingwersen
CHICAGO, Jan 17 (Reuters) - Chicago Mercantile Exchange
cattle futures surged on Wednesday on technical buying and
short-covering, spurred in part by higher-than-expected prices
at a weekly cattle sale, traders said.
Animals at Wednesday's Fed Cattle Exchange brought $119.75
per cwt, up from $119 a week earlier.
"I guess people thought it would be closer to $118, so when
they got basically steady prices, shorts covered," said Mark
Gold of Top Third Ag Marketing.
* Funds cover short positions in corn after recent drop
* Wheat bounces from one-month low, soybeans firm
* Market monitoring South American weather, weak dollar
(Updates with closing prices, adds fund buying estimates, adds
South American weather concerns)
By Karl Plume
Improved South American crop-weather weighs on the soybean market.
John Deere’s success in building plows launched a company that grew into a multinational giant, but Deere’s early life was anything but successful.