Ag and Energy Report for May 3, 2016

Local News
The U.S. Justice Department has launched a criminal investigation into Dole Foods over a Listeria outbreak linked to four deaths in the U.S. and Canada and multiple other illnesses.
 
Fox news says Dole has recently been contacted by the DOJ regarding the outbreak, which involved packaged salad produced in its Springfield, Ohio facility.
 
The investigation is looking to see if Dole knew about the Listeria contamination and sold salads made there anyway.
 
Right now, we’re sitting on the largest cheese stockpile the country has seen in 30 years, Bloomberg reports, which means our export business is not booming.
 
There’s too much milk, cheap prices, and a weak euro right now, which means the EU has been going gangbusters selling cheese in Asia and the Middle East. 
 
Meanwhile, U.S. exports have fallen – no one wants our cheese, and everyone wants what Europe is selling.
 
International paper said it is paying $2.2 billion to buy seven mills from Weyerhaeuser that make pulp used in diapers, tissues and other consumer products.
 
The deal is expected to close before the end of the year.
 
U.S. grain companies plan to reject Monsanto’s new genetically modified soybeans because of concerns that they could disrupt international trade without a key regulatory approval from the European Union.
 
The Wall Street Journal says trade groups representing Cargill, ADM, Bunge and others blasted the biotech seed company’s decision to sell the seeds before first securing an approval required to ship the crops to the EU.
 

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