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Jim Wyckoff's Morning Report: EU Markets Boosted by Positive US Data

Thu, 24 Apr 2014

GLOBAL - European stock markets were supported by upbeat earnings reports coming from the U.S. late Wednesday, namely the technology sector and Facebook and Apple. Asian stock markets were mixed Thursday.

 

Are Latin America, Caribbean The Next Global Breadbasket?

Thu, 24 Apr 2014

GLOBAL – Latin America and the Caribbean region can help feed our rapidly growing global population provided the region implements key policy actions to bolster agricultural productivity, says to a new report by the Global Harvest Initiative (GHI) and the Inter-American Development Bank (IDB).

 

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Return to Normal Yields Forecast to Decrease in Total Oilseeds

Thu, 24 Apr 2014

CANADA - A return to normal yields is forecast to result in a six per cent decrease in total oilseeds (canola, soybeans and sunflowers) for 2014/2015.

 

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Australia Produces World's Highest Cotton Yields

Thu, 24 Apr 2014

AUSTRALIA - Australia is one of the world’s largest exporters of raw cotton with over 90 per cent of the domestic crop exported, mainly to China, Indonesia and Thailand.

 

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Australian Sugar Output Forecast to Rebound in 2014/15

Thu, 24 Apr 2014

AUSTRALIA - The Australian sugar industry produces raw and refined sugar from sugarcane.

 

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Wyckoff's Closing Grains: Corn Closed Higher

Thu, 24 Apr 2014

US - July corn futures closed up 7 1/2 cents at $5.09 1/2 Wednesday.

 

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Jim Wyckoff's Morning Report: Interests in China Economic Data

Wed, 23 Apr 2014

GLOBAL - Key Chinese economic data out Wednesday saw the HSBC April manufacturing PMI come in at 48.3 in March versus 48.0 in April.

 

New Fund Allows USDA to Facilitate Private Equity Investments in Agriculture

Wed, 23 Apr 2014

US – US Agriculture Secretary Tom Vilsack announced the creation of a new investment fund - Rural Business Investment Company (RBIC)- that will now allow USDA to facilitate private equity investments in agriculture-related businesses.

 

Taiwan's Demand for Soybean Meal Continues to Drive Demand for Imported Soybeans

Wed, 23 Apr 2014

TAIWAN - Taiwan’s demand for soybean meal continues to be the driving force behind Taiwan’s demand for imported soybeans.

 

Thailand's MY2013/14 Sugar Production Expected to Increase

Wed, 23 Apr 2014

THAILAND - MY2013/14 sugar production is expected to increase to 11.4 million metric tons, up 14 per cent from the previous year due to a better than expected average sugar extraction rate resulting from favorable weather conditions. This will likely spur sugar exports to around 9 million metric tons.

 

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UK Gov't Announces Eight New Renewables Projects

Wed, 23 Apr 2014

UK - Eight major renewable electricity projects are unveiled today as part of the government’s world leading electricity reforms, giving a massive boost to green growth and green jobs.

 

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Wyckoff's Closing Grains: Corn Closed Higher

Wed, 23 Apr 2014

US - July corn futures closed up 8 1/2 cents at $5.02 1/4 Tuesday.

 

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Jim Wyckoff's Morning Report: Asian & EU Markets Quieter

Tue, 22 Apr 2014

GLOBAL - In overnight news, Asian and European stock markets were quieter and traded mixed to mostly firmer amid no major, fresh fundamental news to move prices.

 

Wyckoff's Weekly Grain Outlook: Profit Taking Pressure Across Grains

Tue, 22 Apr 2014

ANALYSIS - There's considerable profit taking pressure across all grain markets at the start of the week, reports Jim Wyckoff.

 

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El Salvador's Sugar Industry to Benefit from Higher Yielding Varieties

Tue, 22 Apr 2014

EL SALVADOR - Higher yielding sugarcane varieties, diversification of the industry into the production of energy and alcohol/ethanol, investment in milling equipment to improve sugar yields, and additional access to the US market due to CAFTA-DR will all benefit El Salvador's sugar industry over the next three to five years.

 

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Guatemala's Sugar Production Increase Dependent on Yield Increases

Tue, 22 Apr 2014

GUATEMALA - Guatemalan sugarcane planted area has been expanding by three per cent (average annual basis) for the past ten years. However, lack of available land and poor country infrastructure close to the South Coast of Guatemala will limit planted area growth in the next ten years.

 

Russia's Sugar Production Forecast to Remain Same as Last Year

Tue, 22 Apr 2014

RUSSIA - Given average weather, FAS/Moscow forecasts Russia’s sugar beet production in 2014 to be 39 million metric tons (MMT), the same as last year.

 

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Venezuelan Sugar Production Estimated to Fall in MY 2013/2014

Tue, 22 Apr 2014

VENEZUELA - A combination of price controls, decreasing cane planted area, fear of land expropriation, and large amounts of imports continue to negatively impact the domestic sugar industry.

 

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Wyckoff's Closing Grains: Corn Closed Lower

Tue, 22 Apr 2014

US - July corn futures closed down 6 3/4 cents at $4.93 3/4 Monday.

 

Jim Wyckoff's Morning Report: Russia-Ukraine on Back Burner for Now

Mon, 21 Apr 2014

ANALYSIS - Many European and Asian markets are closed Monday due to the Easter holiday, which made for subdued trading and a lack of fresh news coming from Europe and Asia.

 

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Renewable Energy Must Play Significant Role in Climate Change Mitigation

Mon, 21 Apr 2014

US - The third working group of the Intergovernmental Panel on Climate Change (IPCC) issued its report on climate change mitigation. The report finds that climate change is occurring at a rapid rate, but mitigation strategies such as scaling up renewable energy production could substantially reduce anthropogenic greenhouse gas (GHG) emissions.

 

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University of Minnesota Releases Info Series on 2014 Farm Bill

Mon, 21 Apr 2014

US - A series of fact sheets on the Agricultural Act of 2014 – the farm bill – is available to help the agricultural community prepare for changes introduced by the recently passed federal legislation.

 

Pollen Collected by Bees Contaminated with Toxic Pesticides

Mon, 21 Apr 2014

EU - Over two third of the pollen that honeybees collected from European fields and brought to their hives to feed their larvae is contaminated with a cocktail of up to 17 different toxic pesticides.

 

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Catch Up with the Latest Arable Thinking at Cereals 2014

Mon, 21 Apr 2014

UK - HGCA will again be one of the major exhibitors at Cereals 2014, with a large stand containing both established favourites and exciting new features for 2014.

 

China to Maintain Self-sufficiency in Food Production

Mon, 21 Apr 2014

CHINA - Despite an expected increase in the country's food imports, China will maintain self-sufficiency in its main food crops, including wheat and rice, in the coming decade, said an agricultural report released on Sunday.

 

GeoGrain: Corn, Soybean Basis Move Higher

Fri, 18 Apr 2014

US - Basis across the U.S improved for the week ending on the 16th with corn basis climbing 1 ½ cents higher and soybeans up 2 cents, according to grain analysts at GeoGrain.

 

Wyckoff's Closing Grains: Corn, Beans Lower on Thursday

Fri, 18 Apr 2014

ANALYSIS - May corn futures closed down 4 cents at $4.93 1/2 Thursday. Prices closed near the session low today, closing at a two-week low close and at a bearish weekly low close.

 

Strong Domestic, International Demand Supports US Grain Prices

Fri, 18 Apr 2014

ANALYSIS - Strong domestic and international demand for US grains continues to underpin prices at relatively high levels, writes Ggrain analysts at GeoGrain.

 

Professor Leads Recommendations on Climate Change Mitigation

Fri, 18 Apr 2014

US - The latest assessment of global climate change is out and scientists from around the world have recommended changes including some in agriculture, forestry and other land use designed to mitigate their effects on climate change.

 

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National Research to Deliver Local Solutions at Cereals 2014

Fri, 18 Apr 2014

UK - The role of national and independent research in delivering local solutions will be the focus of HGCA’s crop management research plots at Cereals 2014.

 

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USDA Researchers Simplify Pyrolysis Processes for Bio-oil Production

Fri, 18 Apr 2014

US - Innovations at the U.S. Department of Agriculture (USDA) are bringing researchers one step closer to developing "green" biofuel production systems farmers can use to meet on-farm energy needs, or to produce renewable fuels for commercial markets.

 

Western Canadian Winter Wheat Crops Looking Good

Fri, 18 Apr 2014

CANADA - The executive director of Winter Cereals Canada says weather over the next two weeks will play a key role in determining the condition of this year's winter wheat crop coming out of the winter.

 

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US Fertilizer Transportation Decision a 'Step in Right Direction'

Fri, 18 Apr 2014

US - National Farmers Union (NFU) has praised a decision by the US Surface Transportation Board (STB) that ordered BNSF Railway (BNSF) and Canadian Pacific Railway Ltd. (CP) to direct all necessary railcars and locomotive power to move fertilizer into position to avoid planting delays this spring.

 

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Jim Wyckoff's Morning Report: No Simmering Down for Russia-Ukraine Crisis

Thu, 17 Apr 2014

GLOBAL - The Russia-Ukraine crisis is not simmering down. A foreign ministers meeting including officials from the U.S., Russia, Ukraine and the European Union got under way in Geneva, Switzerland Thursday to try to de-escalate the situation.

 

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About 35 MT Food Grain Kept Unprofessionally, Says Assocham

Thu, 17 Apr 2014

INDIA - Due to shortage of warehousing facilities over 35 million tonnes or 30 per cent to 35 per cent of food grain is stored in an unprofessional manner during the peak marketing season in India, the Associated Chambers of Commerce and Industry of India (Assocham) said in a study on April 9.

 

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US Ethanol Exports to Reach Record Level

Thu, 17 Apr 2014

US - The ethanol industry is expecting to export a record amount of ethanol in 2014, reports Nebraska Ethanol Board.

 

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Quarterly Sales of Poultry Meat, Sunflower Oil Rise for MHP

Thu, 17 Apr 2014

UKRAINE - Agri-food company, MHP reports higher poultry meat and sunflower oil production by 30 and 37 per cent, respectively, in the first quarter of 2014 than in the same period last year while sales of processed meats to third parties were down by seven per cent.

 

Mexico: A Positive Year Ahead but Full of Challenges

Thu, 17 Apr 2014

MEXICO - Mexico’s economic growth is gradually improving, but food consumption remains vulnerable to income and price effects, according to a report from Rabobank – "Mexico Agribusiness Outlook 2014: A positive year but full of challenges".

 

Ag Minister Promotes Canadian Wheat, Canola in South Korea

Thu, 17 Apr 2014

CANADA - A cooking demonstration has been held in Seoul for 100 guests, showcasing Canadian foods including beef, pork, lobster, canola oil and wheat.

 

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Wyckoff's Closing Grains: Corn Closed Lower

Thu, 17 Apr 2014

US - May corn futures closed down 6 1/2 cents at $4.97 1/4 Wednesday.

 

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Jim Wyckoff's Morning Report: Russia-Ukraine Continues to Dominate Markets

Wed, 16 Apr 2014

GLOBAL - The Russia-Ukraine crisis remains in keen focus this week. The latest developments have seen gunfire in eastern Ukraine cities, with Russian war planes buzzing the region.

 

How is Ukraine Unrest Affecting Grain Markets?

Wed, 16 Apr 2014

ANALYSIS - Unrest and uncertainty in Ukraine and in the Black Sea region as a whole is having a sharp impact on European grain prices and prospects, writes Chris Harris.

 

Indian Soymeal Exports Down 17 Per Cent last year

Wed, 16 Apr 2014

INDIA - India’s soymeal exports has recorded a negative growth of 0.59 million tonnes or 17.27 per cent at 2.84 million tonnes during the April 2013 to March 2014 financial year, writes Jagdish Kumar.

 

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Vietnamese Oilseed Production Continues to Drop

Wed, 16 Apr 2014

VIET NAM - Viet Nam’s oilseed production continues to fall well below demand from the food industry and the livestock and aquaculture feed sectors due to low yield and strong competition from other field crops, namely corn.

 

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Ecuador's Total Sugar Production Forecast to Rise

Wed, 16 Apr 2014

ECUADOR - FAS Quito forecasts Ecuador’s total sugar production in marketing year (MY) 2014/15 (May/April) reaching 615,000 metric tons (MT), up some 38,000 MT or 6.5 per cent from our MY 2013/14 estimate.

 

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China's Tame Inflation Provides Ample Policy Room

Wed, 16 Apr 2014

CHINA - Increased food prices drove China's inflation at retail level to rise at a faster pace in March than the previous month, but the inflation pressure still remained subdued and gave policymakers enough room to mull economic policy action.

 

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Wyckoff's Closing Grains: Corn Closed Higher

Wed, 16 Apr 2014

US - May corn futures closed up 3/4 cent at $5.03 3/4 Tuesday. Prices closed nearer the session high.

 

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Jim Wyckoff's Morning Report: Russia-Ukraine Dominant Market Theme

Tue, 15 Apr 2014

GLOBAL - The Russia-Ukraine crisis is the dominant market theme this week.

 

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Agriculture's Greenhouse Gas Emissions on the Rise

Tue, 15 Apr 2014

GLOBAL - New FAO estimates of greenhouse gas data show that emissions from agriculture, forestry and fisheries have nearly doubled over the past fifty years and could increase an additional 30 per cent by 2050, without greater efforts to reduce them.

 

Sustainable Profitable Agriculture with Biodiversity Conservation

Tue, 15 Apr 2014

EU - Economically viable agriculture can be combined with effective biodiversity conservation according to a recent EU funded study.

 

Brazil to Increase Ethanol Output

Tue, 15 Apr 2014

BRAZIL - Brazil forecasts growth in its cane harvest and sugar output, despite the drought in its main sugar-producing region.

 

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Anaerobic Digestion Deployment in the United Kingdom

Tue, 15 Apr 2014

UK - NNFCC has announced the publication of a definitive report on Anaerobic Digestion (AD) Deployment in the UK, providing a comprehensive regional breakdown of sector development in the UK and gives detailed information on feedstock requirements, installed capacity and output type (combined heat & power or biomethane – to-grid) for each project from the first public announcement through to operation.

 

Total Mexican Cotton Production Forecast to Rise

Tue, 15 Apr 2014

MEXICO - The Post/New MY 2014/15 total Mexican cotton production is forecast to increase approximately 16 per cent due to an expected increase in planted area.

 

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Wyckoff's Closing Grains: Corn Closed Lower

Tue, 15 Apr 2014

US - May corn futures closed up 4 cents at $5.02 1/2 Monday.

 

CME: USDA Revises Corn Balance Sheet

Mon, 14 Apr 2014

US - The latest USDA WASDE report contained a number of key revisions to both grain supply estimates and meat production forecasts, write Steve Meyer and Len Steiner.

 

Turn to Genetically Engineered Soymeal Highlights Market Realities

Mon, 14 Apr 2014

GERMANY - The availability of, and preference for, non-genetically engineered (GE) soybeans as an animal feed is again being debated in Germany. Interest has been rekindled by a recent decision by the German poultry famers association to end their 14 year old policy of only using non GE soybeans in poultry feed. This action opens a new 800,000 MT soybean meal market to US suppliers.

 

West African Milled Rice Production Continues to Rise

Mon, 14 Apr 2014

WEST AFRICA - Despite delayed rains and prolonged dry spells that affected the MY 2013/14 (Oct 2013-Sept 2014) cropping season in most selected countries, milled rice production continues to increase.

 

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US Food Prices on Downward Trend

Mon, 14 Apr 2014

US - Food price inflation has generally been falling over recent decades, according to a new report from the USDA Economic Research Service (ERS).

 

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Drought Measures, Milk Quotas on EU Ag Committee Agenda

Mon, 14 Apr 2014

EU - On the agenda for the upcoming Agriculture and Fisheries Council meeting are weather-related crop difficulties in Cyprus and Latvia as well as legal aspects to the end of milk quotas.