ellipsischat

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.

 

ellipsischat

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.

 

ellipsischat

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.

 

ellipsischat

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.

 

ellipsischat

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.

 

ellipsischat

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.

 

ellipsischat

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.

 

ellipsischat

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.

 

ellipsischat

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.

 

Lords Call for EU Action on Food Waste

Mon, 14 Apr 2014

ANALYSIS - The report calls for a redistribution of potentially wasted food to different sections of society or to be used in the animal feed chain where appropriate.

 

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.

 

ellipsischat

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).

 

ellipsischat

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.

 

Cotton Incorporated: Prices Outside China Flat to Lower; CC Index Lower

Fri, 11 Apr 2014

GLOBAL - Prices outside China were flat to lower last month, while the CC Index decreased in early April.

 

UK Makes Efforts to Reduce Farmer Regulatory Burdens

Fri, 11 Apr 2014

UK – Recent cuts to red tape and bureaucracy have made farming easier and at no cost to food production standards, the government has announced this week.

 

ellipsischat

Knowledge of Vulnerability in Supply Chain to Detect Food Fraud

Fri, 11 Apr 2014

NETHERLANDS - Food fraud has always taken place and there are incidents on a regular basis. To combat food fraud more effectively, information is required on which factors play a role in the vulnerability of organisations and the food chain for food fraud, according to Saskia van Ruth in her inaugural address as Professor (by special appointment) of Food Authenticity and Integrity at Wageningen University.

 

Venezuelan Grain Production Drops; Strong Imports Expects

Fri, 11 Apr 2014

VENEZUELA - Venezuela is a net importer of agricultural products and depends on food imports for about 70 per cent of its food supply.

 

Nigerian Demand for Wheat-based Foods Large, Growing

Fri, 11 Apr 2014

NIGERIA - Nigeria plays a pivotal role in the regional economy from being the largest market in West Africa.

 

Irish President Tours FAI Farm During State Visit to UK

Thu, 10 Apr 2014

UK - The President of Ireland, Michael D Higgins, visited a leading sustainable farming research and innovation centre, the Food Animal Initiative (FAI), in Oxford, as part of a landmark state visit to the UK.

 

Russian Grain Exports Soar

Thu, 10 Apr 2014

RUSSIA - Russia has exported nearly 50 per cent more grain in the first three months of the year than for the same period last year.

 

Overall Moroccan Grain Crop in Good Condition

Thu, 10 Apr 2014

MOROCCO - The overall grain crop for MY 2014/2015 season is reported to be in good condition with an average yield of 79.5 kg/HA compared to national standard of 77 kg/HA, with very low impurity level, which optimizes its use in the mills.

 

Indian Oilseed Production Forecast to Drop

Thu, 10 Apr 2014

INDIA - India’s total oilseed production, to include soybeans, rapeseed, mustard, peanuts, sunflower seed, cottonseed, and copra is forecast at 37.4 MMT in MY 2014/15 (Oct-Sep), a 2.5 per cent decrease from the current year. This forecast assumes normal weather patterns during the 2014 June-September monsoon.

 

ellipsischat

Agriculture MEPs Back Move for Promotion of EU Farm Produce

Thu, 10 Apr 2014

EU - A deal with the EU Council of Ministers on measures to boost sales of EU farm produce within the EU and abroad and to restore consumer confidence in the event of market disruptions has been given the go-ahead by the European Agriculture Committee.

 

China Corn Production Forecast to Rise

Thu, 10 Apr 2014

CHINA - Wheat production in marketing year (MY) 2014/15 is forecast stable at 122 million metric tons (MMT). MY 2014/15 wheat imports are forecast at 4 MMT, down 3 MMT from the previous year, as near record production and lower feed use reduce import demand.

 

USDA Supply, Demand Report: Friendly for Corn, Soybeans; Bearish for Wheat

Wed, 09 Apr 2014

ANALYSIS - The April USDA supply and demand report contained no major surprises. However, the latest government data was deemed a bit bullish for corn and soybeans, and modestly bearish for wheat, reports grain analyst Jim Wyckoff for TheCropSite.

 

Indian Sugar Production Down Seven Per Cent in Last Year

Wed, 09 Apr 2014

INDIA - India’s sugar production output has recorded a 1.6 million tonnes or seven per cent decrease at 21.5 million tonnes during the April 2013 to March 2014 fiscal year, writes Jagdish Kumar.

 

ellipsischat

EU Vote Paves Way for Government Decisions on CAP - NFU

Wed, 09 Apr 2014

UK - A positive vote by MEPs means the Government is a step closer in making key decisions on implementing the next CAP reform in England and Wales, the NFU said.

 

ellipsischat

NFU: Stable Biofuels Policy is Key to Next Generation

Wed, 09 Apr 2014

US - National Farmers Union (NFU) President Roger Johnson has commended the US Senate Committee on Agriculture, Nutrition and Forestry for its hearing on advanced biofuels.

 

ellipsischat

Cargill Sees Earnings Dip

Wed, 09 Apr 2014

US - US agrifoods giant Cargill has shown net earnings of $319 million in the third quarter of the financial year, down 28 per cent from $445 million in the same quarter a year ago.

 

US Farmers Fighting Wind Erosion and Continued Drought

Wed, 09 Apr 2014

US - During the first week of April, parts of the North, East, Central and Rolling Plains regions received from 0.5 inch to 2 inches of rain, according the National Weather Service and reports from Texas A&M AgriLife Extension Service personnel.

 

ellipsischat

Wyckoff's Closing Grains: Corn Closed Lower

Wed, 09 Apr 2014

US - May corn futures closed up 7 1/2 cents at $5.06 3/4 Tuesday.

 

ellipsischat

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

Tue, 08 Apr 2014

GLOBAL - The Russia-Ukraine matter is back on the front burner of the market place Tuesday. Pro-Russian demonstrators in Ukraine are becoming more active.

 

Wyckoff's Weekly Grains Outlook: Mixed Picture Across Markets

Tue, 08 Apr 2014

ANALYSIS - There's a mixed bag across the grain markets this week, reports Jim Wyckoff.

 

ellipsischat

Old Pond Publishing Joins 5m Publishing

Tue, 08 Apr 2014

UK - International media business, 5m Publishing - part of Benchmark Holdings plc - has announced their successful acquisition of Suffolk-based agriculture and machinery specialist Old Pond Publishing.

 

ellipsischat

Cutting First-Crop Alfalfa Offers Risks, Lots of Rewards

Tue, 08 Apr 2014

US - Harvesting alfalfa may be the one activity with the most influence on dairy herd profitability.

 

Western Rootworm Resistance to Bt Corn Confirmed in More Illinois counties

Tue, 08 Apr 2014

US - With the addition of three more counties, a total of five Illinois counties have now reported confirmed cases of field-evolved resistance to Bt corn (Cry3Bb1 protein) by western corn rootworm, and a University of Illinois entomologist said now is the time to move forward aggressively with integrated pest management (IPM) strategies.

 

ellipsischat

NFU Names Senate Ag Appropriations Priorities

Tue, 08 Apr 2014

US - Last week National Farmers Union (NFU) President Roger Johnson submitted testimony to the U.S. Senate Subcommittee on Agriculture Appropriations, outlining NFU’s priorities for Fiscal Year 2015 funding for agricultural programs.

 

ellipsischat

Favourable Prospects for Indonesia 2014 Rice, Maize Crops

Tue, 08 Apr 2014

INDONESIA - Harvesting of the 2014 main (wet) season paddy crop, which accounts for about 95 percent of annual production, began in early-March and is expected to continue until mid-June.

 

ellipsischat

Wyckoff's Closing Grains: Corn Closed Lower

Tue, 08 Apr 2014

US - May corn futures closed down 2 1/2 cents at $4.99 1/4 Monday.

 

ellipsischat

Jim Wyckoff's Morning Report: Asian, EU Markets Pressured

Mon, 07 Apr 2014

GLOBAL - Asian and European stock markets were pressured Monday following Friday’s losses in the U.S. stock market that were led by the Nasdaq index dropping sharply.

 

Conference Line Up Announced for Cereals 2014

Mon, 07 Apr 2014

UK - The Oxford Farming Conference, working with the Cereals Event, will be bringing visitors four debates headlined by industry leaders, including farmers, scientists, policymakers and environmentalists.

 

ellipsischat

European Parliament Supports Common Framework for Whole Food Chain

Mon, 07 Apr 2014

EU - A Commission proposal creating, for the first time, a common financial framework covering the whole food chain has been endorsed by the European Parliament.

 

ellipsischat

FAO Food Price Index up Sharply for Second Consecutive Month

Mon, 07 Apr 2014

GLOBAL - The FAO Food Price Index averaged 212.8 points in March 2014, up 4.8 points, or 2.3 per cent, from February and the highest level since May 2013.

 

ellipsischat

Scientists Develop New Way to Make Food Ingredient from Rice Bran Oil

Mon, 07 Apr 2014

US - Some of today's popular baked goods might tomorrow contain a butter-like extract, derived from rice bran oil, as a partial replacement for margarine, butter or shortening.

 

ellipsischat

Sustainability Honour for Cargill's Chicken

Mon, 07 Apr 2014

US - McDonald's has honoured Cargill with seven 'Best of Sustainable Supply' awards, recognising the company's projects to help reduce environmental impacts, improve sustainability and enable farmers and rural communities to prosper.

 

World Trade Talks Stall over Definition of Safety Standards

Sun, 06 Apr 2014

GLOBAL - World Trade Organisation talks over an agricultural trade deal have hit another block as one of the negotiating committees could not reach an agreement over a definition for private standards for food safety and animal and plant health.

 

ellipsischat

Jim Wyckoff's Morning Report: Awaiting US Employment Report

Fri, 04 Apr 2014

GLOBAL - Arguably the most important economic data point of the week and of the month is on deck Friday: the March U.S. employment report from the Labor Department.

 

Thai Soybean Consumption Expected to Rebound in MY 2013/14, MY 2014/15

Fri, 04 Apr 2014

THAILAND - Soybean consumption is expected to rebound in MY 2013/14 and MY 2014/15 in line with rising demand for soybean meal. The increase is being driven by Thailand’s growing livestock sector, especially in broiler, poultry layers, and hog operations.

 

Spain Cotton Has Critical Implications

Fri, 04 Apr 2014

SPAIN - Spain and Greece are the only two EU member states that grow cotton. In Spain, the large majority of cotton production is concentrated in Andalucía, especially in the provinces of Cadiz and Seville.

 

ellipsischat

Thai Cotton Yarn Production up from Previous Year

Fri, 04 Apr 2014

THAILAND - Cotton imports in Marketing Year (MY) 2012/13 increased 19 per cent to 1.5 million bales as spinning mills experienced greater demand for cotton yarn and the Thai economy improved.

 

ellipsischat

Jim Wyckoff's Morning Report: Markets Firmer Overnight

Thu, 03 Apr 2014

GLOBAL - The European Central Bank is holding its monthly monetary policy meeting Thursday, including a press conference from ECB president Mario Draghi.

 

Research Ramps Up Vegetable Oil Production in Global Food Fight

Thu, 03 Apr 2014

UK - Vegetable oils are a major global commodity. World production exceeds 150 million tons per annum and has risen by ~50 per cent in just ten years.

 

ellipsischat

Crops in Most Tunisian Regions Reportedly in Good Condition

Thu, 03 Apr 2014

TUNISIA - The planted area for winter wheat and barley in 2013 is estimated at about 1.47 million HA, compared to 1.13 million HA planed in 2012. Most regions received sufficient and well distributed rainfalls in October, February and March, and crops are reported in very good condition.

 

ellipsischat

Wyckoff's Closing Grains: Corn Closed Lower

Thu, 03 Apr 2014

US - May corn futures closed down 11 3/4 cents at $4.95 3/4 Wednesday.