Do Big Corn Crops Always Get Bigger?

Thu, 21 Aug 2014

US - The USDA's August Crop Production report forecast the 2014 U.S. average corn yield at 167.4 bushels per acre, writes Scott Irwin, Darrel Good, and John Newton.

 

Scotland Holds Russian Trade Embargo Meeting

Thu, 21 Aug 2014

SCOTLAND, UK - Work is on-going across Scotland’s food sector to assess the potential market impact that could result from displacement of produce previously destined for the Russia will have for the sector as a whole.

 

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China to Expand Agricultural Produce Trade with Russia

Thu, 21 Aug 2014

CHINA - Chinese companies exported $2.1 billion worth of agricultural produce to Russia last year, and China is willing to work with Russia to expand two-way agricultural produce trade, said a Ministry of Commerce spokesman.

 

Jim Wyckoff's Morning Report: Markets Await Federal Reserve Report

Wed, 20 Aug 2014

GLOBAL - The Federal Reserve’s FOMC minutes’ release on Wednesday afternoon is the economic report highlight of the day.

 

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Reforms Needed to Hike Yields, says Chamber of Commerce

Wed, 20 Aug 2014

INDIA - PHD Chamber of Commerce and Industry (PHDCCI), an industry body has called for amendment to Land Ceiling Act and abolition of agriculture produce marketing committee (APMC) Act to draw massive corporate sector participation in agriculture and enable farmers to obtain optimum realisation of their produce, shunting out middlemen and speculators from mandis.

 

India’s Food Grain Output Estimated at 264.77 Million Tonnes

Wed, 20 Aug 2014

INDIA - India’s fourth advance estimates of food grain production for 2013-14 has been pegged at 264.77 million tonnes as on 14 August, 2014, the Indian ministry of agriculture said in a statement recently.

 

EU Commission Move to Support Agriculture Sector Welcomed

Wed, 20 Aug 2014

EUROPE - Copa-Cogeca has welcomed the move by European Agriculture Commissioner Ciolos to help support the EU farm sector in response to the crisis hitting the sector as a result of the Russian ban on agricultural products.

 

Wyckoff's Closing Grains: Corn Closed Higher

Wed, 20 Aug 2014

US - December corn futures closed up 3/4 cent at $3.72 1/4 Tuesday.

 

Jim Wyckoff's Morning Report: Increased Risk Appetite in Markets

Tue, 19 Aug 2014

GLOBAL - There is increased risk appetite in the market place this week, evidenced by firmer stock markets worldwide, including U.S. stock indexes that on Monday hit or are moving in on record or multi-year highs.

 

CAP Compliance Advice for Cereals and Oilseeds Growers

Tue, 19 Aug 2014

UK - Defra has released important information on how the new Common Agricultural Policy will be implemented in England, including how the new ‘greening’ requirements will work in practice.

 

Russia Eyes New Food Importers to Sustain Supplies

Tue, 19 Aug 2014

ANALYSIS - The Russian ban on meat and food products is starting to bite and could have a dramatic effect on the global food market, writes Chris Harris.

 

Wyckoff's Weekly Grain Outlook: Mixed Tones Across Grains

Tue, 19 Aug 2014

ANALYSIS - Focus this week is on the Pro-farmer Midwest corn and soybean crop tour, reports Jim Wyckoff.

 

Turkmenistan Cereal Production Forecast Down

Tue, 19 Aug 2014

TURKMENISTAN - Harvesting of the 2014 winter crops, mainly wheat, is nearing completion, while that of spring crops, mainly maize and rice just started and is expected to continue until the end of September.

 

Tajikistan Cereal Production Set to Increase

Tue, 19 Aug 2014

TAJIKISTAN - Harvesting of the winter crops (mainly wheat and barley) is nearing completion, while that of spring crops (mainly maize and rice) just started and is expected to continue until the end of September.

 

Wyckoff's Closing Grains: Corn Closed Lower

Tue, 19 Aug 2014

US - December corn futures closed down 5 1/2 cents at $3.71 1/2 Monday. Prices closed nearer the session low after hitting a four-week high early on.

 

Jim Wyckoff's Morning Report: Firmer Markets Worldwide

Mon, 18 Aug 2014

GLOBAL - There is a bit less risk aversion in the market place Monday, as evidenced by generally firmer stock markets worldwide.

 

Small Fall in Chinese Food Prices

Mon, 18 Aug 2014

CHINA - The prices of major farm produce in China fell slightly last week despite rises in meats and fish according to a survey of prices in 36 medium and large cities by the Ministry of Commerce MOFCOM.

 

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Good Prospects for Haiti Crops

Mon, 18 Aug 2014

HAITI - Harvesting of the 2014 main season crops is currently underway and will be concluded by the end of September.

 

Dominican Republic Rice Levels Following 2013 Pattern

Mon, 18 Aug 2014

DOMINICAN REPUBLIC - Harvest of the 2014 main season rice crop, which accounts for 70 per cent of total production, will be concluded by the end of August.

 

Favourable Prospects for Cuba 2014 Cereal Crop

Mon, 18 Aug 2014

CUBA - Harvesting of the 2014 main season rice crop is currently underway and will be completed by the end of December.

 

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Deere Announces US Layoffs

Mon, 18 Aug 2014

US - Deere & Company has announced it will reduce the size of its manufacturing workforce at some agricultural equipment factories in response to current market demand for its products. The action will place more than 600 employees at four locations on indefinite layoff.

 

Spain's Severe Drought Threatens Olive Harvest

Mon, 18 Aug 2014

SPAIN - Spain is currently experiencing its worst drought since records began, with olives bearing the brunt of continued heat and lack of moisture.

 

Jim Wyckoff's Morning Report: Is Russia-Ukraine Tension Easing?

Fri, 15 Aug 2014

GLOBAL - On the geopolitical front, the market place perceives the Russia-Ukraine tensions might be easing just a bit following conciliatory words from Russian president Putin late this week.

 

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India Inks Agri MoUs with 52 Nations

Fri, 15 Aug 2014

INDIA - To strengthen its reach in agriculture across the globe, India has signed memorandum of understandings (MoUs) and agreements in agriculture and allied sectors with 52 countries.

 

Damage to Agriculture in Gaza Will Have Long-lasting Effects

Fri, 15 Aug 2014

PALESTINE - Violence in Gaza has left agriculture, harvesting and fishing activities in disarray, causing price spikes for key food items.

 

Abundant Corn, Soybean Crops Expected

Fri, 15 Aug 2014

US - The federal government expects Indiana and the nation to grow bumper crops of corn and soybeans for the second consecutive year, adding to already adequate supplies but further holding down prices farmers will get for their productivity.

 

NFU Responds After Defra Announces CAP Greening Guidance

Fri, 15 Aug 2014

UK - The NFU is set to continue its roadshow meetings to support farmer members as they get to grips with the new Common Agriculture Policy, and particularly the greening measures.

 

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B5 Distribution Still Incomplete in East Malaysia

Fri, 15 Aug 2014

MALAYSIA - Officials recently announced that due to delays in completing blending facilities, B5 biodiesel will not be available in East Malaysia until at least December 2014.

 

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Wyckoff's Closing Grains: Corn Closed Higher

Fri, 15 Aug 2014

US - December corn futures closed up 4 1/4 cents at $3.73 3/4 Thursday.

 

Jim Wyckoff's Morning Report: Less Confidence in Market Place

Thu, 14 Aug 2014

GLOBAL - In overnight news, the European Union saw more downbeat economic reports, as the bloc’s gross domestic product showed a zero percent growth rate in the second quarter from the first, and was up 0.7% year-on-year.

 

EU Bees at Best Health in Years, Overwintering Losses at Record Low

Thu, 14 Aug 2014

EU - European bees are much healthier than many recent publications appear to suggest.

 

Make This a Healthy Harvest at Drilling Time

Thu, 14 Aug 2014

UK - Oilseed rape drilling is now well underway. With some seed treatment products restricted this year and others under threat, it’s critical that we look after those we have, keeping good product in the crop, out of water and away from wildlife.

 

China’s Refusal of Cross-border Rice Shipments has 'Little Impact'

Thu, 14 Aug 2014

VIETNAM & CHINA - Experts have said China’s cessation of importing Vietnamese rice across the border has 'little impact' on the Southeast Asian country’s rice exporting activities.

 

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Cargill Sees Fall in Revenue and Earnings

Thu, 14 Aug 2014

US – US meat and agrifood business Cargill has seen a 19 per cent drop in its annual earnings and a 12 per cent fall in earnings for the fourth quarter of the year.

 

Wyckoff's Closing Grains: Corn Closed Higher

Thu, 14 Aug 2014

US - December corn futures closed up 1/4 cent at $3.69 1/4 Wednesday.

 

Jim Wyckoff's Morning Report: More Risk Amongst Traders

Wed, 13 Aug 2014

GLOBAL - While there are still geopolitical hotspots in the world that the market place is monitoring, traders this week appear to have a bit more risk appetite.

 

China's Grain Imports Continue to Grow, Ensure Supply

Wed, 13 Aug 2014

CHINA - Increasing the grain imports through global markets at cheaper prices, China is quick to ensure sufficient domestic stocks, prevent unexpected supply risks and ensure long-term food security.

 

Soy Accounts for 41 Per Cent of Brazil's Total Agri Exports

Wed, 13 Aug 2014

BRAZIL - Brazil agribusiness exports reached $9.61 billion in July 2014.

 

Expert: Corn Ethanol Consumption Rising

Wed, 13 Aug 2014

US - With expectations of a record large US corn crop in 2014, market attention will soon shift to prospects for corn consumption. The market will follow a number of indicators of potential use as well as the revealed pace of consumption in the ethanol, export, and feed markets, writes Darrell Good.

 

Feed Industry Submits Comments on Sustainability Guidelines

Wed, 13 Aug 2014

US - The American Feed Industry Association (AFIA) has recently submitted comments to the Food and Agriculture Organisation of the United Nations on the Livestock Environmental Assessment Performance (LEAP) draft guidelines regarding the animal feed supply chain.

 

Jim Wyckoff's Morning Report: Geopolitics Retains Marketplace Hold

Tue, 12 Aug 2014

GLOBAL - There are still geopolitical hotspots in the world that have the attention of the market place: civil war in Iraq, in which the U.S. has just injected military force; the Russia-Ukraine tensions; and the Israel-Hamas fighting.

 

WASDE Report Bearish for Soybeans, Slightly Bullish for Corn, Neutral Wheat

Tue, 12 Aug 2014

ANALYSIS - Corn futures initially moved to a new contract low in the wake of Tuesday's USDA supply and demand and crop production report - but mainly due to a sell-off in the soybean futures market following the data.

 

Wyckoff's Weekly Grain Outlook: Bearish USDA Report Expected

Tue, 12 Aug 2014

ANALYSIS - The markets are anticipating a bearish USDA report for the corn, soy and wheat markets when it is released later today, reports Jim Wyckoff.

 

Video: How is Dry Weather Affecting Crop Production Across China, Russia and Ukraine?

Tue, 12 Aug 2014

ANALYSIS - Dry, hot weather is prevalent across China, causing growing conditions to fall behind average.

 

Keep Track of Mycotoxin Risk Right Up to Harvest

Tue, 12 Aug 2014

UK - With the winter wheat harvest well underway, HGCA is reminding growers to keep track of rainfall for their mycotoxin risk assessment following the onset of more unsettled weather including very heavy rain this past weekend.

 

Favourable Prospects for Cuba's 2014 Cereal Crop

Tue, 12 Aug 2014

CUBA - Harvesting of the 2014 main season rice crop is currently underway and will be completed by the end of December.

 

Common Agricultural Policy Should Protect Farmers from Russian Ban

Tue, 12 Aug 2014

EU - Following the announcement of Russia's ban on agriculture exports from the EU, the EU Commissioner for Agriculture and Rural Development Dacian Ciolos has stated that the Common Agricultural Policy (CAP) should help to protect farmers.

 

NFU to Evaluate 2014 Harvest with Annual Member Survey

Tue, 12 Aug 2014

UK - The first source of published data on UK crop production levels for this year will be generated by NFU members who are encouraged to complete the annual harvest survey of 2014.

 

Wyckoff's Closing Grains: Corn Closed Higher

Tue, 12 Aug 2014

US - December corn futures closed up 4 3/4 cents at $3.68 1/4 Monday. Prices closed near the session high on short covering.

 

India’s Cotton Exports Down by 19 Per Cent in June 2014

Mon, 11 Aug 2014

INDIA - Delhi based India's export import research company; Infodrive India has announced that Indian cotton exports have recorded a negative growth of 19.09 per cent in value terms during the month of June 2014.

 

Food Security Summit on Agricultural Solutions in Asia Pacific

Mon, 11 Aug 2014

GLOBAL - Government representatives, UN agencies, NGOs, development banks and private sector companies are gathering in October at the second annual AIDF Food Security Summit to discuss the imminent food security crisis the Asia Pacific region is facing.

 

Ireland Set Up Advice Line for Farmers Affected by Russian Ban

Mon, 11 Aug 2014

IRELAND - Responding to a Russian announcement of trade sanctions against EU and other countries in the agri-food sector, Minister Simon Coveney said that the move is unwelcome, but that it is not surprising given the recent evolution of events.

 

Australia Counts the Cost of Russian Food Import Ban

Mon, 11 Aug 2014

AUSTRALIA - The Government is currently assessing the likely impact of the Russian Federation ban on imports of certain agricultural products, raw materials and foodstuffs from Australia.

 

Video: What Growers Can Do to Protect Blackleg Resistance Traits

Mon, 11 Aug 2014

CANADA - A new video from the Canola Council of Canada zooms in on blackleg, showing how the canola disease infects a plant, how it spreads throughout a field and what growers can do to protect blackleg resistance traits.

 

Ryan Martin: How is the Corn, Soy Crop Progressing?

Fri, 08 Aug 2014

ANALYSIS - As corn pollination rounds up and soybeans move into the crucial development stages, what do we need to look for?

 

Record Sales for Land O'Lakes

Fri, 08 Aug 2014

US - Animal feed, crop, egg and dairy company, Land O’Lakes, Inc., has posted record second-quarter (Q2) and first half-year sales and earnings.

 

Khapra Beetle Infestation Stops Rice Shipment from Pakistan

Fri, 08 Aug 2014

US & PAKISTAN - US Customs and Border Protection (CBP) discovered a Khapra Beetle larvae infestation in a shipment of rice from Pakistan at the port of Baltimore, Maryland, USA.

 

Wyckoff's Closing Grains: Corn Closed Lower

Fri, 08 Aug 2014

US - December corn futures closed down 3 1/2 cents at $3.70 3/4 Thursday. Prices closed near mid-range.