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Jim Wyckoff's Morning Report: Markets Slightly More Confident

Wed, 23 Jul 2014

GLOBAL - There is a bit more investor and trader risk appetite in the market place at mid-week as there have been no major new developments on the geopolitical scene the past 48 hours.

 

Corn Production Estimated to Rise in MY 2014/15

Wed, 23 Jul 2014

ZIMBABWE - Post estimates corn production to increase by 63 per cent, from 800,000 tons in the 2013/14 MY to about 1.3 million tons in the 2014/15 MY.

 

Prospects for Belarus 2014 Cereal Production are Favourable

Wed, 23 Jul 2014

BELARUS - Harvest of the 2014 winter cereal crops, mainly wheat, is underway, while spring barley is maturing.

 

Replace Reduce Refine – Way Forward for Antibiotic Use

Wed, 23 Jul 2014

ANALYSIS - A framework for replacement, reduction and refinement needs to be established for the responsible use of antimicrobials along the supply chain.

 

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Wyckoff's Closing Grains: Corn Closed Lower

Wed, 23 Jul 2014

US - December corn futures closed down 3 1/2 cents at $3.68 Tuesday. Prices hit another new contract low and closed nearer the session low.

 

Jim Wyckoff's Morning Report: How Damaged are US-Russia Relations?

Tue, 22 Jul 2014

GLOBAL - There is a bit more investor and trader risk appetite in the market place Tuesday, as U.S. and some other major world stock indexes traded higher.

 

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Farmers Applaud Carbon Tax Repeal

Tue, 22 Jul 2014

AUSTRALIA - Australian farmers have applauded the Coalition Government for delivering on its election promise to repeal the carbon tax.

 

Wyckoff's Weekly Grain Outlook: Downward Pressure Across Grains

Tue, 22 Jul 2014

ANALYSIS - There's downward pressure across all the grains markets this week, reports Jim Wyckoff for TheCropSite

 

Research Identifies Machinery as the Largest Global Agri-Tech Sector

Tue, 22 Jul 2014

GLOBAL - A new report outlining the state of global agri-technology has been released this week showing machinery has been identified as the largest sector globally in terms of sales, employment and number of companies.

 

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£18M of Agri-Tech Funding for UK-led Projects

Tue, 22 Jul 2014

UK - The Agri-Tech Catalyst, in which BBSRC is a major investor, has awarded 15 agricultural innovation projects a share of £18M to help accelerate agricultural innovation and their commercial viability.

 

Wyckoff's Closing Grains: Corn Closed Lower

Tue, 22 Jul 2014

US - December corn futures closed down 6 cents at $3.72 1/2 Monday.

 

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Jim Wyckoff's Morning Report: Markets Still Wary of Russian Tensions

Mon, 21 Jul 2014

GLOBAL - Geopolitics remains on the front burner of the market place early this week. Last week’s downing of a Malaysian airliner on the Russia-Ukraine border and Israel’s ground offensive against Hamas on the Gaza strip are the dominant fundamentals in the markets Monday morning.

 

Addressing Corn Rootworm Disease Before it Takes Hold

Mon, 21 Jul 2014

ANALYSIS - Although the extent of corn rootworm (CRW) pressure in 2014 is yet to be determined, entomologists say planning this season for future rootworm populations is the best way to control the yield-robbing pest.

 

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North Korea Early Season Crops Affected by Dry Weather

Mon, 21 Jul 2014

NORTH KOREA - Harvesting of the 2014 early season’s potatoes and minor cereal crops of wheat and barley, is currently underway and will continue until the end of June.

 

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Favourable Prospects for Brazil Second Season Maize

Mon, 21 Jul 2014

BRAZIL - Harvest of the main 2014 second season “safrinha” maize crop is well advanced. Production forecasts have been revised upwards, due to a lower than earlier anticipated decline in plantings and better yields.

 

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Recommended List Responds to Changes in Winter Barley Market

Mon, 21 Jul 2014

UK - The Recommended List for winter barley will take two key steps to make sure it provides the best possible information to growers.

 

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NFU 'Delighted' at Defra’s £400 Million Food Procurement Plans

Mon, 21 Jul 2014

UK - Following the launch of Defra’s £400million ‘A Plan for Public Procurement’ (Monday), NFU Deputy President Minette Batters said the plan was a significant step in the right direction to Government backing British Farming.

 

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Jim Wyckoff's Morning Report: Markets React to Malaysia Airlines Plane Crash

Fri, 18 Jul 2014

GLOBAL - Geopolitics is back on the front burner of the market place late this week, and with a double-barrel blast.

 

VIDEO: UK Public is Urged to Support Our Bees Needs

Fri, 18 Jul 2014

UK - Five simple actions to help pollinators such as planting more bee-friendly flowers and cutting grass less often were promoted today to protect the vital contribution these insects make to our economy.

 

USDA Issues Bearish Crop Report

Fri, 18 Jul 2014

GLOBAL - The release of a bearish USDA report at the end of last week kept market sentiment firmly in a negative tone, with increased US/global wheat stocks and bigger US corn stocks, writes David Sheppard, Gleadell’s Managing Director.

 

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Copa-Cogeca Calls for Stronger Action to Combat Unfair Practices

Fri, 18 Jul 2014

EU - European agriculture sector organisation Copa-Cogeca has welcomed the fact that the European Commission has recognised that abusive and unfair practices are present in the food chain.

 

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NFU Asks for Clarity on Key Points Under Waters of US Rule

Fri, 18 Jul 2014

US - In a letter sent on Thursday (17 July) to US Environmental Protection Agency (EPA) Administrator Gina McCarthy, National Farmers Union (NFU) President Roger Johnson asked for more information about which bodies of water would be deemed jurisdictional under the proposed Waters of the United States (WOTUS) rule.

 

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Wyckoff's Closing Grains: Corn Closed Steady

Fri, 18 Jul 2014

US - December corn futures closed steady at $3.86 3/4 Thursday. Prices closed nearer the session low.

 

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Jim Wyckoff's Morning Report: Tensions Increase Between Russia and West

Thu, 17 Jul 2014

GLOBAL - In overnight news, the U.S. and European Union have slapped new and tough sanctions on Russia.

 

Indian Sugarcane Acreage Down by Two Per Cent in 2014-15

Thu, 17 Jul 2014

INDIA - Indian sugarcane acreage has estimated to be around 5.23 million hectares (ha) during 2014-15 sugar season, down by 2 per cent, as compared to the same period last year, Indian Sugar Mills Association (ISMA) said in a statement.

 

How Burdensome Are Corn Supplies?

Thu, 17 Jul 2014

US - Corn prices have been declining for almost two years following the peak price generated by the very small US crop in 2012. The recent sharp decline in prices has been associated with increasing prospects for a very large U.S. corn harvest again in 2014 following the record harvest of 2013, writes Darrel Good.

 

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Commitment to Renewables Slashes Fossil Fuel Costs

Thu, 17 Jul 2014

SCOTLAND, UK - A contemporary Borders family farming business that specialises in arable crops and free-range eggs has renewable energy generation at the heart of its successful operation.

 

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MEPs Commit to Backing British Farming

Thu, 17 Jul 2014

UK - NFU President Meurig Raymond has visited Strasbourg to rally support from MEPs to sign the ‘Back British Farming EU Pledge.’

 

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Wyckoff's Closing Grains: Corn Closed Higher

Thu, 17 Jul 2014

US - December corn futures closed up 4 cents at $3.85 3/4 Wednesday.

 

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Jim Wyckoff's Morning Report: No Concerns in Marketplace

Wed, 16 Jul 2014

GLOBAL - The somewhat surprising lack of concern in the market place regarding geopolitics has prompted better risk appetite in the market place this week.

 

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German Farm Economics 'Significantly Worse' than March

Wed, 16 Jul 2014

GERMANY – German agriculture is suffering from a downturn in grain, dairy and cattle prices, while a drop in input costs and improving pork markets are benefiting some producers.

 

US Corn Ave Yield Could Blow Out Records - 175 Bu/A is Possible

Wed, 16 Jul 2014

ANALYSIS - Matt Roberts, agricultural economist at The Ohio State University, said the current corn crop has set the foundation for average yields to bust through the record - he believes they could go as high as 174-175 bushels per acre, reports Sarah Mikesell, live from the Wyffels Hybrids Corn Strategies conference.

 

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India to Launch TV Channel for Farmers

Wed, 16 Jul 2014

INDIA - India will soon launch dedicated television channel for farmers soon, Indian finance minister, Arun Jaitley said while announcing the 2014-15 annual budget.

 

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Call for Better Data on Greenhouse Gas Emissions

Wed, 16 Jul 2014

UK - More dependable data is needed to understand the progress on greenhouse gas (GHG) emissions in farming, according to the Agricultural Industries Confederation (AIC).

 

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Jim Wyckoff's Morning Report: Markets Weaker Overnight

Tue, 15 Jul 2014

GLOBAL - A feature in the market place Monday was the tumble in gold prices. Gold bulls need to recover very quickly to avoid near-term chart damage.

 

Global Diets Are Changing, Increasing in Protein

Tue, 15 Jul 2014

GLOBAL - Cereals are still at the core of what people eat, but diets are becoming higher in protein, fats and sugar in many parts of the world as incomes rise and urbanisation increases, with a special focus on India according to the latest Agricultural Outlook produced by the OECD and FAO.

 

What Could Climate Change Mean for Agriculture?

Tue, 15 Jul 2014

GLOBAL – World agriculture must create short and long term adaptation strategies to cope with climate change accelerating the water cycle.

 

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EU Council Meeting Addresses Organic Farming Regulation

Tue, 15 Jul 2014

EU - At the 3328th Agriculture and Fisheries Council meeting on 14 July, participants discussed the strengthening of the regulatory framework for organic farming, the future of the milk sector and future fishing opportunities.

 

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Cereal Harvest To Be Lower For Czechs

Tue, 15 Jul 2014

CZECH REPUBLIC – A smaller cereal harvest is expected in the Czech Republic this year, according to initial estimates by the Czech Statistical Office.

 

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India Raises Farm Credit to $133 Billion during 2014-15

Tue, 15 Jul 2014

INDIA - In order to promote growth in agriculture sector, India has increased its farm credit during 2014-15 fiscal year period.

 

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Indian Farmers to Get Soil Health Card

Tue, 15 Jul 2014

INDIA - India will soon provide soil health card to all its farmers in the coming years that will make possible for farmers to improve productivity by wisely using inputs.

 

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Wyckoff's Closing Grains: Corn Closed Lower

Tue, 15 Jul 2014

US - December corn futures closed up 3 1/2 cents at $3.88 1/4 Monday. Prices hit another contract low today and then rebounded to close nearer the session high on tepid short covering in a bear market.

 

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Jim Wyckoff's Morning Report: Markets Slightly Weaker Overnight

Mon, 14 Jul 2014

GLOBAL - It was an uneventful trading affair overnight and to begin the trading week as the concerns about the European Union’s sovereign debt have quickly waned after a flare-up last week.

 

Wyckoff's Weekly Grain Outlook: Short-covering Across Grains Markets

Mon, 14 Jul 2014

ANALYSIS - Starting on Monday there's some short-covering evident across all the grains futures, reports Jim Wyckoff for TheCropSite.

 

Production Above Target Headed into Pollination

Mon, 14 Jul 2014

ANALYSIS - Bob Wyffels, VP Production with Wyffels Hybrids, said moisture and sunlight have been very good ahead of pollination which is expected over the next two weeks, reports Sarah Mikesell live from the Wyffels Hybrid Corn Strategies conference near Knoxville, Illinois, USA.

 

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Jharkand, Assam to get Agri Research Institute

Mon, 14 Jul 2014

INDIA - With a view to expand its agriculture research activities in the country, Indian finance minister, Arun Jaitley has said that government will establish two agriculture research institutions of excellence in Assam and Jharkhand with an initial sum of $17 million in the current financial year.

 

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EU Ag, Fisheries Committee to Discuss Organic Farming

Mon, 14 Jul 2014

EU - Among the topics on the agenda for discussion by the EU Agriculture and Fisheries Committee at a meeting in Brussels on 14 July will be a policy debate on organic farming.

 

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Integrated Approach 'Vital' to Reduce Food Waste and Loss

Mon, 14 Jul 2014

THE NETHERLANDS - Governments, international organisations, businesses and community agencies worldwide must create joint programmes to reduce food loss and waste (FLW), if they want to show that they are really committed to developing sustainable food systems.

 

Promising Outlook for Brazil 2014 Crops

Mon, 14 Jul 2014

BRAZIL - The production outlook for many of Brazil's most important agricultural crops in 2014 is extremely good, with the possibility of record-breaking levels for some, according to Rabobank's Brazil Agribusiness Outlook 2014.

 

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Namibia Crop Farming 'Needs A Review'

Mon, 14 Jul 2014

NAMIBIA - A review of reports and evaluations dating back as far as the early nineties must be carried out for everyone to re-visit the drawing board on crop farming in the northern communal areas, says Richard Shikongo, NCAP Coordinator for CLUSA.

 

Whole Animal Approach Propels New Thinking in Animal Welfare

Sun, 13 Jul 2014

ANALYSIS - Dr Francoise Wemelsfelder, animal behaviourist and welfare scientist, has developed scientific approaches for the study of animals as whole beings, bringing insights from philosophy of mind and social psychology and anthropology into the study of animal emotion.

 

Marketing and the Ethics of Big Food

Fri, 11 Jul 2014

In another edition of the MOFAD Roundtable series focused on honest dialogue about tough food issues, experts came together at NYU Steinhardt School of Culture, Education and Human Development to hash out the ethics of “big food” marketing, writes Øistein Thorsen, principal consultant, Benchmark Sustainability Science.

 

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Jim Wyckoff's Morning Report: Markets Firmer Overnight

Fri, 11 Jul 2014

GLOBAL - The market place is more at ease Friday morning, following the keener risk aversion that occurred Thursday due to renewed worries about the health of the European Union’s financial system—specifically a major bank in Portugal that is in trouble.

 

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India’s Food Grains, Oilseeds Estimates 264.4 MT in 2013-14

Fri, 11 Jul 2014

INDIA - Indian agriculture sector will see a record production of food grains and oilseeds in the year 2013-14, according to the Economic Survey for 2013-14, released on July 9, 2014.

 

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Coveney Launches Annual Review and Outlook for Agriculture, Food and The Marine

Fri, 11 Jul 2014

IRELAND - Exports of agri-food in 2013 were worth nine per cent more in 2013 than the year before, reaching a record of €10 billion, according to a new report from the agriculture department.

 

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Training in Grain Storage Rescues

Fri, 11 Jul 2014

US - First responders, farmers and grain elevator employees can receive training that could help save a life should someone become trapped in a grain storage structure.

 

Is Climate Change to Blame for Rising Problem of Charcoal Rot in Soybeans?

Fri, 11 Jul 2014

US - With over 100 diseases that can attack soybean crops, why would charcoal rot rise to the top of the most wanted list?

 

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EU Feed Production Slightly Higher in 2013

Fri, 11 Jul 2014

EU - Compound feed production in the EU-28 was 155 million tonnes in 2013, up slightly from the year before.

 

Wyckoff's Closing Grains: Corn Closed Lower

Fri, 11 Jul 2014

US - December corn futures closed down 5 1/2 cents at $3.92 1/2 Thursday.