World 2011/12 corn production is forecast up 8.5 million tons this month to a record 868 million tons, mostly due to a large increase in China’s production based on recently published government estimates.
The United States is selling soybean oil to foreign markets at the slowest pace since 2005/06. Consequently, exports for the full year are forecast to plunge to less than half the level reached in the previous two years.
Australia poised to harvest a consecutive record wheat crop of 26.0 million metric tons (MMT), according to the USDA Foreign Agricultural Service.
Wheat production in Argentina is forecast to be 13.0 million metric tons (MMT), lower than USDA's number as a result of dry weather during winter affecting key production areas, according to the USDA Foreign Agricultural Service
A sorghum hybrid that does not flower and accumulates as much as three times the amount of stem and leaf matter may help the bioenergy industry, according to a study appearing today in the Proceedings of the National Academy of Sciences.
Protein meal use in China (on a soybean meal equivalent (SME) basis) is expected to nearly double the level of just 7 years ago, driven by the growing use of commercial feed in the expanding swine, poultry, and aquaculture sectors.
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