Markets/Economics Latest News
Monday, May 21, 2012
CME: Corn Futures Closed Higher Friday US - July Corn finished up 10 1/2 at 635 1/2, 3 off the high and 16 up from the low. December Corn closed up 8 3/4 at 537. This was 15 up from the low and 5 1/2 off the high.
Australian Sugar Industry Continues Recovery AUSTRALIA - The Australian sugar industry continues its recovery from the severe weather events of the last few years. Sugarcane area for 2012/13 is forecast at 380,000 hectares, the highest...
UK Farmers Enjoy Boom as Economy Suffers UK - If there's one green shoot that continues to grow and has the potential to help kick-start Britain’s economic recovery then it's farming, according to the National Farmers Union (NFU)...
US Barley Production Advances in 2012/13 US - The 2012/13 US barley crop is projected at 200 million bushels, up from last season’s 156 million due to higher acreage moderated by slightly lower expected yields.
Weather Damage to Bulgarian Crops Assessed BULGARIA - Bulgaria experienced challenging weather this past autumn and winter that stymied seeding operations and brought record low temperatures, snowfall and extensive winterkill.
Sunday, May 20, 2012
GeoGrain: Basis for Spot Corn Delivery Up Three Cents Last Week US - Basis for spot corn delivery has continued to strengthen across the country, up three cents in the last week.
Friday, May 18, 2012
CME: Corn Futures Closed Higher Thursday US - July Corn finished up 5 at 625, 1 1/2 off the high and 9 up from the low. December Corn closed up 2 at 528 1/4. This was 5 1/4 up from the low and 2 3/4 off the high. July corn closed higher...
Fixing Single Farm Exchange Rate Removes Euro Uncertainty UK - Farmers electing to take their support payments in Sterling in their recently completed SPS 2012 application forms should now seek advice on the merits of fixing the exchange rate.
Wheat Production Down in 2012/13, Still Fourth Largest on Record GLOBAL - World wheat production in 2012/13 is projected to fall to 677.6 million tons, down 17.1 million, or 2.5 per cent from last year’s record of 694.6 million tons. Foreign wheat production...
India Sugarcane Expected to Continue Strong Growth INDIA - Sugarcane production in India for 2012/13 is expected to continue its strong growth for the third consecutive year. Sugarcane area plantings are expected to expand 3 per cent to 5.25...
Australian Agriculture Shares A$70 Million in Research Grants AUSTRALIA - Over 100 research and demonstration projects across the country will share in A$72.5 million as part of the Gillard Government’s first round of Filling the Research Gap and Action...
Compensation Agreed for Stuttering US Canola Project US - Biofuel producer and distributor Whole Energy Fuels (WEF) is to compensate Snohomish County, Washington State for services and goods it didn’t deliver for a canola project.
Thursday, May 17, 2012
CME: Corn Futures Closed Higher Wednesday US - July Corn finished up 22 3/4 at 620, 3/4 off the high and 29 1/4 up from the low. December Corn closed up 11 3/4 at 526 1/4. This was 19 up from the low and 1 3/4 off the high. July corn...
Record Feed Grain Production Projected for 2012/13 US - Feed grain production for 2012/13 is projected at 390 million metric tons, up from 324 million the previous year.
Colombia Sugar Increases as Ethanol Production Rises COLOMBIA - Colombian sugar production in 2011/12 reached 2.31 mmt. Although the La Niña weather pattern extended into 2011, precipitation in the Cauca Valley, where sugarcane is produced, was...
South African Sugar Recovers from Drought SOUTH AFRICA - South Africa is recovering from two consecutive years of drought in its Kwazulu Natal province, where 75 per cent of all its sugarcane is grown. With the return of seasonal rainfall...
22 Hours of Grain Trading; Industry Says Slow Down ANALYSIS - Starting May 20, 2012 (trade date May 21, 2012), the CME Group is slated to expand its electronic trading hours in its Chicago Board of Trade (CBOT) grain, oilseed and ethanol...
US Wheat: Supplies Up, Prices Down US - The 2012/13 outlook for US wheat is for larger supplies and use, but lower prices. All wheat production is projected at 2,245 million bushels, up 12 per cent from last year’s weather-reduced...
US Sorghum Production Set to Bounce Back in 2012/13 US - The 2012/13 sorghum crop is projected to rise to 335 million bushels.
Wednesday, May 16, 2012
Outlook Conference Examines Future of UK Agriculture ANALYSIS – There are some signs of improvement in the UK economy, according to an agricultural economist speaking at the UK Outlook Conference last week, reports senior editor, Jackie Linden....
CME: Wheat, Soy Futures Closed Higher Tuesday US - July Soybeans finished up 26 at 1413, 2 3/4 off the high and 33 up from the low. November Soybeans closed up 10 1/4 at 1305. This was 14 1/2 up from the low and 7 1/4 off the high.
China Cotton Production Forecast Down by Nine Per Cent CHINA - China cotton production for 2012/13 is forecast at 30.5 million bales (6.64 million tons), down 3.0 million or 9 per cent from last year. The forecast area of 5.0 million hectares is...
Russia Grain: Historical Area Estimates Revised RUSSIA - USDA has revised its series of grain area estimates, beginning with 1990/91, to reflect harvested area. Previous estimates were based on sown-area data from Rosstat, the State Statistical...
India: GM Crops 'Need of the Hour', Say Experts INDIA - Genetically Modified (GM) seeds are the need of the hour to bolster farm production in the face of rising demand, and a way to match productivity of countries such as China and Vietnam,...
Tuesday, May 15, 2012
CME: Corn Futures Closed Higher Monday US - July Corn finished up 2 at 583, 3 3/4 off the high and 6 3/4 up from the low. December Corn closed up 1/4 at 505 1/2. This was 2 1/4 up from the low and 7 1/4 off the high. July corn closed...
Sri Lanka Becomes Maize Exporter SRI LANKA - Sri Lanka which used to produce only 15 per cent of the country’s maize requirement has achieved self sufficiency in maize and the first 50,000 Metric Tonnes are to be exported...
Corn Market Direction Unfolding, Magnitude Still Uncertain US - The USDA’s projections of US and world corn and feed grain supply and demand conditions presented in the May WASDE report set the benchmark by which the corn market will judge unfolding...
Brazil's Sugarcane Future Looks Uncertain BRAZIL - As sugar prices are on track for a 20-month low, questions are being raised over Brazil's future as a major leader in the sugar and ethanol industries.
Spain's Farmers, Ranchers Ask for Drought Allowances SPAIN - Debt and unemployment aren't the only economic worries for Spain - their agricultural sector continues to be battered by Mother Nature.
Monday, May 14, 2012
CME: Corn Futures Closed Lower Friday US - July corn saw a late-day bounce but still closed 6 1/2 cents lower on the session and down 39 1/4 cents for the week. Funds were noted as active sellers for the third day in a row.
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