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Crop Industry News By Category: Economics

15 January 2014
Jim Wyckoff's Morning Report: Markets Mixed Overnight
GLOBAL - A better-than-expected reading on monthly U.S. retail sales reported on Tuesday helped to sink the gold and silver markets and boost the U.S. stock market. ...
14 January 2014
Corn Consumption Exceeds Expectations, Now What?
US - The USDA crop reports released on January 10 revealed some important fundamental information for the corn, soybean, and wheat markets. As always, the reports contained a few surprises relative...
13 January 2014
Wyckoff's Closing Grains: Corn Closes Higher
US - March corn futures closed up 1 1/2 cents at $4.32 1/4 Monday. Prices closed nearer the session high and hit a three-week high today....
Jim Wyckoff's Morning Report: Markets Mixed Overnight
GLOBAL - Traders continue to digest last Friday’s much-weaker-than-expected U.S. jobs report, which begins to suggest the Federal Reserve pay have to taper its just-implemented tapering program....
Wyckoff's Weekly Grain Forecast: Traders Digest Friday's USDA Report
ANALYSIS - Corn stocks in the US as of December 1 stood at 10.426 billion bushels, compared to 10.77 billion bushels expected by the trade, reports Jim Wyckoff for TheCropSite....
Bold Targets for Canada's Canola Sector
CANADA - The Canola Council of Canada (CCC) has announced a new 10-year plan to capitalize on the world’s growing appetite for healthier oils and protein....
Rising Input Costs Erode Price Gains for Irish Farmers
IRELAND - The Outlook/Review 2014 undertaken by IFA Economist Kevin Kilcline shows that National Farm Income in 2013 is estimated to have risen by 2.4 per cent on 2012. ...
10 January 2014
Jim Wyckoff's Morning Report: Markets Mixed Overnight
GLOBAL - Arguably the most important economic report of the month is Friday morning’s monthly U.S. jobs report. ...
Corn Rallies Sharply, Soybeans Up, Wheat Sinks Following USDA Reports
ANALYSIS - Corn futures rallied strongly after smaller-than-expected grain stocks and production figures, and a record first-quarter usage pace, writes Jim Wyckoff for TheCropSite. ...
Cargill's CEO Reports Solid Second-quarter Performance
US - Cargill has reported its second-quarter fiscal 2014 results, which include net earnings up 36 per cent from a year ago and its Animal Nutrition and Proteins division contributing significantly...
Grain Analysts Share Outlook of USDA Expectations
ANALYSIS – The CME Group hosted three grain analysts who shared corn, soybean and wheat industry expectations ahead of the slew of USDA reports to be released on Friday, reports Sarah Mikesell,...
Support for Canada Canola Sector’s Strategic Vision
CANADA - Agriculture Minister Gerry Ritz has expressed the Government’s support for the Canola Council of Canada’s new strategy to expand production and grow markets....
09 January 2014
Jim Wyckoff's Morning Report: Markets Mixed Overnight
GLOBAL - With Wednesday’s Federal Reserve’s FOMC minutes out of the way with no major revelations, focus turns to Thursday’s European Central Bank and Bank of England monthly meetings....
Harper Government Boosts Winter Wheat Research
CANADA - Parliamentary Secretary Pierre Lemieux announced an investment of up to C$422,000 to the Ontario Cereal Industry Research Council (OCIRC) to research winter wheat gluten quality....
Help for Food Processors to Reach Export Markets
CANADA - On behalf of Agriculture Minister Gerry Ritz, Parliamentary Secretary Pierre Lemieux (Glengarry—Prescott—Russell) and Member of Parliament Chungsen Leung (Willowdale) announced today...
08 January 2014
Jim Wyckoff's Morning Report: Markets Mixed Overnight
GLOBAL - The headline risk in the market place picks up Wednesday as the Federal Reserve’s FOMC minutes are released in the afternoon. ...
OFC: CAP Offers New Market Orientation for Farming Sector
UK - The reforms of the Common Agricultural Policy have been based on a new market orientation, sustainability and public and private input across the policy, writes Chris Harris from the Oxford...
Chief Minister Seeks to Carry Crop Insurance Premium Burden
INDIA - Tamil Nadu chief minister recently recommended the Centre and state government carry the premium burden of over and above 2 per cent of the sum insured under the National Crop Insurance...
07 January 2014
Jim Wyckoff's Morning Report: Markets Weaker Overnight
GLOBAL - Traders are still buzzing about Monday morning’s “mini flash crash” in gold futures prices that lasted about one minute. The CME Group said an erroneous trade in Comex gold futures...
Farmers Must Change Mind Set to Grow Food Sustainably
UK - Farmers need a new mind set to be able to grow and produce food sustainably and profitably, writes Chris Harris, from the Oxford Farming Conference....
Chinese Food Prices Stay Steady
CHINA - The price of food stuffs in China was steady during the last week of December, according to a survey of 36 medium and large cities carried out by the Ministry of Commerce....
06 January 2014
Jim Wyckoff's Morning Report: Markets Firmer Overnight
GLOBAL - For many traders and investors, this is their first day back at work after a long holiday break. ...
Wyckoff's Weekly Grain Forecast: Selling Pressure Impacts Grain Markets
US - The week starts with some short covering in the grain markets, following recent selling pressure, reports Jim Wyckoff for TheCropSite....
02 January 2014
Jim Wyckoff's Morning Report: Corn Closed Lower Tuesday
GLOBAL - The March NASDAQ 100 was lower overnight as it followed Europe’s lead lower. Stochastics and the RSI are overbought and are turning neutral to bearish hinting that a short-term top...
RIN Update: 2014 Carry In and EPA's Proposed Rulemaking
US - The EPA released proposed rules for the 2014 Renewable Fuel Standard (RFS) in November. The rules reduce both the total advanced and renewable mandate components, not only below the statutory...
31 December 2013
Program Supports Economic Development in Ag Sectors
CANADA - Under Growing Forward 2, Canada and Manitoba are partnering to fund a new program, Growing Adaptation, which will help farmers and food processors build water infrastructure and prepare...
30 December 2013
Jim Wyckoff's Morning Report: Corn Lower Overnight
GLOBAL - The March NASDAQ 100 was slightly higher overnight as it consolidates some of last Friday’s setback. ...
Price of Chinese Agricultural Products Shows Slight Increase
CHINA - The market price for agricultural food products in China rose slightly over the week of 16-22 December according to a survey carried out by the Ministry of Commerce in 36 large and medium...
Australian White Paper to Boost Productivity
AUSTRALIA - The Australian Government is developing a White Paper to boost agriculture’s productivity and profitability....
24 December 2013
Cotton and VAT Tax in Mexico's Maquiladora Industry
MEXICO - Mexico continues to make strides in its production and commercial capacity. Currently, Mexico is one of the leaders in cost effective manufacturing, along with China and India....
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