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Crop Industry News By Category: Economics

26 November 2013
Proposed RFS Changes 'Bad for Economy and Environment'
US - The Global Renewable Fuels Alliance (GRFA) has reacted to the US Environmental Protection Agency’s (EPA) proposal to reduce its 2014 Renewable Volume Obligations (RVO) for the Renewable...
22 November 2013
Could Expanding Livestock Production Add Value to Corn?
US - An expanding livestock production sector could add value to corn in coming months - welcome news for growers who saw corn and soybean prices fall in the wake of an EPA-proposed decrease...
MEPs Approve Greener and Fairer Agricultural Policy
EU - A deal with the Council on five legislative acts reforming EU farm policy has been endorsed by Parliament. The post-2013 Common Agricultural Policy (CAP) will put more emphasis on environmental...
Canada, Quebec Governments Announce Six Million Dollar Investment
CANADA - The Honourable Gerry Ritz, Canada’s Minister of Agriculture and Agri-Food, and the Honourable François Gendron, Quebec’s Deputy Premier and Minister of Agriculture, Fisheries and...
Is Income Set to Become Dominant Driver of Global Food System?
US - Per capita income is set to eclipse population growth as the dominant driver of change in the global food system, says a Purdue researcher noted for his work on the economic impacts of global...
20 November 2013
European Parliament Approves Budget
EU - After months of complex negotiations, the European Parliament has given its blessing to the EU's long-term budget for 2014-2020....
Government of Canada Helps Grain Industry Explore New Trade Opportunities
CANADA - Canada's seed industry is getting a boost to its efforts to promote trade and reduce non-tariff trade barriers thanks to an investment by the Government of Canada. ...
19 November 2013
CME: Corn Futures Closed Lower Monday
US - December Corn finished down 10 at 412, 10 1/2 off the high and 1/2 up from the low. March Corn closed down 9 1/2 at 421. This was 1/2 up from the low and 9 3/4 off the high....
18 November 2013
Wyckoff's Weekly Grain Forecast: Focus Shifts to South America
ANALYSIS - As the US harvest nears it's end, focus shifts to planting in South America, reports Jim Wyckoff for TheCropSite....
Wyckoff's Closing Grains: Corn Closes Lower
US - March corn futures closed down 9 1/2 cents at $4.21 Monday. Prices closed near the session low and hit a fresh contract low....
Jim Wyckoff's Morning Report: EPA Proposals Bearish Weight on Corn
GLOBAL - Amid a quieter geopolitical front, the economic report highlights for this week appear to be the German ZEW business survey on Tuesday and the U.S. Federal Reserve’s FOMC minutes...
16 November 2013
Grain Hedge: Markets Turn Focus to Demand after USDA Reports
ANALYSIS - Last Friday, the USDA released its production and supply/demand estimates for the month of November, writes analysts at Grain Hedge. ...
Rising Barge Rates Hammer Soybean Basis on River System
ANALYSIS - This week, GeoGrain saw basis across the US stay mostly unchanged for corn, but fall by 2 ½ cents for soybeans. ...
15 November 2013
Jim Wyckoff's Morning Report: Markets Mixed Overnight
GLOBAL - The market place is still buzzing about the “dovish” remarks made Thursday by Federal Reserve Chair nominee Janet Yellen to the U.S. Senate Banking Committee....
Crop Inputs and Dairy Perform Well For Land O'Lakes
US – Agribusiness company Land O’Lakes has reported strong earnings across dairy and crop inputs brands for the third quarter....
13 November 2013
Wyckoff's Grains Outlook: Corn Has a Bullish Key Reversal
ANALYSIS - The key reversal is an early technical clue that corn has put in a market bottom, writes Jim Wyckoff, grain analyst for TheCropSite.com....
12 November 2013
Farmers Must Be More Innovative, Says Prime Minister
MALAYSIA - Prime Minister Datuk Seri Najib Tun Razak wants farmers, livestock breeders and fishermen to be more innovative and progressive to boost income and their standard of living....
11 November 2013
Corn, Soybean Futures Gain Following Not-So-Bearish USDA Report
US - Corn and soybean futures saw solid short-covering bounces Friday following a midday USDA report that was not as bearish as many grain traders had feared before the report's release....
CME: Corn Futures Closed Higher Friday
US - December Corn finished up 6 1/4 at 426 3/4, 2 3/4 off the high and 11 1/4 up from the low. March Corn closed up 6 3/4 at 438 1/4. This was 11 1/2 up from the low and 2 1/2 off the high....
Corn Crops Expected to Set Record, but Not as Large as Anticipated
US - The U.S. corn crop is projected to reach record production this year but won't be quite as large as initially expected because heavy spring rain in parts of the country prevented some acres...
08 November 2013
Jim Wyckoff's Morning Report: Traders Await Employment Report
GLOBAL - Traders and investors are awaiting Friday morning’s U.S. employment report for October....
CME: Corn Futures Closed Lower Thursday
US - December Corn finished down 3/4 at 420 1/2, 3 3/4 off the high and 1 1/2 up from the low. March Corn closed unchanged at 431 1/2. This was 1 1/2 up from the low and 3 off the high....
Agritechnica 2013: Ag Digital Unveiled
GERMANY - Ag Digital, the free publication highlighting Agritechnica 2013, is now available to download....
Research to Strengthen Harper Wheat Sector
CANADA - Agriculture Minister Gerry Ritz announced today on behalf of the Harper government the strengthening of Canada's grain industry with support for a new wheat cluster under the Growing...
07 November 2013
Arable and Mixed Farm Incomes Drop
UK - Income on arable, cattle and sheep enterprises fell over the 2012/13 financial year while income more than doubled on poultry farms and increased eight per cent on pig units....
05 November 2013
Jim Wyckoff's Morning Report: Markets Steady to Firmer Overnight
GLOBAL - Economic news out of China overnight showed its services PMI rose to 52.6 in October from 52.4 the previous month. This continues a string of mostly upbeat economic data coming out...
Good UK Summer Buoys Supplies but Balance Remains Tight
UK - With some Member States starting to publish provisional harvest estimates for 2013 and with much improved weather in the summer months, the total market year (MY) 2013/14 EU-28 grain crop...
04 November 2013
Wyckoff's Closing Grains: Corn Closes Lower
US - December corn futures closed down 1 cent at $4.26 1/4 Monday. Prices closed nearer the session low and hit another fresh three-year low today. ...
CME: Corn Futures Closed Lower Friday
US - December Corn finished down 1 at 427 1/4, 2 1/2 off the high and 1 1/2 up from the low. March Corn closed down 1 3/4 at 437 1/2. This was 1 1/4 up from the low and 2 1/2 off the high....
Wyckoff's Weekly Grain Forecast: Mixed Prices at Start of Week
ANALYSIS - All eyes are on this week's USDA Crop Production report, to gauge the size of the corn and soy crops, reports Jim Wyckoff for TheCropSite....
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