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Crop Industry News By Category: Economics

06 September 2013
FAO Food Price Index Continued to Fall
GLOBAL - The FAO Food Price Index averaged 201.8 points in August 2013, nearly four points (1.9 per cent) below its July value and 11 points (or 5.1 per cent) less than in August 2012. ...
05 September 2013
Jim Wyckoff's Thursday Closing Grains: Corn Bears Back in Command
US - December corn futures closed down 8 1/2 cents at $4.61 Thursday. Prices closed nearer the session low and hit a three-week low. ...
Domestic RHI to Boost Uptake of UK Renewables
UK - The UK is committed to generating 15 per cent of its energy mix from renewables by 2020; the expectation published in the Renewable Energy Strategy in 2009 was for over 30 per cent of power,...
Poorer Farmers in the Sahel Require Urgent Funding
SAHEL, AFRICA - About 11 million people in the Sahel are still severely food insecure, FAO warned. Poor families have used up their food stocks and are facing high food prices awaiting the next...
03 September 2013
Jim Wyckoff's Tuesday Closing Grains: Soybeans Closed Sharply Higher
US - December corn futures closed down 6 3/4 cents at $4.75 1/4 Tuesday. Prices closed nearer the session low and scored a bearish “outside day” down on the daily bar chart. ...
Wyckoff's Weekly Grain Forecast: Hot, Dry Weather Impacts Soybeans
ANALYSIS - Grain analyst Jim Wyckoff says a return to higher Midwest temperatures this week with little chance for precipitation is expected to be bullish for soybeans this week, writes Sarah...
02 September 2013
MAIZALL: Exporters Alliance Swinging Into Action
GLOBAL - MAIZALL is on the move. Earlier this year, the U.S. Grains Council joined the National Corn Growers Association, and MAIZAR and ABRAMHILO, the leading corn producer's organizations in...
28 August 2013
Minister Coveney Must Invest in Agriculture, Says IFA
IRELAND - Speaking at the Iverk Show in Kilkenny on Saturday (24 August), IFA President John Bryan said the Minister for Agriculture Simon Coveney must focus on defending his Department’s allocation...
Indiana's Farmland Values Up Again in 2013
US - Last year's drought did little to slow the pace of rising farmland values and cash rents. They are up this year in a big way again, according to a Purdue University study....
27 August 2013
Farm Progress Show: Economist Explains China's Strategy to Feed Population
ANALYSIS - Farmers came out today in the 90 F temperatures to see what information and innovations were on display at the Farm Progress Show, held in Decatur, Illinois, USA, reports Sarah Mikesell,...
23 August 2013
Investment for Quebec’s Initiatives in Ag and Agri-Food Sector
CANADA - Gerry Ritz, federal Minister of Agriculture and Agri-Food, and François Gendron, Deputy Premier of Quebec and Minister of Agriculture, Fisheries and Food, announced the launch of Growing...
22 August 2013
Jim Wyckoff's Thursday Closing Grains: Lower; Rain Makes Grain
ANALYSIS - December corn futures closed down 18 1/2 cents at $4.65 Thursday. Prices closed near the session low today. ...
Subsidies to Further Develop Livestock, Crop Production
RUSSIAN - Russian Deputy Minister of Agriculture Igor Manylov has announced a distribution of subsidies to provide economic support to crop and livestock production....
21 August 2013
Jim Wyckoff's Wednesday Closing Grains: Corn Closes Higher
ANALYSIS - December corn futures closed up 7 3/4 cents at $4.83 1/4 Wednesday. Prices closed nearer the session high today. ...
Food Price Index Falls for a Third Month
GLOBAL - The FAO Food Price Index averaged 205.9 points in July 2013, 4 points (nearly two per cent) below its revised value for June and 7 points (or 3.3 per cent) lower than in July 2012. ...
20 August 2013
Jim Wyckoff's Tuesday Closing Grains: Lower on Profit-taking, Corrective Pull-back
US - December corn futures closed down 9 cents at $4.76 1/2 Tuesday. Prices closed nearer the session low today on profit taking and a corrective pullback from recent strong gains. ...
Grain & Hay Report: BIG Grain Crop Expected in Northern Hemisphere
AUSTRALIA - For the week ending 16 August 2013, USDA confirmed that there's a BIG grain on the way in the northern hemisphere for 2013/14 - which more than likely will drive grain prices lower...
RMB 500 million Grant for Agricultural Development
CHINA - The Chinese government is to provide RMB 500 million to support agricultural modernisation in eight provinces. ...
Pricing Platform Graindesk Mobile App Tracks Growers’ Grain Contracts
US - With more growers relying on mobile technology for their daily farming operations, Farms Technology, LLC, a wholly owned subsidiary of DuPont Pioneer, has upgraded its Dynamic Pricing PlatformSM...
19 August 2013
Jim Wyckoff's Monday Closing Grains: Higher on Dry Forecast
US - December corn futures closed up 22 cents at $4.85 1/2 Monday. Prices closed near the session high today and hit a fresh four-week high on heavy short covering and more bargain hunting. ...
Wyckoff's Weekly Grain Forecast: Dry Weather Supports Corn, Soy
ANALYSIS - Corn market bulls need to work a little harder to suggest a long-term upward price trend, according to grains analyst Jim Wyckoff....
Farm Energy Boosted with Efficiency Projects
US - Agriculture Secretary Tom Vilsack has announced funding for 631 projects across the nation - including 45 in North Carolina - that will help agricultural producers and rural small businesses...
18 August 2013
Have The Soft Commodities Bottomed?
ANALYSIS - Cotton futures continued their bullish momentum settling last Friday at 88.93 and going out this Friday at 93.40 up 450 points for the week, writes Michael Seery of Seery Futures....
17 August 2013
USDA Weekly Grain Update: Demand, USDA Report Offer Support
US - Compared to last week, grain and soybean bids closed mixed, but the market saw support from the bullish USDA report. ...
16 August 2013
GeoGrain: Rising Barge Rates Limit River Basis
US - Cash market volatility continued this week as tight near-term supplies combined with an outlook for ample production in the coming months keep buyers moving basis erratically....
15 August 2013
Wyckoff's Thursday Closing Grains: Corn Has Fresh Upside Momentum
US - December corn futures closed up 17 cents at $4.72 1/4 Thursday. Prices closed near the session high today on heavy short covering and fresh bargain hunting. ...
USDA: Developing Countries to Lead Global Rice Import Growth
GLOBAL - Demand for rice in developing countries will drive global rice trade in the next decade until 2022 with about 97.9% of rice import growth coming from countries in Latin America, Asia...
NFU Announces Support for AWB Transition
UK - NFU members are being urged to avoid being caught out by new employment legislation by referring to a new NFU post-AWB employer information pack which was published yesterday (14 August)....
14 August 2013
Jim Wyckoff's Wednesday Closing Grains: Corn Closes Higher
US - December corn futures closed up 7 1/4 cents at $4.54 1/4 Wednesday. Prices closed near the session high today on short covering. ...
ISU Economists Have Cautious Message for Farmers
US - Iowa State University economists are cautioning farmers to be prepared for a potential downturn in the values of commodities and land....
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