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Crop Industry News By Category: Economics

13 August 2013
Jim Wyckoff's Tuesday Closing Grains: Corn Hits Fresh 2.5 Year Low
US - December corn futures closed down 16 3/4 cents at $4.47 1/4 Tuesday. Prices closed nearer the session low and hit another 2.5-year low. ...
Grain Analyst: Reports Slow Downside Momentum
ANALYSIS - Rich Nelson, chief strategist with Allendale, Inc., shares results from Monday's USDA reports. He also discusses acreage estimates for frost risk, writes Sarah Mikesell, TheCropSite...
Purdue Experts: USDA Predicts Bin-busting Corn, Soybean Yields
US - The U.S. Department of Agriculture on Monday (Aug. 12) predicted the nation's largest corn crop in history and the third largest soybean crop - a stark contrast from a year ago when crops...
WASDE Report: Rice Yield Forecast Increased
US - US total rice supplies for 2013/14 are projected at 238.4 million cwt, up 2.9 million from last month, according to Monday's World Agricultural Supply and Demand Estimates (WASDE) report....
Wyckoff's Weekly Grain Forecast: Corn May Have Hit Bottom
ANALYSIS - Jim Wyckoff, grain analyst for TheCropSite, said that given Monday's bullish USDA supply and demand report, the corn market may have seen its low. ...
12 August 2013
Jim Wyckoff's Monday Closing Grains: Grains Rally off USDA Report
US - December corn futures closed up 11 1/2 cents at $4.64 3/4 Monday. Prices closed nearer the session high after hitting another 2.5-year low early on. ...
Special Report: Monthly USDA Data Bullish for Corn, Soybeans
US - Corn futures rallied at midday Monday, in reaction to USDA's latest monthly supply and demand report for August. The government data showed a lower-than-expected US corn crop forecast, writes...
09 August 2013
Structural Changes Emerging In Mexico's Corn Market
MEXICO - Rabobank has published a new report identifying structural changes that are emerging in the Mexican corn market, resulting from constraints in the growth of corn production....
Significant Improvement in Cargill Earnings
US – Global meat and agrifood business Cargill has reported net earnings of $483 million in the fourth quarter of the 2013 financial year ended 31 May. ...
08 August 2013
DuPont Acquires Pannar Seed
SOUTH AFRICA - US developer of advanced plant genetics DuPont Pioneer has acquired majority ownership in Pannar, a South Africa-based seed company with operations throughout Africa and in other...
07 August 2013
Cargill Australia to Buy Joe White Maltings
AUSTRALIA - Cargill Australia Limited has confirmed that Glencore International has accepted its offer to buy Joe White Maltings. ...
05 August 2013
US Policy Expert on Mega Trend Changers, Economy, Immigration Reform
ANALYSIS - Jim Wiesemeyer, senior VP, Farm and Trade Policy for Informa Economics, said that during his 36 years in Washington covering policy, there were two fundamental game changers – what...
02 August 2013
USDA Weekly Grain Update: Corn, Soy See Sharp Declines, Wheat Higher
US - Compared to last week, grain and soybean bids closed lower with wheat trading higher....
Do Consumers Really Care about Provenance?
ANALYSIS - This week in the UK a row has erupted between two of the heavyweights in British supermarkets – Tesco and Sainsbury. In the middle is the British Advertising Standards Authority,...
01 August 2013
Advanced Biofuels Competition Welcomed
UK - The Renewable Energy Association (REA) has welcomed the launch of a £25 million government competition to drive forward the development of advanced biofuels in the UK. ...
31 July 2013
Corn Harvest Begins in Southern US
ANALYSIS - Grain futures were mixed to start the day with spreading a dominating market mover. Buying old crop, selling new crop corn is again being supported by tight supplies, writes Paul Georgy,...
30 July 2013
Jim Wyckoff's Tuesday Closing Grains: Soybeans Hits Fresh 2.5-Year Low
US - December corn futures closed up 3 1/2 cents at $4.76 3/4 Tuesday. Prices closed near mid-range and saw short covering in a bear market. ...
CME Group Announces Australian Dollar-Denominated Wheat Swaps
AUSTRALIA - CME Group has announced the launch of two new centrally cleared, over-the-counter (OTC) wheat swaps to be denominated in Australian dollars (AUD)....
29 July 2013
Jim Wyckoff's Monday Closing Grains: No Bottom In Sight for Corn
ANALYSIS - December corn futures closed up 2 3/4 cents at $4.73 1/4 Monday. Prices closed nearer the session low and hit another fresh 2.5-year low. ...
Wyckoff's Weekly Grain Forecast: Cool Midwest Temps Bring Bearish Start
ANALYSIS - Grain analyst Jim Wyckoff said the cool temperatures in the Midwest are giving the grain markets a bearish start to the week, although short-covering is expected in the near-term,...
Who Should Set Food Safety, Health, Welfare Rules in the EU?
UK - A new government report of the roles of the EU and the national government in legislating for animal health and welfare and food safety indicates overall support for the current balance,...
26 July 2013
Ethiopia Development Organisation Recognised for Cooperative Work
ETHIOPIA – Economic development organisation ACDI/VOCA has been recognised by the national government for efforts to develop agricultural cooperatives....
25 July 2013
Jim Wyckoff's Thursday Closing Grains: Bear Market Continues to Roll
US - December corn futures closed down 2 cents at $4.78 1/4 Thursday. Prices closed near mid-range today and hit another fresh 2.5-year low. ...
Monsanto Focus on Conventional Breeding in Europe
EU - Monsanto is to invest several hundred million dollars in Europe over a decade to expand their conventional seed production and breeding. By doing so, Monsanto will retain all pending genetically...
€10.5M Call for Food Security and Land-use Research Launched
UK - A €10.5 million call to fund research into food security and land-use change has been launched by the Belmont Forum and the Agriculture, Food Security & Climate Change Joint Programming...
Investment in Research for Canada's Canola Sector
CANADA - Canadian canola growers will benefit from a substantial new investment in research and innovation by the Harper Government. Agriculture Minister Gerry Ritz has announced a Growing Forward...
Flooded Farmers Have More Time to Apply for Assistance
AUSTRALIA - This extension on flood relief applies to Category C and D assistance under the Natural Disaster Relief and Recovery Arrangements (NDRRA)....
Record US Corn Production Expected to Improve Pork Industry Profitability
US - An agricultural economist with the University of Missouri expects record US corn production to result in greatly improved profitability for North American pork producers, Bruce Cochrane...
24 July 2013
Jim Wyckoff's Wednesday Closing Grains: Corn Hits Fresh 2.5-Year Low
US - December corn futures closed down 5 1/4 cents at $4.80 1/4 Wednesday. Prices closed near the session low again today and hit another fresh 2.5-year low. ...
Rothamsted Research, Syngenta Agree £5M Partnership
UK - Rothamsted Research and Syngenta have agreed to form a multi-million pound scientific research partnership focused on Rothamsted's 20:20 Wheat BBSRC Strategic Programme, which aims to increase...
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