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Crop Industry News By Category: Economics

04 June 2013
Wyckoff's Weekly Update: Weather Drives Soybean Market
ANALYSIS - Jim Wyckoff, TheCropSite grain analyst, reports on expectations for the corn, soybean and wheat markets. Weather will continue to impact soybean planting this week as rain is forecast...
Agribusiness Logistics in Brazil – the Road to Ruin?
BRAZIL - 2013 is likely to be a very difficult year for agribusiness logistics in Brazil. Transport costs in the country have risen significantly due to three factors: new legislation impacting...
03 June 2013
Jim Wyckoff's Monday Closing Grains: Soybeans Sharply Higher on Weather
US - July corn futures closed down 6 1/4 cents at $6.55 3/4 Monday. Prices closed near mid-range and scored a bearish “outside day” down on the daily bar chart. ...
01 June 2013
Grain Hedge: Markets Remain Range Bound Amid Demand, Weather Concerns
US - Demand concerns continue to drive old crop corn, soybean, and wheat prices while the weather remains the driving force behind new crop prices. ...
GeoGrain: Soybean Basis Has Follow Through Weakness
US - Last week’s 50-cent plunge in spot soybean basis seemed to lose some steam this week, but there was still continued weakness....
30 May 2013
How Germany is Restricting Harvest Losses
ANALYSIS - Germany loses about 3.3 per cent of its wheat crop each year because of pests, bad handling and poor storage, writes Chris Harris. ...
29 May 2013
Jim Wyckoff's Wednesday Closing Grains: Soggy Weather Limits Selling Interest
US - July corn futures closed down 1 1/2 cents at $6.65 Wednesday. Prices closed nearer the session high today. ...
Soccsksargen Region’s Corn Production Hits P15.6 B
PHILIPPINES - Soccsksargen Region (Region 12) produced P15.6 billion worth of corn in 2012, an official of the Department of Agriculture(DA) 12 said....
Wyckoff's Weekly Update: Weather Posed to Drive Markets Higher
ANALYSIS - Jim Wyckoff reports that forecasts for wet weather this week in the US Corn Belt could drive the first major weather market of the season, writes Sarah Mikesell, TheCropSite senior...
Focus Shifts to Soybean Planting Progress
US - The late start to the 2013 corn planting season has created concerns about the likely magnitude of planted acreage and likely yield potential, writes Darrel Good....
28 May 2013
Jim Wyckoff's Tuesday Closing Grains: Corn Closes Higher
US - July corn futures closed up 9 1/4 cents at $6.66 1/2 Tuesday. Prices closed nearer the session high and closed at a fresh two-month high close. ...
Soybean Basis Plummets across the US
ANALYSIS - On average, spot soybean basis dropped 51 cents across the US last week while the corn basis held firm only improving 1 ½ cents on the week, writes analysts at GeoGrain....
27 May 2013
Growing the Economy with Agri-tech Know-how
UK - Rothamsted Research and Plant Impact have launched a new collaboration, which brings together one of the UK’s brightest new businesses in plant science innovation and the world’s longest...
23 May 2013
Scottish Farmers Urged To Take Up Weather Aid
SCOTLAND, UK - Struggling Scottish farmers are being urged to take up the Scottish Government’s offer of assistance when the Weather Aid scheme opens for applications in early June....
22 May 2013
Fuel Costs to Drop This Summer
US - Consumers should enjoy a summer driving season without unusually high gasoline prices and probably lower than they were last summer, says a Purdue University agricultural economist....
21 May 2013
Jim Wyckoff's Tuesday Closing Grains: Lower off USDA Crop Progress Report
US - July corn futures closed down 10 3/4 cents at $6.38 3/4 Tuesday. Prices closed near mid-range....
GeoGrain: Grain Basis Showed Strength
ANALYSIS - Both corn and soybeans posted strong basis gains by moving 3 ½ cents higher on average throughout the US last week, writes analysts at US-based GeoGrain....
Corn Planting Makes Record Progress, Bearish for Grains
ANALYSIS - US corn futures were trading solidly lower Tuesday morning, in the wake of a bearish weekly USDA crop progress report issued late Monday. July corn futures were down 13 cents and the...
Wyckoff's Weekly Update: US Corn Planting Strong, but Weather Looms in Forecast
ANALYSIS - Jim Wyckoff, grain analyst for TheCropSite, offers this week's futures market outlook for corn, soybeans and wheat. ...
20 May 2013
Jim Wyckoff's Monday Closing Grains: Strong Planting Progress Expected
ANALYSIS - July corn futures closed down 3 1/4 cents at $6.49 1/2 Monday. Prices closed near mid-range. ...
Cotton Offers Ecologically Friendly Way to Clean up Oil Spills
US - With the Deepwater Horizon disaster emphasising the need for better ways of cleaning up oil spills, scientists are reporting that unprocessed, raw cotton may be an ideal, ecologically friendly...
International Vision for Wheat Improvement
UK - By 2050, a 60 per cent increase in wheat production will be needed to meet the demand of a growing population. The Wheat Initiative, an international consortium gathering public institutions...
17 May 2013
B100 to Fuel Pulling Tractors
US - A partnership between US soybean farmers and the National Tractor Pullers Association (NTPA) will reach another milestone Friday when the NTPA begins allowing the use of 100 per cent biodiesel,...
16 May 2013
Jim Wyckoff's Thursday Closing Grains: Weather Forecast Bearish
ANALYSIS - July corn futures closed down 8 1/2 cents at $6.42 1/4 Thursday. Prices closed nearer the session low. ...
Brazil Wheat Prices Remain Firm
BRAZIL - The low availability of wheat in the domestic market has resulted in values above those at the same time last year, according to researchers, Cepea....
NFU President: Challenge MPs on CAP
UK - NFU President Peter Kendall has stressed there are five key points farmers should raise with their MPs to ensure English farmers are not disadvantaged against their colleagues in Europe...
15 May 2013
Jim Wyckoff's Wednesday Closing Grains: Drier Forecast Bearish
ANALYSIS - July corn futures closed down 2 cents at $6.50 1/2 Wednesday. Prices closed near mid-range. ...
Jim Wyckoff's Morning Report: Euro Tumbles, Dollar Rises
GLOBAL - In overnight news, the Euro currency fell and the US dollar index rose to a nine-month high on news of a weaker- than-expected European Union gross domestic product figure....
Survey Suggests Rural Economy 'Spiralling Towards Recession'
UK - Rising unemployment, shrinking profits and plummeting confidence in countryside businesses has thrown the rural economy to the brink of a further recession, according to a new survey by...
14 May 2013
Jim Wyckoff's Tuesday Closing Grains: Corn Sees Correction
ANALYSIS - July corn futures closed down 4 1/2 cents at $6.51 Tuesday. Prices closed near mid-range on a corrective pullback from Monday’s solid gains. ...
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