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TheCropSite Newsletter - 13 March 2012

TheCropSite Weekly Newsletter
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The Crop Site

Tuesday 13th March 2012.

Sarah Mikesell - TheCropSite Senior Editor

Sarah Mikesell
Senior Editor

Editorial: Welcome to TheCropSite Newsletter

Greetings from the balmy Midwest US - it was in the 60s and 70s F last week, and it looks like the same for the rest of this week. For mid-March, this is just beautiful but incredibly bizarre weather for the US.

First off, I'd like to offer a CONGRATS to the winners of our e-newsletter US registration program, and a sincere thanks to all those who signed up and participated. And the winners are...

  • Robert Clark, Jr., Maryland
  • Tom Doerter, Ohio
  • Steve Ford, Tennessee
  • Jerrell Dolesh, Nebraska
  • Gilbert Clark, Michigan
  • David Cunningham, Iowa
  • Greg Tylka, Iowa
  • Mike Petersen, Nebraska
  • Barry Bean, Missouri
  • Mike Wardyn, Nebraska back to business. I touched on this last week, but as I reviewed my Commodity Classic notes from different speakers, it kept coming up - a consistent concern over the lack of investment the past 10+ years in US infrastructure. The US government has not been investing in roads, railways, ships or ports to keep up with the export demands and requirements of many of the countries the US wants to trade with.

Jim Wiesemeyer, Informa Economics senior vice president, told a group of farmers at an education seminar that building and rebuilding America needs to occur.

"The thing that makes your industry competitive over the decades has been our infrastructure system - the lock and dams, the barges, the river systems, the railroad system," Wiesemeyer said. "The whole complex is in need of a $2 trillion expenditure. Both political parties' leaders and the President have poked around for a jobs bill, and it's staring them right in the eye."

Switching gears to last Friday's March Supply and Demand Report, the report was essentially neutral and not as bullish as traders expected.

Projected corn carryout stocks remained at 801 million bushels and there were no changes to the soybean S&U projections. But USDA raised both ends of its forecast soybean price range by 30 cents/bu putting the range at $11.40-$12.60/bu.

Movement in the market came from expectations for the South American soybean crop. The Argentine crop was reduced 1.5 MMT from February's 48 MMT while Brazil's crop was trimmed 3.5 MMT to 68.5 MMT.

World corn S&U projections netted 0.1 per cent increase. Argentina's estimated production was reduced by 0.5 MMT in February to 34 MMM in this report. South Africa's crop was reduced by 0.5MMT. However, Brazil's estimated corn crop was increased by 1 MMT from February to 62 MMT.

Have a great week!

Iowa Farm Outlook Shares Ag Outlook Forum Projections
Late last month USDA hosted its annual Ag Outlook Forum, and one of the highlights of the Forum is the release of USDA's initial projections for the upcoming crop year.

Computer Model to Develop Future Tillage Tools
When farmers drive in the fields with their tools there is an interaction between the soil and the tools. But we have very limited knowledge about what exactly happens.

Almost 40% of Worldwide Crops Lost to Diseases
With extensive experience in plant pathology, Prof. Richard Strange's research activity is based mainly on the interaction between plants and pathogens and the impact their illness can have on human health.

Study on Food Chain Price Setting and Transfer
According to recent studies, the multifaceted nature of the food crisis and the rising trend in food prices in recent years might indicate a relative shortage, in the short term, of first consumer products.

Soybean Cyst Nematode: The Soybean Yield Reducer
Even though the soybean cyst nematode (SCN) (Heterodera glycines) is small in size, it can reach great numbers and has the ability to drastically reduce soybean yield.

Natural Way to Bioengineer Improved Rice Through Metabolites
A large-scale study analyzing metabolic compounds in rice grains conducted by researchers at the RIKEN Plant Science Center (PSC) and their collaborators has identified 131 rice metabolites and clarified the genetic and environmental factors that influence their production.

   United States

CME Announce Global Agreement
CME: Corn Futures Closed Sharply Higher Monday
CME: Corn Futures Closed Lower Tuesday
CME: Corn Futures Closed Lower Wednesday
CME: Corn Futures Closed Lower Thursday
CME: Corn Futures Closed Higher Friday
CME: WASDE Estimates Likely to be a Mixed Bag
CME: WASDE Made Fewer Changes Than Expected
Pork and DDG Added to Export Reporting Requirements
2012 Commodity Classic Hot Topic Roundup
Warm Temperatures Accelerate Winter Grain Development
Continued Focus on Corn Consumption and Stocks
Feed Alternative to Come from Biodiesel


New Technology Offers Barley Digestible Energy Analysis
Helping Farmers Boost Soybean Exports


2012 Prospects Look Strong
Biosecurity Underpins Export Trade
Australian Grain Growers Produce Third Largest Crop on Record


Food Demand Drives Bullish Outlook: USDA Economist
Increased US Millet Exports to the Netherlands
Near-Record Wheat Production Expected This Year
Organic Sales Bucking the Trend
Don't "Roll the Dice" with Soybean Cyst Nematode in 2012
US Soybean Prices Rise Sharply
Cotton Production Expected to Fall, Consumption Rise
Agriculture Issues Intensify Food Shortages


Parboiled Rice to Dominate Thai Exports
Thai Rice Farmers Desperation Continues


Rainfall Benefits Argentina Soybean Crop


France Expected to Restore GMO Maize Ban

   United Kingdom

Record Yields for Sugar Beet Growers
Large Increase in Welsh Winter Wheat
HGCA-AHDB Winter Planting Survey Results Available
RPA Hits SPS Targets but 3,000 Farmers Still Waiting
Farmers Urged to Respond Now to Drought


India Farm Minister Asks PM to Lift Cotton Trade Ban
Poor Weather Hits India Winter Oilseeds

   European Union

Presence of Phomopsins in Feed & Food
Europe, GM and the 'Perfect Storm'
Copa-Cogeca Warns of Red Tape Governing CAP


Competing for Algeria's Feed Grain Market


China Grain and Feed Forecast Up
Strong Prospects for China Oilseeds

   Korea, North

Strong Outlook for Korea Oilseed Production


Building an Industry with New Standards

   Viet Nam

Viet Nam PM Signs Decision so Traders Stockpile Rice for Farmers

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