Russian wheat is at risk of damage from ice in one of the country’s main growing regions, according to a farm adviser and agronomist who visited fields across the area.
Traders willing to sell wheat to Egypt are still charging the world’s largest importer a hefty premium, highlighting the risks of offering grain after a French cargo was rejected.
JBS SA may have become too cheap to ignore. That’s what at least five of the analysts that cover the company said in the last couple of weeks, saying the shares of the world’s largest meat producer were undervalued after falling to the lowest level since 2014 in late January.
In a world awash with wheat, the biggest importing nation is struggling to buy the grain.
As global stocks near a bear market, volatility is on the rise: The Chicago Board Options Exchange Volatility Index has jumped 20 percent in three days to 26, the highest in more than two weeks.
Compared to January’s market-movers, the February USDA reports are projected to include relatively small adjustments.
New Zealand farmer Ian Diprose used to count on the dairy industry for most of his income. Today, he relies on tourism.
Skip right past Friday’s drop in the grain, soy and livestock markets and look at the bright side this week: the U.S. dollar weakened at last.
For much of the past decade, soybean processors in Argentina including Bunge Ltd.and Cargill Inc. couldn’t get enough of the crop to crush, as farmers clashed with the government over agricultural policies.
The dollar posted its biggest two-day drop since March 2009, extending a decline that wiped out its rally at the start of the year.
Construction of the Panama Canal expansion is 96% done, but officials this week said the estimated April opening for the $5 billion project would need to be pushed back again for several months.
Year-ending stocks of wheat in Canada plunged nearly 20% below 2014 levels, according to Statistics Canada’s Stocks of Principal Field Grains report, released Thursday. However, that’s unlikely to help U.S. wheat producers—at least not yet—because the global wheat market remains oversupplied.
The global pork market will remain weak through the rest of the first quarter, followed by a slight improvement leading into Q2, according to Rabobank’s Global Pork Quarterly Q1 report.
China halted imports of U.S. beef in 2003 after a case of mad cow disease was found in Washington state. Now, an industry group is predicting that China, the world’s biggest importer of U.S. agricultural goods, will open its market fully by the middle of this year.
Many of the big issues facing the cattle industry are being pushed to the back seat as producers, feeders and beef buyers search for answers to major volatility in futures markets.
As January draws to a close, Jerry Gulke sees cause for a small celebration. “For 2016, we’re still above last year’s lows in December and that’s good news,” he said, speaking with Farm Journal Radio’s Pam Fretwell in Chicago. “We keep that going and we got a chance."
England’s dairy farmers will see income fall by almost half this year, evidence that the global milk crisis is far from over.
Egypt’s ban on a fungus naturally found in wheat is unrealistic and will give the biggest buyer of the grain fewer supply options, industry representatives and researchers say.
Farmers can expect costs for fertilizer—nitrogen, phosphate, and potash—to be between 10% and 30% lower this spring compared to last year.
Fonterra Cooperative Group Ltd., the world’s largest dairy exporter, cut its milk price forecast to a nine-year low as weak demand and oversupply continue to depress the global market.