Jerry Gulke discusses the U.S. dollar, harvest yields, and the cattle market in the Weekend Market Report.
The prospect of a mega-sized grain sorghum crop on the Plains this fall creates a more bearish outlook on corn as it competes for limited demand space in the feed grain market.
Glencore became a major agriculture player when it bought Canadian grain handler Viterra Inc. for C$6.1 billion ($4.6 billion) in 2012.
France’s surprisingly large wheat crop will have the nation’s cows, pigs and chickens dining on more of the grain instead of corn.
When China, the world's biggest consumer of commodities, slows, commodity producers feel the pain.
Old crop corn stocks in all positions on September 1, 2015 totaled 1.73 billion bushels, up 41 percent from September 1, 2014. Old-crop soybeans stored in all positions on September 1, 2015 totaled
191 million bushels, up 108 percent from September 1, 2014.
Investors are reacting to diminished demand from China and an end to the cheap-money era provided by the Federal Reserve.
Following 2014’s record-high margins, the U.S. hog and pig inventory is now at record highs, and margins for pork producers are tightening.
As wheat prices remain stagnant at multi-year lows, wheat farmers are tightening their grip on old-crop supplies as they wait out for a return for higher prices.
JBS SA, the world’s largest meat producer, will probably post financial gains of 15 billion reais ($3.6 billion) from derivatives contracts betting against Brazil’s real.
Members of a trade delegation from China, the world’s top soybean importer, signed memorandums to buy a record 13.18 million metric tons of the oilseed worth around $5.3 billion from U.S. shippers after annual negotiations.
The lagging pace of exports is limiting a “wild bull story” for corn, the world’s most-consumed crop, Roose said.
Fonterra Cooperative Group Ltd., the world’s largest dairy exporter, raised its forecast milk payout to New Zealand farmers more than economists expected and said full-year earnings increased.
While adverse summer weather conditions in the U.S. have failed to give much of a boost to either corn or soybean prices, one crop is surging: rice.
“Across energy, industrial metals, and agricultural products markets remain oversupplied, partially because of the sluggish world economy, but largely because of the over-investment in developing new supplies in the last decade and favorable weather conditions providing bumper row crops,” Morse said.
Mosaic Co., the largest U.S. producer of potash fertilizer, said it plans to reduce output as low crop prices continue to erode farmer demand for agricultural products.
A hectare sold for an average of $3,934 in 2014, up 12 percent from the prior year and 10 times the level seen about a decade ago, according to government data.
While Olam isn’t a household name, it ranks among the top food-commodity traders, particularly in cocoa, nuts, wheat and rice.
The next Black Sea wheat crop is getting off to a rough start as dry weather forces farmers to delay sowing seeds.