Global Economy
Pacific Nations Get TPP Framework to Salvage a Deal Trump Quit
Why the Chicken May Still Cross the Border, Nafta or No Nafta
Business, agricultural and education groups are joining forces to expand Nebraska’s reach into international markets that generate billions of dollars annually, Gov. Pete Ricketts announced Thursday.
States that supported Donald Trump in the election have the most to lose if NAFTA ends.
Iowa Gov. Terry Branstad is no stranger to politics – in fact, after six terms, he’s the longest-serving governor in U.S. history. But his next role as ambassador to China could prove to be the challenge of a lifetime.
There are no shortage of facts and opinions about food, farming, and the intersection of hunger, health and politics these days.
Gregory R. Page’s remarks provided real-world reminder of the factors that affect agricultural markets and producers daily as they seek to feed the world and earn a living.
The dollar slumped the most since October 2011 after the Federal Reserve reduced projections for interest- rate increases and expressed concern the dollar’s surge is weighing on exports and inflation.
Zeihan is the author of two books: “The Accidental Superpower” and “The Absent Superpower.”
The Argentine government is stepping into a battle between farmers and Monsanto over royalties for genetically modified soybeans. Grain handlers would be barred from collecting royalties after the harvest on behalf of seed developers.
Argentina’s farmers, who are harvesting a record soybean crop, would have to boost storage investments if torrential rain forecast for the second half of the year materializes. El Nino is always bad news for Argentine farmers as it causes drought in some areas will and heavier rain in other areas, requiring more protection for stored crops.
U.S. soybean production is projected at a record 3.390 billion bushels, up 375 million from the drought-reduced 2012 crop.
Soybean prices are weak and likely to get even weaker.
Downpours in EU’s No. 2 wheat grower may curb protein content.
Some farms may start wheat harvest 10 days later than normal.
Cheapest wheat offer was for Romanian wheat, followed by U.S.
Shipment shows competitiveness of U.S. wheat, analyst says.
Since 2005, Swedish-backed Black Earth Farming has emerged as a major landowner in southwest Russia, holding more than 600,000 acres (244,000 hectares) as of 2015. But yesterday, the company announced it has entered into an agreement to sell its Russian operations, distribute the proceeds to its shareholders, and initiate a voluntary liquidation of the company.
Inventories at post-Soviet high, but still only equal to half of U.S. output.
Iran is about to open for business, and the world’s grain traders are lining up.
Canada’s Wheat Board, which once held a monopoly on export sales of wheat, will be bought by Bunge Ltd. and state-owned Saudi Agricultural & Livestock Investment Company (SALIC), which will acquire a 50.1 percent stake in CWB through a joint venture,
India’s wheat crop may be smaller than the record forecast by the government after hailstorm this month damaged planted areas.
Russian domestic wheat prices have fallen, squeezing farmers who are finding it hard to get this year’s inputs. Some are exiting the business. It could mean a smaller crop and fewer exports in 2015/16.
The failed sale shows how unattractive U.S. grain is to buyers with the dollar near the highest level in more than a decade and ample global inventories.
Constanta, whose natural harbor on the Black Sea has welcomed ships since at least the sixth century B.C., is emerging as Europe’s biggest grain transport hub.
Wheat fell to the lowest in almost three weeks in Chicago and corn declined amid speculation that tension between Ukraine and Russia will ease, improving the prospects for the Black Sea region’s grain exports.
Ukraine and Russia are still expected to be “major exporters” of grain in the 2014-15 season, even amid political unrest that has embroiled the two countries, Oil World said.
Wheat futures rose this morning amid expectations that demand for supplies from the U.S. and Europe will increase as exports from the Black Sea region slow.
Transactions will shift next week to the Chicago Board of Trade.
Even though stocks are declining, supply remains secure worldwide.