Global Economy
But small by-class adjustments are made to projected exports and stocks.
China holds more than half of the world’s growing cotton stockpile, and it’s running out of storage space.
China is hoarding a record amount of cotton, increasing the risk of a supply surge that would tip prices into a bear market.
Estimate increased by 2.2% from figure projected in June.
While China’s agricultural output has surged along with its robust economic growth, state-run stockpiles are overwhelming demand and prompting the government to reevaluate costly buying programs intended to bolster food security.
So far, favorable South American weather forecasts support estimates of increased crop production in Brazil and Argentina. As a result, some analysts are betting on bigger U.S. ending stocks.
Brazil ‘s government grain agency CONAB raised its estimates Tuesday for record bumper crops of soybeans and grains.
Brazil’s farm economy will rebound in 2017 with a record harvest pushing up grain exports and expanding the country’s livestock industry, according to analysts’ forecasts.
Just in time for Thanksgiving, the U.S. Environmental Protection Agency boosted soybean futures Wednesday by raising 2017 biofuel mandates to record levels.
Malawi is so desperate for food to stave off a hunger crisis that the government may buy a type of corn that the country mainly uses as livestock feed.
There’s a dearth of corn needed to feed all of the hungry chickens in Brazil, the world’s biggest exporter of the meat.
Black Sea crops are enjoying near-perfect conditions and Europe is holding its breath for a decision from Russia regarding its export taxes. Odds increasingly favor their removal.
South Africa is aggressively seeking new markets for its grains in the Middle East and Asia. This year’s corn crop shrank due to drought and transportation infrastructure needs improvement but the nation places high value on trade as a route to for food security.
With so many potential deals in the works, now is a good time for producers to review the opportunities and challenges posed by agricultural cooperation on a worldwide scale.
Japan Cuts Feed-Wheat Purchasing Plan as Demand Shifts to Corn
Spring planting will not be business as usual in Ukraine. The loss of acreage there may well open the door to more U.S. exports. This is a first-hand account from a Ukrainian ag journalist.
The country has rejected over 1.2 million tons of U.S. corn cargoes since last year because they contain MIR 162.
Corn fell from the highest price since August as demand dropped for shipments from the U.S. and an industry group raised its global production forecast.
The corn has grown to only half its normal height on Yan Shuqin’s ranch in the hills of Inner Mongolia this year, as a swath of northern China suffers its worst drought in 60 years.
Commodities experts say Russia didn’t buy much wheat, corn, or soybeans anyway.
Soybeans dropped for a second day in Chicago, heading for a third monthly loss, on speculation that rain forecast for the U.S. Midwest will help improve yields after concern about recent dryness bolstered prices.
Profitable prices are likely to continue, although nowhere close to last year’s record for key crops.
Many traders have set their eyes on $15 soybeans for next week; however, this may be difficult if rain reaches Argentina.
Top Producer recently surveyed 15 market analysts for their views on grain pricing in 2013. Here’s what the moderate faction had to say.
Corn futures have soared, crop condition ratings have dropped, and the world is hearing about risks of U.S. drought driving food prices higher.
Average yields for corn and soybeans could drop dramatically lower, unless it starts raining and continues to rain hard every week across the central Corn Belt.
What effect will the longer trading hours have on the markets when USDA reports are released? Jerry Gulke analyzes.
Hot, dry forecasts are causing alarm in the grain markets. Will the upcoming weather singe the early-planted crops? Jerry Gulke discusses.
Corn acreage may climb to 95 million acres this spring. Then again, maybe not.
A poor South American crop may push U.S. corn and soybean exports higher.