Reading Time: < 1 minute The UN’s Food and Agriculture Organization and OECD said that an economic upturn and energy demand will lift farm prices in the next decade, but prices will fall short of peaks in 2007-2008. “Let’s say it’s now moving at a more cruising speed,” OECD secretary-general Angel Gurria said June 15. Prices of crop and livestock […] Read more
FAO SEES IMPROVEMENT IN PRICES
Global 2010-11 Crop To Fall 5.1 Pct
Reading Time: < 1 minute HAMBURG/REUTERS The global soybean crop in the upcoming 2010-11 season is likely to fall 5.1 per cent on the year to 253.8 million tonnes but surging stocks will keep supplies ample, Hamburg-based oilseeds analysts Oil World forecast June 1. Unsold soybean stocks at the end of the current 2009-10 season are expected to rise to […] Read more
Russia Ministry Cuts Forcast
Reading Time: < 1 minute MOSCOW/REUTERS Russia’s Agriculture Ministry has downgraded its forecast for this year’s grain output to 90 million tonnes from 97 million tonnes expected previously, Interfax news agency reported May 31. Interfax quoted minister Yelena Skrynnik as saying the gross crop could be 88-90 million tonnes. Previously, the ministry had expected output on a par with last […] Read more
Western Canada Turns Wet, Most World Crops Looking Good
Reading Time: 3 minutes Weather conditions across the U. S. Midwest continue to be near ideal for the crops in the country, with timely rains and good moisture levels being complimented by relatively warm temperatures. ICE Canada canola futures were range-bound once again during the week ended May 28, although the bias was to the downside in most months […] Read more
China Buys U.S. Corn
Reading Time: < 1 minute China bought 369,000 tonnes of U.S. corn, the Agriculture Department said May 13, confirming the second big sale of U.S. corn to China since late April and the single largest purchase by Beijing since 2001. The purchases by China, the world’s second-largest corn consumer after the United States, come at a time when Beijing has […] Read more
Demand Supports Canola Against Good Weather
Reading Time: 3 minutes For three-times-daily market reports from Resource News International, visit “ICE Futures Canada updates” at www.albertafarmexpress.ca. ICE Futures Canada canola contracts finally broke out of their long-time flat trading range during the week ended May 14, but rather than seeing the upward jump that many farmers had been holding out for, canola turned weaker and set […] Read more
SEEKING GRAIN EXPORTS
Reading Time: < 1 minute Russia will try to raise its grain exports in 2010-2011 by offering low prices as it needs to shift growing stocks, Arkady Zlochevsky, head of the country’s powerful grain lobby, said May 17. “The next crop year will be a year of expansion of the Russian presence on the world grain market. We have no […] Read more
Circumstances Outweigh Bearish Canola News
Reading Time: 3 minutes For three-times-daily market reports from Resource News International, visit “ICE Futures Canada updates” at www.albertafarmexpress.ca. Canola contracts at ICE Futures Canada in Winnipeg saw some heavy-volume activity during the week ended April 16, as commercial and commodity fund traders rolled their positions out of the nearby May contract. However, those large volumes did little to […] Read more
TRADE DEAL REVIVAL
Reading Time: < 1 minute The world’s largest economies could make progress to revive long-running world trade talks at two G20 summits later this year, farmers and officials from agricultural nations said April 19. The 19-member Cairns Group of countries was meeting in Uruguay to consider how to inject new life into the World Trade Organization’s Doha round of negotiations. […] Read more
WHEAT COULD REBOUND
Reading Time: < 1 minute Argentina’s 2010-11 wheat harvest could be twice as big as the previous cycle’s drought-hit crop as farmers take advantage of moist soils to dedicate more land to the cereal when sowing starts in May. Argentina is a key supplier to neighbouring Brazil, but shipments have fallen in the last two years due mainly to a […] Read more
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