Informa Joins Throng Upbeat on U.S. Soy, Corn Yields
The U.S. soy and corn crops will be even largest than expected according to Informa Economics. Informa has increased its forecast for the U.S. soybean harvest to 260 million bushels to 4.017 billion bushels and has increased its estimate for the U.S. corn harvest by 371 million bushels to 14.395 billion bushels. Based on historically high
Read moreEast Ukraine Poultry Industry in Ruins
Poultry companies is eastern Ukraine have been plundered or have had to significantly cut production according to the Union of Poultry Breeders (UPB). Poultry farms belonging to one of the region’s largest poultry companies, Ukragroptaha located in Luhansk Oblast, are 80% destroyed and a second poultry producer, Miner Nova in Donetsk Oblas
Read moreWorld Wheat Supplies ‘Tighter Than They Look’
U.S. Wheat Associates is advising buyers not to delay wheat purchases as high quality wheat supplies are not as high as they might seem. While it is true that U.S. wheat inventories are up 2.4% year on year, they are down 11% on the five year average for this time of year with 38% being stored on farms compared to 30% last year. This highe
Read moreRabobank Warns on Dairy as Prices Hit Five-Year Low
In its latest report Rabobank warns that under the prevailing market conditions, dairy prices will not see any movement toward recovery until possibly the third quarter of 2015, even as prices have fallen to a five-year low. Because producer’s margins have been protected by low feed costs, and the lag-time in negative market conditions aff
Read moreEbola Threatens to Make Chocolate an Expensive Luxury
West Africa produces 70% of the global supply of cocoa and Ivory Coast and Ghana alone produce 60% of world supply. So far the Ebola outbreak has not spread to these two countries though it has caused the closing of the borders inhibiting the travel of foreign seasonal workers. The Centers for Disease Control (CDC) warns that given the cur
Read moreRussia Makes Surprise Exit From Key Global Wheat Export Markets
Despite a bumper crop, Russian wheat has made a sudden exit from export markets as domestic demand and prices jump as a result of the country’s ban on Western agricultural products enacted in early August, and a population increase of 3 million people brought by the Ukraine crisis. Without imports, the demand for domestically produced meat
Read moreBrazilian Corn, Soybean Exports to Beat Forecasts
Brazilian corn and soybean exports will likely exceed official estimates with soybean exports reaching a record 49 million tons and corn exports hitting 22 million tons for the October through September, 2014/15 marketing year. Low corn prices have slowed selling by farmers to below the pace of recent years with corn exports for the 2013/14 ma
Read moreIndian Poultry Industry on a Growth Path
India’s broiler production sector is the fourth largest in the world behind the U.S, Brazil, and China at 3.8 million tons and according to Dr. Kotaiah of Indbro Research and Breeding Farms Private Ltd. will see growth of between 12% and 15%. The industry is seeing maturation with broiler production operations and feed mills becoming large
Read moreSoybean Processing Seen at Record by Oil World in 2014/15
Global soybean processing will increase 6.5% year on year to reach 253.32 million tons for the 2014/15 season beginning October 1 according to Oil World as the U.S. Department of Agriculture forecasts that farmers worldwide will harvest a record crop. The growth in crushing will likely be seen in the U.S., Argentina, Brazil, and China. In
Read moreSoybeans Drop to Four-Year Low as China Suspends Import Approval
Soybeans fell to their lowest point since July 2010 as China delays the approval for import of two genetically modified soybean traits and U.S. farmers begin to harvest a bumper crop. Soybean prices have already fallen 30% this year on expectations of high global supplies. The two genetically modified traits in question, which are not grown
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