Brazil’s Cotton Exports to Miss Forecast by a Mile
After low prices cut acres sown to 1 million acres, the U.S. Department of Agriculture bureau in Brasilia set its forecast for Brazil’s cotton exports at 2.2 million bales for 2014/15, down 50% from two seasons before. This differs widely from the official forecast from the U.S. Department of Agriculture (USDA) of exports for 3.7 million b
Read moreBullish Outlook for Global Poultry Industry
Global poultry supplies remain tight and prices are expected to remain bullish despite Russia’s recent import ban according to Rabobank’s third quarter poultry report. These tight supplies will provide a foundation for margin improvements as grain prices continue to slide next year. Margins are expected to increase significantly for Braz
Read moreBrazil Beef Exports to Russia Soar Following U.S., EU Sanctions
Amid sanctions and embargoes of agricultural goods between Russia and Western nations, Brazil has reaped the benefits seeing beef exports climb to more than 1 million tons for the first eight months of 2014 according to the Brazilian Beef Exporting Association, solidifying its position as the world’s top beef exporting country. From Januar
Read moreCoffee Experts Fear For Brazil Harvest
Investors in the coffee market are currently watching the weather and the flowering in Brazil to gain indications of the 2015 crop after an unprecedented period of drought. Brazil produces 35% of the global supply of coffee and climate change and growers planting closer and closer to the equator means that drought has become a relatively new
Read moreAustralia Cuts Wheat Export Forecast to Five-Year Low
Australia’s official commodities bureau, Abares, cut its estimate for the country’s wheat exports for July 2014 to June 2015 by 550,000 tons to 18.10 million tons – bringing wheat shipments from the country to a five-year low. Although higher that the ten-year average, exports will still be 234,000 tons less than last year. Factoring
Read moreU.S. Soy Exports to China Could Drop by Quarter with Crush Margins at Two-Year Low
After 2013/14 saw record U.S. soy shipments to China, slowing demand from China’s livestock industry has resulted in an oversupply of soybeans in the country, lowering demand. Chinese imports of U.S. soybeans could fall by a quarter for the crop year beginning this month as a bumper U.S. crop has caused processing margins to plunge to thei
Read moreCargill Sues Syngenta Over China Corn Rejection
Cargill is suing Syngenta Seeds for releasing its genetically modified variety of corn MIR-162 without prior approval from Chinese authorities, citing a lack of ‘responsible stewardship’. Cargill is claiming an estimated $90 million in losses due to China rejecting corn shipments since late 2013 that contain the strain of corn, and has f
Read moreAustralia: Fish Industry Looks set to Boom
Australia’s $40 billion aquaculture industry is on pace to boom by 2020 as capital inflow are set to increase and the country’s two biggest fish farming companies achieve more profitable positions spurring other companies to list on the Australian stock exchange - such as Huon Aquaculture which is considering a float that could be worth up
Read moreSouth African Vineyards Make African Inroads
The African middle class is booming and interest in wine across the continent is growing with it. Improved socio-political conditions and economic reformation have been supporting factors driving the continent to see a gross domestic product (GDP) growth of 5% per year over the past ten years. Currently Africa has a collective GDP of $1.6
Read moreU.S. Grain Glut is Testing Rail and Storage Systems: Official
Grain from the 2013 crop is still in storage and upon the upcoming harvest, U.S. grain stocks are expected to exceed the capacity of permanent storage facilities by 694 million bushels, or 3.5% of the total harvest. South Dakota, Missouri, Indiana, and Illinois are the most affected states. The estimated crop overstock is enough to fill 17
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