Ag Trends and Outlook

Much of BrazilÍs estimated 15.2 million bags of private inventories of coffee will be needed to supply the market.

The Indonesian government of seeking to limit foreign ownership of plantations within the country to a maximum of 30%.

Next yearÍs Australian almond crop is expected to break the countryÍs 2013 record production of 73,361 tons.

A late and weak monsoon has delayed Indian corn sowing by a month and could cause yields to be cut in half.

Russia is the world biggest butter importer, importing 89,844 tons last year, and is the world second biggest cheese importer.

Land values in the central Plains states appreciated 6% year on year for both irrigated and non-irrigated land.

Though lacking access to many South American markets, demand for U.S. beef is booming along South AmericaÍs Pacific coast.

Soybean prices fell by 2% after the USDA estimated that the U.S. harvest this fall will be a record 3.82 billion bushels.

The U.S. dairy industry will maintain record levels of milk production, but prices will remain relatively strong.

Sugar processing in BrazilÍs Center South region declined 12.5% in the second half of July to produce 2.24 million tons.