Grains, Seeds, Vegoils & Meals
Feb 22 - Asian CPO Ends Higher, Tracking Other Edible Oils (Dow Jones)
Asian crude palm oil price futures end higher Wednesday, supported by gains in other related edible oils. Palm oil and soy oil often compete in the world market, so their prices move in tandem. Prices were also supported by bargain buying after the recent sell-down in the past couple of days, says David Ng of Philip Futures in Kuala Lumpur. He expects prices to trade between MYR2700/ton and MYR2850/ton. Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchange rose 17 ringgit at MYR2,800/ton at the end of the trading day.
Feb 22 - Soybean bulls may not find a friend in U.S. crush -Braun
The United States has crushed an unprecedented amount of soybeans since the harvest began last fall, but there have not been as many buyers as processors had hoped for, and this could end up burdensome on domestic soybean supply. Data released by the National Oilseed Processors Association Feb. 15 showed that its members crushed 160.621 million bushels last month, which marked the third busiest January on record and edged analyst estimates of 159.141 million. Click here to read full stories.
Feb 22 - China reports more severe form of bird flu, threat to poultry - WHO
China has detected an evolution in the H7N9 avian flu virus that is capable of causing severe disease in poultry and requires close monitoring, the World Health Organization (WHO) said on Tuesday. Samples of the virus taken from two infected humans were injected into birds in a laboratory and became "highly pathogenic" for poultry, it said. Click here to read full stories.
Feb 22 - Egypt's GASC sets tender to buy wheat shipped March 25-April 4
Egypt's General Authority for Supply Commodities (GASC) set a tender on Tuesday to buy an unspecified amount of wheat from global suppliers for shipment from March 25 to April 4. GASC Vice Chairman Ahmed Youssef said the authority was seeking to buy cargoes of soft and/or milling wheat from the United States, Canada, Australia, France, Germany, Poland, Argentina, Russia, Kazakhstan, Ukraine, Romania, Bulgaria, Hungary and Paraguay. Click here to read full stories.
Feb 22 - UK farmers hold onto cash, cut investment on Brexit uncertainty
British farmers are holding back on big investments as they brace for the UK's exit from the European Union, their largest market and a vital source of subsidies. Agriculture enjoyed a brief boost after Britain voted to leave the bloc last June, when a weaker pound lifted profits by about 12 percent and subsidy payments by roughly 15 percent, the National Farmers' Union (NFU) estimates. Click here to read full stories.
Feb 22 - Tyson Foods accelerates shift away from antibiotics in chicken
Tyson Foods Inc in June will switch its retail line of company-branded chicken products to birds raised without any antibiotics, a top executive said on Tuesday, accelerating the meat sector's shift away from the drugs. The change will make Tyson, which is the largest U.S. chicken processor, into the world's leading producer of chicken raised without antibiotics, said Sally Grimes, the company's president of North American retail, on a webcast of an industry conference. Click here to read full stories.
Feb 22 - Dairy prices fall on better-than-expected supply
Global dairy prices fell at an auction held early on Wednesday, on signals that milk production would be higher than expected. Average prices dipped 3.2 percent at the Global Dairy Trade auction, which takes place twice a month, with an average selling price of $3,474 per tonne. Click here to read full stories.
Feb 22 - Canadian meat processor Maple Leaf to buy U.S.-based Lightlife Foods
Canadian meat packaging goods company Maple Leaf Foods Inc said on Tuesday it would buy U.S.-based Lightlife Foods Inc, a manufacturer of plant-based protein foods, for $140 million and related costs. Lightlife Foods reported 2016 sales of about $40 million and has a 38 percent market share in the U.S. refrigerated plant proteins market, Maple Leaf said in a statement. Click here to read full stories.
Feb 22 - Asian CPO Edges Up With Soybean Oil (Dow Jones)
Asian crude palm-oil futures are a tad higher, supported by overnight gains in soybean oil. Both are often used as substitutes for the other, so their prices are influence by each. Traders say investors continue to be concerned about low export performance. Benchmark palm-oil futures for May delivery rises 0.2% to MYR2,788/ton.
Feb 21 - Asian CPO Ends Lower on Weak Exports, Production Worries (Dow Jones)
Asian crude palm-oil price futures end Tuesday's session lower, amid lower exports and persistent worries of higher production. "Investors mostly stayed on sidelines, resulting in thin trading volumes," says David Ng of Philip Futures in Kuala Lumpur. He expects prices to remain range-bound between MYR2800/ton and MYR2910/ton. Benchmark palm-oil futures for May delivery last traded 33 ringgit lower at MYR2,798/ton.
Feb 21 - Argentina corn, soy in good condition after rain - analysts
Rains in Argentina's main grains belt last week favor the country's 2016-17 soybean and corn crops, which are reaching a key stage of development in ideal weather conditions, local meteorologists said on Monday. After floods in some areas and drought in others caused crop losses throughout January, the weather has stabilized, leaving expectations for an ample harvest intact. Click here to read full stories.
Feb 21 - India's wheat imports to slow after March on fumigation rule change
India's wheat imports from Russia, France and Ukraine could come to a halt after March, as New Delhi has asked exporters to fumigate their cargoes with methyl bromide, an insect control gas banned in Europe and the Black Sea region. Currently, food shipments are fumigated at India's ports. After March 31, the plant quarantine authority will only accept cargoes fumigated with methyl bromide at the country of export. Click here to read full stories.
Feb 21 - Brazil soy harvest jumps to 24.8 pct of area, above average
Brazil's soybean harvest reached 24.8 percent of planted area by Feb. 17, above the five-year average of 17.1 percent for this time of the year, Safras & Mercado consultancy said on Monday. Farmers in No. 1 soy-producing state Mato Grosso continue to be sharply ahead on harvesting, reaching 52 percent of the planted area when normally the state would be below the 30 percent mark at this time. Click here to read full stories.
Feb 21 - Singapore's Wilmar fourth-quarter profit rises 70 pct
Singapore's Wilmar International Ltd, the world's largest palm oil processor, said its fourth-quarter net profit rose 70 percent, thanks to stronger results across its businesses, particularly its tropical oils and sugar segments. Wilmar, one of the biggest soybean buyers, reported a net profit of $560.8 million for the three months ended December, compared with a net profit of $330.2 million a year earlier. Click here to read full stories.
Feb 21 - Iraq re-issues tender for at least 50,000 T of wheat
Iraq’s state grains board has re-issued an international tender to buy at least 50,000 tonnes of wheat, traders said on Monday. The tender closes on Feb. 26 and offers must remain valid until March 2, they said. Traders said on Thursday that Iraq had made no purchase in its previous tender for 50,000 tonnes and a new tender was expected to be issued. Click here to read full stories.
Feb 21 - Kenya to allow millers to import 5 mln bags of yellow maize due to drought
Kenya's government will allow millers to import 5 million bags of yellow maize for the production of animal feeds to cushion consumer prices of white maize following a drought, a top agriculture ministry official said on Monday. The East African nation, which only allows maize imports in special circumstances, is facing an acute drought with an estimated 2.7 million people in need of food aid. Click here to read full stories.
Feb 21 - Brazil has no cash to replenish public stocks of food -minister
The Brazilian government has no available money to replenish depleted public stocks of food and will not buy staples such as grains anytime soon, despite an expected record crop this year, Agriculture Minister Blairo Maggi said on Monday. Maggi told reporters in Sao Paulo that an exception regarding government actions in the sector was intervention in the corn market, where the government decided to use part of reduced public corn stocks to ease a supply tightness in some Northeast states impacted by drought. Click here to read full stories.
Feb 21 - Asian CPO Opens Higher, Tracking Soy-Oil Gains (Dow Jones)
Asian crude palm-oil futures open higher amid gains in soybean oil. Both often compete, so their prices often move similarly. But gains might be capped by concerns of rising production, says David Ng of Philip Futures in Kuala Lumpur. Benchmark palm-oil futures for May delivery are up 0.7% at MYR2,851/ton.
Feb 20 - Asian CPO Ends Lower Amid Flat Export Performance (Dow Jones)
Asian crude palm-oil price futures end Monday's session lower amid sluggish growth in export demand. Malaysia's palm-oil exports during the Feb. 1-20 period are estimated to rise 1.7% on month at 745,564 metric tons, cargo surveyor SGS (Malaysia) says. Another surveyor Intertek Agri Services estimated palm-oil exports to be slightly down, about 0.8% on month at 733,288 metric tons. Traders say prices are likely to come under pressure in the next couple of weeks with expectation of improvement in production and uncertain export demand. Benchmark palm-oil futures for May delivery on the Bursa Malaysia Derivatives Exchange last traded down 21 ringgit at MYR2838/ton.
Feb 20 - In rare move, China in talks to sell corn to Japan
China's COFCO Corp is in talks to sell a small cargo of corn to Japanese trading house Mitsubishi Corp, two sources said on Friday, a rare foreign sale of grain from the world's No. 2 producer. The state-controlled Chinese company is in discussions to sell at least 15,000 tonnes of corn to Japan, one source briefed on the deal said.Click here to read full stories.
Feb 20 - In China, consumers seem to shrug off deadly bird flu outbreak
Four years ago, a bird flu outbreak in China killed at least three dozen people, triggered mass poultry culling, put masks on millions of Chinese faces and hammered shares in fast food and travel companies. This winter, more than 100 people have died, but few birds have been slaughtered, there are few masks on the streets and little sign of any consumer reaction, let alone the panic seen in 2013. Click here to read full stories.
Feb 20 - Brazil races against time to save drought-hit city, dying crops
The shrunken carcasses of cows lie in scorched fields outside the city of Campina Grande in northeast Brazil, and hungry goats search for food on the cracked-earth floor of the Boqueirao reservoir that serves the desperate town. After five years of drought, farmer Edivaldo Brito says he cannot remember when the Boqueirão reservoir was last full. But he has never seen it this empty. Click here to read full stories.
Feb 20 - EU still on track for bigger rapeseed crop despite winter chill
Rapeseed in the EU's major growing countries was mostly in reasonable shape, despite localised damage caused by dry sowing conditions and winter frosts, keeping the EU on course for a rebound from last year's disappointing harvest. Analysts Strategie Grains this month cut their forecast for EU 2017 rapeseed production by 500,000 tonnes to 21.56 million, citing damage in countries such as Poland. Click here to read full stories.
Feb 20 - Speculators hike bullish cotton bet to record, up bearish cocoa stance
Speculators hiked their bullish stance in cotton contracts on ICE Futures U.S. to a record in the week to Feb. 14, as they raised a bearish stance in cocoa futures and options to a fresh near five-year high, U.S. data showed on Friday. Speculators reduced their net long positions in raw sugar and arabica coffee contracts, the Commodity Futures Trading Commission data showed. Click here to read full stories.
Feb 20 - Warm spell may coax U.S. winter wheat out of dormancy
Unusually mild temperatures are forecast to linger in the U.S. Plains and Midwest through next week, potentially advancing the growth of the region's winter wheat, weather and crop experts said on Friday. An early growth spurt could leave the crop vulnerable to freeze damage later in the season, although forecasts currently show no such risk. Click here to read full stories.
Feb 20 - India to Be Self-Sufficient in Lentils in Next Few Years (Dow Jones)
India is on course to become self-sufficient in lentil production, thanks to improved area under cultivation helped by better monsoon rainfall. "India might become self-sufficient in the next two to three years, minimizing the need for imports," India's agriculture minister Radha Mohan Singh said. India, the world's leading buyer of lentils, had imported more than five million tons of the protein-rich staple last year to meet local demand amid a shortfall in production. India consumes about 22 million tons of lentils every year. Singh says India is aiming to increase its lentil production by 20% to 20 million tons in the current agricultural year ending June 2017.
Feb 20 - India Basmati Rice Exporters Worried by Iran Delay (Dow Jones)
The delay in the resumption of Indian basmati rice imports by Iran, and the new price cap of $850 per ton, might put India's exports of the high-quality rice at risk, ratings agency ICRA said. The decline in demand from Iran has "played a role in the declining realizations of exports" from India to $784 a ton in the first eight months of this fiscal ending March 31, 2017 versus $1,298 a ton in the fiscal that ended March 31, 2014, said Deepak Jotwani, ICRA's assistant vice president. Nonetheless, basmati rice prices surged up to 25% following Iran's decision to lift the five-month-old ban on imports from India last month. "An inflow of orders from Iran remains to be seen," ICRA says. Iran is the biggest buyer of the aromatic, long-grain basmati rice variety from India.
Feb 20 - Asian CPO Falls on Malaysia Production Recovery Expectations (Dow Jones)
Asian palm oil prices fell last week amid expectations of a recovery in Malaysian production after adverse weather associated with El Nino hindered output last year, says Capital Economicas in a note. "The expected rebound in supply has seen Malaysian palm oil futures drop even lower in the last month." It adds that data from Malaysia Palm Oil Board showed inventories dropped by less than expected in January, indicating low demand in the market. Benchmark palm-oil futures for May delivery on the Bursa Malaysia Derivatives Exchange ended down MYR78 at MYR2851/ton.
Feb 17 - Asian CPO Dips on Concern About Weak China, India Demand (Dow Jones)
Asian crude palm oil price futures end lower Friday on worries of weak demand from top-buyers China and India. Monthly palm oil export estimates released by cargo surveyors Intertek Agri Services and SGS (Malaysia) this week showed exports for the Febraury 1-15 period down by more than 3%. "This is due to slower buying by China and India," says David Ng of Philip Futures in Kuala Lumpur. He expects prices to remain range-bound between MYR2750/ton and MYR2900/ton. Benchmark palm-oil futures for May delivery on the Bursa Malaysia Derivatives Exchange last traded MYR68 lower at MYR2861/ton.
Feb 17 - U.S. corn farmers worry as Mexico woos South American suppliers
Mexico's attempts to diversify its supplies of corn could threaten a crucial market for U.S. farmers who are increasingly dependent on exports to unload record stockpiles that are depressing prices. Mexico buys nearly all its corn imports from the United States - shipments that totaled 13.603 million tonnes in the year ending Aug. 31, 2016. The sales account for about 28 percent of total U.S. corn exports, according to the U.S. Department of Agriculture. Click here to read full stories.
Feb 17 - India may cut potash subsidy in potential blow to demand
An Indian government ministry has proposed slashing potash subsidies by 17 percent in the next financial year to reduce the fiscal deficit, officials said, a move that would hit demand in one of the world's largest importers of the fertiliser. Although global prices have been falling, a reduction in government support in India would make potash relatively expensive for the companies that import it. Click here to read full stories.
Feb 17 - What February futures prices say about U.S. corn, soy acreage -Braun
Most U.S. farmers will not begin sowing corn and soybeans for another month or two, but new-crop futures prices in February factor heavily in decisions on which crop to plant. The U.S. Department of Agriculture (USDA) has penciled in 90 million planted acres of corn and 85.5 million planted acres of soybeans to U.S. balance sheets for 2017. This would represent a 4.3 percent year-on-year reduction in corn acres and a 2.5 percent increase in soy. Click here to read full stories.
Feb 17 - Fearing Trump policies, Mexico plans South America corn shopping trip
Mexico's agriculture minister said on Thursday he will lead a business delegation to Argentina and Brazil to buy yellow corn, part of a drive to lessen Mexico's dependence on U.S. exports as President Donald Trump threatens to upend long-standing free trade between the two countries. The trip will happen within the next 20 days, Agriculture Secretary Jose Calzada said, adding that the government could explore quotas and changing the tariff regime for imports from South America if needed. Click here to read full stories.
Feb 17 - Japan feedmakers to tap corn stocks after U.S. supply disruption
Japan's feedmakers are expected to tap the country's emergency stockpiles of corn as inventories decline to critically low levels due to a delay in shipments from the United States. Japan's Ministry of Agriculture, Forestry and Fisheries plans to approve the measure after heavy storms in the northwestern United States caused lengthy delays to grain loadings in Japan's main corn supplier. Click here to read full stories.
Feb 17 - Egypt's GASC says seeks wheat for March 16-26 shipment
Egypt's General Authority for Supply Commodities (GASC) set a tender on Thursday to buy an unspecified amount of wheat from global suppliers for shipment from March 16-26. GASC Vice Chairman Ahmed Youssef said the authority was seeking to buy cargoes of soft and/or milling wheat from the United States, Canada, Australia, France, Germany, Poland, Argentina, Russia, Kazakhstan, Ukraine, Romania, Bulgaria, Hungary and Paraguay. Click here to read full stories.
Feb 17 - Fertilizer maker CF Industries cheers possible U.S. border tax
U.S.-based CF Industries Holdings Inc, the third-largest global nitrogen fertilizer producer, would welcome a U.S. border tax on imports, as it would mirror conditions the company already faces selling into other markets, Chief Executive Tony Will said on Thursday. A House Republican plan would cut corporate income tax to 20 percent from 35 percent, exclude export revenue from taxable income and may impose a 20 percent tax on imports. Click here to read full stories.
Feb 17 - Zimbabwe to be hit hardest by armyworm outbreak - UN food agency
Zimbabwe is likely to be the country hardest hit by an outbreak of armyworms that is destroying crops and threatening food security in southern Africa, the United Nations food agency said on Thursday. The Food and Agriculture Organization (FAO) said that up to 130,000 hectares of maize and corn crops could be affected in Zimbabwe, compared to a reported 90,000 hectares in Zambia and 50,000 hectares in Namibia. Click here to read full stories.
Feb 17 - Egypt's agricultural exports ripe for world markets after currency float
Egypt's agricultural exporters are seeing a surge in demand and finding new foreign markets only months after the currency was floated, with many rushing to expand capacity to keep up. Egypt's pound has roughly halved in value since the central bank abandoned its peg of 8.8 to the dollar on Nov. 3, making Egyptian fruit and vegetables look cheap and attractive to foreign buyers, exporters said. Click here to read full stories.
Feb 17 - Dean Foods profit forecast misses on weak milk demand
Dean Foods Co forecast first-quarter profit well below analysts' estimates due to weak demand for milk and higher investments in a recently announced joint venture to expand its organic milk business. Shares of the largest U.S. dairy processor fell as much as 8.6 percent in morning trading on Thursday. Click here to read full stories.
Feb 17 - Asian Palm-Oil Futures Prices Appear to Have Peaked (Dow Jones)
Asian palm-oil futures appears to have peaked with the price now below the 50-day moving average, and is consistent with the model that shows prices will fall over the coming year, says Barnabas Gan, economist at OCBC Bank. He adds that fundamentally the weak prices was likely due to higher palm-oil production and a fall off in global demand; "Worryingly, Malaysia's palm-oil exports remained lacklustre into February, according to Intertek Shipment data. Much of the decline in 2016 was led by lower Chinese demand, on top of poorer EU and India shipments." He adds that production is likely to tick higher into 2017 and the only way this won't put pressure on prices is if its met with higher demand.
Feb 17 - Asian CPO Fall Below Key Level as Production Outlook Picks Up (Dow Jones)
Malaysia palm oil benchmark futures contract price on Friday breaks below the key psychological level of 3000 ringgit for the first time since November 2016, as the outlook for palm oil production improves. Investors are starting to expect palm oil production will return to normal by the end of 1H17, reducing the tight supplies in the market. The Bursa Malaysia benchmark palm oil contract is trading down 37 ringgit a ton to 2987 ringgit a ton.
Feb 17 - Australian Crops Suffering From Lack of Rain (Dow Jones)
Australian summer crop conditions remain stressful, so many cotton crops, which aren't irrigated, seriously need moisture, says Commonwealth Bank of Australian analyst Tobin Gorey. "Weather forecasters say some relief can be expected next week, but it is unlikely to be enough to fully recover yield potentials." Gorey adds that global cotton futures prices experienced another day of steady losses overnight, which suggests the ferocity of that demand is perhaps tapering off. May cotton lost 0.7% to close at 76.77 cents a pound.
Feb 16 - Single Seller Seen Sinking Asian CPO (Dow Jones)
Asian CPO prices ended sharply lower Thursday after a selldown late in trading, likely due to one investor selling out, say a Singapore-based trader. He says that there is some feeling in the market that palm oil production had started to improve and this was putting some pressure on prices in the market. The Bursa Malaysia benchmark contract ended down 46 ringgit at ton to 3021 ringgit a ton.
Feb 16 - Argentina's rising grains production strands vessels in river traffic
When a boat carrying soy oil destined for India ran aground on the Parana River near Buenos Aires in late January, ships loaded with most of Argentina's grains exports were blocked for hours. It was the latest accident on one of the world's great food highways, which is straining to carry rising volumes of Argentine agricultural products embarking on the first leg of the journey from the fields of the Pampas to the feeding troughs of cattle, pigs and chickens worldwide. Click here to read full stories.
Feb 16 - NOPA Jan crush of 160.621 mln bushels tops forecast
U.S. soybean processors ramped up their pace of crushing above market forecasts last month, notching the third busiest January on record, the National Oilseed Processors Association said on Wednesday. NOPA said that its members crushed 160.621 million bushels during January, up from 160.176 million bushels in December. A year ago, the January crush totaled 150.453 million bushels. Click here to read full stories.
Feb 16 - Bunge shares surge 8 pct as 4th-qtr profit tops estimates
U.S. agricultural trader Bunge Ltd on Wednesday reported a better-than-expected quarterly profit and forecast strong earnings growth in 2017 on expected massive corn and soybean harvests in South America, sending shares nearly 8 percent higher. Earnings were propelled by higher sugar and ethanol prices and improved edible oil margins in Brazil, and rose despite weaker results from its core agribusiness segment. Click here to read full stories.
Feb 16 - Ukraine wheat exports fall in January, India top buyer
Ukraine's January wheat exports fell by around 14 percent to 1.2 million tonnes and most of it went to India, consultancy UkrAgroConsult said on Wednesday. India, a major importer of Ukrainian wheat this season, consumed 780,000 tonnes or 64 percent of Ukraine's wheat exports last month, the consultancy said in a report. Click here to read full stories.
Feb 16 - Algeria issues tender to buy durum wheat and feed barley
Algeria's state grains agency OAIC has issued international tenders to purchase a nominal 50,000 tonnes of durum wheat and 50,000 tonnes of feed barley, European traders said on Tuesday. The durum and barley tenders will both close on Thursday, they said. The durum was sought for three shipment periods between March 16-31, April 1-15 and April 16-30, they said. Click here to read full stories.
Feb 16 - Asian CPO Likely Supported by Oilseed Moves (Dow Jones)
Asian crude palm-oil is likely supported by moves higher in oilseed futures in the U.S. overnight. Soybeans moved sharply higher while the move in canola prices were a little more modest after the market welcomed some better‑than‑expected US January soybean crush data, says Tobin Gorey, an analyst at Commonwealth Bank of Australia in a note. Investors, however, may have been a little disappointed with export estimates released by cargo surveyor SGS after market close Wednesday, which showed palm-oil exports were down 3.6% for the first 15 days of Feb. The Bursa Malaysia benchmark palm oil contract ended up 18 ringgit a ton at 3067 ringgit a ton.
Feb 16 - CBOT Rice Prices in Process of Finding Bottom (Dow Jones)
Chicago Board of Trade rice prices are finding a bottom, and will average above spot prices in 2017, BMI Research writes. "We forecast US rice production to decline in 2017/18 due to unattractive prices." It adds that other grain prices will prove stronger in 2017 which will support rice prices somewhat this year. "The potential reform of China's rice support production and stockpiling policy poses downside risks to our rice price
forecasts on a two-to-three year horizon."
Feb 15 - Asia CPO Sharply Higher on Improved Export Data (Dow Jones)
Asian crude palm oil prices are sharply higher Wednesday following an improvement in Malaysia palm oil exports this month. The export estimate from cargo survey Intertek for the first 15 days of February were up 1.4% on month--in the first 10 days of the months exports were estimated 3.1% lower. The market is still waiting for data from SGS to be released. The Bursa Malaysia benchmark palm oil contract closed up 20 ringgit a ton at 3069 ringgit a ton.
Feb 15 - China bird flu fears hit poultry prices, meat producer shares
Chinese chicken prices sank to their lowest level in more than a decade on Wednesday as fears grow about the spread of bird flu, hurting meat producers' share prices and deepening concerns about demand in the world's second-largest poultry consumer. The sharp drop came as the government reported as many as 79 people died from H7N9 avian flu in January, far surpassing fatalities in recent years and taking the total this winter to 100. Click here to read full stories.
Feb 15 - Argentina looks to export more corn to Mexico -agriculture official
Argentina hopes to increase its corn exports to Mexico, where it sent less than 100,000 tonnes last year, as part of its effort to gain market share for its growing corn output, an Agriculture Ministry official told Reuters on Tuesday. The South American country also expects final approval to export fresh beef to the United States in April or May, Marisa Bircher, secretary of agroindustrial markets, said in an interview. Click here to read full stories.
Feb 15 - Egypt taps new supply and agriculture ministers in reshuffle
Egypt's parliament on Tuesday approved a cabinet reshuffle that included new ministers of supply and agriculture, posts dogged by controversy last year over erratic commodities policy that at times shook the global grain markets. Egypt, the world's biggest importer of wheat, baffled grain markets last year when it intermittently banned the common grains fungus ergot from wheat shipments, the result of a feud between the twoministries over import standards. Click here to read full stories.
Feb 15 - U.S. distillers grains exports drop 10 pct in 2016 - RFA
U.S. exports of the distillers grains, an ethanol by-product used as an animal feed, fell 10 percent in 2016 from the prior year's record peak due largely to a steep drop in purchases by China, according to industry data published on Tuesday. Annual exports of 11.48 million tonnes, or 31 percent of U.S. production last year, was still the second-highest export volume on record, according to the data compiled by the Renewable Fuels Association (RFA). Click here to read full stories.
Feb 15 - Australia's January grain exports jump to record of more than 4 mln T - traders
Australian grain exports likely surged to an all-time monthly high of more than 4 million tonnes last month, smashing the previous record by a third on strong demand from Saudi Arabia, China and India and lower prices amid a bumper crop. Exports hit 4.0-4.3 million tonnes in January compared with 3 million tonnes sold in first month of 2012, according to estimates from grain traders and analysts surveyed by Reuters. The estimated jump comes as Australia churns out more wheat and barley than ever before on near-perfect growing conditions. Click here to read full stories.
Feb 15 - Mozambique, South Africa brace for cyclone during peak maize season
A tropical storm heading for the coast of southern Mozambique is expected to develop into a cyclone with winds of up to 118 to 165 kms (70 to 100 miles) per hour, the South African Weather Service said on Tuesday. Mozambique, one of the world's poorest countries which is in the throes of a debt and financial crisis, is prone to flooding and is especially vulnerable after a scorching drought last year, as soils degraded or hardened by dry spells do not easily absorb water. Click here to read full stories.
Feb 15 - Asian CPO Tad Higher, Eyes on Export Estimates (Dow Jones)
Asian crude palm oil prices are slightly higher, as the market awaits for exports estimates for Malaysia palm oil due out from Intertek and SGS later in the session. The market will be looking to see how demand for the world's most used cooking oil is holding up following the Lunar New Year celebrations. The Bursa Malaysia benchmark palm oil contract is trading up 5 ringgit a ton at MYR3054 a ton.
Feb 15 - Thai Rice Export Prices Fall Ahead Of Govt Rice Stock Sales (Dow Jones)
Thai rice export prices are down between 1% and 2% in anticipation of the upcoming sale of 2.9 million metric tons of government rice stocks this month, says the US Department of Agriculture in a note. This tender will consist of 1.9 million tons of fragrant rice, 0.9 million tons of white rice, and 0.1 million tons of glutinous rice. The USDA adds that the government plans to issue public tenders for non-food grade rice stocks of around 5 million tons from March through May 2017, including 3.15 million tons of substandard rice, which is still usable as animal feed and 1.85 million tons of deteriorated rice that still can be used to produce ethanol.
Feb 15 - Australian Cotton Crop Expectations Likely Lowered (Dow Jones)
Expectations of a large Australian cotton crop will like be adjusted over time as weather forecasters say Australian cotton crops remain stressed by heat and dryness, says Tobin Gorey, an analyst at Commonwealth Bank of Australia. "No rain is forecast for this week, but forecasters say some may arrive in selected areas next week." The Australian government Tuesday said Australia was expected to produce 64% more cotton in the year to Mar. 31 than in the prior year.
Feb 14 - Asian CPO Closes Slightly Higher, Remains in Range (Dow Jones)
Asian crude palm-oil prices ended Tuesday's session slightly higher, but prices continue to trade in a tight range as investors look for news that production of palm oil particularly in Malaysia has started to pick up. Cargo surveyors Intertek and SGS will release data on exports for the first 15 days of the month, and this will likely provide some direction for data over the coming month. The Bursa Malaysia benchmark palm oil prices closed up 14 ringgit a ton at MYR3050 a ton.
Feb 14 - Drought Denting East Africa's Farm Output (Dow Jones)
Drought is shrinking harvests in East Africa, escalating grain shortage across one of Africa's key agricultural heartlands. The drought has driven cereal prices "near or at record levels" across East Africa, the United Nations says, spiking inflation rates in a region already pressured by global commodity price upheavals. It's a setback for a region that produced 17.6 million tons of corn last year, around 50% higher than a decade ago despite a strong El Nino weather event. Jacques Nel analyst with NKC Africa Economics contends political instability and mass displacements in conflict-ridden nations such as South Sudan, Burundi and Somalia are putting additional pressure on the region's food deficit.
Feb 14 - Vietnam Mulls Stockpiling Rice to Support Prices (Dow Jones)
Vietnam will likely stockpile rice this year to support prices amid anticipation that exports will face difficulties due to competition. The Vietnam Food Association has asked the government to work on the stockpiling plan, but adds doing so is just a temporary measure as farmers need to restructure their production for sustainability. World rice prices are expected to be lower this year on ample supplies from Vietnam, Thailand, India and Pakistan. The group notes Vietnam rice exports to other Asian market will decline as Indonesia turns into a net exporter, Malaysia diversifies suppliers and the Philippines has yet to decide how much it will buy. But it adds China will remain Vietnam's largest export market for rice.
Feb 14 - U.S. farmers race to sell 2017 soybeans before South American harvest
U.S. farmers are taking advantage of a surge in soybean prices and have sold ahead up to half what they expect to harvest this year, as huge global supplies and a record South American crop coming earlier than usual bode ill for later sales.Chicago Board of Trade November futures, which reflect the 2017 harvest, touched a two-month high on Friday and are up about 3 percent so far this month. That has lifted cash prices in some areas to over $9.50 a bushel, a level which should ensure a profit for farmers barring a major crop shortfall. Click here to read full stories.
Feb 14 - Money managers back away from soybeans despite rally -Braun
Over the past year, speculators have seemingly jumped at the opportunity to maintain or ramp up their bullish stance on Chicago soybeans, but when another chance arose last week, they did not bite.Hedge funds and other money managers cut their net long positions in CBOT soybean futures and options by a mere 2,538 contracts in the week ended Feb. 7, according to the U.S. Commodity Futures Trading Commission. Click here to read full stories.
Feb 14 - After Islamic State defeat, broken Iraqi farmers weigh heavy losses
Sami Yuhanna was making a decent living as a wheat farmer until a jihadist put a gun to his head and declared his land in Iraq's Nineveh province the property of Islamic State.An army offensive has cleared the militants from the eastern half of the provincial capital, Mosul, and nearby towns and villages like Qaraqosh, home to Yuhanna's fields Click here to read full stories.
Feb 14 - Crackdown on fake cotton helps revive Egypt crop
Egypt's most famous export, the silky soft cotton prized by makers of luxury bedding and clothing, has become so scarce as production has fallen that most supplies sold under its brand name last year were fake.But a surge in local cotton prices ahead of next month's planting season, and a crackdown on ersatz Egyptian cotton worldwide, are reviving interest in cultivating the long-neglected crop. Click here to read full stories.
Feb 14 - NOPA January soy crush forecast at 159.141 mln bushels
U.S. soybean crushings were seen easing in January from the previous month's levels on weakening soymeal demand from end users, analysts said.Analysts were expecting the National Oilseed Processors Association (NOPA) to report that its members crushed 159.141 million bushels of soybeans in January, based on the average of estimates given by six analysts. Click here to read full stories.
Feb 14 - Africa's richest man Dangote plans rice mill in Nigeria to tap growing demand
Dangote Group, controlled by Africa's richest man Aliko Dangote, plans to launch a rice mill with a farm scheme in Nigeria to tap growing demand for paddy in Africa's biggest economy, the company said on Monday.Rice demand in Nigeria hit 6.3 million metric tonnes (MT) in 2015, with 2.3 million metric tonnes produced at home, leaving the country reliant on imports, according to the agriculture ministry. Click here to read full stories.
Feb 14 - Australia produces record amount of wheat in 2016/17 season - ABARES
Australian farmers produced a record amount of wheat during the 2016/17 season, the country's chief commodity forecaster said on Tuesday, as ideal weather pushed the world's fourth largest exporter to production levels of more than 35 million tonnes.Australian wheat output during the 2016/17 season was finalised at 35.13 million tonnes, the Australian Bureau of Agriculture, Resource Economics and Rural Sciences (ABARES) said in its final production report for the season. Click here to read full stories.
Feb 14 - Romanian origin wheat lowest in Iraq's 50,000 T wheat tender
Wheat sourced from Romania was offered at the lowest price of $244.00 a tonne c&f free out, in atender by Iraq’s state grains board to buy at least 50,000 tonnes of hard wheat, European traders said on Monday.The tender closed on Sunday. No purchase had yet been made and offers were still being considered, traders said. Click here to read full stories.
Feb 13 - Asian CPO Ends Lower in Line With Soybean Oil Losses (Dow Jones)
Asian crude palm-oil prices end Monday's trading session lower tracking losses in soybean oil prices. The two commodities compete for a similar market, so the prices often move together. Investors will make fresh moves depending on monthly export estimates due to be released by cargo surveyors Intertek Agri Services and SGS (Malaysia) on Wednesday, traders say. Benchmark palm-oil futures for April delivery on the Bursa Malaysia Derivatives Exchange last traded MYR37 lower at MYR3,034/ton.
Feb 13 - Snow, avalanches, rain delay grain movement to U.S. ports
Severe winter weather has slowed rail deliveries of crops to shippers in the U.S. Pacific Northwest, sending freight rates soaring and prompting Asian buyers to seek fill-in loads as they wait for the backlog at ports to clear. Blizzards, avalanches and heavy rain in recent weeks have hit transport of corn, soy and wheat to ports where they head for the lucrative Asian market, adding to the struggles that have plagued U.S. exporters since harvest. Click here to read full stories.
Feb 13 - Huge U.S. corn exports face hurdles from S.American rivals -Braun
The United States appears well on its way to exporting the largest volume of corn in nine years, but there will be some hurdles to overcome in order to meet the full expectation for the season. The United States is the world’s No. 1 source for corn and while not the primary form of domestic use, exports are crucial in keeping the supply from piling up, something that was a bit of an issue early on last season. Click here to read full stories.
Feb 13 - Bird flu hits poultry markets in major Chinese city - media
Authorities in China's third-largest city warned that about 30 percent of its live poultry markets were contaminated with the H7N9 avian flu virus, as an eastern province ordered markets to shut, state media reported on Saturday. East China's Zhejiang province has ordered all markets across the province to halt live poultry trade on Saturday over bird flu concerns, state media Xinhua reported citing the province's Center for Disease Control and Prevention. Click here to read full stories.
Feb 13 - China to step up supervision of seed sector, GMO crops
China will step up its supervision of the country's seed sector in 2017 after investigations last year found illegal production of genetically modified (GM) corn seed, the Ministry of Agriculture said on Friday. China does not permit the planting of any GM varieties of staple food crops but last year the government admitted that several farmers had been found growing GM corn illegally. Click here to read full stories.
Feb 13 - Saudi govt approves 92 bln riyals support for agriculture, water, environment
Saudi Arabia has approved financial support for the environment, water and agriculture sectors worth 92 billion riyals ($24.5 billion) to help them meet their goals under the government's 2030 economic plan, the minister handling the sectors said on Sunday. Abdulrahman al-Fadhli, minister for environment, water and agriculture said in a speech at an industry conference his ministry had received "support" from the government to achieve 16 strategic goals which are in line with the economic transformation programme Vision 2030. Click here to read full stories.
Feb 13 - Bolivia fights locust plague threatening corn, sorghum harvests
Bolivian farmers and government officials are fighting a locust plague threatening corn and sorghum harvests, just as agricultural areas were starting to recover from the South American country's worst drought in a quarter century. The locusts, first reported in late January in Bolivia's eastern grains belt, have affected around 1,000 hectares (2,470 acres) of crops and 500 producers, said Vicente Gutierrez, president of a corn and sorghum producers group. Click here to read full stories.
Feb 13 - Yemen's wheat stocks will run out at end of March - UN
Yemen's estimated supplies of wheat will run out at the end of March, the U.N. Food and Agriculture Organization said on Friday in a report. It suggests Yemen, an impoverished country crippled by war and on the brink of a major famine, is facing an even more urgent wheat crisis than previously thought. On Jan. 27, the top U.N. aid official in the country told Reuters that Yemen had roughly three months' supply. Click here to read full stories.
Feb 13 - Asian CPO Prices Down on Expectations of Production Improvement (Dow Jones)
Asian crude palm-oil prices are slightly lower early in Monday's trading, but they remain stronger as expectations of improved production increase, says a Kuala Lumpur-based trader. Asian palm oil prices have remained high over recent months as production of palm oil has remained low in Malaysia due to damage to oil palms from dry conditions at the start of 2016. The Bursa Malaysia palm oil benchmark contract is trading down 12 ringgit a ton at MYR3059 a ton.
Feb 10 - Pimco sees upside in corn markets, cautious on soybeans, aluminium
Pacific Management Investment Co (Pimco), one of the world's largest bond funds, believes corn prices will outperform soybeans and is cautious about aluminium markets. The California-based fund management group, which manages $1.5 trillion of assets, or more than the annual output of the Australian economy, uses commodities to protect against inflation. Click here to read full stories.
Feb 10 - U.S. corn, wheat stocks view cut on bigger exports, ethanol -USDA
U.S. wheat supplies were seen shrinking below market estimates as the export outlook brightened despite ample global stocks and a firm dollar that had been viewed as a brake on overseas demand, the U.S. Agriculture Department said on Thursday. Domestic corn stocks also were seen falling below the government's previous outlook as ethanol makers ramped up production, USDA said in its monthly supply and demand report. Click here to read full stories.
Feb 10 - U.S. animal feed ingredients glut hangs over soymeal futures
U.S. supplies of animal feed are so plentiful that cash discounts to futures for soymeal fell to their widest level in at least 17 years this month and distillers' dried grains (DDGs) are selling at their lowest prices in more than two years. While speculators in the futures market have focused on potential damage to South American crops from bad weather, cash markets are sliding as soymeal, prized for its superior protein content, loses ground to rivals like DDGs, a by-product of milling corn into ethanol. Click here to read full stories.
Feb 10 - Fertilizer maker Agrium forecasts less profitable year than expected
Agrium Inc, a Canadian fertilizer maker and the world's biggest farm retailer, on Thursday forecast a less profitable year than expected and said its quarterly profit plunged. The Calgary, Alberta-based company said after normal trading hours that it expects to earn $4.50-$6 per share in 2017. The midpoint of $5.25 fell below analysts' average estimate of $5.45, according to Thomson Reuters I/B/E/S. Click here to read full stories.
Feb 10 - China January soybean imports rise 35 pct from year ago on crushing demand
China, the world's top soy buyer, imported 7.66 million tonnes of soybeans in January, the highest for the month since at least 2010, customs data showed on Friday, as delayed shipments arrived during the month and crushing demand remained strong. Imports were down 15 percent from last month's 9 million tonnes, but up 35 percent from a year ago, figures from the General Administration of Customs showed. Click here to read full stories.
Feb 10 - Green Plains sees 2017 U.S. ethanol exports at record
The U.S. ethanol industry is poised to export record volumes of the biofuel in 2017, said Green Plains Inc on Thursday, as the company forecast a year of demand growth and flagged plans to expand in food ingredients. Green Plains sees the total industry on track to export 1.1 billion or more gallons of the biofuel in 2017, even with China absent as a buyer,the company's President and Chief Executive Officer Todd Becker said on a conference call with investors. Click here to read full stories.
Feb 10 - EU raises 2016-17 maize stocks forecast, trims barley
The European Commission has raised its forecast for 2016-17 maize stocks slightly and trimmed projected barley stocks, according to a revised version of its monthly EU cereals supply-and-demand outlook released on Thursday. The updated figures posted on the Commission's website showed projected maize (corn) stocks of 10.16 million tonnes, compared with 9.95 tonnes million indicated in its initial version of the monthly report issued last week. Click here to read full stories.
Feb 10 - Palm prices to ease in 2017 on output recovery, competition from soy - Poll
Average palm oil prices are expected to fall in 2017 as output recovers, although price levels are likely to remain strong in the first half of the year due to low production and a weaker ringgit, a Reuters poll showed. The benchmark price for crude palm oil is set to average 2,650 ringgit ($596.44) a tonne this year, down 3.3 percent from 2,741 ringgit in 2016, according to the median estimate from a poll of 14 traders and analysts. Click here to read full stories.
Feb 10 - Chile algal bloom kills 170,000 salmon, raising concern
An algal bloom killed some 170,000 salmon in recent days in Chile, the world's second-biggest exporter of the fish after Norway, as they were being transported by boat, raising concern about an industry that was devastated by an outbreak last year. The current algal outbreak is not located near any of the salmon farms that dot southern Chile's coastline but has infested sections of the shipping lanes used by producers, the government's fisheries Sernapesca body told Reuters on Thursday. Click here to read full stories.
Feb 10 - Argentina agricultural machinery sales jump 27 pct in 2016
The number of units of agricultural machinery sold in Argentina grew by 26.8 percent in 2016 from a year earlier to 17,566, the government statistics agency said on Thursday. President Mauricio Macri has been trying to spur investment and rekindle economic growth in the world's No. 3 corn and soy exporter by slashing export taxes on corn and wheat and lowering them on soybeans since taking office in Dec. 2016. Click here to read full stories.
Feb 10 - Asian Palm Oil Prices Are Higher, Eyes On Stock Data (Dow Jones)
Asian palm oil prices are trading higher early Friday, as the market awaits the release of the Malaysia Palm Oil Board data shortly. The market will be looking to see whether or not palm oil stock in Malaysia have started to rebuild in January and if demand for palm oil has continued to hold up. Malaysia palm oil export estimates from cargo surveyors Intertek and SGS for the first 10 days of January is also due out later in the session. The Bursa Malaysia benchmark 3-month palm oil contract is trading up 27 ringgit at MYR3125 a ton.
Feb 09 - After garlic crush, China farmers singed by red-hot chilli market
Chinese farmer Gao Ge was worried. The 27-year-old from Shandong province had chosen not to sell his freshly picked chilli pepper crop after prices soared by almost a third in just two weeks in November, hoping for even higher prices. Speculators were scooping up tonnes of the spicy fruit, betting on tight supplies as hot temperatures and heavy rain damaged the nation's crop, cutting it by 10 percent. Click here to read full stories.
Feb 09 - Brazil 2016-17 soybean crop seen at record 104.7 mln tonnes
Brazil's 2016-17 soybean crop will reach a record 104.7 million tonnes, favored by good weather as the harvest gains pace in important growing regions, according to an average of 19 analysts and groups polled by Reuters on Wednesday. The latest estimate is up from a January poll that put the crop at 103.5 million tonnes. It would represent an increase of 9.7 percent over the 2015-16 harvest. Click here to read full stories.
Feb 09 - China cuts corn surplus estimate on higher demand, lower imports
Beijing on Thursday curbed its forecast on China's 2016/17 corn surplus due to better-than-expected domestic demand and lower imports, as it embarks on a strategy to erode its vast stockpile, curb acreage and boost consumption. In its monthly crop report, the Ministry of Agriculture said it expected surplus supply for the 2016/17 season that ends in September to total 4.41 million tonnes, down from last month's prediction of 5.11 million tonnes. That would be way below 33.73 million tonnes in 2015/16. Click here to read full stories.
Feb 09 - U.S. grain, ethanol groups urge Trump to address China trade tariffs
Three industry groups representing U.S. grain and ethanol producers urged the White House and U.S. trade officials this week to prioritize industry complaints against China over import duties on U.S. ethanol and distiller's dried grains (DDGS) animal feed. China last month increased punitive tariffs on imports of U.S. DDGS and ethanol, leading to the cancellation of several shipments from the United States. China has in recent years become a top importer of both products. Click here to read full stories.
Feb 09 - Has the cold winter disturbed Black Sea wheat? - Braun
This winter has been one of the colder ones in recent memory for Eastern Europe, and the condition of the winter wheat – its signature crop – has come into question recently as yet another frigid spell has struck the region. The importance of the Black Sea region in global grain trade continues to rise and it is currently the world’s leading wheat supplier. In 2015/16, Russia and Ukraine together constituted 25 percent of global wheat trade – and this share is set to climb in 2016/17. Click here to read full stories.
Feb 09 - China sees 2016/17 cotton consumption at 7.59 mln tonnes
China will consume 7.59 million tonnes of cotton in the 2016/17 year, up slightly from last month's forecast of 7.54 million tonnes, the agriculture ministry said on Thursday. The ministry also revised its forecast for cotton ending stocks for the year that finishes in August to 9.13 million tonnes, down from last month's forecast of 9.18 million tonnes. Click here to read full stories.
Feb 09 - Russia's Phosagro launches secondary share offering
Russian fertiliser producer Phosagro said on Wednesday it planned to sell up to 5 percent of its share capital as investors' appetite for Russian assets recovers. The company offered shares at 2,500-2,600 roubles ($42.19-$43.88) each in the secondary share placement, a financial source and a source close to the placement told Reuters. Click here to read full stories.
Feb 09 - Second strain of foot-and-mouth disease confirmed in S.Korea
A second strain of foot-and-mouth disease has been confirmed at a dairy farm in South Korea, three days after an outbreak was first reported, the country's agriculture ministry said on Thursday. The A-type virus strain of the disease was discovered at the farm in Yeoncheon, north of Seoul, in addition to the O-type virus strain found earlier, Kim Kyeong-kyu, deputy minister for food industry policy, told a briefing. Click here to read full stories.
Feb 09 - China Seen to Import 800,000 Tons Of Corn In 2016/17 (Dow Jones)
China is expected to import 800,000 tons of corn in the year to Oct. 31, down 20% on previous estimates, largely due to the stabilization of domestic corn prices, the Ministry of Agriculture says in it's monthly supply and demand estimate. It adds that consumption in the corn industry will likely increase by 500,000 tons, mainly due to plant processing increasing more the expected. It adds that as a result it now expects a corn surplus of 4.41 million tons in 2016/17, down 700,000 tons on its previous forecast.
Feb 09 - Australia's Wheat Yields Have Not Increased Since 2015 (Dow Jones)
Australia's average wheat yields didn't increase from 1990 to 2015, as Australia's wheat growing zone experienced an average rainfall decline of 2.8 millimeters, or around 28%, per cropping season, while temperatures were up by around 1 degree Celsius, says the Commonwealth Scientific and Industrial Research Organization, an Australian government corporate entity. "These observations are consistent with the higher end of future climate change projections for the wheat zone over the coming 26 years." CSIRO team leader Zvi Hochman says the results are a serious concern to the future livelihood of wheat farmers in marginal growing areas and to the Australian economy, as well as future global food security.
Feb 08 - Asian CPO Ends Higher on Hopes of Lower Inventories (Dow Jones)
Asian crude palm oil futures end higher Wednesday, on expectations of lower palm oil stocks led by a drop in production and rising exports. Investors will make their next moves based on significant production data to be released by the Malaysian Palm Oil Board on Friday. "Traders are anticipating a wider fall in palm oil output. That will put further pressure on stocks," says David Ng of Philip Futures in Kuala Lumpur. He expects prices to remain range-bound between 3000 ringgit and MYR3150 per ton. Benchmark palm oil futures for April delivery on the Bursa Malaysia Derivatives Exchange last traded up MYR14 at MYR3,096/ton.
Feb 08 - China corn demand lifted by anti-dumping move on distiller's grains-think tank
China will consume more corn in 2016/17 than previously forecast as demand for the grain in livestock feed will rise after China slapped anti-dumping duties on U.S. distiller's dried grains, an influential report said on Wednesday, pushing up prices. In a daily report, the China's National Grain and Oils Information Center (CNGOIC), an official think-tank, raised its estimate for corn consumption for the 2016/17 season to end-September to 197.6 million tonnes, up 21 million tonnes from the 2015/16 year. Click here to read full stories.
Feb 08 - Syngenta sees ChemChina takeover closing in Q2
Swiss pesticides and seeds group Syngenta expects its $43 billion takeover by ChemChina to close in the second quarter of 2017 as it makes progress in winning regulatory approval for the deal, it said on Wednesday. The transaction is important for China, the world's largest agricultural market, which is seeking to secure the food supply for its huge population. Click here to read full stories.
Feb 08 - ADM expects lift from Trump reforms, downplays trade concern
U.S. agricultural trader Archer Daniels Midland Co said on Tuesday it expects to benefit from several major policy changes proposed by President Donald Trump and believes it can adjust to any potential disruptions to trade with key partners such as Mexico. ADM sees "undeniable positives" in proposals from U.S. tax policy reform and lower corporate taxes to deregulation and investments in infrastructure, the company said after reporting a drop in quarterly profit on Tuesday. Click here to read full stories.
Feb 08 - India's wheat imports rise above 5 mln T, biggest in decade
India has bought more than five million tonnes of wheat since mid-2016, already its biggest annual purchase in a decade, after it began an import campaign to meet a supply shortfall left by two years of lower production. The country is slowing down imports ahead of the harvest in April and purchases in the months ahead will depend on production this year, two traders told Reuters on Wednesday. Click here to read full stories.
Feb 08 - Global dairy prices rise on tight supply, strong Chinese demand
Global dairy prices rose for the second time this year at an auction held on Wednesday, consolidating farmers' hopes of a recovery. Average prices climbed 1.3 percent at the Global Dairy Trade auction, which takes place twice a month, with an average selling price of $3,537 per tonne. Click here to read full stories.
Feb 08 - Minnesota investigates origin of crop-threatening weed
Minnesota has launched an investigation to find the source of seed mixes contaminated with weed seeds after the aggressive, herbicide-resistant Palmer amaranth weed was found on 30 areas planted in a federal conservation program. Click here to read full stories.
Feb 08 - Brazil's JBS shares slip as prosecutors target J&F's Batista
Shares in JBS SA, the world's biggest beef exporter, slid on Tuesday after prosecutors demanded Joesley Batista step aside as head of JBS' controlling shareholder, J&F Investimentos SA. Common shares fell as much as 6.2 percent to 11.29 reais in early trading before paring losses to 0.6 percent in a rising market. Click here to read full stories.
Feb 08 - Asian CPO Higher on Stronger U.S. Dollar (Dow Jones)
The Asian CPO prices are sharply higher in early trading following a rally in the USD overnight that has supported prices in the ringgit-denominated palm-oil contract. Focus for the market is now on the release of the Malaysia palm-oil board data due out on Friday, with investors looking to see whether there is any build in palm-oil stocks. The Bursa Malaysia benchmark 3-month palm-oil contract is trading up 36 ringgit at MYR3,118 ringgit a ton.
Feb 08 - Pakistan to Top India as Top Basmati Rice Exporter (Dow Jones)
India might lose its position of the world's top rice exporter to Pakistan due to lower purchases by top-buyer Iran. That country has fixed its import price at $850/ton, which doesn't suit Indian suppliers due to higher transportation costs, says an official at India's Agricultural and Processed Food Products Export Development Authority. "This is likely to benefit Pakistan," which borders Iran. Indian exporters have asked Iran to fix the import price around $900 for trade to be cost-effective, the official adds. Iran imports about 1 million ton of rice annually to add to its local production of about 2 million, and some 700,000 tons of the long-grain, high-quality basmati variety is imported from India.
Feb 08 - Whole-Milk Powder's Rally Not Seen Lasting (Dow Jones)
Front-month whole-milk-powder futures have seen hefty gains following increases in the overnight auction. But Commonwealth Bank of Australia analyst Tobin Gorey says the rally is expected to peter out once futures calibrate to those auction results. NZX February whole-milk powder is up 3.1% at US$3,300/ton.
Feb 08 - Global Dairy Price Gain Defies Pessimism (Dow Jones)
Global dairy prices rose slightly in the auction overnight beating expectations of a modest fall, says Nathan Penny, senior rural economist at ASB Bank. "From here, we expect prices to track largely sideways. The auction overnight showed good buying interest from key regions such as north Asia (read China), consistent with firm demand at current price levels." It adds that dairy supply from New Zealand, the world's largest exporter, has stabilized in recent months, although it is expected to be down up to 5% over the entire season. The Global Dairy Trade price index rose 1.3% overnight, with whole milk powder up 1.0% to US$3,314 per metric ton.
Feb 07 - Asian CPO Gains on Production Drop, Hopes of Better Exports (Dow Jones)
Asian crude palm oil future prices end Tuesday's session higher on expectations of a rise in export demand amid poor production in top-producer Malaysia. "Stronger exports and a fall in output are positive factors in the short-run," says David Ng of Philip Futures in Kuala Lumpur. January output in Malaysia has been affected by heavy flooding that disrupted harvesting. But production is likely to improve from end of March, Ng says. He expects palm oil prices to remain between MYR3000/ton and MYR3150/ton this week. Benchmark palm oil futures for March delivery on the Bursa Malaysia Derivatives Exchange last traded MYR17 higher to MYR3,085($696)/ton.
Feb 07 - China's latest farm policy shifts focus from output to demand
China is embarking on a major shift in its agriculture policy, abandoning its long-held obsession with self-sufficiency in favour of better meeting consumer demand, a key rural policy document shows. Breaking with the tradition of the past six years, the closely watched "number one document" published late on Sunday omitted any reference to "basic self sufficiency" in food crops, a key pillar of the country's agriculture policy over the past decade. Click here to read full stories.
Feb 07 - Tyson reveals subpoena linked to alleged price fixing
Tyson Foods Inc disclosed on Monday it has received a subpoena from the U.S. Securities and Exchange Commission following allegations it conspired with rivals for years to fix chicken prices. The chicken sector, which is dominated by a handful of large meat companies, has come under increased scrutiny over the past year as customers and farmers have alleged antitrust violations relating to pricing, production and compensation. Click here to read full stories.
Feb 07 - Brazil wheat hits export markets after large crop - port data
Brazil, traditionally one of the world's largest wheat importers, has exported several shipments of the grain recently as a large domestic crop and a government subsidy make the exports competitive abroad, according to data from ports. Brazil exported 338,000 tonnes of wheat in December and January and is expected to ship 244,000 tonnes more during February, according to shipping agency Wilson Sons. China, South Korea and Vietnam are among the main destinations of the grain. Click here to read full stories.
Feb 07 - South African minister convinced pesticides can contain armyworms
South Africa's agriculture minister is convinced pesticides will be able to contain an outbreak of armyworms that threatens to cause extensive damage to crops, he told 702 Talk Radio on Tuesday. Agriculture, Forestry and Fisheries Minister Senzeni Zokwana said pesticides have been successfully tested in South Africa. The next step is to register the pesticide producers to ensure they comply with needs of farmers and consumers. Click here to read full stories.
Feb 07 - Strategie Grains cuts EU rapeseed crop forecast on winter damage
Consultancy Strategie Grains cut by about 500,000 tonnes its forecast for this year's European Union rapeseed harvest to 21.56 million tonnes, mainly due to expected damage to crops from severe cold last month in the east of the bloc. "Winter damage is expected to affect mainly Hungary and Bulgaria and to a lesser extent Poland, Slovakia and the Czech Republic," it said in a report on EU oilseed markets. Click here to read full stories.
Feb 07 - Brazil's Vale expects $1.2 bln fertilizer impairment in 4th qtr
Brazilian mining company Vale SA said on Monday it expects to book a $1.2 billion impairment charge for its fertilizer division when it reports fourth quarter results on Feb. 23. In an SEC filing, the company said the impairment was the result of the valuation associated with the sale of part of its fertilizer division to Mosaic Co for $2.5 billion, agreed in December. Click here to read full stories.
Feb 07 - Morocco threatens to cut EU ties if farm deal founders
Morocco's government said on Monday it would end economic cooperation with the European Union if the bloc does not honour a farming deal, weeks after an EU court ruled that trade accords do not apply to the disputed Western Sahara region. In a statement to MAP state news agency, the agriculture ministry said the EU should resist any attempts to block Moroccan products entering into the European market but did not explain why the pact might be at risk. Click here to read full stories.
Feb 07 - China's Milk Powder Imports to Accelerate in 2017 (BMI Research)
China's milk powder import demand will accelerate this year and come in stronger than generally expected, says BMI Research in a note. It says this will be driven by local dairy stocks that will likely show signs of decline, while Chinese authorities reveals in January 2017 that births in the country rose by 7.9%. "We believe the increased number of newborns in 2016 and 2017 will also support milk powder and infant milk import demand." It adds that longer term it is expected Chinese demand growth will reach 7% year on year in 2021.
Feb 07 - South Korea Approves 470,000 Tons of Rice for Feed Use (Dow Jones)
South Korea has approved the use of 470,000 metric tons of rice to be used for feed in 2017, while an increase in rice prices has depleted old and deteriorating stocks, the US Department of Agriculture in a note. "It will also lead to a decrease in the overall demand for other feed grains." It adds that due to the relative price competitiveness of feed grade corn over feed grade wheat, it forecasts lower consumption and imports for feed grade wheat in the year ended to June 30.
Feb 07 - India's Wheat Planting Sets Record Despite Cash Crisis (Dow Jones)
Indian farmers have planted a record area to wheat in the current winter crop season, boosting expectations of a bumper crop and signaling that the "cash crisis has no bearing on farming operations," says Harish Galipelli, a trader at Inditrade Derivatives and Commodities. Still, he says "reduced crop management and unfavorable weather in the coming months may cut yields." Area under wheat as of Feb. 3 was up about 7%, at 31.78 million hectares, government data showed, beating the 31.5 million hectares planted in 2013-14.
Feb 06 - Armyworms In Africa Threaten Global Grain Trade (Dow Jones)
Fall armyworms currently ravaging corn fields across Africa may spread to Asia and the Mediterranean in the next few years, threatening agricultural trade worldwide, says Centre for Agriculture and Biosciences International. The pests, which are indigenous to the Americas had not previously been detected outside the region until last year, when they spread to West Africa before making their way to the South. The pest affects mainly corn, but it can also eat more than 100 different plant species, causing major damage to economically important crops including rice, sorghum and sugarcane, the UK-based Research group says. "The fall armyworm is spreading very rapidly outside the Americas," says the group's chief scientist, Matthew Cock "Urgent action will be needed to prevent devastating loses."
Feb 06 - Asian CPO Ends Higher on Low Stocks, Better Exports (Dow Jones)
Asian crude palm oil prices end higher Monday, driven by dwindling inventories and improvement in demand. Production in top grower Malaysia has been impacted by monsoon rains as demand has improved from China. Investors will look forward to monthly export estimates due to be released by cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd. later this week. Benchmark palm-oil futures for April delivery on the Bursa Malaysia Derivatives Exchange last traded 12 ringgit higher at MYR3067 per ton.
Feb 06 - China targets green, branded food products as part of farm reform
China will promote high-quality, branded farm products as it reforms its agricultural sector to meet demand from a growing middle class and boost rural incomes, the government's first policy statement of the year shows. Beijing is trying to modernise its sprawling farm sector, the world's largest, and rebalance output away from basic grains towards foods such as meat, dairy and other value-added products increasingly in demand from its urbanising population. Click here to read full stories.
Feb 06 - Malaysia end-Jan palm oil stocks seen falling to 5-month low - survey
Malaysia's palm oil inventories likely fell to the lowest level in five months at end-January, led by a sharp fall in production and firmer exports, underpinning prices already tracking near more than four-year highs. Palm oil futures on the Bursa Malaysia Derivatives exchange have dipped 3.5 percent since the start of the year, but remain not far off the 3,202 ringgit ($724.11) per tonne touched on Dec. 19. Palmoil was last down 0.1 percent at 3,052 ringgit on Monday morning. Click here to read full stories.
Feb 06 - China will set more "appropriate" wheat, rice prices -official
Beijing will set more "appropriate" minimum state purchase prices for wheat and rice that reflect broader market conditions, a senior government official said on Monday. That marks the first official sign the government may lower prices amid a global glut. Click here to read full stories.
Feb 06 - U.S. ethanol producers pump at record levels, policy clouds loom
U.S. ethanol producers pumped out the biofuel at a record pace last week, but higher output belies growing concern in the industry that policy changes in the United States and China could upend demand for their product. The ethanol industry in the United States has grown dramatically over the last decade as the biofuel volumes Washington required oil firms to blend into gasoline and diesel rose toward targets set by Congress in 2007. Demand for ethanol from China, Brazil and Mexico gave added momentum to industry expansion. Click here to read full stories.
Feb 06 - Canada canola stocks shrink, wheat stocks balloon
Canadian canola stocks shrank year over year on brisk demand, while wheat and durum supplies swelled after a big harvest, Statistics Canada data showed on Friday. Statscan, using a farmer survey, pegged canola stocks in commercial and on-farm storage as of Dec. 31, 2016 at 12.2 million tonnes, matching trade expectations and declining 10 percent year over year. Click here to read full stories.
Feb 06 - South Africa confirms presence of invasive pest that infests maize
South Africa's department of agriculture said on Friday that scientific tests have confirmed the presence of the invasive fall armyworm in the maize belt, the first time the crop-damaging pest has been detected there. Countries with confirmed outbreaks can face import bans on agricultural products because the armyworm is classified as a quarantine pest. Click here to read full stories.
Feb 06 - Asian CPO Prices Stabilize in Past Week, but Still High (Dow Jones)
Asian palm oil prices have stabilized in the past week but remain high, says Capital Economics in a note. It adds, however, that prices are expected to fall in the next few months as Malaysia's production revives after El Nino-related adverse weather last year. The next key event will be the release of the Malaysia Palm Oil Board data, due at the end of the week, with the market looking to see whether there has been any rebuild in stocks. Benchmark palm-oil futures for April delivery on the Bursa Malaysia Derivatives Exchange last traded 17 ringgit lower at MYR3,0565/ton. Click here to read full stories.
Feb 03 - Asian CPO Ends Lower on Supply Worries (Dow Jones)
Asian crude palm oil price futures end lower Friday tracking losses in soybean prices, which weighed on investor sentiment. Both palm oil and soy oil compete to gain a larger share of the world market, so the prices often move together. Benchmark palm-oil futures for April delivery on the Bursa Malaysia Derivatives Exchange last traded MYR16 lower at MYR3,056/ton. Click here to read full stories.
Feb 03 - Brazil to ease foreign land ownership with restrictions - minister
Brazil should push through a bill in the first of half of this year to ease limits on foreign purchases of agricultural land in a bid to rekindle economic growth, the agriculture minister said in an interview, adding it would be accompanied by measures to prevent speculation and ensure farms are not left idle. The bill, which is with the president's chief of staff and must go before Congress, is part of a broad series of reforms from oil to airlines as the new government seeks to unwind 13 years of protectionist leftist policy and reverse Brazil's worst recession on record. Click here to read full stories.
Feb 03 - EU set to approve ChemChina's $43 bln bid for Syngenta - sources
ChemChina is set to secure conditional EU antitrust approval for its $43 billion bid for Swiss pesticides and seeds group Syngenta, the largest foreign acquisition by a Chinese company, two people familiar with the matter said on Thursday. The deal is important for China, the world's largest agricultural market, which is seeking to secure the food supply for its huge population. Syngenta's portfolio of top-tier chemicals and patent-protected seeds would boost its potential output. Click here to read full stories.
Feb 03 - U.S. soybean exports are shining, but not shocking: Braun
Soybean shippers in the United States - the world’s leading supplier between September and March - have been extremely busy pushing out record volumes of the oilseed overseas. But even though more than two-thirds of the yearly volume has already left U.S. ports, the marketing year is far from over and what happens in the next seven months will have a huge impact on domestic soybean supply and ultimately, soybean futures prices. Click here to read full stories.
Feb 03 - Russia to ban beef imports from New Zealand
Russia plans to temporarily ban imports of beef and beef products from New Zealand from Feb. 6 after finding the feed additive ractopamine in some samples, Russia's agriculture safety watchdog said in a statement on Thursday. The watchdog, known as Rosselkhoznadzor in Russian, said it was also considering banning fish imports from New Zealand due to traces of mercury in some supplies. Click here to read full stories.
Feb 03 - Top U.S. chicken processors face lawsuit over farmer pay
A group of U.S. chicken farmers sued the country's biggest poultry processors, including Tyson Foods Inc, for allegedly conspiring to depress their pay, the latest accusation of improper collusion in the sector. Tyson, Pilgrim's Pride Co, Sanderson Farms Inc and other companies illegally agreed to share detailed data on grower pay with one another to keep compensation below competitive levels, according to the civil lawsuit filed last Friday in a federal court in Oklahoma. Click here to read full stories.
Feb 03 - Bird flu virus found in Belgium, steps taken to contain it - statement
Belgian authorities found the H5N8 bird flu virus at a farm north of Brussels on Feb.1 and imposed measures to contain the spread of the highly contagious virus, the Belgian agriculture ministry said on its website on Thursday. The virus was found at a site belonging to a bird enthusiast in the area of Lebbeke. Click here to read full stories.
Feb 03 - Prix du lait/Bio : Pas question de « se faire aplatir comme des crêpes ! » (France Agricole)
Alors que les négociations commerciales se poursuivent et qu’a lieu aujourd’hui la chandeleur, l’OP (organisation de producteurs) lait bio Seine et Loire prévient que le lait bio « ne peut être bradé et devenir une nouvelle victime » des distributeurs.
« Que la chandeleur 2017 mette en lumière la vraie valeur du lait biologique ! » Tel est message lancé par l’OP (organisation de producteurs) lait bio Seine et Loire le 1er février 2017 dans un communiqué de presse. Les producteurs marquent ainsi leur opposition « aux stratégies de prix bas toute l’année ou de promotions régulières [de] la majorité des distributeurs. Ces stratégies commerciales détruisent la valeur du produit « lait bio » et la rémunération des producteurs ».
« Des ruptures d’approvisionnement dans les magasins »
L’OP rappelle que la filière manque de matière première allant jusqu’à « des ruptures d’approvisionnement en magasin ». Pourquoi ? À cause des conditions météorologiques de 2016. « Au début de février, de nombreux foyers mettront un terme aux festivités hivernales de manière gourmande autour de délicieuses crêpes. Les producteurs de lait bio souhaiteraient promouvoir à cette occasion ses bienfaits mais celui-ci vient à manquer cruellement. »
Souhaitant accueillir de nouveaux producteurs dans la filière, l’OP lait bio Seine et Loire demande « aux transformateurs, aux distributeurs et aux consommateurs de ne pas rentrer dans le jeu du prix le plus bas car la vente de lait biologique doit permettre à tous les acteurs de la filière, dont le premier maillon est composé des producteurs, de rémunérer correctement leur travail et leur investissement au quotidien. »
Feb 02 - Improved Exports Lift Asian CPO (Dow Jones)
Asian crude palm oil futures end Thursday's session higher buoyed by robust export performance. Malaysia's palm oil exports during January 1-31 are estimated up 8.13% from a month ago at 1,174,893 metric tons, cargo surveyor Intertek Agri Services said Wednesday. Another surveyor, SGS (Malaysia), estimated exports were up 4.3% on month at 1,157,288 metric tons. The stronger exports "is seen supporting palm oil prices," says David Ng of Philip Futures in Kuala Lumpur. He expects prices to remain range-bound between MYR3000/ton and MYR3150/ton in the next couple of days. Benchmark palm oil futures for April delivery on the Bursa Malaysia Derivatives Exchange last traded MYR50 higher at MYR3079/ton.
Feb 02 - Trump trade plans, S. America crops could hurt U.S. farm exports
U.S. farmers and grain handlers may be stuck with a bigger-than-expected portion of the massive stockpile of corn and soybeans harvested last fall as uncertainty about trade polices under U.S. President Donald Trump threatens to upend exports. Domestic demand tends to be relatively steady from year to year, so the typical escape hatch for an abundance of corn and soybeans is the export market. Overseas buyers turn to countries looking to unload supply gluts, hoping for cheaper prices. Click here to read full stories.
Feb 02 - Canada wheat stocks seen swelling, while canola supplies shrink
Canada's year-end stockpiles of wheat, durum and barley swelled year over year after a big harvest, but brisk demand has whittled canola supplies sharply, according to a Reuters survey of 12 traders and analysts ahead of a Statistics Canada report. All-wheat stocks in commercial and on-farm storage are estimated to have climbed 13 percent to 24.2 million tonnes as of Dec. 31, 2016, according to the average estimate. Click here to read full stories.
Feb 02 - EU slashes maize stocks forecasts on higher use in ethanol
The European Commission sharply cut its outlook for maize stocks in the European Union at the end of the 2016/17 season to take account of higher use of maize in ethanol than previously thought over the past five seasons, it said on Wednesday. In monthly supply-and-demand data posted on its website, the Commission put maize ending stocks in 2016/17 at 9.95 million tonnes against 15.9 million estimated last month. Click here to read full stories.
Feb 02 - Russian winter grain sowing unaffected by weather - minister
Russian winter grains remain unaffected by winter weather so far this season and crop yields could be quite high in 2017, Agriculture Minister Alexander Tkachev said on Wednesday. One of the world's largest wheat exporters, Russia harvested a record grain crop of 119 million tonnes in 2016, and analysts say prospects for the 2017 crop are good so far. Click here to read full stories.
Feb 02 - Heavy rains damage crops after drought in Zimbabwe
Heavy rains have battered crops in Zimbabwe, threatening its food staple, maize, and its cash tobacco crops just months after the worst drought in a quarter century, the head of the commercial farmers' union said on Wednesday. More than 4 million Zimbabweans need food aid until the end of March because of the 2016 drought which also scorched crops in other southern African countries. Click here to read full stories.
Feb 02 - Rising prices set to bite U.S. bacon lovers
Bacon lovers beware: U.S. prices for the greasy salty meat are set to jump in the coming months due to dwindling supplies. Wholesale prices for U.S. pork bellies that are sliced into bacon on Wednesday touched $1.73 per pound, the highest since August 2015. In January, prices climbed 56 cents - the largest monthly spike in at least four years, according to U.S. Department of Agriculture (USDA) data. Click here to read full stories.
Feb 02 - Fonterra raises Australia farmgate milk price to A$5.20
Dairy giant Fonterra on Wednesday raised its Australian farmgate milk payout slightly to A$5.20 ($3.97) per kilogram of milk solids, in line with its forecasts, as falling production pushed up prices. The A$0.10 per kilogram increase by the New Zealand co-operative comes amid a recovery in global dairy prices that began last year after two years of falls. Click here to read full stories.
Feb 02 - Asian CPO Likely to Remain Supported by Indonesia Stocks Data (Dow Jones)
The Bursa Malaysia palm oil contract will likely remain supported by data from Indonesia that shows palm oil stocks fell 37% in December from November and that production was also lower. Supplies of palm oil out of both Indonesia and Malaysia have fallen sharply over 2016 due to a significant El Nino event hitting the region, bringing with it dry, hot conditions. Benchmark palm-oil futures for April delivery on the Bursa Malaysia Derivatives Exchange closed MYR41 lower to MYR3,029/ton on Tuesday. The market was closed Wednesday.
Feb 02 - Vietnam Cotton Imports Rise Along With Yarn Output (Dow Jones)
Vietnam's cotton imports--largely from the US-- have turned upwards in recent months and were at record levels from August-November, says the USDA, adding Vietnam is now the largest producer of cotton yarn, ahead of India and Pakistan. "Vietnam's strength relative to India and Pakistan may have several sources. Both India and Pakistan have faced crop shortfalls and tighter stocks in the last year, which led to comparatively high internal prices even as China's domestic prices were becoming more competitive." The USDA adds Vietnam's yarn output is also likely supported by China's ASEAN free-trade agreement, which allows duty-free access for yarn into China.
Feb 02 - Corn Prices Likely to Be Muted Over Short Term (Dow Jones - BMI Research)
Corn prices will be muted in the short term as bearish speculative sentiment has unwound and prices are showing a bearish divergence on a technical basis, says BMI Research in a note. "With good weather expected in the southern hemisphere growing regions and risk appetite in financial markets temporarily waning, we anticipate corn prices to hold resistance around US 375 cents/bushel." BMI Research adds that it anticipates the market will remain in surplus in the upcoming 2017-18 season, but it will be comparatively small, which will prevent a significant rally in prices.
Feb 01 - Brazil soybean export lineup up 97 pct from year ago
The lineup of vessels expected to load soybeans at Brazilian ports over the next month shows a spike in shipments to around twice the level of a year ago due to a speedy harvest and strong global demand. Port schedules suggest around 4.39 million tonnes of soybean exports in February and early March, 97 percent more than a year ago, according to data from shipping agency Wilson Sons compiled by Reuters on Tuesday. Click here to read full stories.
Feb 01 - Trump puts U.S. food, farm companies on edge over Mexico trade
U.S. food producers and shippers are trying to speed up exports to Mexico and line up alternative markets as concerns rise that this lucrative business could be at risk if clashes over trade and immigration between the Trump administration and Mexico City escalate. Diplomatic relations have soured fast this month, as the new U.S. administration floated a 20 percent tax on Mexican imports and a meeting between the presidents of the two countries was canceled. U.S. President Donald Trump has also pledged to renegotiate the North American Free Trade Agreement (NAFTA) trade deal with Mexico and Canada. Click here to read full stories.
Feb 01 - Egypt to hire inspection company, pay small premium, to deter local wheat smuggling
Egypt will pay farmers a small premium on world prices for local wheat this season and hire an inspection company to prevent fraud in local procurement, a government statement said on Tuesday. Earlier this month Egypt said it would pay farmers global prices for wheat as part of reforms aimed at curtailing fraud. Click here to read full stories.
Feb 01 - Rain only a temporary distraction for Brazil soy harvest -Braun
Brazil has just begun harvesting what could be its largest-ever soybean crop and although there has been concern over interrupting rains, there is technically no cause for anxiety over the harvest progress just yet. Brazil is the leading global supplier of soybeans, and those in its top producing state Mato Grosso are among the first to be harvested and reach the export market. As of Jan. 27, farmers in the Center-West state had collected 16.3 percent of the total planted area. Click here to read full stories.
Feb 01 - Global ag tech startup investments drop 30 pct in 2016 - study
Global investments in agriculture technology startups fell 30 percent in 2016 as investor interest in companies offering drones and satellite-guided farm machines cooled following the biggest capital inflow ever a year earlier, according to a study released on Tuesday. Still, the number of deals grew 10 percent from 2015 to a record 580, and the $3.23 billion invested by venture capitalists and others was the second highest annual total on record for the sector, according to the annual report from food and agriculture investment platform AgFunder. Click here to read full stories.
Feb 01 - USDA December soybean crush seen at 170.6 mln bushels
The U.S. Department of Agriculture's monthly report on oilseed crushings will likely show that about 5.119 million short tons, or 170.6 million bushels, of soybeans were processed in December, a Reuters poll of eight analysts showed on Tuesday. Their estimates ranged from 170.0 million to 172.5 million bushels. The median forecast was 170.4 million bushels. Click here to read full stories.
Feb 01 - Euronext suspends rapeseed futures to review specifications
Euronext said on Tuesday it was temporarily suspending its rapeseed futures and options contracts to review their technical specifications with industry players. The rapeseed futures and options contracts for the August 2019 expiry month and onwards, which were due to be listed on Feb. 1, will not be made available to trade, the exchange said in a statement. Click here to read full stories.
Feb 01 - Egypt to raise cooking oil prices at subsidised outlets
Egypt will raise the price of cooking oil by 20 percent at government outlets starting on Wednesday, a Ministry of Supply official said on Tuesday. Cooking oil will jump to 12 Egyptian pounds ($0.6417) per 800ml bottle from 10 pounds currently and sugar will increase to eight pounds per kilogram from seven. Click here to read full stories.
Jan 31 - Asian CPO Ends Lower Amid Unease About Trump Policies (Dow Jones)
Asian crude palm-oil prices end lower Tuesday amid fragile investor sentiment following US President Donald Trump's announcement on curbs on travel to the US from seven nations with a Muslim majority. The new policies "are making investors nervous," traders say. A fall in crude prices due to growing U.S. output at a time of cutbacks by major oil producers has also impacted palm-oil prices, traders say. US crude for March delivery fell 54 cents, or 1%, to $52.63 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, fell 29 cents, or 0.5%, to $55.23 a barrel on London's ICE Futures Exchange. Investors are looking forward to monthly export estimates to be released by cargo surveyors Intertek and SGS, before embarking on fresh trading moves. Benchmark palm-oil futures for April delivery on the Bursa Malaysia Derivatives Exchange last traded MYR38 lower at MYR3032/ton.
Jan 31 - Indonesian Palm-Oil Stocks Tumble on Low Production, Higher Demand (Dow Jones)
Palm-oil inventories in Indonesia have dropped, thanks to growing local demand and a fall in production. Reserves fell 76% to 1.07 million tons last year from 4.50 million tons in 2015, according to data from the Indonesian Palm Oil Association. The fall in inventories comes as production in the world's top palm-oil producer dropped 2.8% to 34.6 million tons in 2016. Domestic consumption for palm-oil, which is used in everything from
chocolate to biofuels, rose 36% to 11.3 million tons in the same period, according to the association. Tighter inventories and lower production will support near-term Asian palm-oil prices, traders say. Benchmark palm-oil futures for April delivery on the Bursa Malaysia Derivatives Exchange fell MYR37 to MYR3,033/ton on Tuesday.
Jan 31 - Monsanto sees prolonged delay on GMO corn permits in Mexico
A ban on planting genetically modified corn in Mexico is likely to continue for years as a slow-moving legal battle grinds on, said a top executive of U.S.-based seed and agrochemical company Monsanto Co. Last week, a Mexican court upheld a late 2013 ruling that temporarily halted even pilot plots of GMO corn following a legal challenge over its effects on the environment. Click here to read full stories.
Jan 31 - Pests in South Africa maize "strongly suspected" to be armyworms - scientist
A larvae outbreak which has damaged maize in South Africa's Limpopo and North West provinces is "strongly suspected" to be the invasive armyworm that has attacked crops in neighbouring countries, a scientist said on Monday. The infestation of fall armyworms - an invasive Central American species that is harder to detect and eradicate than its African counterpart - has erupted in Zambia, Zimbabwe and Malawi and follows a crippling El Nino-triggered drought which scorched much of the region last year. Click here to read full stories.
Jan 31 - ADM to sell crop insurance business to Validus Holdings
U.S. agricultural commodities trader Archer Daniels Midland Co has agreed to sell its Crop Risk Services (CRS) insurance business for $127.5 million to Validus Holdings Ltd, the companies announced on Monday. The deal, which is expected to close in the first half of this year pending a regulatory review, includes a services agreement under which ADM will continue to offer insurance products and grain marketing services to CRS customers, the company said. Click here to read full stories.
Jan 31 - Brazil to open airlines, agricultural land to foreign buyers -sources
President Michel Temer will propose legislation to lift restrictions on foreign ownership of airlines and agricultural land in Brazil as he strives to pull the economy out of a two-year recession, government sources said on Monday. Temer's center-right government plans to send Congress a bill allowing 100 percent foreign ownership of airlines, though investors will be obliged to help expand regional flight services, two sources said. Click here to read full stories.
Jan 31 - Macedonia reports outbreak of H5N8 bird flu at farm - OIE
Macedonia reported an outbreak of the highly contagious H5N8 bird flu virus at a farm in the southwestern part of the country, the World Organisation for Animal Health (OIE) said on Monday, citing a report from the local veterinary authorities. The infected birds were found at a farm in the region of Struga, the report sent by the Paris-based OIE said, without giving details on the type of birds contaminated. Click here to read full stories.
Jan 31 - Malaysia Stocks Drop Track Weak Regional Cues, Cheaper Oil (Dow Jones)
Malaysia stocks end lower on Tuesday following weak regional cues and lower oil prices. The 30-stock benchmark index ends down 0.9% at 1686.45, retreating from its five-month highs touched on Friday. Hong Leong Investment Bank expects "continuous profit taking" to cap further strong rally ahead as uncertainties over economic policies of US President Donald Trump weigh on the minds of the investors. Sime Darby, which ended 4.7% higher on Friday on the company's plans to spin off its plantations, property and trading/logistics divisions, gave up most of the gains and ends the day down 3.5%. Maxis ends up 3.2%.
Jan 30 - Yemen's wheat reserves down to three months supply - UN official
Yemen has roughly three months supply of wheat left to draw from, leaving the country exposed to serious disruption as a central bank crisis cuts food imports and starvation deepens, the top U.N. aid official in the country told Reuters. A decision by Yemen's internationally-recognised government in August to move the central bank out of Sanaa, the capital city controlled by the armed Houthi movement with which it is at war, to the southern port city of Aden has triggered bigger hardships for Yemenis and paralysed the bank. Click here to read full stories.
Jan 30 - Funds ramp up love affair with CBOT soy complex, add corn -Braun
The Commitment of Traders report jolted many agriculture market participants after Friday’s close when it indicated a continued flood of speculative money into grains and oilseeds. Interest in the soy complex in particular surged for the second straight week. Speculators piled even more heavily than in the previous week onto their net long position in Chicago-traded soybeans, soybean meal, and soybean oil futures and options in the week ending Jan. 24. Click here to read full stories.
Jan 30 - EU farm chief calls for cut in subsidies after Brexit
The European Union needs to reduce subsidies as part of pending reforms to cope with an expected 3 billion euro drop in the EU's agriculture budget once Britain leaves the bloc, EU farm chief Phil Hogan was quoted as saying on Saturday. The German magazine Der Spiegel quoted Hogan as saying that farmers who adopted sustainable farming practices should benefit the most from future subsidies. Click here to read full stories.
Jan 30 - UK confirms two more cases of bird flu on turkey and pheasant farms
British authorities say they have confirmed two more bird flu cases on farms in northern and eastern England, meaning there are now four areas where restrictions are in place across the country to reduce the spread of the disease. The Department for Environment, Food & Rural Affairs (Defra) said it had confirmed a case of H5N8 avian flu in a flock of about 1,000 pheasants at a farm in Wyre, Lancashire, in northern England on Friday. Click here to read full stories.
Jan 30 - West Europe wheat prices depend on euro as Black Sea output grows -InVivo
Western European wheat prices will increasingly depend on currency rates as production rises in Black Sea countries such as Russia and Ukraine, intensifying competition, French agricultural group InVivo said on Friday. Russia is forecast to be the world's largest wheat exporter in the 2016/17 marketing season, overtaking the European Union after a poor harvest in France cut the bloc's export surplus. Click here to read full stories.
Jan 30 - Japan plans butter imports to secure stable supplies
Japan will import 13,000 tonnes of butter in the next fiscal year that starts on April 1 to secure stable supplies, the Ministry of Agriculture, Forestry and Fisheries said. The government also plans to import 13,000 tonnes of skim milk powder, the ministry said in a statement. Click here to read full stories.
Jan 30 - What it takes to get a Corona from Mexico to a U.S. heartland bar
Ordering a bottle of Corona beer at a bar in the United States is a simple proposition. Getting it there from its brewery in Mexico involves a complex, cross-border supply network that will likely get more complicated if U.S. president Donald Trump follows through on vows to renegotiate the North American Free Trade Agreement (NAFTA) or tax imports. Click here to read full stories.
Jan 30 - Rains slow harvest in Brazil's soybean belt for 2nd week
Rains have delayed soybean harvesting in Mato Grosso, Brazil's top grain-producing state, for the second week in a row, reducing deliveries to traders who had contracted for larger volumes. Soy collection in Mato Grosso reached 16.3 percent of total planted area by Friday, farmers' statistics body Imea said, well below expectations considering early planting in September and a good harvesting rate in the first days of the year. Click here to read full stories.
Jan 29 - Cargill Navigating US Immigration Restrictions (Dow Jones)
Food giant Cargill says it's monitoring the "rapidly" evolving situation around refugees' and immigrants' ability to enter the US after Trump's executive order, which could crimp recruitment and staff travel for one of the most-global companies. Cargill employs about 150,000 people in 70 countries and is "working with its travel and security partners to determine what the action means for our employees," a spokesman says, declining to comment on specifics due to employee privacy. Over its 150-plus-year history, Cargill has invested and done business in trouble spots such as Syria, and in the US hires refugees to staff processing plants. The company is "committed to maintaining a diverse and inclusive global workforce," the spokesman adds.
Jan 27 - Syria's million-tonne Russian wheat deal in jeopardy
A deal struck in October for Syria to buy one million tonnes of wheat from its ally Russia to prevent bread shortages in government-held areas has not been fulfilled and may never be, Syrian and Russian government sources said. A Syrian government official with knowledge of the deal said a final contract had still not been agreed and blamed bureaucratic delays, but added that there were no shortages. Click here to read full stories.
Jan 27 - With plastic bags and plates, China tries to cure its corn hangover
China's plan to get rid of its massive corn stockpile by using it as raw material for its fledgling biodegradeable plastics industry could be a game changer for Changchun Shengda Biomaterial and other private factories in China's corn belt. After buying corn for years to support farmers, Beijing must find a way to work off a stockpile so big it could feed China's 1.4 billion people for more than a year. Click here to read full stories.
Jan 27 - Argentine 2016-17 soy crop seen at 53.5 mln tonnes - exchange
Argentina's 2016-17 soy crop was forecast at 53.5 million tonnes by the Buenos Aires Grains Exchange on Thursday, citing poor weather as a reason for an expected drop from 56 million tonnes in the previous crop year. The forecast, given in the exchange's weekly crop report, was its first harvest estimate of the current season. It cited December and January flood rains in central soy-growing areas as one of the reasons for the expected fall in production. Click here to read full stories.
Jan 27 - Proliferation of bird flu outbreaks raises risk of human pandemic
The global spread of bird flu and the number of viral strains currently circulating and causing infections have reached unprecedented levels, raising the risk of a potential human outbreak, according to disease experts. Multiple outbreaks have been reported in poultry farms and wild flocks across Europe, Africa and Asia in the past three months. While most involve strains that are currently low risk for human health, the sheer number of different types, and their presence in so many parts of the world at the same time, increases the risk of viruses mixing and mutating - and possibly jumping to people. Click here to read full stories.
Jan 27 - Potash slump drags on as competition overheats
The deepest slump in a decade for the oversupplied potash fertilizer market may abate only slightly in 2017, major producers say, and could take years to correct due to the imminent startup of new mines. Canada's Potash Corp of Saskatchewan Inc, the biggest fertilizer producer, forecast a much less profitable year on Thursday than analysts expected, and reported a surprisingly big drop in quarterly profit. Click here to read full stories.
Jan 27 - South African maize planting area seen 31 percent larger as rains return
South African farmers have planted almost a third more hectares with maize this season than they did last year following increased rainfall and favourable climate conditions, the government's Crop Estimates Committee (CEC) said on Thursday. Maize is South Africa's staple crop and the size of the harvest has huge implications for food price inflation. The central bank said last week it expected food price inflation to begin slowing because of the rains. Click here to read full stories.
Jan 27 - InVivo to cut a third of staff at French grain trading unit
French cooperative InVivo has launched a plan to cut its grains trading team by around a third as it tries to lower costs and expand its trading activities overseas, it said on Thursday. The job reduction plan at Invivo's grains trading team would involve the departure of 18 people out of around 60, a spokeswoman told Reuters. Click here to read full stories.
Jan 27 - Asian Palm Oil Prices Tad Lower in Short Session (Dow Jones)
Asian palm-oil prices ended the session slightly lower Friday in a shortened trading session. A Singapore trader says volumes were expected to remain light given much of the region would be celebrating Chinese New Year from Friday. Key for prices will be the release of the monthly export estimate numbers for January due out next week as investors look to see whether exports will remain strong. The Bursa Malaysia benchmark palm-oil contract ended down 16 ringgit at 3071 ringgit a ton.
Jan 27 - Butter Prices Higher as Supply/Demand Bullish (Dow Jones)
Falling supplies and increased demand are boosting global butter prices. ASB Bank highlights it coming back into favor in the US, with McDonald's (MCD) now serving its McMuffins there with butter. It sees butter and milk-fat prices generally remaining firm the coming month as global dairy production is falling. Butter prices at the GlobalDairyTrade auction were $4,382/metric ton, versus around $2,600 in May.
Jan 26 - Asian Palm Oil Futures End Lower, Likely on Preholiday Profit-Taking (Dow Jones)
Asian palm oil futures prices ended the session lower, likely on some profit-taking ahead of Lunar New Year holidays across the region. However, prices remained in a reasonably tight range as investors continued to worry about weaker production and what this will mean for availability over the coming months. The Bursa Malaysia benchmark three-month palm oil contract was trading down 39 ringgit a metric ton at MYR3,086 ($697).
Jan 26 - Soybeans Drop as South American Crop Looms (Dow Jones)
Soybean futures extend losses, weighed down by speculation that farmers in South America could harvest a large crop this year despite poor weather earlier in the season. Private forecasters have cut their projections for Argentina's soybean crop due to excess wet weather in parts of the country that prevented planting of some acres and likely curbed yields in others. Still, analysts say rainfall in other areas may have improved yields, while farmers in Brazil could be raising a record soybean crop. A large South American harvest would increase export competition at a time when US farmers are relying on overseas buyers to consume a large portion of last year's record crop. CBOT March soybeans fall 0.3% to $10.52 1/4/bu. March corn sheds 0.2% to $3.65 1/2 and wheat gains 0.4% to $4.26 1/4.
Jan 26 - Hungary's foie gras industry down with flu as millions of birds die
The price of foie gras in Hungary, one of the world's leading producers of the delicacy, has surged since an outbreak of bird flu forced farmers to cull more than 3 million fowl, mostly geese and ducks. A kilo of goose foie gras cost about 13,000 forints ($45) in Budapest's Lehel market hall on Wednesday morning, almost double of what it was before the bird flu crisis. Click here to read full stories.
Jan 26 - India buys Australian wheat, Bangladesh takes Canadian
Indian mills bought 50,000 tonnes of Australian standard wheat in recent deals for February shipment while Bangladesh purchased an equal quantity of Canadian wheat for arrival in April, traders said. Australian wheat with around nine percent protein was sold to four Indian mills at around $221-$225 a tonne, including cost and freight (C&F), said one Singapore-based trader. Click here to read full stories.
Jan 26 - U.S. biofuels credits drop as EPA delay uncertainty grips market
Prices of paper credits used to meet U.S. biofuels standards dropped to over one-year lows on Wednesday, extending the previous day's slide on news of a government freeze that heightened uncertainty over the program. The U.S. Environmental Protection Agency (EPA) said in a notice this week that the federal agency is delaying implementation of 30 regulations finalized recently by the Obama administration. Click here to read full stories.
Jan 26 - China issues new guidelines on agricultural insurance subsidies
China issued new guidelines on distribution of its agricultural insurance subsidies on Thursday to help improve the efficiency of a programme aimed at supporting its huge farm sector. Beijing has heavily promoted agricultural insurance in the past decade to mitigate greater risks to farmers as it begins to take steps to deregulate commodities markets and move away from subsidising farm output and towards supporting incomes. Click here to read full stories.
Jan 26 - El Niño may return in 2017 - Braun
It is time to say goodbye to La Niña, and possibly hello to El Niño again later in the year. Ever since the record-setting El Niño of late 2015 started winding down early last year, commodity markets have been fully focused on the La Niña that forecasters had predicted would dominate late 2016 and potentially much of 2017. The El Niño-Southern Oscillation, or ENSO, is one of the most followed global climatic features, as its cool phase La Niña and warm phase El Niño have somewhat contrasting effects on weather patterns worldwide. Click here to read full stories.
Jan 26 - Algerian firm signs $300 mln farming deal with U.S. group
An Algerian company has signed a deal with a U.S. group to set up agricultural projects worth $300 million in the North African country as it seeks to reduce dependence on imports, Algeria's agriculture ministry said on Wednesday. Under the deal, privately-owned Algerian dairy company Tifralait and the American International Agriculture Group (AIAG) will set up a joint venture to develop projects over an area of 25,000 hectares covering cereals, potato, fertilizers, dairy and cattle feed, the ministry said. Click here to read full stories.
Jan 26 - Indonesia clears French crop safety system, opens way for exports
Indonesia has approved France's food safety system for grains, fruit and vegetables, France's farm office said, a move that should unblock exports stalled since last year in what traders said was retaliation against a proposed French tax on palm oil. "After several official exchanges, the Indonesian authorities just formally gave their approval to the French food safety system for plant production," FranceAgriMer said in a note posted on its website on Wednesday. Click here to read full stories.
Jan 26 - Asian Palm-Oil Tad Lower Ahead of Chinese New Year Holidays (Dow Jones)
Asian palm-oil prices are slightly lower in early trading but volumes are likely to remain light ahead of the Chinese New Year holiday. Not helping prices is weakness in the soybean market with soybean futures dropping for the fifth consecutive session as concerns fade over adverse South American conditions. The Bursa Malaysia benchmark 3-month palm-oil contract is trading down 14 ringgit at MYR3,111 a ton.
Jan 26 - Pénurie de maîtres exploitants sur toute la France (France Agricole )
Leur nombre a été divisé par cinq en moins de dix ans : les maîtres exploitants chargés d’accueillir en stage des personnes en cours d’installation ne sont plus que 165. Mais alors qui pour transmettre encore le métier ?
Soixante-dix départements en sont totalement dépourvus. Les maîtres exploitants, ces agriculteurs qui se portent volontaires pour accueillir et former chez eux des stagiaires en cours d’installation, ne sont plus présents que dans 31 départements.
870 maîtres exploitants en 2007
Au total, en 2016, 165 détiennent encore l’agrément, contre 870 en 2007, selon l’Assemblée permanente des chambres d’agriculture (APCA).
Seul le Rhône fait figure d’exception avec ses 25 maîtres exploitants, tout comme le Gers (17) et l’Ille-et-Vilaine (14). Mais pour la plupart des départements, le compteur est bloqué à zéro voire à 1… Comment un unique agriculteur peut correspondre à toutes les productions et techniques agricoles d’un département ? Pour le jeune, c’est une galère de plus. Et un constat inquiétant pour la profession qui a déjà vu son nombre d’agriculteurs diminué de moitié en vingt ans.
La faute à qui ?
Jusqu’en 2009, pour bénéficier des aides à l’installation, un jeune devait effectuer un stage d’application durant six mois, au cours de son installation, sur l’exploitation d’un maître exploitant, dont il trouvait le nom sur une liste détenue par les chambres d’agriculture.
« Mais le système était jugé trop exigeant par les jeunes, trop long et pas forcément adapté à tous les profils », se rappelle Raymond Vial, en charge du dossier à l’APCA.
Un stage facultatif
En 2009, à l’issue de quatre ans de contestation, le dispositif à l’installation est rénové, et l’accompagnement des futurs installés plus personnalisé. En clair, on passe à un système à la carte, plus souple, avec un stage d’application qui cesse d’être obligatoire et se réduit à une période de 1 à 6 mois. Dix-sept ans après le début de leur existence, les maîtres exploitants sont donc moins sollicités et leur nombre connaît ainsi en 2009 son niveau le plus bas : la chute est rude, on en dénombre alors seulement 120.
L’APCA lance un appel aux volontaires
« Je regrette que le réseau Jeunes Agriculteurs ait laissé tomber le dispositif, poursuit Raymond Vial. Nous, les chambres d’agriculture, nous faisons appel aux agriculteurs pour qu’ils s’engagent à nouveau en tant que maîtres exploitants, pour continuer à transmettre le métier. » En 2015, face à la pénurie de maîtres exploitants d’un côté et à la montée du nombre de futurs installés non issu du milieu agricole de l’autre, le dispositif est à nouveau ajusté, à la demande des syndicats, via la loi d’avenir pour l’agriculture : « La formation des maîtres exploitants a été simplifiée passant de trois à un jour, explique Pierre-Marie Vouillot, en charge de l’installation chez JA. Il leur est même possible désormais de réaliser leur formation après l’accueil de leur premier stagiaire. Les listes des maîtres exploitants peuvent enfin évoluer à la demande d’un jeune qui aurait par exemple trouvé un exploitant pas encore inscrit sur la liste. »
Des mesures de sécurité contraignantes
Pour autant, le dispositif peine à regagner du terrain. « Il faut dire aussi qu’avec les crises successives, les agriculteurs sont un peu démotivés. Alors « pourquoi transmettre ses connaissances ? » se demandent certains quand ils constatent que ça ne fonctionne déjà pas pour eux… », reprend Raymond Vial. Les mesures de santé et sécurité au travail sont aussi parfois jugées trop contraignantes pour accueillir un stagiaire sur l’exploitation.
Mais les nouveaux agriculteurs sont également moins demandeurs de stage : « Leur profil a évolué : avant on s’installait à 21 ans. Maintenant, ceux qui entrent dans le métier sont souvent plus vieux, ils ont déjà exercé un métier, déjà connu une situation… Ils sont à la tête d’une famille. Ça n’est pas évident pour eux d’être stagiaires. Ils veulent, et ils ont besoin de travailler assez rapidement. »
« Un état d’esprit à retrouver »
Il reste qu’« aujourd’hui, le panel de maîtres exploitants à disposition est tellement restreint, que le jeune ne trouve plus de stage qui corresponde à ses besoins », confirme Joris Miachon, responsable de la section des jeunes de la Coordination rurale qui appelle à un retour des maîtres exploitants : « Au-delà des contraintes et des difficultés, c’est un état d’esprit à retrouver pour continuer à transmettre le métier. »
Jan 25 - Asian CPO Ends Lower on Profit Taking (Dow Jones)
Asian crude palm-oil price futures end lower Wednesday amid profit taking activities. Further, weakness in the soybean oil complex put pressure on prices, says David Ng of Philip Futures in Kuala Lumpur. He expects prices to trade between 3050 ringgit and MYR3180 per ton. Benchmark palm-oil futures for April delivery on the Bursa Malaysia Derivatives Exchange last traded 28 ringgit lower at MYR3121/ton.
Jan 25 - Struggling U.S. farm sector faces new threat as TPP dies
U.S. President Donald Trump's decision to back out of the Trans-Pacific Partnership (TPP) trade deal, a $62 billion market for U.S. farmers, provides a fresh threat to a slumping agricultural economy that has grown increasingly dependent on exports. Agricultural groups expressed disappointment over the move and urged the new administration to find alternative ways to boost product shipments to Asian countries. Trump announced the cancellation on Monday, quickly fulfilling a campaign promise. Click here to read full stories.
Jan 25 - Key Argentina soy area still coping with late 2016 floods
Soy grower Carlos Zucarelli looks over his farm in Argentina's bread-basket province of Buenos Aires, watching ducks float around on a shallow lake covering much of what was meant to be this year's crop area. His and other farms in the area of Pergamino in northern Buenos Aires are still suffering from the effects of heavy December and January rains that flooded about 20 percent of their fields. Of Zucarelli's 70 hectares, 40 percent is underwater. Click here to read full stories.
Jan 25 - China's corn prices buoyed by talk of regional stockpiling
China's corn futures are on track to rise almost 3 percent this month, on speculation that major corn-growing provinces in the world's top producer are preparing to buy grain in a bid to support farmers as demand is expected to drop, analysts said. There has been discussion by market participants that regional units of state grains stockpiler Sinograin in China's northeast may buy as much as 10 million tonnes of corn after the week-long Chinese Lunar New Year holiday which starts on Friday, agriculture analysts Cherry Zhang at JCI and Meng Jinhui at COFCO futures said on Wednesday. Click here to read full stories.
Jan 25 - Trump administration seeks to muzzle U.S. agency employees
U.S. President Donald Trump's administration has moved since he took office last week to curb the flow of information from several government agencies involved in environmental issues, in actions that may have been designed to discourage dissenting views. Employees at the Environmental Protection Agency, the Interior Department, the Department of Agriculture and the Department of Health and Human Services (HHS) have seen directives from the newly minted leadership seeking to limit how they communicate to the public, according to multiple sources. Click here to read full stories.
Jan 25 - In Trump freeze, U.S. agencies delay rules affecting farm towns
U.S. regulators under the new presidential administration have instituted a freeze on rules key to the country's farm belt, agricultural groups said on Tuesday, heightening uncertainty for some of the regions that helped propel Donald Trump into office. The Environmental Protection Agency (EPA) will delay implementation of this year's biofuels requirements along with 29 other regulations finalized in the last weeks of Barack Obama's presidency, according to a government notice. The U.S. Department of Agriculture will pause rules affecting livestock, groups said. Click here to read full stories.
Jan 25 - DuPont expects Dow merger to close later than expected
Chemicals and seeds producer DuPont indicated on Tuesday that its $130-billion merger with Dow Chemical Co will take longer to wrap up than previously expected as the companies await regulatory approvals. This is the second time that the two companies, which are in talks with the European Union antitrust regulators, have had to push back the expected completion. Click here to read full stories.
Jan 25 - Britain confirms bird flu case in Lancashire, to cull infected poultry
The H5N8 bird flu strain has been found in a flock of about 10,000 pheasants at a farm in Lancashire, northwest England,British authorities said on Tuesday. Some of the birds have already died and the remainder will be culled, the Department for Environment, Food & Rural Affairs said in a statement. Click here to read full stories.
Jan 25 - Thailand's Rice Production to Rise 18% in 2017 (Dow Jones)
Thailand's rice production will likely rise 18% in 2017 at 18.6 million metric tons "mainly due to the recovery in off-season rice production which is expected to grow considerably to 4.8 million metric tons compared to around 2 million metric tons in MY2015/16 due to sufficient water supplies for irrigation," says the US Department of Agriculture in a note. The USDA added that exports will rise 5% on year to 10,000 metric tons in 2017.
Jan 25 - Le prix du lait a augmenté de 25 % en six mois (France Agricole)
Lors de sa présentation de conjoncture au Conseil des ministres, Phil Hogan, le commissaire à l’Agriculture, a fait preuve d’un optimisme mêlé de prudence concernant le secteur laitier.
« Étant donné la hausse du prix [du lait] de 25 % au cours du deuxième semestre de 2016, il est quelque peu difficile de comprendre les fondements de la poursuite des manifestations de certains éleveurs laitiers », a commenté Phil Hogan hier. Il a profité de sa présentation de conjoncture au Conseil des ministres le 23 janvier 2017, pour commenter les manifestations du matin même.
Il a également mis en avant la capacité du secteur agricole à s’adapter, et a souligné le rôle des mesures prises par Bruxelles. « Notre politique ne peut être basée sur des mesures exceptionnelles et le secteur agricole européen doit devenir plus mature, résilient et prendre ses responsabilités », a ajouté le commissaire.
Une nouvelle hausse des prix attendue
À la lumière de l’évolution des cotations des produits laitiers, « une nouvelle hausse des prix du lait est attendue », a assuré Phil Hogan. En effet, les prix des ingrédients laitiers devraient se maintenir. Autre signe positif, la reprise de l’exportation européenne : +27 % pour le beurre et +13 % pour le fromage ingrédient au mois de novembre.
En tout, les exportations de produits laitiers progressent de 1,6 % par rapport à l’année précédente, rapporte le commissaire européen. « Cette image de la filière nous autorise à faire preuve d’optimisme pour les mois à venir, mais nous devons rester vigilants, ajoute-t-il avec prudence. En particulier vis-à-vis de l’évolution de la collecte au printemps. »
Jan 24 - Nestle the Latest to Raise UK Food Prices (Dow Jones)
Britain's second largest supermarket chain Sainsbury has been forced to raise the price on some of food giant Nestle's products in the U.K. following a slump in the pound. Nescafe Original Nescafe Original Instant Coffee 100g now costs (GBP)3.15, up 12.5% from its prior price, while 12x500ml bottles of Pure Life Water are up 22% to (GBP)2.80. The rises come after Unilever asked Tesco, Sainsbury and other big retailers for price rises of roughly 10% on products like Ben & Jerry's icecream and Marmite, while Pepsi's Walkers crisps and Nomad Foods owned Birds Eye have also asked for price rises saying dollar-denominated costs have risen. Sterling has fallen nearly 17% against the dollar and 12% against the euro since the Brexit referendum vote in June 2016.
Jan 24 - Asian CPO Ends Higher on Hopes of Better Demand (Dow Jones)
Asian crude palm-oil prices end Tuesday's trading session higher, on expectations of robust demand for palm-oil, as the festival season begins in top-buyer China. Investors will make fresh moves depending on monthly export estimates due to be released by cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd. on Wednesday. Benchmark palm-oil futures for April delivery on the Bursa Malaysia Derivatives Exchange last traded 58 ringgit higher at MYR3,154/ton.
Jan 24 - Funds pile in to soy complex over Argentine rains -Braun
Last week was a great one for both soybeans and soybean meal as heavy rains in Argentina, the world’s top exporter of soymeal livestock feed, caused many market participants to worry that the country’s soybean harvest would shrink. Traders wasted no time capitalizing on the potential supply woes. According to the CME Group, Chicago soybean futures posted the largest-ever five-day increase in cumulative open interest in the sessions from Jan. 12 to Jan. 19. Click here to read full stories.
Jan 24 - Russia needs new export markets for its grain - SovEcon
Russia needs to find new markets for its grain exports and speed up its supplies abroad to ease pressure on the domestic market after a record crop of 119 million tonnes in 2016, the SovEcon agriculture consultancy said in a note. Customs data shows Russia's December grain exports fell to 3.18 million tonnes from 4.05 million tonnes in November due to storms in ports and the rouble strengthening against the dollar. Click here to read full stories.
Jan 24 - China vows to boost farmland protection as grain output falls
China has vowed to step up its protection of farmland in the wake of the country's first drop in grain output in over a decade, as rapid urbanisation swallows agricultural resources. In a document released late on Monday, the Communist Party of China Central Committee and the State Council said there was strong pressure on arable land and called for stronger protection and more efficient use of such land. Click here to read full stories.
Jan 24 - Protesting farmers cover EU summit centre with milk powder
Dairy farmers protesting low milk prices sprayed a tonne of milk powder onto a building used by EU leaders for summits in Brussels on Monday, saying a planned sale of milk powder stocks would depress prices in Europe and abroad. The European Union has bought large quantities of skimmed milk powder to stabilise the market but said in November it would start disposing of some of it after prices had improved. Click here to read full stories.
Jan 24 - Frost damage to crops relatively low in Europe so far - MARS
Frost damage to crops is relatively low in Europe despite a cold spell which hit the continent earlier this month, although some parts of the southeastern part of the EU and Scandinavia could suffer some damage, the EU's crop monitoring unit, MARS, said on Monday. Most of Europe has experienced significantly colder than usual weather in recent weeks, raising concerns over the impact on grain crops. Click here to read full stories.
Jan 24 - U.S. eggs crack Korean market as Seoul fights worst bird flu outbreak
U.S. white-shelled eggs landed on South Korean supermarket shelves beside local brown-shelled eggs on Monday as the country scrambled to boost imports to relieve a shortage amid its worst-ever bird flu outbreak. Some 6 million eggs, mainly from the United States, are set to hit the shelves this week as South Korea launched emergency import measures after egg prices shot up 70 percent ahead of the Lunar New Year holiday this weekend. Click here to read full stories.
Jan 24 - Thai Rice-Export Prices Up on African Demand (Dow Jones)
Thai rice-export crop prices rose 1-2% the past week amid new inquiries for old-crop white rice from African countries, says the USDA. That supply, "which mainly comes from government stocks, is currently $20-$30/metric ton cheaper than Vietnamese rice," it notes, adding that traders expect the Thai government to announce details of a new tender for food-grade and non-food-grade rice stocks by month's end. The USDA says the government has about 3M tons of food-grade rice and 5M of non-food-grade.
Jan 24 - US Withdrawal From TPP to Impact Malaysia's Palm Oil Export Target (Dow Jones)
The US withdrawal from the Trans-Pacific Partnership has impacted Malaysia's target to export 20 billion ringgit ($4.51 billion) worth of palm oil products to the 12 participating countries in the pact by 2021, state news agency Bernama reports Tuesday, citing Malaysia's plantation industries and commodities minister. Malaysia is the world's second biggest producer of palm oil, a vegetable oil used in everything from shampoo to chocolates. In 2014, exports of palm oil products from Malaysia to TPP countries amounted to over MYR13 billion. Plantations minister Mah Siew Keong says Malaysia would look at other options to mitigate the loss, including entering bilateral free trade agreements with other TPP participating countries, reports Bernama.
Jan 24 - Cargill, a TPP Supporter, Holds out Hope on Trade (Dow Jones)
Few companies are as global as food conglomerate Cargill, which does business in about 70 countries worldwide, and the Minnesota company has long advocated for trade deals like TPP, which President Trump withdrew the US from Monday, and Nafta. Devry Boughner Vorwerk, VP of corporate affairs, says Cargill is "committed to working with the Trump Administration on inclusive trade policies that allow our economy to grow, our citizens to prosper and America to
Jan 23 - Asian CPO Ends Lower; Investors Concerned About Supply (Dow Jones)
Asian crude palm-oil price futures end slightly lower Monday amid a lack of fresh market cues to drive investor sentiment. Investors will be looking out for the monthly palm-oil export estimates scheduled to release later this week, before making fresh moves, traders say. The Malaysian Palm Oil Board has expressed concern that palm-oil production could increase by 12% to 19.4 million tons this year, which has impacted palm-oil prices. Benchmark palm-oil futures for April delivery on the Bursa Malaysia Derivatives Exchange last traded MYR7 down to MYR3,094/ton.
Jan 23 - Asian Crude Palm Oil Stocks to Remain Tight in 2017 (Macquarie)
The ratio of Asian crude palm oil stock to usage will remain tight as lower starting inventory and robust demand growth should more than offset a recovery in production, writes Macquarie in a note. The firm says it expects that overall crude palm oil prices will likely average around $675 a metric ton in 2017, which would be around 7% higher on average year over year. The firm says that with gains in crude palm oil prices outpacing the recovery in crude oil, they are now likely too high to drive discretionary biodiesel blending.
Jan 23 - Soybean futures volume surges as exporters hedge big physical buys
Soybean exporters expanded short positions in Chicago Board of Trade soybean futures in the past week as a hedge to their hefty purchases of physical beans from farmers who sold as prices hit six-month highs. A simultaneous surge in long positions as speculators bet on a production shortfall because of flood damage to crops in Argentina meant total soybean contracts jumped by 92,000, the largest-ever five-day increase in open interest, according to the CME Group. Click here to read full stories.
Jan 23 - G20 farm ministers seek to protect precious water supplies
Greater global efforts should be taken to safeguard precious world water supplies to secure food production, the agriculture ministers of the group of 20 leading economies (G20) said on Sunday. "We commit to approaches that improve sustainability of water use in food and agricultural production while ensuring food security and nutrition in accordance with our multilateral trade commitments," they said in a statement after meeting in Berlin. Click here to read full stories.
Jan 23 - Widespread rains delay soy harvest in Brazil's center-west
Heavy rains since Tuesday in Brazil's top soy producing state of Mato Grosso are impacting harvesting in the region and could hurt the quality of the crop, agronomists said on Friday. Farmers institute Imea said the soy harvest in Mato Grosso was 11.9 percent complete on Friday, an advance of more than 6 percentage points over the past week. Click here to read full stories.
Jan 23 - Speculators cut record bullish bet in ICE cotton - CFTC
Speculators cut their record bullish bet on cotton as they upped net long stances in arabica coffee and sugar contracts to six-week highs in the week to Jan. 17, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. The dealers reduced a net short position in cocoa futures and options on ICE Futures U.S. for a fifth straight week, the data showed. Click here to read full stories.
Jan 23 - China's COFCO 2016 profit jumped 79 pct after business overhaul
China's grain-to-real estate conglomerate COFCO said profit grew by 79 percent last year as it streamlined operations and exited loss-making businesses, the state-owned trading giant said on Friday. COFCO's jump in profit comes following a major restructuring and contrasts with other global commodity traders, which have seen earnings hurt by bumper grain crops in major growing nations. Click here to read full stories.
Jan 23 - EU wheat exporters make most of reduced supply as rivals face hitches
A weaker euro and healthy demand from importers such as Algeria are helping the European Union clear a reduced export surplus, while currency and logistical headwinds limit competition from big U.S. and Russian crops. EU wheat exports are still likely to fall by about a quarter over the full season, forecasters say, after a dire harvest in France reduced quantity and quality compared to a record, good-quality, EU crop in 2015/16. Click here to read full stories.
Jan 23 - Wool Prices Hit Highest-Ever Level in AUD Terms (Dow Jones)
The Eastern Market Indicator, the global benchmark for wool prices, closed at record highs in Australian-dollar terms, says farmer group Australian Wool Innovation. "The current strong demand for Merino types, and particularly the finer end of that breed, is ruling the overall market direction." The group adds that with Chinese New Year approaching, a "more-relaxed market environment is expected and gives other users a chance to buy in some inventory." The EMI ended the week at A$14.34/kilogram.
Jan 23 - NZX Whole Milk Powders Sharply Higher Vs Last Auction (Dow Jones)
NZX whole milk powder futures contracts for the second quarter are at a hefty premium to the last GlobalDairyTrade auction price, following a strong rally on Friday, says Commonwealth Bank of Australia in a note. "The futures are building an optimism premium." However, it does add that the EU failed to sell any of their stockpile of Skim Milk Powder at a tender on Friday, rejecting all bids as being too low. The NZX 3-month whole milk powder contract is unchanged Monday at US$3,390/metric ton.
Jan 20 - Trump picks southerner over Midwest candidate for Agriculture
U.S. President-elect Donald Trump officially announced Sonny Perdue as his choice for secretary of agriculture on Thursday, selecting a former Georgia governor over candidates from the Midwest states that dominate U.S. agricultural exports. Perdue, who was on Trump's agricultural advisory committee during his presidential campaign, has yet to be confirmed in the post by the Republican-led Senate. Click here to read full stories.
Jan 20 - Farmers' reticence poses threat to USDA data objectivity - USDA study
Record-low responses from farmers to surveys threaten the U.S. Department of Agriculture's status as the gold standard in crop data collection and potentially open up trading advantages to big firms, the agency's chief economist said on Thursday. Response rates have been on a precipitous decline in recent years, falling below 60 percent in some cases, from rates of 80-85 percent in the early 1990s, chief economist Robert Johansson said in a study published by the University of Illinois. Click here to read full stories.
Jan 20 - Argentine soy crop forecast cut to 52.9 mln tonnes - exchange
Argentina will harvest 52.9 million tonnes of soy this season, the Rosario grains exchange said on Thursday, cutting its previous 54.4 million tonne forecast due to bad weather while another leading exchange chopped its planting area estimate. The Rosario exchange said in a special report that an estimated 710,000 hectares of soy have been lost due to floods in north Buenos Aires and South Santa Fe provinces while another 300,000 hectares in south Buenos Aires have fallen to drought. Click here to read full stories.
Jan 20 - Strategie Grains cuts EU wheat crop forecast due to winter cold
Consultancy Strategie Grains lowered its forecast for the 2017 soft wheat harvest in the European Union by 1.2 million tonnes to 143.8 million as it factored in expected damage to crops in the eastern EU due to severe cold weather this month. The reduced forecast would be 6 percent above estimated production of 135.9 million tonnes last year, when output was curbed by a very poor harvest in top EU wheat grower France, Strategie Grains said in a monthly report. Click here to read full stories.
Jan 20 - France says duck cull mostly over as bird flu stabilises
France will scale back preventive slaughtering of ducks to counter bird flu after the culling of 800,000 birds this month helped slow the spread of the disease in the southwest, the country's agriculture minister said on Thursday. France resorted to a mass cull after the highly contagious H5N8 strain of bird flu started spreading among farms in the southwest, the country's main production zone for the duck and goose liver speciality foie gras. Click here to read full stories.
Jan 20 - India Soymeal Exports Seen Rising Sharply (Dow Jones)
India's soymeal exports are likely to reach 2 million tons this year thanks to high yields and robust overseas demand, a trade official says. They totaled 150,000 tons last season. The country's soymeal crop, which struggled the past 2 years, has rebounded with production this year likely to touch 11 million tons, data from the Mumbai-based Solvent Extractors Association show. International prices for soymeal have been supported by floods in Argentina, a major soymeal producer.
Jan 20 - Asian CPO to Take Cues From Export-Estimate Data (Dow Jones)
Bursa Malaysia palm-oil prices will likely take their cues from fresh export estimates later today. Data from 1H January showed growth from December, increasing concerns about 1Q supplies. The Bursa Malaysia 3-month palm-oil contract is down 0.5% at MYR3,116/ton.
Jan 19 - Asian CPO Declines on Worries of a Rise in Output (Dow Jones)
Asian crude palm-oil futures end Thursday's session lower amid concerns of a rise in palm-oil production that has weighed on investor sentiment. Palm-oil output is expected to rise 12% to 19.4 million tons this year, the Malaysian Palm Oil Board said at a conference this week. Supplies have dwindled in recent months as production in top-grower Malaysia has been hurt due to last year's weather dry conditions. Investors will be watching out for the monthly palm-oil export estimates scheduled to release Friday, before making fresh moves, says David Ng of Philip Futures in Kuala Lumpur. He expects prices to trade between MYR3080/ton and MYR3150/ton. Benchmark palm-oil futures for April delivery on the Bursa Malaysia Derivatives Exchange last traded MYR17 down to MYR3,133/ton.
Jan 19 - Weak road freights in Brazil anger truckers, benefit soybean crop
Stiff competition among truckers will keep road freights in Brazil's main agricultural belt stable during the 2016/17 crop, transporters said, benefiting farmers as they harvest a record volume of soybeans but hurting margins for logistics companies.Drivers angry at the falling profitability of the route have staged protests and roadblocks in recent days at vital transport points in Mato Grosso, Brazil's largest grain producer. Some blockades were cleared on Wednesday. Click here to read full stories.
Jan 19 - Russia says 18,000 T of seized wheat might be released in Egypt after fumigation
Russia's agriculture safety watchdog said on Thursday 18,000 tonnes of Russian wheat, seized by Egypt at an Alexandria port in November, could be released by local officials after fumigation. Egyptian prosecutors seized the wheat from a storage site belonging to a private company in Dekheila port after finding it unsuitable for human consumption. The supply was seized several weeks after it had passed quarantine checks successfully. Click here to read full stories.
Jan 19 - Philippines may be able to export corn for first time amid rare surplus - official
The Philippines said on Thursday a rare surplus in domestic supply this year meant it could be technically able to export corn for the first time ever, touting Malaysia, Taiwan and South Korea as possible buyers.But with a global supply glut persisting, a leading farmers' group cautioned the Philippines would face stiff competition from exporters like Thailand, now producing low-cost, low-priced corn. Click here to read full stories.
Jan 19 - South African maize planting area seen a third larger as rains return
South African farmers have planted a third more hectares with maize this season following increased rainfall and favourable climate conditions, a Reuters poll showed on Wednesday.South Africa's Crop Estimates Committee (CEC) is expected to forecast the planted area at 2.6 million hectares, up 33.5 percent from the 1.947 million hectares planted last year, according to an average estimate of five traders and analysts polled by Reuters. Click here to read full stories.
Jan 19 - U.S. EPA denies petition to waive advanced biofuels requirements
U.S. environmental regulators have denied a request from oil refiners to waive some of their advanced biofuels use requirements from 2016, in what is likely to be one of the Obama administration's final decisions on the controversial program.The denial, published on Environmental Protection Agency's website on Wednesday, comes just days before President-elect Donald Trump takes office and as his nominee for EPA chief was being questioned in a Senate hearing. Click here to read full stories.
Jan 19 - Asian CPO Largely Unchanged; May See Support From Soybean Moves (Dow Jones)
Asian palm oil prices are largely unchanged in early trading but may see some support from moves in soybean futures prices overnight as soyoil is a substitute for palm oil. Soybean futures advanced to a fresh six-month high amid buying by commodity funds that are eyeing adverse weather for rival producers in South America. Further, supporting prices is a weakening in the ringgit, which makes the ringgit-denominated commodity nominally cheaper. The Bursa Malaysia 3-month palm oil contract is trading down 4 ringgit a ton at MYR3146 a ton.
Jan 18 - Asian CPO Remains Steady Amid Tight Supplies (Dow Jones)
Asian crude palm-oil price futures continue to be driven by bullish sentiment on tight market supplies. Production in top-grower Malaysia has been impacted due to dry conditions last year, lifting prices of palm oil in recent weeks. Other factors driving prices are stronger soy oil prices on the Chicago Board of Trade as the two are related and move together. David Ng, an analyst at Philip Futures, expects prices to remain rangebound between 3080 ringgit a ton and MYR3180/ton. Benchmark palm-oil futures for April delivery on the Bursa Malaysia Derivatives Exchange last traded down 6 ringgit at MYR3,153/ton Wednesday.
Jan 18 - Bayer, Monsanto confirm spending plans after meeting Trump
Bayer and Monsanto said on Tuesday they would spend at least half of their agriculture research and development budget in the United States over the next six years, following a meeting with President-elect Donald Trump last week. The two companies, which are awaiting approval of their agreed $66 billion deal from Trump's incoming administration, issued a joint statement after Trump's spokesman said Bayer had pledged to boost U.S. investments and jobs. Click here to read full stories.
Jan 18 - Dry spell in Argentina may spoil buzz for soybean bulls -Braun
Soybean bulls have been excited over the excessive rains across Argentina’s soybean belt in recent weeks, but an expected flip to dry weather might wither their enthusiasm. This past weekend was another wet one for the core soybean region in Argentina – the global leader in soy product exports. Most areas picked up between 1 and 2 inches (25 to 51 millimeters), but up to 3 inches (76 mm) were observed in already saturated locations like eastern Córdoba. Click here to read full stories.
Jan 18 - Indonesia may not import corn, wheat for animal feed in 2017 - industry assoc
Indonesia may not import any corn or wheat for animal feed in 2017 due to sufficient local production, an industry body said on Wednesday. Jakarta has been pushing to boost domestic grain output and had previously said it planned to stop imports of corn by 2018 "at the latest". Click here to read full stories.
Jan 18 - Syngenta sees no sale of ChemChina's Adama to get merger nod
Syngenta, the Swiss pesticides and seeds group being taken over by ChemChina, does not expect antitrust regulators to force the Chinese state-owned company to put its subsidiary Adama up for sale, Syngenta's CEO said on Tuesday. "Adama will not need to be sold. There will be some remedies in both the U.S. and the EU but I can't speak to any details," Erik Fyrwald told Reuters on the sidelines of the World Economic Forum in Davos. Click here to read full stories.
Jan 18 - Southern African maize munching pest is South American invader - experts
A maize pest that has devastated crops in southern Africa is a South American species which is harder to detect and eradicate than its African counterpart, agriculture officials and experts said on Tuesday. The fall armyworm outbreak has erupted in Zambia, Zimbabwe and Malawi and follows a crippling El Nino-triggered drought which scorched much of the region last year. Click here to read full stories.
Jan 18 - Global dairy prices rise modestly at GDT auction pointing to ongoing recovery
International dairy prices edged up slightly at an auction held early on Wednesday, reinforcing an ongoing recovery that had been dented by two consecutive fortnights of losses. Average prices climbed 0.6 percent at the Global Dairy Trade auction, which takes place twice a month, with an average selling price of $3,517 per tonne. Click here to read full stories.
Jan 18 - Thai Rice Prices Steady as Traders Await Govt Selldown Result (Dow Jones)
Thai rice export prices were steady on slack trading volumes as the market awaits details of the government's plan to sell its rice stocks, says the U.S. Department of Agriculture in a note. "The government has announced plans to sell all of its rice stocks in 2017, including the deteriorated rice which can still be used to manufacture ethanol." It notes that Thai rice exports for 2016 totaled 4.4 million metric tons, down 1%from last year.
Jan 18 - Dairy Auction Result Could Be Quite Bearish for Prices Near Term (Dow Jones)
The Global Dairy Trade auction, which saw prices broadly unchanged, might be quite bearish
for whole milk powder prices in the near term, says Commonwealth Bank of Australia in a note. "Last night's auction was supposed to be an opportunity for the physical market to reset after a misstep in the previous auction -- the outcome was not that." However, it notes that it still doesn't think these "indifferent" auctions are indicating that prices are way too high: "Further substantial gains would require the global dairy supply‑demand balance to tighten
Jan 18 - « Aux Pays-Bas, le prix du lait ne couvre que 59 % du coût de production » (La France Agricole)
- Le syndicat European Milk Board pointe du doigt la situation de crise des éleveurs laitiers européens depuis deux ans. Il rappelle sa proposition de programme de responsabilisation face au marché.
- Le prix du lait ne couvre que 59 % des coûts de production aux Pays-Bas, et 67 % en Allemagne : ce sont les chiffres présentés par le syndicat European milk board (EMB) dans son communiqué du 16 janvier 2017.
- L’EMB fait état d’un coût de production de 44,96 centimes d’euros/kg au troisième trimestre 2016, pour un prix du lait de 26,7 centimes au Pays-Bas. En Allemagne, le coût est estimé à 44,77 centimes pour un lait payé 30,05 centimes d’euros du kilo en octobre. « Comment en est-on arrivé à une situation où un tiers des coûts de production n’est pas couvert sur une durée atteignant désormais deux ans ? » interpelle le syndicat.
Éviter les excédents
- « Des régions entières risquent de se désertifier », prévient Romuald Schaber, le président de l’EMB. Les prix sont trop bas sur le marché du lait en raison du manque d’instruments de règlement de crise. » Le Programme de responsabilisation face au marché (PRM) est avancé par le syndicat comme « la seule possibilité d’améliorer la situation ». Le PRM permet « d’éviter les excédents qui font pression sur les prix et déclenchent les crises », expose le communiqué.
- Pour rappel, le PRM consiste à « observer de très près le marché du lait puis, si une crise s’annonce, à le stabiliser au moyen d’un programme à trois niveaux ». Il comprend une étape de renonciation volontaire aux livraisons, et vise à limiter l’offre pour maintenir l’équilibre du marché.
Jan 17 - Asian CPO Futures End Higher on Robust Demand (Dow Jones)
Asian crude palm-oil prices continue to rise, supported by stronger palm-oil exports. Monthly export estimates reported by cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd. for the first 15 days of January reflected a sharp rise in demand for palm-oil, attributed mostly to "seasonal buying," says David Ng, an analyst at Philip Futures brokerage in Kuala Lumpur. He expects prices will continue to be supported by rising exports, remaining range-bound between 3050 ringgit per ton and MYR3150/ton. Benchmark palm-oil futures for April delivery on the Bursa Malaysia Derivatives Exchange last traded MYR44 higher at MYR3,154/ton Tuesday.
Jan 17 - Trucker protest continues in Brazil's top grain state
A Brazilian truckers' protest entered its fourth day on Monday, preventing grain-carrying vehicles from taking a key road for soy and corn shipments in the state of Mato Grosso, police and the highway operator said. The demonstration started on Friday as truck owners demanded greater compensation from commodities traders and transportation companies to transport soy and corn from the state to exporting ports in southern Brazil.Click here to read full stories.
Jan 17 - China cancels ethanol imports as tax hike threatens trade
Chinese buyers have cancelled up to seven cargoes of ethanol due to arrive by the end of March, sources said, the first sign that a likely hike in import duties is threatening to stall demand from the world's fastest-growing market.Based on China not listing a new ethanol import tariff for 2017, the tariff is likely to rise to 30 percent from 5 percent and that should shut imports out of the market based on current prices, said two market participants familiar with the ethanol market in China.Click here to read full stories.
Jan 17 - Dreyfus, Amaggi sell stake in Brazil JV to Japan's Zen-Noh
French commodities trader Louis Dreyfus Company and Brazilian soy processor-exporter Amaggi sold a 33-percent stake in their joint venture in Brazil to Japanese company Zen-Noh, a statement from Amaggi said on Monday.The joint venture includes operations to source grains in northern and northeastern states in Brazil and a 25 percent participation in the Tegram grains terminal at Itaqui port in Maranhão.Click here to read full stories.
Jan 17 - Key Argentina soy areas flooded, more rains seen starting Friday
Hard rains inundated key Argentina soybean-growing areas over the weekend, local farm experts said on Monday, raising doubts about production in a year that has already seen a reduction in soy planting as growers tend more toward corn.More than 97 percent of the 19.3 million hectares that the Buenos Aires Grains Exchange expects to be planted with soy this season has been sown so far. But planting and early crop development has been thrown off by heavy storms in key soy areas in southern Santa Fe and northwest Buenos Aires provinces.Click here to read full stories.
Jan 17 - China corn output to drop 4.1 pct in 2016/2017 - ag ministry
China, the world's second-biggest corn consumer, will produce 4.1 percent less corn in the 12 months ending in September 2017, and imports will plunge 68.8 percent in the same period, according to forecasts from the country's agriculture ministry. Corn production will fall to 215.3 million tonnes while imports will be at 1 million tonnes for the 2016/2017 period. The imports are down from 3.2 million in the previous year while production dropped from 224.6 million, the ministry's latest China Agricultural Supply and Demand Estimate report showed, issued at a briefing in Beijing on Tuesday.Click here to read full stories.
Jan 17 - Russian wheat prices up slightly on stronger rouble
Russian wheat prices rose slightly last week due to a stronger rouble after long New Year holidays in Russia, analysts said on Monday. Black Sea prices for Russian wheat with 12.5 percent protein content for January supply were $183 per tonne on a free-on-board (FOB) basis at the end of last week, up $1 from late December, Russian agricultural consultancy IKAR said.Click here to read full stories.
Jan 17 - China's Sinochem chief dismisses ChemChina merger reports as "rumour"
Media reports of a merger of Chinese state-owned chemical firms Sinochem Group and ChemChina, which is finalising a $43 billion takeover of Swiss pesticides and seed group Syngenta are just rumours, Sinochem Group Chairman Ning Gaoning said. Sources told Reuters in October that Sinochem and ChemChina were in discussions about a possible merger to create a chemicals, fertiliser and oil giant with almost $100 billion in annual revenue.Click here to read full stories.
Jan 17 - Brazil to boost new crop financing by about 20 pct - Temer
Brazil will increase a subsidized credit line available to farmers to prepare for the 2017-2018 crop by about one-fifth to 12 billion reais ($3.72 billion), President Michel Temer told Reuters on Monday. The new crop financing will allow Brazilian producers to purchase agricultural inputs such as seeds, fertilizers and pesticides at reduced interest rates to better plan future production.Click here to read full stories.
Jan 17 - Australian Dairy Price Recovery Exceeds Expectations (Dow Jones)
The speed of recovery in dairy prices has exceeded expectations with Australia's dairy export prices now nearly 30% above the long run average level of 2010 to 2016, says National Australia Bank in a note. "Data showing falling milk deliveries in most major exporters has been a key driver of the recovery." However it adds that the U.S. remains an outlier with dairy production holding up as cheap feed corn continues to underpin lower input costs. In Australia, NAB estimates that seasonal production will be down 8.2% to 8.7 million liters.
Jan 17 - Malaysia Palm Oil Prices Edge Up, Supported by Exports (Dow Jones)
Malaysian palm oil prices are slightly higher early Tuesday, likely supported by an estimated improvement in exports from Malaysia this month. Malaysia's palm oil exports during January 1-15 are estimated up 12.0% on month at 520,332 metric tons, according to cargo surveyor SGS (Malaysia) Monday. The Bursa Malaysia benchmark 3-month palm oil contract is trading up 15 ringgit a ton at 3125 ringgit a ton.
Jan 16 - Asian CPO Closes Higher Lifted by Export Data (Dow Jones)
Asian crude palm-oil price futures end Monday's session higher driven by robust export performance. Malaysia's palm-oil exports during January 1-15 period are estimated to have risen 6.7% from the previous month at 513,762 metric tons, cargo surveyor Intertek Agri Services said today. Another surveyor SGS (Malaysia) estimated palm-oil exports up 12.0% on month at 520,332 metric tons. Benchmark palm-oil futures for April delivery on the Bursa Malaysia Derivatives Exchange last traded 28 ringgit higher at 3,111 ringgit a ton.
Jan 16 - ADM shakes up global commodities trading business
Archer Daniels Midland Co has become the latest global agricultural trader to undergo senior management changes as the sector grapples with a grain glut that is depressing prices. The chief executive at the U.S.-based firm's trading arm in Asia, Frederik Groth, has left the company, two traders and a company source said on Friday.In November, Patrick Heijbroek became the company's global head of grain trade, a change from his experience trading vegetable oils earlier in his career, according to his LinkedIn profile. Click here to read full stories.
Jan 16 - China to import 2 mln tonnes of corn in 2016/2017, down 37 pct y/y - think tank
China will import 2 million tonnes of corn in 2016/2017, down 37 percent from the previous year, the National Grain and Oils Information Center estimated in a daily report, as profits from imports have declined.Prices of domestic corn have declined to almost the same level as imported corn in the past year, making the latter lose advantage, the official think-tank said. Click here to read full stories.
Jan 16 - More rain and pain expected as Thai flood death toll rises to 40
Thailand faces more hardship from unseasonable floods that have killed 40 people in its south, with more rain expected in the major rubber-producing and tourist region in coming days, a top disaster agency official said on Sunday. Persistent heavy rain well into what should be the dry season has triggered floods across the south, cutting road and rail links, threatening crops and affecting about 1.6 million people, said Chatchai Promlert, head of the Disaster Prevention and Mitigation Department. Click here to read full stories.
Jan 16 - Trucker protest partially blocks key soy road in Brazil
A major grain transportation route in Brazil's top soy and corn producing state of Mato Grosso was partially blocked on Friday by truck drivers who demanded higher pay as the grains harvest kicks off, police and demonstrators said. Gilson Baitaca, a demonstration organizer, said that around 1,000 trucks carrying soybeans, corn and soymeal had been stopped at two points along the BR-364 road near Rondonopolis, in Mato Grosso. Police confirmed the protest but did not provide details about the size of the demonstration. Click here to read full stories.
Jan 16 - Egypt's GASC buys 235,000 tonnes of Russian and Romanian wheat
Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Saturday it had bought 175,000 tonnes of Russian and 60,000 tonnes of Romanian wheat in an international purchase tender.The wheat was sought for shipment between Feb. 15 and 25. Click here to read full stories.
Jan 16 - Speculators up bullish bet in ICE cotton to fresh record - CFTC
Speculators hiked their bullish stance in cotton to a record in the week to Jan. 10, and also boosted their net long positions in sugar and arabica coffee, U.S. Commodity Futures Trading Commission data showed on Friday.The dealers trimmed a bearish stance in cocoa futures and options, the data showed. Click here to read full stories.
Jan 16 - German farming lobby leader concerned at lack of Brexit plan
The head of Germany's farming association voiced concerns about the lack of plans to deal with the impact on European Union finances and on massive volumes of food trade following Britain's vote to leave the EU.As Britain is a huge net contributor to EU finances, Brexit could have a major impact on funding of the EU's farming support scheme, called the common agricultural policy (CAP), Joachim Rukwied, the president of the German farming association DBV, said. Click here to read full stories.
Jan 16 - Egypt eases strategic grains import regulations
Egypt, the world's largest grain importer, is streamlining its import procedures and establishing a registry of companies that will inspect potential purchases abroad, the Trade Ministry said on Friday. An intergovernmental feud over import regulations for wheat effectively cut Egypt off from global markets last year. Click here to read full stories.
Jan 16 - Low U.S. winter wheat acres pave way for soybeans, corn - Braun
U.S. farmers have likely planted the smallest winter wheat crop since 1909 and current prices suggest that growers will plant a lot of soybeans on those lost wheat acres come spring. The U.S. Department of Agriculture on Thursday set 2017 winter wheat acreage at 32.4 million acres, down 10 percent from the previous year. This means farmers in the United States, one of the world's biggest wheat exporters, have nearly 4 million extra acres for other crops this year. Click here to read full stories.
Jan 16 - NOPA December soybean crush seen at 162.813 mln bushels
U.S. soybean processors likely raised their pace of crushing during December as weakening soybean prices boosted profit margins, traders and analysts said.The National Oilseed Processors Association (NOPA), the largest U.S. trade group for the industry, is expected to report that its members crushed 162.813 million bushels of soybeans in December, based on the average of estimates given by five analysts. Click here to read full stories.
Jan 16 - Uganda detects bird flu in wild, domestic birds
Uganda's ministry for agriculture said on Sunday it had detected bird flu in two locations, one affecting wild birds and another hitting domestic birds, but it did not say whether it was a strain that has spread across Europe and the Middle East.The H5N8 strain, which is deadly for poultry but has not been found in humans, has spread in Europe and the Middle East since late last year, leading to the slaughter of hundreds of thousands of farmed birds and the confinement of flocks indoors. Click here to read full stories.
Jan 16 - Saudi Arabia Fertilizers Co (SAFCO) reports 25 pct drop in profits
Saudi Arabia Fertilizers Co (SAFCO), a unit of Saudi Basic Industries Corp (SABIC), reported on Sunday a 24.85 percent drop in its fourth-quarter net profits, to 284.5 million Saudi riyals ($75.85 million), blaming lower product prices and higher costs.The firm, which reported a fall in profits in 13 of the preceding 14 quarters according to Reuters data, was forecast by five analysts on average to make a profit of 273.76 million riyals in the three months ended Dec. 31. Click here to read full stories.
Jan 16 - U.S. grain handler Andersons to exit retail business
Loss-making U.S. grain handler Andersons Inc said on Sunday it plans to exit the retail business, affecting over a thousand employees, at a time when the U.S. farm sector is facing a downturn due to a sharp decline in grain prices.The company, which buys grain, produces ethanol and leases rail cars, said it will shut its four retail stores in the second quarter of 2017, affecting 650 employees in the Toledo area and 400 in Columbus. Click here to read full stories.
Jan 16 - Asian CPO Prices Still Supported by Export Data, Soy Oil Moves (Dow Jones)
Malaysia palm oil prices remain supported by figures showing Malaysia's palm oil exports rose by 8% in the first 10 days of January, data that gave a lift to prices last week, according to Capital Economics. Palm oil prices have also been supported in recent days by the strength of soy oil prices, since the two oils act as substitutes. Palm oil prices will likely take some cues Monday from data from cargo surveyor Intertek and SGS. Bursa Malaysia palm oil prices ended Friday up 4 ringgit a ton at 3120 ringgit a ton.
Jan 13 - U.S. farmers cut winter wheat acreage to 108-year low on supply glut
U.S. farmers slashed their winter wheat plantings to the lowest in more than a century as supplies of the grain ballooned to a 29-year high, the U.S. Agriculture Department said on Thursday.USDA also dialed back its harvest estimates for the U.S. soybean and corn crops but 2016/17 marketing year production of both commodities remained at record levels. Corn and soybean supplies rose to record levels following the bumper harvest during the fall.Click here to read full stories.
Jan 13 - Dry weather speeds up soybean harvest in Brazil
Long queues of trucks loaded with soybeans have been forming in front of elevators in the heart of Brazil's grain belt this week, a sure sign the harvest is speeding up and will soon pour an expected record volume of the oilseed into the market.Brazil, the world's largest soybean exporter, started harvesting its 2016/17 crop around Christmas, earlier than in previous seasons. Planting started in late September, earlier than usual, on the back of excellent wet weather conditions.Click here to read full stories.
Jan 13 - China's December soybean imports hits one-year high
China, the world's largest soy buyer, imported 9 million tonnes of soybeans in December, highest in a year, official customs data showed on Friday, as crushers replenished stocks ahead of an upcoming peak consumption period.Last month's imports were almost level with the 9.12 million tonnes taken in the same month a year ago, according to the data from the General Administration of Customs, and were up 14.8 percent from November's 7.84 million tonnes.Click here to read full stories.
Jan 13 - As Trump meets biotech CEOs, farm advisers fret over empty USDA spot
U.S. President-elect Donald Trump has left the agriculture secretary as the last department head to be named to his Cabinet, while a meeting with the chief executives of two agribusiness giants gave a hint at a roster of farm issues the incoming president will face.Trump met on Wednesday with the leaders of Monsanto Co and Bayer AG, who pitched the benefits of their proposed $66 billion merger. While critical of other large tie-ups, Trump has not publicly taken a stance on the Bayer-Monsanto deal.Click here to read full stories.
Jan 13 - Rains delay corn planting in some areas of Argentina - exchange
Argentina's northern and central farm belts have been pounded by storms in recent days, slowing corn planting with almost 91 percent of the 2016/17 crop already sown, the Buenos Aires Grains Exchange said in its weekly report on Thursday.Rain has softened the earth in intended corn areas to the point where planting machines have started sinking in the mud, the report said, while roads in the area have been washed out."The biggest problems of excess moisture are in central Santa Fe, eastern Cordoba and western Buenos Aires provinces," the report said.Click here to read full stories.
Jan 13 - Storms ease California drought as reservoirs fill up
Several months of wet weather have dramatically eased California's years-long drought, replenishing reservoirs and parched aquifers and forcing state water officials to switch - at least temporarily - from managing shortages to avoiding floods.With rain continuing to fall following a deluge that brought 20 inches (50 cm) of precipitation to some areas this week, the snowpack in the Sierra Nevada mountains - crucial for storing water needed in the state's long, hot summers - is deeper and wetter than normal. Reservoirs were well above normal levels, state and federal drought experts said on Thursday.Click here to read full stories.
Jan 13 - USDA analysis says ethanol's environmental benefits better than forecast
The U.S. government on Thursday said that ethanol made from corn is better for the environment than previously expected in a report boosting the country's biggest biofuel a week ahead of a new administration that has some in the industry concerned.The report, the first of its kind from the U.S. Department of Agriculture (USDA) to examine the actual impact of ethanol, said the biofuel reduces greenhouse gas (GHG) emissions by 43 percent relative to gasoline, significantly more than the 21 percent estimated by the Environmental Protection Agency in 2010.Click here to read full stories.
Jan 13 - South Africa grain industry group sees 2017 maize surplus
South African industry group Grain SA sees a 2017 maize surplus after last year's drought-induced deficit and its surveys show farmers have planted 2.4 million hectares this season, an 18 percent increase over 2016, its chief executive said on Thursday."What I've learned from our surveys and discussions with the farmers is that we will plant, or have planted because it's just about done now, around 2.4 million hectares," Jannie de Villiers told Reuters in a telephone interview.Click here to read full stories.
Jan 13 - U.S. farmers ask Trump to stay the course on Cuba
Dozens of U.S. farm and agri-business groups on Thursday urged President-elect Donald Trump to build upon progress made by the Obama administration in relations with Cuba, calling trade with the former Cold War foe particularly important at a time of a severe downturn in farm incomes.The agricultural trade groups stated their views in a letter sent to Trump, who is to be inaugurated on Jan. 20.Click here to read full stories.
Jan 13 - World food prices fall in 2016 for fifth straight year - UN FAO
World food prices fell for a fifth straight year in 2016 as losses in cereals, meat and dairy outweighed rises in sugar and vegetable oils, the United Nations food agency said on Thursday.Prices remained stable in December from the month before, according to the Food and Agriculture Organization's (FAO) main food price index, which has edged up steadily after hitting a seven-year low in January.Click here to read full stories.
Jan 13 - Soybean Gains Boost Malaysia Palm Oil Prices (Dow Jones)
Malaysia palm oil prices are supported by rising prices for soybeans--a substitute for palm oil--in U.S. trading. The moves in soybean prices followed the release of a World Agricultural Supply and Demand Estimates Report last night that showed increases to Brazilian and Chinese soybean production were largely offset by reductions in Bolivia, Uruguay and the U.S., according to a report by Rabobank. The Bursa Malaysia benchmark palm oil contract opened 29 ringgit higher at 3145 ringgit a ton.
Jan 12 - Asian CPO Ends Lower, Guided by Weaker Competing Oils (Dow Jones)
Asian crude palm-oil price futures end lower Thursday, tracking weaker soybean oil prices, though concerns of falling supply will likely limit losses. "Prices of palm-oil will recover as soybean oil prices gain strength," says David Ng, analyst at Kuala Lumpur-based Philip Futures brokerage. However, improved export performance, as reflected by monthly estimates released by cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd, will keep investor sentiment upbeat, he adds. Further, an expected fall in palm-oil production due to floods in top-producer Malaysia will also support prices. Ng expects palm oil prices to trade between 3,080 ringgit a ton and MYR3200 a ton. Benchmark palm-oil futures for March delivery on the Bursa Malaysia Derivatives Exchange last traded 20 ringgit lower at MYR3113 a ton.
Jan 12 - FranceAgriMer lifts French wheat exports forecast after sales to Yemen
Government agency FranceAgriMer has raised its forecast for French soft wheat exports outside the European Union this season following an unexpected series of shipments to Yemen.French wheat exports are still set to fall sharply from last season, but the sales to Yemen and less intense competition than feared in Algeria could help limit the impact of a weather-hit French harvest that brought low yields and mixed grain quality, the agricultural and fisheries agency said on Wednesday. Click here to read full stories.
Jan 12 - China's distillers' grains imports seen at less than 1 mln t - think-tank
China will import less than 1 million tonnes of distillers' dried grains (DDGS) in 2016/17, an official think-tank estimated on Thursday, after Beijing slapped high anti-dumping duties on the animal feed ingredient.Imports for 2016/17 were previously seen at 2 million tonnes, said the China National Grain and Oils Information Center (CNGOIC). Click here to read full stories.
Jan 12 - Agroconsult sees record Brazil 2016-17 soy, corn crops
Brazil is likely to produce a record 2016-17 soybean crop of 104.4 million tonnes, up from a November estimate of 102.6 million tonnes, as favorable climate conditions boost production prospects, consultancy Agroconsult said on Wednesday.Agroconsult, who will start a crop tour this month visiting key producing areas in the country, also forecast a record 2016-17 corn crop of 94.9 million tonnes, up from a November estimate of 92 million tonnes.Click here to read full stories.
Jan 12 - China's 5th bird flu outbreak hits goose farm in Hunan province
China's Ministry of Agriculture said late on Wednesday that a bird flu outbreak, the country's fifth since last October, hit a goose farm in its southern Hunan province, killing 1,054 birds.The outbreak in Yuanjiang, a city of more than 700,000 people, was confirmed as a case of the H5N6 strain of the virus, the ministry said in a statement on its website. Click here to read full stories.
Jan 12 - Argentina 2016/17 soy crop seen at 56 mln tonnes vs 58.8 mln in 2015/16
Argentina farmers are expected to harvest 56 million tonnes of soy in the 2016/17 season versus 58.8 million tonnes produced in the 2015/16 crop year, the country's agriculture ministry said in a presentation on Wednesday.Soy planting, which is almost complete for the 2016/17 season, has been reduced as growers seed more corn and wheat. The government has stimulated crop rotation after years of over-planting soy by eliminating wheat and corn export taxes. Click here to read full stories.
Jan 12 - Ukraine ships 70 pct of potential wheat exports, India takes a chunk
Ukraine exported around 10.8 million tonnes of wheat in the first half of the 2016/17 July-June season, some 70 percent of its potential wheat exports for the current season, analyst UkrAgroConsult said on Wednesday.Ukraine, one of the world's top three exporters, harvested 26.1 million tonnes of wheat in 2016 and expects exports of around 16.6 million tonnes of the grain for the whole season, according to the agriculture ministry's forecast. Click here to read full stories.
Jan 12 - China's Xinjiang cotton sales down 22 pct for new crop year
China's Xinjiang region has sold 1.26 million tonnes of cotton during the 2016/2017 crop year to date, down 22 percent from the same time a year ago, the National Development and Reform Commission said on Thursday.About 3.9 million tonnes of cotton has been processed in Xinjiang, one of the country's top producers of the fibre, up by 450,000 tonnes from last year, China's state planner said. Click here to read full stories.
Jan 12 - Slumping fertilizer makers turn to high-margin industrial uses
Makers of fertilizers that boost corn and palm growth are taking advantage of higher profit margins for uses in other industries, such as oil drilling and livestock feed, to ride out a severe slump.Potash and phosphate prices touched multi-year lows last year due to a capacity glut and soft crop prices. Higher and more stable returns for some industrial applications are prompting producers to shift greater attention to what has been a sideline business for some. Click here to read full stories.
Jan 12 - Ringgit Strengthening Weighs on Malaysia Palm Oil (Dow Jones)
Malaysian palm oil prices are trading slightly lower likely due to ringgit gains against the dollar, which makes the ringgit denominated contact nominally more expensive. However, prices remain largely rangebound at historically high levels as palm oil production in Malaysia remains low, tightening available supplies of in the market. The Bursa Malaysia three-month contract is trading down 10 ringgit at 3123 ringgit a ton.
Jan 11 - Asian CPO Rises on Stronger Export Performance (Dow Jones)
Asian crude palm-oil futures prices recover from losses to end higher on Wednesday, helped by robust exports performance. Malaysia's palm-oil exports during Jan. 1-10 were estimated to rise 8.1% on month to 351,907 metric tons, cargo surveyor Intertek Agri Services said Tuesday. Another surveyor, SGS (Malaysia) Bhd, estimated that palm-oil exports rose 10.7% on month at 338,777 metric tons. Demand from top-buyer China has risen due to festival-buying ahead of the Lunar New Year holidays. However, demand from India has improved but continues to be weak, hurt by the cash shortage following the Indian government's move to ban high-denomination banknotes. Traders expect prices to remain bullish amid concerns of production and a marginal rise in palm-oil stocks. Benchmark palm-oil futures for March delivery on the Bursa Malaysia Derivatives Exchange last traded up 53 ringgit per ton to MYR3135/ton.
Jan 11 - Brazil 2016/17 soy crop seen at record 103.8 mln tonnes - Conab
Brazil, the world's largest soybean exporter, is likely to produce a record 103.8 million tonnes in the 2016/17 season, as favorable weather boosts crop prospects, government agency Conab said on Tuesday.Conab's forecast rose from 102.45 million tonnes in December. In the last crop season, Brazil harvested 95.4 million tonnes, when drier climate conditions hurt output in some areas. Click here to read full stories.
Jan 11 - Soybean prices to come under pressure in 2017 -Braun
In 2016 soybean prices had their best year since 2012. But a repeat performance for the oilseed in 2017 may prove difficult thanks to challenges on both the supply and demand fronts.Front-month Chicago soybean futures finished last year up 14 percent from where they began the year, peaking at 35 percent in June. The most active March 2017 contract is up nearly 18 percent over where last year’s contract sat a year ago today. Click here to read full stories.
Jan 11 - China hikes anti-dumping duties on U.S. DDGS in final ruling
China has increased punitive tariffs on imports of a U.S. animal feed ingredient known as distillers' dried grains (DDGS) from levels first proposed last year, potentially escalating a trade spat between the world's two largest economies.In its final ruling, the Commerce Ministry said on Wednesday that anti-dumping duties will range from 42.2 percent to 53.7 percent, while anti-subsidy tariffs will be between 11.2 percent and 12 percent. Click here to read full stories.
Jan 11 - Argentine farm belt seen benefiting from dry weather this week
Dry conditions forecasted for Argentina in the coming days are expected to help soy and corn crops after heavy rains in late December and early January left 10 percent of its central farm belt with excessive moisture, local weather experts said on Tuesday.The recent wet weather caused concern about soy planting in the world's No. 1 exporter of soymeal livestock feed. Click here to read full stories.
Jan 11 - Deep snow protects winter crops in Ukraine, Russia
A substantial snow layer has protected Ukrainian and Russian winter crops from severe frosts which came this weekend, analyst and weather forecasters said on Tuesday.Temperatures in most Ukrainian regions fell substantially to 13-20 degrees Celsius (55.4-68°F) below zero in the last four days, but at the same time, snowfalls occurred across the country. Click here to read full stories.
Jan 11 - Cargill profit jumps on strong meat demand, big U.S. crops
Global commodities trader Cargill Inc on Tuesday reported a sharply higher adjusted quarterly profit led by strong results from its beef and turkey businesses and robust demand for North American grain and oilseed crops.The privately held company said adjusted operating earnings jumped nearly 80 percent in the second quarter ended Nov. 30 to $1.03 billion, from $574 million in the same quarter a year earlier. Click here to read full stories.
Jan 11 - France extends duck cull zone amid further bird flu outbreaks
France on Tuesday widened an area in which mass culling of ducks is to take place as new cases of bird flu were confirmed in the southwest, the country's main foie gras producing region.The government had ordered last week the slaughter of all free range ducks, as well as geese, in part of the southwest in a push to halt the spread of the severe H5N8 bird flu virus. Click here to read full stories.
Jan 11 - Brazil's BRF sees savings of up to $180 mln from Banvit deal
Brazilian food processor BRF SA sees cost savings and other efficiencies from its investment in a Turkish poultry producer reaching up to $180 million, its chief executive officer said on Tuesday.CEO Pedro Faria said on a conference call that the investment in Banvit Bandirma Vitaminli Yem Sanayii AS will give BRF's OneFoods halal meat unit a roughly 40 percent share of the Middle East market. Click here to read full stories.
Jan 11 - Thai commerce ministry to begin auctioning rice stockpiles in first quarter
Thailand will begin auctioning about 8 million tonnes of rice from government stockpiles in the first quarter this year, the commerce ministry said on Tuesday.Thailand, the world's second-biggest exporter after India, has struggled to offload its stocks following the end of a rice-buying scheme under the previous, civilian government. Click here to read full stories.
Jan 11 - Asian CPO Trades Higher but Remains in Tight Range (Dow Jones)
Malaysia crude palm-oil is trading higher early but remains in the tight range that it has traded in for the last month. Analysts expect palm-oil prices to remain high over 1Q as production of palm-oil fell sharply in December and stocks only rose by 0.2%. The Bursa Malaysia benchmark 3-month palm-oil contract ended up Y8.4/kg at Y288.0/kg.
Jan 11 - Thailand to Sell 8M Tons of Rice in Warehouses (Dow Jones)
Thailand's junta-appointed government plans to sell some 8M tons of rice, most of which acquired through a state subsidy program under the previous administration, before year's end. Commerce Ministry official Duangporn Rodphaya says about 5M tons of the supply in state warehouses are more suitable for industrial uses, meaning there's potential to sell it in bulk--especially when market supplies start to ease. "The National Rice Policy Committee will decide the timing and the volume..,to help reduce the storage cost." She put that at around THB504M ($14.1M) / month.
Jan 10 - Asian CPO Ends Down on Signs of Swelling Stockpiles (Dow Jones)
Asian crude palm-oil future prices end lower amid worries of rising inventories that weighed on investor confidence. Malaysia's palm-oil stock piles at the end of the December were up 0.2% on month to 1.67 million metric tons, the Malaysian Palm Oil Board said Tuesday. The monthly report showed crude palm-oil output fell 6.4% to 1.48 million tons in December. However, Malaysia's palm-oil exports during January 1-10 were estimated up 8.1% on month at 351,907 metric tons, cargo surveyor Intertek Agri Services said. Another surveyor, SGS (Malaysia) estimates palm-oil up 10.7% on month at 338,777 metric tons. Benchmark palm-oil futures for March delivery on the Bursa Malaysia Derivatives Exchange last traded MYR32 lower to MYR3080 ringgit per ton.
Jan 10 - Brazil's Conab Raises Forecast for 2016-2017 Soy, Corn Crops (CONAB)
Brazilian crop agency Conab Tuesday raised its forecasts for the country's soybean and corn crops in the 2016-2017 season, helped by good weather in the main producing areas.
Brazilian farmers will grow 103.8 million metric tons of soybeans in the current season, Conab said, compared with production of 95.4 million tons in the previous season. In December, the agency forecast a crop of 102.4 million tons.
Brazil is the world's second-biggest soybean producer after the U.S., and Conab's forecast for 2016-2017 would be a record for the South American country. Good rains in the state of Mato Grosso, which grows close to 30% of Brazil's soybeans, and in other areas boosted expectations about production, Conab said.
Conab also raised its forecast for corn production for the current season to 84.5 million metric tons, from December's forecast of 83.8 million tons. In the 2015-2016 season Brazilian farmers grew 66.6 million tons of corn.
Jan 10 - Malaysia January 1-10 Palm Oil Exports Up 10.7% (SGS)
Malaysia's palm oil exports during the January 1-10 period are estimated up 10.7% on month at 338,777 metric tons, cargo surveyor SGS (Malaysia) Bhd. said Tuesday. The following are the major items in the SGS estimate:
(All figures in metric tons)
January 1-10 December 1-10
RBD Palm Olein 177,237 145,796
RBD Palm Oil 34,755 26,700
RBD Palm Stearin 20,290 19,049
Crude Palm Oil 13,050 49,850
Total* 338,777 305,990
Jan 10 - ChemChina, Syngenta submit remedy proposals to EU antitrust watchdog
China National Chemical Corp (ChemChina) and Swiss pesticides and seeds group Syngenta AG have proposed remedies to the European Union's competition watchdog to address concerns over their $43 billion merger agreement. The European Commission's website showed "commitments" submitted on Jan. 9, which typically means the parties have proposed remedies such as asset divestment or specific product pricing. It did not elaborate on the nature of the pair's commitments. Click here to read full stories.
Jan 10 - Bunge to build new soybean plant in Indiana or Ohio
Global agricultural trader Bunge Ltd said on Monday it will build its first new U.S. soybean processing plant in 15 years in Indiana or Ohio to serve growing domestic and export demand for soy products. The plant is expected to be on line by the end of 2019, Bunge North America said in a statement. Click here to read full stories.
Jan 10 - China's soy crushers slow buying due to tighter margins
Soybean crushers in China, the world's top soy importer, have slowed purchases of beans in recent weeks as soaring prices hurt profits and crushers work through hefty stockpiles ahead of the Lunar New Year holiday. Higher soybean prices and waning demand for soyoil and soymeal have hurt profits, cutting crush margins by more than half since the start of the year. Click here to read full stories.
Jan 10 - Thailand aims to cut rice output and increase exports
Thailand will aim again to cut rice production this year while also increasing exports, a government official said on Monday. The world's second biggest rice exporter failed in its attempt to get farmers to grow less in 2016 despite weak prices. It still holds a stockpile of eight million tonnes resulting from a previous government's subsidy scheme. Click here to read full stories.
Jan 10 - U.S. agriculture department finds bird flu in Montana wild duck
The U.S. Department of Agriculture said on Monday it had detected a type of bird flu in a wild duck in Montana that appeared to match one of the strains found during an outbreak of the disease in 2014 and 2015 that led to the deaths of millions of chickens. No U.S. poultry have been found to be sick or dead from the disease in connection with the latest discovery, the USDA said. Click here to read full stories.
Jan 10 - BRF, Qatar to buy Turkish poultry firm Banvit in $470 mln venture
Brazilian food processor BRF SA and Qatar's sovereign wealth fund agreed to buy the operations of Turkish poultry producer Banvit in a joint venture, BRF said in a securities filing on Monday. BRF said it would take a 60 percent stake in the venture and the Qatar Investment Authority will take 40 percent in a deal that calculates Banvit's enterprise value at $470 million. Click here to read full stories.
Jan 10 - Iraq widens poultry import ban to Serbia, Finland and Britain
Iraq widened a ban on live and frozen poultry imports to include Serbia, Finland and Britain on Monday due to concerns over the spread of bird flu, the government said in a statement. The country imports nearly 50 percent of its annual poultry needs, depending on national production, deputy Agriculture minister Dr. Mahdi al-Qaisi said. Click here to read full stories.
Jan 10 - Argentina beef output falls 2.2 percent in 2016; to grow in 2017 - industry
Argentina's beef production fell to 2.67 million tonnes in 2016, down 2.2 percent from the prior year, but will increase in 2017 due to a more favorable policy climate, an industry group said on Monday. The drop in 2016 output came as producers reduced slaughter rates in order to increase the sizes of their herds to take advantage of the elimination of export taxes and restrictions, one of the first actions President Mauricio Macri took after taking office in December 2015. Click here to read full stories.
Jan 10 - Malaysia Palm Oil to Remain Elevated in 1Q 2017 (Dow Jones)
Bursa Malaysia palm oil prices will remain elevated in 1Q 2017, as international stocks remain low following the delayed impact of El Nino on South East Asia's production in 2016, says BMI Research in a note. "We maintain our view for palm oil prices to ease later on in 2017 and for prices to average lower on a year on year basis, as global supply will improve." Furthermore, BMI Research has revised the average price of palm oil, expecting prices to average MYR2,600/ton this year. "We see upside risks to our price forecast in 2017 coming from a potential higher-than-expected rise in soybean and crude oil prices in 2017. Should prices overshoot our view, palm oil would also rise above our expectations due to substitution effects."
Jan 09 - Asian CPO Edges up on Lower Output, Better Exports (Dow Jones)
Asian crude palm-oil futures price end stronger Monday on expectations of a fall in production in the region's biggest producers, Malaysia and Indonesia. Traders are waiting to look at crucial production data to be released by the Malaysian Palm Oil Board Tuesday. Output in Indonesia and Malaysia is likely to be hit by the El Nino phenomenon that damages crops and impacts yields. "Currently, prices are being supported by some negative sentiment in production," says a Kuala Lumpur-based trader. Further, expectations of an improvement in exports has also lifted palm-oil prices. David Ng, an analyst at Philip Futures brokerage predicts prices to be range-bound between MYR3050/ton and MYR3150/ton. Benchmark palm-oil futures for March delivery on the Bursa Malaysia Derivatives Exchange last traded MYR34 higher to MYR3109 ringgit per ton.
Jan 09 - Egypt, world's largest wheat buyer, appoints new head of agriculture quarantine
Egypt, the world's largest wheat buyer, has appointed a new head to its agriculture quarantine agency, the body that last year threw the massive wheat buying programme into disarray when it tightened import regulations on a common wheat fungus.The new head is Najla Mousa Balabel, the Agriculture Ministry said in a statement on Sunday. Click here to read full stories.
Jan 09 - Weak U.S. soy export sales fuel fears of demand slowdown
U.S. soybean export sales slid to their lowest in the current marketing year last week, the U.S. Department of Agriculture said on Friday, fueling concerns among analysts and traders that formerly sizzling demand is cooling down.Exporters in the week ended Dec. 29 struck deals to sell 87,500 tonnes of U.S. soybeans for delivery in the 2016/2017 marketing year, which ends on Sept. 1, according to the USDA. That was down 94 percent from the prior four-week average. Click here to read full stories.
Jan 09 - Don’t bank on the trimming trend to U.S. soybean carryout - Braun
The soybean market has grown comfortable with the U.S. Department of Agriculture’s habit of drastically overestimating domestic carryout early in the marketing year.But USDA might not have done that this time around.Over the past three years, USDA has had to significantly scale back U.S. soybean ending stocks throughout the marketing year, especially in the second half. Click here to read full stories.
Jan 09 - POLL-Brazil's soybean crop seen at 103.5 mln tonnes as harvest begins
As Brazil's 2016/17 soybean harvest begins, analysts expect a record crop of 103.5 million tonnes thanks largely to good weather conditions, a Reuters poll showed on Friday.The estimate, based on the average of 18 predictions by consultants and official bodies, was slightly higher than a forecast of 103.1 million tonnes from a Reuters poll in early December. Click here to read full stories.
Jan 09 - China COFCO grains chief Matt Jansen leaves
China's COFCO Group said on Friday chief executive of its international grains business Matt Jansen has resigned, just 18 months after joining the state-owned agricultural trader as it pursued a massive global expansion.The company has installed COFCO Vice President Jingtao Chi, who is known as Johnny, as CEO of both COFCO Agri Ltd and COFCO International Ltd to succeed Jansen, it said in a statement. Click here to read full stories.
Jan 09 - U.S. strikes deal to export eggs to bird flu-stricken S. Korea
The United States has reached an agreement that is expected to open the door for its first-ever exports of shell eggs to South Korea, as the North Asian country labors through its worst outbreak of bird flu in history, U.S. government and industry officials said on Friday.The U.S. Department of Agriculture (USDA) has been negotiating with South Korea's government to enable shipments ahead of peak egg demand in the upcoming Lunar New Year holiday season. Click here to read full stories.
Jan 09 - Brazil's BRF says halal food unit IPO remains an option
BRF SA, the world's largest poultry exporter, said on Friday an initial public offering of a subsidiary focused on the halal processed food market remains a strategic option.Reuters reported on Thursday that BRF wants to raise about $1.5 billion from the sale of a 20 percent stake in the unit, known as One Foods Holdings Ltd. In a Friday securities filing in response to the report, BRF said the IPO could take place in London but it is also gauging a private placement. Click here to read full stories.
Jan 09 - Chile says bird flu strain detected not particularly dangerous
Chile's Agriculture and Livestock Service (SAG) said on Friday that the strain of bird flu detected at a turkey production plant in the country's central Valparaiso region is not highly dangerous.The outbreak was detected at a plant run by a subsidiary of poultry producer Agrosuper. The SAG has said it will cull some 350,000 affected birds and quarantine the area to prevent the infectious disease from spreading. Click here to read full stories.
Jan 09 - Asian CPO Tad Higher, but Rangebound Ahead of Data (Dow Jones)
Asian crude palm oil prices are slightly higher as prices stay in a tight trading range. This as concerns remain around reduced production in Malaysia, says a Kuala Lumpur-based trader. He notes the focus is on the release of Malaysia Palm Oil Board data for December due Tuesday, when he expects to see palm oil production further reducing. The Bursa Malaysia 3-month palm oil contract is trading up MYR14 a ton at MYR3089 a ton.
Jan 06 - Le prix du lait remonte lentement (La France Agricole)
Le lait a été payé 316 € la tonne en novembre 2016 en Europe. C’est une hausse de 2 % par rapport à novembre 2015. En France, le prix moyen est de 323 €/t.
Selon l’Observatoire du lait européen, le prix du lait en novembre s’établit 5,7 % au-dessus de celui d’octobre, soit 316 €/t. C’est une hausse de 2 % par rapport à novembre 2015. En décembre, le prix devrait encore gagner quelques euros. Cependant, il reste près de 10 % en dessous de la moyenne des cinq dernières années.
Une augmentation à plusieurs vitesses
L’accélération de la hausse du prix du lait est la plus importante dans les pays baltes, en Belgique et aux Pays-Bas où le lait a été payé plus de 10 % de plus qu’en octobre. Ce sont également dans ces pays que la hausse est la plus nette par rapport à novembre 2015.
En France, le prix de novembre 2016 est estimé à 323 €/t, identique à novembre 2015 mais supérieur de 2,4 % à octobre 2016. Il reste moins réactif au cours des commodités que le prix des autres grands pays producteurs d’Europe. Bien que supérieur au prix moyen, le prix français se place en dessous de celui de la Belgique (337 €), de l’Allemagne (331 €) des Pays-Bas (330 €) et de l’Irlande (328 €).
Jan 06 - Asian CPO Ends Lower, Guided by Weaker Competing Oils (Dow Jones)
Asian crude palm-oil price futures continue their declines on Friday, tracking weaker rival soy oil prices as both compete for a share in the global vegetable oils market. Palm-oil prices are unlikely to improve unless soy oil shows signs of improvement, traders say. Further, investors will be looking out for significant crop data due to be released by the Malaysian Palm Oil Board early next week, which will lend some direction to the market, traders add. Tight supplies due to lower output in top-producer Malaysia is expected to restrict losses. Benchmark palm-oil futures for March delivery on the Bursa Malaysia Derivatives Exchange last traded 26 ringgit lower at MYR3070 per ton on Friday.
Jan 06 - Monsanto swings to profit on higher South America demand
U.S. seeds and agrochemicals company Monsanto Co, which is in the process of being bought by Germany's Bayer AG for $66 billion, swung to a quarterly profit, helped by higher demand from South America.Sales of soybean seeds and traits jumped 37 percent as more farmers in South America sowed the company's genetically modified soybean seed Intacta RR2 Pro. Click here to read full stories.
Jan 06 - Brazil soy export premiums surge on stronger currency
Brazilian soybean export premiums have nearly doubled from a year ago as a stronger currency encouraged local producers to delay sales of an expected record crop, Thomson Reuters data showed on Thursday.Export premiums rose to 57 cents a bushel over February futures in Chicago, 90 percent up from the 30 cents premium offered in early 2016. Click here to read full stories.
Jan 06 - EU 2016/17 wheat exports reach 12.9 mln T, up 1 pct on year
European Union soft wheat exports in the 2016/17 season had reached 12.9 million tonnes by Jan. 3, up 1 percent from the 12.7 million exported by the same period last season, official data showed on Thursday.The EU was updating export and import data with two weeks of figures after its usual weekly publication was postponed from last Thursday due to the year-end holidays. Click here to read full stories.
Jan 06 - S.Korea egg import subsidies criticized as insufficient, late
South Korean egg importers on Friday criticised the government's plans to subsidise the cost of fresh egg imports to alleviate a shortage caused by the country's worst-ever bird flu outbreak as insufficient and too late to meet upcoming holiday demand.South Korea will spend 900 million won ($758,000) to support shipment costs for eggs imported by air and ship through the end of February, the agriculture ministry said in a statement on Friday. Click here to read full stories.
Jan 06 - Hong Kong confirms second bird flu death this winter
A 62-year-old man travelling from mainland China died in Hong Kong from bird flu on Friday, the second such death this winter, the Hospital Authority said.The man, who visited the southern Chinese city of Guangzhou in mid-December and was hospitalized in the neighbouring city of Dongguan earlier this week, died from H7N9. Click here to read full stories.
Jan 06 - Record snow and rain stretches across parched U.S. west
Record snow and rain pummeled the western United States on Thursday, raising the threat of floods and freezing temperatures in some areas across the region, weather officials said.Winter storm warnings were in effect in parts of California, Colorado, Wyoming and Utah following days of snowfall and cold. Click here to read full stories.
Jan 06 - Australia trade surplus breaks long drought as exports boom
Australia boasted its first trade surplus in almost three years in November as surging commodity prices boosted export earnings beyond all expectations, a much-needed windfall that all but rules out the risk of recession for the resource-rich nation.Friday's data from the Australian Bureau of Statistics showed a trade surplus of A$1.24 billion ($908.92 million)in November, far above forecasts of a A$500 million deficit. Click here to read full stories.
Jan 06 - Asian CPO Opens Flat on Weak Trading Interest (Dow Jones)
Asian crude palm oil futures open flat amid a lack of trading interest. Investors have lost a sense of direction, and they are looking forward to a key crop report due to be released early next week before making fresh trades, says a Kuala Lumpur-based trader. Demand from China is also expected to improve ahead of the Lunar New Year holiday, which might lift market sentiment. Benchmark palm oil futures for March delivery on the Bursa Malaysia Derivatives Exchange opens 1 ringgit lower at MYR3100 per ton Friday. It settled at MYR3096 per ton on Thursday.
Jan 05 - Asian CPO Ends Weaker on Profit-Taking and Slow Demand (Dow Jones)
Asian crude palm-oil future prices end lower Thursday thanks to profit-taking and weak demand. Traders were mostly on the sidelines due to lack of fresh information on what to trade, says David Ng, an analyst at Philip Futures brokerage in Kuala Lumpur. He predicts prices will remain range-bound between MYR3080/ton and MYR3180/ton in the next couple of days. Demand for palm-oil continues to be sluggish but has improved slightly from the previous month, according to palm-oil export estimates released by cargo surveyors Intertek Agri Services and SGS (Malaysia) earlier this week. Benchmark palm-oil futures for March delivery on the Bursa Malaysia Derivatives Exchange are down MYR39 at MYR3102/ton at the end of the trading day.
Jan 05 - Argentina soy, corn sowing held back by recent downpours
The late December and early January storms that pounded Argentina's bread basket province of Buenos Aires have delayed corn and soy planting, weather experts said on Wednesday.The South American grains powerhouse is the world's No. 3 exporter of corn and soybeans. It is also the world's top supplier of soymeal livestock feed. Click here to read full stories.
Jan 05 - Egypt to buy local wheat crop at global prices in coming season
Egypt's government will buy the local wheat crop at global prices in the coming season and has approved raising the price it buys sugar cane from farmers, Agriculture Minister Essam Fayed said on Wednesday.The announcement follows the country's supply minister saying in November that the government would buy local wheat in the coming season at a set price of 450 Egyptian pounds per ardeb (150 kilos). Click here to read full stories.
Jan 05 - France orders massive duck cull to contain bird flu
France on Wednesday ordered a massive cull of ducks in three regions most affected by a severe outbreak of bird flu as it tries to contain the virus which has been spreading quickly over the past month, the agriculture ministry said.All free range ducks, as well as geese, will be slaughtered between Jan. 5 and approximately Jan. 20 in an area in southwestern France comprising parts of the Gers, Landes and Hautes-Pyrenees administrative departments, it said in a statement. Click here to read full stories.
Jan 05 - Commodity trader ED&F Man acquires UK pulses specialist Maviga
Agricultural commodity trading group ED&F Man has acquired Maviga Plc, a British firm specialising in pulses, as it targets rising demand for protein crops for use in food, the companies said on Wednesday.Maviga sources and ships around 250,000 tons of bagged and bulk products annually, including dried edible pulses and other niche crops like sesame seeds. It generated sales of over $300 million in 2015 and a pretax profit of $8 million. Click here to read full stories.
Jan 05 - Chile detects bird flu at poultry producer Agrosuper's plant
Chile has detected bird flu at a turkey production plant run by poultry producer Agrosuper in the country's central Valparaiso region, the Agriculture and Livestock Service (SAG) said on Wednesday. SAG said it plans to cull the affected birds and quarantine the area to prevent the infectious disease from spreading.No humans have been affected by the outbreak, it said. Click here to read full stories.
Jan 05 - Brazil's BRF launches unit focused on Muslim food markets
Brazil's BRF SA has launched a unit focused on the Muslim processed foods market, underscoring efforts by the world's No. 1 poultry exporter to gain market share in the oil-rich Middle East.In a Wednesday securities filing, BRF said the Dubai-based unit has been renamed One Foods Holdings Ltd, from Sadia Halal, with the goal of building market share in the region. Click here to read full stories.
Jan 04 - EU regulators delay ChemChina/Syngenta merger decision to April 12
European Union antitrust regulators have extended the deadline for a decision on ChemChina's proposed buy of Swiss pesticides and seeds group Syngenta by 10 working days to April 12.Syngenta said in a statement the two companies had asked for the extension to allow "sufficient time for the discussion of remedy proposals". Click here to read full stories.
Jan 04 - POLL-USDA November soybean crush seen at 170.96 mln bushels
The U.S. Department of Agriculture's monthly report on oilseed crushings will likely show that about 5.129 million short tons, or 170.96 million bushels, of soybeans were processed in November, a Reuters poll of five analysts showed on Tuesday.Their estimates ranged from 170.350 million to 171.551 million bushels. The median forecast was 170.9 million bushels. Click here to read full stories.
Jan 04 - Rains to benefit soybean areas across Brazil this week
Rain showers forecast for this week should benefit soybean crops across Brazil and should not be heavy enough to hamper harvesting of the first shipments of the 2016/17 season, meteorologists said on Tuesday.Brazil, world's largest soybean exporter, is expected to reap a record harvest of more than 100 million tonnes this year, according to estimates by government agencies and the private sector. The crop is in the final stages of development in the main producing states. Click here to read full stories.
Jan 04 - Wales confirms bird flu case, to cull infected poultry
Wales will cull a flock of chicken and ducks after it found the H5N8 bird flu strain in the poultry in a village backyard in the south western county of Carmarthenshire, the Welsh chief veterinary officer said on Tuesday.Several European countries and Israel have found cases of the contagious strain in the past few weeks and some have ordered poultry flocks be kept indoors to prevent the disease spreading. Click here to read full stories.
Jan 04 - Thai rice exports fall 1 pct to 9.6 mln T in 2016 from last year - commerce ministry
Thailand exported 9.6 million tonnes of rice in 2016, down 1 percent from a year earlier, the commerce ministry said on Wednesday, well below the government's target for 2016."Looking at the export contracts we think we exported about 9.6 million tonnes of rice worth 150 billion baht ($4.18 billion). That's down about 1 percent from 2015," Duangporn Rodphaya, chief of the ministry's foreign trade department, told Reuters. Click here to read full stories.
Jan 04 - Philippines' Q4 farm output may have dropped 2 pct on year - minister
Philippine farm output may have shrunk by as much as 2 percent in the last quarter of 2016 from a year ago after a strong typhoon damaged crops and washed away livestock in central provinces last month, the agriculture minister said on Tuesday.Based on an updated estimate, typhoon Nock-ten caused total damage worth 5.47 billion pesos ($110 million) to the agriculture sector, including losses in rice and corn, Agriculture Secretary Emmanuel Piñol told reporters. Click here to read full stories.
Jan 03 - Tax cut seen lifting soy planting in No.3 exporter Argentina
Argentina will cut its soybean export tax by 12 percentage points to 18 percent by 2020, the government said on Monday, a move expected to spur more planting in the South American grains powerhouse at a time of rising world food demand.The decree, published in the government's official gazette, sets out a plan for shaving 0.5 percentage point from the export levy every month in 2018 and 2019. In 2017 the tax will stay at 30 percent, having been cut from 35 percent a year ago soon after President Mauricio Macri took office. Click here to read full stories.
Jan 03 - China confirms human bird flu case in Guizhou province
Health authorities in the southern Chinese province of Guizhou have confirmed a new human case of H7N9 avian influenza, state radio said, bringing the total number of human infections of the highly pathogenic strain to 19 this winter.The 49-year old man, who is a chicken trader, was being treated in hospital in Qiannan prefecture, the report said on Sunday. The local authorities were taking precautions to try and prevent the infection from spreading, the report said. Click here to read full stories.
Jan 03 - China launches rural assets reforms to boost farmers' incomes
China has kicked off reforms to allow farmers to turn their assets into shares in various ventures to help boost their incomes, the country's agriculture minister said on Tuesday."At the present, it's urgent to safeguard farmers' property rights and it's more difficult to sustain increases in farmers' incomes,” Han Changfu told a news conference. Click here to read full stories.
Jan 03 - Bumper soy harvest in Brazil may be disrupted by January rains
Soy farmers in Brazil are concerned that heavy rains in January could disrupt the start of harvesting of the 2016-2017 crop, forecast at a record 100 million tonnes, growers and industry experts said on Friday.Due to early planting this year, much of the soy crop in the world's largest exporter will be ready from next month. January usually sees intense heavy rainfall, especially in the Centre-West region that accounts for nearly half of Brazil's soy output. Click here to read full stories.
Jan 03 - Georgia ex-gov is top choice for agriculture head -Trump transition official
Former Georgia Governor Sonny Perdue is U.S. President-elect Donald Trump's leading candidate to run the U.S. Department of Agriculture, a senior Trump transition team official said on Monday.Perdue, a Democrat-turned-Republican who founded a grain and fertilizer business, led the southern U.S. state for two terms as governor from 2003 to 2011. Click here to read full stories.
Jan 03 - Jordan makes no purchase in 25,000 T wheat tender, re-tenders
Jordan's state grain buyer has made no purchase in an international tender to buy 25,000 tonnes of hard milling wheat which closed on Monday, European traders said.A new tender for 25,000 tonnes of wheat has been issued closing on Jan. 9, they said. Click here to read full stories.
Jan 03 - Malaysia December 1-31 Palm Oil Exports 1,109,606, Down 1.8% (SGS)
- Malaysia's palm oil exports during the December 1-31 period are estimated down 1.8% on month at 1,109,606 metric tons, cargo surveyor SGS (Malaysia) Bhd. said Tuesday.
- The following are the major items in the SGS estimate:
(All figures in metric tons)
December 1-31 November 1-30
RBD Palm Olein 428,773 438,757
RBD Palm Oil 74,186 78,394
RBD Palm Stearin 107,497 81,231
Crude Palm Oil 207,875 219,220
Total* 1,109,606 1,130,172
Dec 31 - Our best wishes for a serene (and decisively less turbulent) New Year 2017 to all friends, tweeps, readers, followers and clients.
Dec 31 - Nagui demande l’interdiction du foie gras (La France Agricole )
L’animateur de télévision Nagui a signé le 23 décembre dans l’édition du quotidien Le Monde, une tribune réclamant l’interdiction du foie gras en France. Elle émane d’un collectif regroupant douze autres personnalités plus ou moins connues du grand public (journalistes, philosophes, chercheurs, chanteuse, écrivain) dont Matthieu Ricard, biologiste et représentant en France du Dalaï-Lama. Le collectif commence son propos en ironisant sur l’épisode de grippe aviaire dont les victimes seraient « d’abord et avant tout, les canards » ajoutant : « Quand on sait que le foie gras est un foie malade – les canards étant atteints de la stéatose hépatique –, la filière du foie gras – et donc du canard gras – n’en est plus à une maladie près ! »
Un long couplet est consacré au dénigrement des méthodes de production et de gavage que ce soit en élevage industriel ou artisanal. « Il n’y a pas de gavage heureux », assènent-ils
Pour contrer l’objection économique d’une éventuelle interdiction, les signataires font le parallèle avec ceux qui, comme la chambre de commerce de Mulhouse en 1837, défendaient le travail des enfants en ces termes : « Leur coopération est d’une nécessité absolue et la question de leur admission en général en serait une question de vie ou de mort pour nos fabriques. »
« Toutefois, des mesures d’accompagnement et de reconversion devront bénéficier à tous ceux qui travaillent au sein de la filière du foie gras », consent le collectif.
Un professeur de médecine porte la contradiction
Dans un billet du 24 décembre, le blogueur Jean-Yves Nau, ancien journaliste de la rubrique santé du quotidien Le Monde, leur porte une contradiction factuelle sur l’aspect stéatose. Il cite pour ce faire, le Pr. Gabriel Perlemuter, chef du service d’hépato-gastroentérologie et nutrition de l’hôpital Antoine-Béclère (Clamart) et directeur de l’unité Inserm « Microbiote intestinal, macrophages et inflammation hépatique » : « Les affirmations des auteurs de cette tribune sur les oies et canards malades sont fausses. Ce n’est que du marketing pour faire avancer de façon mensongère une cause. Les oies et les canards sont des animaux qui ont la capacité naturelle de faire de la stéatose (foie gras). Les Égyptiens l’avaient bien compris et les utilisaient déjà il y a bien longtemps. Ces animaux font naturellement de la stéatose pour emmagasiner un stock d’énergie sous forme de graisse afin de pouvoir faire leurs grandes migrations hivernales, du Nord vers le Sud, en passant au-dessus du Proche-Orient… et de l’Égypte. Ils consomment alors progressivement la graisse accumulée dans le foie pour ne pas avoir à atterrir et à s’alimenter. Il n’y a dans le foie de ces animaux ni inflammation, ni fibrose, ni cirrhose. D’ailleurs, les hommes et femmes qui font une stéatose sans inflammation ou fibrose n’ont pas de diminution de leur espérance de vie. »
Avec cette tribune, l’animateur poursuit son néoprosélytisme en faveur du végétarisme, tout en montant d’un cran puisqu’il revendique cette fois des mesures coercitives.
Dec 30 - Asian CPO Opens Weaker Hurt by Rival Oils (Dow Jones)
Asian crude palm oil price futures open lower Friday, tracking overnight losses in the
soybean oil market. Weakness in the Dalian market also hurt investor sentiment. Traders say prices are expected to recover with an improvement in demand from China. Benchmark palm oil futures for March delivery on the Bursa Malaysia Derivatives Exchange opens 12 ringgit lower at MYR3095 per ton Friday.
Dec 29 - Asian CPO Edges Lower as Traders Await Export Data (Dow Jones)
Asian crude palm oil futures price close lower Thursday amid thin trading as market watchers await export performance before making any fresh moves. Cargo surveyors Intertek Agri Services and SGS (Malaysia) will release palm oil export estimates for the month of December on Friday. "Investors seem to have lost a sense of direction," says David Ng, analyst at Philip Futures brokerage in Kuala Lumpur. He expects palm oil prices to trade between 3080 ringgit a ton and 3180 ringgit a ton in the next few days. Benchmark palm oil futures for March delivery on the Bursa Malaysia Derivatives Exchange last traded 21 ringgit lower at 3109 ringgit per ton Thursday.
Dec 29 - France Bans Pesticides in Public Green Spaces (AP)
French children will soon be able to frolic in the grass without risk of intoxication.
Pesticides will be banned in all public green spaces from Sunday while non-professional gardeners will no longer be able to buy pesticides over the counter.
The new measure is part of a larger green program adopted by French lawmakers that also includes a ban on plastic bags for vegetables.
The pesticide ban covers public forests, parks and gardens, but local authorities are still allowed to use pesticides in cemeteries.
The new law also stipulates that pesticides will be prohibited in private gardens from 2019.
Dec 29 - Asian CPO Ambles Lower but Market Lacks Direction (Dow Jones)
Asian crude palm oil price futures edge lower on Thursday due to lack of further cues to drive the market sentiment. Demand for palm oil has improved but continues to be weak. Investors are hoping an improvement in demand from China ahead of the Lunar New Year holidays. Benchmark palm oil futures for March delivery on the Bursa Malaysia Derivatives Exchange opens 9 ringgit lower at 3115 ringgit per ton Thursday.
Dec 28 - Asian CPO Ends Tad Higher on Better Palm Oil Demand (Dow Jones)
Asian crude palm oil futures end slightly higher Wednesday, helped by an improvement in demand that lifted the mood of the market. Malaysia's palm oil exports during the Dec. 1-25 period are estimated to have fallen 5.6% on month, cargo surveyor Intertek Agri Services showed earlier this week. It's an improvement from the data for Dec. 1-20, which showed a 14.4% decline, traders say. Investors are hoping a pickup in demand from China ahead of the Lunar New Year holidays. Benchmark palm oil futures for March delivery on the Bursa Malaysia Derivatives Exchange last traded 7 ringgit higher at MYR3135 per ton Wednesday.
Dec 28 - Asian CPO Opens Higher, Tracking Rival Oils (Dow Jones)
Asian crude palm oil futures prices open higher Wednesday, guided by overnight gains in soybean oil futures. Both palm oil and soy oil compete to gain a share in the world markets, so the prices typically follow each other. Investors will watch out for palm oil export estimates due later this week before making any further moves. Benchmark palm oil futures for March delivery on the Bursa Malaysia Derivatives Exchange opens 10 ringgit higher at MYR3124 per ton.
Dec 27 - Asian CPO Ends Higher Amid Budding Investor Optimism (Dow Jones)
Asian crude palm oil futures end lower on Tuesday on positive investor sentiment despite weak export performance. Weak demand for palm oil has been a cause of worry for investors. However, investors will look forward to the month-end export data due later this week. David Ng, an analyst at Philip Futures, expects prices to remain range-bound between 3050 ringgit a ton and 3200 ringgit a ton. Benchmark palm oil futures for March delivery on the Bursa Malaysia Derivatives Exchange last traded 68 ringgit higher at 3128 ringgit a ton on Tuesday.
Dec 27 - Lactalis veut retirer Parmalat de la Bourse (AFP-FranceAgricole)
Lactalis a annoncé mardi dans un communiqué qu’il allait lancer une offre publique d’achat (OPA) volontaire sur la société italienne Parmalat, dont il détient 87,74 %, afin de retirer l’action de la cote de la Bourse de Milan.
L’OPA s’effectuera au prix de 2,80 euros par action, ce qui représente un montant total supérieur à 636 millions d’euros en cas de succès. Le groupe français a pris le contrôle du groupe agroalimentaire italien en 2011 via une OPA hostile mais a connu régulièrement de fortes tensions avec certains actionnaires minoritaires.
L’un d’entre eux, le fonds Amber Capital, a ainsi déposé une plainte en 2012 auprès du procureur de Parme, suspectant de « sérieuses irrégularités » commises par des membres du conseil d’administration, soupçonnés d’avoir agi en privilégiant les intérêts de Lactalis au détriment de ceux du groupe italien.
En question : la mise en commun de la trésorerie (cash pooling) et le rachat par Parmalat en 2012 d’une filiale de Lactalis, LAG (Lactalis American Group), à un prix jugé trop élevé.
« Après plus de cinq ans aux commandes de la société, le groupe souhaite lui donner une nouvelle dynamique qui pourrait être plus facilement et plus efficacement atteinte sur le long terme sans faire appel au marché actions », explique le communiqué de Lactalis au sujet de l’OPA.
« Le prix offert de 2,80 euros pour chaque action, qui n’a jamais été atteint depuis 2011, inclut une prime supérieure à 11 % sur la moyenne des prix officiels du dernier mois et de près de 15 % sur la moyenne des trois derniers mois », souligne le groupe français.
Parmalat s’envole à la Bourse de Milan
À la suite de l’OPA de Lactalis, Parmalat (qui commercialise aussi les marques italiennes Galbani, Vallelata ou Santal) s’envolait à la Bourse de Milan, bondissant de 9,73 % à 2,82 euros vers 12h40.
Le numéro un mondial du lait, Lactalis avait racheté Parmalat en 2011 pour 3,4 milliards d’euros.
L’entreprise fondée par André Besnier en 1933 à Laval, toujours dirigée par ses descendants, affiche sur son site internet un chiffre d’affaires de 17 milliards d’euros en 2015 et 229 sites industriels dans 43 pays.
Elle emploie 15 000 personnes en France sur un total de 75 000 salariés dans le monde.
Dec 27 - Asian CPO Opens in Green Amid Light Trading (Dow Jones)
Asian crude palm oil future prices open slightly higher Tuesday as traders resume trading after the Christmas break. Palm oil prices have been under pressure due to sluggish demand and weakness in soy bean oil prices. Monthly estimates released by cargo surveyor Intertek Agri Services on Monday showed palm oil exports for the Dec. 1-25 period down 5.60%. Benchmark palm oil futures for March delivery on the Bursa Malaysia Derivatives Exchange opens 9 ringgit higher at 3064 ringgit a ton on Tuesday.
Dec 26 - Hausse des prix de 45 % au deuxième semestre (La France Agricole - Rabobank )
Il faudra attendre au moins six mois pour voir un redressement de la production à l’exportation, estime la Rabobank dans son dernier bulletin semestriel. La flambée des prix au niveau mondial devrait donc se poursuivre en 2017.
En 2016, « la collecte de lait des régions laitières exportatrices a chuté drastiquement, de 2,6 millions de tonnes au deuxième semestre », estime le rapport de la Rabobank. L’Europe et l’Océanie en sont l’origine principale. En parallèle, les demandes intérieures aux États-Unis et en Europe ont continué à se raffermir, réduisant les volumes à l’exportation de 4,5 millions de tonnes, détaille la Rabobank.
Faute de disponibilités, les prix des produits laitiers ont connu une hausse extraordinaire de 45 % au deuxième semestre de 2016. Et « la flambée des prix devrait se poursuivre », prévoit la Rabobank, davantage pour le beurre et le fromage que pour la poudre de lait qui souffre encore de surplus. Les stocks européens pèsent toujours sur les cours.
Europe : la Rabobank explique que malgré des prix du lait significativement supérieurs à 2016, la production des plus grands États laitiers européens devrait être en peine jusqu’au deuxième trimestre 2017. En supposant une augmentation continue des prix, la hausse de la collecte devrait être de 1,2 % au deuxième semestre. Cette année à la même période, la chute de production est estimée à 2,3 %.
En Nouvelle-Zélande, la collecte souffre de conditions climatiques périlleuses pour la campagne de 2016-2017, et recule de 6 % par rapport à la précédente. En Australie, la production nationale a diminué de 10 % depuis le début de la campagne.
Aux États-Unis, le dollar continuera à se renforcer, à la défaveur des exportateurs nationaux, limitant la hausse des prix sur le territoire.
Au Brésil, la production a encore faibli au dernier trimestre de 2016 mais bénéficie de signes de reprises pour 2017.
La Chine est de nouveau attendue sur le marché international en 2017, avec une hausse de 20 % de ses importations, selon la Rabobank.
Dec 23 - Asian CPO Ends Lower on Persistent Concerns of Weak Demand (Dow Jones)
Asian crude palm oil futures prices continue to be in the red, ending lower Friday amid continued signs of weakening demand. Losses in the Chicago soy bean oil market prompted further weakness in the Malaysian palm oil market, says David Ng, analyst at Philip Futures in Kuala Lumpur. He expects prices to trade between 3050 ringgit a ton and MYR3130 a ton. Benchmark palm oil futures for March delivery on the Bursa Malaysia Derivatives Exchange last traded 35 ringgit lower at MYR3041 a ton.
Dec 23 - U.S. wheat farmers fret over failing market hedges as incomes slump
Kansas wheat farmer Michael Jordan is breaking with a century-old tradition grain producers have trusted to protect their businesses: He has stopped using futures to hedge risks to his crops.The CME Group's Kansas City wheat contract sets grain prices for millers, exporters and other grain buyers both today and in the future. Traditionally, prices converge with the price of wheat sold in local cash markets. Click here to read full stories.
Dec 23 - Brazil kicks off early harvest of soybean crop
The soybean harvest, which kicked off this week in Brazil's leading production area, is expected to accelerate after Christmas, which may help drive the world's largest soybean exporter to supply the market well ahead of previous seasons, farming groups said.The harvest in Mato Grosso state normally starts in mid-January, but favorable weather prompted some farmers to plant soybeans earlier than usual. Click here to read full stories.
Dec 23 - EU 2016/17 soybean imports at 6.2 mln T, 175,000 T this week
European Union soybean imports in 2016/17 had reached 6.2 million tonnes by Dec. 20, down 5 percent from 6.5 million at the same stage last season, official data showed on Thursday.In the latest reporting week, the EU imported 175,000 tonnes of soybeans, on the basis of a revised week-earlier total of 6.0 million tonnes, the European Commission data showed. Click here to read full stories.
Dec 23 - European flax demand shifts to Canada over Dow herbicide
Demand for Canadian flax, used in linoleum flooring and health foods, has pushed prices of the oilseed to one-year highs as Europe shuns Russian supplies laced with a herbicide made by Dow Chemical Co.The European Union, the world's second-largest importer of flax after China, slashed acceptable levels for haloxyfop by 90 percent last June, shifting demand to Canada, where farmers do not use it. Click here to read full stories.
Dec 23 - Indonesia to appeal WTO ruling on food import barriers - minister
Indonesia will file an appeal after the World Trade Organization (WTO) ruled against its restrictions on food imports from the United States and New Zealand, the trade minister said on Friday.A WTO dispute panel ruled against Indonesia on Thursday in twin cases brought by the two countries against the Southeast Asian nation's import restrictions on food and animal products including beef and poultry. Click here to read full stories.
Dec 23 - Antibiotics sales for use in U.S. farm animals rose in 2015 - FDA
U.S. sales and distribution of antibiotics approved for use in food-producing animals increased 1 percent from 2014 to 2015, the U.S. Food and Drug Administration said in a report on Thursday.Scientists have warned that regular use of antibiotics to promote growth and prevent illness in healthy farm animals contributes to the rise of dangerous, antibiotic-resistant "superbug" infections, which kill at least 23,000 Americans each year and pose a significant threat to global health. Click here to read full stories.
Dec 23 - German wheat, rapeseed planting for 2017 crop little changed
German planting of winter wheat and rapeseed for the 2017 harvest is little changed from last season's area, the country's state statistics office said on Thursday.Winter wheat area planted in autumn 2016 for the summer 2017 harvest was 0.4 percent higher on the year at 3.15 million hectares, the office estimates. Click here to read full stories.
Dec 23 - Pakistani importers seeking to buy canola/rapeseed - trade
Pakistani importers are seeking to buy canola (rapeseed) for February/March 2017 shipment, European traders said on Thursday.Volumes sought were unclear, they said."Due to heavy canola sales made by several countries to China for shipment in February/March, supplies are tight and it could be that April/May shipment will have to be purchased by Pakistan instead," one European trader said. Click here to read full stories.
Dec 22 - Asian CPO Ends Down on Persistent Worries of Weak Demand (Dow Jones)
Asian crude palm-oil price futures fall Thursday, amid continued investor concerns of lackluster demand. Palm-oil export estimates released by cargo surveyors on Tuesday showed a drop in demand by up to 16% for the first 20 days of December, from a month earlier. The sluggish demand continues to weigh on the market, despite expectations of tighter supply, traders say. The Malaysia Palm Oil Board data, scheduled to come out early January, will be keenly watched before investors take new positions, they add. Benchmark palm oil futures for March delivery on the Bursa Malaysia Derivatives Exchange last traded 35 ringgit lower at MYR3079 a ton.
Dec 22 - G3 Global to proceed with grain terminal at Vancouver port
Canada's G3 Global Holdings LP will build a grain terminal at Port Metro Vancouver by 2020, increasing the flow of wheat and canola to Asia and Latin America, the company said on Wednesday.The Winnipeg-based partnership of Saudi Arabian agriculture company SALIC and U.S. grain handler Bunge Ltd had been considering the project, which will cost more than C$500 million ($373.64 million), since last year. Click here to read full stories.
Dec 22 - China's top corn producer to cut toll fees to ease congestion
China's top corn producing province Heilongjiang will cut highway toll fees for trucks carrying corn, following last week's move by neighboring Jilin province to relax trucking rules in an effort to ease logjams and high costs.Trucks transporting corn out of Heilongjiang, located in China's northeast corn belt, will be exempt from or get lower highway toll fees, according to China's National Grain and Oils Information Center, the country's grains council, citing an official document. Click here to read full stories.
Dec 22 - Argentina soybeans vulnerable amid so-so rain forecast -Braun
As the global soybean market continues to balance on knife’s edge amid strong demand and likely strong supply, all eyes are on South America’s growing season and Argentina in particular, where the weather has not exactly been perfect.Argentina is the world’s No. 3 producer of soybeans, but it is best known for its soy product exports. The country supplies roughly half of the world’s traded soybean oil and soybean meal. Click here to read full stories.
Dec 22 - China confirms third human bird flu infection this week
China has found two more cases of human bird flu infection, bringing the total this week to three, stoking fears about the spread of the deadly virus at a time when other Asian nations are battling to control outbreaks of the disease.The discoveries come as health officials in nearby South Korea and Japan have been scrambling to contain outbreaks of different strains of the virus, with the poultry industry there bracing for heavy financial losses. Click here to read full stories.
Dec 21 - Asian CPO Ends Higher on Tight Supplies, Weak Ringgit (Dow Jones)
Asian crude palm oil price futures rebound from losses to end higher Wednesday supported by tight supplies. Investors are expecting a further fall in output, which will keep the prices steady, traders say. Further, a weaker ringgit--which makes palm oil cheaper for holders of foreign currencies--also lent support to prices. Benchmark palm oil futures for March delivery on the Bursa Malaysia Derivatives Exchange last traded 18 ringgit higher at 3111 ringgit a ton.
Dec 21 - Argentina soy farmers, seed sellers see progress in royalty talks
Argentine soy farmers and the companies that sell them genetically modified seeds could be close to a breakthrough in negotiations after a months-long deadlock that prompted Monsanto to stop selling new GMO technology in the country.The negotiator representing seed companies in talks with farmers over a bill pending in Congress said on Tuesday that both sides are ready to move toward a deal that would extend the period of time that growers would have to pay royalties on genetically modified seeds. Click here to read full stories.
Dec 21 - China vows to boost grain output after policy meeting - state radio
China will continue to take steps to prevent another fall in grain output falling, part of efforts to ensure sufficient food supplies for the world's second-largest economy, state radio said on Tuesday following a key policy meeting on rural reform.The pledge was one of three key pillars of China's long-term farm policy, the radio report said.The others were to boost farmers' income and stabilise rural communities as the government aims to get more than 10 million people out of poverty in 2017. Click here to read full stories.
Dec 21 - More dry days expected in already parched Argentina soy areas
A dry spell in Argentina is posing a threat to soy production in southern parts of bread-basket province Buenos Aires, climate experts said on Tuesday, warning that the continued dryness expected in this area could interfere with planting.Argentina is striving to increase farm production under President Mauricio Macri, who has implemented a slew of market-friendly reforms since taking office a year ago. But the weather has not been cooperating with farmers in some key growing areas. Click here to read full stories.
Dec 21 - Chinese farmers bolster bird flu defences as Asia outbreaks, and jitters, spread
Chinese chickens are being fed more vitamins and vaccines as jittery farmers ramp up henhouse sterilisation in a bid to protect flocks against a virulent strain of airborne bird flu that has led to record culling in nearby South Korea.While Seoul has ordered the gassing of 20 million birds since the first case of the H5N6 virus was reported on Nov. 18, outbreaks in Japan and three confirmed cases in mainland China in the last two months have stoked fears of regional spread. Hong Kong on Tuesday confirmed its first human bird flu infection of the season. Click here to read full stories.
Dec 21 - Philippines eyes faster 2017 farm output, banking on China demand
Philippine farm output growth could speed up to 7 percent to 8 percent next year as the Southeast Asian nation looks to ship more agricultural products to markets like China, the agriculture minister said.China lifted a ban on Philippine exports of pineapples and bananas in October and pledged to import more fish and farm products from the Southeast Asian nation after President Rodrigo Duterte vowed to build a commercial alliance with Beijing. Click here to read full stories.
Dec 21 - Dairy prices fall as increased supply halts industry recovery
International milk prices fell for the first time in more than two months in an auction early on Wednesday as a recent recovery in the dairy industry unexpectedly reversed course.The Global Dairy Index fell 0.5 percent, with an average selling price of $3,656 per tonne. Click here to read full stories.
Dec 21 - Chile's environmental regulator to sanction salmon companies
Chile's environmental regulator said on Tuesday that it started a sanctioning process against the local units of two salmon companies, Australis Seafoods and AquaChile, for their handling of a deadly algal bloom.The SMA regulator said it was sanctioning the firms for committing "grave" infractions after it detected "noncompliance with their contingency plans for massive fish moralities" which occurred during algal blooms that spanned February to May. Click here to read full stories.
Dec 21 - Nouvelle chute de la collecte laitière (La France Agricole)
Les disponibilités fourragères, plombées par la sécheresse, et la mise en œuvre des premiers engagements de réduction de la collecte débouchent sur une chute de 7,7 % des livraisons de lait de vache en octobre.
Après avoir baissé de 6,7 % en septembre, la collecte de lait de vache a atteint 1 85 milliards de litres en octobre 2016. Les premiers sondages de FranceAgriMer montrent que cette tendance se poursuivrait. Ce recul touche tous les bassins laitiers : –6 % dans le Grand Ouest, –4,9 % en Normandie, –11,8 % dans le Grand Est et –9,2 % dans le Nord-Picardie. Sur les dix premiers mois de l’année, les livraisons françaises reculent de 1,6 % pour s’établir à 20,2 milliards de litres.
Léger mieux du côté du prix
« À 300 €/1 000 litres en octobre 2016, le prix du lait standard 38/32 g/l est inférieur de 15 €/1 000 litres par rapport à octobre 2015 », observe Agreste, le service de la statistique du ministère de l’Agriculture dans sa note d’Infos rapides publiée le 19 décembre 2016. L’écart était de 30 €/1 000 litres en septembre. « Pour le prix du lait à teneurs réelles (325 €/1 000 litres), le différentiel de prix sur un an est de 16 €/1 000 litres, après 38 €/1 000 litres en septembre », poursuit le ministère.
Cette chute de collecte depuis l’été se répercute sur les fabrications qui reculent elles aussi : de 0,4 % pour le lait conditionné, de 2,3 % pour les yaourts et desserts lactés, et de 3,9 % pour la crème conditionnée. Du côté des fromages, seules les pâtes filées tirent leur épingle du jeu (+1,5 %). Et pour les produits industriels, celles « de matières grasses reculent légèrement de 0,8 %, celles de poudres séchées de 2,2 %, celles de caséines et caséinates […] de 11,2 %, celles de poudre de babeurre de 7 % et celles de poudre de lactosérum de 5,9 %. »
Dec 20 - Asian CPO Ends Weaker on Sluggish Export Performance (Dow Jones)
Asian crude palm oil price futures continue their downward trend, ending in the red pulled thanks to lackluster export data. Malaysia's palm oil exports during December 1-20 are estimated down 14.39% sequentially at 629,043 metric tons, cargo surveyor Intertek Agri Services said Tuesday. Another surveyor, SGS (Malaysia), estimated the palm oil exports during the same period were down 16.9% on month at 606,937 metric tons. Overseas demand, particularly from India, has been sluggish due to cash crunch following New Delhi's removal of high-value bank notes from circulation. As a result, demand from India dropped 72% to 100,650 metric tons during December 1-20 versus the same period a month ago. The Bursa Malaysia three-month palm-oil futures contract last traded 43 ringgit lower at 3099 ringgit a ton Tuesday.
Dec 20 - Vale sells fertilizer unit to Mosaic, to become top shareholder
Vale SA's $2.5 billion sale of its fertilizer business to Mosaic Co, the latest step in the Brazilian iron ore miner's strategy to reduce debt, also makes it the U.S. company's biggest shareholder. Mosaic, which made the deal to improve its access to Brazil's vast agricultural markets, will pay $1.25 billion in cash and $1.25 billion in newly issued shares for the unit. Click here to read full stories.
Dec 20 - Warm autumn makes European crops fragile to cold snap - MARS
Warmer-than-usual weather conditions in many parts of Europe have left grain crops exposed to damage from a cold spell which could come as soon as this week in eastern Europe, the European Union's crop monitoring service MARS said on Monday.Indications pointed to weak frost tolerance in most of the EU, except for some parts of Finland, Sweden and the Baltic States, where the winter crops are in a partial or advanced hardening state, MARS said. Click here to read full stories.
Dec 20 - China to further cut corn planting to trim stocks - state media
China will further cut corn plantations next year in areas of low productivity to help trim swelling inventories, state radio cited the country's agricultural minister as saying on Monday.China, the world's No.2 producer of corn, is facing ballooning corn surplus and was expected to unleash more supply into a saturated global market in what could be the first bulk exports in a decade. Click here to read full stories.
Dec 20 - Funds' bullish soybean bets out of step with fundamentals -Braun
Speculators are more optimistic about the Chicago soy complex for this time of year than they have been since the commodity rally of 2007, but the soybean-driven position does not completely jibe with supply and demand fundamentals.In the week ending Dec. 13, hedge funds and other money managers held on to net long positions in futures and options for CBOT soybeans, soybean oil, and soybean meal, according to the Commodity Futures Trading Commission. Click here to read full stories.
Dec 20 - Egypt's GASC seeks wheat for Jan. 20-31 shipment
Egypt's General Authority for Supply Commodities (GASC) set a tender on Monday to buy an unspecified amount of wheat from global suppliers for shipment from Jan. 20-31.Ahmed Youssef, vice chairman of GASC, said the authority is seeking to buy cargoes of soft and/or milling wheat from the United States, Canada, Australia, France, Germany, Poland, Argentina, Russia, Kazakhstan, Ukraine, Romania, Bulgaria, Hungary and Paraguay. Click here to read full stories.
Dec 20 - Brazil winter corn crop seen at record 59.9 mln tonnes -analyst
Brazil's 2016/17 winter corn crop is estimated at a record 59.9 million tonnes, up from 40.7 million tonnes in the previous season, private consultant AgRural said on Monday.The country's total corn crop is projected at 88.3 million tonnes, an increase of 33 percent compared with 2015/16, when yields were hurt by below-average rain in important growing regions. Click here to read full stories.
Dec 20 - Philippines' 2017 farm output could grow faster than 2016 forecast - minister
The Philippines' agriculture sector could grow faster in 2017 than the 3.5 percent to 5.0 percent growth forecast for 2016 as the government expects improved production, particularly for rice, the country's farm minister said on Tuesday.Agriculture Secretary Emmanuel Piñol also said the Philippines, one of the world's biggest rice importers, remains on track to achieve self sufficiency in rice production by 2019. Click here to read full stories.
Dec 20 - Ducks culled in Bulgaria after bird flu found on three farms
More than 4,000 ducks were culled in Bulgaria over the past few days after bird flu was found on three farms, the Bulgarian food safety agency said on Monday.Some 3,150 of the ducks were from a farm in the southern village of Manole, another 900 ducks were from a farm in the northwestern town of Vratsa and several dozen of birds were from the village of Novo Selo on the river Danube. Click here to read full stories.
Dec 20 - Intervention : Bruxelles n’arrive pas à vendre sa poudre de lait (La France Agricole)
Seulement 40 des 22 000 t de poudre de lait écrémé mises en vente par la Commission européenne ont trouvé preneur. À 215,10 €/100 kg minimum, le marché n’était pas encore prêt à les accueillir.
« Afin de tester les réactions du marché », la Commission européenne annonçait le 25 novembre, la mise en vente de 22 150 t de poudre de lait écrémé. Ce sont environ 6 % des 355 000 t stockées depuis 2015. Les opérateurs intéressés avaient jusqu’au 13 décembre pour donner leurs offres aux autorités. Mais seulement 40 t de poudre ont trouvé preneur. La Commission est maintenant fixée : le marché n’était pas prêt à les absorber.
« Des signes encourageants »
Le cours européen de la poudre est aux alentours de 200 €/100 kg. La Commission européenne n’acceptait pas de commercialiser en dessous de 215,10 €/100 kg. Logiquement, la vente n’est pas couronnée de succès. Mais la Commission reste cependant positive : « la sortie de ces premiers volumes reflète des signes encourageants de reprise sur le marché laitier européen », commente-t-elle dans un communiqué du 16 décembre 2016.
Bruxelles se félicite également « de la hausse de près de 16 % du prix moyen du lait au producteur en quatre mois » et que « plus aucun volume de poudre de lait écrémé n’est placé en intervention publique depuis septembre 2016, bien que cette mesure soit toujours disponible ». Une deuxième session d’appels d’offres pour les quantités de poudre restante est ouverte et se clôturera le 3 janvier 2017.
Dec 19 - Asian CPO Ends Lower Ahead of Export Data (Dow Jones)
Asian crude palm-oil prices end lower Monday as investors stayed on the sidelines ahead of release of export data. Cargo surveyors Intertek Agri Services and SGS (Malaysia) will release palm-oil export estimates for the first 20 days of December on Tuesday. "Investors will watch out for the data before making any new moves," says David Ng, a Kuala Lumpur-based trader with Philip Futures brokerage. Prices have been supported by a fall in palm-oil output as shown by the Malaysian Palm Oil Board data. The Bursa Malaysia three-month palm-oil futures contract last traded 12 ringgit lower at 3149 ringgit a ton.
Dec 19 - CME seen needing second wind in EU wheat battle with Euronext
After a brisk start, falling volumes in CME Group's new EU wheat futures show the size of the task in challenging Euronext's established benchmark, making the next harvest key to gaining a foothold in Europe, traders said. The Chicago-based exchange impressed market players by attracting liquidity soon after launching a long-planned EU wheat contract in September, overcoming a first hurdle that has stymied other new agricultural derivatives. Click here to read full stories.
Dec 19 - Regulator gives go ahead for China's first agricultural options
China's securities regulator said on Friday it had approved the launch of options contracts for white sugar and soymeal, which will be the first agricultural derivatives products in the world's biggest commodity market. The China Securities Regulatory Commission (CSRC) said in a statement it had given the go ahead for the Dalian Commodity Exchange to list soymeal options and for the Zhengzhou Commodity Exchange to have white sugar options. Click here to read full stories.
Dec 19 - Cold spell seen threatening winter wheat in U.S. Plains, Midwest
Frigid temperatures are expected in the U.S. Plains and Midwest in the coming days, and roughly 20 percent of the Plains hard red winter wheat crop is vulnerable to damage, an agricultural meteorologist said on Friday. Also at risk is up to 10 percent of the soft red winter wheat in the Midwest, said David Streit, a meteorologist with the Commodity Weather Group. Click here to read full stories.
Dec 19 - Storms, rouble restrain Russia's December grain exports - SovEcon
Russia's December grain exports are expected to be lower than in the previous month due to stormy weather at ports in the Black and Azov seas and a strengthening rouble against the dollar, agriculture consultancy SovEcon said. Russia, a major wheat exporter, has failed to speed up grain exports so far this 2016/17 marketing year, which started on July 1, despite a record grain crop. Click here to read full stories.
Dec 19 - Speculators again up record bullish cotton stance -CFTC
Speculators upped their bullish position in cotton contracts to a record high for the fourth straight week in the week to Dec. 13, and boosted a bearish cocoa bet to a 4-1/2-year high, U.S. Commodity Futures Trading Commission data showed on Friday. The traders reduced their net long positions in arabica coffee and raw sugar futures and options, the data showed. Click here to read full stories.
Dec 19 - Some north China cotton mills halt output to fight smog
Cotton mills in two Chinese provinces have suspended output as part of measures to curb smog that has blanketed the north of the country in the past few days, triggering official pollution alerts, according to an industry website. Mills have stopped buying raw cotton and closed in Hebei province and parts of Shandong, both major growing regions for the fibre, according to a report by Cncotton.com, a government-backed trade website. Click here to read full stories.
Dec 19 - Midwest ethanol prices soar as inventories move to coast - traders
In a rare move, prompt cash ethanol prices in the Midwest hub of Argo, Illinois, this week soared above prices in other key U.S. regions like New York Harbor due to strong demand and short inventories, traders said on Friday. Prices for prompt delivery of ethanol in Argo jumped as high as $1.98 per gallon this week before paring gains to finish on Friday around $1.84, according to traders and brokers. Those are the highest levels in two years. Click here to read full stories.
Dec 19 - France reports another bird flu strain in southwest
France has detected H5N9 avian influenza among poultry in the southwest of the country, an official report showed on Friday, the third strain of bird flu to be confirmed this month in the region known for its foie gras production. Bird flu has spread across Europe in recent weeks, prompting preventative slaughtering of poultry or confinement of flocks indoors. In Asia, meanwhile, the rapid spread of a different strain of the disease has led South Korea to order the culling of millions of birds. Click here to read full stories.
Dec 19 - Singapore's Plantation Stocks Up on Higher Crude Palm Oil Prices (Dow Jones)
Singapore-listed plantation stocks are trading higher as crude palm oil prices continue to be supported by a decline in production. Golden Agri Resources (E5H.SG), is one of the heavily traded stocks on the Singapore Exchange, and is trading up 2.4% at S$0.435. First Resources (EB5.SG) is up 0.5% at S$1.96 while Bumitama Agri (P8Z.SG) is 1.3% higher at S$0.81. Plantation stocks generally trade higher in tandem with crude palm oil prices. Analysts are hopeful of a good palm oil prices run through the first quarter of next year.
Dec 16 - U.S. challenges China's grain import quotas at WTO
The United States on Thursday launched a challenge to China's use of tariff-rate quotas (TRQs) for rice, wheat and corn at the World Trade Organization, charging that Beijing's administration of the program breached its WTO commitments and hurt U.S. farm exports. The USTR said global prices for the three commodities were lower than China's domestic prices, yet the country did not maximize its use of TRQs, which offer lower duties on a certain volume of imported grains every year. The USTR said that limited market access for shipments from the United States, the world's largest grain exporter, and other countries. Click here to read full stories.
Dec 16 - U.S. soybeans may be headed for 90 mln acres in 2017 - Braun
It is almost certain that U.S. farmers will plant more soybeans in 2017 than ever before, but profitability indicators in the futures market give good reason to believe that this acreage could push much higher than what we have been prepared for. In its annual long-term projections published late last month, the U.S. Department of Agriculture placed next spring’s soybean planted area at 85.5 million acres – 1.8 million more acres than 2016. Click here to read full stories.
Dec 16 - Yemen traders halt new wheat imports as famine approaches
Yemen's biggest traders have stopped new wheat imports due to a crisis at the central bank, documents seen by Reuters show, another blow to the war-torn country where millions are suffering acute malnutrition. Nearly two years of war between a Saudi-led Arab coalition and the Iran-allied Houthi movement has left more than half of Yemen's 28 million people "food insecure", with 7 million of them enduring hunger, according to the United Nations. Click here to read full stories.
Dec 16 - Chinese firm begins testing GMO corn seeds in U.S. greenhouse
A Chinese biotech seed firm has planted genetically modified corn seeds in the United States at a greenhouse designated by the U.S. Department of Agriculture, the company said, an early step toward launching China's first GMO corn products in the United States. Beijing-based Origin Agritech Ltd said on Wednesday that U.S. field tests of its seeds, with insect resistance and herbicide tolerance technologies developed in China, are scheduled to begin next summer. Click here to read full stories.
Dec 16 - Archer Daniels Midland fined $25,000 for corn trading violations
Archer Daniels Midland Co, one of the world's biggest agricultural trading houses, has agreed to pay $25,000 to settle charges it broke rules in the U.S. corn futures market, exchange operator CME Group Inc said on Thursday. The violations appeared to document rare instances in which ADM, one of the biggest U.S. grain exporters, has been penalized by the CME, which owns the Chicago Board of Trade and other markets. An online search of disciplinary records showed no other offenses. Click here to read full stories.
Dec 16 - Informa raises U.S. 2017 soy plantings forecast -trade
Private analytics firm Informa Economics raised its projection of U.S. 2017 soybean plantings to 88.862 million acres and trimmed its corn plantings forecast to 90.151 million acres, two trade sources said on Thursday. The sources, who requested anonymity, said Informa also lowered its estimate of U.S. winter wheat plantings for 2017 to 33.213 million acres, from 33.761 million last month. Click here to read full stories.
Dec 16 - China cotton imports fall 35 pct y/y in Nov -industry association
China, the world's top textile exporter, imported 54,900 tonnes of cotton in November, down 35 percent year-on-year, the China Cotton Association said on its website on Friday. China has imported 750,900 tonnes of cotton in the first 11 months of the year, down 42 percent from last year, the data showed. Click here to read full stories.
Dec 16 - The milk gambit: Australian udder to Chinese glass in three days - Russell
How much would you pay to ensure your milk was fresh and safe? A Chinese businessman is betting the answer is that his countrymen will fork out up to 15 times what Australians pay for a litre of the dairy product. Lu Xianfeng paid A$280 million ($209 million) earlier this year to buy Van Dieman's Land Co (VDL), Australia's largest dairy, located on the windswept northwest coast of the southern island state of Tasmania. Click here to read full stories.
Dec 16 - Chemical companies pitch bug-killing options amid neonic farm bans
Companies that make bug-killing chemicals and natural remedies are racing to take advantage of restrictions on neonics, a type of insecticide popular with farmers but blamed for harming bees and mayflies. Global sales of neonicotinoids, or neonics, were $3.01 billion last year, accounting for almost 18 percent of the global insecticides market, according to consultancy Phillips McDougall. Insecticide sales fell sharply year-over-year, partly because of a 2013 European Union ban on some neonics. Click here to read full stories.
Dec 16 - Bunge bulks up in Turkey, buying olive oil and seed firm Ana Gida
U.S. agricultural products trader Bunge moved to increase its presence in Turkey with the acquisition of olive oil and seed oil producer Ana Gida Ihtiyac Maddeleri ve Sanayi Ticaret. Ana Gida is the owner of Komili, the market leading olive oil brand in Turkey with retail market share of more than 30 percent, Bunge said in a statement on Thursday. Click here to read full stories.
Dec 16 - South Korea orders record cull of poultry to contain bird flu
South Korea has ordered its biggest-ever cull of chickens and other poultry to fight a bird flu outbreak that is spreading at an unprecedented rate, the Agriculture Ministry said on Friday. The ministry ordered the cull of 4 million more birds, which would bring the total number killed since mid-November to 16 million, almost one-fifth of its poultry population. Click here to read full stories.
Dec 16 - Asian CPO Ends Lower, Hurt by Sluggish Exports (Dow Jones)
Asian crude palm-oil price futures end Friday's trading session slightly lower, weighed down by weak export performance that hurt investor sentiment. Malaysia's palm-oil exports during December 1-15 are estimated down 7.59% on month at 481,349 metric tons, cargo surveyor Intertek Agri Services said Thursday. Another surveyor SGS (Malaysia) estimated palm-oil exports were down 9.6% on month at 464,582 metric tons during the same period. Despite weak exports, "market fundamental remain strong owing to weaker production," says David Ng, an analyst at Philip Futures in Kuala Lumpur. The Bursa Malaysia three-month palm-oil futures contract last traded 3 ringgit lower at 3158 ringgit a ton. Earlier in the day, it reached the highest level since May 2012.
Dec 16 - Asian CPO Hits 4.5-Yr High on Ringgit, Production Outlook (Dow Jones)
Asian palm oil prices continue to rise and are now at their highest level since May 2012.
Prices remain supported by weakness in the Malaysian ringgit against the U.S. dollar and concerns that production has not improved as quickly as expected in Malaysia, and that stocks remain well below average levels. The Bursa Malaysia palm oil contract is trading up 32 ringgit at 3217 ringgit a ton.
Dec 15 - Asian CPO Ends Higher on Hopes of Weak Production (Dow Jones)
Asian crude palm-oil prices end higher Thursday, on expectations of a drop in production that might help trim stockpiles. Besides, a fall in the Malaysian ringgit against the U.S. dollar continues to support prices as a weaker ringgit makes the contract nominally cheaper when compared with the physical trade, which is done in U.S. dollars. A dismal export performance, as revealed by cargo surveyor Intertek Agri Services, likely influenced the investor mood, traders say. The Bursa Malaysia 3-month palm-oil futures contract -- the global benchmark for the commodity -- last traded 62 ringgit higher at MYR3187 a ton. It gained 2.2% to reach a 4.5-year high of MYR3193 a metric ton earlier in the day.
Dec 15 - Russia says grain export capacity up ninefold in last 14 years
Russia, expected to become the world's top wheat exporter this season, has ramped up its grain export capacity to 45 million tonnes and will now focus on infrastructure in remote areas, Agriculture Minister Alexander Tkachev said on Wednesday. Russia has supported the development of its port capacity as the government aims to drive production to 150 million tonnes by 2030, up from a record crop of 117 million tonnes in 2016. Click here to read full stories.
Dec 15 - Why are soybean futures above $10? - Braun
As 2016 comes to a close, many fundamental aspects of the soybean market are very similar to one year ago – large crops, large carryout, and robust demand. But the market is behaving as if this year is vastly different. Today, funds hold a net long soybean position of 122,000 contracts against 11,000 short one year ago, and January soybean futures are up 18 percent over the same time frame. Click here to read full stories.
Dec 15 - FranceAgriMer cuts maize crop estimate again, raises stocks
French farm office FranceAgriMer cut its estimate of 2016/17 grain maize production to a new 26-year low but raised its outlook for end-of-season stocks as increased imports and reduced demand offset the impact of the weather-hit harvest. This autumn's maize harvest in France saw poor yields after summer drought damage, capping a bad year for farmers in the European Union's biggest grain producer after earlier wheat and barley harvests were also hit by adverse weather. Click here to read full stories.
Dec 15 - Trade group adds Mississippi site to monthly soy crush report
The National Oilseed Processors Association (NOPA) has added a new member, Express Grain Terminals LLC, which operates a soybean crushing plant in Greenwood, Mississippi, the trade group said on Wednesday. The plant is a former cottonseed facility that began processing soybeans in October. Express Grain became a regular member of NOPA in November. Click here to read full stories.
Dec 15 - USDA faces backlash over rules it says will help poultry growers
The U.S. Department of Agriculture proposed rules on Wednesday it said will help protect chicken producers from mistreatment by the small group of meat companies that control most of the country's production. With less than six weeks left to the Obama administration, the agency clarified that individual farmers who feel they have been treated unfairly do not need to show the entire poultry industry was harmed to prove wrongdoing by a processor. Click here to read full stories.
Dec 15 - Bursa Malaysia Benchmark CPO Hits Highest Level Since May 2012
Bursa Malaysia Benchmark CPO Touches MYR3193/Ton this morning.
Dec 14 - China's cornbelt province relaxes truck rules to ease grain backlog
China's northeast Jilin province, the nation's second-largest corn producer, will relax new nationwide restrictions on trucking grains to ease logjams and high costs as the new crop hits the market, the regional government said this week. The move is among the first official steps to loosen regulations introduced in September that imposed stronger penalties and ramped up inspections to prevent trucks being overloaded with goods. Click here to read full stories.
Dec 14 - Monsanto shareholders back Bayer deal, CEO hopeful of U.S. approval
Shareholders of U.S. seeds and agrochemicals company Monsanto Co approved the company's $66 billion acquisition by Bayer AG on Tuesday, a deal that still requires regulatory approval to close as expected in late 2017. Increased research and development spending by the combined companies and plans to develop a global seeds and biotechnology hub in St. Louis fuel hopes regulators will not block the deal, which was agreed upon in September, Monsanto CEO Hugh Grant said. Click here to read full stories.
Dec 14 - U.S. soybean surge driven by China, corn glut
Corn has long reigned as king of the crops in the United States, but soybeans will close the gap in 2017 to one of the narrowest on record as Chinese demand and low grain prices prompt farmers to plant more acres of the oilseed. Farmers, facing their lowest income in seven years, are rushing to buy soybeans to plant next year as demand from China has supported prices. Corn, meanwhile, languishes around $3.50 per bushel - its lowest level in December since 2008. Click here to read full stories.
Dec 14 - Indonesia palm oil output seen growing 10 pct in 2017
Palm oil output in world No.1 producer Indonesia is expected to grow by around 10 percent in 2017 as planters devote more land to the crop, although the aftermath of last year's El Nino weather pattern is likely to drag on yields. That increase could pressure global prices for palm that have risen about 25 percent this year on worries over tight supply of the oil, used in everything from chocolate to cosmetics and biofuels. Click here to read full stories.
Dec 14 - Philippines approves rice trader imports of 641,080 T, below quota
The Philippines' state grains agency has approved permits for local rice traders to import 641,080 tonnes of the staple grain from Thailand, Vietnam, Pakistan and India, it said in a notice posted on its website on Wednesday. The approved imports, which must be brought in by Feb. 28, 2017, account for 80 percent of the maximum volume of 805,200 tonnes that private traders are allowed to bring in under an annual country-specific quota scheme. Click here to read full stories.
Dec 14 - India's soymeal exports to hit 3-yr high as soybean output jumps
India's soymeal exports in 2016/17 are likely to jump to three-year highs as a sharp price correction due to a rebound in soybean production makes overseas sales competitive, said industry officials. Higher exports from India could trim shipments of South American soymeal into Asia, and also shore up local soybean prices, which fell below a government-fixed support level in physical markets recently. Click here to read full stories.
Dec 14 - InVivo urges better supply chain to revive French wheat exports
InVivo wants to make French wheat exports more efficient by promoting data-sharing between grain handlers, helping France recover from a dire 2016 harvest and compete with growing exports from countries like Russia, the group said on Tuesday. France's worst wheat harvest in three decades, linked to poor spring weather, has sidelined the country from some of its usual export markets and led InVivo to step up the sourcing of foreign grain. Click here to read full stories.
Dec 14 - POLL-NOPA November soybean crush seen at 162.568 mln bushels
U.S. soybean processors likely boosted their November crushing pace by 4.1 percent from a year earlier, with a record harvest providing ample fuel for the plants, traders and analysts said. The National Oilseed Processors Association (NOPA), the largest U.S. trade group for the industry, is expected to report that its members crushed 162.568 million bushels of soybeans in November, based on the average of estimates given by six analysts. Click here to read full stories.
Dec 14 - Brazil poultry, pork exports grow on China demand
Brazil increased its poultry and pork exports this year and is expected to report higher volumes again in 2017, the meat processors' association ABPA said on Tuesday. Brazil is expected to close out 2016 with a record 4.39 million tonnes of poultry exports versus 4.3 million tonnes last year, as higher Chinese demand boosted volumes. Pork shipments should reach 720,000 tonnes this year, compared with 555,000 tonnes in 2015, ABPA said. Click here to read full stories.
Dec 14 - Dutch destroy 63,000 hens in response to bird flu outbreak
Dutch authorities ordered the destruction of 63,000 broiler hens on Tuesday after bird flu was identified at a poultry farm in the northern province of Friesland, the country's fourth outbreak so far this winter. Bird flu has spread across Europe in recent weeks, forcing some farmers to slaughter flocks or keep them indoors, with the threat taken particularly seriously in the Netherlands, where high farm density can help the virus to propagate. Click here to read full stories.
Dec 14 - Asian CPO Gains as Output Declines Boost Price Expectations (Dow Jones)
Asian crude palm-oil price futures end higher as a fall in output lifts investor sentiment. Crude palm-oil output fell 6.1% to 1.57 million tons in November, the Malaysian Palm Oil Board said in its monthly report Wednesday. CPO output stood at 1.68 million tons in October. However, lower exports reflecting wea k demand might exert a downward pressure on prices, traders say. Malaysia's palm-oil exports during the December 1-10 are estimated down 12.0% on month at 305,990 metric tons, according to cargo surveyor SGS (Malaysia). David Ng, analyst at Philip Futures predicts prices to trade between MYR3020/ton and MYR3180/ton. Benchmark palm-oil futures for February on the Bursa Malaysia Derivatives Exchange last traded 31 ringgit higher at 3,129 ringgit a ton Wednesday.
Dec 14 - Malaysia's Nov Palm Oil Exports 1.37M Tons; Down 4.2% (MPOB)
Malaysia's palm oil exports fell 4.2% on month to 1.37 million metric tons in November, the Malaysian Palm Oil Board said Wednesday.
The country exported 1.43 million tons of palm oil in October.
In its monthly report, the MPOB said crude palm oil output fell 6.1% to 1.57 million tons in November. CPO output totaled 1.68 million tons in October.
Palm oil stocks totaled 1.66 million tons at the end of November, up 5.2% on month.
At the end of October, palm oil stocks were at 1.57 million tons.
The following are details of the November crop data and revised numbers for October, issued by MPOB:
November October Change
Crude Palm Oil Output 1,574,935 1,677,873 Dn 6.1%
Palm Oil Exports 1,370,385 1,431,129 Dn 4.2%
Palm Kernel Oil Exports 73,981 93,257 Dn 20.7%
Palm Oil Imports 63,491 26,857 Up 136%
Closing Stocks 1,655,884 1,574,288 Up 5.2%
Crude Palm Oil 897,872 842,620 Up 6.6%
Processed Palm Oil 758,012 731,668 Up 3.6%
(All figures are in metric tons)
Dec 13 - Asian CPO Ends Up, Tracking Rival Oils (Dow Jones)
Asian crude palm-oil prices end higher on Tuesday, following gains in the soybean oil market. Gains in competing oils such soybean oil and related products influence prices of palm oil. The two compete to grab a share in the global vegetable oils market, so prices often move together. Markets watchers are hoping demand for palm-oil will improve as cargo surveyors Intertek Agri Services and SGS get ready to release data later this week. The Bursa Malaysia benchmark three-month contract last traded 26 ringgit higher at MYR3095 a ton.
Dec 13 - Stine Seed gives U.S. soy farmers a rare chance to replant GMO seeds
Major producers of genetically modified seeds, including Monsanto Co and Bayer AG, have long barred U.S. farmers from saving seeds after harvest to replant - a condition that allows the companies to charge every year for the technology. Now, a smaller challenger, Stine Seed, wants to disrupt that practice. Next year, family-owned Stine says it will give about 200 farmers in a pilot program the chance to replant genetically modified soybean seeds. The program is expanding after launching this year with about 50 farmers. Click here to read full stories.
Dec 13 - Stormy weather in ports presses on Russian wheat prices
Russian wheat prices fell last week due to stormy weather in the country's ports and as global benchmarks dropped on forecasts of hefty world inventories and bumper crops, analysts said on Monday. Black Sea prices for Russian wheat with 12.5 percent protein content for December supply were at $182 a tonne on a free-on-board (FOB) basis at the end of last week, down $2 from a week earlier, Russian agricultural consultancy IKAR said. Click here to read full stories.
Dec 13 - Australia cuts beef export forecast as farmers rebuild herds after El Nino
Australia on Tuesday trimmed its forecast for beef exports during the 2016/17 season by more than 3 percent as farmers rebuild herds after the strongest El Nino in nearly 20 years. Shipments from Australia, the world's No. 4 exporter, during 2016/17 is forecast at 990,000 tonnes, the Australian Bureau of Agriculture, Resource Economics and Rural Sciences (ABARES) said, down from its September forecast of 1.025 million tonnes. Click here to read full stories.
Dec 13 - CME live cattle futures climb ahead of arctic blast
Chicago Mercantile Exchange live cattle futures closed higher on Monday, partly in anticipation of bone-chilling temperatures in the U.S. Plains and Midwest by week's end, said traders. Extreme cold typically slows down weight gain in cattle, making them less available to packers. Also grocers tend to stock up on meat in advance to avoid potential supply shortages. Click here to read full stories.
Dec 13 - France finds mild bird flu strain in southwest
France has found a case of mild H5N1 bird flu in the southwest of the country, an official report showed on Monday, the same region that has been hit this month by a more virulent strain of the disease. Bird flu has spread across Europe in recent weeks, forcing some farmers to slaughter flocks or keep them indoors, and its return to France is a setback for poultry producers recovering from an epidemic a year ago. Click here to read full stories.
Dec 13 - New CEO at Australia's Murray Goulburn seeks to regain farmer trust
The new chief executive of Australia's largest dairy processor Murray Goulburn said on Monday his first priority will be to restore the trust of the cooperative's farmers angered by a late cut to milk prices. Murray Goulburn on Monday named brewing executive Ari Mervis as its CEO, replacing Greg Helou who stepped down in April amid a surprise profit downgrade just nine months after a sharemarket listing that added non-voting shares to voting shares held by farmer owners. Click here to read full stories.
Dec 12 - today is a National Holiday in Malyasia , Prophet Muhammad's Birthday. No report expected.
Dec 12 - U.S. corn, soy, wheat stocks outlooks steady with Nov view- USDA
The U.S. Agriculture Department left its domestic supply estimates for corn, soybeans and wheat unchanged on Friday, holding usage forecasts for all three commodities steady with its November outlook. On the global front, the government raised its ending stocks outlook for corn, soybeans and wheat due to increased production outlooks in countries such as Brazil and Australia. Click here to read full stories.
Dec 12 - Speculators again raise record bullish cotton stance
Speculators raised their bullish position in cotton contracts to a record high for the third straight week, in the week to Dec. 6, and increased a bullish bet in raw sugar, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. The traders cut their net long position in arabica coffee and added to their net short position in cocoa futures and options, the data showed. Click here to read full stories.
Dec 12 - Polar vortex not only culprit for frigid U.S. December -Braun
The arrival of colder temperatures this week across much of America is just the beginning of what will likely be an unusually frigid December. With help from the Arctic, the polar vortex, and even Siberia, December is set to deliver round after round of bitter cold to the majority of the United States – save the Southwest – and this could lend support to commodity markets. Click here to read full stories.
Dec 12 - S.Korea temporarily bans movement of poultry to fight bird flu
South Korea's agriculture ministry said on Monday it will issue a temporary nationwide ban on the transportation of poultry to contain the spread of bird flu, with 43 outbreaks recorded in Asia's fourth-largest economy. The Ministry of Agriculture, Food and Rural Affairs said in a statement that the movement control order will be effective for 48 hours, from 1500 GMT on Monday or midnight in Seoul. Click here to read full stories.
Dec 12 - Crude Palm Oil Prices May Contract Late-Next Year: OCBC
OCBC is neutral on Singapore-listed plantations stocks as it expects crude palm oil prices to correct in next one year. The broker attributes this to adequate supply and uncertainty over demand for the commodity. So far this year palm oil prices have recorded strong gains on declining production and tightening inventories. "The consensus view expects crude palm oil production to rebound next year and, at this juncture, weather conditions are forecasted to be supportive for harvesting," it says. OCBC forecasts that crude palm oil price may correct to MYR2,650 a ton in the fourth quarter of 2017 after hovering at MYR2,700-MYR2,900 a ton in the early part of next year. It keeps hold call on Golden Agri and Wilmar International with a fair value of S$0.37 and S$3.18, respectively. The stocks are up 2.4% and 0.8% at S$0.435 and S$3.64, respectively while the benchmark index is down 0.4%.
Dec 09 - Asian Crude Palmoil Ends Lower on Thin Volumes (Dow Jones)
Asian crude palm-oil prices end down Friday, amid thin trading as investors await Malaysian export data. Cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd. will release export estimates for the first 10 days of December that will determine overseas demand for palm-oil, traders day. Benchmark palm-oil futures for February on the Bursa Malaysia Derivatives Exchange last traded 46 ringgit lower at MYR3067 a ton.
Dec 09 - Europe, U.S. trade officials lobby China on food safety rule
European and U.S. government and trade officials say they have been lobbying hard against a draft Chinese regulation on food imports, worried it would hamper billions of dollars of shipments to the world's No.2 economy of everything from pasta to coffee and biscuits. The rule, part of a drive by China to boost oversight of its sprawling food supply chain, requires all food imports to carry health certificates from October next year, even if the product is deemed low-risk. Click here to read full stories.
Dec 09 - India scraps wheat import duty, purchases may hit decade high
India on Thursday scrapped its 10 percent import duty on wheat after droughts in the past two years depleted stocks and raised prices, a move that traders said could lift overseas purchases to their highest in a decade. The removal of the import duty comes after local wheat price hit a record high last month, and should help private traders such as Cargill, Louis Dreyfus and Glencore increase purchases. Click here to read full stories.
Dec 09 - Brazil's export lull sets stage for record soybean shipments - Braun
If there is a silver lining to Brazil’s recent shortcomings in grain exports, the country is now more prepared than ever to pump out big volumes in 2017, perhaps to the dismay of its competitors. Brazil is the No. 1 and 2 shipper of soybeans and corn, respectively, but earlier this year, the drought-stricken country found itself with much less exportable supply than expected at the wrap-up of harvest. Click here to read full stories.
Dec 09 - Australia's largest wheat exporter CBH rules out A$3 bln IPO
Australian bulk grain handler Cooperative Bulk Handling Ltd (CBH), the country's largest agribusiness, ruled out a share market listing on Friday, ending the prospect of what would have been the country's largest IPO in more than two years. CBH in March rejected an offer from a consortium backed by GrainCorp Ltd that would have seen the cooperative bought and then listed in a deal estimated by analysts to be worth up to A$3 billion ($2.2 billion). Click here to read full stories.
Dec 09 - Russia says 18,000 T of seized wheat passed Egypt's quarantine
Russia's agriculture safety watchdog said on Thursday 18,000 tonnes of Russian wheat, seized by Egypt at an Alexandria port in November, had passed quarantine checks successfully. Egyptian prosecutors seized the wheat from a storage site belonging to a private company in Dekheila port after finding it unsuitable for human consumption. Click here to read full stories.
Dec 09 - DuPont CEO Breen says Trump win unlikely to impact Dow deal
Dupont Chief Executive Ed Breen said on Thursday the incoming administration of U.S. President-elect Donald Trump is not likely to have an impact on his company's planned merger with rival Dow Chemical. While Trump was critical of other large mergers during the campaign, Breen said many U.S. Justice Department officials reviewing the merger are career employees. Click here to read full stories.
Dec 09 - Pakistan resumes cotton imports from India-govt official
Pakistan has resumed cotton imports from its top supplier India after suspending them for few days, government and industry officials told Reuters on Thursday. The resumption in the cotton trade will help India in exporting surplus, while Pakistan will benefit from cheaper supplies from the neighbouring country. Click here to read full stories.
Dec 09 - World food prices edge down 0.4 pct in November - UN FAO
World food prices edged lower in November, interrupting an almost continuous trend higher this year, the United Nations food agency said on Thursday. Except for a downward tick in July, the Food and Agriculture Organization's (FAO) food price index had been rising steadily this year after hitting a seven-year low in January. Click here to read full stories.
Dec 09 - Australia approves sale of giant Kidman pastoral holdings
Australia on Friday approved the A$386.5 million ($288 million) sale of the country's largest private land holder S. Kidman & Co to a consortium led by the country's richest woman Gina Rinehart, after blocking two previous bids. Rinehart and her minority partner, Chinese developer Shanghai CRED, will now complete the purchase of S. Kidman, which runs cattle and pastoral activities on tracts of land the size of South Korea. Click here to read full stories.
Dec 08 - Asian Crude Palmoil Dips on Demand Concerns (Dow Jones)
Asian crude palm-oil prices extend losses to end lower on Thursday on worries of weak demand. "Investor sentiment fell amid signs of sluggish palm-oil demand" ahead of a crop report due to be released later this week, says David Ng, an analyst at Philip Futures in Kuala Lumpur. He expects prices to trade between 3080 ringgit a ton and 3180 ringgit a ton in the next couple of days. Benchmark palm-oil futures for February on the Bursa Malaysia Derivatives Exchange last traded 28 ringgit lower at 3,114 ringgit a ton.
Dec 08 - Flagship Ukraine privatisation flops as plant attracts no bids
A second attempt to auction Ukraine's state-owned Odessa Portside Plant failed to attract any bids, the State Property Fund said on Wednesday - a major setback for the country's Western-backed push for privatisation and reform.The Black Sea fertiliser plant was meant to be the first big privatisation since a 2014 uprising brought in a pro-Western leadership and to prove the government can modernise the economy and tackle entrenched graft. Click here to read full stories.
Dec 08 - French soft wheat exports outside EU fall to 293,000 T in October
French monthly soft wheat exports outside the European Union fell to 293,000 tonnes in October, customs data showed on Wednesday, confirming a slump in activity after a poor harvest this year. The latest monthly volume was below the 348,000 tonnes seen in September and also marked the smallest October exports since 2007.The October exports took the volume since the start of the 2016/17 season on July 1 to 1.8 million tonnes, down 32 percent compared with the same period last season, the data showed. Click here to read full stories.
Dec 08 - Brazil soy forward sales speed up as currency weakens-report
Brazilian soybean producers sped up forward sales in November, taking advantage of a more favorable exchange rate, but deals are still lagging the volume seen in the same period a year ago, independent consultancy Agencia Rural said on Wednesday.Farmers have sold 34 percent of the 2016-17 soybean crop, which will start to be harvested around January, compared to 44 percent sold at this time last year and an average 40 percent sold in the past five years, said AgRural. Click here to read full stories.
Dec 08 - Russia's Acron says no plans to sell Azoty stake, Canadian assets
Russian fertiliser maker Acron is not planning to sell its potash assets in Canada or a stake in Poland's biggest chemicals group, state-run Azoty, the company's chairman told Reuters.Sources told Reuters in September that Acron was in talks with Poland's treasury ministry about selling its stake in Azoty. Click here to read full stories.
Dec 08 - China's 2016 grain output dips as corn production falls
Grain output in China, the world's top grower of wheat and rice, slipped 0.8 percent to 616.2 million tonnes in 2016, after farmers planted less corn following a change in farm policy, official data showed on Thursday.Corn output fell to 219.6 million tonnes from 224.6 million a year ago, in line with forecasts, data from the National Bureau of Statistics showed. Click here to read full stories.
Dec 08 - Tighter supply may stretch rally in palm kernel oil - traders
The price of palm kernel oil, trading at near six-year highs, will remain elevated until early 2017 amid tight supply before slipping as palm production recovers, traders and manufacturers said.Costlier palm kernel oil is squeezing margins among oleochemical manufacturers which buy the raw material to make products later used to produce items such as detergent, soap and cosmetics. Click here to read full stories.
Dec 08 - India extends existing subsidy rates for some fertilisers for 2016-17
India has decided to roll over the existing subsidy rates for phosphatic and potassic fertilisers for another six months till the end of the 2016-2017 financial year in March, the government said in a statement late on Wednesday.The government also approved a proposal for half-yearly reviews of nutrient-based subsidy rates for these fertilisers to ensure that a fall in international prices is passed on by fertiliser companies in India through lower retail prices.
Dec 08 - Prix du Lait : pour les industriels, « il n’y a pas eu de crise » (France Agricole)
Avec cette phrase, Olivier Picot, le directeur de la Fédération nationale des industriels laitiers (Fnil), a de quoi faire grincer les dents des éleveurs.
« Il n’y a pas eu de crise », a lâché, sans prendre de pincettes, Olivier Picot, le directeur de la Fédération nationale de l’industrie laitière privée (Fnil), lors d’une conférence de presse, le 7 décembre. Il rejette le terme de « crise » au sens strict, et lui préfère celui, moins accessible, de « momentum liés à la volatilité ». De façon simplifiée, il semble vouloir dire qu’une crise qui n’est pas exceptionnelle n’est pas une crise, mais un « bas de cycle ».
Bilan de « bas de cycle »
« Nous n’avions jamais connu un bas de cycle aussi long », observe tout de même Gérard Calbrix, économiste de l’Association de la transformation laitière (Atla) : chute des cours du beurre à 2 400 €/t, à 1 800 €/t pour le gouda et à 1 650 €/t pour la poudre de lait écrémé. Mais le retournement des marchés est enfin arrivé. « Depuis juin, la collecte diminue et le recul s’accélère de mois en mois. Cela devrait encore être vrai en décembre, prévoit Gérard Calbrix. Le prix des commodités augmente considérablement, tiré par la demande soutenue en matière grasse. »
Le flou sur les prévisions
À la question « quand est-ce que les prix repartiront à la hausse pour les producteurs ? », Gérard Calbrix ne donne pas de réponse précise. « L’évolution du marché se fera en fonction de celle de la collecte. Dans le nord de l’Allemagne, les industriels disent que la production va repartir à la hausse. Ici en France, j’ai le sentiment que la collecte ne va pas reprendre avant le début de l’été », détaille-t-il.
Le prix dépendra aussi des résultats des négociations commerciales en cours avec la distribution. Olivier Picot s’inquiète de la capacité des industriels à répercuter les hausses, alors que « les prix de vente sortie usine des produits laitiers de grande consommation continuent de baisser » en France, et dénonce une nouvelle fois la loi LME. Pour dynamiser le marché, l’espoir pourrait venir de la Chine, qui « à long terme importera de plus en plus », selon l’économiste de la Fnil. Mais attention aux faux espoirs.
Dec 07 - Asian CPO Ends Lower Tracking Competing Oils (Dow Jones)
Asian crude palm-oil price futures reverse gains to end lower on Wednesday, guided by weaker rival oils on the Chicago Board of Trade and China's Dalian Commodity Exchange. Both palm-oil and soy oil compete to grab a share in the world market, so the prices often move together. David Ng, an analyst at Philip Futures brokerage in Kuala Lumpur expects prices to remain rangebound between 3250 ringgit a ton and MYR3080 a ton. Benchmark palm-oil futures for February on the Bursa Malaysia Derivatives Exchange last traded 35 ringgit lower at MYR3148 ringgit a ton.
Dec 07 - Canada harvests bigger wheat, canola crops despite snowy fall
Canada's wheat and canola crops withstood unfavorable autumn weather, topping Statistics Canada's previous estimates and last year's production, according to the government agency's report on Tuesday. The estimates were met with greater skepticism than usual from traders and analysts, as Statscan surveyed farmers during unusually snowy, then mild, autumn weather that raised fears that growers would be unable to finish harvesting before winter. Click here to read full stories.
Dec 07 - U.S. soybean exports may be less impressive than they seem: Braun
The United States has been shipping an eye-popping amount of soybeans lately, but this year's high expectations render the current export pace as nothing out of the ordinary. And there are already signs that the world's No. 2 soybean supplier might actually risk an underwhelming performance by year end. Click here to read full stories.
Dec 07 - Ukraine strengthening GMO export control to defend producers
Ukraine, the world's third-largest grain exporter, plans to strengthen checks for genetically modified organisms (GMOs), a senior agriculture official said on Tuesday, citing soybeans as a particular concern. In Ukraine it is not illegal to grow GM plants, but no GMOs have the official registration needed for legal cultivation, the head of the State Food Safety and Consumer Protection Service, Volodymyr Lapa, told Reuters. Click here to read full stories.
Dec 07 - JBS shares surge on spin-off plan of international units in U.S.
Shares of Brazil's JBS, the world's biggest beef exporter, soared on Tuesday, adding nearly $3 billion to its market value after management announced it would take its international businesses public in a U.S. initial public offering. The plan, announced late on Monday, to spin off JBS's international businesses and its Brazilian poultry unit Seara under Holland-based JBS Foods International B.V. is part of a much simpler, revised corporate reorganization plan intended to reduce company financing costs. Click here to read full stories.
Dec 07 - All of France placed on 'high risk' restrictions over bird flu
France widened "high risk" restrictions to the entire country after the detection of several cases of the highly pathogenic H5N8 avian flu strain in farms in southwest France and in wild ducks in northern France, the farm ministry said on Tuesday. The decision was also motivated by the "rapid change in the ... situation in France and in several European countries", the statement said. Click here to read full stories.
Dec 07 - Zimbabwe imported more than 300,000 tonnes of maize in 2016 after drought - Mugabe
Zimbabwe imported more than 300,000 tonnes of maize in 2016 to plug a shortfall caused by a devastating drought in one of the continent's poorest countries, President Robert Mugabe said on Tuesday. The El Nino-induced drought that hit southern Africa has been particularly bad for Zimbabwe, whose economy is in the grips of severe cash shortages, causing widespread food shortages and fuelling anti-government protests in recent months. Click here to read full stories.
Dec 07 - Dairy prices rise, volumes drop at auction - NZ's Fonterra
International milk prices rose while volumes dropped in this month’s first auction held by New Zealand's Fonterra Co-operative Group, the world's biggest dairy exporter. Fonterra's GDT Price Index climbed 3.5 percent, with an average selling price of $3,622 per tonne, in the auction held on Tuesday. Click here to read full stories.
Dec 06 - Asian CPO Closes Higher on Hopes of Lower Output (Dow Jones)
Asian crude palm-oil futures prices rose Tuesday, on expectations of lower palm-oil production. Investors are hoping a fall in output in December will help in lowering the closing palm-oil stocks in Malaysia, says David Ng, an analyst at Philip Futures in Kuala Lumpur. He expects prices to trade between 3250 ringgit a ton and MYR3080 a ton in the next few days. Benchmark palm-oil futures for February delivery on the Bursa Malaysia Derivatives Exchange last traded MYR47 higher at MYR3182 a ton.
Dec 06 - Australia raises wheat forecast, set for record output
Australia on Tuesday raised its forecast for wheat production during the 2016/17 season by more than 16 percent as near ideal conditions across much of the world's No. 4 exporter push output to record levels and add to ample global supplies. Wheat output in the 2016/17 season will total 32.64 million tonnes, the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) said, up from a forecast in September for 28.08 million tonnes. Click here to read full stories.
Dec 06 - Russian wheat export prices stable
Russian wheat export prices were stable last week after ten consecutive weeks of growth due to concerns over stormy weather in the main Black Sea ports and possible restrictions due to African Swine Fever, an agriculture consultancy said on Monday. Black Sea prices for Russian wheat with 12.5 percent protein content for December supply were at $184 a tonne on a free-on-board (FOB) basis at the end of last week, unchanged from a week earlier, Russian agricultural consultancy IKAR said. Click here to read full stories.
Dec 06 - Tyson starts $150 mln venture capital fund, eyes meat substitutes
Tyson Foods Inc has launched a $150 million venture capital fund that will target investments in companies commercializing meat substitutes, deepening the largest U.S. chicken producer's foray into alternative sources of protein. The fund also will invest in companies that aim to make money by reducing food waste and those that develop technology products related to food and agriculture, the company said on Monday. Click here to read full stories.
Dec 06 - Brazil's JBS plans U.S. IPO for international unit
Brazilian food maker JBS SA, the world's largest beef processor, plans to launch shares of its subsidiary JBS Foods International B.V. in the United States in the first half of 2017 as a part of a larger reorganization, the company said on Monday. Under the plan, the unit currently based in the Netherlands would be responsible for managing all of the company's international operations, with parent company JBS SA maintaining management of beef operations in Brazil. Click here to read full stories.
Dec 06 - China aims to double ethanol output to 4 mln tonnes by 2020 - agency
China is aiming to produce 4 million tonnes of ethanol by 2020, doubling output from the current level, even as it keeps tight control over the use of food grains to make the biofuel, a government plan showed on Monday. The world's largest energy consumer plans to raise the non-fossil fuel portion of primary energy consumption to 15 percent from 12 percent by the end of its current five-year plan in 2020. Click here to read full stories.
Dec 06 - Asia Crude Palmoil Tad Lower on Likely Profit-Taking (Dow Jones)
The Bursa Malaysia palm oil contract is trading slightly lower likely on profit-taking after reaching a new four-year high in trading Monday. Palm oil continues to provide spillover strength to other veg oils on concerns that Malaysian output won't bounce back as quickly as expected, says Commonwealth Bank of Australia in a note. As a result soybean futures on the CBOT also rallied strongly Monday. The Bursa Malaysia palm oil contract is currently trading down 20 ringgit a ton at 3115 ringgit a ton.
Dec 06 - Indonesia CPO Production Recovering From Dry Spell (Dow Jones)
Indonesia is on target to produce 32 million metric tons of palm oil in the 2015-16 year as data produced by the Indonesia Palm Oil Association shows that domestic production has now recovered to levels above 3 million metric tons a month, the U.S. Department of Agriculture says in a note. That it is only slightly below last year's production of 33 million tons as production has recovered in the past few month from dry conditions that hit the region at the start of 2016. It adds that assuming the continuation of favorable weather and the subsequent recovery of drought-stressed oil palm plantations, 2016-17 production is on target to exceed CPO production in 2015-16. It forecasts that production will increase to 35 million tons in 2016-17.
Dec 05 - Asian Crude Palmoil Ends Higher on Lower Palm-Oil Output (Dow Jones)
Asian crude palm-oil prices rally on Monday, buoyed by positive investor sentiment after a fall in Malaysian palm-oil output. A fall in production for a second month despite concerns of a rise in stockpiles has lifted the mood of the market, says David Ng, an analyst at Philip Futures in Kuala Lumpur. He expects prices to remain range bound between 3200 ringgit a ton and MYR3080 a ton. Traders will also be watching export estimates due later this week to look for any improvement in overseas demand for palm-oil. Benchmark palm-oil futures for February on the Bursa Malaysia Derivatives Exchange last traded MYR61 higher at MYR3137 a ton.
Dec 05 - Big U.S. corn yields could overshadow acreage drop in 2017: Braun
The prospects for less corn acres in the United States next year is not exactly something to get bullish about, especially if yield has a say. Corn yield in the United States blew away almost all expectations in 2016 to produce the largest harvest in history of 15.2 billion bushels and as such, domestic corn supply has built up to levels not seen in 30 years. Click here to read full stories.
Dec 05 - Ukraine 2016-17 grain exports could dip below forecast - minister
Logistical problems could cause Ukraine's 2016-17 grain exports to fall slightly below the forecast 41 million tonnes, Agriculture Minister Taras Kutovy said on Friday. "We are keeping our export forecast at 41 million tonnes, but it could be less due to the logistics issue ... this (decrease) could be less than a million tonnes," he said. Click here to read full stories.
Dec 05 - Speculators up record cotton net long stance - CFTC
Speculators raised a bullish position in cotton contracts to a fresh record in the week to Nov. 29, as they reduced a bearish bet in cocoa futures and options, U.S. Commodity Futures Trading Commission (CFTC)data showed on Friday. The traders cut net long positions in arabica coffee and raw sugar contracts, the data showed. Click here to read full stories.
Dec 05 - Bird flu returns to France's southwest foie gras heartland
France confirmed on Friday an outbreak of severe bird flu on a duck farm in the southwest and said the virus was spreading in the region, in a setback for French poultry and foie gras producers recovering from a bird flu epidemic a year ago. The H5N8 avian influenza virus was confirmed at a farm in the Tarn administrative department, the agriculture ministry said, days after the virus was detected among wild birds in northern France and following outbreaks in Europe linked to migrating birds. Click here to read full stories.
Dec 05 - Brazil's Mato Grosso to harvest 7 mln tns soy by end of Jan - AgRural
Brazil's biggest soybean producing state, Mato Grosso, is expected to harvest more than 7 million tonnes of soy by the end of January, local consultants AgRural said on Friday. The state is expected to start harvesting earlier than usual in the second half of December thanks to the early start to rains in September. Rainfall has continued to fall regularly across the grain belt since, which should push Brazil to a record harvest this season. Click here to read full stories.
Dec 05 - South Korean importers buy corn for March/April arrival - traders
South Korean feed importers purchased at least 10 cargoes of U.S. and optional-origin corn for arrival in March and April as prices for the feed grain have fallen to the lowest level in two months, U.S. traders said. The importers included the country's largest feedmaker Nonghyup Feed (NOFI), the Korea Corn Processing Industry Association (KOCOPIA), the Major Feedmill Group (MFG) and the Korea Feed Association (KFA), they said. Click here to read full stories.
Dec 05 - French farmers wind up maize harvest, wheat sowing
French farmers have virtually finished harvesting this year's grain maize crop and sowing soft wheat for next year's harvest, data from farm office FranceAgriMer showed on Friday. Farmers had harvested 99 percent of the grain maize crop by Nov. 28, up from 98 percent a week earlier and in line with the year-earlier harvest progress, FranceAgriMer said in a weekly crop report. Click here to read full stories.
Dec 05 - Germany detects H5N1 bird flu on poultry farm in Brandenburg
Germany reported a first case of the contagious bird flu strain H5N1 on Friday on a small poultry farm in the northeastern state of Brandenburg, the state's consumer protection ministry said. The farm in the Oberhavel district was sealed off and some 500 chicks, ducks and geese were culled, a spokeswoman for the consumer protection ministry of Brandenburg said. Click here to read full stories.
Dec 02 - Asian Crude Palm-Oil Ends Weak on Demand Worries (Dow Jones)
Asian crude palm-oil prices end lower on Friday as investors mostly stay on the sidelines on concerns of weak demand, as shown by monthly export estimates released Thursday by cargo surveyors Intertek and SGS. However, a decision by the Organisation of Petroleum Exporting Countries to trim crude-oil output will continue to influence palm-oil prices, traders say. Benchmark palm-oil futures for February on the Bursa Malaysia Derivatives Exchange end 3 ringgit (67 U.S. cents) lower at 3,076 ringgit ($689) a ton.
Dec 02 - Canadian wheat, canola crops weather snow, top last harvest
Canada's wheat and canola crops withstood wintry weather that stalled the autumn harvest, and production topped last year's output, according to Reuters' industry survey of 13 analysts and traders.Statistics Canada on Tuesday will issue its final crop production estimates for the 2016/17 marketing year. Click here to read full stories.
Dec 02 - Egypt's wheat reserves sufficient for four months - govt statement
Egypt's supply minister said on Thursday the country's reserves of wheat are sufficient for four months, of sugar for three months and vegetable oils for five months, according to a cabinet statement.The government has said it hopes to accumulate six months worth of reserves for strategic goods. Egypt had suffered from sugar shortages in recent months. Click here to read full stories.
Dec 02 - ADM sells stake in Australia's GrainCorp
U.S. agricultural commodities trader Archer Daniels Midland Co has sold its 19.9 percent stake in GrainCorp Ltd to underwriters UBS just three years after a failed bid to wholly acquire the Australian grain handler, ADM saidon Thursday.The sale to the Swiss bank was valued at A$387 million ($286.92 million), or A$8.53 a share, ADM said. Click here to read full stories.
Dec 02 - Argentina soy weather favorable with 46 pct of crop sown -exchange
Argentine growers have planted 46 percent of the 19.6 million hectares (48.4 million acres) expected to be sown with soybeans in the 2016-17 season with the country's central farm belt enjoying good growing conditions, the Buenos Aires Grains Exchange said on Thursday.Soybean planting advanced 12.3 percentage points over the previous seven days, the exchange said in its weekly crop report. Despite the quick advance in recent days, sowing was 8.4 percentage points behind the previous season's pace. Click here to read full stories.
Dec 02 - EU 2016/17 wheat exports reach 10.2 mln T, 247,000 T this week
European Union soft wheat exports in the 2016/17 season had reached 10.210 million tonnes by Nov. 29, up 9 percent from 9.337 million tonnes exported by the same period last season, official data showed on Thursday.In the latest reporting week, the EU exported 247,000 tonnes of soft wheat, on the basis of a revised week-earlier total of 9.963 million tonnes, the data showed. Click here to read full stories.
Dec 02 - Brazil 2016-17 soybean crop seen at record 103.1 mln tns
Isolated cases of dry weather in recent weeks over Brazil's main grain belt were not enough to spoil the market's optimism about the current 2016-17 crop that will begin harvesting an expected record crop in the coming weeks, a survey showed on Thursday.A Reuters survey of 18 forecasts yielded an average estimate of Brazil's soybean crop at a record 103.1 million tonnes, up slightly from the 102.8 million forecast by a similar poll in late October and surpassing last season's harvest by 7.6 million tonnes. Click here to read full stories.
Dec 02 - Malaysia's IOI Corp to give up some land in deforestation settlement
Malaysian palm oil giant IOI Group said it will abandon some 430 hectares (1,060 acres) of land in Indonesia in part settlement of a dispute over allegations of illegal deforestation and planting.It will continue to cultivate the rest of the land under dispute - about 11,000 hectares - but would not market the palm oil produced as having sustainability certification for a period of about 30 years, the company said in a joint statement with Amsterdam-based green group Aidenvironment. Click here to read full stories.
Dec 02 - Tunisia reports H5 bird flu in wild birds - OIE
Tunisia has reported an outbreak of the highly contagious H5 bird flu virus among wild birds in the north of the country, the World Organisation for Animal Health (OIE) said on Wednesday, citing information from the Tunisian agriculture ministry.The outbreak was confirmed after testing of 30 wild birds found dead last month in the Ichkeul Natural Park, it said. Click here to read full stories.
Dec 02 - Bursa Malaysia CPO Benchmark Hits 4-Year High on Tight Supply (Dow Jones)
The Bursa Malaysia benchmark palm oil contract opened at its highest level since May 2012 as concerns about tight supply in the market continues to drive crude palm oil prices higher. Production in palm oil has been hit particularly in Malaysia as dry conditions associated with El Nino at the start of the year stressed oil palms and reduced the amount of fruit the trees are bearing. The Bursa Malaysia benchmark three-month contract is trading up 13 ringgit at 3091 ringgit a ton. It earlier hit a high of 3106 ringgit a ton.
Dec 02 - Friesland Campina propose 375 €/tonne en décembre (France Agricole)
La coopérative néerlandaise augmente de 45 €/t le prix du lait garanti par rapport à novembre 2016. Cette brusque hausse s’explique par une correction des prix des derniers mois, estimés trop faibles.
Un prix garanti à 375 €/tonne de lait : de quoi faire rêver plus d’un éleveur français ! C’est pourtant bien le prix réel que la coopérative néerlandaise Friesland Campina garantit pour le mois de décembre à ses livreurs. Une hausse de 45 € par rapport à novembre. « L’augmentation est principalement due à une correction de 35 € liée à de trop faibles estimations du prix de référence au cours des derniers mois », détaille-t-elle dans le communiqué diffusé le 28 novembre 2016.
284€/t de moyenne annuelle
La croissance du prix s’explique également par la réduction globale de la production de lait face à une demande stable. La coopérative espère que les prix des commodités continueront à progresser. Cette année, le prix garanti moyen de Friesland Campina sera de 283,8 €/t, contre 306,8 en 2015. Le prix moyen payé était alors de 345 €.
Dec 01 - Asian Crude Palmoil Ends Higher on Crude Oil Deal (Dow Jones)
Asian crude palm-oil future prices end higher on Thursday supported by overnight gains in crude oil prices. A landmark deal was reached late Wednesday by the Organization of the Petroleum Exporting Countries to trim crude oil output that has lifted the overall market sentiment. David Ng, an analyst at Philip Futures in Kuala Lumpur expects palm-oil prices to trade between 2950 ringgit a ton and 3100 ringgit a ton. February contracts trading on the Bursa Malaysia Derivatives Exchange are up 9 ringgit at 3,082 ringgit per ton.
Dec 01 - Russia faces big grain crop, stocks in 2017 – consultancy
Russia is expected to have another big grain crop in 2017, adding to a record crop this year and increasing pressure on prices, SovEcon, a leading agriculture consultancy, told a conference on Wednesday.In the first major industry estimate for the 2017 grain crop SovEcon said Russia's harvest next year could amount to 112.5 million tonnes, the second largest since the collapse of the Soviet Union after this year's record 119.5 million tonnes. Click here to read full stories.
Dec 01 - USDA October soybean crush seen at 175.4 mln bushels
The U.S. Department of Agriculture's monthly report on oilseed crushings will likely show that about 5.262 million short tons, or 175.4 million bushels, of soybeans were processed in October, a Reuters poll of eight analysts showed on Wednesday.Their estimates ranged from 173.5 million to 178.0 million bushels. The median forecast was 175.5 million bushels. Click here to read full stories.
Dec 01 - California seeks long-term water savings as drought lingers
California water regulators on Wednesday recommended tighter oversight of agricultural irrigation and a permanent ban on over-watering urban lawns, a first step toward developing a long-term conservation plan amid ongoing drought.The proposal comes as nearly two-thirds of the state heads into a fifth year of severe drought despite a wet fall and heavy rains last winter that have ameliorated conditions in many areas Click here to read full stories.
Dec 01 - Biofuel producers blast EU for slashing crop-based fuel use
European biofuel producers said a proposal by Brussels to nearly halve the level of crop-based biofuel used in the European Union by 2030 was a U-turn in policy that would threaten jobs and boost animal feed and crude oil imports.The European Commission proposed in a draft law reforming the EU energy market to cap crop-based or so-called first generation biofuels' share of fuels used in transport to 3.8 percent in 2030 from 7 percent in 2021. Click here to read full stories.
Dec 01 - U.S. farm income seen down 17.2 pct in 2016 at 7-year low - USDA
U.S. net farm income is expected to drop for a third consecutive year in 2016, sinking 17.2 percent to $66.9 billiondue largely to weak returns for livestock, dairy and poultry farms, the U.S. Department of Agriculture said on Wednesday.The updated forecast from the agency's Economic Research Service (ERS) was down from its August forecast of $71.5 billion and down 46 percent from record profits for the sector of $123.7 billion in 2013. Click here to read full stories.
Dec 01 - Ukraine reports outbreak of H5 bird flu in backyard birds - OIE
Ukraine reported an outbreak of a highly contagious bird flu virus among backyard birds in the southern part of the country, the World Organisation for Animal Health (OIE) said on Wednesday, citing a report from the Ukrainian government.After veterinary services were informed of an increase in mortality among birds in the village of Novooleksandrivka near the Black Sea, samples were taken from the dead birds and showed a positive result for highly pathogenic H5 avian influenza, the Ukrainian authorities said. Click here to read full stories.
Dec 01 - Pilgrim's Pride to near antibiotics goal early with chicken deal - CEO
Pilgrim's Pride Corp, the world's second-largest chicken producer, will approach a goal it set to curb antibiotics use ahead of schedule due to its planned acquisition of a smaller rival, the company's chief executive said on Wednesday.CEO Bill Lovette said on a conference call that about 24 percent of the chicken Pilgrim's produces will be raised without any antibiotics "some time just after the first quarter of 2017." Click here to read full stories.
Dec 01 - S.Africa's RCL Foods to lay off half of workforce as cheap imports bite
South Africa's RCL Foods will lay off more than half of its workforce after cheaper poultry imports reduced its sales, the head of the firm's Consumer Division said on Wednesday.The poultry industry in South Africa has been battling for survival amid stiff competition from producers in Brazil, the European Union and the United States with industry experts predicting up to 4,000 job losses this year. Click here to read full stories.