Grains, Seeds, Vegoils & Meals
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.
Nov 30 - Thai rice exports pick up, will meet 2016 target - commerce ministry
Thailand's rice exports have improved and the country is currently on track to meet its 2016 rice export target of 9.5 million tonnes, the commerce ministry said in a statement on Wednesday. As of Nov. 28, Thailand, the world's second-biggest rice exporter, had exported 9.18 million tonnes, up 8.7 percent from the same period last year, the ministry said. The exports were worth around $4.16 billion, up 3.55 percent from last year.
Nov 30 - Labour abuses found at Indonesian palm plantations supplying global companies -Amnesty
Global consumer companies, including Unilever, Nestle, Kellogg and Procter & Gamble, have sourced palm oil from Indonesian plantations where labour abuses were uncovered, Amnesty International said on Wednesday.Children as young as eight worked in "hazardous" conditions at palm plantations run by Singapore-based Wilmar International Ltd and its suppliers on the Indonesian islands of Kalimantan and Sumatra, Amnesty said in a report. Click here to read full stories.
Nov 30 - Egypt's GASC gets offers from nine suppliers at wheat tender
Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), received offers from nine suppliers at its international wheat purchasing tender on Tuesday, Cairo-based traders said. The lowest offer was $188.74 a tonne free-on-board (FOB) for 60,000 tonnes of Russian wheat, they said. Click here to read full stories.
Nov 30 - China grain output to fall 2.5 pct to 2020 on farmland rehabilitation - planner
China's grain production will fall by 15 million tonnes, or about 2.5 percent, in the five years to 2020, as the government withdraws severely polluted or degraded farmland for rehabilitation, a state planner official said on Wednesday.Under the proposal, some five million hectares of land - about four percent of the country's total arable land - will be taken out of production and either rehabilitated or turned over to forest or grasslands, said Wu Xiao, head of the rural economy division at the National Development and Reform Commission. Click here to read full stories.
Nov 30 - EU soybean crushings in coming months at record high -Oil World
The European Union's soybean crushings for the year to August 2017 are likely to reach record high volumes but Europe's growing soybean harvest will limit import demand, the head of oilseeds analysts Oil World forecast on Tuesday."The main reason for the increased soybean crushings is the tighter supply of soft oilseeds, especially following a poor EU rapeseed crop this summer," said Thomas Mielke, chief executive of Hamburg-based Oil World. Click here to read full stories.
Nov 30 - Set for record crop, Australia wheat suppliers challenge Black Sea rivals
Australian wheat suppliers are poised to regain market share in Asia as the world's No.4 exporter harvests what is likely to be a record crop, threatening to rein in shipments to the region from rival Black Sea producers.Australia has in recent years surrendered some of its share of major wheat markets such as Indonesia, with sellers from Russia and Ukraine offering cheap cargoes. Click here to read full stories.
Nov 30 - Russia to send 100,000 tonnes of wheat in humanitarian aid to Syria
Russia plans to send 100,000 tonnes of wheat in humanitarian aid to Syria this year, government officials said on Tuesday.A source at the agriculture ministry has said Russia has been considering sending around 100,000 tonnes of wheat to Syria from government stocks. Click here to read full stories.
Nov 30 - Pilgrim's Pride to acquire organic chicken line in $350 mln deal
Pilgrim's Pride Corp, the world's second-largest chicken producer, will buy smaller rival GNP Company in a $350 million deal that will increase its organic and antibiotic-free product offerings, the companies said on Tuesday.The all-cash deal helps Pilgrim's, which is mostly owned by meatpacker JBS SA, keep up with a consumer shift toward products perceived to be more natural and healthy. Click here to read full stories.
Nov 30 - Asian Crude Palmoil Ends Higher on Hopes of Oil Production Cut (Dow Jones)
Asian crude palm-oil prices end higher Wednesday on expectations of a cut in oil production at a meeting of the Organisation of Petroleum Exporting Countries. "This will prove positive for energy prices, which in turn will benefit palm-oil," says David Ng, an analyst at Philip Futures. February contracts traded on the Bursa Malaysia Derivatives Exchange are up 23 ringgit to 3,073 ringgit per ton.
Nov 29 - Asian Crude Palmoil Under Pressure but Remains Near High Levels (Dow Jones)
Asian crude palm oil prices came under some pressure Tuesday, but remained at historically high levels supported by low production and reduced stocks. Fitch says in a note that, assuming demand components outside of biodiesel show steady growth, global CPO demand will likely increase by 3 million to 4 million tons in 2017, while output should rebound by around 6 million tons in 2017 after a weak 2016 to outpace demand, as dry weather conditions due to El Nino have dissipated. "The higher output should gradually replenish inventories during 2017, but given current low inventory levels, the effect of higher production on prices should be more visible in 2H17." It adds that overall, it expects CPO prices at around US$660/ton in 2017, slightly lower than current levels of US$670/ton, but better than the 2016 average price of US$635/ton. The Bursa Malaysia palm oil benchmark 3-month palm oil contract ended down 26 ringgit a ton at MYR3051 a ton.
Nov 29 - Russian wheat export prices rise for 10th week in a row
Russian wheat export prices rose for the 10th week in a row last week supported by strong demand for cereals with high protein content, an agricultural 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, up $1 from a week earlier, Russian agricultural consultancy IKAR said. Click here to read full stories.
Nov 29 - Gunvor to pull out of agricultural futures trading
Global commodity trading group Gunvor is set to withdraw from agricultural futures trading which the group does not view as a core activity, the company said on Monday.Gunvor's head of agriculture Oliver Abela is retiring and the agricultural desk, which trades grains and oilseeds futures contracts, will be phased out as it is regarded as a minor activity compared to Gunvor's massive crude oil, oil products and energy trading operations. Click here to read full stories.
Nov 29 - Speculators lift bullish cotton stance to record - CFTC
Speculators hiked their bullish stance in cotton contracts on ICE Futures U.S. to a record high in the week to Nov. 22, as they boosted a bearish bet in cocoa futures and options to the largest since mid-2012, U.S. government data showed on Monday.The dealers again dialed back net long positions in arabica coffee and raw sugar contracts, the weekly Commodity Futures Trading Commission data said. Click here to read full stories.
Nov 29 - Japan orders major poultry cull after first bird flu outbreak in nearly two years
Japan has started culling more than 300,000 chickens and ducks after the discovery of a highly contagious form of bird flu on farms in the north of the country, local officials said.The bird flu outbreaks are the first in nearly two years in Japan and news of the cullings boosted shares in some infection-control product makers. Click here to read full stories.
Nov 29 - Synlait Milk lifts payout forecast as global dairy prices rise
New Zealand's Synlait Milk said on Tuesday it has increased its forecast payout to farmers by 20 percent to NZ$6.00 per kilogram of milk solids (kgMS) for the 2016/17 season, helped by slowing supply."We've kept a close eye on the global dairy market and the trending increase in dairy prices can't be ignored," Chairman Graeme Milne said in a statement. Click here to read full stories.
Nov 28 - Asian Crude Palmoil Reaches Highest Level Since Sep 2012 (Dow Jones)
Asian crude palm oil prices reached their highest level since September 2012 supported by ongoing concerns about ongoing low production in Malaysia and a sharp fall in stock piles of the commodity. Analysts expect palm oil to remain high into 2017, when prices are expected to fall off as production continues to recover from the dry conditions at the start of 2016 and stock piles rebuild. The Bursa Malaysia benchmark three-month contract closes up 44 ringgit a ton at 3076 ringgit a ton. It earlier hit a high of 3079 ringgit a ton.
Nov 28 - French grain maize harvest 98 pct complete by Nov 21 - farm office
French farmers had harvested 98 percent of this year's grain maize crop by Nov. 21, compared with 95 percent a week earlier, farm office FranceAgriMer said on Friday.The latest harvest progress was in line with the 98 percent level seen a year ago, FranceAgriMer added in its weekly crop report. Click here to read full stories.
Nov 28 - Indonesia to halt corn imports by 2018 at latest - minister
Indonesia plans to stop imports of corn by 2018 "at the latest", the agriculture minister said on Monday, amid government efforts to promote domestic production of the grain as part of a broader push for food self-sufficiency.Indonesia's corn imports had risen on demand for its use in animal feed, but government restrictions have cut imports sharply in recent years and bolstered imports of wheat as an alternative. Click here to read full stories.
Nov 28 - Ukraine harvests 61.6 mln T grain from 95 pct area
Ukraine has harvested 61.6 million tonnes of grain from 13.6 million hectares, or 95 percent of its sowing area, as of Nov. 25, Ukrainian agriculture ministry said on Friday.The average yield rose to 4.52 tonnes per hectare from 4.13 tonnes a year earlier, it said in a statement. Ukraine had harvested 59.4 million tonnes of grain by the same date in 2015. Click here to read full stories.
Nov 28 - Bangladesh raises local rice purchase price
Bangladesh raised the price the government will pay to farmers for the upcoming season's rice to 33 taka ($0.42) a kilogram, up from 31 taka a year ago, the food minister said on Sunday.The government will buy 300,000 tonnes of rice from local farmers starting from Dec. 1, Mohammad Kamrul Islam told reporters."The purchase will boost our reserves as well as ensure a fair price for farmers," he said. Click here to read full stories.
Nov 28 - Dutch destroy 190,000 ducks in first bird flu cull
Some 190,000 ducks were destroyed on Saturday at six farms in the Netherlands following an avian flu outbreak, the country's first cull of an epidemic sweeping northern Europe.Outbreaks of avian flu, primarily the highly pathogenic H5N8 strain, have been reported in Denmark, Finland, Germany and Sweden over the past week. Click here to read full stories.
Nov 28 - Russia to decide on swine fever quarantine next week
Russia will decide next week whether to impose a quarantine on pig farms in the southern region ofKrasnodar, a measure that could ultimately affect some grain exports, due to outbreaks of highly contagious African Swine Fever (ASF), the head of Russia's food safety watchdog said on Friday.Russia, the world's second-largest wheat exporter, is considering the quarantine due to 10 incidents this month of ASF in the region, which is one of its key areas for grain exports via the Black Sea. Click here to read full stories.
Nov 28 - Norway salmon price seen rising to 65-66 crowns next week
The average price of Norwegian farmed salmon is expected to rise by around 2 crowns per kilo to 65-66 crowns next week as output may fall, industry sources told Reuters on Friday. In the current week, prices fell by about 3 crowns to 63-64 crowns per kilo, a somewhat larger-than-expected drop."It seems there will be less volume next week.... Prices are around 63-64 crowns this week while we expect a rise to 65-66 next week," a producer who declined to be named told Reuters. Click here to read full stories.
Nov 28 - India confirms H5N8 bird flu outbreak in Karnataka - OIE
India has reported an outbreak of a highly contagious bird flu virus in the southwestern state of Karnataka, the World Organisation for Animal Health (OIE) said on Friday, citing a report from the Indian agriculture ministry.The H5N8 virus was confirmed among birds in the village of Itagi, and all 1,593 of the birds at risk from the disease died or were culled, according to the report posted by the Paris-based OIE. Click here to read full stories.
Nov 25 - Asian Crude Palmoil Ends Higher on Expected Production Drop (Dow Jones)
Asian crude palm-oil prices end Friday's trading session slightly higher amid bullish sentiment and an expected fall in palm-oil output. This comes despite weak export performance. Malaysia's palm oil exports during November 1-25 are estimated down 10.3% on month at 895,077 metric tons, cargo surveyor SGS (Malaysia) said. Another surveyor, Intertek Agri Services, estimated exports to have fallen 9.6% from the previous month. However, the palm-oil prices ended in green as industry experts at a palm-oil event in Indonesia said production is anticipated to fall in the first quarter of 2017. David Ng, an analyst at Philip Futures, expects prices to trade between 2950 ringgit a ton and 3080 ringgit a ton in the next couple of days. Benchmark palm-oil futures for February on the Bursa Malaysia Derivatives Exchange last traded 24 ringgit higher at 3,028 ringgit per ton.
Nov 25 - Record crops to send grain stocks to all-time peak - IGC
Global grain stocks are expected to surpass 500 million tonnes for the first time at the end of the 2016/17 season, the International Grains Council said on Thursday, raising its forecasts for both corn and wheat production.The inter-governmental-body, in a monthly update, put total grain carryover stocks at the end of the season at 504 million tonnes, up from a previous projection of 498 million and the prior season's 475 million tonnes. Click here to read full stories.
Nov 25 - EU soft wheat exports reach 9.4 mln T by Nov. 22
The European Union exported 481,000 tonnes of soft wheat in the week to Nov. 22, taking the total so far in the 2016/17 season that started on July 1 to 9.4 million tonnes, official data showed on Thursday.The cumulative volume so far in 2016/17 was 9 percent above the year-earlier level. Click here to read full stories.
Nov 25 - Argentina seen planting 20.22 mln hectares in 2016/17 soy - gov't
Argentine soy planting is expected to fall to 20.22 million hectares (49.96 million acres) this season from 20.6 million hectares in the previous crop year, the agriculture ministry said on Thursdays, as farmers respond to government incentives to plant more wheat.The 2016/17 wheat harvest is expected to boom to 14.9 million tonnes from 11.3 million tonnes in 2015/16, the ministry said in its monthly crop report. President Mauricio Macri eliminated wheat and corn export taxes and trade curbs soon after taking office a year ago. Click here to read full stories.
Nov 25 - Egyptian importers nursing losses after currency float want a bailout
Huddled in the Radisson Blu hotel on the outskirts of Cairo last week, some of Egypt's top wheat traders talked damage control: they had lost more than $1 billion since the country floated its currency and now they wanted to be bailed out.Egypt took markets by surprise on Nov. 3 when it abandoned its peg to the U.S. dollar in a move aimed at attracting capital inflows and ending a currency black market that had all-but displaced the banks. Click here to read full stories.
Nov 25 - Lower palm oil output into early next year likely to support prices
Lower output of palm oil into early next year and tight supplies of rival soybean oil are likely to bolster prices for the tropical product in the short term after they hit a four-year high this week.Higher mandates for biodiesel production in the United States and Indonesia will further squeeze inventories of palm oil, used in products ranging from candy to cosmetics and cooking oil. Click here to read full stories.
Nov 25 - Saudi Ma'aden seen ramping up phosphate output from Waad al-Shamal in 2017
Saudi Arabian Mining Co (Ma'aden) will ramp up production of phosphate from its new Waad al-Shamal facility by mid-2017, its chief executive said, as the kingdom seeks more cash from non-oil sources.Once at full capacity in 2019, the complex will roughly double Saudi's production of the material, primarily used as a fertiliser, to 6 million tonnes a year - putting it joint-sixth globally, according to 2014 estimated production data from the U.S. Geological Survey. Click here to read full stories.
Nov 25 - China to start auctioning cotton reserves in March 2017
China will start annual sales of cotton from its state reserves in March next year, the National Development and Reform Commission (NDRC), the country's top economic planner, said on Thursday, confirming plans outlined last month.The sales will commence on March 6, 2017, and will offer 30,000 tonnes of cotton per day, the NDRC said, with auctions continuing until end of August. Click here to read full stories.
Nov 25 - Russia warns of quarantine if swine fever spreads in south
Russia's food safety watchdog said on Thursday it would have to introduce a quarantine that could hit agricultural exports if there were more outbreaks of African Swine Fever (ASF) at pork breeding facilities in the southern Krasnodar region.The watchdog said on its website a quarantine could affect, for example, grain exports. Analysts said this would be due to concerns ASF - a highly contagious haemorrhagic fever among pigs - could be transmitted via animal feed. Click here to read full stories.
Nov 25 - S.Korea issues temporary nationwide standstill order to contain bird flu
South Korea's agriculture ministry said on Friday a temporary nationwide standstill order for poultry farms and related transport will take effect over the weekend in a bid to contain a wider spread of H5N6 bird flu, a severe strain of the disease.The Ministry of Agriculture, Food and Rural Affairs said in a statement that the movement control order will be put in place for 48 hours, effective from 1500 GMT on Friday - midnight in South Korea. Click here to read full stories.
Nov 25 - Prix du lait, la Confédération paysanne porte plainte (France Agricole)
Le syndicat a mené une série d’actions ce jour dans différents départements. Il a remis des dépôts de plainte ou des cahiers de doléances aux représentants de l’État, à l’encontre des industriels laitiers « coupables d’extorsion ».
Dans le Puy-de-Dôme, une cinquantaine d’éleveurs ont déposé plainte au tribunal de grande instance (TGI) de Clermont-Ferrand contre Lactalis et Sodiaal pour « extorsion » ce jeudi 24 novembre 2016. L’objectif est de « rendre visible le rapport de force entre l’industrie et les producteurs de lait », explique le syndicat.
Des paysans exclus des décisions
« Il s’agit de mettre en exergue le prix du lait, précise Ludovic Landais, porte-parole de la Conf’63, et de faire ressortir plusieurs problèmes : une rémunération du lait inférieure aux coûts de production, un niveau de prix qui n’est pas connu par l’éleveur avant la livraison, certains détails des contrats, comme celui de Lactalis qui stipule que les éleveurs qui portent préjudice à l’image de l’entreprise peuvent être exclus de la collecte, et la régulation des volumes, où l’on voit bien que ce sont les fermes les plus petites et les plus isolées qui servent de variable d’ajustement. Nous dénonçons le comportement des multinationales, et de la pensée unique. Ce sont eux qui élaborent la politique agricole, et les paysans n’ont pas leur mot à dire. »
Les privés comme les coopératives
Dans les Côtes-d’Armor, 50 éleveurs se sont également retrouvés devant le TGI de Saint-Brieuc, ce matin. Un dépôt de plainte à l’encontre des principaux collecteurs du département a été fait : en ligne de mire, Triskalia, Even, Laïta, Sodiaal et Sodiaal International, et Lactalis. Une délégation de cinq personnes a ensuite été reçue par le procureur de la République, à qui avait été demandé rendez-vous.
« Nous avons été bien reçus, et écoutés, rapporte Isabelle Connan, qui faisait partie de la délégation. Le procureur nous a dit qu’il allait étudier notre plainte et auditionner les laiteries, avant de voir les suites à donner. » Pour elle, le problème de fond vient d’une absence d’organisations de producteurs (OP) suffisamment fortes pour peser face aux industriels dans les négociations. Elle estime que les évolutions apportées par la loi Sapin 2 ou le paquet lait sont insuffisantes, et qu’une OP territoriale qui reprendrait en main la gestion des volumes et la négociation des contrats est la seule issue.
Le Finistère, la Mayenne, la Loire-Atlantique, mais aussi la Loire, le Tarn-et-Garonne, la Haute-Garonne ont également déposé plainte, manifesté ou remis un cahier de doléances au préfet en ciblant des industriels laitiers (Sodiaal et Lactalis, mais aussi Danone). Dans le Finistère, le dépôt de plaintes concernait la SILL, Lactalis, Sodiaal, Even, Triskalia et la CLAL. L’Aude et le Rhône, eux, ont ciblé les entreprises viticoles.
« Le délit est clairement identifiable »
Ces actions font suite à une action menée en février par la Confédération paysanne de l’Aveyron contre Lactalis, à l’issue de laquelle l’industriel avait porté plainte… Et la Confédération paysanne a fait de même en retour, avançant déjà la notion d’extorsion. « Puisque les entreprises payent en dessous des coûts de production tout en continuant à faire des bénéfices considérables, le délit est clairement identifiable », souligne le syndicat.
Nov 24 - Big Corn beats Big Oil as U.S. hikes 2017 biofuel targets
The U.S. government will require energy companies to use a record amount of biofuel next year, a victory for Midwest farmers that supply ethanol makers over oil firms that say using more biofuels in gasoline and diesel is costly and unachievable.The Renewable Fuel Standard (RFS) program, signed into law by President George W. Bush in 2005, was designed to curb greenhouse gas emissions, promote energy independence and boost rural economies by raising demand for biofuels. Click here to read full stories.
Nov 24 - Australian looks to uncork supply chains to cash in on Asian dining boom
Australia's Prime Minister Malcolm Turnbull said on Thursday his government will develop a plan to uncork freight and supply chain blockages that threaten to prevent local exporters from capitalising on Asia's dining boom.Australia is one the world's largest agricultural exporters, with shipments hitting a record A$44.5 billion ($32.83 billion) last year, according to government statistics. Click here to read full stories.
Nov 24 - China to merge state cotton reserves manager with stockpiler Sinograin
China will merge the firm that manages its cotton reserves with state grains stockpiler Sinograin, the country's state assets supervisor said on Wednesday, as part of a major reform of state-owned enterprises (SOEs).Beijing's far-reaching restructuring of the lumbering and uncompetitive state enterprises has been spurred by weak global demand that has dragged on economic growth. Click here to read full stories.
Nov 24 - Canada may ban farm pesticide that harms midges, mayflies
Canada may ban an insect-killing chemical used to protect crops because it harms aquatic bugs, including midges and mayflies, while the government continues to investigate whether imidacloprid poses a risk to bees.Imidacloprid, made by Bayer AG, should be phased out within five years, the Pest Management Regulatory Agency (PMRA) said on Wednesday. Click here to read full stories.
Nov 24 - Potash Corp cuts jobs, Canadian potash output as prices sag
Fertilizer maker Potash Corp of Saskatchewan Inc said on Wednesday that it was reducing jobs and output at one Canadian mine and temporarily curtailing production at two others as the sector struggles with weak prices.The company said it would cut production at its Cory, Saskatchewan, mine to 0.8 million tonnes a year from 1.4 million, resulting in a reduction of 100 jobs and 40 temporary positions starting in February. Click here to read full stories.
Nov 24 - Deere shares leap after earnings beat on pricing, costs
Shares of Deere & Co jumped 11 percent to an all-time high on Wednesday after stronger pricing and cost cuts allowed the agricultural and construction machine manufacturer to beat quarterly earnings expectations.Factors ranging from machinery pricing to lower overheads spending helped Deere report a much smaller-than-expected decline in quarterly earnings during the recession in the global farm sector, CFO Raj Kalathur said on a conference call. Click here to read full stories.
Nov 24 - Hot, dry weather could hit recovery in Australia cattle industry
Hot, dry weather is expected to hit Australia's largest cattle producing region over the next three months, potentially curbing the beef industry's recovery from multi-year drought in the world's No.4 exporter of the meat.The Australian Bureau of Meteorology on Thursday said the country's east coast had an 80-percent chance of above average temperatures in the coming three months, with just a 35-percent chance of exceeding average rainfall. Click here to read full stories.
Nov 24 - Lower grain prices brighten poultry firm LDC's profit outlook
French poultry group LDC expects its operating profit for the 2016/2017 financial year to rise 5 percent due to a drop in grain costs, it said on Wednesday.France's largest poultry processor warned in May, when grain prices were trading at multi-month highs, that it could post a slight fall in first-half results. But a reversal on the grain markets due to ample global supplies helped it post higher interim results on Wednesday. Click here to read full stories.
Nov 24 - Asian CPO Ends Higher on Expectations of Better Demand (Dow Jones)
Asian crude palm-oil prices continue the upward march on hopes of improved demand and a fall in production. Market watchers are hoping exports will be better as cargo surveyors get ready to release monthly palm-oil export estimates on Friday. Analysts are also hoping a fall in palm-oil production will lift the mood of the market. Benchmark palm-oil futures for January on the Bursa Malaysia Derivatives Exchange last traded 49 ringgit higher at 3,003 ringgit per ton at the end of the trading day Thursday.
Nov 24 - Le commerce mondial des produits laitiers subit des « vents contraires » ( Rabobank/ France Agricole )
Le commerce des produits laitiers affronte des vents contraires depuis trois ans, et cela devrait se poursuivre à l’avenir, résume la banque néerlandaise Rabobank, dans un rapport publié le 16 novembre.
Parmi ces coups portés à la filière, l’embargo russe, le ralentissement de la croissance chinoise (qui se réoriente vers des produits à plus forte valeur ajoutée), l’impact des faibles prix du pétrole sur le pouvoir d’achat des pays exportateurs de pétrole et un dollar fort ont tous eu un impact sur la demande, énumère la banque. L’accroissement de la production européenne faisant suite à la fin des quotas laitiers a ajouté aux difficultés.
Des hausses de prix à long terme « probablement limitées »
En 2015, le commerce a enregistré une maigre hausse de 0,3 % par rapport à 2014. Et au cours des trois prochaines années, la croissance du commerce des produits laitiers diminuera légèrement, prédit la banque. Résultat : une période de prix mondiaux extrêmement bas. Pour la Rabobank, ce contexte mondial signifie que « même si la volatilité des prix est susceptible de se poursuivre, les hausses de prix à long terme seront probablement limitées ».
Croissance difficile des exportations
Pourtant, à un moment où la demande mondiale est plus faible, des difficultés pèsent sur la croissance des exportations. Actuellement, l’expansion de la Nouvelle-Zélande est limitée par la disponibilité des terres, la production européenne se stabilise et les ambitions exportatrices des États-Unis sont limitées par une demande intérieure dynamique et un dollar fort. Le commerce de produits laitiers devrait également rester dominé par des routes régionales plutôt que mondiales. L’Asie est l’exception, âprement disputée par les exportateurs du monde entier. Mais à la suite de l’élection de Donald Trump, l’incertitude plane sur les renégociations ou les annulations des accords commerciaux internationaux.
« Mais peut-être même plus que ces dernières années, nous vivons dans des temps incertains où la nouvelle administration américaine, les relations incertaines avec la Russie, l’incertitude au Moyen-Orient, la performance économique chinoise, le Brexit, et le sort du TPP et TTIP (1) peuvent avoir un effet majeur sur le commerce des produits laitiers », conclut la Rabobank sur une note géopolitique pessimiste.
Nov 23 - Asian Crude Palmoil Ends Higher, Aided by a Weaker Ringgit (Dow Jones)
Asian crude palm-oil prices ended higher on Wednesday, boosted by a weaker ringgit and a firmer cash market. "A weaker ringgit is likely to boost demand for palm-oil in the short-term," says David Ng, an analyst at Philip Futures. He says prices will be range-bound between 2850 ringgit a ton and MYR2980 a ton in the next few days. Investors will also be watching out for the monthly export estimates to be released later this week. The Bursa Malaysia three-month benchmark palm oil contract last traded up MYR26 a ton at MYR2954 a ton.
Nov 23 - CME eyes adding St. Louis delivery point for corn futures
The CME Group Inc is considering adding a delivery point for its corn futures contracts in St. Louis, Missouri, and has delayed listing new contracts from a Dec. 14 kick-off until it makes a decision, the exchange said on Tuesday.If approved, St. Louis would be the southernmost delivery point and provide new options for farmers and traders along the lower Illinois River and the Mississippi River, said Fred Seamon, the CME's senior director of commodity research and product development. Click here to read full stories.
Nov 23 - EU considering halving crop-based biofuels by 2030 - draft
The European Commission is considering halving the maximum amount of crop-based biofuels used in transport after 2020 over concerns they increase rather than reduce carbon emissions, according to a draft seen by Reuters.While they reduce reliance on fossil fuels, crop-based biofuels are made from agricultural products such as sugar or rapeseed oil that could otherwise be used for human consumption or animal feed, leading to criticism that they cause indirect changes in land use. Click here to read full stories.
Nov 23 - South Africa maize farmers expected to plant 35 pct more than last season
South African farmers intend to plant 35 percent more hectares of maize than last season as improved weather conditions encourage them to sow, a Reuters poll showed on Tuesday.South Africa's Crop Estimates Committee (CEC) is expected to forecast the planted area at 2.62 million hectares, 35 percent higher than 1.947 million hectares planted last year, according to an average estimate of five trading houses polled by Reuters. Click here to read full stories.
Nov 23 - Syria tells Russia it needs fuel and wheat, wants more trade
Syria needs wheat and fuel to alleviate shortages and suffering caused by its civil war and wants to expand trade ties with Russia, the Syrian government told a high-level Russian delegation on Tuesday.An ally of Syrian President Bashar al-Assad, Russia launched air strikes to support his forces against anti-government rebels last September. The conflict, which is in its sixth year, has cost hundreds of thousands of lives and caused food and fuel shortages in many areas. Click here to read full stories.
Nov 23 - Indonesia 2017 wheat imports set to rise on corn restrictions
Indonesia's imports of wheat for animal feed could jump by about 36 percent to 3 million tonnes in 2017, an industry association said, if the government pushes forward with efforts to restrict corn imports.Indonesia has emerged as the world's second-largest wheat importer and its imports of the grain spiked this year after the country imposed tighter rules on corn imports.. Click here to read full stories.
Nov 23 - Campbell Soup's profit beats on lower costs
Campbell Soup Co, the world's largest soupmaker, reported a better-than-expected quarterly profit as the company kept a lid on costs, sending its shares up more than 5 percent on Tuesday.The company, which also sells Pepperidge Farm snacks and Prego pasta sauce, had initiated a restructuring and cost-saving drive last year to prepare itself for changing consumer trends that were affecting the food industry. Click here to read full stories.
Nov 23 - India to disburse $3.07 bln to farmers - official
The Indian government has allowed a state-run lender to disburse 210 billion rupees ($3.07 billion) to farmers to help them sow winter crops such as wheat, a top finance ministry official told reporters on Wednesday.Shaktikanta Das, economic affairs secretary, said the National Bank for Agriculture and Rural Development (NABARD) will disburse the money through farm cooperatives.Small farmers get 40 percent of their credit from cooperative banks, Das said. Click here to read full stories.
Nov 23 - Russia's Putin: will keep Western food ban as long as possible
Russia will make sure that its ban on some food imports from the West lasts as long as possible, President Vladimir Putin said on Tuesday.Russia banned imports of some fresh food from countries that imposed sanctions over Moscow's role in the Ukrainian crises in 2014. Click here to read full stories.
Nov 22 - Asian Crude Palmoil Ends Up, Guided by Rival Oils (Dow Jones)
Asian crude palm-oil prices ended Tuesday's trading session marginally higher, tracking gains in rival soy oil. Soybean oil is used as a substitute for palm oil, so the prices often move together. Market watchers are hoping that demand for palm oil will improve, as cargo surveyors Intertek Agri Services and SGS get ready to release data later this week. On Monday, monthly estimates released by Intertek Agri Services showed Malaysia's palm oil exports during the Nov. 1-20 period falling 8.25% from the previous month to 734,800 metric tons while SGS (Malaysia) Bhd. showed exports down 9.4% on month to 730,257 metric tons. David Ng, an analyst at Kuala Lumpur-based Philip Futures, expects palm oil prices to trade between 2,800 ringgit per ton and MYR2980/ton. The Bursa Malaysia three-month benchmark palm oil contract last traded up 11 ringgit at MYR2930 ringgit a ton.
Nov 22 - EU winter cereals not at risk despite tough sowing - MARS
The European Union has experienced some delays in sowing and emergence of winter cereals, but the situation is more favourable than for rapeseed, which has be severely affected by dry weather, the EU's crop-monitoring service said on Monday.Autumn sowing of soft wheat and barley was partly hindered by the dryness that disrupted earlier rapeseed planting in northwestern Europe while also facing excessive rain and lower than usual temperatures in some countries, the MARS service said in a monthly crop report. Click here to read full stories.
Nov 22 - Russia's slow grain exports raise doubts over 2016/17 forecast - SovEcon
Russia's grain exports remain slow so far for the marketing year which began on July 1, the SovEcon agriculture consultancy said on Monday, raising doubts about whether SovEcon's full-year forecast for 2016/17 will be met.The world's leading wheat exporter needs to raise 2016/17 grain exports by 5 million tonnes from the previous season to achieve SovEcon's forecast of 39 million tonnes and to avoid the record 2016 crop putting downwards pressure on domestic prices. Click here to read full stories.
Nov 22 - China grain buyers turn abroad as local suppliers fail to keep on trucking
A surge in Chinese corn prices after the government clamped down on the overloading of trucks has boosted demand for cheaper feed grains like sorghum and barley from top exporters the United States and Australia.Beijing launched a nationwide crackdown on overloading lorries in late September, hitting supplies of corn which usually have to be transported around the country from northern growing regions. Click here to read full stories.
Nov 22 - Philippines hopes to limit rice imports to 500,000 T in 2017
The Philippines hopes to limit rice imports to 500,000 tonnes next year, its agriculture minister said on Tuesday, as the government of President Rodrigo Duterte aims to be self-sufficient in rice production by 2020.Agriculture Secretary Emmanuel Pinol said he hoped the Philippines, one of the world's biggest rice importers, would not have to buy more than 500,000 tonnes of the grain next year as the prospects for farm output, including rice and fisheries, looked favourable. Click here to read full stories.
Nov 22 - Cash crunch puts brake on India's cotton exports; rivals to gain
Exports of 1 million bales of cotton from top producer India have been delayed after a government move to ban high-value currency notes prompted farmers, who prefer cash payments, to postpone sales, industry officials told Reuters.The supply crunch has driven up prices in India to levels higher than in the global market and could force buyers to switch to other producers like the United States, Brazil and African countries. It could also curb India's total exports in the 2016/17 year marketing year that started on Oct. 1. Click here to read full stories.
Nov 22 - Tyson Foods shares dive on CEO departure, dim 2017 forecast
Tyson Foods Inc shares tumbled more than 14 percent on Monday after the nation's biggest meat processor forecast lower-than-expected 2017 profit and said well-regarded Chief Executive Officer Donnie Smith would step down at the end of the year.Smith's departure surprised some on Wall Street, who regard him as the company's most successful CEO. Click here to read full stories.
Nov 22 - Smithfield Foods to buy Farmer John from Hormel
Smithfield Foods said it would buy parent of the Farmer John and Saag's Specialty Meats brands, and farm operations in three U.S. states from Hormel Foods Corp for $145 million in cash.Smithfield will buy Clougherty Packing as well as hog farm operations under PFFJ, or Pigs for Farmer John, in California, Arizona and Wyoming, expanding its supply chain in the United States. Click here to read full stories.
Nov 21 - Asian Crude Palmoil Ends Higher on Expectation of a Drop in Production (Dow Jones)
Asian crude palm-oil prices rise on hopes of a fall in production, despite lackluster export performance. Malaysia's palm-oil exports during November 1-20 were estimated to have fallen 8.25% from the previous month at 734,800 metric tons, according to figures released by cargo surveyor Intertek Agri Services on Monday. A Kuala Lumpur-based trader says prices were helped by price gains for rival oils trading on the Chicago Board of Trade and China's Dalian Commodity Exchange. However, weak demand from India due to its ongoing cash crisis might further affect exports, the trader adds. The Bursa Malaysia three-month benchmark palm oil contract last traded up 52 ringgit a ton at 2921 ringgit a ton on Monday.
Nov 21 - Ukraine 2016 grain harvest to hit record 64 mln T - minister
Ukraine's 2016 grain harvest will hit a record high 64 million tonnes, agriculture minister Taras Kutovy said on Friday, higher than an earlier estimate of 63 million."This year we will have an all-time high grain harvest of 64 million tonnes with a yield of 4.4 tonnes per hectare," Kutovy said at an agricultural conference. Click here to read full stories.
Nov 21 - EU wheat exporters eye euro to help offset bad French crop
The euro's slide to a one-year low against the U.S. dollar could lend a hand to EU wheat exports weakened by France's poor 2016 harvest and let Germany grab extra sales in major markets such as Algeria and Saudi Arabia, traders and analysts said.Wheat shipments from the European Union are tipped to fall sharply this season after top producer France suffered its worst crop in three decades, limiting exportable supply from the EU just as competition is stiffened by big harvests in Russia and the United States. Click here to read full stories.
Nov 21 - Cash crunch chokes off India palm oil imports
India's palm oil imports are expected to slip next month by up to a fifth, including from the top two producers Indonesia and Malaysia, as New Delhi's removal of high-value rupee notes from circulation disrupts distribution systems and curbs demand.Traders in Malaysia, India's largest palm oil supplier taking up half of its imports last year, say the absence of the large bills has already impacted sales. Indian buyers are delaying shipments and cancelling vessel space bookings, and the traders expect them to hold back further in the month ahead. Click here to read full stories.
Nov 21 - Tax breaks to spur Ivory Coast exporters to process cashews
Ivory Coast, the world's leading producer of cashew nuts, has added bonus payments to existing tax breaks to drive a rapid expansion in local processing of the crop, company and government officials said on Friday. Already the world's top cocoa grower, Ivory Coast more than doubled its cashew output from 350,000 tonnes in 2009 to over 702,000 tonnes last year when it surpassed India in terms of raw production. Click here to read full stories.
Nov 21 - Morocco's OCP and Ethiopia sign large fertiliser plant deal
Morocco's Office Cherifien des Phosphates (OCP), the world's largest phosphate exporter, signed a deal with Ethiopia on Saturday to build a $3.7 billion plant to produce fertilisers.The North African country's firms, including banks and insurers, have invested heavily in Sub-Saharan Africa in the past few years. Last month, OCP signed an agreement with Rwanda to build a blending unit. Click here to read full stories.
Nov 21 - French farmers close to finishing maize harvest, wheat sowing
French farmers have almost 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.Some 95 percent of the grain maize area had been harvested by Nov. 14, compared with 89 percent a week earlier and matching harvest progress at the same date last year, FranceAgriMer said in a weekly crop report. Click here to read full stories.
Nov 21 - Andersons testing corn for vomitoxin at Indiana ethanol plant -website
The Andersons Inc said it was testing every delivery of corn for vomitoxin from Monday at its ethanol plant near Clymers, in central Indiana, according to a company website on Friday.Vomitoxin, a plant toxin, can sicken animals and humans if eaten in large quantities. Its presence can be concentrated if infected corn is used to produce the ethanol byproduct of distillers' grains, an animal feed. Vomitoxin typically results from fungus that thrives when there is excess rain during corn's growing season. Click here to read full stories.
Nov 19 - 1 000 € pour les producteurs laitiers en difficulté (France Agricole)
En décembre, 23 000 éleveurs de bovins lait toucheront un acompte de 1 000 €, a annoncé vendredi Stéphane Le Foll. Sont concernés ceux dont les difficultés avaient été examinées en cellule d’urgence. Pour le secteur de la viande, une aide de 150 € par jeune bovin mâle « léger » commercialisé en janvier ou février 2017 sera mise en place.
C’est une nouvelle aide qui a été annoncée par le ministre devant la presse, lors d’un point d’étape sur la mise en œuvre du plan de soutien aux agriculteurs le 18 novembre. Stéphane Le Foll a annoncé le versement de 1 000 € à l’ensemble des producteurs de lait en difficulté d’ici à la fin de l’année. Ils devraient être 23 000 identifiés dans les cellules d’urgence à en bénéficier. Des réajustements pourront avoir lieu en début d’année. Il est à noter que cette aide n’est pas en lien avec celle à la réduction laitière, et ne concerne pas forcément les mêmes éleveurs. Un budget autour de 23 M€ y sera consacré, pris sur l’enveloppe de 100 M€ (49,9 M€ de l’UE + complément national de 49,9 M€).
Nov 18 - Asian CPO Prices End Tad Lower as Oil Falls (Dow Jones)
Bursa Malaysia palm oil prices ended the session slightly lower Friday following weakness in the crude oil markets. Further weighing on the market are concerns that India's cash crisis will result in a fall in imports from India, which is an important market for palm oil. The Bursa Malaysia 3-month benchmark palm oil contract ended down 7 ringgit a ton at 2869 ringgit a ton.
Nov 18 - Indian farmers fear lost crops and income after "black money" move
For Indian farmer Buddha Singh, who works a small plot of land in the village of Bajna south of New Delhi, the government's decision to abolish 500 and 1,000 rupee bank notes to crush the shadow economy could hardly have come at a worse time. He and millions of other farmers cannot get enough cash to buy the seeds and fertilisers they need for their winter crops, threatening production of key commodities and hurting rural communities only just recovering after two years of drought. Click here to read full stories.
Nov 18 - Informa raises US 2017 soy area forecast, cuts wheat -trade
Private analytics firm Informa Economics raised its projection of U.S. 2017 soybean plantings and trimmed its corn plantings forecast, two trade sources said on Thursday. The sources, who requested anonymity, said the firm also lowered its estimate of U.S. winter wheat plantings for harvest in 2017 to 33.761 million acres, from 35.421 million previously. Click here to read full stories.
Nov 18 - Black Sea region completes winter wheat sowing, with mixed results
Major Black Sea grain producers Ukraine and Russia have almost completed winter sowing, with Russia benefiting from good weather conditions whereas cold temperatures pose risks to Ukraine's crop, analysts and traders said. Favourable weather conditions in Russia have allowed farmers to increase the sowing area and they expect a good harvest, while poor weather in Ukraine has raised concerns about grain output next year. Click here to read full stories.
Nov 18 - China to lift grain output 10 pct by 2020, tackle rural pollution
China is aiming to increase its grain production capacity by 10 percent by 2020, even as it seeks to halt excessive use of fertiliser and pesticides and promote a more environmentally friendly farm sector. Ensuring self-sufficiency in major food crops is a top priority for China, the world's most populous country, but the government is also under pressure to tackle severe pollution plaguing its rural areas. Click here to read full stories.
Nov 18 - Indonesia palm output, exports likely rose in Oct
Indonesia's crude palm oil (CPO) output likely rose for a sixth month in October while exports were seen rising as buyers build up inventories. CPO production likely increased by 5.6 percent to 3.06 million tonnes, according to the median estimate in a survey of three industry associations and a state palm research firm. Click here to read full stories.
Nov 18 - S.Korea confirms highly pathogenic bird flu outbreaks, ramps up quarantine
South Korea has confirmed the country's first outbreaks of the highly pathogenic H5N6 bird flu virus and has ramped up quarantine measures in response, agriculture ministry officials said on Friday. The outbreaks occurred at two poultry farms in the central and southern parts of the country after the ministry reported last week that the H5N6 strain of the virus had been found in the faeces of migratory birds. Click here to read full stories.
Nov 18 - Fonterra lifts farmgate milk forecast to NZ$6 as global dairy prices recover
Dairy co-operative Fonterra, said on Friday it was lifting its forecast farmgate milk payout to NZ$6 per kilogram of milk solids (kgMS) as falling milk production boosted global dairy prices. Global dairy prices have risen more than 50 percent since July, prompting the New Zealand dairy giant to raise the forecast payout for the current season from a previously predicted NZ$5.25 kgMS. Click here to read full stories.
Nov 18 - CME to amend livestock futures options minimum listed range of exercise prices
CME Group plans to amend rules governing minimum listed range of option exercise prices for its livestock options contracts to reflect a percentage range relative to the options exercise values closest to the settlement price of the previous day's underlying futures contract, the exchange said on Thursday. The new rule will be effective Dec. 18 for trade date on Monday Dec. 19, the CME said. Click here to read full stories.
Nov 18 - Les éleveurs attendent mieux de Sodiaal (AFP-France Agricole)
La FDSEA et JA (Jeunes agriculteurs) de la Sarthe et de la Mayenne, à l’origine de la mobilisation, réclament une hausse du prix du lait à l’heure où « les marchés montrent enfin des signes de reprise » et « où la plupart des entreprises ont répercuté ce frémissement sur le prix du lait des derniers mois de l’année », peut-on lire dans leur communiqué.
Si Sodiaal a décidé il y a quelques jours, faisant suite à l’annonce de la manifestation, d’augmenter son prix de 10 €/1 000 l pour décembre, «nous sommes encore loin du compte », dénoncent les syndicats agricoles. « Nous attendons mieux. Comment une coopérative, appartenant donc aux producteurs de lait, peut-elle si mal rémunérer et considérer ses apporteurs de capitaux ? » s’interrogent les éleveurs laitiers, jugeant « impossible d’envisager une année 2017 similaire à 2016 et 2015 ».
Première coopérative laitière de France, Sodiaal est propriétaire des marques Candia, Yoplait et Entremont. Elle a réalisé 5 milliards d’euros de chiffre d’affaires l’an dernier. Pour tenir compte d’un « environnement économique difficile », elle a lancé en février un plan d’économies de 41 millions d’euros, qui porte notamment sur l’optimisation des achats.
Nov 18 - Asian Crude Palm Oil Tad Lower, Range Trade Continues (Dow Jones)
Asian crude palm oil prices drop slightly as prices have continued to range trade over the week as they look for new drivers. Palm oil prices have remained around historically high levels over the last few weeks as concerns remain about lower production and smaller-than-normal stock piles. The next key event for the market will be the release of export estimate data on Monday for the first 20 days of November. The Bursa Malaysia benchmark three-month contract is trading down 10 ringgit at 2866 ringgit a ton.
Nov 17 - Asian Crude Palmoil Ends Higher but Remains in Tight Range (Dow Jones)
Asian palm oil prices ended Thursday higher but remain in the reasonably tight range that they have traded in throughout the week. Continuing to support prices are ongoing concerns about low palm oil production in Malaysia and expectations that it could take until the second half of next year before stocks return to normal levels. The Bursa Malaysia benchmark 3-month contract is trading up 21 ringgit at MYR2876 a ton.
Nov 17 - U.S. grain exports slide after Trump win batters Mexican peso
Mexican demand for U.S. grain imports has slumped along with the country's sinking peso as buyers withdrew from the market amid soaring costs in the week since Donald Trump won the presidential election, traders and industry analysts said. Corn prices in pesos jumped more than 10 percent overnight for the top U.S. customer as the surprise election result sent the currency plunging to an all-time low against the dollar, they said. Click here to read full stories.
Nov 17 - Philippines has no urgent need to import more rice - planning agency
The Philippines has no urgent need to import more rice, the deputy head of the country's economic planning agency said on Thursday, despite concerns about a production shortage as a result of typhoons last month. Rose Edillon's comment comes after the Philippine Statistics Authority said paddy rice output from this year would be 1.3 percent lower than a 2015 harvest. The Philippines is one of the world's largest rice importers. Click here to read full stories.
Nov 17 - India acts to help farmers hit by black money crackdown
India's government on Thursday announced immediate steps to ease a cash crunch for farmers amid widespread criticism of Prime Minister Narendra Modi's shock decision to withdraw high-value bills in the middle of the sowing and wedding season. Farmers have been left stranded as traders have no cash to pay for their produce, while millions of Indians lined up outside banks and post offices for the ninth day to exchange old banknotes or withdraw rationed money from their accounts. Click here to read full stories.
Nov 17 - La Niña cycle halfway complete - what's next? – Braun
According to the latest forecasts, 2016/17 should be stamped in history as an official La Niña season. And although its relative weakness has somewhat downplayed its existence, La Niña is already halfway through its run. La Niña is the cool phase of the El Niño-Southern Oscillation, which is very closely monitored by commodity markets as ENSO is one of the most reliable long-term indicators of weather patterns on the global scale. Click here to read full stories.
Nov 17 - Brazil to support local wheat sales as prices slump
Brazil's government will provide financial support to local wheat sales after a record domestic crop depressed pricesand market activity, Agriculture Policy Secretary Neri Geller told Reuters on Wednesday. Geller said the government would spend around 150 million reais ($43.8 million) in programs to help farmers to sell up to 1.7 million tonnes of wheat to the local food industry. Click here to read full stories.
Nov 17 - Several countries impose import restrictions on German poultry over bird flu
Several countries have placed import restrictions on German poultry following outbreaks of bird flu in the country, German authorities said on Wednesday. Japan, South Korea, Hong Kong, Bosnia and Herzegovina and South Africa have put import restrictions on German poultry and poultry products, the German state government of Mecklenburg-Vorpommern said in a statement. Click here to read full stories.
Nov 17 - Canadian cattle group urges trade fight if Trump imposes unfair labels
Canadian cattle producers will urge Ottawa to retaliate against the United States if the incoming Trump administration imposes a meat labelling program it views as discriminatory, restarting a six-year trade battle, an industry group said on Wednesday. U.S. news network CNN reported on Tuesday that a memo drafted by President-elect Donald Trump's transition team, which it obtained, said the new administration would immediately initiate changes to the North American Free Trade Agreement (NAFTA) with Canada and Mexico. Those changes could include measures on country of origin labelling, CNN reported. Click here to read full stories.
Nov 16 - Asian Crude Palmoil Ends Higher on Hopes of Lower Output (Dow Jones)
Asian crude palm oil future prices end higher Wednesday, on expectations of lower output. Analysts are hoping a fall in palm oil production will lift the mood of the market. David Ng, an analyst at Philip Futures in Kuala Lumpur, expects prices to trade between 2800 ringgit a ton and MYR2920 a ton. Benchmark palm oil futures for January delivery on the Bursa Malaysia Derivatives Exchange traded 43 ringgit higher at MYR2885 per ton at
the end of the trading day.
Nov 16 - Pampered Canadian pigs feed Japan's hunger for pricey pork
On select Canadian farms, thousands of pigs bound for Japan are getting five-star treatment. Japan’s growing appetite for pricey pork cuts is driving Canadian and U.S. fresh pork exports to record levels, spurring producers to use every advantage to gain market share. Click here to read full stories.
Nov 16 - South African grain body sees surplus maize output in 2017
South Africa is likely to have a maize surplus next year as favourable weather conditions encourage farmers to plant more hectares after a devastating drought last season, the head of the largest grain producer group said on Tuesday. A good maize harvest would help lower food prices in Africa's most industrialised country, which in turn could help contain consumer inflation. Click here to read full stories.
Nov 16 - U.S. October soy crush third biggest monthly total ever - NOPA
U.S. soy processors posted the third heaviest monthly crush on record during October as a likely record soybean harvest provided ample supplies for plants around the country, the National Oilseed Processors Association said on Tuesday. NOPA said that its members crushed 164.641 million bushels during October, well above trade forecasts and up 3.6 percent from October 2015. In September, the NOPA crush totaled 129.405 million bushels. Click here to read full stories.
Nov 16 - Philippines says 2016 paddy rice output to be lowest in three years
The Philippines said on Wednesday its paddy rice output is now expected to hit 17.91 million tonnes in 2016, the lowest in three years and below a July forecast of 18.135 million tonnes, due to crop losses from an El Nino dry spell and typhoons. The Philippines, one of the world's biggest rice importers, could buy another 250,000 tonnes of rice in addition to the 250,000 tonnes purchased recently from Vietnam and Thailand, if it sees a need to boost state buffer stocks. Click here to read full stories.
Nov 16 - Soy weighing down palm in vegoil market: Braun
The global vegoil market has been building strength since July, but some bearish factors are starting to nudge their way in. Benchmark Malaysian palm oil futures for January jumped last week on currency and fundamental factors, but they have been weighed down by soy-based competitors, particularly Chicago-traded soyoil and China's Dalian Commodities Exchange soyoil. Click here to read full stories.
Nov 16 - GrainCorp annual profit drops after smaller Australian crop
Australia's largest listed bulk grain handler GrainCorp Ltd said on Wednesday annual net profit fell 3.7 percent, at the upper end of its guidance, as it contended with a smaller crop and lower volumes. The company said net profit came in at A$30.9 million ($23.33 million) for the year to Sept. 30, down from A$32 million the previous year. Underlying net profit, which does not include one-off items like restructuring costs, rose 18.4 percent to A$52.7 million. In February, GrainCorp said it expected annual underlying profit between A$40 million and A$55 million. Click here to read full stories.
Nov 16 - German rapeseed sowings for 2017 crop seen up 1.5 pct on year
Germany's winter rapeseed sown area for the 2017 harvest has been expanded by 1.5 percent on the year to around 1,350,000 hectares, German oilseeds industry association UFOP estimated on Tuesday. A survey commissioned by UFOP of 6,500 German farmers said that rapeseed sowings had originally been expanded by 2.4 percent to about 1,364,000 hectares. Click here to read full stories.
Nov 16 - Bangladesh to scrap wheat import tender
Bangladesh will cancel an international tender to import 50,000 tonnes of wheat, citing higher prices, two officials from the state grains procurement agency said on Wednesday. Singapore-based Agrocorp made the lowest offer of $248.26 a tonne, including CIF liner out, in the tender, which was the first for the current fiscal year that began in July. Click here to read full stories.
Nov 16 - Expect more bird flu cases in Europe and in the U.S., OIE says
More outbreaks of a severe strain of bird flu in Europe are likely to occur in the next few weeks as wild birds believed to transmit the virus migrate southward, the deputy head of the world animal health body said on Tuesday. North America, especially the United States where bird flu last year led to the death of about 50 million poultry, should also prepare for new cases, said Matthew Stone, Deputy Director General of the World Organisation for Animal Health (OIE). Click here to read full stories.
Nov 15 - Asian Crude Palmoil Ends Lower on Weak Export Performance (Dow Jones)
Asian crude palm oil prices end lower Tuesday, weighed down by sluggish export performance. Monthly estimates released by cargo surveyor Intertek Agri Services showed palm oil exports for the first 15 days of November falling 17% on month. Weak demand for palm oil from top consumers China and India will continue to be a cause of concern for investors, traders say. Benchmark palm oil futures for January on the Bursa Malaysia Derivatives Exchange last traded 23 ringgit lower at MYR2,829 per ton.
Nov 15 - French farmers near end of maize harvest, wheat sowing
French farmers had gathered 89 percent of this year's grain maize crop by Nov. 7, up from 79 percent a week before, FranceAgriMer said on Monday, as a weather-hit harvest in the European Union's top grain grower reached its final stages. Field work lagged last year, when 90 percent of the crop had been gathered by the same stage. However, the median date for 2016's harvest was four days ahead of the average of the past five years, the French farm office's weekly crop report said. Click here to read full stories.
Nov 15 - Canadian canola meal sales to China spike to 5-year high
Canadian canola meal shipments to China have jumped to their highest level in five years, boosting profits of crush plants and firming prices as farmers slog through a difficult harvest. Canada shipped 415,000 tonnes of canola meal to China from January through August, the most since 2011 and following zero shipments last year, according to Canadian Oilseed Processors Association (COPA). The shipments are worth C$132.1 million. Click here to read full stories.
Nov 15 - Russian wheat export prices rise as farmers hold on to supplies
Russian wheat export prices have risen for the eighth consecutive week due to farmers hanging on to supplies in anticipation of rising prices, analysts said on Monday. Egypt, the world's largest wheat importer, bought 240,000 tonnes of Russian and Romanian wheat in a tender last week, traders said. Click here to read full stories.
Nov 15 - Iran weighing wheat export, import needs - industry group
Iran aims to ramp up wheat exports to clear a hefty surplus supported by a government self-sufficiency drive, but may continue to import some wheat to meet the quality requirements of local millers, an industry group said on Monday. The government has prioritised wheat - a heavily consumed staple in Iran - in domestic grain production in the face of declining water resources, and has said it hopes to revive exports after calling a halt on imports earlier this year. Click here to read full stories.
Nov 15 - S.Korea to buy 299,000 T surplus rice to ease oversupply
South Korea said on Tuesday it will buy 299,000 tonnes of this year's rice surplus in an effort to ease oversupply and stablise the domestic rice market in a bumper year. Asia's fourth largest economy produced nearly 4.2 million tonnes of rice this year, down 3 percent from last year's 4.33 million, but still supply outstrips demand due to low consumption, the country's agriculture ministry said in a statement citing Statistics Korea data released on Tuesday. Click here to read full stories.
Nov 15 - Malaysia to defer implementation of higher biodiesel mandate
Malaysia will defer implementation of its higher biodiesel mandate to a later date, without specifying when, the country's Minister of Plantation Industries and Commodities Mah Siew Keong said in a statement on Tuesday. Mah said after taking into consideration the difference between crude palm oil and diesel prices in the current volatile market, the implementation of the biodiesel mandate will be deferred to a later date. Click here to read full stories.
Nov 15 - Brazil JBS posts 74 pct drop in 3rd-qtr profit
Brazil's JBS SA , the world's largest meat processor, on Monday posted a 74 percent drop in third-quarter profit compared with the same quarter a year ago, due to reduced net sales and rising financial costs. Net profit for the company fell to 887.1 million reais ($258 million) in the three months ended in September, down from 3.44 billion reais a year ago and 1.54 billion reais in the second quarter, JBS said in a market filing. Click here to read full stories.
Nov 15 - Asian Crude Palmoil Trading up Ahead of Palm Oil Estimates (Dow Jones)
Asian crude palm oil prices are trading higher ahead of the release of Malaysia palm oil export estimates from cargo surveyor Intertek and SGS later in the session. With palm oil stocks low and production now at a seasonal low, investors are waiting to see whether exports will continue to deplete stocks or whether they have fallen too. The Bursa Malaysia three-month palm oil contract is trading up 31 ringgit at 2883 ringgit a ton.
Nov 14 - Asian Crude Palmoil Trading Lower to Reverse Friday's Gains (Dow Jones)
Asian CPO is trading sharply lower, reversing much of the gains seen Friday, amid volatility in the Malaysian ringgit, which had strengthened earlier to make the commodity nominally cheaper. The Bursa Malaysia benchmark 3-month contract ended the session trading down 122 ringgit a ton at MYR2852 a ton.
Nov 14 - Egypt Export and Import Control body to lead wheat inspections
Egypt's General Organization for Export and Import Control (GOEIC) will replace the quarantine as the body responsible for inspecting strategic agricultural imports, according to a new government decree, after a standoff over wheat hampered trade. The decree, issued by the prime minister and published in the official gazette on Sunday, said the GOEIC would have sole responsibility for inspecting wheat and other important agricultural goods and any such imports would require its approval. Click here to read full stories.
Nov 14 - China seeks to soothe concerns over illegal GM crops
China's tough supervision of unapproved genetically modified (GM) crops will allow for commercialisation of such foods in the future, said an agriculture ministry official this week, defending a recent crackdown on illegally grown GM corn. China has spent billions on research of biotech crops, but it has not yet approved the planting of any GM varieties of staple food crops amid deep-seated consumer opposition. Click here to read full stories.
Nov 14 - India's vegoil import growth slowest in years on bumper harvest
India's vegetable oil imports are expected to have risen by less than 1 percent in the year to October, the slowest rate of growth in at least six years, as good monsoon rains boosted local output of oilseeds, the main industry body told Reuters. The world's biggest importer of the cooking medium spends more than $10 billion buying it every year, but a surge in local output of soybean, groundnut and sunflower is seen to have helped the country keep a lid on that bill without cutting consumption. Click here to read full stories.
Nov 14 - New bird flu outbreaks reported in Germany and Switzerland
Germany and Switzerland reported new outbreaks of a severe strain of bird flu on Saturday in the latest in a series of cases across Europe. The H5N8 virus has also been found in Austria, Hungary, Poland, the Netherlands, Denmark and Croatia. Click here to read full stories.
Nov 14 - Indonesia to allow live cattle imports from Mexico, Brazil, Spain -trade minister
Indonesia plans to allow live cattle imports from Mexico, Brazil and Spain in order to stabilize domestic beef prices, the country's trade minister said on Friday. "Your prices keep going up and don't come down, that's why we've opened up imports from other sources," Trade Minister Enggar Lukita told reporters, referring to recent discussions with his counterpart from Australia, Indonesia's top supplier of live cattle. "Brazil is so far away and yet its [cattle] are cheaper than Australia's," he said. Click here to read full stories.
Nov 14 - Norway salmon price seen rising 69-70 crowns next week
The average price of Norwegian farmed salmon is expected to jump around 5-6 crowns to 69-70 crown per kilo next week due to lower produced volumes, industry sources told Reuters on Friday. "Prices are sharply up, a 4-5 kilo salmon is priced at 68-69 crowns in Oslo next week or close to 70. I assume that will be the average price as well," said one producer, who declined to be named. Click here to read full stories.
Nov 11 - Asian CPO Ends Higher as Lower Stocks Lift Investor Sentiment (Dow Jones)
Asian crude palm-oil prices continue their upward march amid low inventory levels in top-producers Malaysia and Indonesia. Data released by the Malaysia Palm Oil Board data show palm oil stocks in October were 44% below those levels seen a year earlier, at 1.6 million metric tons. In Indonesia, palm oil stocks in September were 52% below the level seen at the end of 2015, according to Indonesia's Palm Oil Association, or Gapki. On Friday, Malaysia crude palm-oil prices hit the highest level since August 2012, opening 7% higher at 3,089 ringgit a ton. The Bursa Malaysia benchmark January contract last traded MYR92 higher at MYR2986 a ton.
Nov 11 - Russia's 2017 grain crop prospects brighter due to large sowing area
Russian farmers have sown winter grains on the largest area of the last seven years and will plant more in the coming weeks, improving prospects for the 2017 crop, analysts said on Thursday. Farmers in Russia, a major global wheat exporter, produced a record grain crop in 2016 thanks to favourable weather and a weakening rouble currency, which boosted their revenue in the last two years. Click here to read full stories.
Nov 11 - FranceAgriMer cuts maize crop estimate to 26-year low
Farm office FranceAgriMer cut its estimate for this year's French grain maize harvest on Thursday to the lowest level since 1990 due to weather-hit yields and as it saw more of the crop being diverted for use as on-farm fodder maize. In monthly supply-and-demand forecasts for cereals, FranceAgriMer lowered2016 grain maize production to 11.8 million tonnes, 9.6 percent below last year's output and down from last month's forecast of 12.2 million tonnes. Click here to read full stories.
Nov 11 - Argentine soy planting area seen at 19.6 mln hectares - exchange
Argentine farmers are expected to plant 19.6 million hectares with soybeans this season, down 2.5 percent from the previous crop year as growers pile into corn and wheat, the Buenos Aires Grains Exchange said in its weekly report on Thursday. The exchange kept its 2016/17 corn planting estimate unchanged at 4.9 million hectares, which would mark a 27 percent expansion of corn area compared with the 2015/16 season. Also unchanged was the exchange's forecast of a 21 percent increase in wheat production to 12.5 million tonnes. Click here to read full stories.
Nov 11 - Rain delays Australia wheat harvest, could dampen exports
Rain is delaying the wheat harvest in parts of Australia, threatening to disrupt deliveries from the world's No.4 exporter of the grain to key markets such as India and Indonesia. Expecting a near-record crop of close to 30 million tonnes, exporters had sold new-crop wheat for shipment in November and December. Click here to read full stories.
Nov 11 - Malaysia's end-Oct palm stocks rise as exports decline, imports build
Palm oil stockpiles in Malaysia at the end of October registered a marginal rise as exports dipped from a month ago and as imports increased. Rising inventories could dampen benchmark palm oil prices, which rose to the highest in over two-and-a-half years on Tuesday. Palm future were down 1 percent at 2,816 ringgit ($663) per tonne at the midday break on Thursday. Click here to read full stories.
Nov 11 - World food prices edge up in October – FAO
World food prices edged up in October to continue an upward trend since January, the United Nations food agency said on Thursday, adding that prospects for global cereal output had improved. Barring a slight dip in July, the Food and Agriculture Organization's (FAO) food price index has steadily increased from a seven-year low hit in the first month of this year. Click here to read full stories.
Nov 11 - U.S. forecaster sees La Niña likely to persist in coming months
A U.S. government weather forecaster on Thursday said that previously predicted La Niña conditions have arrived and are slightly favored to persist into the Northern Hemisphere winter 2016-17. The Climate Prediction Center (CPC), an agency of the National Weather Service, in a monthly forecast said it observed La Niña conditions during October and sees a 55 percent chance they will persist through the winter. Click here to read full stories.
Nov 11 - Canada dairy farmers say Europe trade deal payout falls short
The Canadian government said on Thursday that it would spend C$350 million ($259.88 million) to help its dairy sector compete against increased European imports allowed under a free trade deal, but the amount falls short of farmers' expectations. The money includes C$250 million over five years to help farmers update equipment, and C$100 million over four years to help dairy processors modernize operations, Agriculture Minister Lawrence MacAulay said in a statement. Click here to read full stories.
Nov 11 - Prix du lait: Sodiaal serait prêt à lâcher 10 €/1 000 l (France Agricole)
Alors qu’un appel à mobilisation a été lancé devant l’usine Yoplait dans la Sarthe, Sodiaal aurait déjà réagi en proposant une augmentation du prix du lait de 10 €/1 000 l en décembre. La FDSEA et JA n’ont pas encore décidé s’ils maintiennent ou annulent le rassemblement.
« Sodiaal, ça ne passe pas ! », annonce un appel à mobilisation de la FDSEA et des JA de la Sarthe du jeudi 10 novembre 2016. Les deux syndicats appellent les agriculteurs à se réunir dans la soirée du mercredi 16 novembre devant l’usine Yoplait du Mans. « Les annonces faites dernièrement laisse présager que la moyenne annuelle de Sodiaal sera en dessous de Lactalis », reprochent les deux syndicats à la coopérative, rappelant qu’Agrial et La Prosperité Fermière ont augmenté leur prix sous la pression des agriculteurs.
Cet appel à manifester semble déjà porter ses fruits. De source syndicale, après s’être réunies, les instances de la coopérative proposeraient aux agriculteurs une revalorisation de 10 €/1 000 l en décembre. Mais cette revalorisation ne suffit pas à lever la menace de blocage qui plane sur l’usine du Mans.
« On se pose la question de savoir si on y va quand même, explique Étienne Fourmont, responsable de la section laitière des JA de la Sarthe. 10 €, ce n’est pas ça qui va sauver la trésorerie, mais ce n’est pas ridicule non plus. » Les syndicats se donnent le weekend pour réfléchir au maintien ou non de la mobilisation.
Nov 11 - Asian CPO Sharply Higher on Low Inventories, Weaker Malaysia Ringgit
Malaysia crude palm oil prices touched their highest level since 2012 as palm oil inventories in both Malaysia and Indonesia remain low and the Malaysian ringgit weakens.
The Bursa Malaysia benchmark 3-month contract opened up 7% at 3,089 ringgit a ton, the highest level it has been since August 2012. It has since fallen back slightly and is now trading at 3,056 ringgit a ton.
Prices have remained high in recent weeks because of concerns about tight supply in the market as production of the commodity, used in everything from cookies to lipstick, has yet to return to normal levels having been hit by dryer-than-normal weather at the end of 2015 and into 2016.
Data released Thursday shows that production has started to improve in the world's two largest palm-oil producing countries but stocks remain well below levels seen a year ago. The Malaysia Palm Oil Board data shows palm oil stocks in October were 44% below those levels seen last year at 1.6 million metric tons. In Indonesia, palm oil stocks in September were 52% below the level seen at the end of 2015, according to data released by Indonesia's Palm Oil Association, or Gapki. It did not release palm oil stock data for individual months in 2015.
Crude palm oil prices are supported by still-low inventory but the gains are capped by rising production, said Nomura analyst June Ng in a note. However, she forecasts that prices over the next three months will likely trade in range of 2,500 to 2,600 ringgit a ton.
Furthermore, helping palm oil prices Friday is a move sharply lower in the Malaysia ringgit against the U.S. dollar in early Asia trading as this makes the futures contract nominally cheaper. The benchmark contract is denominated in ringgit, while spot prices are in U.S. dollars - as a result the contract often has to move to allow for this.
The Malaysia ringgit is currently down 2.6% against the U.S. dollar, according to Factset.
Nov 11 - Asian CPO Remain Supported by Low Inventory Levels (Dow Jones)
Asian crude palm oil prices remain supported by low inventory levels in Malaysia, but any upside is likely capped by increases in production, says Nomura analyst June Ng in a note. "For the next three months, we believe the CPO price is well supported by the still low inventory level." However, Nomura forecasts that prices will trade in a range of MYR2,500-MYR2,600 per metric ton. It adds that it expects the 2017 CPO price trending to normal levels with continued improvements in production. The Bursa Malaysia benchmark 3-month palm oil contract closed Thursday up MYR49 a ton at MYR2894 a ton.
Nov 10 - Asian Crude Palmoil Ends Higher on Fall in Output (Dow Jones)
Asian crude palm-oil prices ended higher on Thursday, supported by lower production that lifted investor spirits. Data released by the Malaysian Palm Oil Board showed lower production and lower inventories for the month of October. The rise in palm-oil prices come despite sluggish exports performance, with cargo surveyor Intertek Agri Services estimating palm-oil exports to be down 15.7% on month at 355,065 metric tons, while SGS (Malaysia) Bhd. estimated exports to be down 13.8% on month at 347,760 metric tons. "Overall, investors seem enthusiastic about the fall in production," says a Kuala Lumpur-based trader. He expects prices to trade between 2,820 ringgit a ton and MYR2950 a ton. The Bursa Malaysia benchmark January contract settled 48 ringgit higher at MYR2893 per ton.
Nov 10 - USDA's new corn, soy yield view to hang over grains markets
The U.S. Department of Agriculture is likely to stick to its forecast on Wednesday for gains in 2016/17 corn and soybean crop yields, which would add hundreds of millions of bushels of grain to a stockpile that has weighed on prices for months, historical agency data show. The government has only changed its November corn yield projections by 2 percent or more five times since 1974, most recently in 1993. For soybeans, that size of an adjustment has been made 11 times going back to 1965. Click here to read full stories.
Nov 10 - U.S. corn, soy yields unlikely to shock in January: Braun
If the old adage "big crops become bigger" rings true, the bearish supply narrative for U.S. corn and soybeans will flourish all the way into January, and possibly beyond. In its monthly crop production report on Wednesday, the U.S. Department of Agriculture struck down analysts’ assumptions of a shrinking domestic corn crop with a yield projection of 175.3 bushels per acre, some 1 percent higher than both last month’s estimate and market expectations. Click here to read full stories.
Nov 10 - EPA approves Monsanto's dicamba weed killer
U.S. seeds and agrochemicals maker Monsanto Co has secured approval from the U.S. Environmental Protection Agency for a new dicamba-based weed killer designed for its next generation biotech soy and cotton varieties, the company said on Wednesday. While approval had been expected, it is seen as a major step forward for the company's newest herbicide tolerant products amid rising problems in the U.S. farm belt with weeds resistant to glyphosate, the main ingredient in Monsanto's Roundup weed killer. Click here to read full stories.
Nov 10 - Argentina 2016-17 soy output seen at 52.5 mln tonnes -exchange
Argentine farmers will harvest an estimated 52.5 million tonnes of soybeans in the 2016-17 crop year, the Rosario grains exchange said on Wednesday in its first soy crop estimate of the season. The country is the world's No. 3 soybean exporter and top supplier of soymeal livestock feed. Click here to read full stories.
Nov 10 - Egypt's strategic reserves of rice enough to cover local needs for 16 months
Egypt's strategic reserves of rice are enough to cover local needs for 16 months, Ragab Shehata, head of the Rice Division at the Federation of Egyptian Industries, told state news agency MENA on Wednesday. The average price for rice is now 5 Egyptian pounds ($0.2899) per kg, Shehata said. Egypt has faced a shortage of rice as traders began hoarding rice, causing prices to surge. Click here to read full stories.
Nov 10 - U.S. biofuels credit prices whipsaw after surprise Trump victory
The niche market for paper credits to comply with the U.S. biofuels program jerked lower on Wednesday in response to the surprise presidential victory of Republican Donald Trump, perceived to be favorable to oil companies. A Trump administration could signify change for the country's controversial Renewable Fuel Standard (RFS), the more than decade-old policy that's been a bedrock of two presidential administrations. Though he expressed support for ethanol along the campaign trail, the Republican is seen as being heavily in favor of fossil fuels and reduced regulation. Click here to read full stories.
Nov 10 - Japan repeats 60 pct chance of La Nina continuing through winter
Japan's weather bureau repeated in its monthly forecast on Tuesday that it estimated that there was a 60 percent possibility that the La Nina weather pattern would last through the winter months of December to February. There was a 40 percent chance that it would return to normal conditions during the winter, it added. Click here to read full stories.
Nov 10 - K+S sees 2016 profit at lower end of forecast
German potash miner K+S said it sees 2016 profits at the lower end of its forecast range after swinging to a third-quarter operating loss on lower fertiliser prices, production disruptions and weak demand for de-icing salt. K+S reported on Thursday a third-quarter loss before interest and tax (EBIT), adjusted for currency hedging effects, of 31 million euros ($34 million), compared with a loss of 32 million euros expected on average by analysts. Click here to read full stories.
Nov 10 - Asian Crude Palmoil Likely to Open Higher on Investor Optimism (Dow Jones)
Asian crude palm-oil futures prices are likely to open higher Thursday in anticipation of a fall in production and improved demand. Investors are looking forward to a significant crop report that will highlight production for the month of October, as well as data by cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd., which will release monthly palm-oil export estimates for the first 10 days of this month. The numbers will "clearly determine the mood of the market, going ahead," says a Kuala Lumpur-based trader. The Bursa Malaysia benchmark January contract settled 4 ringgit lower at MYR2839 per ton on Wednesday.
Nov 10 - La hausse du prix du lait se confirme (France Agricole)
Selon la dernière mise à jour de l’Observatoire européen, le prix moyen du lait dans l’Union européenne a grimpé de 5,2 % entre août et septembre 2016. Il atteint 277,9 €/t. La Commission table sur une nouvelle augmentation, mais plus modeste, en octobre : de l’ordre de 1,8 %, pour atteindre 282,8 €/t.
Nov 09 - Asian Crude Palmoil Ends Slightly Down on Production Worries (Dow Jones)
Asian crude palm-oil prices end marginally lower Wednesday, weighed by bearish sentiment by leading analysts during a palm oil conference in China. Industry analyst Dorab Mistry said palm-oil production in Malaysia will likely be better than expected and will likely to be higher than in September. However, "a tight supply at immediate front will keep the market sentiment high," says David Ng, analyst at Philip Futures in Kuala Lumpur. He expects palm-oil prices to trade between 2780 ringgit a ton and MYR2880 a ton. The Bursa Malaysia benchmark January contract last traded MYR4 lower at MYR2839/ton.
Nov 09 - Agrial trouve un terrain d’entente avec les éleveurs (France Agricole)
Des producteurs laitiers bloquaient depuis lundi après-midi l’accès à une laiterie à Condé-sur-Vire dans la Manche pour protester contre le prix du lait payé par Eurial, la branche lait de leur coopérative. Cette dernière a accepté de revoir à la hausse son prix de base. Pour la région Basse-Normandie, celle-ci atteint 4,00 €/1 000 l en novembre et 4,30 €/1 000 l en décembre.
Nov 09 - Brazil's new crop soy, corn to hit markets early in 2017
An early December start to harvesting of Brazil's record summer grain crop will send exports of soybeans and corn onto global markets sooner than normal this season, which could create headwinds for bullish positions on grains futures markets. Widespread early spring rains over the world's largest exporter of soybeans and second-largest exporter of corn allowed farmers to plant the summer crop weeks earlier than normal, and favorable volumes, frequency and distribution of rainfall point to bumper harvests. Click here to read full stories.
Nov 09 - French soft wheat exports at 9-year low in September - customs
French soft wheat exports outside the European Union fell sharply in September, to the lowest level for the month in nine years, customs data showed on Tuesday, showing the impact of a poor harvest in the EU's biggest grain producer. France shipped some 348,000 tonnes of soft wheat outside the bloc in September, the third month of the 2016/17 marketing season, down from 913,000 tonnes in August and 1.1 million tonnes in July, the data showed. Click here to read full stories.
Nov 09 - Logistic problems hit Ukrainian grain exports - traders
Ukrainian 2016/17 grain exports could be 7 million tonnes lower than originally expected due to logistical difficulties and some companies have already redirected shipments from Ukraine to other countries, traders said on Tuesday. Ukraine had planned to ship abroad around 41 million tonnes of grain in the 2016/17 July-June season versus around 39 million tonnes a season earlier. Click here to read full stories.
Nov 09 - Thai Navy to buy and help harvest rice as farmers struggle
The Thai navy will buy rice directly from farmers and assign naval ratings to help them harvest their grain, a navy spokesman said on Tuesday, the latest in a series of steps by the military junta to soften the impact of falling prices on farming communities. On Monday, the country's rice committee announced new loan schemes worth $514 million to help rice growers, as the junta looked to gain support in rural areas ahead of an election next year. Click here to read full stories.
Nov 09 - Warm autumn weather cools U.S. feed demand, worsening grain glut
Unseasonably mild weather around the United States is keeping pastures green and slowing feed consumption rates by livestock, exacerbating an animal feed glut that has dragged grain prices in many areas to the lowest levels in years. Feed grain sales that normally accelerate in November, when colder weather increases the appetites of cattle and hogs, have remained tepid. There is little hope for a bounce in the near term, analysts said. Click here to read full stories.
Nov 09 - Britain's rapeseed area seen at 13-year low - survey
Britain's rapeseed area for the 2017 harvest is forecast to fall to a 13-year low while wheat sowings are seen marginally lower, according to a survey issued by the Agriculture and Horticulture Development Board. The survey, conducted by the Andersons Centre, put Britain's rapeseed area at 557,000 hectares, down 4 percent from the prior season as problems with cabbage stem flea beetles curb plantings in the east of England. Click here to read full stories.
Nov 09 - Zimbabwe says has 321,000 tonnes of maize in strategic reserves
Zimbabwe's government is holding 321,000 tonnes of maize in strategic reserves, just over half of its optimal requirements and enough to last three months, the agriculture minister said on Tuesday. More than 4 million people require food aid this year after the southern African nation experienced its worst drought in a quarter century, which has worsened economic woes. Click here to read full stories.
Nov 08 - Asian Crude Palmoil Ends Higher on Better Demand Expectations (Dow Jones)
Asian crude palm-oil futures ended higher Tuesday, on general investor optimism about better demand from China and India. "There is growing expectation that exports in November are picking up," says David Ng, an analyst at Philip Futures brokerage in Kuala Lumpur. Cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd. will release monthly export estimates for the first 10 days of November later this week. Ng expects prices to remain range-bound between 2,700 ringgit per ton and MYR2,820/ton. Benchmark palm-oil futures for January on the Bursa Malaysia Derivatives Exchange last traded MYR58 higher at MYR2,847/ton.
Nov 08 - China October soy imports drop nearly 6 pct on year - customs
China, the world's top soybean buyer, imported 5.21 million tonnes of the oilseed in October, down 5.79 percent year-on-year, customs data showed on Tuesday. The volume was slightly below market forecasts of about 5.4 million tonnes after a relatively high level of imports the month before. Click here to read full stories.
Nov 08 - U.S. states join Dow-DuPont merger probe - sources
U.S. state attorneys general have joined a federal antitrust probe of the planned merger between DuPont and Dow Chemical Co, according to three people familiar with the matter, heightening risks to a deal that could help reshape the global farm industry. A separate group of state attorneys general are expected to join a probe of Bayer AG's $66 billion plan to buy Monsanto Co, one of the sources said. Click here to read full stories.
Nov 08 - Fund soyoil bets could fizzle without more bullish news – Braun
A tightening in global vegetable oil supply did not go unnoticed by market participants last week as bullishness in the overall Chicago Board of Trade soybean complex – led by soybean oil – built to a four-month high in the week ending Nov. 1. Hedge funds and other money managers extended their net long positions in CBOT soybean oil futures and options last week to the largest volume in more than 10 years, according to data from the Commodity Futures Trading Commission. Click here to read full stories.
Nov 08 - Russian wheat export prices rise for seventh straight week
Russian wheat export prices have risen for the seventh consecutive week amid strong demand for wheat from neighbouring Ukraine and slower sales from farmers who are holding onto their supplies, analysts said on Monday. Black Sea prices for Russian wheat with 12.5 percent protein content for November supply were at $179 a tonne on a free-on-board (FOB) basis at the end of last week, up $1 from a week earlier, Russian agricultural consultancy IKAR said. Click here to read full stories.
Nov 08 - Warm spell raises hopes as Canadian farmers race to finish harvest
Unusually warm temperatures in Western Canada are raising farmers' hopes of a strong finish to a growing season of highs and lows, easing investors' worries about the late harvest. Summer-like weather in Saskatchewan and Alberta, the two biggest wheat and canola-growing provinces in Canada - a top global exporter of both crops - allowed farmers to resume harvesting on the weekend after delays from last month's snow. Click here to read full stories.
Argentina soy, corn crop seen hardly hit by La Nina-related dryness
The La Nina climate pattern will have minimal impact on Argentina soy, wheat and corn-growing this season, setting the stage for ample harvests, local meteorologists said on Monday. The La Nina phenomenon tends to bring dryness to Argentina's Pampas farm belt. This can put upward pressure on world food prices by decreasing soy production in the world's No. 3 soybean exporter and top supplier of soymeal livestock feed. Click here to read full stories.
Nov 08 - U.S. cattle herd growth slows despite record corn harvest
Demand for corn to fatten up U.S. cattle is likely to climb in the short term, as ranchers send more breeding females to feedlots to reduce the number of calves coming into supply. But next year, corn consumption could decline as there will be fewer cattle as a result of the current heifer cull. Click here to read full stories.
Nov 08 - Asian Crude Palmoil Surging on Expectation of Malaysian Output Drop (Dow Jones)
Asian palm oil prices hits its highest level since March 2014 on expectations that palm oil production in Malaysia fell in October, a Kuala Lumpur-based trader says. Palm oil production has struggled to recover from a drought associated with an El Nino event that hit earlier this year. Malaysia three-month palm oil prices are trading up 32 ringgit a ton at 2821 ringgit a ton. It touched a high of 2836 ringgit a ton earlier in the session.
Nov 07 - Asian CPO Ends Higher on Hopes of Better Palm-Oil Demand (Dow Jones)
Asian crude palm-oil prices end higher Monday on expectations of improved export performance. Cargo surveyors are expected to release export estimates for the first 10 months of November later this week. "Investors will wait and watch before making any significant moves," says a Kuala Lumpur-based trader. Prices will trade mostly between 2,680 ringgit per ton and MYR2,800/ton in the next few days. The Bursa Malaysia benchmark January contract last traded 55 ringgit higher at MYR2,791 per ton.
Nov 07 - Thailand unveils $514 mln in rice loans as political tensions bubble
Thailand's rice committee announced new loan schemes worth $514 million on Monday to help rice growers struggling with falling prices as farmers of the grain become the new battleground between the junta and the opposition ahead of 2017 elections. Tumbling rice prices have sent the ruling junta scrambling to roll out rescue packages as both the military government and the opposition try to woo politically powerful rice farmers ahead of the vote expected by late next year. Click here to read full stories.
Nov 07 - China corn hits over 3-month high on hopes subsidies will boost demand
China corn futures rose as much as 1.5 percent to their highest since mid-July, before ending Friday down with smaller gains, amid hopes government subsidies would help boost demand and reduce bulging stockpiles of the grain in the country. However, analysts cautioned that the sharp spike in prices was unsustainable given supply still outstripped demand. Global prices are already struggling in a saturated world market, with benchmark Chicago corn futures mired near six-year lows as U.S. farmers grow a bumper crop. Click here to read full stories.
Nov 07 - Egypt sets local wheat price, slashes sugar import tariffs
Egypt's Supply Minister said on Friday his government would buy local wheat in the 2017 season at a set price of 450 Egyptian pounds ($30.00) per ardeb (150 kilos), ending speculation that a reform of the subsidy it gives wheat growers would take place. The decision to fix local wheat purchasing prices comes one day after Egypt's Central Bank floated the Egyptian pound as the government seeks to secure a $12 billion loan from the IMF. Click here to read full stories.
Nov 07 - Ghana's cocoa purchases totalled 200,000 tonnes in October
Cocoa purchases declared to Ghana's industry regulator Cocobod amounted to around 200,000 tonnes in October, the first month of the 2016/17 season, two senior government sources in the cocoa sector said on Friday. The officials gave no comparative figure from the previous season. However, the pace of the harvest, which opened on Oct. 1 with a 12 percent increase in the farmers' price, was roughly on a par with the estimated output in neighbouring Ivory Coast, the world's leading grower. Click here to read full stories.
Nov 07 - China to ramp up risk monitoring in agricultural futures
China will step up risk monitoring in agricultural futures to ward off excessive speculation and price manipulation, and is studying ways to deregulate the sector and open it to foreign investment, a senior market regulator said on Saturday. Fang Xinghai, vice chairman of the China Securities Regulatory Commission (CSRC), said China would encourage fundraising by futures brokerages via listings in domestic and overseas stock markets, as well as on China's New Third Board, the over-the-counter equity market. Click here to read full stories.
Nov 07 - EU regulators halt review of Dow, DuPont deal, await data
EU antitrust regulators have halted their scrutiny of the $130 billion merger of Dow Chemical and DuPont after the companies failed to provide crucial data, the European Commission said on Friday. The EU competition enforcer halted its investigation on Oct. 13, according to a filing on its website, the second time it has done so. Click here to read full stories.
Nov 07 - Asian Crude palmoil Hit by Moves in Soyoil (Dow Jones)
Asian palm oil prices took a hit last week as the prices of soyoil, which CPO competes with, fell, says Capital Economics in a note. Not helping the situation as well are "anecdotal reports" suggesting Malaysian palm oil inventories are rising in October, "owing to weak export demand and a small rise in production." The Malaysia Palm Oil Board will publish data for September on Thursday. Benchmark palm-oil futures for January on the Bursa Malaysia Derivatives Exchange closed down 38 ringgit recently at MYR2,736 a ton Friday.
Nov 04 - Asian Crude Palmoil Ends Lower on Demand Worries (Dow Jones)
Asian crude palm-oil prices end lower Friday, on renewed concerns of falling demand and high inventories. Export estimates released earlier this week by cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd. showed lackluster export performance for the month of October. The market will track numbers in a crop report due to be released next week, which will set the mood for investors, traders say. Benchmark palm-oil futures for January on the Bursa Malaysia Derivatives Exchange fell 38 ringgit recently at MYR2,736 a ton Friday.
Nov 04 - West European wheat sowings late but still on good track. Dry weather has delayed soft wheat sowing in western Europe but the area is expected to be generally stable on year in the absence of major weather problem, analysts said. In top producer France, which recorded a high water deficit for the fourth month in a row in October, winter wheat and barley sowings were running behind last year as of early last week, farm office FranceAgriMer said. Click here to read full stories.
Nov 04 - Agrium, Potash Corp investors back merger of fertilizer companies. Shareholders of Agrium Inc and Potash Corp of Saskatchewan Inc overwhelmingly approved an all-stock merger of the fertilizer producers on Thursday,shifting the focus to U.S. and Canadian regulators. More than 99 percent of Potash investors and 98 percent of Agrium shareholders voted in favor of the deal, the companies said at separate meetings in Saskatoon, Saskatchewan, and Calgary, Alberta, respectively. Reuters reported last month that shareholders were likely to give overwhelming backing for the deal. Click here to read full stories.
Nov 04 - Thailand's junta and ousted PM Yingluck seek rice farmers' support ahead of 2017 election. Thailand's politically powerful rice farmers are becoming the new battleground between the country's junta and ousted Prime Minister Yingluck Shinawatra, with both trying to woo their support amid concerns of a flashpoint ahead of 2017 elections. Yingluck on Friday attacked the military government's recent rescue packages worth at least $1.70 billion aimed at stabilisinglow rice prices as it tries to maintain stability ahead of the general election. Click here to read full stories.
Nov 04 - India to keep wheat import tax at 10 pct, private imports seen at 3 mln T
India will keep its wheat import tax unchanged at 10 percent and state-run traders will not import the grain for now, as the private trade is expected to buy up to 3 million tonnes this year, the highest in a decade, a senior government source said. India, the world's second-biggest wheat producer, lowered the import tax on the grain to 10 percent from 25 percent in September, helping private traders such as Cargill, Louis Dreyfus and Glencore to import large quantities to combat a looming shortage. Click here to read full stories.
Nov 04 - Sirius raises $1.2 bln for UK fertiliser project backed by Australian magnate
Sirius Minerals the UK company behind plans to mine the world biggest underground deposit of polyhalite, a fertiliser, has completed the first $1.2 billion phase of its fund-raising, it said on Thursday. The fundraising for the project in northeast England was already on the way to hitting its target after Austrialia's richest woman Gina Rinehart, last week poured $300 million into the firm, a step analysts read as a major endorsement of the potential for polyhalite. Click here to read full stories.
Nov 04 - Informa raises U.S. soy yield estimate to 52.4 bpa -trade
Informa Economics, a private analytics firm, on Thursday raised its estimate of the U.S. 2016 soybean yield to 52.4 bushels per acre (bpa), from 51.6 last month, three trade sources said. The sources, who requested anonymity, said Informa in a monthly report lowered its U.S. corn yield estimate to 174.0 bpa, from 174.5 bpa on Oct. 5. Click here to read full stories.
Nov 04 - Kazakhstan's grain exports rise to 2.414 mln T as of Oct 31
Kazakhstan's grain exports stood at 2.414 million tonnes as of Oct. 31, up from 2.243 million tonnes a year earlier, the agriculture ministry said on Friday. Kazakhstan, whose grain marketing year runs from July 1 to June 30, increased its exports to 8.369 million tonnes in the 2015/16 season from 6.444 million tonnes a year earlier. Click here to read full stories.
Nov 03 - Asian Crude Palmoil Ends Higher on Biodiesel Program (Dow Jones)
Asian crude palm-oil prices end a tad higher Thursday on news that the Malaysian government would start the B10 bio-diesel mandate from next month. The new standard would raise the minimum bio content of biodiesel taking up more palm-oil supplies and supporting local prices. "This is positive for the market as higher biodiesel mandate will increase consumption for palm-oil," says David Ng, an analyst at Philip Futures in Kuala Lumpur. He expects prices to trade between 2720 ringgit a ton and 2850 ringgit a ton. The Bursa Malaysia benchmark January contract last traded 16 ringgit higher at MYR2774/ton.
Nov 03 - Bunge expects bounce from record US harvest; shares surge
U.S. agricultural products trader Bunge Ltd said Wednesday it expects the record-large U.S. corn and soybean harvest to help its earnings rebound from a weaker-than-expected third quarter. The company's shares surged despite reporting disappointing results on Wednesday due to weather-reduced crops in South America, home to many of Bunge's elevators and processing plants. Click here to read full stories.
Nov 03 - Southern Brazil soybeans vulnerable to La Niña -Braun
Brazil may be on track to harvest a record soybean crop this year, just as had been expected last year. But last year's crop fell short of expectations, and the same thing could happen this year if La Niña rears its head in southern Brazil. Analysts polled by Reuters last week predicted that the world’s leading supplier of soybeans would harvest a record-large 102.8 million tonnes of the oilseed in 2016-17. Click here to read full stories.
Nov 03 - Thailand's junta seeks to reassure powerful rice farmers amid price
Thailand's military government has rolled out a series of rescue packages in a bid to help rice farmers, most of whom hail from the political heartlands of the government it toppled, amid tumbling prices of the grain. Farmers in Thailand, the world's second-largest rice exporter, have traditionally been politically powerful and many helped elect former prime minister Yingluck Shinawatra in 2011. Click here to read full stories.
Nov 03 - China to eliminate most open air grains storage to cut
China will eliminate more than 95 percent of its open air grains storage by 2020, according to a government document, as it seeks to clamp down on waste and modernise its agriculture sector. Top grains grower China produced 621 million tonnes of the farm crops last year but by some estimates as much as 100 million tonnes may be stored outdoors, leading to losses that threaten the nation's food security. Click here to read full stories.
Nov 03 - German cabinet approves draft law banning GMO crops
The German cabinet has approved a draft law banning cultivation of crops with genetically modified organisms (GMOs), government sources told Reuters on Wednesday. Germany had announced in September 2015 that it will ban cultivation of crops with GMOs under new European Union rules allowing member states to opt out of their cultivation. Click here to read full stories.
Nov 03 - Malaysia to implement higher biodiesel mandates from Dec. 1
Malaysia will implement higher biodiesel mandates for the transportation and industrial sector starting from Dec. 1. The so-called B10 programme, which requires a minimum bio content of 10 percent in biodiesel for the transport sector, will be rolled out in phases beginning with the state of Johor, according to an email sent by the Malaysian Palm Oil Board to industry participants and seen by Reuters. Click here to read full stories.
Nov 03 - Argentina agricultural workers demand pay hike, threaten disruptions
Agricultural workers at San Lorenzo, one of Argentina's key grain exporting ports, warned that they could disrupt operations if they do not receive a salary hike before the end of the year. Strikes and other labor protests are common in Argentina, where high inflation prompts wage increase demands from workers wary of losing purchasing power. Click here to read full stories.
Nov 03 - Fertilizer maker CF Industries posts first quarterly loss since 2010
U.S. nitrogen fertilizer producer CF Industries Holdings Inc on Wednesday reported a loss for the third quarter,its first in six and a half years, pressured by lower prices. Fertilizer prices have plunged this year amid declining U.S. farm incomes and ample supplies, even as CF completes expansion of nitrogen facilities in Louisiana and Iowa. Click here to read full stories.
Nov 02 - Asian Crude Palmoil Ends Slightly Higher but Sentiment Stays Weak (Dow Jones)
Asian crude palm-oil future prices end a tad higher Wednesday supported by mild buying activity. However, investors continue to remain concerned ahead of a crop report due to be released next week. The lackluster demand from top-buyers India and China as revealed by cargo surveyors Intertek Agri Services and SGS (Malaysia) earlier this week has also dampened the spirit of the market, traders say. David Ng, an analyst at Philip Futures in Kuala Lumpur, expects palm-oil prices to remain range-bound between 2700 ringgit a ton and 2850 ringgit a ton for the next few days. The Bursa Malaysia benchmark January contract last traded 24 ringgit higher at MYR2756/ton.
Nov 02 - ADM profit jumps on higher U.S. grain exports; shares rise
U.S. agricultural products trader Archer Daniels Midland Co on Tuesday reported a far better-than-expected third-quarter profit as higher U.S. exports of corn and soybeans boosted volumes and margins, sending shares up sharply. U.S. farmers have nearly completed what is expected to be the largest corn and soybean harvests on record, which should benefit ADM again in the current quarter. Click here to read full stories.
Nov 02 - Fonterra ramps up cream production targeted at Chinese consumers
Fonterra is ramping up production of its UHT cream, the dairy giant said on Tuesday, to meet growing demand from Asia for dairy produce that does not need refrigeration. The New Zealand co-operative said it was bringing forward the opening of a new production line, which would produce 40 million litres of whipping cream a year, to February. The production line had been originally scheduled to open in 2018. Click here to read full stories.
Nov 02 - INTL FCStone raises U.S. 2016 soy and corn yield estimates
Commodity brokerage INTL FCStone said on Tuesday it raised its estimate of the average U.S. 2016 soybean yield to a record 52.8 bushels per acre (bpa), from 52.5 in its previous monthly report. The firm raised its soybean production estimate to 4.386 billion bushels from 4.357 billion last month. INTL FCStone raised its forecast of the U.S. 2016 corn yield to 175.3 bpa, from its October figure of 175.2. The firm forecast U.S. corn production at 15.226 billion bushels, up from 15.163 billion last month. Click here to read full stories.
Nov 02 - Frost cuts Western Australia wheat, grain production by 15 pct -largest exporter
Frost damage across Australia's largest wheat-producing state has destroyed more than 15 percent of the total grain crop, Cooperative Bulk Handling Ltd (CBH) said on Tuesday. CBH, the country's largest grain exporter, said total grain output from Western Australia state during the 2016/17 season will be between 13 million and 14 million tonnes, down from a previous estimate of between 15 million and 17 million tonnes. Click here to read full stories.
Nov 02 - Global dairy prices rise as tighter supply boosts recovery
International milk prices rose in an auction held early on Wednesday, underscoring the growing recovery in prices. The Global Dairy Price index climbed 11.4 percent with an average selling price of $3,327 per tonne. Click here to read full stories.
Nov 02 - South African dams could take up to five years to recover from drought
South Africa's dams could take up to five years to recover even if the country experiences normal rainfall following a severe drought, authorities said on Tuesday, increasing the prospects of water rationing. Southern Africa has been affected by a severe drought that has prompted water restrictions by various municipalities, which have warned that water could be rationed if consumers do not heed calls to cut consumption. Click here to read full stories.
Nov 02 - California relaxes conservation rules as rain eases drought
California on Tuesday moved to ease water conservation rules for farmers in the northern and central parts of the state, a sign that a wet fall may portend an easing of the state's five-year drought. The decision to temporarily stop requiring mostly agricultural users from detailing how much they take from key watersheds comes as new data show that conservation among urban Californians was up slightly in September over August. Click here to read full stories.
Nov 01 - Asian CPO Ends Lower on Indicators of Slackening Demand (Dow Jones)
Asian crude palm-oil prices continue to fall, ending lower Tuesday hurt by dwindling export performance. Investor sentiment continues to remain weak amid "signs of weakening demand to major destinations China and India" following the release of palm-oil export estimates, says David Ng, an analyst at Philip Futures in Kuala Lumpur. Cargo surveyors Intertek Agri Services and SGS (Malaysia) reported on Monday a 6.9% and 5.1% drop in shipments for October 1-31. Ng expects CPO to trade range-bound between MYR2750/ton and MYR2850/ton. The Bursa Malaysia benchmark January contract last traded 29 ringgit lower at MYR2734/ton.
Nov 01 - Falling prices, borrowing binge haunt Midwest 'go-go farmers'
A third-generation farmer, Matt Gibson eyed a big expansion of his family’s business in late 2011, as grain prices soared in a searing Midwestern drought. By August of 2012, days before corn prices peaked, the Gibson family had borrowed nearly $18 million in a series of loans from Chicago-based BMO Harris Bank. Click here to read full stories.
Nov 01 - Is wheat undervalued on the futures market? -Braun
Given the world's ever-expanding inventories of wheat and corn, it seems hard to argue for higher prices for either one. Although the currently low wheat-to-corn price differential is particularly favorable for the use of feed wheat worldwide, support for Chicago wheat futures may lie within the fundamentals. Since Aug. 31, December wheat futures have tacked on 6 percent and December corn is up about 13 percent. But should the wheat contract be the one with the bigger gains? Click here to read full stories.
Nov 01 - U.S. soy glut from record harvest burdens farmers
U.S. farmers with nowhere to store their beans after three record harvests have been forced to try to unload their crops in a weakening cash market, where elevators and processors are slashing their offers, according to a survey of soy dealers. Buyers are cutting premiums to soy futures to the lowest levels in about seven years and some elevators are limiting delivery hours because their storage silos are already full - even before harvest has been completed. Click here to read full stories.
Nov 01 - U.S. soy harvest seen 87 pct complete, corn harvest 77 pct
The U.S. Department of Agriculture's weekly crop progress report should show the U.S. soybean harvest as 87 percent complete by Sunday and the corn harvest as 77 percent complete, according to the average forecast in a Reuters poll of nine analysts on Monday. Analysts' estimates of soybean harvest progress ranged from 83 percent to 90 percent while corn harvest estimates ranged from 72 percent to 85 percent. Click here to read full stories.
Nov 01 - Russian wheat rises on Ukraine price strength
Russian wheat export prices rose for the sixth consecutive week on support from higher prices in Ukraine, its rival supplier via the Black Sea, which has recently signed large deals with India, analysts said on Monday. Black Sea prices for Russian wheat with 12.5 percent protein content for November supply were at $178 a tonne on a free-on-board (FOB) basis at the end of last week, up $3 from a week earlier, Russian agricultural consultancy IKAR said in a note. Click here to read full stories.
Nov 01 - Russia looks lonelier as host of global grain meeting
A global grain forum hosted by Russia next month, the first of its kind in seven years, looks set to be snubbed by Western agriculture ministers as tensions rise over the Syria crisis. Three weeks before the World Grain Forum, to be hosted by the Agriculture Ministry in the Black Sea resort of Sochi on November 18-19, its public programme looks dominated by local officials and analysts. Click here to read full stories.
Nov 01 - Indonesia's 2016 rice output may rise to 79.14 mln-agriculture min
Indonesia's agriculture ministry official said on Tuesday, unmilled rice production in 2016 may rise to 79.14 million tonnes, up from 75.40 million tonnes last year. Corn production this year may rise to 23.16 million tonnes, up from 19.61 million tonnes, while soybean output is expected to fall to 885,580 tonnes in 2016, down from 963,180 tonnes the year before. Click here to read full stories.
Nov 01 - Thailand offers $1 bln loan to struggling jasmine rice farmers
Thailand's rice management committee said on Monday it will offer loans worth $1 billion to jasmine rice farmers struggling with falling prices, on a condition that they store the grain for six months to slow down market supply. The new rice harvest season is currently underway in Thailand, the world's second-biggest rice exporter, and the Southeast Asian nation expects output of the grain for the 2016/17 production year to come in at 25 million tonnes. Click here to read full stories.
Nov 01 - Ukraine to auction Odessa fertiliser plant on Dec 14
Ukraine will put its state-owned fertiliser plant in Odessa back up for auction on Dec. 14 at a starting price of 5.16 billion hryvnia ($203 million), the State Property Fund said on Monday. The auction of the Black Sea plant is the first big privatisation since a 2014 uprising brought in a pro-Western leadership in Ukraine and could be a test of the government's promise to implement economic reforms and tackle corruption. Click here to read full stories.