Commodities: Page 27

US corn crop 95 percent planted, soybeans 78 percent

U.S. farmers have planted 95 percent of their corn crop and 78 percent of soybeans, according to the U.S. Department of Agriculture’s (USDA) recent crop progress report.Texas is the first state to report 100 percent of its corn plantings completed, with Iowa, Missouri and Nebraska reporting 99 percent, Illinois at 98 percent and Indiana at 95 percent.

Wheat price rally expected to end soon

The biggest wheat price rally to start the year since at least 1960 will soon end, analysts say, as the world’s farmers are growing more wheat than ever.Global stockpiles of wheat on May 31 will be 5.8 percent larger than a year earlier, a Bloomberg survey of 15 analysts showed.

US wheat prices fall, soybeans near 1-month low

U.S. wheat fell on May 7, after climbing to its highest in 13 months, as a heat wave hit the plains states and political turmoil in Ukraine threatened to reduce supplies.Soybeans fell for a third consecutive session and was trading near the one-month low from May 6, due to rising global oilseed supplies and slowing demand from China.

Corn, wheat futures rise as tension in Ukraine builds

Chicago Board of Trade (CBOT) wheat and corn futures rose aspolitical strife in Ukraine led to fears of disruption of shipments from theBlack Sea, a key grain-exporting zone.Ukraine is a major exporter of wheat and corn. Wheat futureswere up 5.2 percent and corn futures were up 3.8 percent.

Corn, soybean, wheat export projections increased

The USDA’s monthly report of World Agricultural Supply andDemand Estimates (WASDE) was released February 10 with market participantsparticularly eager to see four projections. These include the projectionsof 2013-14 marketing year U.S. exports of corn and soybeans, and the projectionof the size of 2014 South American corn and soybean crops.

Grain futures mixed at week’s end

Grain futures were mixed at the end of the week of January 17, with wheat capping a seventh weekly decline. Corn also lost ground while soybeans advanced.

Rising export demand pushes wheat, soybeans higher

US soybeans and wheat futures rose January 13, with a pickup in export demand supporting both commodities, Reuters reported.Corn futures also closed higher, feeding off the strength of soybeans and wheat, but gains were kept in check by profit-taking after a 5 percent rally on January 10.

Brazil: 20% rise forecast in soybean and corn production through 2021

Brazilian soybean and corn production is forecast to grow by 25% over the next decade, informs the Ministry of Agriculture in the recently publicized study “Brazil - Agribusiness Outlook 2010/2010- 2020/2021” made in partnership with EMBRAPA. José Gasques, coordinator of Ministry of Agriculture’s strategic planning area and head coordinator of the study, says that the projected continuity of the commodities price rise will stimulate the production growth and, therefore, the attainment of the forecast increment.

How to predict the response of NSP enzymes in wheat-based diets

Wheat is a major staple in most poultry and pig diets, surpassed only by corn, worldwide. Yet, unlike corn, wheat is rather rich in non-starch polysaccharides (NSP) that are quite difficult, if not impossible, for monogastric animals (poultry and pigs) to digest efficiently.

Commodity Classic 2014 online reservations, hotel reservations open November 19

Online registration and housing reservations for the 2014 Commodity Classic, taking place in San Antonio, Texas, will open at 9 a.m. CST on Tuesday, November 19.The 2014 Commodity Classic will be held at the Henry B. Gonzalez Convention Center, along the banks of the famous River Walk.

USDA WASDE report shows strong pace of corn, soybean exports

In the September World Agricultural Supply and Demand Estimates (WASDE) report, the U.S. Department of Agriculture (USDA) forecast 2013-14 marketing year exports at 1.225 billion bushels for corn and 1.37 billion bushels for soybeans, said University of Illinois agricultural economist, Darrel Good.“The strong pace of exports and especially export sales so far this year has created expectations of larger forecasts in the WASDE report to be released on November 8,” said Good.

Animal Feed Manufacturing

Many farmers likely to shift from corn to soybeans in 2014

U.S. farmers are likely to plant less corn for the 2014 harvest, largely because the input costs will be too high. Chip Flory, editor of Pro Farmer, estimates that corn acreage could decrease by as much as 2 million acres in 2014.

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