The February All Farm Products Index is 106 percent of its 2011 base, up 7.1 percent from the January index but 2.8 percent below the February 2013 index.
China’s approval process for GMO grains has become “overly political,” “unpredictable and nontransparent,” an American industry group said on Thursday, in the strongest criticism of Beijing’s biotech policy since China began rejecting thousands of metric tons of genetically modified corn last year.
Ministers in 12-nation Trans-Pacific trade talks said on Tuesday they had yet to reach agreement on tariffs and other market access issues, with the timing of a completed deal looking increasingly unclear.
The U.S. Department of Agriculture increased its estimate of U.S. agricultural exports to $142.6 billion for fiscal 2014, up $5.6 billion from November’s estimate and $1.5 billion higher than the previous record level in fiscal year 2013.
Wheat contracts had smaller gains last week, but were able to continue the recent uptrend.RELATED CONTENT
Canada had a big lentil crop in 2013 — 1.881 million metric tons, according to AgCanada — but it’s moving well.
Sagging crop prices, particularly corn prices, have farmers looking into other crops, including dry beans and other “small-market crops” that normally don’t get much attention.RELATED CONTENT
Picking up a gallon of milk at the grocery store is getting pricier and the cost could hit a record high for U.S. consumers in March, analysts warn.
The United States and Japan will aim to find common ground on sticking points such as agriculture and autos at the next round of negotiations on a Pacific Rim trade pact, the U.S. Trade Representative said on Saturday after top-level talks.
U.S. wheat ending stocks for 2013 to ’14 are projected 50 million bushels lower as higher than expected food use and exports more than offset an increase in projected imports.
WINNIPEG, Manitoba — Most Manitoba elevators are no bid. Some North Dakota elevators are no longer taking Canadian soybeans, as they are having the same rail transportation issues as western Canada.
Wheat contracts again had strong gains last week. The U.S. Department of Agriculture made a significant cut in projected ending stocks by increasing exports. Commercial buying and sharp losses in the U.S. dollar were supportive, as well. For the week, March Minneapolis gained 27 cents, March Chicago was up 22 cents and March Kansas City gained 27 cents.RELATED CONTENT
Agweek Editor Lisa Gibson delivers a preview of the Feb. 17 issue of Agweek, including a cover story about the railroad issues plaguing the region's agribusiness. We'll also cover what's next with the farm bill, preview the International Crop Expo and much more. Don't miss it.RELATED CONTENT
The U.S. Department of Agriculture’s monthly report of World Agricultural Supply and Demand Estimates was released today with market participants particularly eager to see four projections.
Oats are just another crop to get rid of now, along with every other grain. Now millers are dropping their price for oat products to their customers as the end users see the drop in farmgate levels and are starting to re-open standing contracts.