European Union grain exporters will be the main beneficiaries of Russia’s pullback from international grain markets as Moscow races to cool domestic prices in the face of economic crisis, analysts and traders say.
Projected U.S. wheat supplies for 2014 to ’15 are up 10 million bushels for December with higher projected imports. Increased production and higher imports from Canada are expected to add to U.S. wheat supplies.
WINNIPEG, Manitoba — Lentil markets are moving as well as can be expected, given our deplorable quality. Overseas end users have now received their initial 2014 crop shipments, and they are not impressed. Processors took the flack on this year’s quality.
Wheat struggled to start last week, but managed to end the week with a strong session. For the week, March Minneapolis dropped 7.75 cents, March Chicago gained 3.5 cents and March Kansas City gave back 11.75 cents.RELATED CONTENT
Exporters of Russian wheat have cut prices to try to speed up sales abroad before the government possibly introduces curbs to replenish its own stocks and prevent rises in the cost of bread, traders and analysts say.
U.S. slaughter cattle prices this week may repeat last week’s slump as grocers balk at high-priced beef from packers who are operating their plants at a loss, traders and analysts said. Furthermore, less-threatening weather could temporarily keep cattle weights near record highs, providing more beef to the retail sector, they said.
With prospects for lack-luster returns for corn and soybeans in 2015, some farmers in the region are thinking alternative crops could fit into a new, profitable future.
Wheat started last week with strong gains, but gave back most of them the rest of the week. For the week ending Dec. 4, March Minneapolis gained 2.25 cents, March Chicago picked up 11.25 cents and March Kansas City dropped 4.5 cents.RELATED CONTENT
Wheat futures burst higher on Dec. 1 by about 20 cents.
American farmers could find it easier to deliver food, particularly perishables, to foreign customers under an agreement between India and the U.S. that was ratified by the World Trade Organization General Council, according to U.S. trade officials.
Planting, harvesting and marketing a crop isn’t easy. Raising and marketing livestock isn’t easy, either. But managing income taxes can get really difficult for farmers and ranchers.
It might not be a return to the 1980s credit crisis, but another ag lender survey shows a yellow light for “slow” in the region’s agricultural pace heading into 2015.RELATED CONTENT
WINNIPEG, Manitoba — Flax was the only prairie crop to be larger this year than in 2013, yet prices remain stubbornly strong. You can probably find $12.50 to $13 per bushel. That’s below the five-year average price, but above the nine-year average.
Wheat traded higher last week. For the week ending Nov. 26, December Minneapolis gained 15.25 cents, December Chicago gained 14.75 cents and December Kansas City gained 17 cents. As of 10:30 a.m. Nov. 28, wheat trade was 13 to 16 cents higher.RELATED CONTENT
Deere & Co. says it expects equipment sales to fall further as lower grain prices discourage farmers from buying tractors, harvesters and other machinery. Shares of the world’s largest farm equipment maker fell as much as 4 percent in premarket trading.RELATED CONTENT