Wheat had big gains last week as the Ukrainian situation has made traders nervous. As of the midday on March 7, May Minneapols had gained 43 cents on the week, May Chicago was up 49 cents and May Kansas City gained 45 cents.
Wild Oats subscribers were asked what they planted in 2013 and their intentions for 2014. The 2014 survey included 89 western Canadian farmers cropping 291,000 acres. Responses were received in February.
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.
Rachel Armstrong and Masayuki Kitano
, February 25, 2014
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.
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.
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.
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