STAFF BLOG STORM TRACKER Guilin, China
An article I wrote for the Forum is in today's paper. This link will probably only be active through Labor Day, but I thought you may enjoy the article.
http://www.inforum.com/event/article/id... Posted on 9/6/09 at 3:00 AM
The use of satellite data has helped hone estimates of China’s crop production, but the global market still lacks reliable numbers on the country’s grain stocks, the U.S. Department of Agriculture’s chief economist says.
Beijing’s renewal of expired import certificates of several biotech corn strains last week is an encouraging sign that the U.S. and China will soon resolve the import dispute over an unapproved corn variety that has caused the rejection of several U.S. corn shipments, U.S. Agriculture Secretary Tom Vilsack said on Monday.
China will stick with policies to maintain food self-sufficiency and protect farmland from urban encroachment, dampening speculation that new reforms would give the market a bigger say in food supply and rural development.
About 3.33 million hectares (8 million acres) of China’s farmland is too polluted to grow crops, a government official says, highlighting the risk facing agriculture after three decades of rapid industrial growth.
Milk powder buyers in China are starting to cut their reliance on New Zealand’s Fonterra, opening the way for U.S. and European firms to break the dairy giant’s grip on an infant milk formula market set to double to $25 billion by 2017.
Adam Jourdan and Naomi Tajitsu
December 30, 2013
Australia’s beef exports are set to rise 7 percent in the current 2013 to ’14 season to a record high satisfying the appetite of Asia’s increasingly affluent population and cementing the country’s position as China’s top supplier of beef.
The wheat markets had losses of 15 to 20 cents last week, following along with the steep losses seen in the row crop markets. Noncommercial money was flowing out of the grain markets ahead of the holiday breaks and year-end.
PIERRE, S.D. — It is a long way from Parker, S.D., to China. I am fortunate to have had the opportunity to travel to China twice in the last eight months. Though the land area of the U.S. and China is fairly close, China has nearly four times the people: 1.4 billion. In recent years, the population in China has grown every month by the population of South Dakota. It’s mind boggling.
Pork exports were phenomenal last year, and the U.S. Department of Agriculture has forecast the same for this year. However, the bears are not so easily convinced. They were watching pork prices fall in China (our largest export market).
Wheat struggled last week, even with a friendly U.S. Department of Agriculture report. For the week ending April 12, May Minneapolis dropped 8.5 cents, May Chicago was 75 cents higher, and May Kansas City was off 9.5 cents.
The corn market was up 30 cents last week in old crop, while new crop contracts gained about 10 cents. Talk of increased exports to China provided direction to the market early last week, while the possibility of an early planting season due to warm weather in the Corn Belt was talked about through the second half of last week.
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