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.
Bumper corn and soybean harvests in the U.S. Midwest are stretching the system for moving crops from fields to markets beyond its limits this year, driving up export costs and crimping profits for farmers and grain dealers.
Julie Ingwersen and Karl Plume
, December 16, 2013
The Brazilian arm of U.S. commodities trader Archer Daniels Midland Co. expects to move 1 million metric tons of soy and corn through its new terminal at the mouth of the Amazon in 2014, according to the head of South American operations.
Reese Ewing and Gustavo Bonato
, December 16, 2013
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.
WASHINGTON — The nation’s two leading grain organizations on May 10 urged the Commodity Futures Trading Commission to institute a 30-day public comment period to provide time to assess issues related to announced plans by the InterContinental Exchange and CME Group to launch expanded electronic trading hours this month for grain and oilseed futures and options contracts.
National Grain and Feed Association
, May 10, 2012
Wheat closed last week ending April 19 mixed, with the winter wheat contracts ending with small losses to small gains while Minneapolis lost ground. For the week ending April 19, May Minneapolis was off 15 cents, May Kansas City was 5.5 cents lower and May Chicago was 1 cent higher.
President Barack Obama and Agriculture Secretary Tom Vilsack on Feb. 13 released a proposed fiscal year 2013 Agriculture Department budget that would eliminate the direct payment program and cut crop insurance but reinstate permanent disaster programs and increase competitive grants for agricultural research.
FARGO, N.D. — The North Dakota State Seed Department has denied a request by the Dakota Resource Council to block Canadian flax and flaxseed at the border because of potential contamination with genetically modified seed.
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