Twitter

Welcome: Guest User

Register / Login

Agriculture & Softs Commodity News | Commodities News – Wheat, Corn, Coffee

Ethanol supporters struggle to preserve biofuel subsidies

Chicago, 16 May 2011

The 45-cent per gallon VEETC subsidy for ethanol blenders, and the 54-cent tariff on imported ethanol, both expire at the end of this year.

 

Read more: Ethanol supporters struggle to preserve biofuel subsidies

US paints brighter picture for tight world grains

Washington, 12 May 2011: Reuters

Farmers around the world will harvest sharply larger grain crops this year, the U.S. government projected in an unexpectedly upbeat outlook on Wednesday, adding that a drop in U.S. exports would also help refill dangerously thin grain stockpiles.

Read more: US paints brighter picture for tight world grains

CME Group revised limits for Corn

Chicago, 10 May 2011

CME Group today announced it had revised its recent proposal to increase daily price limits for Corn futures and options. Pending CFTC approval, daily limits on CBOT Corn futures and options would increase to $0.40 per bushel from the current $0.30 per bushel, replacing a late April proposal to increase daily limits to $0.50 per bushel. These contracts are listed with, and subject to, the rules and regulations of CBOT.

Read more: CME Group revised limits for Corn

Wood set to become a traded commodity

London, 10 May 2011

Wood is set to join oil, gas and metals as a crucial global commodity product as emerging sectors push demand to an all time high, a leading forestry consultant warned at an industry seminar on Friday, 6 May 2011.

Read more: Wood set to become a traded commodity

SGX derivatives market adds rubber futures

Singapore, 6 May 2011

Singapore Exchange today said its derivative market will add rubber futures to its commodities suite with the migration of SICOM rubber contracts onto the SGX trading platform from 16 May. The addition of SICOM TSR 20 and SICOM RSS 3 rubber futures will enable more international traders to participate in the contracts, thereby enhancing liquidity. The rubber contracts have a history which dates back to the 1920s and are pricing benchmarks for regional and global rubber producers, manufacturers, traders and consumers. From 16 May, TSR 20 rubber contracts traded over-the-counter will also be cleared by SGX AsiaClear.

Read more: SGX derivatives market adds rubber futures

Global food prices hold steady

Rome, 5 May 2011

Commodities Now: Food prices remained virtually steady in April after falling in March following eight months of successive increases, FAO announced today. However, while the FAO Food Price Index averaged 232 points in April, little changed from March, it was still 36 percent above April 2010 and only two percent below its peak in February 2011.

Read more: Global food prices hold steady

FAO sees crop concerns driving higher food prices

Astana, 4 May 2011: Reuters

World food prices are set to rise again as concerns persist over Chinese and U.S. winter crops and global production lags increasing demand, according to the head of the United Nations' Food and Agriculture Organisation.

Read more: FAO sees crop concerns driving higher food prices

Cotton prices retreat on slowing demand – ICAC

London, 2 May 2011

International Cotton Advisory Committee: After seven consecutive months of increase, cotton prices fell in April 2011. The Cotlook A Index reached a record of $2.44 on March 8, 2011, but was down to $1.73 per pound on April 28. These prices remain very high by historical standards.

Read more: Cotton prices retreat on slowing demand – ICAC

CBOT corn owners to keep tight rein on stocks

Chicago, 1 May 2011: Reuters

Owners of cash corn are likely to retain possession, banking on higher prices as stocks shrink to the lowest since the 1930s and as U.S. farmers remain mired in mud instead of planting the new crop. Firm cash markets and logistical snarls also will keep soybean deliveries to a minimum and a lucrative storage plan for owners of wheat also will keep wheat under strong wraps.

Read more: CBOT corn owners to keep tight rein on stocks

Farm private investment seen doubling

London, 26 April 2011: Reuters

Inflows of private capital in agriculture worldwide are expected to more than double to around $5 to $7 billion in two years as rising food prices spur investments in farm land and production facilities. Investors from the United States and Europe are looking at South America for growing more feed grains, corn and soybeans, as rising global meat consumption propels prices, said Chris Erickson, managing director of Boston-based farm consultancy HighQuest.

Read more: Farm private investment seen doubling