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

Instantly predicting changes in agriculture market prices: Thomson Reuters

London, 20 April 2011

Thomson Reuters today announced that it has launched Thomson Reuters Agriculture Fundamentals Database, a unique solution designed to provide market traders and analysts with instant insight into agriculture supply and demand and the consequent effect on market prices. With intuitive navigation the database allows traders and analysts to interpret information in real time and enables them to make quicker and more informed decisions.

Read more: Instantly predicting changes in agriculture market prices: Thomson Reuters

FAO Food Price Index shows first decrease in eight months

Rome, 7 April 2011

Commodities Now: The FAO Food Price Index has dropped for the first time after eight months of continuous price spikes, FAO announced today. The Index averaged 230 points in March 2011, down 2.9 percent from its peak in February, but still 37 percent above March of last year.

Read more: FAO Food Price Index shows first decrease in eight months

Cotton Prices to Remain Strong in 2011/12

London, 2 April 2011

Commodities Now: Global cotton production is expected to rise by 12% to a record of 27.4 million tons in 2011/12, driven by an expansion in plantings in most producing countries. However, the projected increase in production is relatively small considering the doubling of prices experienced in 2010/11. Competition from food crops and limited resources (including land, seeds, water, and equipment) are preventing cotton area from rising further in 2011/12.

Read more: Cotton Prices to Remain Strong in 2011/12

CME: Record Corn Calendar Swap Volume

London, 2 April 2011

Commodities Now: CME Group has announced record volume in Corn Calendar Swaps. On Thursday, Mar. 31, Corn Calendar Swap volume reached a record of 11,710 contracts, surpassing the previous record of 3,331 contracts set on Jan. 12, 2011.

Read more: CME: Record Corn Calendar Swap Volume

More Africa countries seen growing GM crops

Johannesburg, 1 April 2011

An increasing number of African countries are likely to start growing genetically modified crops, with Kenya leading the way, after the continent for years has lagged in global adoption of the technology. Africa is under increasing pressure to grow more food as its population increases. Although genetically modified (GM) crops might help boost output, some African countries have banned GM, fearing it could be harmful to humans and animals, hamper exports and hurt small farmers.

Read more: More Africa countries seen growing GM crops

U.S. farmers plant huge crops as stocks dwindle

Washington, 31 March 2011: Reuters

U.S. farmers say they will plant some of the biggest corn and soybean crops ever this spring, racing to keep pace with unrelenting global demand that's rapidly depleting stockpiles and driving up food costs.

Read more: U.S. farmers plant huge crops as stocks dwindle

Pricey food to fuel fertiliser boom

Oslo, 31 March 2011

Norway's Yara International ASA , the world's top supplier of crop nutrients, said the global fertiliser market is set to remain demand-driven for some time to come, reflecting record high food prices. Chief Executive Joergen Haslestad told Reuters that even as prices of urea-based fertiliser fell in the seasonally weak first quarter, other nitrate fertilisers and NPK (nitrogen, phosphorus and potassium) have remained surprisingly strong.

Read more: Pricey food to fuel fertiliser boom

China Likely Buyer of US Corn

New York, 25 March 2011:

Morgan Stanley believe today's USDA announcement of 1.25 mln MT of corn sold to "unknown" export partners represents Chinese buying. After a week of unconfirmed speculation over Chinese purchases of US corn, and despite denials by Sinograin, Morgan Stanley believe that today's announcement provides confirmation, matching our expectations of size and timing.

Read more: China Likely Buyer of US Corn

Russia to consider lifting grain export ban Sept-Oct

Moscow, 25 March 2011: Reuters

Russian officials will consider lifting the grain export ban after the size of this year's harvest is known in late September or October, Agriculture Minister Yelena Skrynnik told journalists on Friday.

Read more: Russia to consider lifting grain export ban Sept-Oct

The rumor won't die: Did China buy US corn?

Chicago, 25 March 2011: Reuters

As one of the last great bastions of open-outcry trading, the Chicago grain market pits are among the most efficient at processing rumors, with traders quickly separating the likely from the farfetched. But despite official denials from Beijing and the absence of confirmation from the U.S. government, rumors of a fresh round of big Chinese corn imports from the United States have failed to fade even a week later, an eternity in market time.

Read more: The rumor won't die: Did China buy US corn?