Agriculture & Softs Commodity News | Commodities News – Wheat, Corn, Coffee
CME to launch Black Sea Wheat futures
Chicago, Kiev, 18 April 2012
CME Group has announced the launch of CBOT Black Sea Wheat Futures to begin trading on June 6, subject to regulatory approval. The launch of these contracts, which will be listed with, and subject to, the rules and regulations of the CBOT, is an extension of the MOU that was initiated by CME Group Chairman Emeritus Leo Melamed last year.
A benign year for Indian sugar
London, 13 April 2012
The 2011/12 season should be a good year for the Indian sugar industry according to market experts Czarnikow. With the world market trading at a premium to production costs, India has been able to export its sugar surplus at remunerative values.
Global cereal supply likely to improve in 2012/13
Rome, 5 April 2012
While the FAO’s first forecast for cereal supply and demand in 2012/13 will be published next month, early indications point to relatively more comfortable balance than in the current 2011/12 season. FAO’s production forecast for wheat in 2012 remains at 690 million tonnes, 1.4 percent below the record in 2011 and unchanged from last month. In spite of this decline, world wheat supplies in 2012/13 would still exceed the projected utilization because of large carry-in stocks. Rice markets also appear to be well supplied in 2012/13 given consecutive years of record production which helped boost inventories.
Read more: Global cereal supply likely to improve in 2012/13
Food prices rise for second month
Rome, 8 March 2012
FAO’s Food Price Index rose 1 percent, or 2.4 points from January to February. The Index climbed nearly two percent in January – its first increase in six months. The increase in the February Index was mostly driven by higher prices of sugar, oils and cereals while dairy prices fell slightly after a marked rise in January. At its current level, the Index was 10 percent below its peak in February 2011.
Near-record wheat production expected this year
Rome, 8 March 2012
FAO today forecast that 2012 world wheat production will be the second highest on record at 690 million tonnes and also announced that international food prices rose one percent in February — the second increase in two months. Published today, FAO’s quarterly Crop Prospects and Food Situation report forecast a 2012 wheat crop 10 million tonnes or 1.4 percent down from the record 2011 harvest but still well above the average of the past five years.
FAO Food Price Index rebounds in January
Rome, 9 February 2012
The FAO Food Price Index (FFPI) averaged 214 points in January 2012, nearly 2 percent (4 points) up from December. The rebound represented the first upturn in the FFPI since July 2011 but the index remained 7 percent below its corresponding value last year. In January, prices of all the commodity groups that compose the Index registered gains, with oils increasing the most, followed closely by cereals, sugar, dairy and meat.
World’s first global Black Pepper futures contract to launch on SMX
Singapore, 3 February 2012
Singapore Mercantile Exchange (SMX) will launch the world?s first global Black Pepper futures contract on February 10, 2012 and also mark SMX's first agricultural commodities futures contract aimed at creating a new global benchmark for a commodity predominantly produced and exported from the Asia Pacific region to the West.
Read more: World’s first global Black Pepper futures contract to launch on SMX
CME Group establishes $100M fund for farmers
Chicago, 2 February 2012
CME Group today announced that it will establish a $100 million fund designed to provide further protection of customer segregated funds for U.S. family farmers and ranchers who hedge their business in CME Group futures markets. In light of the recent MF Global failure, in which a clearing firm violated CFTC regulations and misused customer monies that should have been kept segregated, CME Group is adding this extra security measure to protect the country’s food producers who are using CME Group futures markets to hedge their crops and livestock that feed the world.
Czarnikow sees indeterminate outlook for sugar in 2012
London, 2 February 2012
2012 could be a good year for consumers as the easing of commodity balance sheets leads to falling food price inflation. The sugar market is anticipating growth in Brazilian cane production, which should reverse the recent decline and we predict converging sugar and ethanol prices in 2012, with higher global closing stocks resulting from the return to surplus in the 2011/12 season.
Read more: Czarnikow sees indeterminate outlook for sugar in 2012
Point Carbon slashes CO2 price outlook ... again
London, 28 January 2012
Thomson Reuters Point Carbon analysts have slashed their price forecasts for EU Allowances and U.N.-backed offsets for the second time in two months to reflect swelling supplies and the demand destruction caused by the euro zone debt crisis.
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