On average, spot soybean basis dropped 51 cents across the US last week while the corn basis held firm only improving 1 ½ cents on the week, writes analysts at GeoGrain.
Widespread rainfall over the weekend brought corn and soybean planting to a soggy halt across much of the Midwest, and forecast for more rain most of this week will continue to limit fieldwork in many areas.
The Australian Government has released its National Food Plan, which it says will provide “a roadmap for the future” for governments, businesses and individuals to work together.
Cherkizovo Group announces that it has completed a sowing campaign, and if favourable weather conditions continue, it anticipates a 30% increase in yield, reaching 150,000 tonnes.
The U.S. Department of Agriculture said private exporters have sold 180,000 tonnes of U.S. soft red winter wheat for delivery to China in the 2013-14 marketing year that begins June 1.
Indonesia will impose a floor on the price of soybeans that traders buy domestically to protect farmers, while setting prices traders charge some customers for the oilseed as it looks to curb possible food inflation.
Agriculture Minister Gerry Ritz concluded a successful agricultural trade mission to Russia and Kazakhstan where he strengthened the trade relationship with these growing markets and promoted Canada’s world-class livestock.
July Corn finished up 18 1/2 at 658 1/2, 3/4 off the high and 20 3/4 up from the low. December Corn closed up 10 1/4 at 530 1/2. This was 11 1/4 up from the low and 1/2 off the high.
Agriculture Secretary Tom Vilsack today announced that grant applications are being accepted from qualified non-profit organizations and educational facilities to help rural cooperatives develop new markets for their products and services.
Japan's Ministry of Agriculture bought 122,222 tonnes of food wheat from the United States, Canada and Australia in a regular tender that closed on Thursday, a ministry official said.
The executive manager of Winter Cereals Canada expects a strong demand this year in the United States for winter wheat grown in western Canada, writes Bruce Cochrane.
The Department of Agriculture in partnership with corn industry groups recently sent an initial shipment of 24 metric tons (MT) of corn feed silage for cattle to Busan, South Korea.
Since the official beginning of the 2013/14 sugarcane season in the Central-Southern region in Brazil in April, Cepea figures indicate that crystal sugar sales in the spot market offer the highest return compared to exports.
