Australian Grain Industry Conference August 2017
|
|
- Emory Watts
- 6 years ago
- Views:
Transcription
1 Australian Grain Industry Conference August 2017
2 WORLD WHEAT 2017/18 Themes Quality Issues The Great Pasta Drought of 2017 Why Are Cash Prices NOT Lower? Russian Export Capacity Issues US Needed as Exporter?
3 World Wheat S & D Met Tons (USDA) WORLD WHEAT 2015/ /17 USDA 2017/18 USDA July 2017/18 MDP Project Carry In Production Ttl Supply Feed Use Food/Indu/Seed Exports Ttl Demand Carry Out
4 World Wheat S & D Met Tons (USDA) WORLD WHEAT 2015/ /17 USDA Jun 2017/18 USDA Jun 2017/18 MDP Project Carry Out US China Net Carry Out EU Russia/Ukr Canada Australia Argentina ROW Carry Out
5 World Wheat Production LY 31.7 MMT MMT LY 26.8 MMT MMT LY 62.9 MMT MMT LY 35.1 MMT MMT
6 World Wheat Production LY MMT MMT LY 72.5 MMT MMT LY 17.0 MMT MMT
7 Global Wheat Production World Wheat Production Major Exporters in 2016/ MMT Major Exporters est 2017/ MMT
8 Global Wheat Exports World Wheat Exports Major Exporters during 2016/ MMT Major Exporters expected 2017/ MMT
9 World Wheat Summary Supply Major Exporters Production Down 30 MMT Y-on-Y Strong Wheat (Proteins over 12.5% on DMB) Significantly Lower Supply Think US, Canadian Spring Wheat, Durum, Russian 13.5%+ Protein, Australian? Lower Quality Wheat Semi Hard Wheat More Plentiful Think Russian 11.5% Protein, Low Protein US HRWW, Feed Wheat Chinese Stocks Building Since 2014/15 MY over 25 MM ROW Global Stocks Building (Ex China) Over Same Period Negative 11 MMT Demand Can World Feed Wheat Demand Stay Elevated? Will Global Food Demand Contract in 2017/18? Can Russia Handle 18-20% of Global Wheat Exports? Spreads For Quality Differences Widest Since 2008
10 World Wheat Prices Lower Protein French 11% DMB $195 HRWW 11.5% DMB $190 Ukraine 11.5% DMB $184 ASW $250
11 World Wheat Prices Quality % Protein OB Canada 14.5% DMB $300 x PNW Baltic $203 HRWW 12.5% DMB $ % DMB $210 Russian $200 ASW $ EC
12 AGIC 2017 US Wheat S&D Met Tons (USDA) US WHEAT 2014/ / / /18 USDA July 2017/18 MDP Project Carry In Production x x37.6 Ttl Supply Feed/Resid Food Seed Exports Ttl Demand Carry Out
13 US Wheat Summary Supply US Production Lower, BUT High Beginning Stocks Buffer Impact Protein Premiums VERY Firm Expect Spring Wheat Supply Rationed Via Price Lower Quality Wheat Plentiful US HRWW 11% Protein DMB, SRWW in Surplus US Futures Structure Rewards Storage Huge Returns to Delivery Storage - $4/MT Month Return 2.4 MMT Deliverable Wheat vs Chicago, 3.25 MMT Deliverable Wheat vs KCY Demand US Feed Demand Limited by Plentiful Corn US Food Demand Capped Older Population and Glutionians US Wheat Exports Must BUY Stocks Out of Storage Spreads For Quality Differences Widest Since 2008 Delivery Wheat, By Definition, NOT Higher Quality
14 CME Wheat Monthly
15 WORLD CORN 2017/18 Themes Technology Outpaces Consumption Why Are Cash Prices NOT Higher? Export Capacity Issues in South America Currencies Chinese Stocks Fake News?
16 Weather and US Row Crop Yields
17 World Corn S & D Met Tons (USDA) WORLD CORN 2015/ /17 USDA 2017/18 USDA July 2017/18 MDP Project Carry In Production Ttl Supply Feed Use Food/Indu/Seed Exports Ttl Demand Carry Out
18 World Corn S & D Met Tons (USDA) WORLD CORN 2015/ /17 USDA 2017/18 USDA July 2017/18 MDP Project Carry Out / US China Net Carry Out EU Russia/Ukr Brazil / Argentina ROW Carry Out
19 Global Corn Production LY MMT MMT LY 28.0 MMT MMT LY MMT MMT LY MMT MMT LY 41.0 MMT MMT
20 AGIC 2017 Awhere slide China weather
21 World Corn S & D Prospects Supply Total Supply Lower, But World (ex China) End Stocks Fall Less Than 10 MMT US Crop Still Unknown Crop Tours in August Will Better Highlight Yields Brazil Crop Larger Than Expected One Month Ago Ukraine Crop How Large? Chinese Crop and Stocks What is Reality? Demand Currency Impact on Brazilian, Argentine Export Flows 2017/18 Planting Decisions In Brazil, Argentina Will US Exports Again Find Buyers in 2 nd Half of Marketing Year? Chinese Balance Sheets Very Interesting!
22 World Barley Production World Production 2016/ MMT World Production 2017/ MMT
23 World Barley Production World Barley Exports 2016/ MMT World Barley Exports 2017/ MMT
24 Currencies
25 US Corn Supply & Demand Met Tons (USDA) US CORN 2015/ /17 USDA June 2017/18 USDA June 2017/18MDP Projection Carry In Production Ttl Supply HA x HA x Feed/Residual Ethanol Food/Seed Exports Ttl Demand Carry Out
26 CME Corn Monthly
27 US Corn S & D Prospects Supply Higher Planted Area Good/Excellent rating lower, but not significantly lower. Yield Projections Market using/trading bu/acre, down 5% from LY. Market expects a bil bushel (355 MMT) US production estimate due to larger area. We are at just under 14.0 bil bushels (351 MMT). US June Stocks Higher than expected, but export inspections running strong. Demand Domestic 85-87% of Total Demand South American sellers very competitive. Ukrainian maize crop under pressure, NO quality old crop supply. Will US Farmer Store Even MORE of His Stocks On Farm in 2017/18? US Ending Stocks Is sub 2.1 bil bushel (53.3 MMT) US ending stock projection $4.50/bushel CZ7? Is a 1.8 bil bushel (45.7 MMT) figure needed to maintain rally?
28 Grains Summary WHEAT On Surface, Bearish Global Fundamentals for 2017/18 MY Major Exporters Production Down Significantly Major Exporters Need to Draw Down Stocks to Service Projected Demand Farmers Not Accommodating Bearish Pundits Price Weakness Possible Feb 2018 Forward IF 2018 Northern Hemisphere New Crop Looks Promising CORN On Surface, Bullish Global Fundamentals for 2017/18 MY Sizable Brazilian, Argentine, US Stocks Cap Prices Through Calendar 2017 Ukrainian maize crop under pressure Chinese maize crop and stocks HUGE unknowns? Will US Farmer Store Even MORE of His Stocks On Farm in 2017/18? US Ending Stocks Is sub 2.0 Billion Bushel US Corn Ending Stocks Forecast $4.00 CH8 Bullish? Does Market NEED To BUY Corn Acres in 2018? Is a 920 Million Bushel US Wheat Ending Stocks Forecast $6.00 WH8 Bullish?
29 McDonald Pelz Global Commodities LLC A global, physical agricultural commodity brokerage firm with offices in the US, Brazil, Argentina, Turkey, Australia, China, India, and Singapore, we work with clients throughout the supply chain, providing superior customer service and thoughtful analysis W 121 st Street, Suite 102, Overland Park, Kansas Phone: (913) mcdonald@mcdonaldpelz.com 1803 S Foothills Hwy., Suite P, Boulder, Colorado Phone: (303) bobby@mcdonaldpelz.com 7076 E Fish Lake Road, Maple Grove, MN Phone: (612) pmattson@mcdonaldpelz.com 1483 CR 1300NE, Sullivan, IL Phone (217) kunhs@mcdonaldpelz.com Affiliated offices: 53 Belmont Crescent, Montmorency Victoria 3094, Australia Phone: pgeary@mcdonaldpelz.com R. Jesuino Maciel #255, Campo Belo, Sao Paulo, Brasil CEP Phone: caio@mcdonaldpelz.com Av. Libertador 8540 Apt 15 B- Capital Federal- Buenos Aires- Argentina Phone: drodriguez@mcdonaldpelzargentina.com Kosuyolu Mh. Mahmut Yesari Sok. No. 10, Kadikoy, Istanbul, Turkey c.sonmez@mcdonaldpelz.com Office 111, Centrum Plaza, Sector 53, Golf Course Rd, Gurgaon India sumit@mcdonaldpelz.com Rm 406 Fuxing Commercial Bldg, 139 Ruijin Rd #1, Huangpu Distr, Shanghai, China eduardo@mcdonaldpelz.com Coming August 2017 Singapore sumit@mcdonaldpelz.com THANK YOU
Grain Market Outlook for
Grain Market Outlook for 2017-2018 KSU Ag Econ 520 Fall 2017 Manhattan, Kansas DANIEL O BRIEN EXTENSION AGRICULTURAL ECONOMIST Topics to be discussed.. 1) Grain Market Analysis & Outlook Corn & Grain Sorghum
More informationWorld Wheat Supply and Demand. Crop Quality Seminars 2013 Ian Flagg
World Wheat Supply and Demand Crop Quality Seminars 2013 Ian Flagg Beginning Stocks 250 200 Exporter beginning stocks down 35% from 5-year average 199 199 174 150 125 100 83 122 50 0 27 14 14 32 48 38
More informationAnalysis of the October 2010 USDA Crop Production & WASDE Reports
Analysis of the October 2010 USDA Crop Production & WASDE Reports Daniel O Brien Extension Agricultural Economist, K State Research and Extension October 11, 2010 Summary of October 8 th 2010 Crop Production
More informationAgriculture Commodity Markets & Trends
Agriculture Commodity Markets & Trends Agenda Short History of Agriculture Commodities US & World Supply and Demand Commodity Prices Continuous Charts What is Contango and Backwardation Barge, Truck and
More informationWorld Sorghum Grain Producers
World Sorghum Grain Producers Million Metric Tons 18 16 14 12 12 10 8 6 7 7 6 6 4 4 4 3 2 2 2 2 0 14 MY 2014/15 MY 2015/16 MY 2016/17 Grain Sorghum Exporters Million Metric Tons 10 9 8 7 6 5 4 3 2 1 0
More informationSanta Claus rally could help corn Be ready to sell brief rallies when they come By Bryce Knorr, senior grain market analyst
Santa Claus rally could help corn Be ready to sell brief rallies when they come By Bryce Knorr, senior grain market analyst Rallies are always possible in corn, even in down markets. Trouble is, they don
More informationJanuary 12, USDA World Supply and Demand Estimates
January 12, 2017 - USDA World Supply and Demand Estimates Corn This month s U.S. corn outlook is for lower production, reduced feed and residual use, increased corn used to produce ethanol, and smaller
More informationCommodity Outlook: September 2017 West Central Illinois: July 2017
Commodity Outlook: September 2017 West Central Illinois: July 2017 William George Senior Agriculture Economist U.S. Department of Agriculture Foreign Agriculture Service Office of Global Analysis Commodity
More informationUnited Nations Conference on Trade and Development
United Nations Conference on Trade and Development 1th MULTI-YEAR EXPERT MEETING ON COMMODITIES AND DEVELOPMENT 25-26 April 218, Geneva Assessing the recent past and prospects for grains and oilseeds markets
More informationGlobal Agricultural Supply and Demand: Factors contributing to recent increases in food commodity prices
Global Agricultural Supply and Demand: Factors contributing to recent increases in food commodity prices Ron Trostle Economic Research Service U.S. Department of Agriculture Agricultural Markets and Food
More informationCorn & Soybeans. Corn (source WASDE) Soybean (source WASDE)
Corn & Soybeans Corn (source WASDE) Estimate for the 2015-16 Season Global and US outlook Soybean (source WASDE) Estimate for the 2015-16 Season Global and US outlook Global ending stocks Corn and Soybeans
More informationSigns align for corn profit hopes Short crop in Brazil could be fix the market needs By Bryce Knorr, senior grain market analyst
Signs align for corn profit hopes Short crop in Brazil could be fix the market needs By Bryce Knorr, senior grain market analyst Corn growers enjoyed an outbreak of optimism last week at Commodity Classic
More informationCORN: DECLINING WORLD GRAIN STOCKS OFFERS POTENTIAL FOR HIGHER PRICES
CORN: DECLINING WORLD GRAIN STOCKS OFFERS POTENTIAL FOR HIGHER PRICES OCTOBER 2000 Darrel Good Summary The 2000 U.S. corn crop is now estimated at 10.192 billion bushels, 755 million (8 percent) larger
More informationContact: Dante Manocchio Richardson International
The following information was presented at the 2015 Cereals & Oilseeds Workshop on Feb 25, 2015 and should not be copied or reproduced without permission from the author. Contact: Dante Manocchio Richardson
More informationPRX Grain Market Overview
PRX The ProExporter Network Grain, Oilseed & Biofuel Fundamentals Updated 4/1/18 PRX Grain Market Overview US Major Grains Crop Years 217/18 & 218/19 with USDA Apr 1, 218 WASDE PRX_Overview, SDU, Apr-1-18
More informationBunge - Wheat Market update. IAOM Manila 2012
Bunge - Wheat Market update IAOM Manila 2012 Bunge Today Key Facts Net Sales: $59 Billion Employees: ~35,000 Facilities: ~400 Countries of Operations: 30+ 6% 9% 12% 19% Average Net Operating Assets Agribusiness
More informationWouldn t it be wonderful if someone. Merchandisers Corner
Merchandisers Corner While you don t have a crystal ball, gathering meaningful market information can give you much more accurate price forecasts. By Diana Klemme, Vice President, Grain Service Corp.,
More informationDevelopments and challenges in commodity markets: current situation and outlook- Agricultural Commodities
Multi-year Expert Meeting on COMMODITIES AND DEVELOPMENT 23-25 March 211, Geneva Developments and challenges in commodity markets: current situation and outlook- Agricultural Commodities by Mr. Etsuo Kitahara,
More informationPotential Forecasted Economic Impact of Commercializing Agrisure Duracade 5307 in U.S. Corn Prior to Chinese Import Approval
Potential Forecasted Economic Impact of Commercializing Agrisure Duracade 5307 in U.S. Corn Prior to Chinese Import Approval Author: Max Fisher, Director of Economics and Government Relations National
More informationNovember 18, 1996 Ames, Iowa Econ. Info. 1706
November 18, 1996 Ames, Iowa Econ. Info. 1706 LEAN HOG CARCASS BASIS The new Lean Hog futures contract differs from its predecessor in several ways. It is traded on carcass weight and price rather than
More information2017 Crop Market Outlook
2017 Crop Market Outlook Presented at the Row Crop Short Course Jackson County Agriculture Conference Center March 2, 2017 Adam N. Rabinowitz, PhD Assistant Professor and Extension Specialist Agricultural
More informationApril 9, Dear Subscriber:
April 9, 2014 Dear Subscriber: We will be adding material to this shell letter after the report is released on April 9, 2014 at 11:00 a.m CST. Be sure to click back on the link often for the latest information.
More informationU.S. Agriculture: Commodity Situation and Outlook
U.S. Agriculture: Commodity Situation and Outlook H. Scott Stiles Instructor - Economics University of Arkansas Division of Agriculture Farm Policy Education 2013 U.S. Crop Outlook Overview: Preliminary
More informationEnding stocks can adjust due to a variety of factors from changes in production as well as adjustments to beginning stocks and demand.
1 2 3 Wire services such as Reuters and Bloomberg offer a survey of analysts expectations for high-profile USDA reports. These surveys hold interest because they help clarify what constitutes a shock or
More informationOUTLOOK FOR US AGRICULTURE
Agricultural Outlook Forum 216 OUTLOOK FOR US AGRICULTURE Robert Johansson Chief Economist 25 February 216 Fig 2 Main themes for 216 1. The macroeconomy is weighing on trade, but there are reasons for
More informationSoy Canada SOYBEAN PROCESSING WORKSHOP PRESENTATION NOVEMBER 16, 2017 BRANDON, MANITOBA
Soy Canada SOYBEAN PROCESSING WORKSHOP PRESENTATION NOVEMBER 16, 2017 BRANDON, MANITOBA Overview 1) Soy Canada & Mandate 2) Soybean Sector Update & Trends 3) Growth in Western Canada 4) Commodity Soybean
More informationSOYBEANS: LARGE SUPPLIES CONFIRMED, BUT WHAT ABOUT 2005 PRODUCTION?
SOYBEANS: LARGE SUPPLIES CONFIRMED, BUT WHAT ABOUT 2005 PRODUCTION? JANUARY 2005 Darrel Good 2005 NO. 2 Summary USDA s January reports confirmed a record large 2004 U.S. crop, prospects for large year-ending
More informationGlobal Trends and Swing Factors And their impact on the agricultural complex
Click here to add image Global Trends and Swing Factors And their impact on the agricultural complex Introduction I'm speaking today and tomorrow in Iowa for the IA Farm Bureau and I followed Sterling
More informationWorld Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts. Lockup Briefing April 9, 2014
World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts Lockup Briefing World Wheat Production Country or Region Million Tons World 656.5 712.5 8.5 United States 61.7 58.0-6.0
More informationWorld Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts. Lockup Briefing July 11, 2014
World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts Lockup Briefing World Wheat Production Country or Region estimate 2014/15 forecast June 11 Million Tons Percent Percent
More informationTHE HIGHTOWER REPORT
Futures Analysis & Forecasting HightowerReport.com Strategies for the March 31st USDA Prospective Plantings Report Large Grain Supply May Not Be Enough! Several years ago, the amount of food consumed inside
More informationMarket Fundamentals. August October 2017
Market Fundamentals August October 2017 1 Safe Harbor Statement & Disclosures This presentation includes forward-looking comments subject to important risks and uncertainties. It may also contain financial
More informationArgentina. Poultry and Products Annual. Argentina Poultry & Products Annual
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report
More informationClearing the Clutter:
Clearing the Clutter: Getting rid of market noise and focusing on your bottom-line ANGIE SETZER VICE PRESIDENT OF GRAIN CITIZENS LLC CHARLOTTE, MI My market watching face. .unless soybeans are having a
More informationEconomic Research Service Situation and Outlook Report
Economic Research Service Situation and Outlook Report WHS-18d April 12, 2018 Next release is May 14, 2018 Wheat Outlook Jennifer K. Bond, coordinator Olga Liefert In this report: - Domestic Outlook -
More informationOctober 20, 1998 Ames, Iowa Econ. Info U.S., WORLD CROP ESTIMATES TIGHTEN SOYBEAN SUPPLY- DEMAND:
October 20, 1998 Ames, Iowa Econ. Info. 1752 U.S., WORLD CROP ESTIMATES TIGHTEN SOYBEAN SUPPLY- DEMAND: USDA's domestic and world crop estimates show a less burdensome world supply-demand balance for soybeans
More informationSOUTH AMERICAN SOYBEAN CROP ESTIMATE INCREASED
April 14, 2000 Ames, Iowa Econ. Info. 1787 SOUTH AMERICAN SOYBEAN CROP ESTIMATE INCREASED USDA s World Agricultural Outlook Board raised its estimate of combined Brazilian and Argentine soybean production
More informationBumper yields in Australia stabilized markets going into Northern Hemisphere growing season Difficult conditions in Europe
Barley Crop Report 2017 2016 Recap Poor to average conditions in malting barley regions of Europe, especially France Good conditions and yields in USA Wet conditions in Canada giving an average crop with
More informationWheat Year in Review (International): Low 2007/08 Stocks and Higher Prices Drive Outlook
United States Department of Agriculture WHS-2008-01 May 2008 A Report from the Economic Research Service Wheat Year in Review (International): Low 2007/08 Stocks and Higher Prices Drive Outlook www.ers.usda.gov
More informationFRIEDBERG S F O C U S O N F U T U R E S. Wheat: crop problems galore. Inside
FRIEDBERG S F O C U S O N F U T U R E S Friedberg Mercantile Group Ltd. Volume 18, No. 10 November 19, 2015 Wheat: crop problems galore Northern Hemisphere winter wheat crops for the upcoming 2016-17 marketing
More informationU.S. 2013/14 Wheat Year in Review: Smaller Supplies and Higher Exports Lower Ending Stocks
United States Department of Agriculture Electronic Outlook Report from the Economic Research Service www.ers.usda.gov WHS-2015-1 January 2015 U.S. 2013/14 Wheat Year in Review: Smaller Supplies and Higher
More informationKSU Agriculture Today Radio Notes
KSU Agriculture Today Radio Notes Daniel O Brien, Extension Agricultural Economist, Kansas State University For Radio Program to be aired 10:00-10:15 a.m., Friday, November 17, 2017 I. Grain Futures Closes,
More informationWorld Corn Market Supply Demand Trends
World Corn Market Supply Demand Trends Daniel O Brien Extension Agricultural Economist K State Research and Extension May 27, 21 The world corn market has many participants, but a small number of larger
More informationFundamental Analysis for Grain
Fundamental Analysis for Grain By Dr. Robert Wisner University Professor Emeritus Iowa State University Texas A & M University Master Marketers Conference, Amarillo, Texas, January 13, 2010 The process
More informationCattle Market Situation and Outlook
Cattle Market Situation and Outlook Rebuilding the Cow Herd Series March 28, 2007 Falls City, TX Coordinated by: Dennis Hale-Karnes CEA Ag & Charlie Pfluger-Wilson CEA Ag Prepared and presented by: Larry
More informationCrops Marketing and Management Update
Crops Marketing and Management Update Department of Agricultural Economics Princeton REC Dr. Todd D. Davis Assistant Extension Professor -- Crop Economics Marketing & Management Vol. 2016 (3) March 9,
More informationWorld Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts. Lockup Briefing June 11, 2014
World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts Lockup Briefing World Wheat Production Country or Region 2014/15 Million Tons World 714.0 701.6 0.7-1.7 United States
More informationFebruary 10, Tickets are 30 dollars and include a continential breakfast, Beef House lunch, and 25th anniversery hat.
February 10, 2014 WE WILL BE UPDATING AND ADDING MATERIAL THROUGHOUT THE DAY ON FEBRUARY 10 TO THIS LETTER BEGINNING AT 11:00 AM CST. PLEASE CHECK BACK OFTEN FOR THE LATEST INFORMATION! Tickets for the
More informationHog:Corn Ratio What can we learn from the old school?
October 16, 2006 Ames, Iowa Econ. Info. 1944 Hog:Corn Ratio What can we learn from the old school? Economists have studied the hog to corn ratio for over 100 years. This ratio is simply the live hog price
More informationOVERVIEW OF THE WHEAT SECTOR IN MANITOBA. Wheat is one of Manitoba s most important crops and occupies the largest area of crop by area.
- 1 - OVERVIEW OF THE WHEAT SECTOR IN MANITOBA Wheat is one of Manitoba s most important crops and occupies the largest area of crop by area. In 211, Manitoba reported 5,68 wheat farms compared to 7,156
More informationIowa Farm Outlook. December 2015 Ames, Iowa Econ. Info Replacement Quality Heifer Prices Supported by Latest Data
Iowa Farm Outlook 0BDepartment of Economics December 2015 Ames, Iowa Econ. Info. 2068 Replacement Quality Heifer Prices Supported by Latest Data Beef cow herd expansion started briskly in 2014 with a 2.1%
More informationCorn Producers, Ethanol Markets, and Co-Products: Jamey Cline, Director of Biofuels and Business Development
Corn Producers, Ethanol Markets, and Co-Products: When 92 Million Acres is Not Enough Jamey Cline, Director of Biofuels and Business Development More Corn Per Acre Million Acres Acreage Production Billion
More informationJohn Deere. Committed to Those Linked to the Land. Market Fundamentals. Deere & Company June/July 2014
John Deere Committed to Those Linked to the Land Market Fundamentals Deere & Company June/July 2014 Safe Harbor Statement & Disclosures This presentation includes forward-looking comments subject to important
More informationSoybean Supply and Demand Forecast
Soybean Supply and Demand Forecast U.S. soybean planted acreage is expected to increase 5.7 million acres over the forecast period. U.S. soybean yields are expected to increase 2.2 bushels per acre or
More informationMARTINSON AG. Jan. 12, 2018 WHEAT
MARTINSON AG Jan. 12, 2018 WHEAT Wheat started the week by opening lower in the overnight session and proceeded to trade mixed throughout the day with strength in Mpls and modest losses in the winter wheat
More informationCommodity Market Outlook
Commodity Market Outlook Jim Hilker Professor and MSU Extension Economist Department of Agricultural, Food, and Resource Economics Michigan State University Market Outlook Reports For September 6, 2017
More informationWho Will Own the Grain? Elevators Eye Improved Prospects
November Who Will Own the Grain? Elevators Eye Improved Prospects Key Points: n Opportunities from significant futures market carry, weak harvest basis, and low transportation rates point to improved margins
More informationWheat Outlook. U.S. 2017/18 all-wheat area planted projected to be smallest on record. Figure 1: U.S. wheat planted area by class
Economic Research Service Situation and Outlook WHS-17d April 13, 2017 Wheat Chart Gallery will be updated on April 13, 2017. The next release is May 12, 2017. -------------- Approved by the World Agricultural
More informationAgribusiness & Risk Management Overview BRIAN THOMSEN, MANAGING DIRECTOR, BUNGE GLOBAL AGRIBUSINESS AND CEO, BUNGE PRODUCT LINES
Agribusiness & Risk Management Overview BRIAN THOMSEN, MANAGING DIRECTOR, BUNGE GLOBAL AGRIBUSINESS AND CEO, BUNGE PRODUCT LINES 1 2014 INVESTOR DAY Forward-looking statements Today s presentation includes
More informationJason Henderson Vice President and Branch Executive Federal Reserve Bank of Kansas City Omaha Branch April 25, 2012
Jason Henderson Vice President and Branch Executive April 25, 2012 The views expressed are those of the author and do not necessarily reflect the opinions of the Federal Reserve Bank of Kansas City or
More informationCrops Marketing and Management Update
Crops Marketing and Management Update Department of Agricultural Economics Princeton REC Dr. Todd D. Davis Assistant Extension Professor -- Crop Economics Marketing & Management Vol. 2016 (4) April 22,
More informationPrepared by John C. Baize and Associates 7319 Brad Street Falls Church, VA TEL: FAX:
Prepared by John C. Baize and Associates 7319 Brad Street Falls Church, VA 22042 TEL: 703-698-5908 FAX: 703-698-7109 E-mail: jbaize@attglobal.net February 16, 2015 Articles in This Edition Export Sales
More informationU.S. Rice Market Faces Tighter Supplies and Higher Prices in 2017/18
U.S. Rice Market Faces Tighter Supplies and Higher Prices in 217/18 University of Arkansas Webinar Series October 26, 217 Nathan Childs Economic Research Service USDA Approved by the World Agricultural
More information2017 Crop Outlook. Chris Hurt, Professor, Department of Agricultural Economics. Michael Langemeier, Assoc. Director, Center for Commercial Agriculture
2017 Crop Outlook Chris Hurt, Professor, Department of Agricultural Economics Michael Langemeier, Assoc. Director, Center for Commercial Agriculture James Mintert, Director, Center for Commercial Agriculture
More informationSOYBEANS: FOCUS ON SOUTH AMERICAN AND U.S. SUPPLY AND CHINESE DEMAND
SOYBEANS: FOCUS ON SOUTH AMERICAN AND U.S. SUPPLY AND CHINESE DEMAND APRIL 2002 Darrel Good 2002-NO.4 Summary Soybean prices during the first half of the 2001-02 marketing year were well below the prices
More informationIFA Medium-Term Fertilizer Outlook
IFA Medium-Term Fertilizer Outlook 2015 2019 Olivier Rousseau IFA Secretariat Afcome 2015 Reims, France October 21 st - 23 rd 2015 Outlook for World Agriculture and Fertilizer Demand Economic and policy
More informationAnalysis & Comments. Livestock Marketing Information Center State Extension Services in Cooperation with USDA. National Hay Situation and Outlook
Analysis & Comments Livestock Marketing Information Center State Extension Services in Cooperation with USDA April 2, 2015 Letter #12 www.lmic.info National Hay Situation and Outlook The 2014 calendar
More informationFlorida Beef Cattle Short Course
Florida Beef Cattle Short Course Competition in the Global Beef Industry Clint Peck, director Beef Quality Assurance, Montana State Univ. The competition is TOUGH 10 Largest Cattle Populations India
More informationUS Imported Beef Market A Weekly Update
US Imported Beef Market A Weekly Update Prepared Exclusively for Meat & Livestock Australia - Sydney Volume XVII, Issue 47 November 24, 2017 Prepared by: Steiner Consulting Group SteinerConsulting.com
More informationThe McCully Report December 5, 2014
The McCully Report December 5, 2014 DAIRY MARKETS KEY DRIVERS Feed Prices and Farm Margins: After a long harvest, record corn and soybean crops are largely in the bin. However, despite the large crops,
More informationIowa Farm Outlook. June 2015 Ames, Iowa Econ. Info Regional Hay-Pasture Situation and Outlook. Percent of National All Hay Stocks
Iowa Farm Outlook 0BDepartment of Economics June 2015 Ames, Iowa Econ. Info. 2062 Regional Hay-Pasture Situation and Outlook The 2014 calendar year provided favorable growing conditions for forage production
More informationInternational Benchmarks for Wheat Production
September, 2016 International Benchmarks for Wheat Production Michael Langemeier, Associate Director, Center for Commercial Agriculture Elizabeth Yeager, Department of Agricultural Economics, Kansas State
More informationBlack Sea Grain: Export expansion, new markets, Outlook for 2014
Black Sea Grain: Export expansion, new markets, 2000-2013. Outlook for 2014 Sergey Feofilov UkrAgroConsult Black Sea Grain Conference, April 17-18 2013 Black Sea Grain in the Global Markets Black Sea Wheat
More informationMARTINSON AG. April 20, 2018 WHEAT
MARTINSON AG April 20, 2018 WHEAT Wheat began the week by starting the overnight session mostly lower. By the close all of the wheat exchanges were posting double digit losses with most of the pressure
More informationChicago Mercantile Exchange information sources.
Chicago Mercantile Exchange information sources http://www.cmegroup.com/toolsinformation/index.html Key Areas in Grain Marketing Global Market Developments Seasonality of prices & basis Basis signals &
More informationSituation and Outlook of the Canadian Livestock Industry
Situation and Outlook of the Canadian Livestock Industry 2011 USDA Agricultural Outlook Forum Tyler Fulton February 25, 2011 tyler@hamsmarketing.ca Lost in Translation Canadian Livestock Industry - Outline
More informationRising Food Prices in East Asia: Challenges and Policy Options
Rising Food Prices in East Asia: Challenges and Policy Options Luc Christiaensen,, World Bank, presentation at the Managing Vulnerability in East Asia workshop, Bangkok, June 25-26, 26, 2008 Outline Where
More informationGlobal Wheat Trends. World wheat production and consumption
The global wheat market over the past 10-15 years has proven to be relatively static with low-level growth in consumption and little growth in the amount of trade. Along with the United States, Canada,
More informationThis Week. World Wheat Production and Markets 1
January 16, 2012 World Wheat Production and Markets With Western Canadian farmers getting prepared to market their future wheat crops without a Canadian Wheat Board as it presently exists, a review of
More informationFresh Peaches and Cherries: World Markets and Trade
United States Department of Agriculture Foreign Agricultural Service Fresh Peaches and Cherries: World Markets and Trade Fresh Peach/Nectarine: 2014/15 Highlights Global production in 2014/15 of peaches/nectarines
More informationTHIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Brazil Post: Brasilia
More informationCompetition in the Global Beef Industry. Clint Peck, Director, Beef Quality Assurance Montana State University
Competition in the Global Beef Industry Clint Peck, Director, Beef Quality Assurance Montana State University The competition is TOUGH 10 Largest Cattle Populations India Brazil China USA EU Argentina
More informationField Pea and Lentil Marketing Strategies
EC-1295 Field Pea and Lentil Marketing Strategies George Flaskerud Professor and Extension Crops Economist Department of Agribusiness and Applied Economics The United States is a small but growing producer
More informationBackground on U.S. Agricultural Policy: Food Security Objectives and Trade Implications
Background on U.S. Agricultural Policy: Food Security Objectives and Trade Implications Workshop Post Bali Agricultural and Trade Policy Options: Focus on China 23 October 2014 jason.hafemeister@fas.usda.gov
More informationFresh Deciduous Fruit (Apples, Grapes, & Pears): World Markets and Trade
United States Department of Agriculture Foreign Agricultural Service June 2015 Fresh Deciduous Fruit (Apples, Grapes, & Pears): World Markets and Trade FRESH APPLES World apple production in is estimated
More informationWheat Pricing Guide. David Kenyon and Katie Lucas
Wheat Pricing Guide David Kenyon and Katie Lucas 5.00 4.50 Dollars per bushel 4.00 3.50 3.00 2.50 2.00 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 Year David Kenyon is Professor and Katie Lucas
More informationUS Grain Production how does it compare from a Global Perspective?
US Grain Production how does it compare from a Global Perspective? Ag Summit Chicago, December 8 th 2014 Dr. Yelto Zimmer, Coordinator agri benchmark Cash Crop Major contribution from Savannah Gleim Global
More informationTurning Ukraine into a Global Agricultural Leader
Turning Ukraine into a Global Agricultural Leader Ton Huls, CFO of MRIYA Agro Holding 20/04/2016 State of Ukraine s Agricultural Sector Profitability in the agricultural sector broke all records in 2015
More informationTHIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 9/4/2014
More informationHOGS VS. ETHANOL: ETHANOL WINS!
HOGS VS. ETHANOL: ETHANOL WINS! OCTOBER 2006 Chris Hurt 2006 NO. 6 The pork industry s concerns about higher corn prices from the extraordinary growth in corn demand for ethanol appears to be moving from
More informationThe dynamics of global food and agribusiness
Welcome to the world of Rabobank! The dynamics of global food and agribusiness Adrie Zwanenberg NUFFIELD Global Head F&A Research 20 February 2006 2 The world of Rabobank Food & agribusiness: a global
More informationAgri-Service Industry Report
Agri-Service Industry Report December 2016 Dan Hassler 2017 U.S. Industry Outlook A little better or a little worse is the quickest way to sum up the expectations for the agricultural equipment industry
More information2018 ETHANOL MARKET OUTLOOK
Moe Agostino (Chief Commodity Strategist) & Abhinesh Gopal (Commodity Research Analyst), supported by the Commodity Research Team February 16 th, 2018 Highlights 2018 ETHANOL MARKET OUTLOOK Ethanol demand
More informationStrategic View. Kerry Preete Executive Vice President, Global Strategy
Strategic View Kerry Preete Executive Vice President, Global Strategy Forward-Looking Statements Certain statements contained in this presentation are forward-looking statements, such as statements concerning
More informationKey Issues for 2018 and beyond
Cattle Outlook and Strategies February 2018 Brenda L. Boetel UW-River Falls Extension Commodity Marketing Specialist 1 Key Issues for 2018 and beyond Supply Expansion continued but has moderated Continued
More informationIowa Farm Outlook. March 2014 Ames, Iowa Econ. Info Long-Term Projections for Beef Production and Trade
Iowa Farm Outlook 0BDepartment of Economics March 2014 Ames, Iowa Econ. Info. 2047 Long-Term Projections for Beef Production and Trade We often spend a lot of time focusing on the short-term market situation
More informationWEEKLY OILSEED REPORT 09 FEBRUARY 2018
WEEKLY OILSEED REPORT 09 FEBRUARY 2018 Unigrain (Pty) Ltd Tel. No. : +27 11 692 4400 Fax. No. : +27 11 412 1183 INTERNATIONAL MARKET Table 1: CME Soybean prices and weekly change (cents/bushel) Currently
More informationIowa Farm Outlook. February 2016 Ames, Iowa Econ. Info Cattle Inventory Report Affirms What Happened in 2015 and What May Happen in 2016
Iowa Farm Outlook 0BDepartment of Economics February 2016 Ames, Iowa Econ. Info. 2070 Cattle Inventory Report Affirms What Happened in 2015 and What May Happen in 2016 Curious about how fast the beef cow
More informationTHE ECONOMICS OF CELLULOSIC ETHANOL
THE ECONOMICS OF CELLULOSIC ETHANOL 2007 Mike Woolverton Kansas State University mikewool@agecon.ksu.edu Renewable Fuel Production Drivers 1. Energy Security 2. High Cost of Transportation Fuel 3. Post-peak
More information