Market Situation and Outlook 2013/14 Wheat & Maize
|
|
- Janis Daniel
- 5 years ago
- Views:
Transcription
1 Market Situation and Outlook 2013/14 Wheat & Maize FOURTH SESSION OF THE AMIS GLOBAL FOOD MARKET INFORMATION GROUP ROME, FAO HEADQUARTERS 1-2 October Prices Falling! 2 1
2 Brent Crude vs West Texas Intermediate Energy Markets Ethanol prices at near 3-year low Source: After reaching a 2-year high in late August, WTI prices fell to $103 (Brent to $109) a barrel by late September, due to reduced supply concerns as chance of military escalations over Syria subsided. Prices also fell on expectations that the US budget impasse could hurt economic growth in the US. AMIS website - In September: Sharp fall in ethanol prices, to a 3-year low triggered by sell of in December maize (followed by upward revision of the USDA to this year s maize production), sell-off in gasoline prices and sharp increase in ethanol production. 3 Exchange Rate Movements Selected currencies against the US Dollar (January 2013=100) In September, US Federal Reserve decision to maintain it pace of monetary stimulus, pushed up stock markets and currencies in emerging markets as long-term US interest rates fell, making higher-yielding investments in the EM more attractive Sep 9-Sep 16-Sep 23-Sep Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 India South Africa Indonesia Turkey Sources: Reuters and Bloomberg 4 2
3 Global Wheat Situation and Outlook 5 Wheat Production up 6.8% in 2013 (record) World Production and Area Leading Wheat Producers 1/ Source: FAO/GIEWS-CBS 6 3
4 Wheat export supplies in 2013/14 tighter than in 2012/13 Major Exporters stocks-todisappearance ratio dropping to 12.6% from 13.5% in 2012/13. The decline in the US wheat production (for 4 th consecutive year) lead to lower ending stocks in the US. Inventories could decline also in other major exporters, except in the EU. AMIS website- 7 Wheat Trade to Reach 141mt in 2013/14, up 2% Imports by Region Major Exporters Imports by China to rise by at least 3mt (to 7.5mt) could increase even further! Higher imports also by Egypt, Kenya, Pakistan, Saudi Arabia and Tunisia. Source: FAO/GIEWS-CBS 8 4
5 Wheat Prices At least 20% down Y/Y December CBOT Wheat Futures Increasing confidence that world wheat supplies would be adequate in 2013/14 put downward pressure on prices during the first part of September, along with declines in other grains and oilseeds, especially maize. However, falls were limited by solid export demand, concerns about lower export potential in Argentina and suggestions that China would need further imports. Source-IGC for AMIS Market Monitor-No12 AMIS website- 9 High (record) Prices in Argentina and China USD/tonnes Sep-12 Nov-12 Jan-13 Mar-13 May-13 Jul-13 Sep-13 China Zhengzhou Argentina MATba USA CBOT Higher prices in China encourage imports Higher prices in Argentina discourage exports too much exports in 2012/13 despite a low production. Sources: Reuters and Bloomberg 10 5
6 Price Volatility (a measure of risk): Much lower than in recent years! Wheat Historical Volatility (HV, 30D) for December % % Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 2008 Values 2012 Values 2013 Values Wheat Implied Volatility (IV)* for 18 Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 2008 Values 2012 Values 2013 Values Contango-upward sloping (normal) prices signal producers and warehouses to store surpluses and buyers to take advantage of cheap nearby grain availability Forward Curve USD per tonne Sep Aug Jul 2013 * Show the level of expected future volatility embedded in the option premiums observed in the CBOT s options on futures markets. Sources: Reuters and Bloomberg 11 Latest Wheat Outlook in Summary: From AMIS Market Monitor, October 2013 AMIS website at
7 Global Maize (Corn) Situation and Outlook 13 Maize Production up 12.7% to a new record World Maize Production and Area Production: Leading Maize Producers 1/ Source: FAO/GIEWS-CBS 14 7
8 A sharp recovery in maize supplies in 2012/13 Most of the increase would reflect higher maize inventories among major exporters, especially in the United States, where a recovery in maize production in 2013 could boost ending stocks from their historical low level of 16.8 million tonnes to 44 million tonnes, 27 million tonnes higher than their opening level. Higher maize stocks are also forecast for Brazil, China and the EU. AMIS website- 15 Maize Trade to Approach 104mt in 2013/14, Up 2% and a Record Imports by Region Major Exporters The main drivers behind the anticipated expansion in world trade of maize are larger imports by China, Egypt, Kenya, Japan, Indonesia and Mexico. Source: FAO/GIEWS-CBS 16 8
9 World Maize Utilization Source: FAO/GIEWS-CBS Global feed use of maize to reach 541mt in 2013/14. To rise by 18% in the US and by 10% in China. At 148mt, feed use of maize in China would exceed maize feed use the US for the 3rd consecutive season. 17 Maize for Ethanol fuel up 5% in the US (in 2013/14) Maize prices coming down, could help boost ethanol production in the US, but what about ethanol prices? The Blend Wall question: Can E15 (15% ethanol) be achieved if gasoline consumption isn t increasing?
10 Maize Prices Down 28% Y/Y December CBOT Maize Futures New crop supplies and prospects for a large crop in the US, combined with good availabilities in Brazil, led to declines in maize export prices during September. Black Sea prices were broadly unchanged as rain-related delays tempered good crop prospects. Source-IGC for AMIS Market Monitor-No12 AMIS website- 19 Prices higher in China but declining in Argentina USD/tonnes Sep-12 Nov-12 Jan-13 Mar-13 May-13 Jul-13 Sep-13 Higher prices in China, despite a record crop, point to higher import demand this season Lower prices in Argentina after a record harvest earlier this year boost exports Sources: Reuters and Bloomberg China Dalian Argentina MATba USA CBOT 20 10
11 Price Volatility (a measure of risk): US crop uncertainty has been supportive to higher volatility % Maize Historical Volatility (30D) for December Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 2008 Values 2012 Values 2013 Values % Maize Implied Volatility for December Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 2008 Values 2012 Values 2013 Values Forward Curve USD per tonne Recent months were marked by exceptionally tight supply situation (of the old maize crop), thus a sharp downward slope in early September (backwardation). In contrast, good new crop prospects point to a more normal outlook. 27 Sep Aug Jul 2013 Sources: Reuters and Bloomberg 21 Latest Maize Outlook in Summary: From AMIS Market Monitor, October 2013 AMIS website at
12 More information on AMIS website 12
Market Monitor Number 9 June 2013
Market Monitor Number 9 June 2013 AMIS Crops: World Supply-Demand Outlook First forecasts for 2013/14 marketing seasons Early indications for world wheat, maize and rice production in 2013 point to record
More informationFood Markets Wheat & Maize Outlook 2018/19
Food Markets Wheat & Maize Outlook THIRTEENTH SESSION OF THE AMIS GLOBAL FOOD MARKET INFORMATION GROUP FAO Headquarters, Rome 3-4 May 2018 Presentation Outline I. Macro conditions & food markets II. Market
More informationWorld Grains and Oilseeds: Recent Trends and Perspectives. Agribusiness in Argentina A seminar on Investment Opportunities London 14 December 2011
www. IGC 2011 World Grains and Oilseeds: Recent Trends and Perspectives Agribusiness in Argentina A seminar on Investment Opportunities London 14 December 2011 Darren Cooper Senior Economist International
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 informationCurrent Market Situation and Outlook*
Current Market Situation and Outlook* Abdolreza Abbassian, AMIS Secretary Trade and Markets Division Economic and Social Development Department Food and Agriculture Organization of the United Nations,
More information[Деловое общение] Grain and SBM Market Research Daniel Trading SA
[Деловое общение] Grain and SBM Market Research [Название April организации] 27 Daniel Trading SA Global positioning of Ukrainian agricultural market Production 7% 6% 7% #4 #6 #8 3% 2% 3% 3% 4% 4% 4/5
More informationMarket Monitor. Contents
Market Monitor No.12 October 2013 www.amis-outlook.org The Market Monitor is a product of the Agricultural Market Information System (AMIS), a G20 initiative to provide information, analysis and short-term
More informationAMIS Global Market Outlook 2017/18 Wheat & Maize 2017 China Agricultural Conference Beijing April 2017
17 17 AO 17AO 17AO AMIS Global Market Outlook 17/18 Wheat & Maize AO 17AO 17AO 17 hina Agricultural onference Beijing -21 April 17 AO 17AO 17AO AO 17AO 17AO Abdolreza Abbassian Senior Economist & AMIS
More informationCrop Market Outlook: Where do we go from here?
2012-13 Crop Market Outlook: Where do we go from here? Frayne Olson, PhD Crop Economist/Marketing Specialist NDSU Extension Service ND Agricultural Experiment Station Dept. of Agribusiness & Applied Economics
More informationCOMPARATIVE ANALYSIS OF MONTHLY REPORTS ON THE OIL MARKET
COMPARATIVE ANALYSIS OF MONTHLY REPORTS ON THE OIL MARKET AN INTERNATIONAL ENERGY FORUM PUBLICATION APRIL 2018 RIYADH, SAUDI ARABIA APRIL 2018 SUMMARY FINDINGS FROM A COMPARISON OF DATA AND FORECAST ON
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 informationMARKET OUTLOOK REPORT Volume 2 Number 1
MARKET OUTLOOK REPORT Volume 2 Number 1 WHEAT: SITUATION AND OUTLOOK April 1, 2010 Prepared by: Market Analysis Group Grains and Oilseeds Division Food Value Chain Bureau Market and Industry Services Branch
More informationWhat are the risks? Crop Market Outlook
What are the risks? 2012-13 Crop Market Outlook Frayne Olson, PhD Crop Economist/Marketing Specialist NDSU Extension Service ND Agricultural Experiment Station Dept. of Agribusiness & Applied Economics
More informationCereals market situation. Committee for the Common Organisation of Agricultural Markets. 30 th August 2018
Cereals market situation Committee for the Common Organisation of Agricultural Markets 30 th August 2018 Exchange Rates 2 Euro US Dollar exchange rate 3 Euro Argentine Peso and Brazilian Real exchange
More informationAfrica focus grains and oilseeds prospects into 2019
000 tonnes 10 December 2018 Wandile Sihlobo, wandile@agbiz.co.za Africa focus grains and oilseeds prospects into 2019 It is year-end and therefore an appropriate time to reflect on the African continent
More informationThe OECD-FAO Agricultural Outlook Global Trends in Commodity Markets by Pavel Vavra
The OECD-FAO Agricultural Outlook Global Trends in Commodity Markets by Pavel Vavra Power Point Presentation for the International Agricultural Trade Research Consortium Analytic Symposium Confronting
More informationCorn and Soybean Market Update, August 9, 2017
Corn and Soybean Market Update, August 9, 2017 Aaron Smith Assistant Professor Department of Agricultural and Resource Economics University of Tennessee Extension https://ag.tennessee.edu/arec/pages/cropeconomics.aspx
More informationLAGGING EXPORTS SLIGHTLY NEGATIVE TO CORN PRICES
November 5, 2001 Ames, Iowa Econ. Info. 1825 LAGGING EXPORTS SLIGHTLY NEGATIVE TO CORN PRICES While current utilization projections show record corn use for the year ahead, the slow start for corn export
More informationFACTORS CREATING RISK IN U.S. GRAIN MARKETS
FACTORS CREATING RISK IN U.S. GRAIN MARKETS WAY TOO EARLY GRAIN MARKET OUTLOOK TO 2050 22 ND NATIONAL WORKSHOP FOR DAIRY ECONOMISTS & POLICY ANALYSTS APRIL 30, 2015 JOHN NEWTON UNIV. OF ILLINOIS JCNEWT@ILLINOIS.EDU
More information2018/19 Crop Market Outlook & Strategies
2018/19 Crop Market Outlook & Strategies November CBOT Soybean Futures Frayne Olson, PhD Crop Economist/Marketing Specialist Director Burdick Center for Cooperatives frayne.olson@ndsu.edu 701-231-7377
More informationU.S. Oil Prices Outlook January 2019
U.S. Oil Prices Outlook January 219 Oil Prices OPEC+ decision to reduce output prevented prices from declining further The expiration of import waivers of Iranian oil could have a positive effect on prices
More informationTurmoil in Global Cereal Markets
and Agriculture Organization of United Nations Economic and Social Development Department Turmoil Global Cereal Markets EBRD ROUNDTABLE DISCUSSION London, 28 October 2010 Abdolreza Abbassian Secretary
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 information2018/19 Crop Market Outlook & Strategies
2018/19 Crop Market Outlook & Strategies Frayne Olson, PhD Crop Economist/Marketing Specialist Director Burdick Center for Cooperatives frayne.olson@ndsu.edu 701-231-7377 (o) 701-715-3673 (c) NDSU Extension
More informationINTERNATIONAL GRAINS COUNCIL
INTERNATIONAL GRAINS COUNCIL GRAIN MARKET REPORT www.igc.int GMR No. 420 2 April 2012 WORLD ESTIMATES million tons 08/09 09/10 10/11 11/12 12/13 est forecast proj 23.02 02.04 02.04 WHEAT Production 685
More informationMarket Monitor. Contents
Market Monitor No.16 March 2014 www.amis-outlook.org The Market Monitor is a product of the Agricultural Market Information System (AMIS). It covers the international markets for wheat, maize, rice and
More informationMARKET OUTLOOK REPORT Volume 1 Number 1
MARKET OUTLOOK REPORT Volume 1 Number 1 WHEAT: SITUATION AND OUTLOOK April 17, 2009 Prepared by: Market Analysis Group Grains and Oilseeds Division Food Value Chain Bureau Market and Industry Services
More informationNathan Kauffman Economist Federal Reserve Bank of Kansas City Omaha Branch August 21, 2013
Nathan Kauffman Economist August 21, 213 The views expressed are those of the author and do not necessarily reflect the opinions of the Federal Reserve Bank of Kansas City or the Federal Reserve System.
More informationFood Prices January February 2012 update Little movement in cereals spot & futures prices Maize stocks a concern
Feb 29th 12 Food Prices January February 12 update Little movement in cereals spot & futures prices Maize stocks a concern KEY POINTS International spot prices of maize, rice, and wheat are little changed
More informationCeva Seminar Bangkok. Outlook on Global Feed Prices and and Consequences for Livestock Industry. Jeroen Leffelaar, Global Co-Head Animal Protein
Ceva Seminar Bangkok Outlook on Global Feed Prices and and Consequences for Livestock Industry Jeroen Leffelaar, Global Co-Head Animal Protein March 2013 Presentation Outline I. Drivers of demand for Livestock
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 informationMarket Monitor. Contents
Market Monitor No.13 November 2013 www.amis-outlook.org The Market Monitor is a product of the Agricultural Market Information System (AMIS), a G20 initiative to provide information, analysis and short-term
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 informationCOMMITTEE ON COMMODITY PROBLEMS
September 204 CCP 4/INF/9 E COMMITTEE ON COMMODITY PROBLEMS Seventieth Session, 7-9 October 204 PROGRESS REPORT ON THE AGRICULTURAL MARKET INFORMATION SYSTEM () This report summarizes progress in the implementation
More informationGrains Outlook for 2014 SAEA Crops Outlook Organized Symposium Dallas, TX February 4, 2014
Grains Outlook for 2014 SAEA Crops Outlook Organized Symposium Dallas, TX February 4, 2014 Dr. Nathan B. Smith (UGA) and Dr. Mark Welch (TAMU) Corn Corn Situation Record production. Leveling off of corn-starch
More informationTANKER MARKET INSIGHT
TANKER MARKET INSIGHT October 18 Research Department, Teekay Tankers Sep-17 Oct-17 Nov-17 Jan-18 Feb-18 Apr-18 May-18 Jul-18 Aug-18 Sep-17 Oct-17 Nov-17 Jan-18 Feb-18 Apr-18 May-18 Jul-18 Aug-18 $ 000s
More informationMarket Monitor. Contents
Market Monitor No.11 September 2013 www.amis-outlook.org The Market Monitor is a product of the Agricultural Market Information System (AMIS), a G20 initiative to provide information, analysis and short-term
More informationFeed Grain Outlook March 10, 2016 Volume 25, Number 15
Today s Newsletter Market Situation WASDE 1 Grain Use 3 Outside Markets 6 Market Situation WASDE. USDA made no changes to the supply and demand balance sheets for corn or sorghum in yesterday s World Agricultural
More informationThe U.S. Over-Supply of Oil is Ending
The U.S. Over-Supply of Oil is Ending Pay-It-Forward Network Art Berman November 17, 217 Slide 1 The U.S. Over-Supply of Oil is Ending The U.S. Over-Supply of Oil is Ending 11 WTI Price Stocks 239 213
More informationProspects for Corn Trade in 2018/19 and Beyond
Prospects for Corn Trade in 2018/19 and Beyond Ben Brown Department of Agricultural, Environmental, and Development Economics The Ohio State University February 15, 2019 The agricultural industry is a
More information2018/19 Soybean Market Outlook & Strategies
2018/19 Soybean Market Outlook & Strategies Frayne Olson, PhD Crop Economist/Marketing Specialist Director Burdick Center for Cooperatives frayne.olson@ndsu.edu 701-231-7377 (o) 701-715-3673 (c) NDSU Extension
More informationAMIS MARKET REPORT No. 1
AMIS MARKET REPORT No. 1 Policy and weather dominate recent developments in cereal markets The 2011/12 global cereal supply outlook has improved in recent weeks as production forecasts have been revised
More informationTHE SOUTH AFRICAN GRAIN MARKETS QUARTERLY EARLY WARNING REPORT NO. 02 OF 2013
THE SOUTH AFRICAN GRAIN MARKETS QUARTERLY EARLY WARNING REPORT 1. SUMMARY NO. 02 OF 2013 The domestic closing stocks for maize in the current season are expected to decline by about 40.94% on the back
More informationMaize Average Monthly Price Trend
EXECUTIVE SUMMARY: All maize cash markets traded firm during the month of September on the expectation of lower kharif crop production amid higher demand from south Indian feed makers as compared to last
More information2017 Soybean Outlook & Strategies
2017 Soybean Outlook & Strategies Frayne Olson, PhD Crop Economist/Marketing Specialist Director Burdick Center for Cooperatives frayne.olson@ndsu.edu 701-231-7377 (o) 701-715-3673 (c) NDSU Extension Service
More informationFAPRI Outlook: Prospects and Uncertainties for the Next Decade
FAPRI Outlook: Prospects and Uncertainties for the Next Decade William H. Meyers Howard Cowden Professor of Agricultural and Applied Economics and Co-Director, FAPRI University of Missouri Project LINK
More informationMartin von Lampe Trade and Agriculture Directorate, OECD
Organisation for Economic Cooperation and Development Uncertainties in the Macro-Economic Environment Implications for Medium-Term Perspectives for Agricultural Markets Martin von Lampe Trade and Agriculture
More informationEASTERN CORN BELT DELAYS CONTINUE, MORE FARM PROGRAM DETAILS
May 31, 22 Ames, Iowa Econ. Info. 1839 EASTERN CORN BELT DELAYS CONTINUE, MORE FARM PROGRAM DETAILS Corn prices in the next two weeks will continue to be moderately sensitive to weather and planting progress
More informationGRAIN PRICES TO REFLECT STARLINK, SOUTH AMERICAN WEATHER, AND FARMER MARKETING PATTERNS
January 2, 2001 Ames, Iowa Econ. Info. 1804 GRAIN PRICES TO REFLECT STARLINK, SOUTH AMERICAN WEATHER, AND FARMER MARKETING PATTERNS Corn and soybean futures prices have shown some volatility in the last
More informationFebruary Crop Market Update Department of Economic Analysis
Corn Price ($/bu) and Ethanol Price ($/gal) February 2011 - Crop Market Update Department of Economic Analysis In this edition: Energy Update: Matt Erickson, Economist Crop Update: Todd Davis, Senior Economist
More informationMarket Outlook & Price Projections: Corn, Wheat, Soy Complex & Palm Oil October 7 th, 2016
Market Outlook & Price Projections: Corn, Wheat, Soy Complex & Palm Oil October 7 th, 2016 Patrick Sparks Global Risk Management, Inc. psparks@grmcorp.com 651-209-9503 www.grmcorp.com 1 Commodity trading
More informationAt risk of sounding like a broken record, the latest data from the national Crop Estimate Committee
ZAR/USD 31 August 2018 South African Agricultural Commodities Weekly Wrap At risk of sounding like a broken record, the latest data from the national Crop Estimate Committee reinforced the view that South
More informationCORN: HIGHER PRICES COMES EARLY
CORN: HIGHER PRICES COMES EARLY OCTOBER 2006 Darrel Good 2006 NO. 7 Summary The 2006 U.S. corn crop is expected to be the third largest ever, but it is small in relation to expected consumption during
More informationMarket Overview. AAAC Outlook Day. Matt Rutter PREPARED FOR:
Market Overview AAAC Outlook Day PREPARED FOR: Matt Rutter Gavilon Grain Australia Gavilon is a leading commodity management firm, connecting producers and consumers of feed, food and fuel in the U.S.
More informationFeed Grain Outlook. May 26, 2017 Volume 26, Number 29. Today s Newsletter Market Situation Crop Progress 1
Today s Newsletter Market Situation Crop Progress 1 Grain Use 1 Outside Markets 5 Marketing Strategies Seasonality 7 2017 Feed Grain Marketing Plan 7 Upcoming Reports/Events 9 Market Situation Crop Progress.
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 informationENERGY SLIDESHOW. Federal Reserve Bank of Dallas
ENERGY SLIDESHOW Updated: July 5, 2018 ENERGY PRICES www.dallasfed.org/research/energy Brent & WTI & Crude Brent Oil Crude Oil Dollars per barrel 140 120 Brent (Jun 29 = $75.24) WTI (Jun 29 = $74.03) 95%
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 informationUSDA WASDE Report. Friday April 9 th 2010 World AG Supply & Demand Estimates. Office Friday April 09, 2010
Friday April 9 th 2010 World AG Supply & Demand Estimates The trade was expecting the new carry out to incorporate additional stocks resulting from the March 31 grain stocks report which was not reflected
More informationIs that it for 2018 corn rally? Demand is good, but gains depend on weather By Bryce Knorr, senior grain market analyst
Is that it for 2018 corn rally? Demand is good, but gains depend on weather By Bryce Knorr, senior grain market analyst July weather is usually the key metric for determining corn yields, and most years,
More informationENERGY SLIDESHOW. Federal Reserve Bank of Dallas
ENERGY SLIDESHOW Updated: February 14, 2018 ENERGY PRICES www.dallasfed.org/research/energy Brent & WTI & Crude Brent Oil Crude Oil Dollars per barrel 140 Brent (Feb 9 = $65.50) WTI (Feb 9 = $62.01) 120
More informationMorning Comments
Position Management: The table shows how the Model Farm is positioned at this time. Individual recommendations may vary. 2011 Crop 2012 Crop Corn 50% sold HTA. If fall delivery needed basis is set. 30%
More informationSNAPSHOT OF THE EUROPEAN AND GLOBAL STATE OF SORGHUM
1 ST EUROPEAN SORGHUM CONGRESS WORKSHOP CONGRESS INTRODUCTION SNAPSHOT OF THE EUROPEAN AND GLOBAL STATE OF SORGHUM Olivier BOUILLET, Director Black Sea, Agritel UKRAINE CLASSIFICATION OF SORGHUM LETS FOCUS
More informationCrop Outlook: Now What?!
Crop Outlook: Now What?! Frayne Olson, PhD Crop Economist/Marketing Specialist frayne.olson@ndsu.edu 701-231-7377 NDSU Extension Service ND Agricultural Experiment Station Dept. of Agribusiness & Applied
More informationCOMPARATIVE ANALYSIS OF MONTHLY REPORTS ON THE OIL MARKET
COMPARATIVE ANALYSIS OF MONTHLY REPORTS ON THE OIL MARKET AN INTERNATIONAL ENERGY FORUM PUBLICATION MAY 2018 RIYADH, SAUDI ARABIA MAY 2018 SUMMARY FINDINGS FROM A COMPARISON OF DATA AND FORECASTS ON THE
More informationJeanne Reeves Cotton Incorporated June 4, 2013
Jeanne Reeves Cotton Incorporated June 4, 2013 Cotton Incorporated s mission is to increase the demand for and profitability of cotton through research and promotion. Market Notes 2011, highest prices
More informationThe weather continues to be the key focus in the domestic market for both summer and winter crop
ZAR/USD 13 July 2018 South African Agricultural Commodities Weekly Wrap The weather continues to be the key focus in the domestic market for both summer and winter crop growing areas. Earlier in the week,
More informationMay 12, Dear Subscriber: We will be adding material to this shell letter after todays reports are released at 11:00 a.m.
May 12, 2015 Dear Subscriber: We will be adding material to this shell letter after todays reports are released at 11:00 a.m. Be sure to click back on the link often for the latest information. Whle today
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 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 informationStructure, objectives and progress Abdolreza Abbassian, AMIS Secretary (FAO) Denis Drechsler, AMIS Project Manager (FAO)
Structure, objectives and progress Abdolreza Abbassian, AMIS Secretary (FAO) Denis Drechsler, AMIS Project Manager (FAO) Soaring and volatile prices: 2007-2008 Sharp falls in production in major producing
More informationCotton Update. Hosted by United States Fashion Industry Association (USFIA) and Cotton Incorporated
Cotton Update Hosted by United States Fashion Industry Association (USFIA) and Cotton Incorporated September 27, 2018 2:00 P.M. Eastern/11:00 A.M. Pacific At any time during the presentation, you may enter
More informationFeed Grain Outlook June 26, 2018 Volume 27, Number 38
Today s Newsletter Market Situation Crop Progress 1 Grain Use 4 Outside Markets 5 Marketing Strategies Seasonality 9 Market Situation Crop Progress. The corn crop condition index for June 25 (crop week
More informationAlthough the recent upward revision of South African maize and soybean production forecasts
ZAR/ton USD/ton ZAR/USD 29 June 2018 South African Agricultural Commodities Weekly Wrap Although the recent upward revision of South African maize and soybean production forecasts underscored the view
More informationMilk and Milk Products: Price and Trade Update
Milk and Milk Products: Price and Trade Update International dairy prices December 2017 1 The FAO Dairy Price Index d 204.2 points in November, up 11.2 points (5.8 percent) from January 2017. At this level,
More information2012 Farm Outlook. Highlights
2012 Farm Outlook Office of the Chief Economist USDA Highlights A promising spring planting was followed by historic drought. Record high commodity prices followed. Farm incomes are expected to be near
More informationTestimony to the U.S. Senate Committee on Energy and Natural Resources
Testimony to the U.S. Senate Committee on Energy and Natural Resources May 15, 2007 Kevin J. Lindemer Executive Managing Director, Global Energy Group Global Insight Advisory Services Division E-mail:
More informationRice Market Situation and Outlook
May 1 Rice Market Situation and Outlook THIRTEENTH SESSION OF THE AMIS GLOBAL FOOD MARKET INFORMATION GROUP FAO Headquarters, Rome 4 May 1 GLOBAL RICE PRODUCTION To grow by 1. percent to a fresh peak of
More information2016 Economic Summit Iowa Farm Bureau Meat Export Outlook
2016 Economic Summit Iowa Farm Bureau Meat Export Outlook Erin Borror USMEF Economist June 27, 2016 Des Moines USMEF s Global Offices and Representatives Membership Membership is comprised of nine sectors:
More informationFeed Grain Outlook June 2, 2014 Volume 23, Number 33
June 2, Today s Newsletter Market Situation Crop Progress 1 Corn Use 2 Outside Markets 3 Marketing Strategies Corn Marketing Plan 5 Upcoming Reports/Events 6 Market Situation Crop Progress. This afternoon
More informationAg Outlook Webinar. Chris Hurt, Professor, Department of Agricultural Economics
Ag Outlook Webinar Chris Hurt, Professor, Department of Agricultural Economics Michael Langemeier, Associate Director, Center for Commercial Agriculture James Mintert, Director, Center for Commercial Agriculture
More informationNathan Kauffman Economist Federal Reserve Bank of Kansas City Omaha Branch June 6, 2013
Nathan Kauffman Economist June 6, 213 The views expressed are those of the author and do not necessarily reflect the opinions of the Federal Reserve Bank of Kansas City or the Federal Reserve System. 6
More informationCommodity Outlook 2019: Corn and Soybeans Struggle to Find Strength
Commodity Outlook 2019: Corn and Soybeans Struggle to Find Strength Wayne County 2019 Agricultural Outlook Ben Brown January 30, 2019 2018: A Tale of Two Halves January-May $4.00 corn and $10.50 soybean
More informationSummary of WASDE and Production USDA
Summary of WASDE and Production USDA The following information are summary and extracts from the latest, AUG 2016, WASDE and World Agricultural Production reports provided by the United States Department
More informationMarket Monitor. Contents
Market Monitor No.22 October 2014 www.amis-outlook.org The Market Monitor is a product of the Agricultural Market Information System (AMIS). It covers the international markets for wheat, maize, rice and
More informationFeed Grains Outlook: Shifting Trade Patterns and Implications for the US Acreage Mix. May 23, 2018
Feed Grains Outlook: Shifting Trade Patterns and Implications for the US Acreage Mix May 23, 2018 The Growth of Chinese Imports May Reshape World Trade in Corn Brazil s Safrinha Crop Could Play a Key Role
More informationJUNE 2002 HOGS AND PIGS SUMMARY AND ANALYSIS
July 1, 2002 Ames, Iowa Econ. Info. 1841 Dear Readers: The Iowa Farm Outlook lost an important "silent partner". For the past 10 years Marci Cox made sure our information was readable, the graphs and tables
More informationModest revisions in WASDE Trade awaits plantings report
Agri Commodity Markets Research Modest revisions in WASDE Trade awaits plantings report Rabobank s outlook based on USDA s 1 March WASDE report: Corn Bullish Soybeans Neutral/bullish Wheat Neutral Cotton
More informationFarming is a gamble, and 2018 looked like a year when soybean growers rolled snake eyes then doubled down and rolled them again.
Take the money and run Good yields, forward sales and Sonny Money could mean a profit By Bryce Knorr, senior grain market analyst Farming is a gamble, and 2018 looked like a year when soybean growers rolled
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 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 informationMonitoring production of main producing countries
Monitoring production of main producing countries Bruno Buffaria HoU Arable Crops European Commission Directorate General for Agriculture and Rural Development AGRISAT workshop, 13/10/2010 13-14 Oct 2010
More informationGrowers who hedge now should cover the upside with call options, say selling a December SRW $6.20 call to pay for a $5.20.
Wheat market tries to get its mojo back Tighter global supplies should boost U.S. export hopes By Bryce Knorr, Senior Grain Market Analyst In a world without noise, the wheat market would be ready to rally.
More informationThis week there were no major data releases in the South African grain and oilseed market. The weaker
ZAR/ton USD/ton ZAR/USD 24 August 2018 South African Agricultural Commodities Weekly Wrap This week there were no major data releases in the South African grain and oilseed market. The weaker domestic
More informationWorld trade in Grains and Oilseeds: Milestones for 2010
World trade in Grains and Oilseeds: Milestones for 2010 By Dr. Robert Wisner Biofuels Economist & University Professor AgMarketing Resource Center Iowa State University Ames, Iowa U.S.A. Topics to Be Discussed
More informationAddressing Food Price Volatility:
Addressing Food Price Volatility: Actions and Tools The Role of the CFS and Way Forward David Nabarro: 27 th May 2011 The Challenge A turbulent season for grain prices US$/MT 400 350 300 Russian export
More informationJanvier D. Nkurunziza, Commodities Branch, UNCTAD
United Nations Conference on Trade and Development 10th MULTI-YEAR EXPERT MEETING ON COMMODITIES AND DEVELOPMENT 25-26 April 2018, Geneva Recent trends and outlook on commodity markets By Janvier D. Nkurunziza,
More informationWheat Outlook. Economic Research Service August 14, Approved by the World Agricultural Outlook Board
Wheat Outlook Economic Research Service August 14, 008 U.S. Department of Agriculture WHS-08gt text and tables Approved by the World Agricultural Outlook Board U.S. Wheat Production Nearly Unchanged From
More informationMay 10, USDA World Supply and Demand Estimates
May 10, 2018 - USDA World Supply and Demand Estimates Corn Market Reaction: July 2018 corn futures closed down ¾ cent at $4.02 with a trading range for the day of $4.00 to $4.07. December 2018 corn futures
More informationCOMMITTEE ON WORLD FOOD SECURITY
September 2012 CFS 2012/39/Inf.14 E COMMITTEE ON WORLD FOOD SECURITY Thirty-ninth Session Rome, Italy, 15-20 October 2012 UPDATE O THE AGRICULTURAL MARKET I FORMATIO SYSTEM (AMIS) This document is printed
More information