World Wheat Supply and Demand. Crop Quality Seminars 2013 Ian Flagg

Size: px
Start display at page:

Download "World Wheat Supply and Demand. Crop Quality Seminars 2013 Ian Flagg"

Transcription

1 World Wheat Supply and Demand Crop Quality Seminars 2013 Ian Flagg

2 Beginning Stocks Exporter beginning stocks down 35% from 5-year average /00 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 Historical 5 Major Exporters Black Sea Others

3 World Production and Use Production Surplus 4 out of last 6 years MMT /05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 Production Use

4 World Wheat Production 2013 up 54 MMT from 2012 Canada +4.3 MMT U.S MMT EU +9.8 MMT Russia MMT Ukraine +6.2 MMT Kazakhstan +5.7 MMT Up 40%! China +0 MMT India +3 MMT AUS +3.4 MMT ARG +2.0 MMT 4

5 Year-to-year production changes Year-Over-Year Change (MMT) (20) 16 (22) 3 45 (40) (35) (42) (60) 99/00 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 Production Consumption

6 Exporter Supplies Year Average MMT /04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 Beginning Stocks Production

7 World Wheat Trade 2013 up 16 MMT from 2012 Canada +2.5 MMT EU +1.4 MMT Russia +5.8 MMT Ukraine +2.2 MMT Kazakhstan +1.3 MMT US +2.6 MMT China +5.5 MMT India -0.6 MMT ARG +1.0 MMT 35% below 10-year average Major Exporters: MMT MMT Up 17 MMT AUS +0 MMT 7

8 World Ending Stocks MMT /07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 5-Major Black Sea ROW China India

9 Stocks/Use Ratio Percent /00 01/02 03/04 05/06 07/08 09/10 11/12 13/14

10 % of Ending Stocks Held by Exporters 80.0% Major Exporters India China 70.0% 60.0% 50.0% 40.0% 22.5% 1.3% 28.8% 30.5% 3.4% 4.5% 27.3% 27.1% 29.9% 29.5% 31.8% 8.0% 8.0% 7.8% 10.1% 13.0% 31.9% 11.3% 30.0% 20.0% 47.0% 35.4% 32.6% 38.8% 39.8% 37.8% 34.9% 29.8% 28.9% 10.0% 0.0% 2005/ / / / / / / / /2014

11 Ending Stocks and Price MMT $/MT /86 86/87 87/88 88/89 89/90 90/91 91/92 92/93 93/94 94/95 95/96 96/97 97/98 98/99 99/00 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 5-Major Black Sea ROW HRW price 0

12 World and U.S. Wheat Supply and Demand World and Exporter Overview U.S. Overview Outlook

13 U.S. Crop Planted Area Million Hectares /81 81/82 82/83 83/84 84/85 85/86 86/87 87/88 88/89 89/90 90/91 91/92 92/93 93/94 94/95 95/96 96/97 97/98 98/99 99/00 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 Wheat Corn Soybeans

14 U.S. Situation Beginning stocks Production Imports Domestic Use Exports

15 U.S. Wheat Production by Class 12/13 13/14 Change (%) HRW % HRS % HARD TOTAL % SRW % White % SOFT TOTAL % Durum % 15

16 Export Commitments as of Nov /05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14

17 U.S. Sales by Destination / / MMT

18 Sales by U.S. Class % 70% % 50% MMT % % 20% HRW HRS White SRW Durum 2013/ /13 % of Expectation 10% 0%

19 U.S. Wheat Ending Stocks by Class Total Ending Stocks: 28% below 5-year average Lowest level since 2007/08 MY MMT HRW HRS SRW White Durum 07/08 08/09 09/10 10/11 11/12 13/14

20 World and U.S. Wheat Supply and Demand World and Exporter Overview U.S. Overview Outlook

21 Outlook Southern Hemisphere Harvest Argentine Politics Non-Mercuser Supplies U.S. and World corn and soybean production China Imports and Production Outlook Negative production trends Winter wheat plantings U.S. Outlook Black Sea mixed

22 Southern Hemisphere Australia Large crop; MMT Frost damage; likely impact less than 200 TMT Low protein Logistical constraints buy forward Argentina Political problems stunt exports Private local production estimates at 9.5 MMT vs USDA 11 MMT Brazil will need to import 3.5 MMT from non-mercosur countries. Max 1 MMT imports from Argentina compared to average of 4 MMT Will Argentina continue to be a major exporter?

23 Argentina: Wheat on Downward Trend 25 Harvested Area (million hectares) Harvested Area Growth Rate Corn 2.9% Soybeans 5.2% Wheat -3.0% /01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 Corn Soybean Wheat

24 Argentina: Wheat on Downward Trend MMT Beginning stocks Production Imports Exports Domestic use

25 World Corn Production, Use and Trade MMT Production Surplus Record Ending Stocks: 164 MMT Production and Use (MMT) Trade (MMT) /05 07/08 10/11 13/14 Production Use Trade 0

26 World Soybeans Production, Use and Trade Production and Use (MMT) Trade (MMT) /05 07/08 10/11 13/14 Production Use Trade 0

27 China Imports Imports (mmt)

28 China: Dry Planting Conditions North China: 45% of total production

29 China: Dry Planting Conditions

30 Russian Winter Wheat Region Production concentrated in Central and Southern districts 30

31 Russia/Ukraine: Delayed Planting Too Wet and Cold

32 Russia: Delayed Planting Winter wheat plantings down 8%. More in Ukraine.

33 Russia/Ukraine: Crop Development

34 Ukraine: Competition for Land Corn Oilseeds Wheat

35 US Planting Conditions

36

37 Conclusions Record Production: World awash in wheat, soybeans and corn Record wheat use limits stock building Ending stocks nearly flat from last year Price Outlook Downside? Record corn and soybean production Northern hemisphere 2014 outlook positive; still early Indian exports will limit ease late season supply pressure Upside? China: Large imports this year. Possibly next? Where s the protein? Exporter stocks still tight Black Sea supply limited for LH of marketing year Logistical Constraints; Australia and Canada

38 U.S. Wheat The World s Most Reliable Choice 38

Grain Market Outlook for

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 information

Agriculture Commodity Markets & Trends

Agriculture 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 information

Bunge - Wheat Market update. IAOM Manila 2012

Bunge - 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 information

Black Sea Grain: Export expansion, new markets, Outlook for 2014

Black 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 information

U.S. 2013/14 Wheat Year in Review: Smaller Supplies and Higher Exports Lower Ending Stocks

U.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 information

Fresh Peaches and Cherries: World Markets and Trade

Fresh 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 information

Baltic Sea Wheat Update 2014

Baltic Sea Wheat Update 2014 Baltic Sea Wheat Update 2014 IAOM Mideast and Africa Conference Indrek Aigro, Copenhagen Merchants 6 December, 2014 Overview Growing season 2014 Wheat harvest by country Quality Exports Russian Grain through

More information

The dynamics of global food and agribusiness

The 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 information

Argentina. Poultry and Products Annual. Argentina Poultry & Products Annual

Argentina. 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 information

Ukraine Winter Wheat: Sowing Progress (All years include estimated area for Crimea.)

Ukraine Winter Wheat: Sowing Progress (All years include estimated area for Crimea.) Sept 7 Sept 14 Sept 21 Sept 28 Oct 5 Oct 12 Oct 19 Oct 26 Nov 2 Nov 9 Nov 16 Million hectares 1,000 hectares 8,000 7,000 6,000 Ukraine Winter Wheat: Sowing Progress (All years include estimated area for

More information

April 9, Dear Subscriber:

April 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 information

KSU Agriculture Today Radio Notes

KSU 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 information

Wheat Year in Review (International): Low 2007/08 Stocks and Higher Prices Drive Outlook

Wheat 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 information

World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts. Lockup Briefing July 11, 2014

World 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 information

John 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 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 information

THE SOUTH AFRICAN GRAIN MARKETS QUARTERLY EARLY WARNING REPORT NO. 02 OF 2013

THE 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 information

2017 Crop Market Outlook

2017 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 information

World Sorghum Grain Producers

World 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 information

Santa 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 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 information

World Corn Market Supply Demand Trends

World 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 information

India. India Grain Voluntary Update - October 2017

India. India Grain Voluntary Update - October 2017 THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Voluntary - Public Date: 10/3/2017 GAIN Report Number:

More information

Predicting future factors in meat supply and demand

Predicting future factors in meat supply and demand New perspectives Predicting future factors in meat supply and demand Nan-Dirk Mulder, Rabobank International Contents Section 1: Section 2: Short term outlook Long term outlook Rabobank International Rabobank:

More information

Ending stocks can adjust due to a variety of factors from changes in production as well as adjustments to beginning stocks and demand.

Ending 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 information

THIS 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. 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 information

Crops Marketing and Management Update

Crops 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 information

World Agricultural Supply And Demand Estimates

World Agricultural Supply And Demand Estimates United States Department of Agriculture Office of the Chief Economist World Agricultural Supply And Demand Estimates Agricultural Marketing Service Economic Research Service Farm Service Agency Foreign

More information

Wheat Outlook. U.S. 2017/18 all-wheat area planted projected to be smallest on record. Figure 1: U.S. wheat planted area by class

Wheat 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 information

IFA Medium-Term Fertilizer Outlook

IFA 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 information

Soybean Supply and Demand Forecast

Soybean 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 information

Update on Cotton: Prices, Responsible Sourcing, and Resources for Your Business

Update on Cotton: Prices, Responsible Sourcing, and Resources for Your Business Update on Cotton: Prices, Responsible Sourcing, and Resources for Your Business Hosted by United States Fashion Industry Association (USFIA) & Cotton Incorporated August 30, 2016 2:00 P.M. Eastern/11:00

More information

OUTLOOK FOR US AGRICULTURE

OUTLOOK 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 information

Soy Canada SOYBEAN PROCESSING WORKSHOP PRESENTATION NOVEMBER 16, 2017 BRANDON, MANITOBA

Soy 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 information

Demand Pull Pressure (Again)

Demand Pull Pressure (Again) Near Term Potash Outlook Demand Pull Pressure (Again) Fertilizer Outlook and Technology Conference Savannah, GA November 17, 2010 Dr. Michael R. Rahm Vice President, Market and Strategic Analysis The Mosaic

More information

Indian Soybean meal- Demand /Supply. Pawan Kumar, Consultant, USSEC

Indian Soybean meal- Demand /Supply. Pawan Kumar, Consultant, USSEC Indian Soybean meal- Demand /Supply Pawan Kumar, Consultant, USSEC USSEC INTRODUCTION We Represent U S farmers U S Industry U S Department of Agriculture We work on finding new applications of soy & Implement

More information

Iowa Farm Outlook. December 2015 Ames, Iowa Econ. Info Replacement Quality Heifer Prices Supported by Latest Data

Iowa 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 information

The weather models continue to paint an optimistic picture for the new season. The South African maize belt could

The weather models continue to paint an optimistic picture for the new season. The South African maize belt could 22 September 2017 South African Agricultural Commodities Weekly Wrap The weaker domestic currency, coupled with higher Chicago grains and oilseed prices led to widespread gains in the South African agricultural

More information

THE SOUTH AFRICAN GRAIN MARKETS QUARTERLY EARLY WARNING REPORT NO. 01 OF 2013

THE SOUTH AFRICAN GRAIN MARKETS QUARTERLY EARLY WARNING REPORT NO. 01 OF 2013 THE SOUTH AFRICAN GRAIN MARKETS QUARTERLY EARLY WARNING REPORT 1. SUMMARY NO. 01 OF 2013 The domestic closing stocks for maize in the current season are expected to contract by about 21.39% on the back

More information

US Grain Production how does it compare from a Global Perspective?

US 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 information

CORN: DECLINING WORLD GRAIN STOCKS OFFERS POTENTIAL FOR HIGHER PRICES

CORN: 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 information

Agricultural Outlook Forum Presented: February 24-25, 2011 U.S. Department of Agriculture. Poultry Export Markets- Present and Future.

Agricultural Outlook Forum Presented: February 24-25, 2011 U.S. Department of Agriculture. Poultry Export Markets- Present and Future. Agricultural Outlook Forum Presented: February 24-25, 2011 U.S. Department of Agriculture Poultry Export Markets- Present and Future Thierry Murad USDA Agricultural Outlook Forum Thierry Murad 25 February

More information

IS THE RICE SUPPLY MORE IMPORTANT THAN RICE DEMAND TO THE PRICE?

IS THE RICE SUPPLY MORE IMPORTANT THAN RICE DEMAND TO THE PRICE? IS THE RICE SUPPLY MORE IMPORTANT THAN RICE DEMAND TO THE PRICE? WATER IS THE KEY TO RICE SUPPLY IF THE COST OF WATER GOES UP, SO WILL THE RICE PRICE. BY MILO HAMILTON WWW.FIRSTGRAIN.COM INDIA/CHINA ARE

More information

Global Review of Commercialized Transgenic Crops: 2002 Feature: Bt Maize

Global Review of Commercialized Transgenic Crops: 2002 Feature: Bt Maize I S A A A INTERNATIONAL SERVICE FOR THE ACQUISITION OF AGRI-BIOTECH APPLICATIONS EXECUTIVE SUMMARY Global Review of Commercialized Transgenic Crops: 2002 Feature: Bt Maize by Clive James Chair, ISAAA Board

More information

ICF Propane Inventory Update and Winter 2014/15 Supply Assessment

ICF Propane Inventory Update and Winter 2014/15 Supply Assessment ICF Propane Inventory Update and Winter 2014/15 Supply Assessment October 30, 2014 Michael Sloan Principal ICF International 703-218-2753 Michael.Sloan@icfi.com Andrew Duval Research Assistant ICF International

More information

Global Wheat Trends. World wheat production and consumption

Global 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 information

Need to Know Facts about Staples trade in Zambia

Need to Know Facts about Staples trade in Zambia Need to Know Facts about Staples trade in Zambia Presented by Stephen Kabwe, Brian Chisanga and Chance Kabaghe Food Trade Advisory Forum, 25 January 2016 INDABA AGRICULTURAL POLICY RESEARCH INSTITUTE Outline

More information

FRIEDBERG 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. 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 information

POLIEKSPO POLIEKSPO POLIEKSPO IT S GROUP OF COMPANIES PRESENTATION

POLIEKSPO POLIEKSPO POLIEKSPO IT S GROUP OF COMPANIES PRESENTATION POLIEKSPO POLIEKSPO GROUP OF COMPANIES PRESENTATION POLIEKSPO IT S Group of Companies led by "Poliekspo" is stable Ukrainian farmers, investor and exporter, an active participant in the agricultural market

More information

THIS 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. 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: 4/1/2015

More information

Bumper yields in Australia stabilized markets going into Northern Hemisphere growing season Difficult conditions in Europe

Bumper 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 information

GROUNDNUT PRICES LIKELY TO BE AROUND Rs. 4800/q AT HARVEST

GROUNDNUT PRICES LIKELY TO BE AROUND Rs. 4800/q AT HARVEST GROUNDNUT PRICES LIKELY TO BE AROUND Rs. 4800/q AT HARVEST India is the second largest producer of groundnut in the world. On the global front, China leads in production, making up some 42 per cent of

More information

Current Trends in Ethanol, Bioplastics, Cogeneration and Sustainability

Current Trends in Ethanol, Bioplastics, Cogeneration and Sustainability 11 September 2014 Kingsman Miami Sugar Conference Current Trends in Ethanol, Bioplastics, Cogeneration and Sustainability Jose Orive Executive Director 1 Structure of Presentation Quick Round-up on World

More information

Food Outlook Global Market Analysis

Food Outlook Global Market Analysis Food Outlook Global Market Analysis May 2012 ISSN 1560-8182 HIGHLIGHTS Global food prices seem to have stabilized at a relatively high level of around 214 points as measured by the FAO Food Price Index.

More information

Challenges in Chinese Agricultural Supply and Potato Staple Food Strategy. Chao Lu Visiting Scholar University of Florida

Challenges in Chinese Agricultural Supply and Potato Staple Food Strategy. Chao Lu Visiting Scholar University of Florida Challenges in Chinese Agricultural Supply and Potato Staple Food Strategy Chao Lu Visiting Scholar University of Florida Outline 1 Challenges in Chinese Agricultural Supply 2 Potato Staple Food Strategy

More information

Agricultural Sources of Biomass

Agricultural Sources of Biomass Agricultural Sources of Biomass Considerations of Agricultural Biomass Agricultural biomass is an acreage and volume business Acreage distribution a factor Low density, high volume Cost and logistics of

More information

Hog:Corn Ratio What can we learn from the old school?

Hog: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 information

This Week. World Wheat Production and Markets 1

This 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 information

A M E R O P A. Fertilizers. presentation for ASBA Cargo Conference in Miami FL. 28 Sept 2017

A M E R O P A. Fertilizers. presentation for ASBA Cargo Conference in Miami FL. 28 Sept 2017 A M E R O P A Fertilizers presentation for ASBA Cargo Conference in Miami FL 28 Sept 2017 Overview What are Chemical (N P K) Fertilizers? Fertilizer Market Outlook to 2021 (Supply and Demand) Global Fertilizer

More information

Who Will Own the Grain? Elevators Eye Improved Prospects

Who 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 information

Ammonia costs spike sharply higher Nitrogen prices disrupt calm in fertilizer market By Bryce Knorr, grain market analyst

Ammonia costs spike sharply higher Nitrogen prices disrupt calm in fertilizer market By Bryce Knorr, grain market analyst Ammonia costs spike sharply higher Nitrogen prices disrupt calm in fertilizer market By Bryce Knorr, grain market analyst Ammonia joined other forms of nitrogen in the parade of higher costs, with contracts

More information

Emerging Global Trade Patterns: USDA s Long-term Agricultural Projections

Emerging Global Trade Patterns: USDA s Long-term Agricultural Projections Emerging Global Trade Patterns: USDA s Long-term Agricultural Projections Midwest Agriculture s Ties to the Global Economy Federal Reserve Bank of Chicago November 28, 217 Chicago Jim Hansen, Ph.D. USDA,

More information

Iowa Farm Outlook. June 2017 Ames, Iowa Econ. Info Strong Prices with Large Slaughter Suggest Firm Meat Demand

Iowa Farm Outlook. June 2017 Ames, Iowa Econ. Info Strong Prices with Large Slaughter Suggest Firm Meat Demand Iowa Farm Outlook 0BDepartment of Economics June 2017 Ames, Iowa Econ. Info. 2086 Strong Prices with Large Slaughter Suggest Firm Meat Demand USDA gathers and reports a plethora of slaughter data that

More information

International Benchmarks for Wheat Production

International 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 information

China - Commodities. Dragon shift 4Q2012. When the biggest nation building ends. Institutional Equities

China - Commodities. Dragon shift 4Q2012. When the biggest nation building ends. Institutional Equities Institutional Equities Dragon shift 4Q212 When the biggest nation building ends Our previous INCH reports Tiger Tong (65) 6511 6169 Contents Dragon shift... 1 The world s biggest nation building exercise

More information

Potash Outlook Presentation

Potash Outlook Presentation Potash Outlook Presentation TFI Outlook Conference November 16, 2011 Yao Yao Manager, Market Research Source: from view PotashCorp.com menu, turn off if not needed Forward-Looking Statements This presentation

More information

Price Monitoring for Food Security in the Kyrgyz Republic

Price Monitoring for Food Security in the Kyrgyz Republic Issue 16 January-February 2017 Price Monitoring for Food Security in the Kyrgyz Republic Monthly monitoring and outlook of basic food prices in the Kyrgyz Republic Highlights and outlook for the next few

More information

Globalization: Implications for U.S. and Oklahoma Agriculture. Stillwater, Oklahoma November 9, 2012

Globalization: Implications for U.S. and Oklahoma Agriculture. Stillwater, Oklahoma November 9, 2012 Globalization: Implications for U.S. and Oklahoma Agriculture Stillwater, Oklahoma November 9, 2012 1 We Are Just One World Now Steve Jobs 2 From Today Forward will Be a profitable growth industry Be an

More information

LINSEED : PRODUCTION IN EUROPE AND POTENTIALITIES FOR THE FUTURE

LINSEED : PRODUCTION IN EUROPE AND POTENTIALITIES FOR THE FUTURE LINSEED : PRODUCTION IN EUROPE AND POTENTIALITIES FOR THE FUTURE 3 rd Thematic workshop of Crops2industry EU Project Bordeaux, February 18 th, 2011 Françoise LABALETTE (ONIDOL) 1 Production in Europe 2

More information

Canadian Agriculture and International Trade Negotiations. February 5, 2014

Canadian Agriculture and International Trade Negotiations. February 5, 2014 Canadian Agriculture and International Trade Negotiations February 5, 2014 Trade is essential for the agricultural sector Sustained growth of the sector depends on Canada s ability to remain competitive

More information

CountryWatch Agricultural Forecast 2015

CountryWatch Agricultural Forecast 2015 CountryWatch Agricultural Forecast 2015 Global Agricultural Market Conditions The world agricultural markets mirrored the pace of economic activity and global weather patterns in early 2015. The key driving

More information

Analysis & 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. 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 information

EU trade policy for mining and metals

EU trade policy for mining and metals JOINT STUDY GROUPS' SEMINAR EU trade policy for mining and metals Lisbon, 22.04.2015 Caroline Boeshertz, European Commission, DG Trade Outline Raw materials and trade global challenges The EU Trade policy

More information

SUGAR COFFEE. Keith Flury Senior Commodity Analyst

SUGAR COFFEE. Keith Flury Senior Commodity Analyst + Agri Commodities Monthly BULLS BACK ON TRACK Despite the recent investor sell off, we maintain our bullish outlook for many agri commodity products as tight supply coupled with strong demand supports

More information

Responsible Investment in Large-Scale Agriculture in Emerging Countries: The Brazilian Experience with Soybeans

Responsible Investment in Large-Scale Agriculture in Emerging Countries: The Brazilian Experience with Soybeans Responsible Investment in Large-Scale Agriculture in Emerging Countries: The Brazilian Experience with Soybeans Peter Goldsmith Director Food and Agribusiness Management Program University of Illinois

More information

Chapter 10: Agriculture

Chapter 10: Agriculture Chapter 10: Agriculture Introduction and Case Study (p. 326-328) 1. What is the typical human like? 2. Why does farming vary from place to place? 3. Case Study: Describe the difference between wheat farming

More information

THIS 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. 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 information

China s Choice and its implication: Import meat or soybean

China s Choice and its implication: Import meat or soybean China s Choice and its implication: Import meat or soybean Li Shantong, He Jianwu With the increase of population and households income level, China s demand on meat will continue to rise rapidly. However,

More information

ISSN Food Outlook BIANNUAL REPORT ON GLOBAL FOOD MARKETS

ISSN Food Outlook BIANNUAL REPORT ON GLOBAL FOOD MARKETS ISSN 1560-8182 Food Outlook BIANNUAL REPORT ON GLOBAL FOOD MARKETS June 2013 The FAO Food Outlook Team is pleased to present this new edition of Food Outlook which incorporates many improvements, including

More information

T HE B OSTON C ONSULTING GROUP. Maximising Returns To Growers Supplying The National Export Wheat Pool

T HE B OSTON C ONSULTING GROUP. Maximising Returns To Growers Supplying The National Export Wheat Pool Maximising Returns To Growers Supplying The National Export Wheat Pool Strategic Review for AWB (International) Limited July 2004 T HE B OSTON C ONSULTING GROUP Table Of Contents INTRODUCTION... 3 THE

More information

World butter production

World butter production The Global Butter Market New Opportunities? International Dairy Magazine. PM FOOD & DAIRY CONSULTING has publishing a report about the Global Butter Market. It is a comprehensive analysis of the butter

More information

GTAP Research Memorandum No. 28

GTAP Research Memorandum No. 28 Development of the GTAP Land Use Data Base for 2011 By Luis Peña-Lévano Farzad Taheripour Wallace E. Tyner GTAP Research Memorandum No. 28 June 2015 Development of the GTAP Land Use Data Base for 2011

More information

LONG-TERM FORECASTING OF WORLD GRAIN TRADE AND U.S. GULF EXPORTS

LONG-TERM FORECASTING OF WORLD GRAIN TRADE AND U.S. GULF EXPORTS The Navigation Economic Technologies Program July 30, 2004 navigation economics technologies LONG-TERM FORECASTING OF WORLD GRAIN TRADE AND U.S. GULF EXPORTS Submitted to the Transportation Research Board

More information

Bassem Sami Akl Akl JBS Brazil Technical Services Director

Bassem Sami Akl Akl JBS Brazil Technical Services Director Bassem Sami Akl Akl JBS Brazil Technical Services Director May, 2017 RELEVANCE OF AGRIBUSINESS TO BRAZIL * *Gross Domestic Product 2015 Data RELEVANCE OF AGRIBUSINESS TO BRAZIL - LIVESTOCK * *Gross Domestic

More information

Rice Outlook and Baseline Projections. University of Arkansas Webinar Series February 13, 2015 Nathan Childs, Economic Research Service, USDA

Rice Outlook and Baseline Projections. University of Arkansas Webinar Series February 13, 2015 Nathan Childs, Economic Research Service, USDA Rice Outlook and Baseline Projections University of Arkansas Webinar Series February 13, 2015 Nathan Childs, Economic Research Service, USDA THE GLOBAL RICE MARKET PART 1 The 2014/15 Global Rice Market:

More information

Agrium: Growing Across the Value Chain

Agrium: Growing Across the Value Chain Agrium: Growing Across the Value Chain February 2009 Forward-Looking Statements Certain statements in this presentation constitute forward-looking statements. Such forwardlooking statements involve known

More information

marketreport FEBRUARY 2016

marketreport FEBRUARY 2016 marketreport FEBRUARY 2016 Onion & Garlic Dehydrated Onion Market Summary 2016 US onion crop planting progressing well; El Nino having benefic impact on CA snowpack and precipitation; Chopped/ minced and

More information

An Analysis of the Impact of ENSO (El Niño/Southern Oscillation) on Global Crop Yields. John N. (Jake) Ferris Professor Emeritus

An Analysis of the Impact of ENSO (El Niño/Southern Oscillation) on Global Crop Yields. John N. (Jake) Ferris Professor Emeritus Staff Paper An Analysis of the Impact of ENSO (El Niño/Southern Oscillation) on Global Crop Yields John N. (Jake) Ferris Professor Emeritus Staff Paper 99-11 May 1999 Department of Agricultural Economics

More information

Commodity Market Outlook

Commodity 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 information

Price Monitoring for Food Security in the Kyrgyz Republic

Price Monitoring for Food Security in the Kyrgyz Republic Issue 17 March-April 2017 Price Monitoring for Food Security in the Kyrgyz Republic Monthly monitoring and outlook of basic food prices in the Kyrgyz Republic Highlights and outlook for the next few months

More information

Outlook of the World Rice Industry Under Alternative Trade Liberalization Policies in Japan and Korea

Outlook of the World Rice Industry Under Alternative Trade Liberalization Policies in Japan and Korea Agricultural Economics Report No. 433 December 1999 Outlook of the World Rice Industry Under Alternative Trade Liberalization Policies in Japan and Korea Won W. Koo Richard D. Taylor Department of Agricultural

More information

The Impacts of Energy Prices on Global Agricultural Commodity Supply. Getachew Nigatu, Kim Hjort, James Hansen, and Agapi

The Impacts of Energy Prices on Global Agricultural Commodity Supply. Getachew Nigatu, Kim Hjort, James Hansen, and Agapi The Impacts of Energy Prices on Global Agricultural Commodity Supply Getachew Nigatu, Kim Hjort, James Hansen, and Agapi Somwaru @* Selected paper prepared for presentation at the Agricultural and Applied

More information

World Agricultural Supply and Demand Estimates United States Department of Agriculture

World Agricultural Supply and Demand Estimates United States Department of Agriculture ISSN: 1554-9089 Office of the Chief Economist World Agricultural Supply and Demand Estimates United States Department of Agriculture Agricultural Marketing Service Farm Service Agency Economic Research

More information

Jabs International Pvt. Ltd.

Jabs International Pvt. Ltd. 1 Cumin 1 Global Cumin Production Cumin's Global Cumin Seed production is around 200-215 thousand tons. India is the leading in terms of cumin seed production and consumption. India, Syria and Turkey contributing

More information

Where will cotton be in 10 years time? A vision for the future. Plexus Cotton Limited March 2011

Where will cotton be in 10 years time? A vision for the future. Plexus Cotton Limited March 2011 Where will cotton be in 10 years time? A vision for the future. Plexus Cotton Limited March 2011 Trying to predict the future is like trying to drive down a country road, at night, with no lights, while

More information

Field Pea and Lentil Marketing Strategies

Field 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 information

COTTON REPORT. Kai Hughes. Cotton Production & Trade Trends. Executive Director International Cotton Advisory Committee

COTTON REPORT. Kai Hughes. Cotton Production & Trade Trends. Executive Director International Cotton Advisory Committee COTTON REPORT Kai Hughes Executive Director International Cotton Advisory Committee Cotton Production & Trade Trends International Cotton Advisory Committee WORLD COTTON AREA AND PRICES US cts/lb 18 15

More information

Global Cattle Feed Market Research Report- Forecast to 2023

Global Cattle Feed Market Research Report- Forecast to 2023 Report Information More information from: https://www.marketresearchfuture.com/reports/3212 Global Cattle Feed Market Research Report- Forecast to 2023 Report / Search Code: MRFR/F-B & N/2321-HCRR Publish

More information

Organic Agriculture in Moldova An Opportunity for Greening the Economy

Organic Agriculture in Moldova An Opportunity for Greening the Economy Organic Agriculture in Moldova An Opportunity for Greening the Economy wwww.green-economies-eap.org Organic Agriculture in Moldova: An Opportunity for Greening the Economy Activities of the agricultural

More information

Rising Food Prices in East Asia: Challenges and Policy Options

Rising 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 information

BSE, U.S. Beef Trade and Cattle Feeding Industry

BSE, U.S. Beef Trade and Cattle Feeding Industry BSE, U.S. Beef Trade and Cattle Feeding Industry Lal K. Almas West Texas A&M University, Division of Agriculture, WTAMU Box 60998, Canyon, Texas 79016 lalmas@mail.wtamu.edu W. Arden Colette West Texas

More information