Sugar crop in key India state seen at record despite rains

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MUMBAI: Recent heavy rainfall in India’s top sugar producing Maharashtra state will not hurt the cane crop, which is still expected to yield a record 9.3 million tonnes of sugar, a senior state government official said on Friday. "Rainfall at this stage is beneficial for the crop’s vegetative growth. We are expecting better cane yields,"…


Morning markets: wheat leads crop price fall into month-end

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Can the sellers get the upper hand this time? For a second day, early deals witnessed bears getting some traction in agricultural commodity markets, notably in wheat, which set course for a third day of losses, on a neutral day for external markets. (Tokyoshares closed up a smidgen, but oil and copper futures were marginally…


Crop supplies tight, record prices – FAPRI update

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Tight crop supplies and record farm prices dominate a midyear baseline update from the Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri. “Drought, floods and changing economics raise the outlook for many agricultural commodities,” said Pat Westhoff, director, MU FAPRI. A new baseline update takes those changes into account, Westhoff said,…


Morning markets: crop prices build on US yield fears

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And the verdict is… bullish. Corn is not expensive enough yet. At least, investors took the first chance they have had to trade since the ProFarmer crop tour results late on Friday to send corn prices higher again. The tour pegged the US corn yield at 147.9 bushels per acre. And while it is not…


Ag representatives hope to maintain crop insurance program

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Representatives from the agriculture industry delivered a consistent and strong message Thursday during the United States Department of Agriculture’s 2012 Farm Bill hearing in Wichita — do not diminish the crop insurance program. “Crop insurance is the most important foundation of a farmer’s safety net,” said Kenneth McCauley, a White Cloud farmer that represented the…


Yield reports push crop prices up

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More reports of smaller-than-expected corn and soybean yields this year set off another rally Friday on the Chicago Board of Trade. “This is a weather-driven rally,” said Don Roose of US Commodities in West Des Moines. “We’re in a race to the bottom on yields.” Farmers, end-users and traders had hoped for bumper crops this…


A ‘no-grow’ wheat crop

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After the failure of many of their summer crops due to drought, producers now have good reason to worry that they won’t make a winter wheat crop either, according to a Texas AgriLife Extension Service expert. "There are some real concerns right now, not only about potentially getting the crop up in the future, but…


U.S. grains tread water ahead of crop report, Fed speech

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(Reuters) – U.S. grain and soybean futures edged lower in early Asian trading on Friday as traders took to the sidelines waiting for a key report on the state of U.S. crops following a crop tour and a key Federal Reserve speech on the U.S. economy. Private firm Pro Farmer will release a national corn…


Firmer grain markets on quality fears

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Wheat prices firmed again this week as fears for maize and milling wheat quality boosted futures prices in the US and in Europe. However there has been high level of fund activity recently and the market is still very sensitive to any news on the global economic outlook. A rise in US spring wheat futures…


Crop declines ‘threaten US corn, soy yield cuts’

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A further decline in the condition of US crops, notably in Illinois, the second-ranked producing state of corn and soybeans, has raised fears of further downgrades to official yield estimates. "Condition ratings in key Corn Belt state Illinois continue to plummet," Paul Deane at Australia & New Zealand Bank said, after the US Department of…


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