Morning markets: crop retreat slows in line with shares, oil

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The declines in share markets keep on coming. The turn of Asian shares to sit on investors’ weighing machine produced more of the declines which marred their Western peers on Thursday. There was some sign of assets disappearing down the toilet less fast than in the last session, although it might not appear so from…


Heat wave may hit corn crop—and food prices

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If the scorching heat wave continues much longer, there could be an impact on the U.S. corn crop—and on consumer’s wallets. “We’ve had oppressive heat indexes, and we’re into the stage of pollination. Anything that interferes with the pollination process will reduce (corn crop) yield potential,” said Shawn McCambridge of Jefferies Bache. Corn futures prices…


Strong real crushes hopes for Brazil farm profit

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Higher fuel and fertilizer costs, weaker crop prices and a strengthening real have knocked more than 20% off Brazilian farmer profit hopes in three months – but growers in fellow Bric country Russia look set for significantly better returns. Deere & Co, the tractor giant, slashed by $5.9bn to $20.2bn its forecast for total farm…


Protein crop trials to boost soil quality

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THE most colour at Cropvale is from a trial looking at short-term protein crops and whether they could have a role in the UK. Mr Long said it was not so much about getting forage from these crops, but growing them for a short period in the summer to fix nitrogen and improve the soil.…


Bumper English crop means chips are down for our potato growers

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POTATO growers in Pembrokeshire are facing up to their lowest returns for years after the fine spring meant a bumper early crop from eastern England hitting the marketplace just as the season peaks for Welsh farmers. One of the major buyers described the situation as “a low-price season” all round, with matters made worse by…


Crop prospects send Midwest land prices soaring

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Better crop prospects have, combined with record low interest rates, shielded the Midwest agriculture from the "wilted" farm income prospects further south, helping farmland prices soar at their fastest pace in more than 30 years. Farm values in states including Illinois, Indiana and Iowa were 17% higher in the April-to-June quarter than a year before,…


Ukraine acts to lift exports of growing grain crop

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Ukraine has unveiled further moves to boost its grain exports, which are flagging even as harvest hopes have grown, with UkgrAgroConsult upgrading its production estimate, and Astarta unveiling a jump in yields. The country’s trade ministry unveiled preferential credit treatment for grain exporters, in an effort to kick-start shipments which reached only 338,000 tonnes in…


Farmers skeptical of USDA crop progress

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Corn and soybean conditions didn’t change over the last week, according to Monday’s USDA-NASS weekly Crop Progress report. But, if you ask farmers around the Corn Belt, the numbers may not paint the clearest picture of how the crops are faring, especially the corn crop. As of Sunday, 60% of the corn crop is in…


Corn, Soybean Crop Conditions Unchanged, USDA Says; Cotton Gains

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The condition of the U.S. corn and soybean crops was unchanged last week, the U.S. Department of Agriculture said. About 60 percent of the corn in the top 18 producing states was in good or excellent condition as of yesterday, the USDA said today in a report. A year earlier, 69 percent got the top…


Hopyards crop up across NY to supply craft brewers

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JOHNSONVILLE, N.Y. (AP) — Once the center of hop production for America’s breweries, New York state is seeing a rebirth of hop farming to satisfy a growing demand for regional craft beers and homemade brews. Hop-farming was highly profitable in New York state in the 19th century, with 90 percent of all American hops coming…


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