Kazakhstan’s grain production up 60%

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Kazakhstan’s grain production is expected to jump this year to 19.2 million tonnes, up 60% on last year’s drought affected crop, according to a report from the U.S. Department of Agriculture’s (USDA) Foreign Agriculture Service (FAS). These greater exportable supplies in 2011-12 will boost wheat grain exports, and Kazakhstan could benefit from reduced supplies in…


ADM to acquire nine Wisconsin grain elevators

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CHICAGO, – U.S. agricultural processor Archer Daniels Midland (ADM.N) acquired five grain elevators in Wisconsin and contracted to acquire four more in the state, the company said in a release on Wednesday. ADM also assumed the lease for another Wisconsin elevator, expanding its grain storage capacity with the series of deals by about 20 million…


Bickering costs US its grip on ‘vital’ grain trade

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As one door opens, another –"vital" – one closes. America’s growing exports of corn to China spark regular excitement in Chicago’s futures market, and lured Bunge into introducing crop handling curbs which have sparked a legal battle with seeds giant Syngenta. But the US has, in the meantime, lost its stranglehold on a corn import…


Namibia: Grain Harvest Cropped By Heavy Rains

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NAMIBIA’S coarse grain production is expected to be about 23 per cent lower than last season due to floods and heavy rainfall earlier this year, the Namibia Early Warning and Food Information Unit (Newfiu) has said in its latest crop prospects and food security situation report. "Most crop fields were waterlogged and some completely submerged…


Corn woes spur Rabobank to lift grain price hopes

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Rabobank edged its forecast for US grain futures higher, despite warning that the elevated corn prices were driving ethanol producers towards breakeven and could drive exports to their lowest since the 1990s. The bank – in a report which slashed expectations for cotton prices – said that the lower corn harvest expectations following last month’s…


Ukraine grain exports to recover from slow start

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Ukraine is set for bumper grain exports in 2011-12, despite the slow start to the season, Kernel Holdings said, blaming the 70% slump in volumes so far on uncertainty over a change in regime. The silos-to-sunflowers group acknowledged that it had been hurt "in particular" by the 70% slump to 600,000 tonnes in Ukraine’s exports…


Grain market analysis: Corn market in seven-week-old uptrend

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December Corn futures closed down 1/4 cent at $7.42 3/4 yesterday. Prices closed nearer the session high. More mild profit taking was featured yesterday. The corn bulls still have the strong overall near-term technical advantage and there are still no early clues of a market top being close at hand. Prices are in a seven-week-old…


Russia downplays fresh talk of grain export levies

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Russia has countered a fresh round of speculation over the introduction of import tariffs, saying there was "no point" in duties, even as Ukraine moved to ditch levies it imposed last month. Sergei Sukhov, a senior Russian farm ministry official, said that a rise in wheat prices, which has become evident on the domestic market…


South Australia grain exports cruise to record top

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Grain exports from South Australia have set a marketing year record with two months to spare, supporting upbeat ideas for estimates for Australian shipments. The state shipped 6.84m tonnes between the start of the 2010-11 marketing year, in October, and the end of last month, Viterra, which owns South Australia’s ports, said. The figure beat…


Russia to export over 23 million metric tonnes of grain this year

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RUSSIA will have enough grains to export more than 23 million metric tonnes this year, Grain Union president Arkady Zlochevsky said. Out of a crop of 90 million tonnes, there will be a surplus of 40 million tonnes, with 13 million tonnes put into stockpiles, Zlochevsky said. That leaves 27 million tonnes left over. Russia’s…


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