Corn and soybeans to open slightly lower Friday

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Corn prices are expected to open 5 to 8 cents lower on Friday. There has been no real change to weather forecasts. Parts of the Western and Northern sections of the Midwest got rain on Thursday night into Friday morning, but the southern part of the region remains hot and generally dry. Parts of South…


Wheat, corn, oat and soybean futures fall on the CBOT; beef prices rise

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CHICAGO — Grains futures fell Friday on the Chicago Board of Trade. Wheat for September delivery fell 20.75 cents to $6.7250 a bushel; December corn fell 17.50 cents to $6.6875 a bushel; December oats fell 5.50 cents to $3.5750 a bushel; while November soybeans fell 14.25 cents to $13.5725 a bushel. Beef futures rise, while…


Texas ag losses could set record amid drought

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With strong demand pushing up crop prices, economist thinks farmers may lose $8 billion By Betsy Blaney of The Associated Press LUBBOCK, Texas — Randy McGee spent $28,000 in one month pumping water onto about 500 acres in West Texas before he decided to give up irrigating 75 acres of corn and focus on other…


Have High Cotton Prices Deferred, or Destroyed, Demand?

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Whether high cotton prices of 2010-11 deferred cotton demand, or destroyed a portion of it, is an uncertainty the cotton market will tackle in the coming months, according to Joe Nicosia, CEO of Allenberg Cotton Co., featured speaker at the Cotton Roundtable in New York City in July. Nicosia said during the event held at…


Delhi High Court puts on hold 1-mn tonne non basmati rice export

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NEW DELHI: The export of one-million tonne of non-basmati rice, which has been permitted by the Commerce Ministry, has been put on hold after being directed by Delhi High Court. The Directorate General of Foreign Trade (DGFT) has stated that operation and implementation of the allocation made in terms of Trade Notice of July 27…


Vietnam sets floor export prices for tra fish

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Minimum export prices for Vietnamesetra fish (pangasius) will be applied next month to ensure profits for farmers and prevent exporters from undercutting each other, says the national seafood association. One kilogram of trimmed tra fillet will be shipped at a minimum price of US$3.3 while untrimmed tra fillet will cost a minimum of $2.3 per…


Changing rice preferences

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Question: How is the government anticipating volatility in food supplies and prices? Answer: Such volatility has been experienced by all countries, not only Indonesia. A report from the World Bank in 2008 said that the world has not paid attention to food investment. In 2000, every country thought that the food problem was over. However,…


Genetic Journey Begins to Understand and Manage Yellow Soybeans

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Producers’ ongoing interest in expanding their soybean acreage is understandable, given high prices, solid markets, great yields and the crop’s increasing diversity. However, this desirability is continuing to push production into areas that may not be ideal for soybean production – that is, in fields where crops are particularly susceptible to yellow beans, a result…


Coffee prices fall over weekend

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Viet Nam’s robusta coffee price in the local market on the Central Highlands dropped to VND50,000/kg on Saturday, from VND50,600/kg earlier last week. It was an eventful week for the coffee local market, though there were rumours about the frost season in Brazil, the world’s biggest coffee producer and exporter. For many people in the…


DEPB sops restored for cotton, cotton yarn export

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NEW DELHI: Mr Anand Sharma, Union Minister of Commerce, Industry and Textiles, has announced that the benefits under the Duty Entitlement Pass Book (DEPB) for cotton yarn and cotton will be restored from April 1, 2011 and October 1, 2010 respectively. Mr Sharma, said, “I have taken a composite review of the cotton and cotton…


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