Wool prices to follow cotton values lower

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Wool prices are "likely to fall", undermined by the weaker cotton market, but not by enough to threaten a revival in the sheep flock in Australia, the top producer and exporter of the fibre, where numbers have been in decline for 20 years. Wool values, which remain within 12% of a record high set in…


Worse crop conditions, better prices

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Reports on crop conditions and private surveys of crop size have contributed to new contract highs on the Chicago Board of Trade as we inch closer to harvest. Changes in corn supply has had a bullish reaction, with soybeans higher even with little change in the market perception of crop size. The wheat has gone…


Soybeans are hot!

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Soybean futures opened like a house afire this morning on the Chicago Board of Trade, up 20 cents per bushel to $14.43 with some traders predicting $15 beans soon. Soybeans gained 30 cents per bushel Friday on the Chicago Board and kept up the momentum in overnight electronic trading. Corn also opened strong, up 5…


Warning on milk prices

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MASSIVE rises in costs mean a long and unprofitable winter for Welsh dairy farmers unless milk purchasers pay their producers a sustainable price, NFU Cymru has warned. Latest figures show intensive energy dairy rations up 28 per cent, low energy rations up 33 per cent and protein rations up nearly 20 per cent on last…


Rice output likely to fall sharply in South Korea

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SEOUL (Commodity Online): Fast growing industrialization in South Korea is likely to its agriculture as country’s Rice production is likely to hit to ten year low this season. According to Korea Rural Economic Institute, South Korea’s rice production is forecast to hit a 10-year low this year due to shrinking farm land and lower yields…


Soy prices jump on dry weather

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U.S. soybean futures climbed Monday as it appeared the crop could miss out on badly needed rains. Soybeans for November delivery jumped 23 1/2 cents, or 1.7%, to $14.47 a bushel at the Chicago Board of Trade. Corn for December delivery rose 3 cents, or 0.4%, to $7.70 a bushel. Soft red winter wheat for…


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…


Sale prices give timely lift to lamb sector

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OPTIMISM in the lamb business was reflected at Skipton Auction Mart’s annual show and sale of gimmer shearlings – one of the largest fixtures of its kind in the North of England. The sale of young ewes last Tuesday attracted 5,000 entries – over 1,700 up on the previous year – and achieved an overall…


Prices of livestock fixed for Eid

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With just a few days to go for Eid al Fitr when the consumption of meat increases, the Public Authority for Consumer Protection (PACP) has fixed the price of Australian livestock at RO85 for the slaughter house in Muscat and at RO90 for other wilayats. The Ministry of Agriculture will be responsible for ensuring that…


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