Frost dents further US corn and soybean prospects

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The North American freeze last week appears to have done more damage to crops in some areas than initially thought, with corn and soybeans in Minnesota suffering a particular downgrade. The condition rating of the soybean crop in North Dakota tumbled by nine points to 60%, in terms of the proportion rated in "good" or…


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,…


Corn and Soybean Production Prospects

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US – The 2011-12 corn and soybean marketing year officially begins on the first of September with the 2010-11 marketing year ending with a slowdown in the consumption of both corn and soybeans, suggesting that year ending stocks could be larger than projected in the USDA’s July WASDE report. Those stocks will not be known…


Evaluating corn and soybean production prospects

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The 2011-12 corn and soybean marketing year officially begins on September 1. As pointed out last week, the 2010-11 marketing year is ending with a slowdown in the consumption of both corn and soybeans, suggesting that year ending stocks could be larger than projected in the USDA’s July WASDE report. Those stocks will not be…


Seafood Export Prospects

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Most Vietnamese seafood exporters made rising profits in the first six months of 2011. The Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnam earned more than US$2.5 billion from seafood export in the first half of 2011 – a record high in a six-month period. This is not only a good sign for the…


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