Aussie farm flags wheat tactic as price fears rise

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JPT Capital trumpeted the call by its Australian farms to lock in firm wheat prices by selling in advance even as data showing the country’s wheat stocks at a record high raised fears for values. The Monaco-based fund management group said that forward selling "a percentage" of the newly-started wheat harvest at prices "above current…


Red meat exports are on the rise

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BEEF and sheep meat exports have increased considerably in the first six months of the year, according to figures released by Hybu Cig Cymru (Meat Promotion Wales). During the January to June period, sheep meat exports from the UK increased by six per cent to 41,000 tons while beef exports rose by 39 per cent…


Agricultural imports rise 23 percent

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Vietnam saw a year-on-year increase of 22.6 percent to US$10.4 billion in the first eight months of this year in imports of material for production and processing and finished products for the farming, forestry and seafood industries. According to the Ministry of Agriculture and Rural Development, the increase was due to a large surge in…


CME: Pig Prices Still Down After Corn Price Rise

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US – The drought induced mess that is 2011 seasonal feedlot placements has mostly everyone trying to guess how seasonal feeder cattle prices might differ this year from normal patterns, write Steve Meyer and Len Steiner. Dr Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, offered a very good discussion of the ‘normal’ pattern…


Corn price rise stokes chatter of ethanol curbs

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Markets are witnessing a jump in chatter about measures to curb use of corn in ethanol, even as Brazil cut the amount of the biofuel that blenders are required to mix into forecourt gasoline. A call by Rick Perry, a Republican presidential candidate, last week for an end to the minimum level of ethanol use…


Dillon Feuz: Beef demand on the rise for several reasons

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Fed steer prices in Nebraska through mid-August have averaged $112 per hundredweight this year. Over the same time period last year they averaged $92 per hundredweight. That is a price increase of 22 percent relative to last year. Is there one reason, or several reasons, for this price increase? As an economist, I am always…


Agricultural exports rise 33.4% in seven months

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Rubber is one of Vietnam’s leading exports. ( Image: VnEconomy ) Among the country’s key agricultural exports, coffee gained the most with a turnover of US$2 billion so far this year, a rise of 92.6% compared to a year ago. Pepper and rubber followed with year-on-year increases of 70.9% and 68.9%, respectively. Rice exports in…


Cattle rise ahead of USDA report; hogs higher

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U.S. cattle futures rose Friday as traders squared positions ahead of a key U.S. Department of Agriculture cattle-on-feed report. Cattle for August delivery rose 0.2 cent, or 0.2%, to $1.143 a pound in trading at the Chicago Mercantile Exchange. CME October cattle rose 0.1 cent, or 0.1%, to $1.155 a pound. Feeder cattle for August…


Colombia woes could fuel ‘sharp’ coffee price rise

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Hopes of a revival in Colombia’s coffee output may be misplaced, with the country looking increasingly likely to post a decline in output – potentially paving the way for prices to "advance sharply". The tail-off in 2010-11 production in Colombia, the world’s second-ranked producer of arabica beans, from a bright start looks set to extend…


Russia grains optimism wanes, as German fears rise

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The revived optimism over European and Black Sea grains production hit turbulence on Monday with trims to hopes for crops both in Germany and Russia. SovEcon took a Russian crop of much above 90m tonnes off the agenda, after results showing a decline in yields as the harvest has headed north and east. While yields…


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