Christine's Feed
Oct 21, 2011

Illinois harvest steams ahead, farmers store corn

BIG ROCK, Illinois (Reuters) – Steve Ruh, a 42-year-old farmer harvesting some of his 3,000 acres of corn and soybeans 50 miles west of Chicago, says he could not be more pleased with how this year’s harvest is going.

Ruh, sitting inside the high-tech cab of his $250,000 Case International combine, has one eye on the yield monitor and another on the eight rows of corn he is harvesting as he steams through another mile-long stretch of seven-foot high corn stalks one chilly morning this week.

Oct 16, 2011

Women seen key to solving hunger issues in Africa

DES MOINES, Iowa (Reuters) – Sub-Saharan Africa faces daunting problems staving off famine in coming decades but food and development experts also say one solution to the problem is obvious: empower women.

“They are the major producers of food crops in Africa. If we want to make a real headway on food production, we should be able to invest in women, improve their skills and access to the inputs they require,” said Namanga Ngongi, president, Alliance for a Green Revolution in Africa (AGRA), a top seed producer.

Oct 14, 2011

DuPont CEO says agriculture a “tremendous” opportunity

DES MOINES, Iowa, Oct 13 (Reuters) – U.S. chemicals giant
DuPont (DD.N: Quote, Profile, Research, Stock Buzz) sees big growth opportunities ahead in its
agricultural sector as the world’s population expands 30
percent and food needs double by 2050.

“As we take a look at the value chains and what is going on
around the world with population growth, we see agriculture as
being a tremendous opportunity,” DuPont Chief Executive Officer
Ellen Kullman told reporters here on Thursday during the World
Food Prize meetings.

Oct 12, 2011

Pace of global farm productivity must increase-Ag group

DES MOINES, Iowa, Oct 12 (Reuters) – Global agricultural
productivity is rising but more effort is needed to meet the
world’s long-term food needs, a group of agribusiness leaders
advised on Wednesday.

“While the new evidence of faster productivity growth for
this year is welcome, it does not alleviate the concern or
urgency about addressing the pace of agricultural development
in parts of the world where much of the population increase
will take place, especially Sub-Saharan Africa,” the group,
called the Global Harvest Initiative (GHI), said.

Sep 16, 2011

Insight: CME says wheat converging nicely, but traders scoff

CHICAGO (Reuters) – CME Group (CME.O: Quote, Profile, Research, Stock Buzz) is celebrating the one-year anniversary of a controversial storage scheme for its benchmark wheat futures contract by saying it has fixed a long-standing problem on futures deliveries.

Traders, however, remain far from convinced.

Arguing that the cure has been worse than the disease, the traders say that by tweaking the century-old contract to artificially engineer “convergence” in the spot or first-delivery month — the critical coming-together of cash and futures prices during futures delivery — CME has drained liquidity and raised risk.

Sep 5, 2011

In the world’s breadbasket, climate change feeds some worry

CHICAGO (Reuters) – It can’t happen here, can it?

The United States, the breadbasket and supplier of last resort for a hungry world, has been such an amazing food producer in the last half-century that most Americans take for granted annual bounteous harvests of grain, meat, dairy, fruits, vegetables and other crops.

When horrific images of drought or famine in Africa, Asia or other regions land in American media, America is usually first in line with food aid shipments, air drops, and other rescue efforts from its seemingly endless stores.

Sep 2, 2011

Grain companies tighten GMO policy, eye Syngenta corn

CHICAGO (Reuters) – Major U.S. grain companies have tightened curbs on genetically modified grains not yet approved by foreign markets, with some singling out one popular corn variety made by Syngenta, fearing any trace of the biotech grain in shipments could shut off export markets.

The action was taken just weeks before the U.S. corn harvest, when this variety of corn could enter market channels.

Sep 2, 2011

US grain cos tighten GMO policy, eye Syngenta corn

CHICAGO, Sept 1 (Reuters) – Major U.S. grain companies have
tightened curbs on genetically modified grains not yet approved
by foreign markets, with some singling out one popular corn
variety made by Syngenta (SYNN.VX: Quote, Profile, Research, Stock Buzz), fearing any trace of the
biotech grain in shipments could shut off export markets.

The action was taken just weeks before the U.S. corn
harvest, when this variety of corn could enter market
channels.

Sep 1, 2011

Cargill bars Syngenta corn variety at US wet mills

CHICAGO, Sept 1 (Reuters) – U.S. agribusiness giant Cargill
[CARG.UL] said on Thursday it will not accept Syngenta’s
(SYNN.VX: Quote, Profile, Research, Stock Buzz) genetically modified Agrisure Viptera corn at its
North American wet milling plants until the corn variety
receives regulatory approval from the European Union.

Another major grain handler, Bunge North America (BG.N: Quote, Profile, Research, Stock Buzz),
has also barred Agrisure Viptera from its facilities, awaiting
additional export market approval, particularly from China — a
top U.S. grains and oilseed customer.

Aug 26, 2011

MGEX wheat change a bet on Canadian Wheat Board demise

CHICAGO, Aug 26 (Reuters) – The Minneapolis Grain Exchange,
home to U.S. spring wheat futures, is betting on the demise of
the Canadian Wheat Board and trying to head off competition
from the IntercontinentalExchange (ICE.N: Quote, Profile, Research, Stock Buzz) by accepting non-U.S.
wheat for delivery against its 128-year-old contract, traders
say.

“You’ve got a lot of eyes focused on Canada with the
potential of the Canadian Wheat Board going away. With that,
you’re going to open up a lot more commercial trade,” said
Scott Cordes of grain brokerage Country Hedging and a member of
the MGEX board of directors.

    • About Christine

      "As community editor for Thomson Reuters global on-line chatroom for grains traders and analysts, the Global Ags Forum, I lead chats on the latest factors driving grains and oilseeds markets worldwide, organize chat events with expert industry sources and promote the room to potential market players. Based in Chicago, I also report on U.S. cash and futures grains and oilseeds markets."
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