Christine's Feed
Aug 9, 2011

Cargill quarterly earnings dip on trading results

CHICAGO, Aug 9 (Reuters) – Giant U.S. agribusiness and
trading firm Cargill Inc [CARG.UL] said earnings fell 7 percent
in its fiscal fourth quarter, hit by volatile energy markets
and weaker risk management and food ingredient results.

Minneapolis-based Cargill, one of the world’s largest
privately held corporations, reported $404 million in earnings
from continuing operations in the quarter ended on May 31,
compared with $435 million a year earlier.

Aug 3, 2011

Farm leadership seen threatened by budget cuts

CHICAGO (Reuters) – Agriculture is poised to drive economic growth and job creation led by the dynamic north central region but proposed budget cuts may threaten that outlook, a study by an Ohio-based research firm said.

“Cuts are proposed in forthcoming budgets: cuts that will ripple through a system that leverages federal funding with state and local matching financial support,” Battelle, a Columbus, Ohio, research group, said in the study.

Jul 26, 2011

African land grab threatens food security: study

CHICAGO (Reuters) – Rich countries grabbing farmland in Africa to feed their growing populations can leave rural populations there without land or jobs and make the continent’s hunger problem more severe, an environmental think tank said on Tuesday.

The trend is accelerating as wealthier countries in the Middle East and Asia, particularly China, seek new land to plant crops, lacking enough fertile ground to meet their own food needs, Washington DC-based Worldwatch Institute said.

Jul 21, 2011

Bankers talk of farmland bubble, but jury still out

KANSAS CITY, Missouri (Reuters) – Soaring farmland values in the past year are causing worries among agricultural bankers that a farmland “bubble” may be brewing similar to one that triggered the farm crisis of the 1980s.

But the fears are tempered by a healthy agricultural economy. Farmers have used record incomes as commodity prices spiked to reduce debt, upgrade equipment — and buy land.

Jul 21, 2011

U.S. bankers talk of farmland bubble, but jury out

, July 21 (Reuters) – Soaring U.S. farmland
values in the past year are causing worries among agricultural
bankers that a farmland “bubble” may be brewing similar to one
that triggered the farm crisis of the 1980s.

But the fears are tempered by a healthy U.S. agricultural
economy. Farmers have used record incomes as commodity prices
spiked to reduce debt, upgrade equipment — and buy land.

Jul 20, 2011

USDA economist: Hard to pin crop number on climate

KANSAS CITY, Missouri (Reuters) – Climate and food production is a subject that needs more study in coming years but for now even the U.S. Agriculture Department finds it almost impossible to estimate the effects of one on the other.

“They are very elaborate models,” said USDA’s chief economist Joseph Glauber, referring to climate-crop forecasting in an interview on Tuesday on the sidelines of a farm lending conference at the Kansas City Federal Reserve.

Jul 20, 2011

Fed’s Hoenig: growth to continue at modest pace

KANSAS CITY, Missouri (Reuters) – A top Federal Reserve official said on Thursday the U.S. economy should grow at a modest pace for the next several years, but issued a harsh criticism of the U.S. central bank’s just-concluded bond buying program.

“The outlook for the U.S. economy is that we will continue to grow at a modest pace of somewhere between 2.5 (percent), on a good quarter, 3 percent, at least in terms of next year and the year beyond,” said Kansas City Fed President Thomas Hoenig.

Jun 10, 2011

Red hot U.S. corn market sparks more wheat feeding

CHICAGO, June 10 (Reuters) – A red-hot corn market is
spilling over to wheat, especially in the southeastern U.S.
where hog and poultry producers are scrambling to cover their
feed needs through the summer, grain traders said on Friday.

“What we are finding is that they want and need wheat,”
said Roy Huckabay, an analyst with The Linn Group in Chicago.
“They are feeding wheat. They are going to feed a lot of it.”

May 31, 2011

Seed maker races for crops as climate changes

CHICAGO (Reuters) – A changing climate that many scientists fear will hurt global crop production means seed makers must work harder to meet food needs as world population grows by 30 percent by 2050, a top world seed executive said.

“Agriculture production is moving to the north because those climates are becoming warmer. Some of those environments are also very conducive to some good agricultural production,” Paul Schickler, president of Pioneer Hi-Bred, a unit of chemicals giant DuPont, told Reuters on Friday.

May 16, 2011

US high-protein wheat prices soar, millers nervous

MINNEAPOLIS, May 16 (Reuters) – Grain trading in the local
cash wheat market is often routine and quiet, with flour
millers and exporters taking turns to bid on the high-protein
hard red spring wheat grown in North Dakota and Minnesota.

But this spring has been anything but routine, with a
scramble clearly on among users of the grain, which is highly
sought for its flour yields and to blend with lower-protein
wheats to meet customer contracts.

    • 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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