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Friday, February 05, 2016

4 start ups leading the field in agriculture - CNN.com

4 start ups leading the field in agriculture - CNN.com: Farming is a vital source of food and income for millions across Africa-- but there is still plenty of room for growth.

As The World Bank recently reported, food production in sub-Saharan Africa needs to increase by 60 percent over the next 15 years to feed a growing population. But with the challenges to improve production, come new opportunities.

Corn Sales Jump, Bea... | Crops News | Agriculture

Corn Sales Jump, Bea... | Crops News | Agriculture: Corn sales jumped in the week that ended Jan. 28 while soybean sales plunged.�

U.S. exporters reported corn sales of 1.13 million metric tons to overseas buyers, according to the Department of Agriculture. That's up 38% from the prior week and 58% from the previous four-week average. Mexico was the biggest buyer, purchasing 301,400 tons, with Colombia not too far behind at 248,300 tons.�

Soybean sales, on the other hand, plunged to a marketing year low of negative-43,600 tons. Unknown buyers canceled 374,900 tons worth of soybean orders, China canceled 55,200 tons worth of shipments, and Tunisia backed out of an order for 2,700 tons, according to the USDA.�

Chinese Firm Closes In on Australian Cattle Empire - WSJ

Chinese Firm Closes In on Australian Cattle Empire - WSJ: The future of Australia’s largest Outback cattle empire is near to being resolved, despite a late appeal from one of the country’s biggest corporate champions to keep it from becoming the latest agricultural trophy to fall into Chinese hands.

Australian Treasurer Scott Morrison is poised to “within weeks” sign off on a $300 million Australian dollar (US$216 million) deal giving control of the century-old S. Kidman & Co. empire to Chinese-owned Shanghai Pengxin Group Co., after blocking an earlier bid last year on national security grounds, people familiar with the matter said.

Amish families quit pricey Ontario for affordable P.E.I. farms | Toronto Star

Amish families quit pricey Ontario for affordable P.E.I. farms | Toronto Star: Much like the past when pioneer families travelled west for farmland to call their own, two groups of Amish families from Ontario are heading east to till the fertile, red soil of Prince Edward Island and establish a new home.
According to realtor Brad Oliver, it has simply gotten too expensive in Ontario for the Amish communities to expand, and young people to own their own farms.
“They are sitting on farmland in Ontario that’s worth in excess of $20,000 an acre. That’s fine when you own it, but the young generations are looking to buy farms and it just doesn’t work for them,” he said in an interview from Montague, P.E.I.

Farmland values in the Upper Midwest

Farmland values in the Upper Midwest: Despite the significant price drop for agricultural commodities such as corn and soybeans in the past two years, that change is not being strongly reflected in the farmland values in the Upper Midwest states.

That's according to the latest reports and surveys by the Federal Reserve Bank of Chicago. Its quarterly updates are based on data collected from about 220 agricultural sector bankers in Wisconsin, Michigan, Illinois, Iowa, and Indiana.

For the third quarter of 2015, the value of good quality farmland in those five states was unchanged from its value a year earlier, the Federal Reserve Bank reported. Iowa stood out as an exception, having reported small declines in value for four consecutive quarters, including 3.7 percent for the period from March to September in 2015 and by 11.3 percent since September of 2014.

Non OPEC Oil Production To Collapse In 2016 - Yahoo Finance

Non OPEC Oil Production To Collapse In 2016 - Yahoo Finance: Non-OPEC oil supplies are sharply lower in December. Overall supplies are estimated to have slipped by more than 0.6 mb/d from the month prior, to 57.4 mb/d. A seasonal decline in biofuel production, largely due to the Brazilian sugar cane harvest, of nearly 0.4 mb/d was the largest contributor to December’s drop. Production in Vietnam, Kazakhstan, Azerbaijan and the U.S. was also seen easing from both November’s level and compared with a year earlier. Persistently low production in Mexico and Yemen were other contributors to the year-on-year decline.

Outlook: Work Hedges to Your Advantage | Agweb.com

Outlook: Work Hedges to Your Advantage | Agweb.com: Global consumer concerns of economic growth are�exploiting fears about a slide into recession. Subsequently, U.S. equity and several commodity markets experienced a jaw-dropping correction at the start of 2016.��

Outside elements have also forced the energy market into a downward cycle, leading to potential bankruptcy problems for many energy producers. Does anyone remember when the hog market experienced a full-fledged crash and sows were selling for less than $10 a head and farmers were killing feeder pigs rather than feeding them out? This is what the oil complex will experience in 2016.

While consumers are temporarily saving on energy, most are not seeing gains in disposable income. Wages continue to be flat, healthcare costs are increasing and general sentiment is the economy is not heading in the right direction. All of these factors are impacting the presidential election, but there will be limited activity in Washington until elections are over. It will be difficult for agriculture to plan any policy changes to stimulate demand until we are well into 2017 and perhaps 2018.

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are narrowly unchanged. Outside markets are waiting for employment data later this morning. Weather forecasts improve for Argentina providing negative pressure to the market. Wheat traders are bargain hunting after the biggest weekly decline in more than a month.

Weekly export sales covering the period from January 21 to 28 for corn were strong at 1,129,100 tonnes. Trade was expecting 800,000 - 1,100,000 tonnes. Corn sales are currently 25% under last year, USDA's goal is for a 9% decline from last year.

Soybean sales were much less than trade was expecting as the USDA reported net cancellations of 43,645. Soybean sales at 11% less than last year are in line with USDAs goal of an 8% decline.