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China a Buyer in Biggest 1-Day US Corn Sale Since '91
(Reuters) The U.S. Department of Agriculture on Friday confirmed the largest one-day sale of U.S. corn since 1991 totaling 1.56 million tonnes, with
grain traders saying that the bulk of it was bound for China.
The USDA said private exporters reported the sale of 1.44 million tonnes for delivery to unknown destinations during the 2012/13 marketing year beginning Sept 1.
The department also confirmed the sale of 120,000 tonnes of corn to ... << MORE >>
The USDA said private exporters reported the sale of 1.44 million tonnes for delivery to unknown destinations during the 2012/13 marketing year beginning Sept 1.
The department also confirmed the sale of 120,000 tonnes of corn to ... << MORE >>
Picture of the Week: Cranberry Bogs in WI
This picture comes from Tomah, WI where Ocean Spray cranberries are grown. The cranberry is Wisconsin's state fruit and Wisconsin produces more cranberries than any other state in the U.S. Did you know - Wisconsin produces enough cranberries, annually, to supply every human on earth with 26 cranberries.
Remember, we are always looking for agricultural pictures from anywhere in the world. Submit pictures to farmlandforecast@colvin-co.com.
Remember, we are always looking for agricultural pictures from anywhere in the world. Submit pictures to farmlandforecast@colvin-co.com.
A Legends Take on Farmland Investments
(DTN) Commodities bull Jim Rogers knows the last nine years have been the most profitable era in the history of U.S. corn and soybean production, but
he doesn't think farm prices or farmland risk a bubble yet. Addressing a crowd of 700 Wall Street financiers gathered for the Global AgInvesting conference Tuesday, Rogers expressed confidence
that "fortunes will be made" in global agriculture over the next decade and that farmers will be among the most likely to ...
<< MORE >>
Farmland Sustaining High Prices This Spring
(AgriNews) Farmland prices continue to sustain high numbers this spring amid a very tight supply-and-demand scenario in the farm market, with one
land broker estimating the typical price range for quality land between $8,500 and $12,000 per acre.
Loyd Brown of Hertz Farm Management said there have been plenty of buyers willing to accept the going prices for land across the Midwest.
“It’s a good time for Midwestern agriculture, for sure — it’s ... << MORE >>
Loyd Brown of Hertz Farm Management said there have been plenty of buyers willing to accept the going prices for land across the Midwest.
“It’s a good time for Midwestern agriculture, for sure — it’s ... << MORE >>
Climate Change, Biofuels Mandate Would Cause Corn Price Spikes
(PurdueNewsroom) A study from Purdue and Stanford university researchers predicts that future climate scenarios may cause significantly greater
volatility in corn prices, which would be intensified by the federal biofuels mandate.
The findings, published this week in the journal Nature Climate Change, show that severely hot conditions in corn-growing regions and extreme climate events that are expected to impact supply would cause swings in corn prices. When coupled with federal mandates for biofuel production, the price volatility ... << MORE >>
The findings, published this week in the journal Nature Climate Change, show that severely hot conditions in corn-growing regions and extreme climate events that are expected to impact supply would cause swings in corn prices. When coupled with federal mandates for biofuel production, the price volatility ... << MORE >>
Crop Progress: Everyone is Above Average
This afternoon, the USDA released its weekly crop progress report. Soybeans joined the mix and are outpacing average historical planting percentages
as well.
As of April 22, 2012, the 18 primary corn producing states have planted 28% of their corn, compared to 8% one year prior. 16 of the states have planted more than their 5-year historical average. Illinois has already planted 59% of its corn which outpaces its 5-year average of 17%. 9% of the U.S. ... << MORE >>
As of April 22, 2012, the 18 primary corn producing states have planted 28% of their corn, compared to 8% one year prior. 16 of the states have planted more than their 5-year historical average. Illinois has already planted 59% of its corn which outpaces its 5-year average of 17%. 9% of the U.S. ... << MORE >>
FCC Reports Rise in Canadian Farmland Values
(Marketwire) According to a new Farm Credit Canada (FCC) Farmland Values Report, the average value of Canadian farmland increased by 6.9% during the
second half of 2011. In the two previous six-month reporting periods, farmland values increased by 7.4% and 2.1%, respectively. The FCC report provides important information about changes in
land values across Canada and is available at www.farmlandvalues.ca.
Farmland values increased in nine provinces and remained unchanged ... << MORE >>
Farmland values increased in nine provinces and remained unchanged ... << MORE >>
Rural Economy Slows in April
The Rural Mainstreet Index (RMI) decreased slightly this month, but remained well above growth neutral. The farmland price index declined in April,
indicating slower growth in values, but remained above growth neutral for the 27th continuous month.
The Rural Mainstreet Index decreased to 57.1, a slight decrease from the 59.8 it posted last month.
According to Creighton University economist Ernie Goss, “We are seeing some signs across the Rural Mainstreet economy that higher ... << MORE >>
The Rural Mainstreet Index decreased to 57.1, a slight decrease from the 59.8 it posted last month.
According to Creighton University economist Ernie Goss, “We are seeing some signs across the Rural Mainstreet economy that higher ... << MORE >>
Picture of the Week: Boston From Above
This picture comes from the American Farmland Conference on the 33rd floor of the 225 Franklin Street building in Downtown Boston. Colvin & Co. in partner with Teucrium Trading discussed the global demand for grains, commodity and farmland values, and how to identify farmland acquisitions. Please visit www.americanfarmlandconference.us for more information or a copy of the slide deck.
Remember, we are always looking for agricultural pictures from anywhere in the world. Submit pictures to farmlandforecast@colvin-co.com.
Remember, we are always looking for agricultural pictures from anywhere in the world. Submit pictures to farmlandforecast@colvin-co.com.
China May Become Top Corn Importer by 2014, Displacing Japan
(Bloomberg) China may displace Japan as the world’s largest corn importer as early as 2014, as demand for meat and feed grains expands along with its
middle class, the U.S. Grains Council said.
“It could be a matter of two to three years,” Thomas Dorr, president of the council, said in an interview. “China has more than 4 million tons booked and delivered already.” Japan bought 15.3 million metric tons last year, according to the country’s agriculture ... << MORE >>
“It could be a matter of two to three years,” Thomas Dorr, president of the council, said in an interview. “China has more than 4 million tons booked and delivered already.” Japan bought 15.3 million metric tons last year, according to the country’s agriculture ... << MORE >>