Big Picture: Did the drought start today?|
descriptionScott Shellady discusses the macro forces that move the commodities markets.
Corn rally boosts soybeans, wheat Wednesday, June 19
Corn, soybean and wheat futures gained strength from a continued hot, dry weather system moving over the Midwest in the coming weeks. This 'heat dome' and growing talk of drought became the focal point of fundamental factors for traders Wednesday.in week as well. July corn up nine cents at 682 the new crop December up twenty cents. At 570. For soybeans or crop up twelve cents at 1523. New crop November up 41 cents at thirteen ten. And for July wheat. It's settled up nineteen cents at 707. We have been hearinggonna come up -- Also the private analyst firm and -- released new crop estimates acreage estimates this. Today for this year. 95 point 26 million corn acres what the US farmers expected to grow. And that is down two million acres from the USDA's latest estimates and that's bullish
Your World in Agriculture - June 2013
Mike speaks to experts in South America regarding the corn and soybean crops there, as well as issues that South American farmers might have in getting their crops delivered.for agriculture dot com. Today we are speaking about the crops in South America and also the issues that affect farmers in Brazil and Argentina. We start with Luis Vieira he is a freelance writer in. Southern part of Brazil and Rio Grande assault. First off -- wanna say hello to you. The whole -- We're doing well -- give us some feel for the Brazilian corn crop -- -- currently being harvested there. How are the yields coming in what are you hearing from farmers. And we look Canadaand weather the weather's -- cooperate or not. There are issues in South America that could affect the export part. Stay tuned we'll have more from Argentina on your world and agriculture. As we continue with
USDA Answers Report Questions
Joe Prusacki, USDA NASS, explains data collecting procedures have not changed.
USDA asks, "What are we doing wrong?"
Soybeans are substantially easier to track so just because what we do that either process. All we for. There is pretty fair paying him out Google's CE. Eagles or all of our views so Do you have that giant more. 1000000100. Million billions. Let's just. Million bushels that big thing this he'd end
USDA Stands by Report Procedure
As I believe our first date date date tell us what they believe to and facilities yeah. And that's what's glance you ask the audience. I believe followers. Told me what they believe and their facilities. Facilities. Also is that a potential. What they believe kids. Not accurate. I I would nighttime the scene persons filling out. It reports. Its commercial well later existing account that's going to the -- and looking at the numbers. This -- You are you concerned that the question was put here
Pivotal year ahead for agricultural markets
Dan Basse, President, AgResource Company, talks about the pivotal year ahead for agricultural markets at the ADM Investor Services National Broker Meeting, January 2013.an error. For an hour or nine dollar -- depending among white mother nature does. Now in terms of longer reflation story. I think it's -- -- -- and ethanol has seen some growth phase now
Mike discusses Ukraine with Iurii Mykailov, Ag Economist, Propozytsiya - Ukraine. Via Skype.Thanks for stopping by the farm markets of course are squarely focused on the weather in South America . And the dryness in Argentina and also southern Brazil would also traders say that. We wanna watch what happens in Ukraine in the next couple of months because as we know
Your World in Agriculture
Mike McGinnis looks at the global agricultural trends, focusing on Brazil, Argentina and Ukraine.The only estimation is the one of the Department of Agriculture in United States talking about something like 55 million tons. We still don't have an official estimation because we don't know exactly how many hectares will be planted. But if we take this estimation of near 20 million hectares, we bring about the best year we ever had. We got about the same estimation at the Department of Agriculture in United States is making. However, I don't think we are going to reach that because we have floods in many areas. Right now in
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