China targets grain output of around 600 mln t in 2018 - Xinhua

SHANGHAI, Feb 16 (Reuters) - China is targeting grain
production of about 600 million tonnes this year to guarantee
absolute food security, state news agency Xinhua reported on
Friday, citing the agriculture ministry.

The ministry also pledged to improve the price formation
mechanism for grains and storage systems.

In December, the government's statistics bureau reported
that grain output in 2017 had risen 0.3 percent from the
previous year to 617.9 million tonnes.

LIVESTOCK-Live cattle up as market anticipates firm cash prices

By Karl Plume
CHICAGO, Feb 15 (Reuters) - Chicago Mercantile Exchange live
cattle futures scaled to the highest in at least three
months on Thursday on fund and technical buying and as traders
anticipated possibly higher cash cattle sales this week.
Buying accelerated as futures prices topped highs posted
early last week, as the market shrugged off bearish news of weak
beef export sales.
Bids and offers at U.S. Plains feedlot markets remain far
apart, but tighter near-term supplies of market-ready cattle in


Q4 Farmland Values in Midwest Slightly Up - Fed

CHICAGO, Feb 15 (Reuters) - The Federal Reserve Bank of Kansas City on Thursday issued its fourth-quarter 2017 report on the agricultural economy for the Tenth Federal Reserve District.

TABLE-U.S. creation of renewable fuel credits flat in January -EPA

NEW YORK, Feb 15 (Reuters) - The United States generated
similar numbers of renewable fuel blending credits in January
compared with December, the Environmental Protection Agency said
on Thursday.
Some 1.283 billion ethanol (D6) blending credits were
generated in January, up slightly from 1.278 billion in
December, and 231 million (D4) blending credits were generated
in January, compared with 364 million a month earlier.
The credits are used by oil refiners and importers to show

Germany/Futtermittel - Feeds prices - February 15, 2018

3. German Grain Cash Prices Feb 15
Lowest known bids in EUR/t, delivered.
At local time 11:30 GMT.
Barley, min 62-63 kg/hl
bid offers change
Delivered Hamburg Feb 18 161,00 166,00 0.00
Delivered Hamburg Mar 18 161,00 166,00 0.00
Ex Store Saxony Thüringen Feb 18 145,00 150,00 0.00
Wheat, A-quality, 13 % min
Protein, Hagberg 275