Recent News
USDA Budget report sees 2010 US corn 12.96 bln bu, soy 3.3 bln
WASHINGTON, Feb 2 (Reuters) - The U.S. Agriculture Department projected a corn crop of 12.96 billion bushels and a soybean crop of 3.23 billion bushels in 2010 as part of preparing its budget proposal for the new fiscal year. That would be the second-largest soybean crop after the 2009 record and the third-largest corn crop after 2009 and 2007. The projections are based on conditions in November 2009 and were provided to Reuters by USDA on Tuesday. USDA is scheduled to release its first detailed projections of plantings, harvest and use of major U.S. crops on Feb. 11. USDA projections of major U.S. crops in 2010 2010 Corn Wheat Soybean Up Cot Rice Plant (Mln ac) 88.0 55.0-A 76.5 10.5 3.10 Harvest (Mln ac) 80.8 46.8 75.5 9.5 ...
Posted in news |
Obama: End US crop subsidies to ‘wealthy farmers’
WASHINGTON, Feb 1 (Reuters) - President Barack Obama asked Congress to end crop subsidies to "wealthy farmers" and to pare federal support for crop insurance on Monday, which he estimates would save $10 billion over 10 years. Obama targeted those areas for large cuts last year without success. In his proposed budget for fiscal 2011, Obama suggested a sharply lower cut-off in income to qualify for crop supports. It would save $2.26 billion over 10 years and be implemented over a three-year period. The administration plan would shut off crop subsidies to people with more than $250,000 adjusted gross income (AGI) from off-farm sources or with more than $500,000 on-farm AGI. The caps now are set at $500,000 off-farm AGI ...
Posted in news |
EHedger Presenting At The Top Producer Seminar Thursday
Top producer attendees: Please join us for an informative and lively seminar covering how to determine your production cost and manage margins for your operation. We will also be delivering a market outlook for corn and soybeans, so don’t miss this chance to build up your risk management skills ahead of a period of potentially challenging market price action. Location: Top Producer Seminars Intercontinental Hotel 505 North Michigan Avenue Chicago IL 60611...
Posted in news |
World’s farmers to grow less wheat in 2010-CWB
* CWB sees smaller global wheat crop of 644 mln in 2010 * Forecasts Canada 2010 wheat crop at 24 mln tonnes * Canada seen growing less durum, more barley in 2010 WINNIPEG, Manitoba, Jan 15 (Reuters) - Farmers will produce the world's smallest wheat crop in three years in 2010 as big global supplies weigh down prices and steer more acres to other crops, the Canadian Wheat Board said on Friday. In its first market outlook of 2010, the Wheat Board, one of the world's biggest grain marketers, also said the outlook for durum wheat is negative because of burdensome supplies. "It's not that world (wheat) demand has been extremely poor. It's just that our production has been quite ...
Posted in news |
Brazil cuts ethanol blend in gasoline to 20 pct
* Reduction is valid for 90 days starting Feb. 1 * Producers, analysts see limited effect on supply, prices (Adds details, background) BRASILIA, Jan 11 (Reuters) - Brazil's government has temporarily cut the mandated amount of ethanol blended into gasoline to 20 percent from 25 percent due to low supplies of the biofuel, the energy ministry said on Monday. The reduction will be in force for 90 days from Feb. 1. Brazil mandates a blend of anhydrous ethanol in all commercial gasoline aside from the pure hydrate ethanol sold at filling stations for use in flex-fuel cars. The 5 percentage-point reduction in the blend is expected to result in an additional 100 million liters (26.4 million gallons) of ethanol ...
Posted in news |
ADMIS Pre USDA Report Comments
The below is ADM Investor Services' thoughts on what to expect in the upcoming key USDA supply and demand estimates report, due out 7.30 am on January 12. Click here for the full version. Tuesday, January 12, 2010, marks the date for the annual USDA report. It is one of the bigger reports of the year. Highlights include final production estimates for corn and beans from last years crop, Quarterly Stocks, and an initial look at new crop winter wheat planted acreage prospects. For corn and beans, we begin to put in the final pieces of total supply for the '09-10 crop year while we become more focused on total use through the remainder of the marketing year. ...
Posted in news |
EHedger Marketing Seminar With AgStar in Le Center, MN
Join EHedger for an informative market outlook and hedging seminar in Le Center, MN on the afternoon of February 12. AgStar bank will also be presenting on financing and crop insurance options. Event: 12- onwards in Le Center, MN. Location to be confirmed.
Posted in upcoming events |
EHedger Marketing Seminar With AgStar In Waseca, MN
Join EHedger for an informative market outlook and hedging seminar. Learn also about financing and crop insurance options through AgStar bank. Event: February 3, 9-11 am in Waseca, MN. Location to be confirmed.
Posted in upcoming events |
