China’s domestic corn stock auctions have had high clearance rates at high prices. Despite big South American crops, corn prices appear buoyant.
Ocean freight rates have risen. Perhaps fair market prevails. Peter McMeekin explains.
Nidera Australia has this week officially joined forces with COFCO, sealing many months of work to enmesh the Australian company within the global business.
ANZAC Day has just passed and, historically, across many parts of Australia, that signals the opening of the winter crop planting window.
Grain supplies across the globe continue to grow, as harvest of the record summer crop in South America ramps up and the northern hemisphere winter crop ticks along with very few issues at this stage of the spring.
Hardly a week has gone by recently without another avian influenza (bird flu) outbreak somewhere in the northern hemisphere. The main region hit has been Asia with lesser outbreaks recorded in Europe and the United States (US).
After a successful 2016 harvest, chickpeas are certainly featuring heavily in many growers’ plans with most pundits suggesting that chickpea planting intentions are similar to last year.
European, Black Sea region hopeful that wheat crops have emerged well from winter dormancy, while US wheat conditions are mixed.
uying grain requirements ‘hand-to-mouth’ has been the modus operandi for most domestic consumers over the past six months. Falling prices, a big crop in the making and a harvest inverse were the catalyst for their approach to the market last year. Now that record crop is in the bin the buyers have not been in any rush to get extensive cover out the demand curve.
Quality and quantity questions around the Indian chickpea crop should be answered by mid-March, when the bigger producing states such as Rajasthan and Madhya Pradesh, begin harvesting and farmers start marketing their produce.