GLG News by Harvesting Equipment Experts
Analysis of:
Higher food prices are here to stay (www.guardian.co.uk)
Forget the political aspects of potential food shortages brought upon by Bio fuel cropping. They do play a part in what is happening and in particular in the USA. However consider this when looking for reasons for such a drastic shift in cropping, Net farm income has been less than booming for the last...
Analysis of:
Bunge Should Jump from Here (seekingalpha.com)
It is a win-win marriage made in Brazil. The timing is perfect to take advantage of record stock prices and commodity prices, though wet corn milling might have some problems next year.
June 23, 2008
Easing Ethanol Mandates and Opening the CRP- Possible Solutions to High Cron and Soybean Prices
Analysis of:
U.S. May Free Up More Land for Corn Crops (www.nytimes.com)
Easing Ethanol Mandates and Opening the CRP- Possible Solutions to High Cron and Soybean Prices
There are possibly 4-6 million acres lost this year due to flooding in the Midwest. This has been enough to force corn, soybean and some meat prices to record prices this month. If prices rise further due to a reduction in yields due to a hot dry spell during pollination, will the government be forced...
Analysis of:
Crop Insurers Brace for Pain (www.businessweek.com)
Flooding across the Midwest is causing billions of dollars of crop damage as corn and soybean crops are killed or washed away. What had looked as a stellar year for farmers throughout the Midwest will result in some major losers, starting with farmers and livestock producers, and continuing with crop...
Analysis of:
Argentine Farmers Resume Export Tax Protests (www.allheadlinenews.com)
The Argentine farmer strike continue. It has been 100 days with on and off again strikes, with truckers and housewives joining the protests. Exports as well as domestic agricultural processing has been stopped again, putting additional pressure on soybeans in the US and the Argentine Government.
Analysis of:
Flooding a 'brutal business partner' for farmers (www.thonline.com)
The record rains and flooding in Iowa will result in a further drop in corn and soybean production this year, with estimates of up to 3 million acres and 20% of the Iowa crops lost. This has already caused a run up in corn, soybeans and wheat prices and a drop in many companies' stocks, including...
Analysis of:
Climate plants a wet one. Record moisture reported across state (www.columbiatribune.com)
The midwest has had exceptional amounts of rain since last December leading to major delays in the seeding and emergence of the corn and soybean crops. La Niña has been blamed for the cool wet weather, if it is disappearing what type of summer and crop will we have.
Analysis of:
Sugar prices sink to 7-month low on supply glut (ap.google.com)
World sugar prices have dropped below the 10 cent/lb. level , even as energy prices and food demand increases. Why is this happening, will it end soon and what are the implications for ethanol, HFCS and alternative crops next year?
Analysis of:
Food Shortages Turn Corn to Toast as Fuel (enr.ecnext.com)
With corn prices climbing to record new highs everyday, there is additional incentive to accelerate the drive to switch from corn to cellulose as the raw material for ethanol in the U.S. The Department of Energy, Congress and private enterprize have their foot on the accelerator to find a commercially...
Analysis of:
Argentine Farm Strike Threatens Economy, Grain Sales (www.bloomberg.com)
Argentine farmers are blocking highways and roads in their second strike of the year protesting increases on taxes. Major grain companies ADM, Bunge, Cargill, Corn Products and Dreyfus have major operations that are being impacted. Last month the strike caused major food shortages in Buenos Aires as...
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