Archived Posts

NIOP News Flash: June 23, 2016

Canola futures fall two percent as market sags on good weather
The see-saw crop markets fell on Monday, giving up substantial ground in all the main futures contracts. Corn futures fell almost four percent and canola was down about two percent. Markets have risen recently on worries about the hot, dry weather in the United States Midwest, but many traders discounted those concerns, seeing them as speculation rather than actually threatening supply and demand assumptions. Canola sold off more than soybeans, showing the continuing volatility of the canola-soybean spread, and also demonstrating the U.S. dollar weakness. Reuters

 

What could a La Nina shift mean for US crop production?
As the weather phenomenon known as El Nino ends, a shift to a La Nina cycle may happen, says NOAA. The influence that a La Nina phenomenon could have on crop growth likely depends on when it arrives, said Jim Angel, a climatologist with the Illinois Water Survey. “The faster it gets here the more effect it has on the growing season, if it shows up in September it won’t be much of a factor, if it shows up in July or August there may be more influence,” he added. Feed Navigator

 

USSEC and USGC Work Together in Joint Effort in the Europe Union
 

The U.S Soybean Export Council (USSEC_ and the U.S. Grains Council (USGC) collaborated during a series of meetings in Brussels last week to raise concerns about delays in approvals for soybean and corn biotech events and stressed the need for a predictable, transparent, and science-based regulatory system in the European Union. These parties met with European Parliament members, European Commission officials, and European Food and Feed Chain representatives throughout their time in Europe. They discussed experiences from the perspective of farmers who use biotechnology and other innovative technologies, sharing how adopting these tools has helped improve their economic and environmental sustainability. Seed Quest

 

 World Forecasts of Oilseed Production Depend Directly on Ukraine
The USDA has raised world oilseed production in 2016/17 to 533.86 MMT. An increase in world production is partially planned at the expense of Ukrainian sunflower. Estimates of Ukrainian sunflower production increased by 1 MMT to 13 MMT. Total world sunflower production is expected at 42.19 (+1 MMT). World soybean production was lowered by 0.5 MMT to 42.19 MMT at the expense of Ukraine. Black Sea Grain