Agriculture Sector

Weather Concerns and Expected Rise in Demand Push Soybean and Oilseed Prices to Multi-Months High

On Wednesday, soybean futures and U.S. grain extended gains to its months high with concerns growing over global weather. The hopes that demand will increase for domestic crops also spurred more buying in the agricultural markets.

Prices of soybean climbed to eight-month high as heavy rains in Argentina have grown concerns over the country's crop harvest and lower output. That could add to the optimistic outlook of an increase soybean exports from the U.S.

A Peek into the Crop Futures and USDA Crop Report

On Tuesday, the U. S. wheat futures dropped, extending its two-day losses to three percent. The forecasts of beneficial rains in the U. S kept what prices close to its five-week low. The drop came in spite of the U. S. Department of Agriculture (USDA) marking the condition of the crop, lower than the market expectations.

Looking at some crop futures, the most active wheat futures on the Chicago Board of Trade dropped 0.11 percent to $4.46-3/4 a bushel. It closed 2.8 percent down on Monday, a time when prices touched its five-week low of $4.46 a bushel.

Unequal Water Allocations in California Signal that Drought Situation is Still Lurks

On Friday, federal regulators announced that farmers in the Sacramento Valley farmers would receive full water deliveries for the coming growing season but growers in San Joaquin Valley might face one more year of water shortage. That highlights the fact that though rains have returned to some parts of the states and some of the drought signs have eased in California, but the situation has not fully recovered.

Recent Study Shows Vermont Maple Industry Contributes About $300 Million to State’s Economy through Sales

Recent Study Shows Vermont Maple Industry Contributes About $300 Million to State’s Economy through SalesThe Center for Rural Studies at the University of Vermont conducted a study for the Vermont Maple Sugar Makers Association, which found that Vermont's maple industry contributed in a range of $317 and $330 million from total sales to economy of the state in 2013.

U.S. Department of Agriculture Makes Very Few Changes to the Match Supply and Demand Report

U.S. Department of Agriculture Makes Very Few Changes to the Match Supply and Demand Report In the March report for supply and demand, the U. S. Department of Agriculture (USDA) made very few alterations compared to February. Corn was left unchanged at 1.837 billion bushels and wheat at 966 million bushels. The soybean ending stocks was raised 10 million bushels to 460 million bushels.

House Agriculture Committee will Closely Review ChemChina and Syngenta Deal

A spokes person from the House Agriculture Committee said that the committee will closely monitoring the proposal of China National Chemical Corp, a state-owned company to buy Syngenta, the Swiss s

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