Tuesday, October 12th 2010 - 06:36 UTC

UN corn and soybean futures resumed rally on Monday

The rally was fuelled by the US Agriculture Department estimates

United States corn and soybean futures resumed their rally Monday as a surprising government crop report from last week continued to drive concerns over supplies.

Friday, October 8th 2010 - 00:12 UTC

Brazil forecasts crop will reach a record 148.9 million tons in 2010 farm year

Soybeans with 68.7 million tons are almost half the total harvest

Brazil forecasts a record crop of cereals and oilseeds totalling 148.9 million tons, the largest ever, according to the latest release from the Brazilian Geography and Statistics Institute, IBGE.

Wednesday, October 6th 2010 - 22:47 UTC

GM cultivation totalled 134 million hectares in 2009; 77% soybeans, 49% cotton

Soybean country Brazil experienced the greatest leap in 2009

The cultivation of genetically modified plants increased globally in 2009 with the field area rising by nine million hectares over 2008 to a total of 134 million.

Monday, October 4th 2010 - 22:40 UTC

Zoellick calls for the reinstatement of emergency food aid program

Soaring wheat prices force hikes in substitutes

World Bank president Robert Zoellick expressed concern about the renewed speculation with agriculture commodities which in the last months have seen prices of food in developing countries soar

Saturday, September 25th 2010 - 05:02 UTC

FAO emergency meeting to address soaring prices of cereals

Wheat prices have soared 60-80% since July while maize spiked about 40%.

Experts from more than 75 FAO Member States agreed Friday that while there were no grounds for complacency, there was no indication of an impending world food crisis. They proposed exploring new measures to check food price volatility and manage associated risks.

Sunday, September 12th 2010 - 06:50 UTC

USDA cuts forecast for global wheat 2010/11 harvest, 5.5% down from last year

Relief: Ukraine is not following Russia on banning wheat exports

US Department of Agriculture (USDA) has cut its forecast for global wheat production in 2010-11, but by less than expected. USDA now predicts total output of 643 million tonnes for the current agricultural year, down from its August forecast of 645.7 million.

Monday, September 6th 2010 - 05:15 UTC

IMF confident risks of further large price spikes for wheat have eased

Wheat production should recover quickly next year

Despite a large rise in the two months to August, wheat prices remain well below levels reached during the boom in 2008 and market pricing indicates that the risks of further large price spikes have eased, says a report from the IMF.

Friday, September 3rd 2010 - 03:30 UTC

Wheat climbs as Russia extends ban on exports until next year’s crop

PM Putin said the decision will give the market “predictability”

Wheat climbed after Russia, the third-largest grower last year, extended a ban on exports into next year following a drought destroyed crops, tightening global supplies. The United Nations’ Food and Agriculture Organization called a special meeting to address the global grains situation.

Wednesday, September 1st 2010 - 19:08 UTC

Wheat prices drive FAO food prize index at its highest since September 2008

Drought and fire slashed the wheat production of Russia and Ukraine

Surging wheat prices drove international food prices up 5% last month in the biggest month-on-month increase since November 2009, FAO announced. The FAO Food Price Index (FPI) averaged 176 points in August, up nearly nine points from July, FAO said in its latest update on the global cereals supply and demand situation.

Monday, August 30th 2010 - 06:59 UTC

UK scientists decode wheat genome; vital to help feed growing population

Neil Hall B.Sc. Ph.D. from the University of Liverpool led the research

British scientists have released draft sequences of the wheat genome, which they think could make a vital contribution to securing global food supplies. The researchers say their efforts could help British farmers to develop new strains with greater yields.


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