Grain market news for May 2004 Little Change in ABB Pool OutlooksSYDNEY - May 3/04 - SNS -- There was little change in the Australian barley marketing board, ABB Grain Ltd, pool outlooks for the 2004-05 season. . . . Continue or visitors click here Weekly Business Starts SlowWASHINGTON - May 3/04 - SNS -- Weekly trading got off to a slow start today, with little grain or oilseed business reported; but with news Thailand temporarily suspended corn import duties. . . . Continue or visitors click here Ethanol By-Products Good for SwineREGINA - May 3/04 - SNS -- Researchers in Saskatchewan say cereal by-products from ethanol production hold promise as a feed ingredient for swine. . . . Continue or visitors click here Oat Output Dropping in Sweden, FinlandWINNIPEG - May 3/04 - SNS -- Oat production will be down in Sweden and Finland this year, reducing the amount of merchandise which will be available to world markets under European Union (EU) export subsidy schemes. . . . Continue or visitors click here Vietnamese Rice Market FirmHANOI - May 3/04 - SNS -- Tight exportable supplies of rice continue to support Vietnam's internal market, according to information provided by the U.S. agricultural attach here. . . . Continue or visitors click here Saskatchewan Seeding 6% CompleteREGINA - May 3/04 - SNS -- Seeding has advanced to 6% complete across all of Saskatchewan, compared to 3% complete by this time last year and the recent five-year average of 2% in the ground by the start of May. . . . Continue or visitors click here Canadian Feed Ingredient Market SummaryA table about Canadian Feed Ingredient Market Summary . . . Subscribers Only
World Cash Market Activity ImprovesWASHINGTON - May 4/04 - SNS -- Trading activity improved from Monday's quiet tone with business reported to Taiwan, Morocco and Egypt; while Iraq indicated it could have an answer for companies and marketing boards trying for the past few weeks to sellit wheat and other commodities. . . . Continue or visitors click here South Africa Lifts Final Wheat EstimatePRETORIA - May 5/04 - SNS -- South Africa finalized its estimate of its 2003-04 wheat harvest at 1.54 million metric tons (MT), down sharply from the 2.32 million MT harvested in 2002-03. . . . Continue or visitors click here U.S. Sells 110,000 MT SoybeansWASHINGTON - May 5/04 - SNS -- U.S. exporters report selling 110,000 metric tons (MT) of soybeans for delivery to unknown destinations during the 2004-05 marketing year. . . . Continue or visitors click here Taiwan's Corn Imports Off 100,000 MTTAIPEI - May 6/04 - SNS -- Easing demand for feed ingredients by Taiwan's poultry and livestock sector could result in a 100,000 metric ton (MT) decline in both consumption and imports in the coming marketing year. . . . Continue or visitors click here Taiwan Wheat Needs Seen SlippingTAIPEI - May 6/04 - SNS -- Taiwan's wheat import needs could slip in the coming year to around 1.13 million metric tons (MT) because of lower demand for feed grade product. . . . Continue or visitors click here Taiwan's Expects Historically Low Rice CropTAIPEI - May 6/04 - SNS -- Milled rice production in Taiwan is at risk of sinking to an historically low 1,027 million metric tons (MT) in 2004-05 because of an ongoing drought in the southern part of the country. . . . Continue or visitors click here USDA National Grain ReviewST. JOSEPH - May 7/04 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through May 7. . . . Continue or visitors click here Canadian Grain Stocks ReboundOTTAWA - May 7/04 - SNS -- Western Canadian stocks of major grains have rebounded from last year's unusually low levels, according to the March 31 stocks in all positions estimates from Statistics Canada. In the eastern provinces, stocks of grain corn were the highest ever recorded for March. . . . Continue or visitors click here Quiet Finish to Weekly Grain TradeWASHINGTON - May 7/04 - SNS -- Cash grain and oilseed markets finished the week on a relatively quiet note on international markets, with South Korea and Taiwan closing out the week as the most significant destinations for tender business. . . . Continue or visitors click here Canada's Weekly Exports Total 536,000 MT totalWINNIPEG - May 7/04 - STAT -- Export clearances of all grains and oilseeds shipped from Canada total 16,481,600 metric tons (MT) so far this marketing year up 7,461,900 MT from the 9,019,700 moved last year. . . . Continue or visitors click here AWB, Egypt Agree to Expand Trade TalkSYDNEY - May 10/04 - SNS -- The Australian Wheat Board (AWB Limited) and Egypt have agreed to explore new ways of improving trade between the two entities. . . . Continue or visitors click here Monsanto Cans Roundup Ready WheatWINNIPEG - May 10/04 - SNS -- Monsanto Canada Inc is dropping its current research effort into the genetically modified Roundup Ready wheat and will focus on corn, cotton and oilseeds. . . . Continue or visitors click here Weak Currency Lifts AWB PoolsSYDNEY - May 10/04 - SNS -- The Australian Wheat Boards (AWB Limited) new and old season wheat pools benefitted from recent weakness in the Australian dollar, allowing the monopoly marketing board to increase Estimated Pool Returns (EPR). . . . Continue or visitors click here Weekly Trade Starts SlowWASHINGTON - May 10/04 - SNS -- International trade in grains, oilseeds and other agricultural commodities is off to a relatively slow start this week, though the Iraq Grain Board has finally bought wheat under last month's 200,000 metric ton (MT) wheat tender. . . . Continue or visitors click here Manitoba Seeding AdvancingWINNIPEG - May 10/04 - SNS -- Seeding is advancing in most parts of Manitoba as growers take advantage of relatively good soil moisture reserves, believing temperatures will rise enough to prevent frost damage once crops start emerging. . . . Continue or visitors click here Saskatchewan Seeding 19% CompleteREGINA - May 11/04 - SNS -- Spring seeding is now 19% complete in Saskatchewan, compared to just 8% at this time last year and the recent five-year average of 13% complete by this time in May, according to the latest Saskatchewan Agriculture, Food and Rural Revitalization’s weekly crop report. . . . Continue or visitors click here Light Cash Market Trading ReportedWASHINGTON - May 11/04 - SNS -- Light trading activity was reported on overnight cash markets. In fact, activity was overshadowed by reports of cancellations of an Egyptian wheat tender and rumors China had cancelled purchases of up to 10 cargoes of South American soybeans, . . . Continue or visitors click here Malawi Grain Situation Better Than ThoughtJOHANNESBURG - May 11/04 - IRIN -- Concerns a recent drop in Malawi's national maize stocks could lead to a food crisis were "unfounded" as the government had made plans to replenish its Strategic Grain Reserve (SGR), a senior Malawian official said onTuesday. . . . Continue or visitors click here Bayer Withholds Oat ChemicalWASHINGTON - May 11/04 - SNS -- Bayer CropScience's decision to withhold the fungicide Stratego from the Canadian market until it is approved for use on oats in the United States pleased the North American Millers' Association (NAMA), . . . Continue or visitors click here Indian Seeding Kharif CropsNEW DELHI - May 11/04 - SNS -- Seeding of the summer or kharif season crops is underway for most crops in many parts of India. Crops now going in the ground include cotton, wheat, coarse cereals, sugarcane, jute and pulses. . . . Continue or visitors click here Polish Wheat Import Needs EaseVIENNA - May 11/04 - SNS -- Poland's wheat import requirements are expected to decline during the 2004-05 marketing year in the face of a solid recovery in local production levels. . . . Continue or visitors click here Smaller Durum Harvest Possible in U.S.WASHINGTON - May 12/04 - SNS -- Durum wheat production in Arizona and California is expected to end up at 21 million bushels, down 9% from last year, according to the latest USDA crop report. . . . Continue or visitors click here U.S. Wheat Production Summary by ClassA table about U.S. Wheat Production Summary by Class . . . Subscribers Only
U.S. Expects 1.55 BBU Winter Wheat HarvestWASHINGTON - May 12/04 - SNS -- Winter wheat production in the United States is expected to end up at 1.55 billion bushels, down 9% from last year, according to the latest USDA crop report. . . . Continue or visitors click here USDA World Grain Supply-Use Forecast SummaryA table about USDA World Grain Supply-Use Forecast Summary . . . Subscribers Only
USDA -- U.S. Wheat Supply-Use ForecastA table about USDA -- U.S. Wheat Supply-Use Forecast . . . Subscribers Only
USDA -- U.S. Corn and Feed Grain Supply-Use ForecastA table about USDA -- U.S. Corn and Feed Grain Supply-Use Forecast . . . Subscribers Only
USDA -- U.S. Sorghum, Barley and Oats Supply and UseA table about USDA -- U.S. Sorghum, Barley and Oats Supply and Use . . . Subscribers Only
USDA -- U.S. Rice Supply and UseA table about USDA -- U.S. Rice Supply and Use . . . Subscribers Only
World Wheat to Tighten in 2004-05WASHINGTON - May 12/04 - SNS -- Bigger harvests in 2004-05 will not be enough to offset any growth in demand, with the result stocks should continue to tighten in the coming months, argues the USDA in its latest World Agricultural Supply and Demand Estimates (WASDE) report. . . . Continue or visitors click here Coarse Grain Use Surpassing ProductionWASHINGTON - May 12/04 - SNS -- The global coarse grain outlook for 2004-05 is for sharply higher production, but for use to exceed production and for stocks to decline again, argues the USDA in its latest World Agricultural Supply and Demand Estimates(WASDE) report. . . . Continue or visitors click here Fifth Decline in Rice Residuals ExpectedWASHINGTON - May 12/04 - SNS -- Global 2004-05 rice production is projected at 401.8 million tons, up nearly 11 million tons from 2003-04, says the USDA in its latest World Agricultural Supply and Demand Estimates (WASDE) report. . . . Continue or visitors click here USDA -- World Corn Supply and UseA table about USDA -- World Corn Supply and Use . . . Subscribers Only
USDA -- China Corn S+D SummaryA table about USDA -- China Corn S+D Summary . . . Continue or visitors click here USDA -- World Corn Supply and Use SummaryA table about USDA -- World Corn Supply and Use Summary . . . Subscribers Only
USDA -- World Coarse Grain S+D SummaryA table about USDA -- World Coarse Grain S+D Summary . . . Continue or visitors click here Cash Markets Remain SlowWASHINGTON - May 12/04 - SNS -- Activity on international cash grain and oilseed markets remained slow through the middle of the week, with most trading interest focussed on rice. . . . Continue or visitors click here Angolan Crops Down, Market StableJOHANNESBURG - May 12/04 - IRIN -- Heavy rains destroyed a significant amount of crops in the central highlands region of Angola, yet the price of commodities in markets remained stable. . . . Continue or visitors click here Cash Grain Trade Pace Picks UpWASHINGTON - May 13/04 - SNS -- There was a solid increase in overnight trading activity on international cash commodity markets, led by reports the Australian Wheat Board sold 60,000 metric tons (MT) of wheat to Egypt and signed a long term supply agreement with barter provisions. . . . Continue or visitors click here USDA Corrected World Coarse Grain Supply-Demand ForecastA table about USDA Corrected World Coarse Grain Supply-Demand Forecast . . . Subscribers Only
CWB Boosts 2003 Crop InitialsWINNIPEG - May 13/04 - SNS -- The Canadian Wheat Board increased initial payments for wheat and barley sold to it during the 2003-04 marketing year. . . . Continue or visitors click here USDA National Grain ReviewST. JOSEPH - May 14/04 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through May 14. . . . Continue or visitors click here U.S. Sells 120,000 MT CornWASHINGTON - May 14/04 - SNS -- The week finished on a relatively good note, with overnight trading activity dominated by corn. . . . Continue or visitors click here U.S. Sells 120,000 MT CornWASHINGTON - May 14/04 - SNS -- The week finished on a relatively good note, with overnight trading activity dominated by corn. . . . Continue or visitors click here Canada Not Appealing WTO FindingsOTTAWA - May 14/04 - SNS -- Canada will not appeal the recent World Trade Organization (WTO) ruling which found limits to the amount of revenue the country's two major railways make hauling western grain is illegal under WTO rules. . . . Continue or visitors click here Mixed Outlook for SA MaizeJOHANNESBURG - May 14/04 - IRIN -- The latest regional food security report paints a mixed picture for Southern Africa's staple maize harvest. . . . Continue or visitors click here Canada's Weekly Exports Total 729,200 MT totalWINNIPEG - May 14/04 - STAT -- Export clearances of all grains and oilseeds shipped from Canada total 17,246,600 metric tons (MT) so far this marketing year up 7,975,800 MT from the 9,270,800 moved last year. . . . Continue or visitors click here Thai Rice Markets Drift LowerBANGKOK - Apr 30/04 - SNS -- Export prices for most grades of rice were drifted lower in Thailand in the face of sluggish demand and a weak Thai Baht, notes the U.S. agricultural attache in a report on the country's rice sector. . . . Continue or visitors click here Vietnamese Rice Market SteadyHANOI - May 14/04 - SNS -- Vietnam's rice market finished the week mostly steady, with demand remaining ahead of available supplies, judging from information provided by the U.S. agricultural attach here. . . . Continue or visitors click here Positive Price Outlook for OatsWINNIPEG - May 14/04 - SNS -- Oat market prospects are positive for the 2004-05 marketing year, with production expected to remain low and the supply-demand situation tight, believe analysts with Parrish and Heimbecker, Ltd. . . . Continue or visitors click here Sorghum Used as Corn AlternativeJOHANNESBURG - May 17/04 - IRIN -- A market intervention program has helped Zimbabwe's urban poor improve their food security by offering them cheaper sorghum cereal, as opposed to the relatively expensive maize staple. . . . Continue or visitors click here Saskatchewan Seeding Nears Mid-PointREGINA - May 17/04 - SNS -- Seeding in Saskatchewan is approaching the halfway point, with the week starting with 41% of the 2004 crop, ahead of the five-year average of 37% and nine points ahead of last year, according to Saskatchewan Agriculture, Food and Rural Revitalization's weekly crop report. . . . Continue or visitors click here Beer Sales Rise, Happoshu FallTOKYO - May 18/04 - SNS -- Shipments of beer and happoshu sank 9.1% below last year's levels during April for the fourth monthly decline from year earlier levels, according to data released by Japan's five major breweries. . . . Continue or visitors click here Corn and Wheat Dominate NewsWASHINGTON - May 18/04 - SNS -- Corn and wheat dominated overnight news on the world's cash markets, with Pakistan declaring it will need to import up to one million metric tons (MT) of wheat and regular tender business reported to Taiwan and South Korea. . . . Continue or visitors click here Little Change in Zambian ImportsNAIROBI - May 19/04 - SNS -- Little change is expected in wheat production levels in Zambia in the coming few years, with the result the country should continue importing roughly half its consumption needs of about 150,000 metric tons (MT) per year. . . . Continue or visitors click here Ukraine Grain Stocks Total 3.7 MMTKIEV - May 19/04 - APK -- According to State Statistics Committee, the total grain stocks in Ukraine as of May 1, 2004 constituted 3.714 million metric tons (MT). . . . Continue or visitors click here Light Midweek Business ActivityWASHINGTON - May 19/04 - SNS -- Overnight trading in grains and oilseeds was relatively light, though markets received news about pending wheat and sugar tenders along with forecasts of general rainfall expected in western Canada. . . . Continue or visitors click here WCE Going ElectronicWINNIPEG - May 19/04 - SNS -- Winnipeg Commodity Exchange (WCE) shareholders approved the change from the public outcry trading floor to a purely electronic trading system. . . . Continue or visitors click here South Africa Expects Bigger Grain CropsPRETORIA - May 20/04 - SNS -- Grain production in South Africa has ended up bigger than expected for the 2003-04 production season because of a solid increase in estimated corn yields; while the South African Grain Information Service (SAGIS) says winter wheat area will also be higher than initially thought. . . . Continue or visitors click here Stronger Finish to Weeks' TradingWASHINGTON - May 20/04 - SNS -- Weekly grain and oilseed trading is finishing with a flurry of activity, with well over 300,000 metric tons (MT) of wheat, corn and barley trading to Jordan and major Pacific Rim destinations. . . . Continue or visitors click here EU-25 Wheat Crop Seen Rising 20 million MTBRUSSELS - May 20/04 - SNS -- Wheat production in the EU-25 is set to rebound in 2004-05, from the weather affected 2003-04 harvest of 106.7 million metric tons (MT), rising by over 20 million MT to 127.1 million MT, according to the U.S. agricultural attache and USDA Foreign Agriculture Service analysts stationed in Europe. . . . Continue or visitors click here EU Grain Harvest to Jump 41 million MTBRUSSELS - May 20/04 - SNS -- Total grain production in the expanded European Union (EU-25) is expected to jump 41 million metric tons (MT) ahead of last year to a projected 271 million MT of wheat and coarse grains, according to the U.S. agricultural attache and USDA Foreign Agriculture Service analysts stationed in Europe. . . . Continue or visitors click here EU Rye Pegged at 3.6 million MTBRUSSELS - May 20/04 - SNS -- In 2004-05, a recovery in rye output to 3.6 million MT is expected following the poor yields recorded in 2003-04, according to the U.S. agricultural attache and USDA Foreign Agriculture Service analysts stationed in Europe. . . . Continue or visitors click here Ten Million Ton Jump In EU CornBRUSSELS - May 20/04 - SNS -- EU-25 corn output is expected to more than bounce back from the poor 2003-04 harvest, with production in the EU-15 set to rise by 10 million metric tons (MT) to 41.3 million MT in 2004-05, for an EU-25 wide total of 52.07 million MT, according to the U.S. agricultural attache and USDA Foreign Agriculture Service analysts stationed in Europe. . . . Continue or visitors click here Europe Expects 60.6 million MT Barley HarvestBRUSSELS - May 20/04 - SNS -- Barley production in the EU-25 is expected to rise set to 5.77 million MT to 60.57 million metric tons (MT) during the coming 2004-05 marketing year, according to the U.S. agricultural attache and USDA Foreign Agriculture Service analysts stationed in Europe. . . . Continue or visitors click here Vietnamese Rice Market FirmsHANOI - May 20/04 - SNS -- Vietnam's rice market was supported through the middle of the month by the rice tender in the Philippines. . . . Continue or visitors click here USDA National Grain ReviewST. JOSEPH - May 21/04 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through May 21. . . . Continue or visitors click here Angolan Corn Harvest ReducedJOHANNESBURG - May 21/04 - IRIN -- Angola's maize or corn harvest is expected to be far below that of 2002-03. . . . Continue or visitors click here US Sells Corn, Soybean OilWASHINGTON - May 21/94 - SNS -- Exporters in the United States finished the week's activity, reporting sales of corn and soybean oil to the USDA. . . . Continue or visitors click here Canada's Weekly Exports Total 434,500 MT totalWINNIPEG - May 21/04 - STAT -- Export clearances of all grains and oilseeds shipped from Canada total 18,101,100 metric tons (MT) so far this marketing year up 8,529,300 MT from the 9,571,800 moved last year. . . . Continue or visitors click here AWB Breaks Down 2004 Pay GradesSYDNEY - May 24/04 - SNS -- The Australian Wheat Board (AWB) is reflecting a lower outlook for 2004 crop wheat than for the current crop year in the latest Estimated Pool Returns (EPRs) update, which included more spread information for the pay grades for the coming season. . . . Continue or visitors click here U.S. Sells 115,000 MT CornWASHINGTON - May 24/04 - SNS -- Exporters in the United States report selling 115,000 metric tons (MT) of corn for delivery to Mexico during the 2004-05 marketing year which starts Sept. 1. . . . Continue or visitors click here Ukraine Barley Exports Jump in MarchKIEV - May 24/04 - APK -- In March 2004 Ukraine exported 104,000 metric tons (MT) of barley, which is 62% more than in February. The average contractual price in March increased to $145.6 per MT from $139.9 per MT in February. . . . Continue or visitors click here Coastal Africa Food Situation WorsensNAIROBI - May 24/04 - IRIN -- An estimated 240,000 people in the coastal districts of Kilifi, Kwale, Malindi and Taita Taveta are experiencing moderate food shortages as a result of successive poor harvests, rising food prices and reduced income-earning opportunities in a declining tourism sector, a famine alert network reported. . . . Continue or visitors click here Light Activity in Overnight MarketsWASHINGTON - May 25/04 - SNS -- Light trading was reported in overnight markets, with a decision by Egypt to tender for 20,000 metric tons (MT) edible oils one of the few highlights. . . . Continue or visitors click here Cool, Damp Slows Manitoba Crop Progress, SeedingWINNIPEG - May 25/04 - SNS -- Wet and cool weather has delayed seeding progress in Manitoba and the is slowing growth and emergence of crops which are already in the ground, according to the latest crop update from Manitoba Agriculture and Food. . . . Continue or visitors click here Seeding Pace Slows in SaskatchewanREGINA - May 25/03 - SNS -- Rainy weather in parts of Saskatchewan during the past week helped replenish soil moisture reserves in some locations, while slowing the rate of progress seeding this year's crops. . . . Continue or visitors click here Ukraine March Wheat Imports -- 170,000 MTKIEV - May 26/04 - APK -- According to official data, in March 2004 Ukraine imported 170,000 metric tons (MT) of wheat against 186,000 MT in February. . . . Continue or visitors click here Japan Dominates Overnight DemandWASHINGTON - May 26/04 - SNS -- International grain and oilseed markets were relatively slow at midweek, with Japan's purchase of 18,810 metric tons (MT) of feed wheat and 170,000 MT of feed barley dominating overnight news. . . . Continue or visitors click here Alberta Started With Moisture DeficitEDMONTON - May 26/04 - SNS -- The 2004 growing season started with growers in much of Alberta facing a shortfall of soil moisture reserves, according to a provincial survey done at the start of the month. . . . Continue or visitors click here U.S. Exporters Sell 165,000 MT CornWASHINGTON - May 27/04 - SNS -- Exporters in the United States report selling 165,000 metric tons (MT) of corn for delivery to unknown destinations, according to the USDA. . . . Continue or visitors click here Record Coarse Grain Output ExpectedLONDON - May 27/04 - SNS -- World coarse grain production is expected to jump 34 million metric tons (MT) to a record 938 million MT this year, according to the second coarse grain estimate from the International Grains Council (IGC). . . . Continue or visitors click here IGC Cuts World Wheat ForecastLONDON - May 27/04 - SNS -- The International Grains Council (IGC) reduced this year's forecast wheat production three million metric tons (MT) to 599 million, for a 46 million MT improvement over last year. . . . Continue or visitors click here CWB Boost Current and New Crop PROsWINNIPEG - May 27/04 - SNS -- The Canadian Wheat Board (CWB) boosted its Pool Return Outlook (PRO) for both the coming 2004-05 crop year and the current 2003-04 marketing season. . . . Continue or visitors click here Gene May Improve Rice FertilityWASHINGTON - May 28/04 - SNS -- Plant genetics researchers with the USDA are making available to plant breeders a line of rice which could improve pollen transfer rates in hybrid rice. . . . Continue or visitors click here Mexico Buys 188,100 MT U.S. CornWASHINGTON - May 28/04 - SNS -- Exporters in the United States report selling 188,100 metric tons (MT) of corn for delivery to Mexico. . . . Continue or visitors click here Ukraine Expects Surplus Grain OutputKIEV - May 28/04 - APK -- Deputy Agrarian Policy Minister of Ukraine Yuri Luzan estimates this year's harvest area of grains in Ukraine, including maize, was being projected at 16 million hectares. . . . Continue or visitors click here USDA National Grain ReviewST. JOSEPH - May 28/04 - SNS -- The USDA issued its latest weekly national grain market review, covering the period through May 28. . . . Continue or visitors click here Importers Resist Spot Market ValuesWASHINGTON - May 28/04 - SNS -- Trading on international agricultural markets finished the week finished the week on a mixed note, with buyers showing greater reluctance to pay premiums for spot market shipment now that northern hemisphere harvests arerapidly approaching. . . . Continue or visitors click here Canada's Weekly Exports Total 521,200 MT totalWINNIPEG - May 28/04 - STAT -- Export clearances of all grains and oilseeds shipped from Canada total 18,616,300 metric tons (MT) so far this marketing year up 8,806,700 MT from the 9,809,600 moved last year. . . . Continue or visitors click here Canadian Feed Ingredient Market SummaryA table about Canadian Feed Ingredient Market Summary . . . Subscribers Only
Tunisia Buys Wheat, Egypt Passes on RiceWASHINGTON - May 31/04 - SNS -- The week's trading activity is off to a slow start, reflecting the absence of U.S. industry participants on account of a national holiday in that country. . . . Continue or visitors click here Canadian Feed Ingredient Market SummaryA table about Canadian Feed Ingredient Market Summary . . . Subscribers Only
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