Agriculture

12.01.2022

Korean company intends to promote agricultural projects in Kyrgyzstan

The Korean company SEEDON intends to promote agricultural projects in Kyrgyzstan, the press service of the Kyrgyz Foreign Ministry said.

Ambassador of Kyrgyzstan in the Republic of Korea Dinara Kemelova met with a Korean delegation headed by President of SEEDON Son Hyun Yul and discussed projects in the agricultural sphere between...

The Korean company SEEDON intends to promote agricultural projects in Kyrgyzstan, the press service of the Kyrgyz Foreign Ministry said.

Ambassador of Kyrgyzstan in the Republic of Korea Dinara Kemelova met with a Korean delegation headed by President of SEEDON Son Hyun Yul and discussed projects in the agricultural sphere between...

12.01.2022

US grain benchmarks down on revised weather forecast

Chicago soybeans fell on Monday after hitting their highest in almost seven months on Friday, as dealers assessed the impact of dryness in key South American soy farming regions.

Corn was little changed. Wheat dipped on expectations Australia’s crop will be better than feared coupled with lack of new purchase tenders.

Chicago Board of Trade most-active soybeans fell 0.2% to $14.06-3/4 a bushel at 1212 GMT.

Corn rose 0.04% to $6.06-1/2 a bushel, wheat fell 0.2% to $7.56-1/2 a bushel.

Markets firmed last week as the impact of hot, dry weather in soybean and corn production areas of Brazil and Argentina threatened to stress crops.

“Soybeans and corn are drifting today with the main focus on the hot and dry weather in South American crop regions, but not much news over the weekend to continue last week’s strength,” said Matt Ammermann, StoneX commodity risk manager.

“The market remains very jittery about dryness and heat in parts of Brazil and Argentina, and forecasts remain unfavourable, still indicating possible heat stress for crops in some areas."

“There is also a lot of data scheduled for the market to digest this week including the USDA (U.S. Department of Agriculture) reports on Wednesday.”

Analysts expect the USDA to cut its forecasts of soybean and corn crops in both Brazil and Argentina.

“The debate is now not whether the USDA will cut its soybean and corn harvest estimates for Brazil and Argentina, but how big the cuts will be,” Ammermann said.

“Wheat is being weakened by factors including talk Australia’s crop will be larger than expected, while wheat might be looking oversold after recent weakness.”

“There is also a lack of demand, with no major new purchase tenders in the international market so far this week."

Iraq has not yet bought in its new wheat tender, traders said.

By Michael Hogan for Reuters.

Chicago soybeans fell on Monday after hitting their highest in almost seven months on Friday, as dealers assessed the impact of dryness in key South American soy farming regions.

Corn was little changed. Wheat dipped on expectations Australia’s crop will be better than feared coupled with lack of new purchase tenders.

Chicago Board of Trade most-active soybeans fell 0.2% to $14.06-3/4 a bushel at 1212 GMT.

Corn rose 0.04% to $6.06-1/2 a bushel, wheat fell 0.2% to $7.56-1/2 a bushel.

Markets firmed last week as the impact of hot, dry weather in soybean and corn production areas of Brazil and Argentina threatened to stress crops.

“Soybeans and corn are drifting today with the main focus on the hot and dry weather in South American crop regions, but not much news over the weekend to continue last week’s strength,” said Matt Ammermann, StoneX commodity risk manager.

“The market remains very jittery about dryness and heat in parts of Brazil and Argentina, and forecasts remain unfavourable, still indicating possible heat stress for crops in some areas."

“There is also a lot of data scheduled for the market to digest this week including the USDA (U.S. Department of Agriculture) reports on Wednesday.”

Analysts expect the USDA to cut its forecasts of soybean and corn crops in both Brazil and Argentina.

“The debate is now not whether the USDA will cut its soybean and corn harvest estimates for Brazil and Argentina, but how big the cuts will be,” Ammermann said.

“Wheat is being weakened by factors including talk Australia’s crop will be larger than expected, while wheat might be looking oversold after recent weakness.”

“There is also a lack of demand, with no major new purchase tenders in the international market so far this week."

Iraq has not yet bought in its new wheat tender, traders said.

By Michael Hogan for Reuters.

12.01.2022

EU project helps capacity building of regional dry and dried produce consultants in Central Asia

To directly contribute to improving the competitiveness of agricultural products in the region, a practical training on commercial quality standards and quality systems of Dry and Dried Produce has been organised in the Uzbek capital of Tashkent, ASIA-Plus reported.

The European Union (EU) Delegation to Tajikistan notes that the objective of...

To directly contribute to improving the competitiveness of agricultural products in the region, a practical training on commercial quality standards and quality systems of Dry and Dried Produce has been organised in the Uzbek capital of Tashkent, ASIA-Plus reported.

The European Union (EU) Delegation to Tajikistan notes that the objective of...

12.01.2022

Korean company intends to promote agricultural projects in Kyrgyzstan

The Korean company SEEDON intends to promote agricultural projects in Kyrgyzstan, the press service of the Kyrgyz Foreign Ministry said.

Ambassador of Kyrgyzstan in the Republic of Korea Dinara Kemelova met with a Korean delegation headed by President of SEEDON Son Hyun Yul and discussed projects in the agricultural sphere between...

The Korean company SEEDON intends to promote agricultural projects in Kyrgyzstan, the press service of the Kyrgyz Foreign Ministry said.

Ambassador of Kyrgyzstan in the Republic of Korea Dinara Kemelova met with a Korean delegation headed by President of SEEDON Son Hyun Yul and discussed projects in the agricultural sphere between...

12.01.2022

US wheat, maize futures veer up

Chicago soybeans edged lower on Tuesday, pressured by forecasts projecting much-needed rains in parched parts of South America that had triggered a sharp fall in the previous session.

A cautious mood before closely watched U.S. government crop estimates on Wednesday also capped prices.

Corn and wheat inched up as the cereal markets...

Chicago soybeans edged lower on Tuesday, pressured by forecasts projecting much-needed rains in parched parts of South America that had triggered a sharp fall in the previous session.

A cautious mood before closely watched U.S. government crop estimates on Wednesday also capped prices.

Corn and wheat inched up as the cereal markets...


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