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‘Megatrends’ expected to move ag sector in future

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tagged agriculture annual incomes Australia CSIRO globalization megatrends population technologies
CNS Canada -- Health-conscious customers with money to spend will be looking to purchase more food over the next 20 years, while changing technologies and global economic uncertainty will bring their own challenges. That's the outlook in a recent report out of Australia, highlighting five megatrends expected to impact the agricultural sector in the coming decades. Rural Industry Futures: Megatrends impacting Australian agriculture over the coming 20 years was compiled by…
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Youth Ag-Summit: Two to represent at UN meeting

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tagged Bayer CropScience food security Future Farmers Network United Nations Youth Ag-Summit
Two delegates from the 2015 Youth Ag-Summit will be jetting to Rome in October to take part in a meeting of the United Nations' Committee on World Food Security. Australia's Laura Grubb and Kenya's Samba Ouma were selected from 80 nominees. Ouma and Grubb are now charged with presenting the Canberra Youth Ag Declaration -- drafted at this week's summit -- at the UN meetings Oct. 12 to 15. The declaration was created by delegates over the course of the Summit. Grubb and Ouma will also…
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Warm spell turns warmer

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tagged Canada temperature weather
The temperature range across the Prairies continued to warm up Thursday, with highs reaching +31 C around Lethbridge, +30 C around Moose Jaw, Weyburn and Estevan and +29 C around Brandon. Thursday's lows also pushed further up from the freezing mark, dropping to +4 C around Grande Prairie, Alta., +7 C around Meadow Lake in northwestern Saskatchewan and +8 C around Roblin and Baldur in western Manitoba. For more information from weather stations across the…
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Mustard prices still high heading into harvest

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tagged brown mustard mustard mustard prices mustard yields Olds Products Oriental mustard yellow mustard
CNS Canada -- The mustard market has been moving steadily higher in recent months, reacting to projections for reduced yield from Statistics Canada, which could spur selling straight out of harvest, one buyer says. Mustard prices gained throughout July and August, said Walter Dyck, a buyer for Olds Products. That's largely due to estimates from Statistics Canada, he added. As of last Friday (Aug. 21), the most recent Canada-wide projection for 2015 is 109,400 tonnes, compared to…
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Farm kids: Don’t worry about wages

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tagged Cornell University dairy farm equity family members farm family farm income farm managers farm wages socioemotional
A new study by Cornell University agricultural economists says family members who work on the family dairy farm make $22,000 less annually than comparable hired managers, but are handsomely compensated with "socioemotional" wealth. "While $22,000 seems like a large penalty, there are non-financial rewards they experience working for the family business," Loren Tauer, professor at Cornell's Charles H. Dyson School of Applied Economics and Management said in a release (all figures…
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High protein, high yields seen in early malt barley

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tagged barley barley harvest barley prices barley yield feed barley malt barley malting protein
CNS Canada -- High protein levels could prove a challenge for Canadian maltsters this year, but the quality of the country's malt barley crop is generally looking better than had been expected as harvest activity starts up across the Prairies, according to a broker. "Everything is high, high, high; high yields, high plump, high bushel weight, and high protein," said Rod Green of Central Ag Marketing in Alberta on the early samples he's seen. While "it will all find a home," Green…
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U.S. grains: Soybeans climb as China fears wane

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tagged Australia cbot China closing markets corn futures GASC International Grains Council soybean futures USDA wheat futures
Chicago | Reuters -- Benchmark U.S. soybean futures rose 1.5 per cent on Thursday as equity markets stabilized in China, the world's top soy buyer, and on outlooks for dry weather as the U.S. Midwest growing season winds down, traders said. Corn clung to modest gains on better-than-expected weekly U.S. export sales and spillover strength from outside markets, including crude oil. But wheat fell in choppy trade on reminders of strong global competition for export business amid…
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U.S. livestock: Wall Street surge rallies CME live cattle

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tagged cattle futures closing markets CME hog futures stock market USDA
Chicago | Reuters -- Chicago Mercantile Exchange live cattle futures rose on Thursday, prodded by the stock market comeback as data showed better-than-expected second-quarter U.S. economic growth, traders said. Renewed consumer confidence in the economy could support demand for U.S. goods, including meat, they said. Short-covering and bargain hunting furthered CME live cattle market advances as investors awaited cash cattle sales on Friday. Market-ready (cash) cattle bids in…
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Monsanto, rivals eye next step after Syngenta deal collapse

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tagged BASF monsanto Paulson syngenta
Chicago | Reuters -- Monsanto, having ditched an audacious US$46 billion offer for Syngenta, may downshift to a humbler strategy of beefing up its crop protection portfolio through other acquisitions, partnerships and licensing agreements. The deal's collapse leaves Monsanto, Syngenta and other agrochemical sector companies facing a bleak landscape of plummeting grain prices and farm income. In the U.S., farmers are tightening their budgets and cutting back on everything from…
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CBOT weekly outlook: Corn, soy to return to weather-based trading

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tagged cbot China corn futures soybean futures
CNS Canada -- The biggest factor in Chicago Board of Trade (CBOT) corn and soybean trading has been the recent volatility in global markets. Once those concerns diminish, however, commodities will start moving with weather again -- which is mostly bearish, according to one analyst. "Our markets, really, if you look at it, have fared pretty well considering the global economy," said Brian Rydlund, market analyst with CHS Hedging. Financial problems in China are bearish for…
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