Insights and Stories of Colin Packham

Apr. 17, 2013 at 4:37 pm CDT

A lack of soil moisture in Australia’s eastern grain belt could hit wheat production in the world’s second largest exporter as farmers start seeding the 2013-14 crop. Concerns over Australia’s wheat output come as the U.S. crop faces winter storms after being planted in dry soil last year, piling pressure […]

By Colin Packham, Naveen Thukral

Feb. 12, 2013 at 11:54 am CST

Australia, the world’s second-largest wheat exporter, raised its production estimate for the current marketing year by a fraction from its December estimate, as the crop largely escaped damage from a heat wave and floods this summer. The Australian Bureau of Agriculture and Resource Economics and Sciences (ABARES) forecast wheat production […]

By Colin Packham

Nov. 15, 2012 at 5:03 pm CST

Australia’s GrainCorp knocked back a US$2.8 billion takeover offer from Archer Daniel Midland (ADM) on Thursday, saying the bid undervalued the grains handler after a bumper harvest delivered a record annual net profit. The U.S. agricultural giant’s bid comes at a time of dramatic consolidation in the global grains sector […]

By Colin Packham, narayanan-somasundaram

Oct. 31, 2012 at 3:40 pm CDT

The early wheat harvest in Australia, the world’s second largest exporter, is showing lower protein scales and poor yields, analysts and traders said, heightening concerns over global grain supplies as shipments from top exporters dwindle. Farmers are finding lower-than-expected protein scales in New South Wales and Queensland, the states responsible […]

By Colin Packham, Naveen Thukral