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Brazil soy, corn production overcome drought

Weeks of drought and heat have hit Brazil's soy and corn production, but the agriculture ministry on Tuesday still predicted a record 2014 harvest. Corn production is set to total 75.5 million metric tons, down from a January estimate of 79 million, state food supply agency Conab said in its monthly report. Soy production will be 90 million tons, just off a January forecast of 90.3 million, and still 10.4 percent higher than last year, Conab said. For soy, grain and rice combined, Conab now expects 2013 to show a 3.6 percent increase overall, to 193.6 million tons.

With corn's golden lustre dulled by fallen price, US farmers weigh planting more soybeans

DES MOINES, Iowa - Farmers spent the last few years planting as much corn as they could, but with its price half what it was a couple of years ago, the crop's golden lustre has dulled and many growers are considering shifting acreage back to soybeans.

Hotter longer, Australian heat wave pressuring commodities

By Matt Siegel and Colin Packham SYDNEY (Reuters) - Australia can expect even longer and hotter heat waves than the one now scorching wide swathes of the country, a climate research group said on Thursday, raising questions about its long-term position as an agricultural powerhouse. A blistering heat wave has settled over Australia's south and southeast for nearly a week, with soaring temperatures causing worry after players and fans alike collapsed at the Australian Open Tennis Tournament in Melbourne.

Brazil expects another bumper grain harvest in 2014

Brazil reaped a bumper grain harvest of 188.2 million tons in 2013 and is banking on new record output this year, official statistics showed Thursday. The Brazilian Institute of Geography and Statistics (IBGE) said this year's harvest should reach 189.5 million tons, with soybean, corn and rice making up 93 percent of the total. Brazil last year displaced the United States as the world's top soybean exporter, according to the National Confederation of Agriculture.

Global food prices steady in December, down in 2013: FAO

ROME (Reuters) - Global food prices rose slightly in December after staying flat the month before, but prices on average declined 1.6 percent in 2013 versus the previous year, the United Nations food agency said on Thursday. The Food and Agriculture Organization's (FAO) price index, which measures monthly price changes for a basket of cereals, oilseeds, dairy, meat and sugar, averaged 206.7 points in December, a marginal rise from a revised 206.4 in November.

Zimbabwe imports maize to stave off hunger

Zimbabwe is importing 150,000 tonnes of maize from neighbouring South Africa to guarantee food supplies before the April harvest, a senior official said Friday, with an estimated 2.2 million people at risk. "We are importing maize from South Africa to cover the gap between now and the next harvest," deputy agriculture minister David Marapira told AFP. At least 2.2 million people in rural areas will require food aid before the April harvest, according to a survey by the Zimbabwe Vulnerability Assessment Committee which groups government and aid agencies.

Brazil adapting wheat production to tropics

Over decades, Brazil revolutionized its agriculture by adapting production of soybean, milk, meat and corn to tropical conditions. Now it aims to do the same with wheat. "Already we are growing wheat in tropical areas around Brasilia, with the same quality as Argentine, Uruguayan or European wheat," said Mauricio Lopes, president of the Brazilian Agricultural Research Corporation (Embrapa).

Chicago agricultural commodity futures market closes higher

Chicago agricultural commodity futures market closes higher CHICAGO, Dec. 11 (Xinhua) -- Chicago agricultural commodity futures rose across the board Wednesday, led by corn. The most active corn contract for March delivery rose 3.25 cents, or 0.75 percent, to close at 4.3925 dollars per bushel. March wheat gained 2 cents, or 0.31 percent, to close at 6.4075 dollars per bushel. January soybeans climbed 5.75 cents, or 0.43 percent, to close at 13.44 dollars per bushel.

Chicago agricultural commodity futures market ends lower

Chicago agricultural commodity futures market ends lower CHICAGO, Dec. 10 (Xinhua) -- Chicago agricultural commodity futures dropped across the board Tuesday, led by wheat. The most active corn contract for March delivery dropped 2 cents, or 0.46 percent, to close at 4.36 dollars per bushel. March wheat lost 11.75 cents, or 1.81 percent, to close at 6.3875 dollars per bushel. January soybeans dipped 5.5 cents, or 0.41 percent, to close at 13.3825 dollars per bushel.

Chicago agricultural commodity futures market closes mixed

Chicago agricultural commodity futures market closes mixed CHICAGO, Dec. 9 (Xinhua) -- Chicago agricultural commodity futures market closed mixed Monday, with corn and soybean rising and wheat slipping slightly. The most active corn contract for March delivery rose 3.75 cents, or 0.86 percent, to close at 4.38 dollars per bushel. March wheat dipped 0.5 cents, or 0.08 percent, to close at 6.505 dollars per bushel. January soybeans climbed 18.25 cents, or 1.38 percent, to close at 13.4375 dollars per bushel.
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