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Search resuls for: "Mark Weinraub"


4 mentions found


☆ Analysis: Bumper US corn harvest sinks prices, pushes global supply to surplus
  + stars: | 2023-10-19 | by ( Mark Weinraub | ) www.reuters.com   time to read: +5 min
A bumper harvest will strain storage capacity and hold down prices of the world's most traded commodity crop. Already corn prices are trending near three-year lows at a time when some food prices are rising due to tight supplies of other staples like rice, stoking inflation worries. Just 16 months ago corn prices were at their highest in a decade as the war in Ukraine disrupted supplies from the Black Sea breadbasket. USDA forecast that domestic corn supplies would jump 55% to 2.111 billion bushels in the 2023/24 marketing year, helping push the global stockpile to a five-year high by September 2024. Some growers need to take out loans to fund their operations as they wait and hope corn prices will rise.
Persons: Shannon Stapleton, Steve Pitstick, Pitstick, Stephen Nicholson, Bill Roenigk, Harold Wolle, Wolle, Tom Polansek, Caroline Stauffer, David Gregorio Our Organizations: REUTERS, U.S . Agriculture Department, Brazil, Rabobank, Corn, Maine Foods, U.S, Growers, Thomson Locations: Kelley , Iowa, U.S, PARK , Illinois, Chicago, Illinois, Ukraine, Cal
☆ El Nino may hammer Asian farms with dry weather, but shower American growers
  + stars: | 2023-06-01 | by ( Naveen Thukral | ) www.reuters.com   time to read: +5 min
El Nino, a warming of water surface temperatures in the eastern and central Pacific Ocean, is expected to develop in the coming months, according to meteorologists. The onset of monsoon rains across South Asia is likely to be slightly delayed this year and El Nino could hit rice and oilseeds production. "El Nino could develop during July ... it might have an impact in the second half of the season," said O.P. "In general, a big part of the Pampean region and Northern Argentina have above-normal rains with the El Nino phenomenon." In Europe, where El Nino is not typically linked to pronounced weather patterns, major crops are in good shape after abundant spring rain, with the exception of drought-hit Spain.
Persons: El Nino, Chris Hyde, El, Phin Ziebell, Sreejith, Germán Heinzenknecht, David Tolleris, Rains, Naveen Thukral, Maximilian Heath, Mark Weinraub, Rajendra Jadhav, Gus Trompiz, Christian Schmollinger Organizations: Nino, El, National Australia Bank, India Meteorological Department, El Nino, HIT, Thomson Locations: Australia, India, Southeast Asia, Asia U.S, South America, SINGAPORE, Asia, U.S, Indonesia, Malaysia, Thailand, Pakistan, El Nino, Americas, Russia, Ukraine, New South Wales, Queensland, South Asia, ARGENTINA, United States, Argentina, Northern Argentina, China, Europe, Spain, Buenos Aires, Chicago, Mumbai, Bengaluru, Paris
☆ U.S. farmers plan to go 'heavy on corn' in 2023
  + stars: | 2023-02-06 | by ( Mark Weinraub | ) www.reuters.com   time to read: +4 min
Plans for the upcoming season were made even as doubts mounted about demand and price gains for soybeans outstripped corn late last year. 2 U.S. cash crop, soybeans. Hunnicutt cited the reliability of corn yields as a key reason to go big on corn in 2023. DEMAND WANESU.S. farmers alternate between soybeans and corn in a bid to maintain soil health. Last year's harvest shortfall left corn supplies at their lowest since 2013 and made farmers hopeful that prices would rally in the coming months.
☆ U.S. nitrogen exports jump as Europe scrambles for fertilizer
  + stars: | 2022-10-25 | by ( Rod Nickel Mark Weinraub Maytaal Angel | Rod Nickel | Mark Weinraub | ) www.reuters.com   time to read: +4 min
A farmer spreads nitrogen fertilizer in his wheat field in Blecourt, France, May 27, 2021. Russia, under financial sanctions, is a major producer of fertilizer and natural gas, key in making nitrogen products to boost yields of corn and other crops. Since Russia's February invasion of Ukraine, Europe started weaning itself off Russian natural gas and a pipeline transporting ammonia from Russia to a Ukraine port shut down. European countries typically buy most of their imported urea, a form of nitrogen fertilizer, from North Africa, but are now purchasing it further afield, Wallace said. EU nitrogen prices eased in mid-October as some European plants resumed production due to softening natural gas prices, he said.
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