Author: Michael Ferrari, PhD
VP, Applied Technology & Research
In a Bloomberg report this morning, the current food supply and price situation was aptly described as ‘Kitchen Table Economics.’ With uncertainty over the direction of food costs, underscored by a recent UN statement showing prices at new highs, where do we go from here?
In any given year, [...]
Overnight activity has the grain/oilseed complex opening on a lower note, with wheat leading the way. Northeast China has received rainfall over the last few days, bringing some relief to the provinces that have been affected by the recent drought in the region (particularly Shandong and Henan provinces). While the rains have eased some of [...]
The Southern Oscillation Index value for January2011 was again strongly entrenched in positive phase (chart from the Australia Bureau of Met).
La Nina conditions to continue, with effects on prices of everything from corn to coal. Weather Trends map below shows current snapshot of Pacific cold SST anomalies.
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
In the weather and climate community, 2010 will be remembered as a year where the strong La Nina pattern exerted a significant influence on global agricultural production, with weather extremes hitting key commercial producing regions across a number of sectors. The Southern Oscillation index (SOI), a measure of [...]
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
The Agricultural Outlook Americas conference was held in Boston this week. This year’s event brought together a mix of growers, investors and technologists, with discussions ranging from new investments on the farm to currency hedges. The three day event contained too many interesting discussion [...]
Raw sugar futures continue to exhibit strength on global supply concerns, helped by the weaker USD. With nearly all analysts reducing their global crop surplus estimates for 2010/11, with most are now in the range of a 3-4 mmt net global surplus (down from between 6-8 mmt). There are more concerns now circulating the wires [...]
