Archive for the 'futures' category
Posted on August 5th, 2011 in Agriculture, Global Commodities, Global Weather, India, Sugar, futures, monsoon with no comments
Last week’s rainfall totals in India’s sugarcane regions has been light in both growing belts; see IMD map below.
Current water vapor satellite is showing less activity in more weak activity & this supports the JulAug dryness that the Weather Trends long range forecast had predicted for this period. With tight physical supply, this is constructive [...]
Posted on July 7th, 2011 in Agriculture, FAO, Global Commodities, Global Weather, India, Sugar, food, futures, monsoon with no comments
World Sugar (Oct) has crossed 29 cents/lb on Thursday as the increasing cost of food prices (sugar included) has added to global inflationary pressures. The Food and Agriculture Organization (FAO) said in a recent statement that the increasing pressure on food prices will be sustained and that while some food commodity prices have slid over [...]
Posted on May 31st, 2011 in Agriculture, Global Commodities, Global Weather, India, Sugar, food, futures, monsoon with no comments
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
The above graphic from the Indian Met Department shows the advance of the 2011 Monsoon as compared to typical onset milestone dates. As we can see by the progression as of 29-30 May, as well as on the inset map, the convective activity originating over the southern subcontinent [...]
Posted on May 26th, 2011 in Agriculture, Biofuels, Global Commodities, Global Weather, USDA, food, futures with no comments
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
The table above from this week’s USDA Crop Progress report underscores the effect that delayed planting this year has exerted on emergence of the crop. In spite of planting progress that has picked up over the last 10 days, some regions may start to run into situations where [...]
Posted on May 13th, 2011 in Agriculture, FAO, Global Commodities, Global Weather, USDA, food, futures with no comments
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
In the USDA Foreign Agriculture Service May 2011 World Agricultural Production Report, it was noted that projected corn production in the US for the 2011/12 season is currently at 343.04 mmt, which would be an 8.5% increase over last year. The increase in planting acres (roughly +1.4 mm [...]
Posted on May 5th, 2011 in Agriculture, Biofuels, FAO, Global Commodities, Global Weather, food, futures with no comments
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
Earlier in the week, we noted that the US corn planting conditions have been suboptimal, with planting pace significantly behind both last year and the five year average for this date. Cold wet weather has slowed field activities, particularly in the northern and central growing [...]