Ukraine planted spring grains on 7.48 million hectares, or just over 98% of the planned total area, to June 8, the agriculture ministry reported Thursday.
The U.S. is producing more ethanol than expected and, as a result, the industry is buying up more corn to make the fuel, the U.S. Department of Agriculture said Thursday.
Corn futures are little changed, set for the first weekly gain in three weeks, after the U.S. pared its forecast for the nation’s inventory of the grain to the smallest since 2007 on higher demand from ethanol producers.
The United Nation's incoming chief on climate change cautioned Wednesday it could take until 2050 to build the machinery that will ultimately tame greenhouse gases.
The French government has confirmed its estimate for soft wheat production in 2009-10 at 36.5 million metric tons, data from the Agriculture Ministry's statistics arm show Wednesday.
The China National Grain and Oils Information Center said Wednesday that it expects the country's corn output in 2010 to rise 2.5% to 168 million metric tons on the back of increased planted area.
The U.S. Department of Agriculture is expected to trim its forecast for the 2010-11 U.S. winter wheat crop from last month, with analysts projecting a drop in hard red winter wheat production.
Only a few minor tweaks are expected to old- and new-crop soybean balance sheets when the U.S. Department of Agriculture releases its June supply and demand report Thursday.
China’s corn production this year may increase 2.5 percent from 2009 to 168 million metric tons as farmers boost plantings, the China National Grain & Oils Information Center said.
In May 2010, grain export from Ukraine amounted to 850,000 MT or twice as less than in May 2009. In particular, there were exported 230,000 MT of wheat, 340,000 MT barley, and nearly 280,000 MT of corn.