World Agrinews

Commodities may trail last year’s performance as China’s move to curb bank lending reduces demand, said Charl Malan, who helps manage $2.3 billion at Van Eck Global Hard Assets Fund.

Corn fell to a 12-week low on concern that record U.S. production will overwhelm global demand as China seeks to slow economic growth. Limits on lending in China sparked a rally in the dollar, sending crude oil to a five-week low and the Reuters-Jefferies CRB Index of 19 commodities down as much as 1.1 percent. On Jan. 12, the U.S. forecast record world production, signaling ample supplies for makers of livestock feed, sweeteners and ethanol.

On January 22, 2010, the Decree of the Ministry of Agriculture of Russia dd. January 21, 2010, #3-r about the beginning of public commodity interventions of maize of the harvest-2008 was promulgated.

European Union cereal production is expected to be virtually unchanged at 292 million metric tons in 2010-11 compared to the previous harvest year, Strategie Grains said in its monthly report published Thursday.