September 10, 2015

10/09/2015: Soyatech News


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Image: Kurt Haubrich
In stark contrast to past two years, abundant grain trains available this harvest 
In stark contrast to the past two seasons, there are abundant grain trains available across the upper Great Plains at the beginning of this season’s harvest following rail upgrades, political pressure, and a reduction in oil drilling. 

International Grains Council raises forecast for US sorghum exports 
Despite a slowing of sorghum exports at the tail end of the 2014/15 season, the International Grains Council has raised its forecast for U.S. sorghum exports for 2015/2016. 

Tasmania’s grain production to be doubled in five years to keep pace with dairy expansion 
Tasmania is targeting the doubling of its grain output by 2018 in order to keep pace with feed demand from its growing dairy sector. 

Flour Mills of Nigeria Plc to invest US$1 billion over next five years 
Flour Mills of Nigeria Plc announced it is planning to invest US$1 billion over the next five years as it continues to pursue a plan of backward integration to remain a leader in the grain sector. 

Perennial grain crops inch closer to reality 
A Canadian researcher is making strides toward the eventual commercialisation of a perennial grain crop.   
  
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Two Nebraska grain co-ops advance merger
Two Nebraska grain co-ops have signed a Letter of Intent to merge, subject to a member vote to be conducted later this year.  

Despite bumper crop, low rouble, Russian wheat exports down, industry in confusion
Russia is reaping a bumper wheat crop and is seeing a devaluation of its rouble, but exports are down 25 percent in August due to Putin’s export tax.  


Oman’s Salalah Mills investing US$19 million to build flourmill
Oman’s Salalah Mills is investing US$19 million to build a flourmill that will make the company the largest miller in the Sultanate and one of the largest among GCC countries. 


We have heard:

  • Xia Haijun, the chief executive of Chinese property developer Evergrande Real Estate Group, announced the firm plans to spin off its grain and oil as well as its dairy units. A timeline for the divestiture was not given.
  • Under a law signed in March allowing individual EU member countries to seek exclusion from any cultivation of genetically modified crops, Greece has requested to opt out of allowing the cultivation of Monsanto’s MON810 corn. The European Commission has stated that so far only Greece and Latvia have asked for GMO crop exclusions.
  • Lancasteronline.com reports that delays surrounding Perdue AgriBusiness’ attempts to get an air-quality permit from the state of Pennsylvania will mean that its proposed $59 million soybean-crushing plant in Lancaster County is not going to be built in time to handle the 2016 soybean harvest.
  • The Aberdeen American News reports that Monica McCranie, a soybean farmer from northeast South Dakota, has been chosen to be treasurer for the World Initiative for Soy in Human Health. Founded by US soybean farmers in 2000, the initiative is a market development organisation with the goal of increasing demand for US soy.
  • Ukraine’s Minister of Agrarian Policy and Food announced on August 31 that as of that date the country has harvested 5000 hectares of corn with an average yield of 4.2 tons per hectare, and 77,000 hectares of soybeans with an average yield of 1.84 tons per hectare. 
  • In 2014, grain surpassed chemicals as the number one exported item from the state of Texas – with Greater Houston exporting close to US$1.2 billion dollars’ worth of sorghum to China - up from zero in 2012. 
  • The Irish Times reports that 2500 Irish farmers dumped grain in front of the offices of the European Commission in Dublin on Monday August 31 in protest of falling prices across multiple agricultural industries including grain, dairy, and pork, and called for EU action on falling farm incomes.
  • A new online survey of 1510 US adults conducted by the Whole Grains Council (WGC) found that consumption of whole grains is on the rise. The survey found that 64 percent of Americans have increased whole grain consumption “some” or “a lot” over the past five years, 31 percent said they nearly always choose whole grains, up from 4 percent five years ago, and 32 percent of respondents said they choose whole grains about half the time.
Events:      





The Global Miller
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