The USDA has released its latest Wasde forecasts with bigger-than-expected upgrade across soybeans.
Tuesday’s GlobalDairyTrade auction saw prices fall for a second successive time during the quickest session in five years.
After an up and down week, markets finished last Friday on a weak note with still very little to push pricing in either direction. Funds adjusted their positions through the week, and even new export business and encouraging rainfall only saw marginal gains across key commodities.
The US agricultural attaché forecasts milk production in the EU-28 to rise by 1% to 152.5 mln t in 2015 from last year’s 150.9 mln t due to higher cow inventories of 23.6 (Jan. 2014: 23.5) mln head, as of Jan.
The US agricultural attaché estimates New Zealand to produce 21.4 mln t of milk in calendar year 2015 which is a decline by 2.3% from the 21.9 mln t produced in 2014.