Brazil

Brazil opens two new rail-port grain terminals in north

Source: DTN, Alastair Stewart South America Correspondent

VLI, a Brazilian logistics operator, announced it had opened two new grain terminals in the northern state of Tocantins, continuing the improvement in logistics in Brazil’s expansion regions.

The terminals serve the north-south railroad, also essentially controlled by VLI, on which beans and corn from Maranhao, Tocantins, Piaui, Bahia and eastern Mato Grosso will be transported to the northern port of Itaqui.

The R$264 million ($73 million) investment will increase grain capacity along the north-south route by up to 6 million metric tons (mmt), estimates VLI. Read more

loonie piggy bank image

Canadian dollar tops 77 cents US

Loonie hits highest value of the year above 77 cents US

Source: March 30, 2016 CBC News

The Canadian dollar rose above 77 cents US on Wednesday, a day after U.S. Federal Reserve chair Janet Yellen brought the U.S. currency back down to Earth with her comments on the American economy.

The loonie, as it’s known, closed at 77.17 cents US, up by .68 of a cent. Earlier in the day the loonie was at 77.44 cents US, its highest level since October.

The loonie’s gain comes despite a slightly down day for oil, which lost three cents to trade at $38.25 US a barrel. Read more

Grain Marketing

Why we need to pay attention to early corn planting dates

By Kevin Van Trump

Corn traders are talking about the tendency for old-crop prices to peak prior to planting in years we are deemed to be in an over-supplied environment. Meaning the JUL16 contract might now be nearing the upper end of it’s range, possibly somewhere between our current price of $3.75 and $3.90 per bushel? There’s also more talk that most commercials have satisfied their appetite for old-crop supply. Meaning the basis in many parts of the country may continue to fall under pressure in the days ahead, especially if flat-price continues to move higher. Many commercials are saying they will take old-crop bushels, but only at discounted rates as they seem content simply waiting on new-crop supply to enter the pipe-line. Make certain you are factoring this into your marketing strategy. Technically we also seem to be approaching more heavier Read more

Grain Marketing

US corn sowings ideas wane, as futures underperform

Investors appear to be trimming expectations for the growth US corn sowings this year, as a key report looms, with futures markets boost the incentive for farmers to raise plantings of rival soybeans.

Rabobank on Thursday forecast a rise of 1m-1.5m acres in US corn plantings, from the 88.4m acres seeded last year.

And separately, US-based Global Commodity Analytics, citing results of a limited farmer survey, pegged seedings at 89.4m acres.

Earlier this week, Societe Generale put corn seedings at 89.0m acres, while Informa Economics on Friady pegged area at 89.5m acres.

Although all these forecasts would see US farmers raise sowings of the grain for the first time in four years, the estimates are below the 90.0m acres at which the US Department of Agriculture pegged seedings in an initial estimate last month.

An Allendale report last week did come in with a more upbeat estimate for corn sowings, of 90.4m acres. Read more