Iowa Public Television


Market Headlines

posted on April 2, 2004

News That Moves The Markets:

--Sparks Companies projected in an April crop production report released Friday that corn production in Brazil, Argentina, and South Africa will be sharply lower than a year ago.

--Chinese soybean importers are likely to get quarantine permits earlier than expected, according to OsterDowJones.

--Australian wheat production from the next crop likely will exceed a record 25 million metric tons, a spokesman for the Australian Wheat Board says.

--Taiwan's Department of Health is considering lifting an import ban on U.S. beef that was put in place in late December due to Mad Cow fears.

--Australia's New South Wales government says it will allow three small research trials for genetically modified canola.

--The Brazilian soybean harvest is about half done, and as of March 26, 55 percent of the crop already had been sold. In Argentina, meanwhile, only about 12 percent of the soybean crop has been harvested, down from a year ago at this time.

--A biotech company has won permission to grow the United States' first large-scale crop of genetically engineered rice designed to produce drug compounds.

--Chinese corn output during the 2004-05 marketing year is expected to match last season's levels at best, despite government efforts to stimulate grain production.

Tags: agriculture beef corn Mad Cow markets news rice wheat