Small farmers want change in agricultural

Africa is hungry, with 240 million people undernourished.

Now, for the first time, small African farmers have been properly consulted on how to solve the problem of feeding sub-Saharan Africa.

Their answers appear to directly repudiate a massive international effort to launch an African Green Revolution funded in large part by the Bill and Melinda Gates Foundation.

USDA to pay American Indian farmers

American Indian farmers who experienced discrimination in federal farm programs will share up to $680 million under a legal settlement announced Tuesday by the U.S. Department of Agriculture. 

The government gives priority to the development in the Agricultural Sector

Secretary to the Ministry of Agriculture  K.E.Karunarathne  said that the government  has given prominence to the development of the agricultural sector. In the year 2005 ,  Sri Lanka has imported  85 percent of its requirement of corn.  However  by last year,  Sri Lanka was able to produce  85 percent of its  corn requirement.  

ROC agricultural minister takes center stage at APEC

ROC Council of Agriculture Minister Chen Wu-hsiung underscored measures for dealing with food and climate crises, as well as Taiwan’s contribution in this regard at the first APEC Ministerial Meeting on Food Security, which closed its doors in Niigata, Japan Oct. 17. 

Sugar Technicals from Reuters

   

SINGAPORE, Oct. 18 (Reuters) - New York sugar is expected to retrace to a range between 25.42 cents and 26.12 cents per lb as indicated by its wave pattern and a Fibonacci retracement analysis.

A five-wave completion is seen on the rise from 22.49 cents to 28.36 cents, and the current correction is expected to drive the price down to a range formed by the 38.2 percent and 61.8 percent Fibonacci retracement levels.

 A bearish divergence that has formed on the RSI indicator confirms the completion of the five-wave cycle.

Resistance is at 27.80 cents, a break above which would temporarily invalid the bearish outlook.

Wheat Technicals from Reuters

   

SINGAPORE, Oct 18 (Reuters) - CBOT wheat's December contract may rise towards $7.25 per bushel, as a consolidation that started from $7.39-¾   could have completed.

A descending wedge was broken at its upper trendline resistance of $7.06.

The contract then found strong support at $6.95, which is sandwiched between $6.88-½   and $6.98-⅜   - the 61.8 percent and 50 percent Fibonacci retracement levels on the rise from $6.57 to $7.39-3/4.

A fall below support at $6.95 would be very bearish, as it may extend to $6.69.

Soybean Technicals from Reuters

   

SINGAPORE, Oct. 18 (Reuters) - A bullish target at $12.26 per bushel for the CBOT soybean November futures contract has been aborted as a five-wave cycle could have been completed at the Friday high of $12.04-1/4.

A bearish target has been established at $11.42-1/4, the 38.2 percent level, as per a Fibonacci retracement analysis, on the rise from $10.42 to $12.04-1/4. 

A minor support is observed at $11.66, the 23.6 percent level, but it could be too vulnerable to hold the fall.

Resistance is at $11.90, a break above which would slightly extend its gain to $12.00.