Grain and oilseed prices have reached some of their strongest values in years, and a key contributor is demand for corn from U.S. ethanol plants, according to an analyst. Kevin Grier, senior market analyst with the George Morris Centre said the current amount of corn being used by U.S.- based ethanol plants is as high
Ethanol Key Factor In Corn Price Spike
Middle East Pushes Durum Higher
Nat ions in the Middle East and North Africa have long been the leaders in importing durum wheat, and despite the political unrest in the region, imports have not slowed down. Bruce Burnett, director of market analysis with the Canadian Wheat Board in Winnipeg, said the upheaval has caused some nations to bulk up on
GrainWorld: Pork market dependent on grain prices
Canadian pork producers are starting to see a return to profitability, but it’s too early to tell if they are completely out of the woods yet. That’s according to Richard Anderson, executive vice-president of Informa Economics in Memphis, Tenn., who spoke Tuesday at the Canadian Wheat Board’s annual GrainWorld conference in Winnipeg. On the positive
GrainWorld: Frost in India a boon for pea growers
Cool conditions and, in some cases, frost in India have affected that country’s dry pea crop, and that is expected to improve the export outlook for Canadian producers in 2011-12. Fred Oleson, deputy director of the market analysis group with Agriculture and Agri-Food Canada, noted the issues in India while speaking Monday at the Canadian
Oat market dropping on speculative activity
The recent sell-off of agricultural commodities has not left oats out of its path, as values have been on the decline over the past month. Current elevator deliveries for oats are bringing as much as $3.24 per bushel in Manitoba, $3.22 per bushel in Saskatchewan, and $3.39 per bushel in Alberta, according to Prairie Ag
Durum prices trend higher thanks to Middle East
Nations in the Middle East and North Africa have long been the leaders in importing durum wheat, and despite the political unrest in many countries in the area, imports have not slowed down. Bruce Burnett, director of market analysis with the Canadian Wheat Board in Winnipeg, said the upheaval in the area has caused some
Wet Outlook For Spring
Weather analysts believe the wet conditions may last throughout the entire first half of 2011. Drew Lerner, president of World Weather Inc. in Kansas City, said even though Western Canada has been fairly dry for the last couple of weeks, more snow is still on the way this winter. “There are still three systems on
Outlook wet for Prairies’ spring seeding
Flood worries are sky-high in both Manitoba and Saskatchewan this spring, and weather analysts believe the wet conditions may last throughout the entire first half of 2011 and impact spring seeding operations. Drew Lerner, president of World Weather Inc. in Kansas City, said even though Western Canada has been fairly dry for the last couple
Canadian Dollar To Gain Strength: Analyst
After surging above parity late in 2010, the Canadian dollar has been trading in a fairly narrow range during the first 40 days of this year. However, Scotia McLeod’s senior economist says the loonie still has a bullish future. Andrew Pyle is forecasting the dollar will hit US$1.05 by the middle of the year. “We
Ethanol industry blamed for skyrocketing corn prices
Grain and oilseed prices have reached some of their strongest values in years, and a key contributor is demand for corn from U.S. ethanol plants, according to an analyst. Kevin Grier, senior market analyst with the George Morris Centre in Guelph, Ont., said the current amount of corn being used by U.S.-based ethanol plants is
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