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Cereals

Cereals, Crops, Oilseeds

Analyst Says Fertilizer Prices Have Likely Peaked

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Rising grain and commodity prices are boosting fertilizer demand. “With prices for corn, soybeans, wheat, and canola all going higher, guys have been more apt to buy fertilizer, and we should see more of it on the land this year,” said David Asbridge, president and senior economist with NPK Fertilizer Advisory Service in St. Louis.
Cereals, Crops, News

Kazakh Grain Crop To Recover After Export Dip

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Kazakhstan, expecting a return to average crop volumes this year, has reduced its grain export forecast to seven million tonnes in the current marketing year after its drought-affected harvest fell below expectations in 2010. The world’s seventh-largest wheat exporter is forecasting a 2011 harvest of between 15 million and 16 million tonnes, helped by plentiful
Cereals, Crops

Drought Hits Wheat, Water Supply In China

Around 2.2 million people are facing a shortage of drinking water due to a severe drought in parts of central, southern and eastern China, with some cities starting to run low on supplies, state media said Jan. 17. Rainfall is down by between 20 and 90 per cent compared with the same period last year
Cereals, News

Grain Rally Less Speculative Than In 2008: Ritz

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The recent rally in grain and oilseed prices is based more on concerns about crop levels than on speculation by investors, Canada’s agriculture minister said Jan. 17. Prices of crops such as wheat, corn, soybeans and canola are at their highest levels in more than 2-1/2 years amid flooding in Australia and dryness in Argentina.
Cereals, News

Australian Operations Boost Viterra’s Year-End

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Expanding Down Under has boosted the bottom line for grain handler Viterra in fiscal 2010. Canada’s largest grain handler, which bought Australia’s ABB Grain in September 2009, on Jan. 19 booked its first full fiscal year including the Adelaide-based grain firm’s revenues and expenses. Viterra reported profit of $145.27 million on $8.256 billion in revenues
Cereals, Crops, News

Gene Codes Cracked For Strawberries And Chocolate

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Teams of scientists have cracked the genetic codes of the wild strawberry and a certain type of cacao used to make fine chocolate, work that should help breeders develop better varieties of more mainstream crops. The wild strawberry is closely related to important food crops such as apples, peaches, pears and raspberries, as well as
Cereals, Crops, News, Oilseeds

Price Outlook Good — But Jumpy

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It doesn’t seem to matter whether analysts are studying the market fundamentals, technical charts or the stars these days, they all agree on one thing. Prices are strong and there is plenty of potential for them to get stronger. But there was a caveat attached to the bullish outlook analysts dangled tantalizingly in front of
Cereals, Crops, Oilseeds, Opinion

Battle For Acres

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It wasn’t many years ago when the grain market could be categorized as the good, the bad and the ugly with most commodities in the last two categories. Based on the market outlook presentations at the recent Crop Production Week in Saskatoon, the appropriate categories for 2011 are not so good, good and really good.
Cereals, News

No Seaway Toll Hikes For 2011

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Buoyed by a 15.5 per cent increase in traffic during 2010, the St. Lawrence Seaway has decided not to increase tolls during the 2011 shipping season. “The decision to extend the toll freeze was made in an effort to maintain the momentum underlying the seaway’s market development initiatives,” said Terry Bowles, the new president and

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