Wheat May Peak Near $11 In 2011 On Weather

U.S. wheat prices will rise above $8.50 a bushel this spring and may approach $11 if adverse weather damages the crop in the United States and other top growing nations, said an analyst who was the second closest in predicting prices in a Reuters poll last year. Worries about snug global supplies of milling wheat

Analysis: Wheat Class War To Erupt In 2011

The price of every class of wheat pushed strongly higher in 2010 as production problems beset nearly all the world’s major wheat growers to offer a uniformly supportive backdrop for the global wheat market. But with wheat prices now at multi-year highs around the world, end-users are starting to seek out substitutes for expensive feed


CWB Raises Wheat Export Target Again

The Canadian Wheat Board on Jan. 4 raised its 2010-11 grain export target for the third time since midsummer, but bigger shipments from Western Canada will do little to ease global worries about a shortage of high-quality milling wheat. Too much rain last summer in Western Canada and during the current harvest in eastern Australia

In Brief… – for Jan. 13, 2011

Dangerous beetle found in L.A.:U.S. customs officials last week said they had found a beetle considered one of the world’s most dangerous agricultural pests in a shipment of rice arriving at Los Angeles International Airport. Officials found an adult khapra beetle, eight larvae and a shed skin in a shipment of Indian rice from Saudi


Monsanto Sees Gains In Corn, Soy, Wheat Projects

Monsanto, the world’s largest seed company, said on Jan. 6 that a lineup of new biotech seed products has the company well positioned for future growth. St. Louis-based Monsanto said it has 19 projects advancing through its research and development pipeline, including nine added in the last two years. Notable advancements are being made in

Wheat Growers Question CGC Increases

Before the Canadian Grain Commission hikes user fees, there needs to be a thorough review of services, says the Western Canadian Wheat Growers Association. “Our approach on this is that before we raise any fees we should first have a critical examination of all of the services that the grain commission provides,” WCWG executive director


Uncertainty Threatens Research Investment In Canada

Syngenta Canada president Jay Bradshaw says wheat is Canada’s next “Cinderella” crop, but warns that the opportunity could be lost if governments stray from science-based regulations, discouraging private research investment. “My biggest competitors are inside our own global research budget,” Bradshaw told the Western Canadian Wheat Growers convention in Vancouver last week. “We need to

Easter Wants Transport Canada At Ag Committee

If Transport Canada declines another invitation to appear before the House of Commons’ agriculture committee, it will be subpoenaed to appear, according to Liberal Agriculture Critic Wayne Easter. “The fact of the matter is when a parliamentary committee invites a department to come before it they’re expected to come,” Easter told reporters Dec. 13 during


Market Attention Turns To Spring Seeding Plans

ICE Futures Canada canola contracts bounced around in a narrow range during the first trading week of the new year, but finished a little weaker than they were to end 2010 as some profit-taking came forward to weigh on values. In the U.S., soybeans, corn and wheat also saw a similar pattern to start the

Soybean Acres Poised To Jump In 2011

Brace yourself for a possible big leap in Manitoba soybean acres in 2011. Soybean plantings could jump by 40 per cent or more this year, following a record crop in 2010 despite adverse growing conditions, producers at St. Jean Farm Days were told. Strong prices and the arrival of new varieties are fuelling the potential