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Cereals, Grain Markets, Oilseeds

Can Old-Crop Canola Be Facing $7.50 A Bushel?

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Grain and oilseed futures at ICE Futures Canada in Winnipeg c losed the week ended March 27 lower, with losses in the Chicago market and the firm Canadian dollar weighing on values. Canola posted small losses as sluggish export demand also weighed on prices. China has indicated its canola buying in April will fall to
Cereals, Crops, Oilseeds

Viterra Joins Winter Wheat Campaign

A program aiming for 100,000 new acres of winter cereals seeded across Western Canada this fall now has Viterra on board as its “premier delivery partner.” Ducks Unlimited and Bayer CropScience in mid-January launched “Winter Cereals: Sustainability in Action,” a program to increase winter cereals acres across North America, to which Bayer pledged $20 million
Cereals, News, Oilseeds

Consumers Still Fret About Grain Prices

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Uncertainty over U. S. spring plantings of corn and soybeans and recent weakness in the dollar have brought a resurgence in grain prices that spells fresh headaches for consumers and food makers this year. The commodities, at the base of a food chain that feeds into hundreds of supermarket products, from oils to starches to
News, Oilseeds

Japan To Double Non-GM Soy Reserve

Japan will spend $3 million to double reserves of non-genetically modified soybeans to 7,200 tonnes in the year starting in April, the Ministry of Agriculture said March 17. The ministry’s increased purchase of more costly non-GM soybean for usage in traditional food such as tofu means its spending would rise to 291 million yen ($2.96
Cereals, Grain Markets, Oilseeds

U. S. Creates Over $1 Trillion, Sends Markets Higher

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For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oilseed futures at ICE Futures Canada in Winnipeg c losed the week ended March 20 higher, with strength in the Chicago markets giving good support to prices. Canola was boosted by a disciplined slow approach to farmer
News, Oilseeds

EU New Market For Canada Canola

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Europe’s acceptance of genetically modified canola seed represents an important new market for Canadian farmers, but purchases from the world’s largest exporter of canola seed are unlikely any time soon. The European Commission ruled March 10 to allow import of a type of canola, which German seed developer Bayer CropScience created by modifying the canola
News, Oilseeds

Food/Fuel Debate May Come Off Back Burner

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“But it (biofuel) is still a very significant demand source for the feed grains and… it is likely to increase with the U. S. government looking to increase their ethanol-blending mandates” – DOUG WHITEHEAD, COMMODITY ANALYST The steep drop in energy prices from last year’s peaks has cooled the food-versus-fuel debate for the moment, but
Crops, Oilseeds

DuPont Tests Market For High-Oleic Soy Oil

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DuPont Co. hopes to roll out this year what could be the world’s first genetically modified soybean seed aimed at health-conscious consumers and the food companies that serve them, company officials said. Regulatory approval is pending, but DuPont is already testing the product with food processors to gauge demand and pricing. A small-scale introduction is
Crops, Oilseeds

Monsanto Rebrands Trait Technologies

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Monsanto Canada has announced that its value-added trait technologies will be marketed under the Genuity brand in Canada beginning in 2010. “Genuity gives us the opportunity to communicate about our traits as a family of innovative products that will enable farmers to do what they do best, even better,” said Mike Nailor, trait marketing lead
News, Oilseeds

Biggest Brazil Soy State Loses Taste For GMO Seed

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Farmers in Brazil’s Mato Grosso, the country’s top soy state, are shunning once-heralded, genetically modified soy varieties in favour of conventional seeds after the hi-tech type showed poor yields. “We’re seeing less and less planting of GMO soy around here. It doesn’t give consistent performance,” said Jeferson Bif, who grows soy and corn on a

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