Grain Markets & Farming Articles - Manitoba Co-operator

Cereals, Grain Markets, International news, News

Egypt bakers threaten strikes to protest missed payments

By Tom Perry March 7, 2013

Reuters / Egyptian bakers are threatening strike action unless the government meets demands including back payment of financial incentives, raising the prospect of fresh unrest in the crisis-ridden north African country. Abdullah Ghorab, head of the bakers’ association which represents 25,000 private bakeries across the country, said imminent strike action has been postponed following a

Cereals, Crops, Grain Markets

Wheat: Short-term trend down – long-term trend up!

By David Drozd March 7, 2013

The wheat market has been under pressure since prices peaked in July 2012 So what has changed since last summer’s high? Wheat futures prices have declined $2.50 per bushel and cash prices have declined $1. The $1.50 difference in price is due to a better basis and a lower Canadian dollar. We have an open

Cereals, Crops, Grain Markets, International news, News, Oilseeds

IGC forecasts larger world wheat crop

By Nigel Hunt March 7, 2013

Most of the increased production will be absorbed by higher demand and end-season stocks are expected to rise by only two million tonnes

World wheat production in 2013-14 is tentatively expected to rise by four per cent, the International Grains Council said Feb. 21, issuing its first forecast for next season’s supply-and-demand balance for the commodity. “Much (of the increase) is expected to be absorbed by higher demand and end-season stocks are likely to rise by just two

Crops, Grain Markets, News, Oilseeds

Canola outlook bearish despite tight supplies

By Terryn Shiells March 7, 2013

Canadian canola supplies for the current crop are looking very tight — but that’s not likely to do much for prices, says a market analyst with Cargill. That’s because traders have already priced tight supplies into the market and are looking ahead to what’s going to happen next, David Reimann said in a presentation at

Crops, Grain Markets, International news

Russia eyes recovery from drought and return to exports in 2013

By Polina Devitt March 7, 2013

There are concerns over Russia’s grain export volumes if the country harvests a modest crop this year, Deputy Agriculture Minister Ilya Shestakov said. Feb. 28. Russia’s officials are targeting an ambitious harvest of 95 million tonnes this year, after last year’s 71 million tonnes when the country was hit by drought. “If the harvest will

Crops, Grain Markets, Oilseeds

Canola export plan eyes key tariff, non-tariff barriers

By Manitoba Co-operator Staff March 7, 2013

Tariffs still hinder canola’s access to China, Japan,  Korea and the EU but non-tariff barriers are emerging

Some countries are still slapping import-limiting tariffs on Canada’s canola, but the industry warns this country’s most valuable commodity crop is “uniquely susceptible” to non-tariff barriers emerging at an increasing rate. Both types of barriers in key export markets are targeted in the Canola Council of Canada’s new market access strategy — and will require

Cereals, Crops, Grain Markets, Oilseeds

Precipitation elsewhere drags on oilseed momentum

By Dwayne Klassen February 28, 2013

Canola futures on the ICE Futures Canada trading platform posted small advances during the week ended Feb. 22. The gains would have been significantly higher had it not been for some late-week taking of profits by a variety of market participants. Some of the strength was related to the downward swing in the value of

Cereals, Crops, Grain Markets, News

Britain makes rare North American soft wheat purchase

By Nigel Hunt February 28, 2013

Acargo of 20,000 to 25,000 tonnes of North American soft wheat will be shipped to Britain shortly with a poor-quality domestic harvest forcing millers to look to imports, trade sources said Feb. 6. Britain’s wheat imports this year have been running at their fastest pace for nearly 20 years after the harvest was hurt by

Crops, Grain Markets

Vitol plans grain market debut, hires Viterra traders

By Emma Farge February 28, 2013

Reuters / Top oil trader Vitol is building a global grains desk and has taken advantage of Glencore’s takeover of Canadian grains giant Viterra to hire a team of its traders, trading sources said Feb. 20. Vitol, which has an annual turnover of nearly $300 billion, will vie for market share along with rival trading

Crops, Grain Markets, Oilseeds

Demand for Prairie flax to increase

By Terryn Shiells February 28, 2013

Export demand for western Canadian flax is expected to increase this year, Jonathon Driedger, senior market analyst with FarmLink Marketing Solutions said in a presentation at the annual Wild Oats Grain World Conference in Winnipeg on Feb. 25. Driedger expects exports of western Canadian flax to increase to 436,000 tonnes in 2012-13, from 391,000 in

Daily Network News

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The Canadian GMO mustard wars: Dijon vs canola

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