India grain stocks sharply higher

New Delhi / Reuters India’s Jan. 1 wheat stocks at government warehouses were 25.7 million tonnes, more than three times the official target for the quarter ending Mar. 31 government sources said Jan. 9. Rice inventory for the same period was 29.8 million tonnes against a target of 11.8 million tonnes. The wheat target was

South American weather shakes up corn, soybeans

Canola futures on the ICE Futures Canada trading platform managed to trend upward over the holiday period ended Jan. 6. Steady demand from the commercial sector provided some of the strength with weather issues in the oilseed-growing areas of South America contributing to the upward momentum. Fresh export business with China further underpinned canola values.


China extends probe on U.S. DDGs

China’s Commerce Ministry said Dec. 28 that it will extend an anti-dumping probe on imports of U.S. dried distillers grains (DDGs) until June 28 before making a final ruling. It launched the investigation a year ago, threatening trade that has grown massively in 2009 and 2010, when China became the world’s largest importer. Since the

China extends probe on U.S. DDGs

China’s Commerce Ministry said Dec. 28 that it will extend an anti-dumping probe on imports of U.S. dried distillers grains (DDGs) until June 28 before making a final ruling. It launched the investigation a year ago, threatening trade that has grown massively in 2009 and 2010, when China became the world’s largest importer. Since the


Chicago Soybeans Put Pressure On Winnipeg Canola

column Canola futures on the ICE Futures Canada trading platform lost ground during the week ended Nov. 11. Much of the price weakness was associated with the downward price action experienced in the CBOT (Chicago Board of Trade) soybean complex and with the unsettled ongoing macroeconomic picture. Keeping a firm floor under canola was steady



Markets Toss And Turn On Economic Uncertainty

ICE Futures Canada canola contracts bounced around within a relatively narrow range during the week ended Oct. 28, posting declines in most months, aside from the nearby November. The gains in the front month were tied to position-evening ahead of deliveries against the contract, as traders exited their positions in November and the spread narrowed

EU Meltdown Takes Down Global MF

The Chicago Mercantile Exchange and ICE Futures Canada said Oct. 31 that customers of broker-dealer MF Global were limited to liquidating their positions. The exchange, which owns the Chicago Board of Trade, said it would no longer recognize MF Global, which filed for Chapter 11 as a guarantor for floor trading. The company filed for


Larger Economic Issues Weigh On Canola

column Canola futures on the ICE Futures Canada trading platform resumed a downward price trend during the week ended Oct. 21. Losses were attributed to the price declines experienced by CBOT (Chicago Board of Trade) soybeans and outright liquidation by speculative fund accounts. Elevator company hedge selling was also evident, especially when canola showed signs

Viterra Says CWB Can Thrive In Open Market

Winnipeg / reuters Canada s biggest grain handler, Viterra Inc., is willing to work with the Canadian Wheat Board in an open-market system and thinks the board can thrive without its marketing monopoly, chief executive Mayo Schmidt said Oct. 21. If the wheat board chooses to engage with industry to frame out a relationship and