Caution Needed As U.S. Farmers Borrow

A senior U.S. lender is warning farmers to take a cautious approach to borrowing, with crop prices unlikely to maintain their high levels in the coming years and the U.S. debt crisis overhanging the economy. Emboldened by soaring grain and oilseed prices, U.S. farmers have aggressively borrowed to buy land and equipment in recent years,



CME To Push Ahead With Higher Corn Trading Limits

The CME Group made it clear at a July 19 meeting that the exchange would go ahead with plans to raise the daily trading limits on corn futures despite strong opposition from many grain-handling companies. The CME’s request to raise the trading limit to 40 cents from the current 30 cents is under review by

Weather Concerns Drive Markets

Canola futures on the ICE Canada trading platform continued their upward trek during the week ended July 15 with weather concerns and a pickup in demand assisting the price gains. Some of the weather concerns were linked to the Canadian Prairies and differing opinions on the condition of the canola crop in each of the


Storms Knock Down Wide Swath Of U.S. Corn Acres

CHICAGO/REUTERS Severe thunderstorms that ripped across the U.S. Midwest July 11 may have destroyed up to 550,000 acres of corn, although 100,000 to 275,000 acres was more likely, an agricultural meteorologist said. The U.S. National Weather Service said the storms produced straight-line winds in excess of 70 miles per hour (113 km per hour), with



Alberta Fund Leery Of Agricultural Bubble

The global commodity boom is driving prices for agricultural assets to near bubble levels and the best opportunities may be found in related investments, the head of one of Canada’s biggest pension funds warned. “I must get an agricultural play in my inbox once a day or once every couple of days and that’s usually




Canola Drops On Fund Profit-Taking

ICE Futures Canada canola contracts dropped sharply during the week ended June 24, hitting their lowest levels in over a month as a broad-based fund sell-off weighed on prices. An unexpectedly bearish Statistics Canada acreage report also accounted for some of the selling, although most participants were downplaying the large StatsCan acreage number, given the