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Grain Markets

Grain Markets

Australia’s GrainCorp To Buy Rival AWB – for Aug. 5, 2010

SYDNEY/REUTERS Australia’s GrainCorp has agreed to take over smaller rival AWB in an A$855 million (US$769.6 million) all-share deal that will create the country’s top grain exporter and the world’s fourth-largest commercial malt producer. GrainCorp said July 30 its offer would create a combined group with a market capitalization of more than A$2 billion that
Grain Markets

Mississippi Traffic Affected By High Water – for Jul. 29, 2010

CHICAGO/REUTERS High water was expected to halt commercial traffic on the upper Mississippi River early this week following weekend storms that dumped more than 10 inches of rain on parts of the northern U. S. Midwest. Six locks on the key waterway linking farms in the U. S. Midwest with grain export terminals at the
Cereals, Grain Markets, Oilseeds

Weather Problems Dominate Market Movement

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For three-times-daily market reports from Resource News International, visit “ICE Futures Canada updates” at www.manitobacooperator.ca. ICE Futures Canada canola contracts moved higher during the week ending July 16, surpassing technical resistance on the way up. The weather and production uncertainty that has been the story over the past couple of months remained the primary supportive
Grain Markets

World Simmers In Hottest Year So Far

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The world is enduring the hottest year on record, according to a U. S. national weather analysis, causing droughts worldwide and a concern for U. S. farmers counting on another bumper year. For the first six months of the year, 2010 has been warmer than the first half of 1998, the previous record holder, by
Cereals, Grain Markets, Oilseeds

Canola Bulls See Grey Skies Ahead

For three-times-daily market reports from Resource News International, visit “ICE Futures Canada updates” at www.manitobacooperator.ca. Canola futures on the ICE Futures Canada trading platform posted solid advances during the week ended July 9 with gains coming on the heels of the reduced production prospects for the crop. The penetration of key technical resistance in the
Cereals, Grain Markets

U. S. Farmers Can’t Meet Booming Corn Demands

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Exporters, livestock feeders and ethanol makers are going through the U. S. corn stockpile faster than farmers can grow the crops, the government said July 9. Despite record crops in two of the past three years and another record within reach this year, the USDA estimated the corn carry-over will shrink to the lowest level

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