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Cereals, Crops, Grain Markets, Oilseeds

New USDA Numbers Surprise Markets

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 continued to trek higher during the week ended July 2. Steady domestic crusher demand, combined with weather worries across the Canadian Prairies, helped to stimulate the price advances. The continued refusal
Cereals, Crops, Grain Markets

Meeting China Grain Demand A Tough Task

China faces a “formidable” task in meeting demand for grains such as rice, wheat and corn in the next decade, Agriculture Minister Han Changfu was quoted as saying July 4. Han said China’s urbanization and rising living standards would push national grain demand to more than 572.5 million tonnes by 2020. Last year it harvested
Cereals, Crops, Grain Markets

Egypt Wants Diversified Wheat Origins

CAIRO/REUTERS Egypt wants to maintain imports of wheat from a diversified range of origins, the trade minister said June 27, after Egypt tightened terms for tenders that some suppliers said would add complications and costs. Since the start of the current financial year in July 2009, Egypt, the world’s largest wheat importer, has purchased 5.53
Grain Markets, Oilseeds

StatsCan Acreage Data Released, Ignored

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 closed the week ended June 25 with advances. The nearby July contract managed to post the best advances in response to the buying back of previously sold positions. The rolling out
Grain Markets, Oilseeds

Canada’s Rains Support U. S. Soybeans

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For three-times-daily market reports from Resource News International, visit “ICE Futures Canada updates” at www.manitobacooperator.ca. The ICE Futures Canada canola market posted sharp gains during the week ended June 18, with prices climbing to their highest levels in six months as excess moisture concerns across the Prairies had the market rationing demand. Bullish technical signals
Grain Markets, Poultry

USDA Unveils New Rules For Livestock Sales

WASHINGTON/REUTERS U. S. cattle, hog and poultry producers will gain additional protection against unfair sales practices in a livestock-marketing rule unveiled June 18 by Agriculture Secretary Tom Vilsack. Among other steps, the rule would bar meat packers from offering better prices to large feeders than smaller operators without good reason and give poultry producers more
Grain Markets

Non-Wood Pulp And Paper Funded

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The federal and provincial government’s have invested $400,000 to Manitoba-based Prairie Pulp and Paper to support research and development of high-quality, eco-friendly paper made from agricultural crop byproducts. “We just finished testing the first round of prototype paper (3,000 sheets) with commercial paper buyers across North America and they were very well received. It’s tree-free,
Cereals, Grain Markets, Oilseeds

Unseeded Acres Arrive In Markets

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For three-times-daily market reports from Resource News International, visit “ICE Futures Canada updates” at www.manitobacooperator.ca. Mounting weather concerns across Western Canada finally made their way into the canola market during the week ended June 11, causing the futures to rally sharply higher on ideas that large areas will be left unseeded this year due to
Grain Markets

EU To Overhaul GM Crop System

BRUSSELS/REUTERS The European Union is to radically overhaul its approval system for genetically modified (GM) crops from next month, opening the way to large-scale GM cultivation in Europe, draft proposals showed. With most Europeans showing no appetite for GM produce in food, EU politicians have approved just two varieties for growing in 12 years, compared
Cereals, Grain Markets, Oilseeds

Rain Falls, Market Uncertainty Rises

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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 bounced around within a narrow range during the week ended June 4, ending with small gains in the nearby July contract, but losses in the new-crop months. Weather worries grew across the Prairies, providing some

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