In Brief… – for Sep. 15, 2011

Dryness dims Argentine wheat outlook:Much of Argentina s wheat belt is getting dry, with frosts hampering the healthy development of 2011-12 crops in some northern areas, the Buenos Aires Grains Exchange said last week. Without moisture on surface soils, the outlook for wheat yields is gradually deteriorating in the western crop belt, the exchange said

“Monstrous” Canola Yield Reports Pressure Futures

Canola futures on the ICE Futures Canada trading platform experienced a minor push to the downside during the week ended Sept. 9. Declines were influenced by the favourable weather for harvest operations, particularly in Saskatchewan and Manitoba, and indications that some monstrous canola yields were being achieved. The larger-than-expected supply of canola in commercial and


Hedge Funds Hit The Fields To Check Out Crops

Except for the spiffy Hunter rainboots that can cost more than $100 a pair, the fund manager was one with the crowd – farmers and industry folk in a muddy cornfield in the heart of U.S. grain country. Hedge fund officials are making their way to fields in the midwestern United States in record numbers

In Brief… – for Aug. 11, 2011

Correction:The following four winter wheats – CDC Kestrel, CDC Clair, CDC Harrier, CDC Raptor and CDC Falcon will be transferred from the Canada Western Red Winter wheat class to the Canada Western General Purpose class Aug. 1, 2013. Incorrect information appeared in last week’s edition. CDC Falcon will remain in the CWRW class past 2013



Western Farmers Happy To Sell Feed Wheat

Producers on the Canadian Prairies have seen the price of feed wheat increase over the past month, and are stepping up to the plate to sell while the market is strong. “The farmer has been a steady seller of late,” said Andrew Gallie, a trader based in Winnipeg. “They are pretty satisfied with values right


“Great Grain Robbery” Law Reveals Big U.S. Sales

A1973 U.S. law requiring grain traders to promptly report export sales last week shed light on a mammoth corn sale believed to be destined for China. The U.S. Agriculture Department announced last Friday the sale of 1.25 million tonnes of corn worth $350 million to an unknown destination, which traders believe is China. The law

U.S. Makes Biggest Canada Feed Wheat Buy In Decade

Canadian feed wheat is flowing into the southeastern United States in the largest quantities for more than a decade, highlighting tight U.S. corn supplies and a surplus of feed wheat in Canada, several trade sources said March 10. Wilmington Bulk LLC, a consortium of North Carolina poultry and swine producers including Smithfield Foods, has bought


As Land Runs Out, U.S. Corn Yield Growth Must Quicken

For decades, U.S. farmers have helped feed the world by sowing some of the most versatile cropland, adjusting each year to grow a bit more of this and less of that, to replenish those crops in greatest shortage. This year, however, even with farmers planting nearly every acre of arable land, it will not be

Pea Outlook Good

Cool conditions, and in some cases frost, has affected India’s dry pea crop, and that is expected to improve the export outlook for Canadian producers in the 2011-12 crop year, Fred Oleson, deputy director of the Market Analysis Group with Agriculture and Agri-Food Canada, told the annual GrainWorld conference in Winnipeg Feb. 28. “The frost