Cattle, corn and the credit crunch

NDSU EXTENSION SERVICE Since midsummer, new-crop December corn futures prices have declined more than US$4 per bushel from the $7.88-per-bushel high. During the same time, November feeder cattle futures prices declined more than US$20 per hundredweight (cwt) from highs of more than $119. My previous columns have emphasized the usual opposite relationship between feeder cattle

Grains lose allure to fund investors

The global economic turmoil that has cost banks billions of dollars in losses and slammed hedge funds has dimmed the appeal of grains as an asset class, with fundamentals for corn and wheat pointing to lower prices. Lately, supply and demand factors have been playing a greater role in determining grain prices than they did


CWB ends 2007-08 with record pool revenue

Strong sales and high prices generated record returns for Prairie grain farmers from the Canadian Wheat Board this past year. The CWB ended the 2007-08 grain year with a record $8.4 billion in gross pool receipts for wheat and barley. The net return to farmers after marketing costs is $7.8 billion, board chairman Larry Hill

Higher yields mitigate ethanol land grab

Higher corn yields and more efficient ethanol plants will reduce the amount of U. S. land needed to supply the burgeoning fuel ethanol industry, a trade group report said Nov. 12. A study commissioned by the Renewable Fuels Association said an additional 6.6 million acres of corn will be needed by 2015 to meet targets


Lower yields nip U. S. corn, soybean crops

U. S. growers will reap 12.02 billion bushels of corn and 2.921 billion bushels of soybeans this year, the government forecast on Nov. 10, lowering its estimates for both crops slightly due to lower yields in a rain-slowed harvest. “The lateness of this year’s fall row-crop harvest has limited planting opportunities for both Soft Red

Ethanol no longer seen as big driver of food price

Heavy demand for corn from ethanol makers was seen as a key driver of corn futures to record highs in June, but since then the sharp decline of corn along with other commodities shows that belief was mistaken. Corn is down about 50 per cent from its record high in June, even as the amount


Farmers want heavy frost to help dry bumper corn crop

“We’ve harvested lots of corn late in the past. We just haven’t done it in a while. It’ll be a good experience for some of these young guys.” – Shawn McCutcheon Until a few weeks ago Manitoba corn farmers were praying it wouldn’t freeze; now a hard, killing frost is exactly what they want to

Grains outlook muted by bearish economy

DON BOUSQUET It’s Your Business For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oilseed futures at ICE Futures Canada in Winnipeg closed the week ended Oct. 17 lower, as steep declines in Chicago futures markets and the continued instability in financial markets pressured prices down.


Prices plunge for big U. S. corn, soy crops

U. S. farmers will reap two of their largest corn and soybean crops ever – 12.200 billion bushels of corn and 2.983 billion bushels of soybeans – but face sharply lower prices at the farm gate, the government said Oct. 10. The Agriculture Department cut its estimate of the season-average price for this year’s soybean