CME Wheat Storage Plan May Hinder Feed Switch

U.S. livestock producers seeking to switch from high-cost corn to wheat in their feed rations face a hurdle from a controversial plan that makes it more profitable for grain elevators to hold on to their wheat supplies, analysts said. The CME Group’s plan, which aims to narrow the spread between soft red winter wheat futures

CBOT Corn Tops Wheat For First Time In 15 Years

For the first time in 15 years, wheat prices fell below those for corn on April 12, opening the door wider for wheat to become fodder for livestock and poultry. Soft red winter wheat futures briefly traded below prices for corn at the Chicago Board of Trade, the pinnacle of corn’s climb to record highs


Summerfallow Acres Expected To Shrink

Canola futures on the ICE Futures Canada trading platform regained ground during the holiday-shortened week ending April 21. Much of the upturn in values reflected the advances experienced by CBOT (Chicago Board of Trade) soybean and soyoil prices. Concerns about the weather in Western Canada and its impact on seeding operations also influenced some of

$7 Corn Makes Chicken Producer Pinch Pennies

High-speed dryers will replace paper towels in company washrooms at Pilgrim’s Pride Corp. as the chicken producer looks to save money as the price of feed corn rises. Rival Tyson Foods Inc. is replacing freezers with more efficient models, streamlining production, and reducing product movement between plants to help offset feed costs. U.S. chickens consume


Economic Uncertainty Sends Speculators Packing

Canola futures on the ICE Futures Canada trading platform suffered a major price setback during the week ended March 11, with much of the downward price slide associated with the unloading of positions by speculative accounts. None of the liquidation orders were based on fundamentals; rather, individuals were unnerved by ongoing tensions in the Middle

Prediction Of Record Canola Acres Meets Resistance

Canola futures on the ICE Futures Canada trading platform experienced a bit of a roller-coaster ride during the week ended March 5, as values pushed down one day and then moved up the next. On the week, canola values pushed upward thanks to steady domestic crusher demand, the surfacing of some fresh export demand and


Analyst Says Demand To Keep U.S. Wheat Prices High

U.S. wheat prices will stay at historically high levels this year given strong global food demand but they will not top the record highs seen in 2008, a top commodities market analyst said Feb. 9. “The trend is clearly up. I don’t think under any circumstance are we going to see anything close to what

Grain Trade Veterans Flummoxed By Market Reaction

It was supposed to have been a benign U.S. government report, a highly provisional glimpse at this year’s crops – something expert grain traders would take note of before going about their business. Instead, the U.S. Department of Agriculture’s first look at crop production in the United States this year released on Feb. 14 –


Canola Futures Slip Despite Industry’s Efforts

Canola futures on the ICE Futures Canada trading platform experienced a setback during the week ended Feb. 11 as the taking of profits and overbought market conditions encouraged selling. The price setback seen in Chicago Board of Trade (CBOT) soybean and soyoil futures also sparked some of the downward price action seen in canola. Support

StatsCan Canola Data Shows Less Supply, More Demand

Canola futures on the ICE Futures Canada trading platform posted some significant advances during the week ended Feb. 4, with new contract highs established in a number of months. Strong domestic processor demand for canola, along with continued strong export interest, helped to stimulate some of the strength. Adding to the upward price momentum were