Wheat Deficit, Corn Surplus Seen In 2011-12

Global wheat production should rebound in 2011- 12 but still fail to match demand, leading to a further drawdown in stocks and rising prices, Societé Generale analyst Emmanuel Jayet said in a report Feb. 7. “The continuing trend of decreasing global stocks, the possible failure of the U.S. harvest, the poor crop prospects of the

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


Fundamentals Still Lean Toward $700-Per-Tonne Canola

Nearby canola futures on the ICE Futures Canada trading platform experienced a minor setback during the week ended Jan. 28 while the more-deferred contracts continued to trek upward. Much of the price weakness in canola was reflective of profit-taking, especially as new highs were established. Declines in Chicago Board of Trade (CBOT) soybean and soyoil

Don’t Cry For Argentina Just Yet

ICE Futures Canada canola contracts climbed to fresh contract highs during the week ended Jan. 14, but ran into speculative profit-taking and farmer hedges to the upside, which tempered the advances. While corrections are to be expected, the general consensus amongst analysts seems to be for more strength in canola heading into spring, especially as


Wheat May Peak Near $11 In 2011 On Weather

U.S. wheat prices will rise above $8.50 a bushel this spring and may approach $11 if adverse weather damages the crop in the United States and other top growing nations, said an analyst who was the second closest in predicting prices in a Reuters poll last year. Worries about snug global supplies of milling wheat

U.S. Ethanol Sector Contemplates Subsidy Cuts

Mark Marquis had planned to double the size of his Illinois ethanol plant in 2011, and was considering expanding a Wisconsin facility his family-run firm bought into last July. But those plans are now on hold, as Marquis and other ethanol producers brace for the possible end of $6 billion a year in U.S. subsidies


In Brief… – for Dec. 9, 2010

Winter wheat breeder heads south:Francois Marais, a visiting scientist at Winnipeg’s federal Cereal Research Centre, has picked up a new post at North Dakota State University’s plant sciences department as a winter wheat breeder and geneticist. Marais, who has a doctorate in cereal technology from NDSU and degrees in genetics from South Africa’s Universiteit Stellenbosch,

Weather Curbs High-Protein Wheat Supply

Unusual harvest rains could turn nearly nine-tenths of Australia’s high-protein milling wheat into poorer-quality feed wheat, further strengthening premiums between the two that are already the highest in at least 15 years. The impact will be felt globally, as Australia was expected to produce a bumper crop to offset a supply squeeze in high-quality wheat


Commodity Price Pressure Made In China

Canola futures on the ICE Futures Canada trading platform suffered some price weakness during the week ended Nov. 19, but were well off the lows established. The continued liquidation of long positions by nervous speculative fund account holders generated the declines. That selling was again inspired by a knee-jerk reaction to news that the Chinese

China’s Tight-Money Policy Drags Down Commodities

Canola futures on the ICE Futures Canada trading platform maintained an upward price trend for much of the week before the Chinese government’s decision to keep a tight monetary policy sent world currencies into a frenzy and sparked a massive speculative sell-off of commodity positions. The speculative liquidation essentially sent CBOT (Chicago Board of Trade)