Chicago Board of Trade Archives - Page 30 of 34

Oil Spill Helps Biofuel Image

By Christine Stebbins June 17, 2010

Renewable fuels like corn-based ethanol will get a boost as the massive oil spill in the Gulf of Mexico feeds worries by Americans about long-term dependence on oil, a top U. S. private agricultural economist said on June 8. “The spill has heightened the concern about our dependence on fossil fuels so that quite naturally

Grain Markets, Oilseeds

U. S. Grain Trade Gauging La Niña Risk

By Julie Ingwersen June 3, 2010

Grain traders are concerned that a La Nińa weather event could produce hotter, drier weather in the U. S. Midwest this summer, potentially lowering crop yields. During a La Nińa, a cooling of sea surface temperatures in the equatorial Pacific Ocean alters weather patterns around the globe. Grain traders associate La Nińa with warmer and

Cereals, Grain Markets, Oilseeds

EU Uncertainty, Weather Fog Up Crystal Ball

By Phil Franz-Warkentin May 27, 2010

For three-times-daily market reports from Resource News International, visit “ICE Futures Canada updates” at www.manitobacooperator.ca. ICE Futures Canada canola futures experienced some choppy trade during the week ended May 21. Large movements in the outside financial markets, together with improving crop conditions across Western Canada, had sent values to fresh contract lows at one point

Cereals, Grain Markets, Oilseeds

Western Barley Interest Dwindling

By Phil Franz-Warkentin March 18, 2010

For three-times-daily market reports from Resource News International, visit “ICE Futures Canada updates” at www.manitobacooperator.ca ICE Futures Canada canola contracts moved lower during the week ended March 12, with some of the contracts hitting fresh contract lows. While there were some attempts at short-covering rallies, the bearish influences were much more persuasive. Spillover selling from

Cereals, Crops

Russia Plans To Expand Wheat Exports

By Naveen Thukral March 18, 2010

“We will be selling Russian wheat directly to flour mills in Asia and we are not going to go through third-party trading companies.” Russian wheat exports to Asia are likely to jump sixfold, to around three million tonnes by 2011, as the country mounts its first aggressive marketing campaign to sell grain in the region,

News

Snowmelt May Delay U. S. Spring Corn, Soy Seeding

By Meredith Davis March 11, 2010

Near-record amounts of snow dumped across the United States over the winter could delay seeding of the corn and soybean crops in the Midwest grain belt when the melt begins this spring. Any planting delay could set the tone for volatile trading at the Chicago Board of Trade, which got a foretaste on Monday when

News

Two-Tiered Pricing Seen As U. S. Corn Spoils In Bins

By Michael Hirtzer March 11, 2010

A two-tiered market for corn is developing across the U. S. Midwest as processors and ethanol plants boost bids for high-quality supplies and penalize farmers for delivering subpar grain. The pricing dynamic is expected to become more pronounced as a portion of a record 13.2-billion-bushel crop remains in storage while warmer weather in the coming

Cereals, Crops

Canada, World To Grow Less Wheat

By Rod Nickel February 25, 2010

Canadian farmers will produce nine per cent less wheat this year as big global supplies and lower prices cause the world’s top exporter of spring wheat and durum to look to other crops, the Canadian Wheat Board said Feb. 22. Canada will reap a crop of 24 million tonnes of all wheat in 2010 compared

Crops, Oilseeds

Cheaper Fertilizer Spells Relief For U. S. Farmers

By Michael Hirtzer February 18, 2010

U. S. farmers who have faced lower selling prices for corn and soybeans this year should see some relief when they plant crops this spring as fertilizer prices have fallen as much as 60 per cent from the record highs of October 2008. Nitrogen, phosphate and potash – the three essential crop nutrients – have

Dairy cattle, Livestock, News, Oilseeds

U. S. Farmers Feeling Financial Squeeze

By Michael Hirtzer February 4, 2010

Lending by commercial banks may be less than desired, but farm banks are continuing to finance the sector even though some borrowers are not doing so well, an executive of a major U. S. agricultural bank said. Samuel Miller, senior vicepresident of agribusiness and food banking at Milwaukeebased M&I Bank, the seventh-largest U. S. farm

Daily Network News

Russia targets seeds market as traditional export customers boost grains production

China buys more Canadian canola

Klassen: Western Canadian calf prices ratchet higher

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