Seeing The Future

“I subscribe to the view that we’ll see more shortages and better prices more often in the years to come.” To which view of the future of the grain business do you subscribe? View No. 1: the growing world population and increasing prosperity will lead to a long-term uptrend in agricultural prices. View No. 2:

Soybean Acreage Weighs On Meal Prices

Wh e n one studies many weekly bar charts, it becomes evident that prices over a period of several months are typically moving up or down. This direction is the long term or major trend of the market. Within the major trend there are a series of fluctuating price movements that can be of several


ICE Canada To List New Western Barley Futures Contract

ICE Futures Canada has received approval to list a new Western barley futures contract, a notice to market participants from the exchange said. The current Western barley futures contract months from March 2010 onward are to be delisted immediately. July ’09, October ’09, and December ’09 contracts will remain listed, ICE Futures Canada said. The

NFU Seeks Excise Tax Rebate On Retail Fuel

The National Farmers Union says farmers should be able to buy their excise tax-free diesel at retail pumps and receive an 11.5-cent-per-litre rebate later. The NFU made the request in a letter to Agriculture Minister Rosann Wowchuk. Wowchuk was hesitant to comment on the request last week having not yet received the letter. “But the


Russian President Endorses State Grain Trader

Russia’s President Dmitry Medvedev has signed a decree endorsing the establishment of United Grain Company, a wholly state-owned grain trader, the Kremlin said March 23. The new company is being created to raise domestic grain purchases and sales and export volumes, as well as to upgrade and build elevators and port terminals, the decree published

Time For A Wheat Reserve

And Joseph went out from the presence of Pharaoh, and went throughout all the land of Egypt. And in the seven plenteous years the earth brought forth by handfuls. And he gathered up all the food of the seven years, which were in the land of Egypt, and laid up the food in the cities:


Diesel Price May Drop Below Gasoline

“Refiners are producing a lot more of this stuff.” TIM EVANS, CITI FUTURES PERSPECTIVE Diesel prices in many parts of the world should drop below gasoline this summer for the first time since mid-2007 as refinery projects lift output and slumping economies slash transport and manufacturing demand. The expected shift would restore the typical balance

Canola’s upward advance stalls at resistance

David Drozd Resistance is a term used to describe a price level where the selling of futures contracts is expected to halt the current upward move in market price. On the daily charts, these areas will appear as well-defined price ranges within which the market previously traded essentially sideways (A), prior to making a decisive


Russia combines assets to great new grain player

The Russian government has sent a draft decree on creating a grain-trading company on the basis of state-owned assets to President Dmitry Medvedev for signing, powerful grain industry lobby said Jan. 12. “Once the decree is signed it will take one month or one month and a half to effectively transfer the assets,” Arkady Zlochevsky,

Better hog prices seen in 2009

“Depending on where U. S. domestic pork supplies end up, hog prices should increase in the first half of 2009.” – Brad Marceniuk, Saskatchewan Agriculture Canada’s hog producers should see better prices in 2009 than in 2008, according to projections made by livestock specialists. A favourable price outlook for U. S. hog values and a