2009 to see strength, acreage the big question

For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oilseed f u ture s at the ICE Canada futures market closed the year with a lightly traded choppy tone as prices generally worked a bit lower. There was little fresh news. Canola climbed almost to $400


China to expand grain reserves

China’s largest soy-producing province, Heilongjiang, has confirmed its part in a central government plan to buy more grains and soybeans for reserves. The scheme is an effort to shore up prices and protect farmers’ incomes, thereby avoiding hardship and unrest among the rural population. Beijing has given approval for the northeastern province to double its

BASF’s Tensile to target wild buckwheat

BASF Canada has picked up registration for a new Group 2 and 4 weed killer to control wild buckwheat, assorted grasses and broadleaf weeds as part of the company’s Clearfield canola system. Tensile will have imazamox and clopyralid as its active ingredients, BASF said. BASF also said the new product offers “excellent rotational freedom,” giving

Russia to pay subsidies to grain exporters

The Russian government will pay subsidies to grain exporters selected on a tender basis in order to guarantee exports of 10 million tonnes in the first half of 2009, the Agriculture Ministry said Dec. 3. “The subsidies will be offered on a tender basis to market players who will buy grain from producers on an


Corn market breaks $3, could fall more

Analysis by Sam Nelson U. S. corn prices fell through the key support level of US$3 per bushel on Dec. 5 for the first time in more than two years, signalling a further weakening could be in store as the contracting global economy hurts demand. The ethanol industry is being tested financially, with crude oil

Seed shortage hits Afghan wheat farmers

“…we’re promoting the use of certified seed, which means we’re only promoting about 12,000 tonnes, which is all there is available in the country.” – LOREN STODDARD, USAID Thousands of tonnes of wheat seed are being distributed across Afghanistan, but this will meet only a quarter of demand so Afghans will rely heavily on imports

Zambia wants to import farmers

Zambia will award farmland to foreign investors in 2009 to improve agricultural production and curb food shortages, the country’s finance minister says. Situmbeko Musokotwane said the mineral-rich country would grant foreign and local investors land in farm blocs for them to grow more white maize for export to countries in southern Africa. Speaking at a


Grain price reality check

Reality is slowly seeping into the psyche of the grain industry. Prices have come down a long way. The unfortunate truth is that they aren’t likely to bounce back any time soon. While unlikely to fall to the bargain basement levels of a few years ago, prices in 2009 are also unlikely to resemble the

Argentina’s farmers renew protest of export taxes

Argentine farmers rallied at demonstrations across the country’s agricultural belt Dec. 10, demanding further cuts in export taxes as global prices plummet for soy and other products. The protest is the latest in a long-running dispute between the centre-left government and farmers angry over a host of issues, including curbs on beef exports, price caps