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Higher yields mitigate ethanol land grab

Higher corn yields and more efficient ethanol plants will reduce the amount of U. S. land needed to supply the burgeoning fuel ethanol industry, a trade group report said Nov. 12. A study commissioned by the Renewable Fuels Association said an additional 6.6 million acres of corn will be needed by 2015 to meet targets
Cereals, Crops, Grain Markets, Oilseeds

Markets still controlled by “outside” forces

For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oilseed futures at ICE Futures Canada in WinnipegWinnipeg closed the week ended Nov. 14 moderately lower as weakness in Chicago soybean and soyoil markets weighed on prices. The continued global financial instability also undermined the markets. Farmer
Cereals, Crops

World wheat crop outlook keeps growing

The world’s wheat production is projected to hit a record 682.4 million tonnes this crop year, up 2.2 million from last month, paced by bumper harvests in Europe and Russia, the U. S Department of Agriculture said Nov. 10. Increases in Europe and Russia for 2008-09 more than offset declines in Argentina, Australia, and China,
Cereals, News, Oilseeds

China sees grains supply tight, little exports

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“China’s grain supply will be in a tightly balanced situation in the long term.” – Zhang Xiaoqiang China’s grains supply will stay tight for the foreseeable future, a top planning official said Nov. 13, with little chance of a return to large-scale shipments despite moves to lift export restrictions. Only “small” amounts of exports may
Cereals, Crops, News, Oilseeds

Lower yields nip U. S. corn, soybean crops

U. S. growers will reap 12.02 billion bushels of corn and 2.921 billion bushels of soybeans this year, the government forecast on Nov. 10, lowering its estimates for both crops slightly due to lower yields in a rain-slowed harvest. “The lateness of this year’s fall row-crop harvest has limited planting opportunities for both Soft Red
Cereals, News, Oilseeds

Global glut of wheat seen pressuring prices

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A global glut of wheat will weigh on wheat and corn prices while tighter stocks of soybeans should provide life to the soybean market, a CME Group panel of grains analysts said Nov. 10. “There is plenty of wheat around. The world estimate is more interesting and it shows ample supplies,” said Jack Scoville, analyst
News, Oilseeds

First Midwest snow complicates remaining harvest

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U. S. Midwest farmers who still have corn in their fields got a grim reminder last week that their harvest window was closing fast as the first snowfall of the season fell on parts of the western corn belt Nov. 7. Storms that dropped one to three inches of snow on parts of Iowa and
Cereals, Crops, News

Europe wheat area to stay high

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European farmers look to have little option but to stick with wheat as they plant crops for harvesting next year with only a marginal decline in area seen despite a sharp drop in prices. Farmers were quick to plant more wheat when prices soared last year, with area in Britain climbing 13 per cent, but
Grain Markets, Oilseeds

“Farmers will be driving Maseratis” and other news

For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oilseed futures at ICE Futures Canada in Winnipeg closed the week ended Nov. 6 higher. Canola prices rallied as farmers virtually turned off the tap and stopped delivering. Traders feel it will take farm gate bids of
News, Oilseeds

World more dependent on Latin American soybeans

The global soybean market will become increasingly dependent on South American supplies in coming months, following a lower-than-expected U. S. soybean crop, Hamburg-based oilseeds analysts Oil World said Nov. 4. The U. S. Department of Agriculture on Oct. 28 reduced its forecast of the U. S. soybean crop by 1.5 per cent in an unprecedented

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