Crop Report – for Oct. 23, 2008

Report for Oct. 20, 2008 Southwest Average yields and grades are as follows: Wheat yielded 40 to 50 bu/ac; 75% graded 2CW. Barley yielded 75-90 bu/ac; about 20% is malt quality. Oats averaged 90-100 bu/ ac and all grading 2 or 3CW. Canola averaged 40-45 bu/ac grades of #1CAN. Flax averaged 25-30 bu/ac and #1CAN.



Oilseed outlooks ratchet down

DON BOUSQUET It’s Your Business 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 Oct. 9 mixed, as markets continued to react to global financial instability. Canola edged higher, ignoring weakness in the Chicago

Prices plunge for big U. S. corn, soy crops

U. S. farmers will reap two of their largest corn and soybean crops ever – 12.200 billion bushels of corn and 2.983 billion bushels of soybeans – but face sharply lower prices at the farm gate, the government said Oct. 10. The Agriculture Department cut its estimate of the season-average price for this year’s soybean


How low can U. S. grains go?

“We are seeing a lot of wealth destruction and demand destruction. I don’t think that is going to heal itself overnight.” – U. S. Grains Analyst Jim Bower The sell-off in grains as part of a broader flight of investment money from commodities could continue through year’s end due to the expanding credit crisis, with

Black Sea grain exports to nearly double

Combined grain exports from Ukraine, Russia and Kazakhstan in 2008-09 are likely to nearly double to 46.4 million tonnes from 24.7 million in 2007-08, a leading analyst said Oct. 2. Anastasia Ivasenko from APK-Inform consultancy told an international grain conference that wheat sales alone from the three biggest Black Sea region exporters would total 33.2