You ain’t seen nothing yet — analyst predicts $9 corn is on its way

AgResource says stocks are perilously tight 
and if more weather woes hit, 
“we don’t know how high is high”

Reuters – U.S. corn prices could rise to a record $9 a bushel in the next six months as global grain markets continue to feel the effects of severe weather disruptions, says Chicago-based consultancy AgResource Co. The worst drought in half a century in the U.S., the world’s biggest corn grower and exporter, triggered a

China maintains key cereal reserves

The Chinese government will start stockpiling soy and corn from local farmers at higher prices than a year ago, an industry source said Nov. 13, a move set to stabilize domestic prices and support soy imports. China, the world’s top soy buyer, will pay 4,600 yuan ($740) per tonne to soy farmers in four major


Fungus boosts ethanol extraction from cornstalks

Scientists looking for a way to extract the sugars from cornstalks for ethanol production have found an ally in white rot fungus, the American Chemical Society reports in a podcast. Based on a report by Yebo Li, PhD, in ACS’s journal Industrial & Engineering Chemistry Research, researchers found that by treating stover with the white

Post-CWB monopoly system receives record grain volume Q1

Concerns that Canada’s grain pipeline would initially struggle in the wake of ending the Canadian Wheat Board’s monopoly have proven groundless. A record 14 million tonnes of grain were delivered to the Canadian grain-handling system during the first 15 weeks of the crop year, Cargill Canada president Len Penner told the Grain Industry Symposium here


Argentina cuts wheat output view due to floods

Argentina’s government cut this season’s wheat output forecast, citing three months of heavy rains that started in August and flooded key parts of the Pampas Farm Belt, the Agriculture Ministry said Nov. 22. The South American grains powerhouse is seen producing 11.1 million tonnes of wheat in the 2012-13 crop year, down from the government’s

CWB looks to cash market to attract more wheat

Sign-up deadlines for CWB’s pool programs have come and gone, but the company is still looking for more grain. “We’ve been able to get some really good sales for the tonnes that we have now, and movement has been really good,” said Gord Flaten, CWB’s vice-president of grain procurement. “So looking to the rest of





Drought across the globe reducing grain stocks

Reuters / Food prices have eased slightly but this year’s droughts in key producer regions from the Black Sea to the U.S. Corn Belt are keeping cereal stocks at low levels, says a new report from the United Nations’ food agency. “This season’s world cereal supply-and-demand balance is proving much tighter than in 2011-12 with

Why were canola yields down?

Has canola turned into a wimp or were 2012’s lacklustre western Canadian yields due to poor weather, diseases, insects and pushed rotations? The Manitoba Canola Growers Association (MCGA) hopes to find out later this month when it meets with the life science companies that produce new canola cultivars, MCGA director Ernie Sirski told the Keystone