Goldman Sees Scope For Sharp Rise In Soy Prices

Soybean prices could rally sharply over the next year but corn should be capped by the potential for large ethanol demand destruction in the U.S., Goldman Sachs said in a report received Sept. 9. For soybeans, we see an increasing likelihood that prices will rally sharply over the next 12 months given the growing risk


Feast Of Protein In U.S. Spring Wheat Harvest

North Dakota wheat farmer Terry Weckerly applied extra fertilizer to his wheat this summer to coax more protein out of the crop. Flour mills and grain elevators were paying near-record premiums for high-protein wheat and he wanted a slice of it. The fertilizer worked too well. Weckerly and other farmers are harvesting a crop with

New Soybean Variety Promises Earliest Maturity

Pekko, a new soybean from Elite Seeds distributed in Manitoba by BrettYoung, is being touted as the earliest Roundup Ready 2 variety in the world. We re pretty sure it s as early as it gets, Jrme Auclair, a plant breeder with La Coop fdre, which owns Elite Seeds, said during a plot tour here


Crop Report – for Sep. 15, 2011

SOUTHWEST REGION There was little to no rainfall over the past week, which allowed producers to make good harvest progress. Cereal crops are 60 per cent complete with harvest south of Highway 2 more advanced compared to north of the highway. Yields to date are average to below average with average quality. Several producers are

Oilseed Demand Outweighs Harvest Pressure

ICE Futures Canada canola contacts moved higher during the week ended Sept. 1, as production concerns, advances in outside markets, solid end-user demand, and fund buying all provided support. However, the futures did run into some solid resistance to the upside, and profit-taking at the highs served to limit the advances. Harvest operations are moving


Hedge Funds Hit The Fields To Check Out Crops

Except for the spiffy Hunter rainboots that can cost more than $100 a pair, the fund manager was one with the crowd – farmers and industry folk in a muddy cornfield in the heart of U.S. grain country. Hedge fund officials are making their way to fields in the midwestern United States in record numbers

Canola Trade Bullish Despite Big Forecast

Canola futures on the ICE Futures Canada trading platform posted some modest advances during the week ended Aug. 26 despite the fact that a crop production survey from Statistics Canada estimated output of the crop at a record-size level. The government agency’s survey for the period ended July 31 said canola production in Canada during


CWB Raises 2011-12 PROs

The Canadian Wheat Board has increased its projected returns for wheat, durum and barley in its latest Pool Return Outlook (PRO) for the 2011-12 crop year. Wheat values have increased since last month’s PRO by between $12 and $18 per tonne, depending on class, grade and protein level. Durum values have gone up between $6

Crop Report – for Sep. 1, 2011

SOUTHWEST REGION Little to no precipitation fell over the past week. Weather was favourable for harvest operations. Winter wheat and fall rye harvest is 90 per cent complete with yields below average. Most areas are reporting winter wheat yields in the 40 to 50 bushels/acre range with good quality and average protein. Several producers started