Trading Refocuses On Market Fundamentals

Canola contracts traded on the ICE Futures Canada plat form chopped around within a narrow range during the week ended March 25, but the bias was to the upside in the end. The market took a much-needed breather after seeing some volatile price swings over the past month. With consolidation the order of the day,

“Great Grain Robbery” Law Reveals Big U.S. Sales

A1973 U.S. law requiring grain traders to promptly report export sales last week shed light on a mammoth corn sale believed to be destined for China. The U.S. Agriculture Department announced last Friday the sale of 1.25 million tonnes of corn worth $350 million to an unknown destination, which traders believe is China. The law


In Brief… – for Mar. 24, 2011

Farmer to Farmer:The Grain Growers of Canada has donated $1,000 to help Japanese farmers cope with the after-effects of the March 11 earthquake and tsunami. “Farmers in Canada have a long history of helping their neighbours in times of trouble and in this case our neighbours are global,” said executive director Richard Phillips, noting Japan

Record-High Food Prices? Or Just Better Than Record Lows?

Reporters and politicians are making frequent references to high food prices – some going so far as to suggest prices are nearing record levels. But for the farmers and peasants who produce the world’s food, prices are nowhere near record highs. In fact, what is currently happening to corn, beans, rice, or wheat prices would



Syngenta To Go Ahead With Ethanol-Specific Corn

Amonth after receivi ng regulatory approva l , Swiss agricultural company Syngenta is starting to sign up U.S. farmers to grow its new biotech corn seed aimed at ethanol production, but expects to enrol fewer than 20,000 acres in a contracted growing arrangement this spring, a top company executive said Mar. 16. Syngenta is meeting


Volunteer Corn Reduces Yield In Corn And Soybean Crops

Ohio’s Purdue University Extension Service reports that volunteer corn is causing major yield reductions to both corn and soybean crops. With 70 per cent of Indiana’s annual corn crop resistant to glyphosate, volunteer corn has become increasingly difficult to control. “We’re rotating Roundup Ready corn with our soybean crop, which is typically 95 per cent

U.S. Makes Biggest Canada Feed Wheat Buy In Decade

Canadian feed wheat is flowing into the southeastern United States in the largest quantities for more than a decade, highlighting tight U.S. corn supplies and a surplus of feed wheat in Canada, several trade sources said March 10. Wilmington Bulk LLC, a consortium of North Carolina poultry and swine producers including Smithfield Foods, has bought


Ag Canada Lower Sending Stocks Forecast

Ending stocks of the major grains and oilseeds in Canada will likely be down from earlier estimates, according to the latest supply-demand tables from Agriculture and Agri-Food Canada’s market analysis division released March 15. Ending stocks of the eight major grains and oilseeds for the 2011-12 crop year are now estimated at 8.860 million tonnes.