U.S. Crop Boom Not Enough To Rebuild Supply

Huge U.S. corn and soybean plantings this spring will likely fail to refill razor-thin stocks enough to quell the surge in grain prices, the U.S. Agriculture Department said Feb. 24. In updated forecasts for the world’s biggest crop exporter, the USDA warned that it could take several years to restore inventories to comfortable levels. It

The Leadership Gap

The Manitoba Canola Growers Association president has a new crop he wants to see researched and developed with some of the $2.4 million it collected through farmer checkoffs last year. No, not a new type of canola. Young leaders. The association has just recently completed an extensive review and rewrite of its bylaws. There is


Prediction Of Record Canola Acres Meets Resistance

Canola futures on the ICE Futures Canada trading platform experienced a bit of a roller-coaster ride during the week ended March 5, as values pushed down one day and then moved up the next. On the week, canola values pushed upward thanks to steady domestic crusher demand, the surfacing of some fresh export demand and

Research And Development Seen As Key To Solving World Food Crisis

World agriculture needs a major research and development initiative to reverse declining crop production and avoid a global food crisis, says an international food policy expert. Agricultural output has slowed in the last 20 years – an alarming trend, given a growing world population and recent riots in various countries sparked by rising food prices,


Next Year’s Prices Bode Well For “Next Year Country”

The Canadian Wheat Board is predicting generally higher wheat and durum prices for the upcoming crop year, the result of a tighter global supply- and-demand balance. Pool return outlook (PRO) prices for most wheat classes are up from the previous year’s PROs, according to the CWB’s first pool return outlook for 2011-12 released Feb. 28

Pickled Stover Works For Cattle Feed

New research has shown that a substantial portion of the grain in cattle feed can be effectively replaced with corn stover – the plant’s stalks, cobs and leaves – when these harvest residues are treated with a common food ingredient known as hydrated lime, or pickling lime. The alternative feeding strategy, which could improve feeders’


Argentina Dissolves Agricultural Export Regulator

Argentina has dissolved the agricultural trade agency ONCCA responsible for the country’s corn and wheat export limits, and the government said it will still seek to guarantee domestic supply of grains. It was unclear what the move would mean for Argentina’s heavily regulated export policies, which have angered farmers for years. President Cristina Fernandez’s government

In Brief… – for Mar. 3, 2011

New president:William Hill has been appointed president of the Flax Council of Canada, replacing Barry Hall, who is retiring. Hill has 30 years experience in the Canadian grain and agricultural futures industry, including 13 years at the senior management level. Most recently he was president and COO of ICE Futures Canada (previously Winnipeg Commodity Exchange).


It’s Different This Time — Just Like The Other Times?

As we write this column, March 2011 corn futures closed at $6.87/bu., wheat at $8.53/bu., soybeans at $14.33/ bu., rice at $15.80/cwt, and cotton at $1.67/lb. We are seeing a second wave of a general price increase for commodities that began in late 2006 and saw its first peak in 2008, followed by a retrenchment.

Cellulosic Ethanol Another Income Stream For Corn Farmers

Cellulosic ethanol production using corn stover as the feedstock is going commercial, but over the short term it won’t make any more grain corn available for human or livestock use, according to Kyle Althoff. It will however, provide additional returns to farmers in the form of stover payments and potential agronomic benefits. “We don’t see