Market Trends Suggest Higher Prices In Store

Market fundamentals are expected to trump global political uncertainty as the Canadian Wheat Board raises its 2010-11 pool return outlook (PRO) values for wheat by as much as $13 per tonne. The board’s latest PROs see durum values up $1-$5 per tonne from its January PRO levels, while Pool B feed barley values are up

Sky-High Crop Acreage Targets Likely A Pipe Dream

The U.S. Department of Agriculture reiterated its projections for record-high combined plantings of corn, cotton and soybeans this spring at its annual Outlook Forum, dealing a fresh blow to crop prices by standing by its projections for potentially record-high crop production in 2011. But while record U.S. crop-planting estimates are all well and good on


Canadian Wheat Board CEO Sees Shift In Food Pricing

Farmers in Canada, the world’s third-largest wheat exporter, are set to sow many of the millions of acres left fallow last year, even as volatile crop prices underscore a new economic reality for grain markets. After a week in which disconnected political upheaval in Libya triggered the biggest price collapse in months, the chief executive

Middle East Pushes Durum Higher

Nat ions in the Middle East and North Africa have long been the leaders in importing durum wheat, and despite the political unrest in the region, imports have not slowed down. Bruce Burnett, director of market analysis with the Canadian Wheat Board in Winnipeg, said the upheaval has caused some nations to bulk up on


In Brief… – for Feb. 24, 2011

Correction:The building on the Reimer farm now housing Manitoba’s new model fish operation near Warren was in the past occasionally used for chicken rearing, but was most recently used to store farm machinery. A story in our Feb. 17 issue identified the facility as a former chicken barn. – Staff Food rights:India continues to face

Profit-Taking Hammers Canola

ICE Futures Canada canola contracts saw a roller-coaster of a week during the period ended Feb. 18, as the bottom finally fell out of the market and participants took profits after the steady rise over the past few months. However, after four straight days of large declines, values stabilized for a day, bounced higher and


Grain Trade Veterans Flummoxed By Market Reaction

It was supposed to have been a benign U.S. government report, a highly provisional glimpse at this year’s crops – something expert grain traders would take note of before going about their business. Instead, the U.S. Department of Agriculture’s first look at crop production in the United States this year released on Feb. 14 –

High Grain Prices Won’t Last Forever

High grain prices make farmers happy, but they make market analyst Chuck Penner nervous. It’s not that Penner, with LeftField Commodity Research, doesn’t like high prices. His apprehension comes from knowing sometime those prices will fall. When prices last spiked in 2007-08 at close to these levels, they went a bit higher and then fell


Mexico Corn Crop Hit By Frost

State agriculture officials said early estimates show 100 per cent of Sinaloa’s five-million- tonne corn crop was damaged by recent frosts, representing 20 per cent of Mexico’s national harvest. The federal Agriculture Ministry said it was still evaluating damages and it is too early to give an exact forecast of losses. An emergency replanting program

Canola Futures Slip Despite Industry’s Efforts

Canola futures on the ICE Futures Canada trading platform experienced a setback during the week ended Feb. 11 as the taking of profits and overbought market conditions encouraged selling. The price setback seen in Chicago Board of Trade (CBOT) soybean and soyoil futures also sparked some of the downward price action seen in canola. Support