Canada Crop Stockpiles Shrink After Smaller Crops

Stockpiles of wheat and canola in Canada, a leading exporter, shrank slightly more than expected at Dec. 31 from a year earlier due to smaller crops, Statistics Canada said Feb. 4, underscoring tight global supplies that have pushed up food prices and sparked protests. Stocks of all wheat in grain bins and country elevators were

Food Costs At Records, UN Warns Of Volatile Era

Record-high global food prices showed no sign of relenting following a rash of catastrophic weather, highlighted by a major U.S. snowstorm and a cyclone in Australia, which could put yet more pressure on prices and spark further unrest around the world. The closely watched UN Food and Agriculture Organization Food Price Index touched its highest


Wheat Growing Makes Comeback In Minnesota

Fields of barley, oats, rye, triticale, and winter and spring wheat could be seen from Rochester to Grand Forks until the early 1990s, when they all but disappeared from southern and central Minnesota. What once was old is new again. In the past six to seven years, the University of Minnesota has heard an increasing

Fundamentals Still Lean Toward $700-Per-Tonne Canola

Nearby canola futures on the ICE Futures Canada trading platform experienced a minor setback during the week ended Jan. 28 while the more-deferred contracts continued to trek upward. Much of the price weakness in canola was reflective of profit-taking, especially as new highs were established. Declines in Chicago Board of Trade (CBOT) soybean and soyoil


Record Canola Plantings Predicted

Canola and all wheat will closely contest Canada’s spr ing acreage battle as farmers look to cash in on the highest prices in more than 2.5 years, Agriculture Canada’s first planting forecast of 2011 shows. Canola has consistently provided high returns to farmers, and Canada’s Agriculture Department sees them planting a record-large area after flooding

Price Outlook Good — But Jumpy

It doesn’t seem to matter whether analysts are studying the market fundamentals, technical charts or the stars these days, they all agree on one thing. Prices are strong and there is plenty of potential for them to get stronger. But there was a caveat attached to the bullish outlook analysts dangled tantalizingly in front of


Canadian Canola Stocks Seen Tightening

Canola contracts traded on the ICE Futures Canada platform hit fresh contract highs yet again during the week ended Jan. 21, as the underlying technicals and fundamentals continue to point higher. It’s the same old story in canola as it’s been for the past couple of months. End-user demand is strong, supplies are tightening and

Analyst Says Fertilizer Prices Have Likely Peaked

Rising grain and commodity prices are boosting fertilizer demand. “With prices for corn, soybeans, wheat, and canola all going higher, guys have been more apt to buy fertilizer, and we should see more of it on the land this year,” said David Asbridge, president and senior economist with NPK Fertilizer Advisory Service in St. Louis.


Ethanol Production Boosts Demand For Corn

The USDA released a report Jan. 12 stating that corn crops will be the tightest than ever before, Mike Krueger, host of the “Money Farm” told farmers attending the 2011 Ag Days. “The single biggest thing that has changed the corn market worldwide and certainly our market is ethanol,” said Krueger. Ethanol production has increased

Grain Rally Less Speculative Than In 2008: Ritz

The recent rally in grain and oilseed prices is based more on concerns about crop levels than on speculation by investors, Canada’s agriculture minister said Jan. 17. Prices of crops such as wheat, corn, soybeans and canola are at their highest levels in more than 2-1/2 years amid flooding in Australia and dryness in Argentina.