Firm Demand, Tight Supply Support Canola

The ICE Futures Canada canola market hit some fresh contract highs during the week ended Dec. 10, but also ran into profit-taking that limited the upside. While market participants were still digesting the larger-than-expected production numbers put out by Statistics Canada on Dec. 3, those supplies are also being met with some pretty solid demand

Drought In U.S. Winter Wheat Fields Worries Experts

U.S. wheat experts are growing increasingly concerned about the new winter wheat crop in parts of top producer Kansas and other Plains states, as persistently dry conditions erode production potential. Drought conditions are plaguing the entire western third of Kansas, which routinely is the top U.S. wheat-growing state, according to the U.S. Drought Monitor, a


Pakistan Lifts Three-Year Ban On Wheat Exports

Pakistan decided on Dec. 7 to allow the private sector to export wheat, lifting a three-year ban after a bumper crop led to a market surplus. Pakistan, Asia’s third-largest wheat producer, in August deferred earlier plans to export two million tonnes of surplus wheat after summer floods washed away at least 725,000 tonnes of the

2010 Was A Good Year On The Bug Front

There were few insect problems in cereal crops in 2010. Armyworms were a concern in some fields. Shipments of larvae of cereal leaf beetle containing the parasitoid Tetrastichus julis (Eulophidae) were released in some fields near Swan River. In canola, cutworms were a problem in some fields. Root maggots and damage to plants was noticed


It’s Your Business

Canola futures on the ICE Canada trading platform posted some modest advances during the week ended Dec. 3, with some of the upward momentum coming from the general strength displayed by the outside oilseed markets. CBOT soybean and soyoil values both posted some significant advances on the week with new contract highs also established in

Weather Curbs High-Protein Wheat Supply

Unusual harvest rains could turn nearly nine-tenths of Australia’s high-protein milling wheat into poorer-quality feed wheat, further strengthening premiums between the two that are already the highest in at least 15 years. The impact will be felt globally, as Australia was expected to produce a bumper crop to offset a supply squeeze in high-quality wheat


Global Acreage Tussle Looms For Top Crops

The U.S. Department of Agr icul ture provided fresh fuel to the already bullish grain and oilseed markets Nov. 9, and all but confirmed that an intense acreage battle among the world’s key food crops looms in 2011. Soybeans have been the chief momentum gainer in the immediate wake of the report after the USDA

Manitoba Produces Record Soybean Crop

Manitoba producers planted a record number of soybean acres in 2010, and the result was a record crop. “The soybean crop seemed to handle the excess moisture as good as any crop did, and the growing conditions were such that it allowed that type of plant to produce well,” said Roger Kissick, a product manager


Drought Spreads Through China

Drought has affected winter wheat crops in 17 per cent of China’s wheat-growing areas in the country’s northern bread basket, and dry weather is forecast to extend until spring next year, the government said. But analysts said it was too early to predict how the overall wheat harvest in May would be affected, since irrigation

In Brief… – for Dec. 2, 2010

Volatile markets: Wheat values generally dropped $1 to $4 per tonne in the November CWB Pool Return Outlook (PRO). The exception is No. 1 CWRS 14.5, No. 1 CWSWS and feed wheat, which have all increased slightly from October. Durum is up between $1 and $6 per tonne. Malting barley is down $7. The board