China’s Tight-Money Policy Drags Down Commodities

Canola futures on the ICE Futures Canada trading platform maintained an upward price trend for much of the week before the Chinese government’s decision to keep a tight monetary policy sent world currencies into a frenzy and sparked a massive speculative sell-off of commodity positions. The speculative liquidation essentially sent CBOT (Chicago Board of Trade)

Loonie’s Rise Doesn’t Slow Canola’s Climb

Canola futures at ICE Futures Canada were higher during the week ended Nov. 8, continuing the steady climb that’s been in place since the beginning of October, and going back to June in the monthly charts. While underlying concerns about the size of the Canadian canola crop remain supportive overall, the gains this week were


U.S. Soy Farmers Hanging On To Their Crop

Grain companies will have to pay up to get deep-pocketed U.S. farmers to part with soybeans, as about half of the crop remains unsold at a time when soymeal demand rises seasonally and the export program could be extended by planting delays in Brazil. Soybean basis bids – the amount above or below Chicago Board

Food Prices Near 2008 Levels

World food prices have come close to the 2007-08 crisis levels after a spike in October, but global supplies are stronger now and cereal prices remain well below critical levels, the UN’s food agency economist said Nov. 2. The Food and Agriculture Organization’s (FAO) Food Price Index hit the highest level in 27 months in


Canada Said To Have Sold Wheat To South Korea

Canada is believed to have exported feed wheat to South Korea, although confirmation was lacking. It was reported by overseas exporters Oct. 27 that South Korea’s Major Feedmill Group bought a total of 110,000 tonnes of Canadian feed wheat in a tender at $308.25 per tonne, with arrival by Feb. 10, 2010. John Lyons, media

Higher Corn Prices Lead To Fertilizer Price Spike

U. S. fertilizer prices have doubled over the past year, with a quarter of the gains coming in the last three months, signalling that farmers will expand corn planting next spring to capitalize on high prices. Trade sources said increased fertilizer orders by farmers, coupled with corn prices hovering around two-year highs near $6 per


Canada Wheat Board Raises Grain Export Target

Warm, dry late-harvest weather partially salvaged Western Canada’s small, low-quality crops of wheat and barley, raising harvest and export prospects, a top Canadian Wheat Board official said Oct. 29. The board expects to export up to 15.8 million tonnes of wheat and barley in the current 2010-11 crop year, up about five per cent from

FAO Starts Wheat Seed Distribution In Pakistan

The United Nations’ Food and Agriculture Organizat ion has started distributing more than 20,000 tonnes of wheat seeds in Pakistan where floods have threatened a key wheat-planting season, an FAO official said. The food security of tens of millions of Pakistanis is at stake with the current planting season after floods earlier this year destroyed


Canola Trend Seen Continuing Upward

Canola futures on the ICE Futures Canada trading platform continued their upward trek during the week ended Oct. 22. The strength displayed by canola was again linked to Canada’s domestic processing industry who have an aggressive crush program in place. Favourable crush margins and good canola product sales on the books have resulted in this

Sunflower, Corn Harvest Results Mixed

Manitoba’s sunflower harvest is disappointing in both yield and quality. “It was just too wet,” said Earl Schnellert, of Agri-Tel Grain in Beausejour. He said early-harvested confectionery sunflowers were showing low yields, of between 500 to 1,000 pounds per acre, with very light test weights. Oilseed varieties fared a little better, although the yields were