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Tag Archives Food and drink

Cereals, Crops, Oilseeds

Bunge Sees Record Canada Canola Area

Canadian farmers look to plant a record canola area of 19.5 million acres (7.9 million hectares) or more this spring, driven by expanding crush capacity and strong global demand, an official with Bunge Ltd. said on Feb. 28. The biggest wild card is high potential for serious spring flooding that could take much land out
Cereals, Crops

Elite Barley Producers Share Ideas

The “Elite Barley, Canadian Malting Barley Grower Recognition Program,” recently named the 10 farmers selected by industry as top producers for the year. The goal of the program is to promote grower best management practices for malting barley, and showcase the value that malt and malt barley bring to western Canadian agriculture and the Canadian
Crops

Rising Food Costs Could Force Eatery Overhaul

Record-high food prices could be the tipping point this year for U.S. restaurants already struggling with high debt loads and tightfisted consumers. The economic downturn and drop in consumer spending has sent a handful of restaurant chains – such as Uno Chicago Grill pizza, Fuddruckers and Charlie Brown’s Steakhouse – into bankruptcy court during the
Cereals, Crops

Some CGC Fees Proposed To Increase More Than 400 Per Cent

Farmers and grain companies could suffer sticker shock when they see the new fees the Canadian Grain Commission (CGC) is proposing. For example, the CGC is proposing a fivefold increase for inward grain inspection. If endorsed, the CGC will charge $107.50 a car to grade wheat as it enters a terminal elevator instead of the
Cereals, Crops

Market Trends Suggest Higher Prices In Store

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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
Crops

Monsanto GM Sugar Beets Can Stay In The Ground

In a partial win for global biotech seed maker Monsanto Co. , a U.S. Appeals Court has reversed a lower court’s order that called for the destruction of young genetically modified sugar beet plants, according to a ruling released Feb. 25. The 9th U.S. Circuit Court of Appeals found permits issued by the U.S. Department
Cereals, Crops

How Much Wheat Have You Priced?

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Delivering wheat to the Canadian Wheat Board (CWB) isn’t the same as pricing it, even if the wheat is just going into the pool. And until grain is priced its value can go up or down. That’s why about a year ago the CWB introduced a price calculator farmers can access on the CWB’s website
Cereals, Crops

Sky-High Crop Acreage Targets Likely A Pipe Dream

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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
Cereals, Crops

Canadian Wheat Board CEO Sees Shift In Food Pricing

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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
Cereals, Crops

Middle East Pushes Durum Higher

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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

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