Crop problems lead to options bets on $7-$8 corn

For the past month, investors who foresee a potential shortfall in U.S. corn production at a time of brisk demand have placed low-risk bets that new-crop prices will surge 25 to 45 per cent by the end of this year. They’re banking on corn to surge back to the $7- or even $8-per-bushel mark after

From hand shelling to seed selling

Ten years ago Linda and Ron Catt came up with an unusual strategy for cutting the cost of feed for their cattle. They went into a corn-breeding partnership with Mother Nature. The husband and wife team knew if their small mixed farm north of Treherne was going to survive, they would need to keep feed


Maize Shortage Looms In South Africa After Country Bumps Up Exports

JOHANNESBURG / REUTERS South Africa will run out of maize as early as next month after the country committed most of its harvest for exports. They (other countries) have also bought an unknown quantity that is in our silos and is still to be exported. This unknown quantity is now causing panic among local buyers,

U.S. Hog, Poultry Firms To Extend Use Of Feed Wheat

chicago/reuters The surprise drop in U.S. corn feed demand this summer may be only the beginning of a yearlong reduction as chicken and hog producers break a long-held aversion to blending more wheat into rations. What initially began as a summer fling sparked by an unprecedented premium for corn prices over wheat has turned into


USDA Faces Industry Grilling On Corn Stocks Data

Grain traders were expected to pepper U.S. Department of Agriculture officials with questions on Monday this week about how they came up with surprising crop data that has prompted wild swings in futures prices. USDA is widely regarded as the world s best source of information on U.S. and global crop supplies. But over the

New Soybeans On Tap For 2012

It wasn t the first day of school, but several dozen soybean and corn producers piled into buses early this September to examine new offerings at Marc Hutlet Seeds Inc. Moving forward in the spring of 2012, our (soybean) lineup will be revamped to include the Y-Series, three to be specific, Y61, Y71 and Y81,


Forty Years Of Corn In Manitoba

These past two have been the most difficult years Miami-area corn grower Alan Kennedy has seen in 60 years of farming. But they’ve also been the most profitable per acre, thanks to a rare combination of weather and strong markets. “This year looks pretty shakey, but two out of three ain’t bad,” Kennedy joked last

Storms Knock Down Wide Swath Of U.S. Corn Acres

CHICAGO/REUTERS Severe thunderstorms that ripped across the U.S. Midwest July 11 may have destroyed up to 550,000 acres of corn, although 100,000 to 275,000 acres was more likely, an agricultural meteorologist said. The U.S. National Weather Service said the storms produced straight-line winds in excess of 70 miles per hour (113 km per hour), with


Subsidies, New Methods Lift Zambian Farm Yields

Peasant farmer Joseph Mhlanga proudly points to the pile of maize or corncobs in his modest house: a good crop for him that is part of Zambia’s bumper harvest this year. “This is my maize from this year. I plan to start shelling it soon,” said Mhlanga, a spry 76-year-old retired schoolteacher who farms a

Global Corn Scenario: U.S. Grows Less, China Eats More

U.S. corn supplies, already stretched thin by relentless feed, fuel and food demand, will grow even tighter in the coming year due to a rain-shortened crop, the government projected June 9. The USDA said rains and floods prevented farmers from planting all the corn they had planned. That means a drop of 300 million bushels