Drought projected in parts of the U.S.

Reuters / U.S. farmers will plant crops this spring under the shadow of a persistent drought that grips prime farmland from the Mississippi River to the Rocky Mountains, with grain supplies already tight from drought losses in 2012. In all, 56 per cent of the contiguous United States is under moderate to exceptional drought, twice

Thailand struggles to find storage space for rice

bangkok / reuters Thailand, struggling to find storage for a rice-buying scheme that cost the country its crown as the world’s biggest exporter of the grain, will rent private warehouses to store this month’s harvest, government officials say. February’s harvest will add five million to seven million tonnes to stocks, on top of the 20



Mexican farmers want overhaul of grain-hedging programs

mexico city / reuters With a harvest deadline looming, Mexican grain farmers are calling for an urgent overhaul of two government programs that help small producers buy derivatives contracts to hedge their crops. With corn prices down nearly 15 per cent since August and facing the possibility of an uninsured crop, farmer groups say they



Farmers ante up for proposed producer-owned nitrogen fertilizer plant

Farmers of North America have raised more than $5 million in the past six weeks for a proposed farmer-owned nitrogen fertilizer plant in Western Canada. The sale of more than 5,000 “risk capital units” (worth $1,000 each) shows there is “overwhelming” support for the project, said Bob Friesen, spokesman for the NFA’s Fertilizer Limited Partnership.


Grain Growers funded to promote grain sales

Fifty thousand dollars in federal government money is going to the Grain Growers of Canada to promote Canadian grain, which will include sending farmers on overseas trade missions. It’s part of $208,000 David Anderson, parliamentary secretary for the Canadian Wheat Board, announced here Nov. 21 during the annual Grain Industry Symposium organized by the Canada

China maintains key cereal reserves

The Chinese government will start stockpiling soy and corn from local farmers at higher prices than a year ago, an industry source said Nov. 13, a move set to stabilize domestic prices and support soy imports. China, the world’s top soy buyer, will pay 4,600 yuan ($740) per tonne to soy farmers in four major



You ain’t seen nothing yet — analyst predicts $9 corn is on its way

AgResource says stocks are perilously tight 
and if more weather woes hit, 
“we don’t know how high is high”

Reuters – U.S. corn prices could rise to a record $9 a bushel in the next six months as global grain markets continue to feel the effects of severe weather disruptions, says Chicago-based consultancy AgResource Co. The worst drought in half a century in the U.S., the world’s biggest corn grower and exporter, triggered a