Argentina cuts wheat output view due to floods

Argentina’s government cut this season’s wheat output forecast, citing three months of heavy rains that started in August and flooded key parts of the Pampas Farm Belt, the Agriculture Ministry said Nov. 22. The South American grains powerhouse is seen producing 11.1 million tonnes of wheat in the 2012-13 crop year, down from the government’s



Canola futures see downward price action

Canola futures on the ICE Canada platform experienced some weakness during the week ended November 9 with the bearishly construed USDA supply-demand balance tables for soybeans encouraging some of the downward price action. A larger-than-anticipated U.S. soyoil ending stocks estimate from the USDA added to the bearish sentiment in canola. The unloading of positions by

Drought repercussions will weigh on livestock sector for months to come

Low protein in soymeal and higher toxin levels in distillers grains add new challenges for pig, poultry and cattle feeders


Reuters / The repercussions of this year’s drought across the U.S. Midwest will likely continue to affect the livestock feeding industry for many months to come. Drought not only impacted the quantity of crops produced but also quality, leading to abnormally low protein content in soybeans and higher-than-usual toxin levels in corn that stand to






Monsanto’s dicamba-tolerant soybeans approved

Monsanto Company’s dicamba-tolerant soybean product has received full food, feed and environmental release approval from Health Canada (HC) and the Canadian Food Inspection Agency (CFIA). The approval brings Monsanto Canada one step closer to introducing dicamba tolerance stacked with Monsanto’s existing Genuity(R) Roundup Ready 2 Yield(R) trait technology in soybeans. Plans are to commercially brand


Reconditioning soybeans in storage poses problems

Reconditioning low-moisture soybeans in storage can damage the grain bin, cautions Ken Hellevang, the North Dakota State University Extension Service’s grain-drying expert. Warm, dry fall weather can result in soybeans being harvested well below the market moisture content of 13 per cent. Hellevang says he has heard reports of harvested bean moisture contents as low

Short canola supplies force buyers to be creative

There has been little uptake in new milling wheat, durum and barley contracts, which puts their futures in doubt

Steady demand provided canola futures on the ICE Canada platform with plenty of support during the week ended Oct. 26. Much of the demand was associated with the emergence of fresh Chinese buying interest, with at least three cargoes of Canadian canola purchased by the country. There were hints that additional sales were made, but