Staple foods Archives - Page 25 of 91

Europe lifts import duties on feed grains in bid to reduce price pressure

December 1, 2012

reuters / The European Union’s cereals management committee has extended the suspension of import duties for quotas of feed wheat and barley until June. This summer, high grain prices prompted the EU to temporarily lift import duties of 12 euros per tonne for low- and medium-quality wheat and 16 euros a tonne for feed barley.

Cereals, Crops, Grain Markets, News

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

By Gus Trompiz December 1, 2012

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

Cereals, Crops, News

Canada’s grain system world’s best

By Allan Dawson November 30, 2012

For years Canada’s grain industry engaged in self-flagellation, condemning the grain-handling and transportation system as inefficient. Not anymore. “We have arguably the world’s most efficient handling network,” Don Solman, Richardson’s vice-president of finance and chief financial officer told the Grain Industry Symposium Nov. 21. “Back in the 1990s, basically the network was rebuilt with large

Cereals, Crops, Grain Markets, Oilseeds, Weather

Argentina cuts wheat output view due to floods

By Maximilian Heath, Maximiliano Rizzi December 1, 2012

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

Cereals, Crops, News

Costly U.S. wheat has livestock producers seeking other feeds

By Mark Weinraub November 29, 2012

Reuters / U.S. livestock producers are trying to cut the amount of wheat they plan to use in their feed rations as prices have rallied to their highest level against corn in 21 months. But supplies of feed substitutes are scarce, analysts said. “We do not have a lot of corn out here to compensate for

Cereals, Crops, Grain Markets, Oilseeds

Chicago’s soybean complex pulls canola downward

By Dwayne Klassen November 29, 2012

Canola futures on the ICE Futures Canada platform suffered some major downward price action during the week ended Nov. 16, with the sharp losses in the CBOT (Chicago Board of Trade) soybean complex and favourable weather for the planting and development of soybean crops in Brazil and Argentina tied to the declines. The unloading of

Cereals, News

Drought across the globe reducing grain stocks

By James Mackenzie November 29, 2012

Reuters / Food prices have eased slightly but this year’s droughts in key producer regions from the Black Sea to the U.S. Corn Belt are keeping cereal stocks at low levels, says a new report from the United Nations’ food agency. “This season’s world cereal supply-and-demand balance is proving much tighter than in 2011-12 with

Cereals, Crops, Grain Markets, News

Italy to launch durum wheat futures contract

By Catherine Horn November 29, 2012

Reuters / Borsa Italiana is set to launch Europe’s first futures market for durum wheat in November to cater to demand from the continent’s Italian-led pasta makers, but building sufficient trading volumes will be a challenge, traders say. Grain futures generally take a long time to attract a large trading base, and the minimal volumes

Cereals, Crops, International news, News

China’s corn revolution promises great leap forward in yields

By Naveen Thukral, Niu Shuping November 22, 2012

Reuters / China’s farmers are using higher-yielding seeds and embracing modern technology in a shift that makes it less likely China will be a long-term major corn importer. Record Chinese imports of 5.5 million tonnes in 2011-12 helped drive up benchmark Chicago corn prices to $8 a bushel earlier this year — more than double

Cereals, Crops, Grain Markets, News, Oilseeds

Canola futures see downward price action

By Dwayne Klassen November 21, 2012

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

Daily Network News

U.S. livestock: Cattle, hog futures rise on first WASDE since September

U.S. export sales include only small soybean business to China

U.S. corn and soybean yields revised down by USDA

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