IGC sees record maize crop in 2012-13

Global maize production is projected to rise to a record 900 million tonnes in 2012-13, outstripping demand for the first time since the 2008-09 season, the International Grains Council said April 2. The IGC, in a monthly report, also cut its forecast for the global maize stocks at the end of the 2011-12 season following



Briefs March 29, 2012

Indonesian consumers shun rice in favour of noodles jakarta / reuters / Rising incomes are prompting Asian consumers to switch to noodles and away from rice. It’s expected wheat demand in Indonesia, already Asia’s top wheat importer, will rise by at least five per cent a year over the next decade. The country imported six



IGC sees global maize deficit

Reuters / World maize production should climb in 2012-13 but is likely to remain below consumption as demand for meat boosts feed use, International Grains Council senior economist Amy Reynolds said March 14. Reynolds, in a presentation at the Agra Europe outlook conference, put the 2012-13 global maize crop at 880 million tonnes, up from

Too soon to give up on winter wheat

The Prairie winter wheat crop may have been left looking a bit worse for wear due to unusually low snowfall cover, but there’s still life lurking below those browned-off stalks. That’s because it takes more than just a tap on the head to kill winter wheat, said Outlook, Sask.-area farmer Dale Hicks, who is also


Rising canola futures find point of resistance

Canola futures on the ICE Futures Canada trading platform moved higher during the week ended March 16. Concerns about the record pace of usage and the resulting depletion of old-crop canola stocks stimulated some of the upward price action. Chart-related speculative fund buying interest also contributed to the price advances. Much of that buying was

Latest Ag Canada forecast ups 2012-13 grain and oilseed production

Agriculture and Agri-Food Canada has slightly increased its production estimates for the major grains and oilseeds for the upcoming crop year, which starts in August. The latest estimates from its market analysis division pegs total production at 70.320 million tonnes, up slightly from its February forecast of 70.120 million tonnes and 2011-12 production of 65.856