Saudi Arabia To Privatize Its Flour Mills

Saudi Arabia’s state-run Grain Silos and Flour Mills Organization (GSFMO) said Nov. 9 it would privatize its flour-grinding mills by creating four companies, but will continue to import wheat and sell it to the mills. The top oil exporter has 11 flour mills it hopes to sell to private investor groups but it did not

Grain-Grading Pain

It’s a difficult year to be a grain buyer. Due to bleaching, sprouting, disease and frost, grades are all over the map and a lot of the grading factors are open to human interpretation. The grading standards sound objective. For instance, No. 1 canola may contain up to two per cent distinctly green seeds and


Canada Said To Have Sold Wheat To South Korea

Canada is believed to have exported feed wheat to South Korea, although confirmation was lacking. It was reported by overseas exporters Oct. 27 that South Korea’s Major Feedmill Group bought a total of 110,000 tonnes of Canadian feed wheat in a tender at $308.25 per tonne, with arrival by Feb. 10, 2010. John Lyons, media

Higher Corn Prices Lead To Fertilizer Price Spike

U. S. fertilizer prices have doubled over the past year, with a quarter of the gains coming in the last three months, signalling that farmers will expand corn planting next spring to capitalize on high prices. Trade sources said increased fertilizer orders by farmers, coupled with corn prices hovering around two-year highs near $6 per


Sunflower, Corn Harvest Results Mixed

Manitoba’s sunflower harvest is disappointing in both yield and quality. “It was just too wet,” said Earl Schnellert, of Agri-Tel Grain in Beausejour. He said early-harvested confectionery sunflowers were showing low yields, of between 500 to 1,000 pounds per acre, with very light test weights. Oilseed varieties fared a little better, although the yields were

Aeration Key To Storing 16 To 20 Per Cent Moisture Corn

Corn harvested at moisture contents up to 20 per cent can be stored safely during the winter with aeration, North Dakota State University’s grain-drying expert says. Corn at 20 per cent moisture has an allowable storage time of about 25 days at 15.5 C, 50 days at 10 C, 90 days at 4.4 C and


Wheat Prices Seen Rising Further As Fall Seedings Decline

Canola futures on the ICE Futures Canada trading platform strengthened during the week ended Oct. 15, with much of the upward price momentum encouraged by the gains experienced by CBOT (Chicago Board of Trade) soybean futures as well as by the aggressive demand from the Canadian canola-processing industry. Fresh speculative demand surfaced during the week,

Deadline Extended For Harvest Samples

Due to this year’s delayed harvest, the Canadian Grain Commission is extending its deadline for the Harvest Sample Program to Dec. 1, from Nov. 1. “This year, the weather was a challenge for producers across Canada. An extra four weeks gives producers time to send their samples and get a free grade despite a late


Russia Grain Crop Down 33.2 Per Cent

MOSCOW/REUTERS Drought-devastated Russia harvested 60.96 million tonnes of grain by bunker weight as of Oct. 5, down 33.2 per cent from a year ago, according to Agriculture Ministry data seen by Reuters Oct. 11. Russia’s worst drought in more than a century sparked a rally in global grain markets, pushing wheat prices to their highest

Farmer Hedges Follow Canola Upward

The roller-coaster ICE Futures Canada canola market climbed to some very high levels during the week ended Oct. 8, hitting the elusive $500-per-tonne level for the first time in many months at one point Friday before backing away as harvest pressure and profit-taking came forward. The gains were largely a knee-jerk speculative reaction to some