Corn prices drop 50 per cent, ethanol production still high

For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oilseed futures at ICE Futures Canada win Winnipeg closed the week ended October 31 mixed, with canola down. Canola declined despite the firm tone in the U. S. soy complex. The lack of fresh demand and a

Lower grain prices seen dragging down fertilizers

Prices of fertilizer, which soared to record highs late this summer, are poised to come down to earth in coming months as sharply lower grain prices sour demand from farmers. Meanwhile, tight credit markets and growing fears that a global recession may further dampen demand for commodities could add pressure. “Purchasing and applications will be


IGC crop estimates higher

The Internat ional Grains Council (IGC) has raised its estimate for world wheat production in 2008-09 to 683 million tonnes, up seven million from its forecast issued last month. The IGC put the 2007-08 wheat crop at 610 million tonnes. “Crops in several Northern Hemisphere producers, including the EU, Russia, Ukraine, the U. S. and

World Pasta Day celebrated on October 25

World Pasta Day is celebrated every October 25 in countries around the world. The theme chosen for 2008’s World Pasta day was Pasta and Children: Health for Children Around the Globe. Canada is the No. 1 exporter of durum in the world. In any given year, western Canadian durum enjoys 50 to 60 per cent


“Hand-to-mouth” buying bites into PROs

Offset somewhat by recent declines in both the Canadian dollar and ocean freight rates, uncertainty in markets continues to impact buying behaviour among the Canadian Wheat Board’s customers, the board said. Grain processors have drawn down inventories, delayed capital investments and moved to “hand-to-mouth” purchasing at a time of record world wheat supply, the CWB

Farmers want heavy frost to help dry bumper corn crop

“We’ve harvested lots of corn late in the past. We just haven’t done it in a while. It’ll be a good experience for some of these young guys.” – Shawn McCutcheon Until a few weeks ago Manitoba corn farmers were praying it wouldn’t freeze; now a hard, killing frost is exactly what they want to


CWB and Primo Foods launch national pasta promotion

“We want Canadian consumers to value this wheat as much as our export customers do.” – IAN WHITE, PRESIDENT AND CEO OF THE CANADIAN WHEAT BOARD Television commercials and other promotional messages will soon be telling Canadian consumers pasta is made from Prairiegrown durum wheat. They’re part of a national campaign launched last week between

Grains outlook muted by bearish economy

DON BOUSQUET It’s Your Business For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oilseed futures at ICE Futures Canada in Winnipeg closed the week ended Oct. 17 lower, as steep declines in Chicago futures markets and the continued instability in financial markets pressured prices down.


China shores up falling crop prices

China will purchase grains for reserves at prices above current market levels, set up national soybean reserves and buy grains, rapeseed and cotton, in order to help shore up incomes of farmers whose commodity prices are falling sharply. The moves are in line with a pledge by top policy-makers this month to increase rural incomes.

British wheat prices may not cover costs

Wheat prices in Britain may no longer be high enough to cover even variable costs, particularly on lower-yielding land, Julian Bell, senior rural consultant at the Scottish Agricultural College said Oct. 16. Bell estimated the average variable costs for wheat production in Britain had risen to 90 pounds ($154.9) a tonne for the 2009 harvest,