Will Farmers’ Actions Improve The Ethanol Energy Balance?

Several years ago, there was substantial debate on whether corn ethanol produced more net energy relative to the amount of fossil energy required to manufacture it. This ratio, the amount of energy produced divided by fossil energy input needed, often is referred to as ethanol’s energy balance. For years, scientists argued whether the ratio exceeded

New USDA Numbers Surprise Markets

For three-times-daily market reports from Resource News International, visit “ICE Futures Canada updates” at www.manitobacooperator.ca. Canola futures on the ICE Futures Canada trading platform continued to trek higher during the week ended July 2. Steady domestic crusher demand, combined with weather worries across the Canadian Prairies, helped to stimulate the price advances. The continued refusal


Monsanto Soybean Seed Pricing Under Scrutiny

“My office is concerned that West Virginia farmers are paying much higher prices for soybeans with the Roundup Ready 2 trait when the yields do not live up to the claims and do not justify the increased prices.” – WEST VIRGINIA ATTORNEY GENERAL DARRELL MCGRAW JR. West Virginia officials have notified global seed giant Monsanto

StatsCan Acreage Data Released, Ignored

For three-times-daily market reports from Resource News International, visit “ICE Futures Canada updates” at www.manitobacooperator.ca. Canola futures on the ICE Futures Canada trading platform closed the week ended June 25 with advances. The nearby July contract managed to post the best advances in response to the buying back of previously sold positions. The rolling out


U. S. Court Relaxes Limits On Roundup Ready Alfalfa

“We’re waiting to hear what they’re going to decide.” – TRISH JORDAN, MONSANTO CANADA Both sides are claiming victory after the U. S. Supreme Court last week overturned a lower court ruling which imposed a ban on Roundup Ready alfalfa. The court ruled a district court judge in San Francisco overstepped his authority in preventing

Unseeded Acres Arrive In Markets

For three-times-daily market reports from Resource News International, visit “ICE Futures Canada updates” at www.manitobacooperator.ca. Mounting weather concerns across Western Canada finally made their way into the canola market during the week ended June 11, causing the futures to rally sharply higher on ideas that large areas will be left unseeded this year due to


Meat Price Surge Not Expected In Canada

“There’s definitely a stall on here.” – PERRY MOHR Canada is unlikely to see a surge in meat prices this summer, unlike the United States, where pork and beef prices soared earlier this spring. The wholesale price of pork in the U. S. increased as much as 25 per cent in April, while beef rose

In Brief… – for Jun. 10, 2010

Dow gets access to Roundup: Monsanto Co. has agreed to license its Roundup Ready 2 Yield herbicide trait to Dow Chemical’s agricultural unit, an agreement that will let Dow boost its presence in the soybean market. Dow AgroSciences will pay Monsanto a royalty for stacking the technology with its seeds. As part of stacking, seed


U. S. Grain Trade Gauging La Niña Risk

Grain traders are concerned that a La Nińa weather event could produce hotter, drier weather in the U. S. Midwest this summer, potentially lowering crop yields. During a La Nińa, a cooling of sea surface temperatures in the equatorial Pacific Ocean alters weather patterns around the globe. Grain traders associate La Nińa with warmer and

U. S. Corn Stocks To Swell, Yield Near Record

U. S. corn stocks will swell to their highest in five years after a racing start to planting boosted chances for a record 2010-11 crop, while soybean ending inventories will nearly double, the U. S. government forecast May 11. Chicago corn prices rose after the U. S. Department of Agriculture’s first projections for this year’s