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News, Oilseeds

U.S. Crop Boom Not Enough To Rebuild Supply

Huge U.S. corn and soybean plantings this spring will likely fail to refill razor-thin stocks enough to quell the surge in grain prices, the U.S. Agriculture Department said Feb. 24. In updated forecasts for the world’s biggest crop exporter, the USDA warned that it could take several years to restore inventories to comfortable levels. It
News

Ethanol Key Factor In Corn Price Spike

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Grain and oilseed prices have reached some of their strongest values in years, and a key contributor is demand for corn from U.S. ethanol plants, according to an analyst. Kevin Grier, senior market analyst with the George Morris Centre said the current amount of corn being used by U.S.- based ethanol plants is as high
Beef cattle, Livestock

Americans On Budgets Push Up Price Of “Cheap” Beef

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With more Americans tightening their belts, demand for cheaper cuts of U.S. beef has actually pushed the price of select-grade beef higher than the generally more expensive choice cuts. For the first time in nearly two years, select-grade beef prices are above those for better-quality choice grade, according to U.S. government data. The data showed
Cereals, Livestock, Oilseeds

Grain Trade Veterans Flummoxed By Market Reaction

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It was supposed to have been a benign U.S. government report, a highly provisional glimpse at this year’s crops – something expert grain traders would take note of before going about their business. Instead, the U.S. Department of Agriculture’s first look at crop production in the United States this year released on Feb. 14 –
Cereals, Grain Markets, Oilseeds

Canola Futures Slip Despite Industry’s Efforts

Canola futures on the ICE Futures Canada trading platform experienced a setback during the week ended Feb. 11 as the taking of profits and overbought market conditions encouraged selling. The price setback seen in Chicago Board of Trade (CBOT) soybean and soyoil futures also sparked some of the downward price action seen in canola. Support
News

U.S. Locked Into Ethanol Growth

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The U.S. government has few options to slow down the ethanol boom that has played a big role in drawing down corn supplies to their lowest level in 15 years, a top U.S. Agriculture Department official said Feb. 10. “The fact is the industry has pretty much been built,” USDA chief economist Joe Glauber told
Crops

U.S. Biodiesel On Life Support, But Smiling

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Biodiesel, still a moneylosing proposition in the United States compared to oil-based diesel, is about to have its best year ever thanks to government tax credits and usage mandates. But it will take months for the biodiesel industry to bounce back after being stranded last year, when the government let its six-year subs idy expi
Cereals, Crops

Canada Offers Wheat, Japan Buys As Planned

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Japan bought food wheat from Canada at a regular tender on Feb. 3 and a Canadian Wheat Board memo shows it managed to find scarce high-protein supplies despite a global shortage of top-quality wheat. The wheat board sold Japan’s Ministry of Agriculture 37,110 tonnes of top-grade spring wheat for shipping March 12 to April 11,
Livestock

Bovine Bellies Yield Clues For New Biofuels

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Researchers looking for better ways to make biofuels turned to experts at breaking down grass – cattle – and found more than a dozen new compounds in their guts that might help make new, cheap sources of energy. They used new genetic sequencing techniques to find microbes that make enzymes that in turn can break
News

Report Eyes Reducing River Flows

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Aplan to reduce the flow on the Red River during flood stage is feasible but would come at a huge cost, a yet-to-be-released study says. Reducing peak flows by 20 per cent is doable but the price tag would be at last $1 billion, according to a model developed for the Red River Basin Commission.

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