MarketsFarm — Feed grain bids in Western Canada have shown some strength over the past month, but were stabilizing in early December as corn imports pick up from the U.S. Erin Harakal, trade manager at Agfinity Inc. at Stony Plain, Alta., said prices have been strong over the past month but steady over the past […] Read more
Feed weekly outlook: Prices strong, beginning to stabilize
Feed weekly outlook: Prairie grains remain firm
Transport issues slow U.S. corn flow
MarketsFarm — Feed grain prices in Western Canada remain strong in late November, although looming corn imports from the U.S. should keep a lid on the upside. Feed barley in Alberta is currently topping out at $9.78 per bushel, with feed wheat above $12 in some cases, according to Prairie Ag Hotwire. Those prices remain […] Read more
Feed weekly outlook: Record imports of U.S. corn likely
Feeders will need to scale back barley usage
MarketsFarm — Canadian imports of corn from the United States are picking up and could hit a record this year, given the tight supply situation across the Prairies. The most recent export sales data from the U.S. Department of Agriculture showed Canada as the country’s largest corn customer during the week ended Nov. 11, accounting […] Read more
China proposes new rules to ease GMO approvals
Leadership seeks 'turnaround' in seed sector
Beijing | Reuters — China is planning changes to its seed regulations that will make it easier to approve genetically modified crops, a move seen as a critical step toward commercializing GM corn. The ministry of agriculture and rural affairs published a draft document late on Friday proposing a series of amendments to several different […] Read more
High priced U.S. soybeans/corn due for correction
MarketsFarm – With United States soybean and corn harvests nearing completion, anecdotal reports point to better-than-expected yields for both crops that could weigh on futures prices at the Chicago Board of Trade. “It’s amazing that here in the U.S. we have a good corn and soybean crop, considering how dry we were,” said Scott Capinegro, […] Read more
Co-op to capture carbon at ethanol plant, refinery
FCL, Whitecap sign agreement to sequester fuel plants' CO2
A major Prairie ethanol and fuel producer is posed to spend just over half a billion dollars on a system to capture and sequester carbon dioxide from its operations in Saskatchewan. Federated Co-operatives announced Thursday it had signed a memo of understanding with Calgary-based ‘clean energy’ company Whitecap Resources, in which the latter company will […] Read more
Mexico won’t limit GMO corn imports from U.S., ag minister says
Ankeny, Iowa | Reuters — Mexico’s agriculture minister said the country would not limit imports of genetically modified (GMO) corn from the United States during a meeting with U.S. Agriculture Secretary Tom Vilsack in Iowa on Wednesday. Mexico published an executive order late last year that sought to ban in three years the use of […] Read more
CBOT weekly outlook: Soy, corn strength impressive for time of year
MarketsFarm — Soybean and corn futures at the Chicago Board of Trade have posted solid gains over the week ended Wednesday, recovering after bearish yield and stocks data from the U.S. Department of Agriculture sparked a selloff a week earlier. Terry Reilly of Futures International in Chicago used “pretty impressive” to describe the latest strength […] Read more
Feed weekly outlook: Shortages leading to price increases
MarketsFarm — Prices for feed grains are swinging higher because of shortages, according to Mike Fleischhauer of Eagle Commodities Ltd. in Lethbridge. “One thing we are sure of is we are running out of inventory, barley for sure, and we’re 11 months away from new crop,” he said. This year’s severe drought and excessive heat […] Read more
Tight U.S. soybean, corn stocks still beat expectations
MarketsFarm — Soybean and corn ending stocks in the U.S. may have been down sharply from the previous year, but still came in above trade expectations in the U.S. Department of Agriculture’s quarterly stocks report. That data in turn weighed on futures prices at the Chicago Board of Trade. Soybean stocks in the country as […] Read more
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