An Ontario government proposal could dramatically increase the amount of Ontario corn going into ethanol production and help bring consistency to the basis price for corn in the province. The government has posted its proposal to increase ethanol content in the province’s gasoline from five to 10 per cent to the Environmental Bill of Rights […] Read more
Ontario proposal aims to double ethanol blend in fuel
Government move would boost corn market in the province
CBOT weekly outlook: Corn, soy trade watching South America
CNS Canada –– Seasonal holiday trade could lead to some choppiness in the Chicago Board of Trade soybean and corn markets over the next week, although the general bias will likely remain pointed lower in the New Year, barring a weather scare out of South America. “There’s a reluctance to take on new positions ahead […] Read more
Harvestec owner Linamar set to buy MacDon
Canadian harvesting equipment company MacDon is set to join the ag arm of industrial equipment and parts manufacturer Linamar. Guelph-based Linamar Corp., which markets the Harvestec brand of corn harvesting headers in North America, on Thursday announced a “definitive” agreement to buy 100 per cent of Winnipeg-based MacDon and its group of companies for $1.2 […] Read more
U.S. Midwest lawmakers will consider biofuel changes
New York | Reuters — U.S. lawmakers from states that produce corn for ethanol plants said on Wednesday they would consider proposals from Senator Ted Cruz of Texas to help the oil refining industry cope with the nation’s biofuels regulation, but would never agree on anything that diminishes the program. The price of U.S. renewable […] Read more
CBOT weekly outlook: Corn, soy look vulnerable to downside
CNS Canada — Soybean and corn futures both suffered losses over the past week as improving weather patterns in South America have pushed the commodities below their recent support levels. CBOT March corn dipped below the psychologically-important $3.50 a bushel level on Tuesday (all figures US$). The market was pressured by the U.S. Department of […] Read more
Feed barley in sync with Manitoba corn
CNS Canada — This year’s bumper harvest of Manitoba corn is making an impact at Alberta feedlots. According to Market Place Commodities at Lethbridge, feed barley prices are near the $215 per tonne mark, down $5 from a few weeks ago. “Corn is filling some of the volume demand, so it is keeping the price […] Read more
CBOT weekly outlook: Soybean markets excite while corn settles
CNS Canada — Soybean prices on the Chicago Board of Trade (CBOT) are finding support from Argentina weather while corn markets remain stuck in sideways trading, according to a Chicago trader. “The corn markets have kind of been left out of the Argentina weather equation with heavy fund selling here and there… and then might […] Read more
CBOT weekly outlook: Rangebound corn, soy watch South America, exports
CNS Canada — Weak exports and improving growing conditions in South America are casting a bearish tint over near-future prospects for corn and soybeans. One market analyst in Illinois noted the corn market was also extremely oversold. “A good technical close for December corn this week would be over $3.36” a bushel, said Scott Capinegro, […] Read more
Mexico court rejects appeal to lift GM corn ban
Mexico City | Reuters –– A Mexican court has rejected a company’s appeal to lift a ban on commercial planting of transgenic corn in Mexico, passing the matter to the Supreme Court, a lawyer for the firm said Friday. A federal court in Mexico City rejected the suit by PHI Mexico, a unit of U.S. […] Read more
CBOT weekly outlook: Soybeans excite ahead of holiday
CNS Canada — While corn futures sat quietly this week on the Chicago Board of Trade (CBOT), soybean futures were another story ahead of the U.S. Thanksgiving weekend. On Tuesday, “there was a lot of talk that Argentina was going to have some very good rains; the (soybean) market was understanding of that,” said Steve […] Read more
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