Reading Time: 3 minutes Canola futures on the ICE Futures Canada trading platform lost some significant ground during the week ended Sept. 16, with the advancing harvest in Western Canada and reports of better-than-anticipated yields encouraging the downward price slide. Producers were also delivering canola right off the combine and into the country elevator system, which contributed to some […] Read more
Fresh Deliveries Pressure Canola
Corn Fungus Adds To Hard Year For U.S. Farmers
Reading Time: 2 minutes Corn farmers in some parts of the U.S. Plains are finding their newly harvested crop has to be heavily discounted or cannot be sold at all due to the presence of a vicious fungus that makes the corn dangerous to eat. The culprit is aflatoxin toxins produced by a fungus that can harm and possibly […] Read more
Brit Wheat Quality Above Average
Reading Time: < 1 minute Initial results suggest Britain s wheat crop is better quality than last season and the three-year average, the Home-Grown Cereals Authority (HGCA) said Sept. 5. The results from 18,000 wheat samples collected up to Aug. 31 show specific weights, Hagberg falling numbers and protein content all above last season. Hagberg falling number, a key measure […] Read more
Russia Crop Recovers
Reading Time: < 1 minute Russia harvested 64.6 million tonnes of grain by bunker weight by Sept. 1, up from 43.3 million tonnes a year ago and 64.4 million tonnes by the same date in 2009, Agriculture Ministry data showed Sept. 5. Grain had been harvested from 24.8 million hectares, or 56.3 per cent of the harvesting area of 44.1 […] Read more
Oilseed Demand Outweighs Harvest Pressure
Reading Time: 3 minutes ICE Futures Canada canola contacts moved higher during the week ended Sept. 1, as production concerns, advances in outside markets, solid end-user demand, and fund buying all provided support. However, the futures did run into some solid resistance to the upside, and profit-taking at the highs served to limit the advances. Harvest operations are moving […] Read more
Ukraine Rain Crop Up Sharply
Reading Time: < 1 minute Ukraine’s farms have completed the 2011 early grain harvesting, threshing 34.2 million tonnes with the average yield of 3.06 tonne per hectare, the Agriculture Ministry said last Monday. The ministry said farms had threshed 11.2 million hectares of early grains, mostly wheat and barley. It said farms harvested a total of 23.2 million tonnes of […] Read more
Big Argentine Corn Crop Seen
Reading Time: < 1 minute Argentina’s 2011-12 corn harvest could hit a record 30 million tonnes if weather conditions improve after harsh dryness hit yields last season, industry analysts say. Higher global prices and strong demand are expected to motivate farmers to plant more this year after dry conditions linked to La Nińa hurt yields in the 2010-11 season. If […] Read more
Canola Futures Fend Off Weather-Related Bearishness
Reading Time: 3 minutes Canola futures on the ICE Futures Canada trading platform managed to recapture some upward price action during the week ended Aug. 19. Support stemmed from the rally in the Chicago Board of Trade (CBOT) soybean complex, with a drop-off in farmer sales of canola into the western Canadian cash market also providing a firm floor […] Read more
New Corn Futures Limit Approved
Reading Time: < 1 minute Chicago’s CME Group has announced that the Commodity Futures Trading Commission has approved increased daily price limits for Chicago Board of Trade corn futures and options. Beginning Aug. 22, the initial price limit will increase to 40 cents per bushel per day. It will increase to 60 cents per bushel when at least two contracts […] Read more
Record Brazil Soy Crop
Reading Time: < 1 minute Brazil’s 2010-11 soybean crop estimate was raised slightly to a record 75.3 million tonnes from the 75 million tonnes projected in July, government crop supply agency Conab said Aug. 9. Conab said the total corn output this season would amount to 56.3 million tonnes, down slightly from the 57.1 million tonnes estimated in July. Brazil […] Read more