Reading Time: < 1 minute Grain prices will likely remain elevated at the end of this year, a Reuters poll released July 25 showed, providing little relief to food prices while continuing to challenge policy makers battling inflation. Many analysts say the era of cheap food may well be over as rising crop production struggles to keep pace with soaring […] Read more
No More Cheap Food
Cwb Contract Deadlines Extended
Reading Time: < 1 minute Canadian Wheat Board’s FlexPro, fixed price contract (FPC) and basis price contract (BPC) sign-up deadlines have been extended to mid-March for the 2011-12 crop year. The sign-up window for the FlexPro contract, which offers a daily cash price throughout the crop year, was just six weeks for the 2010-11 crop year. An adjustment factor, however, […] Read more
Strong Loonie Tempers Canola Export Demand
Reading Time: 3 minutes ICE Futures Canada canola contracts found themselves moving lower for most of the week ended July 22, and could be set for some further declines before harvest if no new weather scares or outside market rallies materialize. A heat wave in southern Manitoba and Saskatchewan did provide a little support for canola, with reports of […] Read more
Rains Revive EU Wheat Outlook
Reading Time: < 1 minute Rains have improved the outlook for wheat crops in top European Union producers France and Germany, following spring droughts, and now sunshine is needed, crop analysts said on July 12. Prospects for the wheat harvest in Britain, however, continue to deteriorate as dry weather further stresses crops in the EU’s No. 3 producer. “It’s not […] Read more
Russia Back In The Wheat Business
Reading Time: < 1 minute The U.S. Department of Agriculture attaché in Russia reports that Russia’s grain production this year is expected to rebound from last year’s drought-affected crops, and assuming normal weather, Russia’s grain (including legumes) crop will reach 85.5 million tonnes. The government of Russia has announced that grain exports will be able to restart on July 1, […] Read more
Industry Skeptical On Canadian Barley Stocks Outlook
Reading Time: 3 minutes Canola futures on the ICE Futures Canada trading platform managed to claw back some advances during the week ended July 8. Talk of some fresh export demand coming forward for Canadian canola helped to see values rebound. Some concern about hot weather outlooks for the Prairies also encouraged some of the upward price momentum. Strength […] Read more
Global Grain Output To Fall
Reading Time: < 1 minute World cereals output in 2011 will be lower than expected and output will undershoot consumption this year keeping prices volatile, the U.N.’s food agency said on June 22. The United Nations’ Food and Agriculture Organization (FAO) has cut its forecast of world cereals output to 2.302 billion tonnes in 2011 from an earlier estimate of […] Read more
G20 Farm Deal A First Step
Reading Time: < 1 minute A G20 farm deal agreed on June 23 is a good initial effort to tackle food price volatility and fight shortages and should encourage investment in agricultural output, France’s agriculture minister said. “This is the way I see this agreement. A first step, a positive step, and also an impetus that has been given to […] Read more
Canola Drops On Fund Profit-Taking
Reading Time: 3 minutes ICE Futures Canada canola contracts dropped sharply during the week ended June 24, hitting their lowest levels in over a month as a broad-based fund sell-off weighed on prices. An unexpectedly bearish Statistics Canada acreage report also accounted for some of the selling, although most participants were downplaying the large StatsCan acreage number, given the […] Read more
ICE Canada To Trade Wheat As Monopoly Ends
Reading Time: 2 minutes ICE Futures Canada will launch spring wheat and durum contracts early next year to take advantage of Ottawa’s planned dismantling of the Canadian Wheat Board’s grain monopoly, its chief operating officer said on May 19. The spring wheat contract will compete for liquidity with one offered by the Minneapolis Grain Exchange, but will also complement […] Read more
Cyber-Savvy Farmer
