Reading Time: < 1 minute Viterra supports Ottawa’s plan to end the Canadian Wheat Board’s grain monopoly, chief executive Mayo Schmidt said June 8. Schmidt told analysts on a quarterly conference call, the change will resullt in “important and lasting benefits” including more efficient grain movement. “We believe these changes will result in greater returns for agriculture producers, the industry […] Read more
Viterra Welcomes End Of CWB
Corn Second Tightest Since The Depression
Reading Time: < 1 minute U.S. corn supplies, already stretched thin by relentless feed, fuel and food demand, will grow even tighter in the coming year due to a rain-shortened crop, the government projected June 9. That means a drop of 300 million bushels in the likely corn crop and a drawdown of U.S. stockpiles through fall 2012. For the […] Read more
Canola, Barley Seen Gaining On Tight Supplies
Reading Time: 3 minutes Canola futures on the ICE Futures Canada trading platform suffered a minor price setback during the week ended June 10. The taking of profits by speculative accounts after new highs were established in the July and November contracts provided some of the downward price momentum. Adding to the bearish price atmosphere in canola were the […] Read more
World’s Wheat Crop Not Yet A Writeoff
Reading Time: 3 minutes ICE Futures Canada canola contracts saw some choppy activity during the week ended May 13, finishing with declines for the most part as speculative profit-taking and ideas that seeding conditions were improving in parts of the Canadian Prairies weighed on values. Those planting conditions are expected to be a key factor to watch in the […] Read more
Russia Ban May Lift Early
Reading Time: < 1 minute The price of fourth-grade milling wheat, Russia’s main export cereal, rose earlier this month as traders kept buying it on expectations of an early lifting of an export ban, analysts said. Russia, hit by a severe drought unrivalled in more than a century, imposed a ban on grain exports from Aug. 15, 2010 to July […] Read more
Ukraine Grain In Good Shape
Reading Time: < 1 minute More than 94 per cent of Ukrainian winter grain crops were in good or satisfactory conditionasofMay12, AP K-Informagriculturenewsagencysaid. Theagencyquoteddata from regions as showing that 56.3 per cent of crops were in good condition and 38.1 per cent were satisfactory. Ukraine’s grain harvest fell to 39.2 million tonnes in 2010 from 46 million in 2009 after […] Read more
Latest CWB PROs
Reading Time: < 1 minute The CWB’s latest 2010-11 Pool Return Outlooks (PRO) for wheat range from unchanged to down from $1 to $3 per tonne, with the exception of No. 1 CWRS 14.5, while durum is down $2 per tonne with the exception of Nos. 4 and 5 CWAD. Malting barley is down $1 per tonne, while Pool B […] Read more
Brazil Soy 72.6 Mln Tonnes
Reading Time: < 1 minute Brazil’s 2010/11 soybean crop forecast was raised to a record 72.55 million tonnes, up from 70.56 million tonnes seen in early April, grains analysts Celeres said May 1. It said average Brazil yields should reach 3.019 tonnes per hectare (45 bu/ac), up from 2.936 tonnes per hectare seen in April. Brazil harvested 68.5 million tonnes […] Read more
Canola Industry’s Eyes Are On The Calendar
Reading Time: 3 minutes Canola futures on the ICE Futures Canada trading platform declined during the week ended April 29. Outright liquidation by speculative and commodity fund accounts fuelled the downward price slide. The losses were exaggerated by the triggering of sell-stop orders on the way down. Losses in CBOT (Chicago Board of Trade) soyoil and newcrop CBOT soybean […] Read more
Brazil Soy Harvest Near Complete
Reading Time: < 1 minute The harvest of Brazil’s record 70.56-million-tonne soybean crop was 85 per cent complete last Monday, up from 77 per cent the week prior. On average, Brazil harvests 80 per cent of its crop by this week in the season. The world’s second-biggest soybean producer and exporter after the United States harvested a record 68.5 million […] Read more
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