Reading Time: < 1 minute Ukraine’s government has proposed to parliament that current grain export quotas should be replaced by export duties, according to a draft law. The government proposed imposing a nine per cent duty on exports of wheat, 14 per cent on exports of barley and 12 per cent on corn. Last October the government imposed grain export […] Read more
Ukraine — Duties To Replace Quota
Risk-Averse Investors Ignore Weather Signals
Reading Time: 3 minutes Old-crop canola contracts on the ICE Futures Canada trading platform took it on the chin during the week ended April 15, suffering larger losses than the new-crop months. The complete lack of buying interest resulted in the nearby May and July canola futures suffering some significant declines. Steady elevator company hedge selling, prompted by producers’ […] Read more
Cwb Needs Durum – for Apr. 11, 2011
Reading Time: < 1 minute The Canadian Wheat Board says a Guaranteed Delivery Contract (GDC) is available for top-quality durum, for delivery by Apr. 15. No. 1 Canada Western Amber durum that has been committed to Series A, Series B or GrainFlo can be moved onto this GDC, and participants can choose to price in either the 2010-11 or 2011-12 […] Read more
Western Barley Sees Actual Trading
Reading Time: 3 minutes Canola contracts on the ICE Futures Canada platform moved higher during the week ended April 1, taking their cue from the rally in the U.S. soybean and corn markets. Activity was range-bound and choppy for the first half of the week, as participants squared their positions ahead of two widely anticipated U.S. Department of Agriculture […] Read more
Cwb Pre-Harvest Cash Advances
Reading Time: < 1 minute The 2011-12 Advance Payments Program (pre-harvest) begins Apr. 1, with the following per-tonne rates in place: wheat $137, durum $147, barley $85. Farmers can receive up to $400,000, with the first $100,000 interest free. Applicants must have 2011 all-risk provincial crop insurance to be eligible. AgriStability can be used as security if crop insurance is […] Read more
Risk-Averse Speculators Keep Eye On Libya, Japan
Reading Time: 3 minutes ICE Futures Canada canola contracts saw some choppy activity during the week ended March 18, hitting their lowest levels in months at one point before recovering to end the week with modest gains. News out of Japan dominated the headlines in all of the global financial and commodity markets, and canola was no exception. The […] Read more
Egypt Has Five Months’ Wheat Supply
Reading Time: < 1 minute Egypt, the world’s biggest wheat importer, has secured enough wheat supplies to last at least five months and is pursuing its purchases as normal, the main wheat buyer told Reuters Mar. 7. “Currently, we have (wheat) supplies for five months. This is excluding locally grown supplies,” Nomani Nomani, vice-chairman of the General Authority for Supply […] Read more
Prediction Of Record Canola Acres Meets Resistance
Reading Time: 3 minutes Canola futures on the ICE Futures Canada trading platform experienced a bit of a roller-coaster ride during the week ended March 5, as values pushed down one day and then moved up the next. On the week, canola values pushed upward thanks to steady domestic crusher demand, the surfacing of some fresh export demand and […] Read more
Russia To Review Grain Export Ban
Reading Time: < 1 minute Russia will debate whether to extend its ban on grain exports after July 1, Deputy Prime Minister Viktor Zubkov said Feb. 22 after meeting Prime Minister Vladimir Putin. Russian officials have said an extension of the ban will depend on the success of this year’s harvest. Russia is forecasting an 85 million tonne harvest, which […] Read more
Profit-Taking Hammers ICE Canola Futures
Reading Time: 3 minutes ICE Futures Canada canola contracts saw a roller-coaster of a week during the period ended Feb. 18, as the bottom finally fell out of the market and participants took profits after the steady rise over the past few months. However, after four straight days of large declines, values stabilized for a day, bounced higher and […] Read more
Cyber-Savvy Farmer
