Reading Time: < 1 minute Chinese farmers may have planted 20 per cent less rapeseed in the country’s top-four growing provinces because of a lower return compared with wheat, according to a survey by several futures companies. Acreage of the oilseed in certain areas in Hubei, the top-producing area, could fall by more than 30 per cent, said the report. […] Read more
China Rapeseed Down
The Year In Review: Canola Chart Ends As A Hockey Stick
Reading Time: 3 minutes Canola contracts traded on the ICE Futures Canada platform are definitely much stronger exiting 2010 then they were going into the year. Anyone making a ‘Top 10’ list of the reasons for that strength would likely cite the adverse weather conditions across the Canadian Prairies first and foremost, but strong demand, activity in outside markets […] Read more
Global Grains Tight Despite Improved 2010 Crops: FAO
Reading Time: 2 minutes Global grain supplies remain tight this and next crop season despite better-than-expected world cereals output because demand has also risen, the United Nations’ Food and Agriculture Organization said Dec. 22. The FAO raised its projection of world wheat output to 653 million tonnes this year from a previous estimate of 648 million tonnes after better-than-expected […] Read more
•CWB Payments
Reading Time: < 1 minute Ongoing market volatility has pressured wheat values slightly downward in the Canadian Wheat Board’s latest pool return outlook (PRO). Wheat values are mostly down by as much as $4 per tonne, as are values for malting barley and Pool B feed barley, while durum values are up by as much as $6. PRO values for […] Read more
Russia To Up Spring Grain Sowing
Reading Time: < 1 minute Russia plans to increase the sown area for spring grains in 2011 by 2.9 million hectares from 2010 to compensate for reduced winter wheat sowing, Prime Minister Vladimir Putin said Nov. 28. “In the spring of 2011, plans are to increase the sown area by 2.9 million hectares,” Putin said. The Russian Grain Union said […] Read more
Traders Begin To Focus On Wheat Prospects For 2011
Reading Time: 4 minutes Canola futures on the ICE Canada trading platform were little changed during the week ended November 26. Some fractional advances were seen in the nearby contracts while the more deferred values experienced some minor losses. The general upward momentum seen in CBOT soybean and soyoil values provided a firm floor for canola, as did the […] Read more
Pricey U.S. Farmland Touted As A Solid Investment
Reading Time: 2 minutes Fears that rising farmland values may be building toward a bubble are overblown, according to a leading U.S. farmland investor. The fundamental factors driving rising farmland values are long term and are coupled with low debt levels in the sector, indicators not commonly associated with asset class “bubbles,” said Hancock Agricultural Investment Group (HAIG) president […] Read more
Global 2011 Palm Oil Output At New High
Reading Time: < 1 minute Global calendar year 2011 palm oil output is likely to rise by 3.2 million tonnes against 2010 to a new high of 49.4 million tonnes, Hamburg-based oilseeds analysts Oil World forecast Nov. 9. This would follow an estimated 1.1-million-tonne increase expected in 2010 to about 46.2 million tonnes, Oil World said. “Palm oil production prospects […] Read more
FOOD GROUPS SUE U.S. FOR ETHANOL BOOST
Reading Time: < 1 minute Livestock producers and food industry groups have filed a suit seeking to overturn a U.S. decision to allow higher levels of ethanol in gasoline, saying it could push up food prices. The Grocery Manufacturers Association, the National Meat Association and other groups sued the Environmental Protection Agency, saying regulators overstepped their authority when they ruled […] Read more
USDA Tightens Soy Supply View With Surprise Yield Cut
Reading Time: 2 minutes The government unexpectedly cut its estimate of the record-large U.S. soybean crop by one per cent on Nov. 9 due to lower yields, and said red-hot exports will reduce the stockpile to a bare-bones three-week supply by next fall, one-third thinner than forecast. In a monthly update, the Agriculture Department also pared its forecasts for […] Read more
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