Reading Time: 3 minutes profarmer canada/resource news int. ICE Futures Canada canola futures continued to break into new bullish territory during the week ended Aug. 6, with the most actively traded November contract gaining $10 to close at a fresh contract high of $469 per tonne. Winnipeg canola futures picked up technical momentum on price charts during the week. […] Read more
News From Eastern Europe Sparks Wheat-Buying Frenzy – for Aug. 16, 2010
Canola Bulls See Grey Skies Ahead
Reading Time: 3 minutes For three-times-daily market reports from Resource News International, visit “ICE Futures Canada updates” at www.albertafarmexpress.ca. Canola futures on the ICE Futures Canada trading platform posted solid advances during the week ended July 9 with gains coming on the heels of the reduced production prospects for the crop. The penetration of key technical resistance in the […] Read more
CWB Contract Program Changes
Reading Time: < 1 minute The Canadian Wheat Board has announced changes to the GrainFlo and Series contracts for the new crop year beginning Aug. 1. The GrainFlo tonnage cap will more than quadruple to three million tonnes for Canada Western Red Spring (CWRS) wheat. The cap will triple to 600,000 tonnes for Canada Western Amber Durum (CWAD). GrainFlo will […] Read more
OIL WORLD SEES LARGER U.S. SOY CROP
Reading Time: < 1 minute The U.S. 2010/11 soybean crop is likely to rise to 92.3 million tonnes, up from 91.42 million tonnes in 2009/10, Hamburg-based oilseeds analysts Oil World forecast July 13.This was above the USDA estimate on July 9 of 91.04 million tonnes. But the global 2010/11 soybean crop is forecast by Oil World to fall to 255.79 […] Read more
RAIN CUTTING INPUT SALES
Reading Time: < 1 minute Viterra has warned that problems planting this year’s crop will affect its bottom line due to reduced input sales. “Approximately eight million acres went unseeded, and additionally, about two million seeded acres were lost to excess rains,” the company said. Viterra said it expects industry sales to drop by 15 to 17 per cent in […] Read more
CWB, China Ink Wheat Agreement
Reading Time: 2 minutes China has been an important wheat customer for Canada over the years, but not so much recently as it strived for greater food self-sufficiency. But a memorandum of agreement signed July 3 in Shanghai between the Canadian Wheat Board (CWB) and China National Cereals, Oils and Foodstuffs Corporation (COFCO) will see a minimum of 500,000 […] Read more
U.S. Farmers Can’t Meet Booming Corn Demands
Reading Time: < 1 minute Exporters, livestock feeders and ethanol makers are going through the U.S. corn stockpile faster than farmers can grow the crops, the government said July 9. Despite record crops in two of the past three years and another record within reach this year, the USDA estimated the corn carry-over will shrink to the lowest level since […] Read more
FAO SEES IMPROVEMENT IN PRICES
Reading Time: < 1 minute The UN’s Food and Agriculture Organization and OECD said that an economic upturn and energy demand will lift farm prices in the next decade, but prices will fall short of peaks in 2007-2008. “Let’s say it’s now moving at a more cruising speed,” OECD secretary-general Angel Gurria said June 15. Prices of crop and livestock […] Read more
Heat Index Shows Higher U.S. Corn Yields, Record Crop
Reading Time: 2 minutes The U.S. corn belt is enjoying one of its best growing seasons in years, according to a Reuters analysis of government temperature data, that looks likely to boost yields and deliver a record crop. The number of growing degree days, a method of measuring temperatures between 50 and 86 degrees Fahrenheit considered to provide the […] Read more
OIL SPILL TO HELP RENEWABLES?
Reading Time: < 1 minute Renewable fuels like corn-based ethanol will get a boost as the massive oil spill in the Gulf of Mexico feeds worries by Americans about long-term dependence on oil, a top U.S. private agricultural economist said. “The spill has heightened the concern about our dependence on fossil fuels so that quite naturally is causing people to […] Read more
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