Deferred delivery | Oversupply may force growers to sell at lower prices to free up bin space
Canola prices might be getting close to the lows for the crop year, but don’t expect a significant improvement in the market until 2015. That’s the assessment of Mike Jubinville, head analyst at Pro Farmer Canada. “We are carving out the bottom (of the market). We are seeing potentially the worst of it in this […] Read moreNews
Consider options to market canola
Mustard sector looks to hike yields
Mustard researchers are gearing up for a foot race of sorts with their canola counterparts. Pete Desai, president of Mustard 21 Canada, which manages research funding from government and industry partners, said the long-term goal is to attain 85 percent of the yields achieved by canola, whose funding dwarfs what mustard receives. It’s a 50 […] Read more
Record beef prices help U.S. beef packer margin to 2-1/2 yr high
CHICAGO (Reuters) – Some U.S. beef packers are reaping their best profits in 2 1/2-years after the price for beef that they sell to grocers and restaurants hit historic highs, analysts and economists said. Margins for beef processors such as Tyson Foods and Cargill Inc. will continue to widen as long as they are able […] Read more
U.S. grain groups ask Syngenta to delay GM corn not approved by China
WASHINGTON (Reuters) – Two leading U.S. grain groups have asked Syngenta AG, the world’s largest crop chemicals company, to halt commercialization in the United States of two genetically modified (GM) strains of corn not currently approved in China. The National Grain and Feed Association and North American Export Grain Association asked Syngenta to hold back […] Read more
EU wheat exports could rise as corn fills domestic feed needs – COLUMN
(The author is a Reuters market analyst. The opinions expressed are his own.) CHICAGO – European Union wheat exports are already projected to hit a record 26 million tonnes in 2013-14, but thanks to an abundant supply of cheap corn making its way into feed rations at the expense of wheat, the total amount of […] Read more
Test flax now to avoid disappointment, says council
Canadian flax growers will soon bear the full cost of testing their flax crop for the presence of genetically modified material. Funding for the Flax Farm Stewardship program will end Feb. 28, says the Flax Council of Canada . After that, the full cost of testing will be borne by farmers. Will Hill, president of […] Read more
Saudi tender latest in wheat demand bump
HAMBURG (Reuters) – Saudi Arabia is the latest in a string of countries this week to buy or tender for wheat to take advantage of its bargain price. The Saudi state grains authority GSFMO has issued an international tender to purchase 660,000 tonnes of wheat, European traders said on Thursday. The recent fall in corn […] Read more
Farmers urged to be cautious with product claims
Terry Buss struggles to contain his contempt when he sees the phrase “positive yield response.” Buss, a Manitoba Agriculture soybean specialist in Beausejour, Man., said “positive yield response” regularly appears in literature promoting foliar sprays and soil fertility products. He said those claims are often meaningless because they’re rarely supported by valid data. “Positive yield […] Read more
China won’t commit to GMO timetable
BEIJING, China (Reuters) — China’s agriculture ministry says there is still no timetable for the commercialization of domestically developed genetically modified strains of corn and rice. The country is already the world’s top buyer of GM soy. The ministry granted safety certificates for its first GM rice and corn in 2009 but has refused to […] Read more
U.S. pork stocks jump to record high
Jan 22 (Reuters) – A jump in the amount of pork bellies stored in U.S. warehouses pushed overall pork inventories in December to a record level, U.S. Department of Agriculture data on Wednesday showed. Analysts think companies are storing product now in expectation of tighter supply later this year. USDA’s monthly Cold Storage report showed […] Read more
