Reading Time: 2 minutes CNS Canada — Even as large world supplies continue to weigh down the North American corn market, farmers in Manitoba can continue to hang their hats on strong yields, according to an industry expert. Manitoba’s average yield from the 2017 crop was 134 bushels an acre, according to Myron Krahn, president of the Manitoba Corn […] Read more
Manitoba corn rides strong yields through bearish market
Watch those corn prices
Sometimes it seems prices are stuck in neutral. But keep your eyes open. Global demand is enormous, and shocks can emerge overnight
Reading Time: 5 minutes Corn is a brilliant crop to grow. Its productivity is amazing, with a planting season here in North America that starts in February in Texas and ends in June somewhere in Canada. With genetics that fight off all kinds of pests, it’s almost like there’s an explosion in the field as the crop heads into […] Read more
U.S. livestock: Feeder cattle hit two-month high
Reading Time: 2 minutes Chicago | Reuters — U.S. livestock futures gained on technical buying on Tuesday, with feeder cattle rising to a two-month high and lean hogs climbing by as much as 2.6 per cent, traders said. Fresh news remained scant, but traders were more optimistic about higher cash prices for both cattle and hogs. Declining prices for […] Read more
U.S. farmers running out of opportunities to sell corn at profit
Reading Time: 2 minutes Washington | Reuters — U.S. farmers who have been holding out for higher prices for their corn may finally sell their grain below target levels in the next few weeks as a government report released Friday underscores the huge supplies left in storage bins around the country, analysts said. The U.S. Agriculture Department said that […] Read more
Lower U.S. corn acres raise optimism for Manitoba growers
Reading Time: 1 minute CNS Canada — A wet spring in the U.S. has forced many farmers to switch out corn acres in favour of alternative crops — a practice that could potentially raise prices for Manitoba farmers, an industry watcher said. “It’s encouraging on the price outlook to see they (U.S. farmers) put less acres in,” said Myron […] Read more
China approves corn export permits to two companies
Reading Time: < 1 minute Beijing | Reuters –– China has given approval to at least two companies to export corn, two sources with knowledge of the matter said, in a radical move by the world’s No. 2 producer to cut its ballooning surplus that could add more supply to a saturated global market. The move threatens to push U.S. […] Read more
Corn, wheat prices seen hitting 10-year lows in 2016
Reading Time: 2 minutes Geneva | Reuters — Hefty supplies, large expected crops and poor U.S. exports will weigh on grain prices later this year with corn and wheat set to drop to 10-year lows as harvest nears, consultancy AgResource said Friday. In its first 2016 price forecast, the U.S.-based consultancy forecast Chicago Board of Trade (CBOT) December corn […] Read more
End of China’s corn stockpiling threatens global feed trade
Reading Time: 2 minutes Chicago | Reuters — Grain traders worried on Tuesday about the risk for reduced demand from China after the government said it would scrap its corn stockpiling program at a time when global markets are awash with excess supplies. Traders said importers in China would likely reduce purchases of farm products used to feed livestock, […] Read more
China to end state corn stockpiling, free up prices
Reading Time: 3 minutes Beijing | Reuters — China plans to scrap its corn stockpiling scheme and allow markets to set prices for the grain, pushing to boost efficiency on its farms and to narrow a gap between local and international prices that has sparked a surge of cheaper imports. The government will instead subsidize corn growers and encourage […] Read more
Corn acres seen rising in Manitoba
Reading Time: < 1 minute CNS Canada — Corn prices in Manitoba may not be setting any records these days but they’re still likely high enough to spur an increase in the amount of corn planted this year, according to an industry watcher. “I would not all be surprised to see a 20 per cent increase. The value of corn […] Read more
A message from April Stewart, Country Guide's Associate Editor
