CANOLA
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STAFF BLOG AG RIGHT Always learning about canola
Twenty-three years ago, my family grew canola for the first time on our farm in central North Dakota. On a drizzly late-summer morning, my father got on the swather to cut canola. I was skeptical: swa...
Posted on 5/18/12 at 9:13 AM
Durum decline
Keith Deutsch knows that part of his job is promoting his crop. He knows he needs to be realistic, too. “It just doesn’t look too good for this spring,” says Deutsch. a Plaza, N.D., farmer and president of the U.S. Durum Growers Association. “It may sound strange for someone from the association to be saying that.” But Deutsch and other area durum boosters say they have to acknowledge the obvious.
By Jonathan Knutson , March 12, 2012
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Firm markets start new month
The corn market gained 8 to 10 cents in both old and new crop contracts last week. Corn found support from smaller South American production and tighter U.S. old crop ending stock estimates. The U.S. Department of Agriculture will release its next monthly crop production and supply/demand report on March 9.
By Ray Grabanski , March 05, 2012
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Soybeans take a strong lead
The corn market lost 5 cents in March and 15 cents in December last week. Corn continued to trade in its sideways pattern. The market found support from fresh export sales along with tight ending stocks, while the new crop market is finding pressure from larger acreage and yield estimates.
By Ray Grabanski , February 27, 2012
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A wave of export sales
The corn market gained 10 cents last week. The futures came under pressure mid-week with larger acreage and production estimates for 2012. Buying interest did resurface late last week with fresh export sales.
By Ray Grabanski , February 20, 2012
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USDA report offers little surprise
The corn market lost 10 cents last week as there were no big surprises in the U.S. Department of Agriculture supply and demand report. Traders were expecting tighter stocks and an increase in exports, which did materialize and was built into the market.
By Ray Grabanski , February 13, 2012
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Excited about canola
LANGDON, N.D. — Here in the heart of America’s top canola-producing county, enthusiasm for the crop is stronger than ever.
By Jonathan Knutson , February 08, 2012
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February starts on firm footing
The corn market remained unchanged last week and traded near $6.40 in the March contract. The futures traded in a sideways pattern last week as it lacked any fresh news. Decent export sales last week, a firm cash market and lack of farmer selling offered support.
By Ray Grabanski , February 08, 2012
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Minnesota canola plant to open earlier than expected
HALLOCK, Minn. — As is the case with most building projects in the region, the warm and dry weather has hastened the construction of the Northstar Agri-Industries canola plant just south of here.
By Ryan Bakken , January 31, 2012
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Potential exports drive wheat higher
The corn market gained 25 cents last week with the strength in the wheat market. Rumors that Russia may put a tax on wheat exports and may even ban exports supported the wheat market which spilled over to corn. The strengthening export demand and a firming cash basis also offered support last week.
By Ray Grabanski , January 30, 2012
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Export market shows potential life
The corn market climbed back above the $6 level and gained 6 cents last week. Market support came from new export sales last week and the lack of farmer selling.
By Ray Grabanski , January 23, 2012
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USDA deflates bulls
Corn started last week trading with strength due to continued weather concerns in South America, primarily Argentina. But the gains were short-lived once USDA’s reports were released. USDA’s Final Crop Production report was not friendly for corn, as USDA raised 2011 U.S. corn yields and harvested acreage.
By Ray Grabanski , January 16, 2012
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Pea movement shows signs of slowing
WINNIPEG, Manitoba — Peas still are being exported, but the pace has slowed. Blame credit problems for European traders, but also blame the general slowing of global economies. Trade of commodities is being hampered by tight banking capital.
By John Duvenaud , January 16, 2012
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