Farming market news for May 2006 USDA Raises May Lending RatesWASHINGTON - May 1/06 - SNS -- The USDA's Commodity Credit Corporation (CCC) raised interest rates for 1995 and prior crop year commodity loans from 4.750% to 4.875%. . . . Continue or visitors click here CWB Contract Call UpdateWINNIPEG - May 1/06 - SNS -- The Canadian Wheat Board (CWB) announced contract calls for Canada Western Red Spring wheat (CARS), Canada Prairie Spring White wheat (CPSW), Canada Western Extra Strong Red spring wheat (CWES), Canada Western Red Winter wheat (CWRW), and Canada Western Soft White Spring wheat (CWSWS) for the 2005-06 crop year. . . . Continue or visitors click here CWB Feed Barley PaymentWINNIPEG - May 3/06 - SNS -- The Canadian Wheat Board (CWB) is making an interim payment of $10 per metric ton (MT) for all feed barley delivered into the 2005-06 Pool A, which was open from Aug. 1, 2005 to Jan. 31, 2006. . . . Continue or visitors click here CWB Contract Call UpdateWINNIPEG - May 9/06 - SNS -- The Canadian Wheat Board (CWB) issued an advance delivery call on 2005-06 Series C delivery contracts for Canadian Western Amber Durum wheat (CWAD) to meet nearby sales commitments. . . . Continue or visitors click here CWB Contract UpdateWINNIPEG - May 16/06 - SNS -- The Canadian Wheat Board (CWB) announced contract calls for Canada Western Red Spring wheat (CWRS), Canada Prairie Spring Red wheat (CPSR), Canada Western Feed wheat (CW FEED) and Canada Western Hard White Spring wheat (CWHWS) for the 2005-06 crop year. . . . Continue or visitors click here Cash Advance Program Changes SoughtOTTAWA - May 18/06 - SNS -- The Canadian government plans to introduce legislative amendments to the Agricultural Marketing Programs Act (AMPA) intended to increase the amount of money available under cash advance programs for the country's farmers. . . . Continue or visitors click here Farmers Want to Determine CWB FutureWINNIPEG - May 24/06 - SNS -- A telephone survey of 1,303 farmers in Alberta, Saskatchewan and Manitoba found they want a plebiscite to determine the future of the Canadian Wheat Board (CWB) and not unilateral action by the federal government. . . . Continue or visitors click here Canadian Farm Cash Receipts SummaryA table about Canadian Farm Cash Receipts Summary . . . Subscribers Only
Canadian Farm Incomes PlungeOTTAWA - May 26/06 - SNS -- First-quarter market cash receipts for Canadian farmers fell to their lowest quarterly level in a decade, according to Statistics Canada, because of a substantial decline in revenue from crops and a marginal drop in livestock receipts. . . . Continue or visitors click here Biodiesel Plants Banned in Western AustralianSYDNEY - May 31/06 - SNS -- Two plants which have been widely promoted on the internet as being a good course of biodiesel oil have been banned by the Department of Agriculture and Food in the state of Western Australia. . . . Continue or visitors click here U.S. Farmers Get Breathing RoomWASHINGTON - May 31./06 - SNS -- The income situation of farmers in the United States improved slightly in May as returns from selling agricultural commodities improved and the cost of farming was unchanged from the previous month. . . . Continue or visitors click here No Change in Farm Expenses in MayWASHINGTON - May 31/06 - SNS -- There was no change in the cost of farming in the United States in May, according to the USDA's preliminary May Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW). . . . Continue or visitors click here
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