Barclays joins retreat from commodities as new rules bite — April 22, 2014


London | Reuters – Barclays will quit most of its commodities trading businesses, joining a broader retreat by banks as profits tumble in the face of tougher regulation. The British bank’s exit means three of the top five banks in commodities have significantly reduced or shuttered their natural resource trading arms since last summer, with […]

CME Group overhauls daily grain price limits — April 22, 2014


Chicago | Reuters – CME Group Inc., the world’s largest futures market operator, said Tuesday it will overhaul the system for setting daily price limits for U.S. grain and oilseed futures to reflect fluctuations in crop prices. Starting on May 1, CME, owner of the Chicago Board of Trade (CBOT) and other exchanges, will apply […]

U.S. grains: Corn rises on planting delays; soybeans sink — April 22, 2014


Chicago | Reuters — U.S. corn futures jumped on Tuesday as concerns about slow planting progress helped fuel a rebound from sharp losses the previous session, while soybean futures tumbled on increased imports into the U.S. Weather took centre stage for the corn market as traders worried rains may prevent farmers from making progress in […]

Less wheat, more canola expected in Canada — April 21, 2014


CNS Canada – Canadian farmers are expected to seed less wheat and more canola in 2014, according to average trade guesses ahead of Statistics Canada’s planting intentions report due out Thursday. “Compared to last year, we’ll see less wheat,” said Jon Driedger of FarmLink Marketing in Winnipeg, estimating spring wheat area could be down by […]

CWRS wheat prices down as basis widens — April 21, 2014


CNS Canada – Cash bids for Canada Western Red Spring (CWRS) wheat eased during the week ended Monday, as U.S. wheat futures were weaker and basis levels widened. Average spot bids on Monday for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around $192 per tonne, or $5.32 per bushel, […]

U.S. grains: Markets sink on improved weather, fund selling — April 21, 2014


Chicago | Reuters – U.S. wheat futures fell the most in more than a year on Monday as rains expected in the drought-stricken U.S. Plains raised hopes for the upcoming harvest. Improved weather also pressured corn and soybean futures amid projections for accelerated plantings in the U.S. Midwest. Technical and fund selling helped drive losses […]

The grain market needs a dose of ‘good cholesterol’

More regulation is not the solution to improving grain transportation

Just as there is both good cholesterol and bad cholesterol, there are both good and bad regulations. The CWB single desk was an example of a bad regulation — it clogged the arteries of western Canadian grain commerce by burdening farmers with high costs and no evidence of premium prices. Markets are efficient and effective […]

Man speaking into microphone

Potato growers still negotiating volumes with McCain Foods

All three processors have cut some producers entirely forcing some out of production entirely

McCain Foods still hasn’t settled on the volume of potatoes it wants Manitoba processing potato growers to produce this year, even though planting is just weeks away. “We know there will be another decrease in volume though (from last year),” Dan Sawatzky, manager of Keystone Potato Growers Association Inc., told the Keystone Agricultural Producers’ general […]

Corn, soybeans seen expanding on Prairies — April 21, 2014


Winnipeg | CNS Canada – Corn and soybean acres have expanded in Western Canada in the last 10 years and should continue to do so, according to Monsanto Canada’s vice-president. “When we think about our corporate vision and the potential to deliver on 110-bushel-per-acre corn, 40 bu./ac. soybeans, and 52 bu./ac. of canola, we believe […]

Billiton resumes Sask. potash work at ‘modulated’ pace — April 21, 2014


Global mining giant BHP Billiton has resumed excavation work it put on hold late last year at its potash mining project in Saskatchewan — but plans to pace its dig to best meet market demand. The Australian/British company on Wednesday released its operational review for the nine months ending March 31, in which it reported […]