(Dave Bedard photo)

U.S. regulators revise proposal on commodity position limits

Chicago | Reuters — U.S. derivatives regulators are revising their proposal to limit the positions that traders can hold in commodity markets to make it easier for some hedge funds and banks to keep large trades. The Commodity Futures Trading Commission wants to allow financial firms to count their market positions separately from subsidiaries if



sunflower head at harvest

Manitoba Crop Report and Crop Weather report: Issue 21

Conditions as of September 21, 2015

Above normal temperatures allowed for excellent harvest progress over the past week in Manitoba, with harvest of spring cereal crops nearing completion. Harvest of canola, flax, edible beans and soybeans continues. Sunflower harvest has also started in the Central and Eastern Regions, and grain corn harvest is expected to start shortly in some areas of



(Country Guide file photo)

Prairie wheat bids dip slightly

CNS Canada — Cash wheat bids across Western Canada generally dropped lower during the week ended Friday. Average Canada Western Red Spring (CWRS) wheat prices were up by C$1-$3 per tonne across the three Prairie provinces, according to price quotes from a cross-section of delivery points. Bids ranged from about $221 per tonne in southern



Russia defends crop data reliability

Moscow | Reuters –– Russia’s agriculture ministry defended the reliability of its crop data on Thursday, after a farmers’ lobby said regional officials were pressuring farmers to report bigger grain crops to the ministry than they actually harvested this year. The ministry said its numbers, compiled by its regional departments which send “operational information” to

Grain being loaded onto the first ship of the season at Port of Churchill, Sept. 2015.

Churchill season starts later but on track

The port is trying to reduce track maintenance costs without 
compromising export shipments

Shipping from the Port of Churchill started a month later than usual this season — a trade-off between reducing railway maintenance costs in warm weather and getting as much grain as possible through the northern route before winter freeze-up. Loading started Sept. 9 on the Clipper Bettina with the vessel bound for Kenya and other


(Dave Bedard photo)

StatsCan raises wheat, canola estimates with new model

CNS Canada — Wheat and canola production are expected to be higher than in previous estimates, but still lower than in 2014, according to a new Statistics Canada model for field crop production estimates. The model-based report, released Thursday, pegs this year’s spring wheat production at 18.4 million tonnes, higher than previously forecast in the

(Country Guide file photo)

Wheat basis levels improve, futures stay bearish

CNS Canada –– Canada’s spring wheat basis has hit fresh highs to spur producer selling, but overall the market remains bearish. “It does seem kind of counterintuitive to see cash prices strengthening right during harvest,” said Brenda Tjaden Lepp, co-founder of FarmLink Marketing Solutions in Winnipeg. Over the past week, quoted basis levels for Canada