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Cereals, News, Oilseeds

CBOT’s New Limits On Non-Grain Players Approved

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The Chicago Board of Trade (CBOT) on Feb. 13 received U. S. government approval to limit cash grain delivery instruments held by non-grain firms – its latest move to cool criticism about the performance its grain contracts. CBOT’s regulator, the Commodity Futures Trading Commission (CFTC), approved an amended Feb. 9 request to reduce the large
Cereals, Crops, News

Pakistan May Export Flour On Surplus Wheat

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Pakistan will likely produce more wheat from its bumper crop than a government target of 25 million tonnes this year, paving the way for more exports from South Asia which could further dent world prices. “There is no fear of any shortfall. It should meet our requirement, we should have some surplus,” Muhammad Saeed, chairman
Cereals, Crops, News

New-Crop Prices To Weaken

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The Canadian Wheat Board (CWB) expects wheat and barley prices to be considerably lower in 2009-10 compared to where they thought 2008-09 prices would be a year ago, according to the grain marketer’s first new-crop Pool Return Outlooks (PROs), released February 23 during the annual GrainWorld conference in Winnipeg. However, the CWB pointed out that
Cereals, Crops, News, Oilseeds

Spring Wheat Could Be Sleeper Crop In 2009

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Spring wheat could be the sleeper crop in 2009, according to market analyst Mike Krueger. The Fargo, N. D.-based president of The Money Farm consulting service has told his clients to lock in diesel fuel prices, if they can, and secure spring fertilizer supplies because it could be short. Krueger told the Manitoba Special Crops
Cereals, Crops, News

Farm Cash Receipts Up In 2008

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Canada’s farmers grossed $41.8 billion from the sale of crops and livestock in 2008, 14.2 per cent higher than in the previous year, Statistics Canada reported. The increase was fuelled mainly by higher prices for grains and oilseeds. Crop receipts rose 25.6 per cent to $23 billion. Receipts from sales of livestock increased just 2.9
Cereals, Opinion

Board Accountable To Farmers

The Canadian Wheat Board (CWB) recently published its annual report for the 2007-08 crop year. It was an exceptional year for Prairie grain producers, with record sales values and revenue for their grain. At the same time, the range of flexible payment options available to producers continued to expand. Over six million tonnes were committed
Cereals, News

Ritz Rips CWB Over Barley Pool Closure

Federal Agriculture Minister Gerry Ritz slammed the Canadian Wheat Board over its decision to close down its bulk barley pool in the interests of keeping prices high for those already in the program. “I’m very concerned when I see them put out a press release saying they’re closing the bulk barley pool because they don’t
Cereals, Crops, Grain Markets, Oilseeds

Demand For U. S. Grains Picking Up

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For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oilseed future s at ICE Futures Canada in Winnipeg closed the week ended Feb. 12 mixed with weakness in the U. S. futures markets weighing on prices, although it was partially offset by the declining Canadian dollar.
Cereals, News

CTA Ruling Helps Maintain Rail Competition Near Winnipeg

Paterson Grain has won its fight to continue being served directly by the American-based BNSF Railway Company (BN) at its Lilyfield elevator near Winnipeg. Feb. 9 the Canadian Transportation Agency (CTA) ruled against Canadian National Railway Company’s (CN) efforts to block BN’s access via a rail car interchange with CN. “This upholds the rights we
Cereals, News

MP Wrong About CWB Contingency Fund

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News that Prairie farmers earned a record $7.2 billion through the Canadian Wheat Board last year was buried last week beneath allegations that the board had mismanaged the Producer Payments Options program (PPO). Conservative MP David Anderson charged the board lost $130 million of farmers’ money, an allegation CWB chair Larry Hill says is untrue

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