CME expects volume to return in time

Reuters / CME Group’s plan to scale back its trading day for grain contracts will likely provide a boost to volume and liquidity, but traders said it will take time for investors to return to the market. “I think if they compress the hours again… it serves the needs of the customers who actually use

Winter wheat a money-making crop

High potential yields, good prices and relatively low production costs 
have a growing number of farmers interested in winter wheat

It will be a month or so yet before Manitoba farmers get a peek at the winter wheat crop that lies beneath this winter’s heavily insulated snow blanket. Manitoba farmers seeded an estimated 560,000 acres of winter wheat under less-than-ideal, dry conditions last fall, but at least it’s well insulated with lots of snow. “I


Customers are not happy with wheat quality

The Canadian Grain Commission says it’s reassuring customers that changes to the wheat board won’t undermine Canada’s wheat quality, but some buyers say that it’s already undermined. “They were really concerned that we’d be like Australia (and) when we lost the single desk we’d lose quality control and we’d also lose variety control,” assistant chief

World markets growing for Western Canada’s CPS wheat class

Recent regulatory changes will make it easier for American wheats to be registered in the Canada Prairie Spring class

The only problem processors are having with Canada Prairie Spring red wheat these days is not being able to buy enough of it, industry officials told the recent Prairie Grain Development Committee’s annual meeting. “I think if we can maintain our focus on quality, we have the potential to beat out pretty much every other


Argentina threatens barley export cap in bid to boost wheat crop

Grains behemoth Argentina is pushing farmers to produce more wheat by threatening to crack down on the fast-expanding barley sector, which growers are using as a hedge against export curbs, sources with direct knowledge of the situation told Reuters. With national inflation seen by private economists at 30 per cent this year and global food

Latest USDA supply-demand report delivers few surprises in key commodities

The U.S. Agriculture Department delivered few surprises in its monthly crop and world agricultural supply-demand reports, keeping U.S. corn and soybean supplies tight but raising global soybean and wheat stockpiles from a month ago. The Argentine soybean and corn crops were both lowered by drought, USDA said. Projected soybean output was trimmed by three per


New professorship in agricultural risk management

Staff / Lysa Porth has been selected to head the new Guy Carpenter Professorship in Agriculture Risk Management and Insurance at the University of Manitoba’s Asper School of Business. The professorship was made possible through a gift of $750,000 from Guy Carpenter & Company, a global leader in risk management and reinsurance intermediary services. The

CWB lowers old-crop PRO in cereals

CWB has lowered Pool Return Outlooks (PROs) for wheat in its Harvest and Winter pools, according to an updated report released on March 15. Durum and barley PROs in the Harvest and Winter pools were also lowered, while canola values in both pools were unchanged to higher. Wheat PROs in the Harvest and Winter pools


ICE Canada reverts to 1:15 close

ICE Futures Canada’s experiment with a later close has proved short lived, with the market reverting back to the traditional 1:15 p.m. CT close beginning April 8, 2013, the exchange announced in a notice to participants March 18. The canola, wheat, durum, and barley futures and options contracts on the Winnipeg-based market have been closing

An agricultural connection to the Iran hostage crisis

Since a Canadian flag helped American Lee Schatz escape the Iranian hostage crisis in 1979, he never left home without one

Brian Oleson is head of the department of agricultural economics at the University of Manitoba. He recently watched the Academy award-winning film Argo, based on the 1979 rescue of six U.S. diplomats by the Canadian Embassy in Iran under the direction of Ambassador Kenneth Taylor. Here he relates another Canadian connection. Watching Argo reminded me