Gerry Ritz doesn’t understand the wishes of western farmers who do not want to give up the Canadian Wheat Board in favour of the open-market system that the U.S. and Australia
Ontario MP Bruce Stanton has introduced a private members’ bill to end the Canadian Wheat Board’s singledesk marketing authority. Bill C-619 would give farmers the ability to “opt out” of having to market their wheat and barley destined for export or domestic human consumption through the CWB for at least two years at a time.
Canada’s grain industry, including farmers, are questioning the Canadian Grain Commission’s (CGC) proposal to go to full cost recovery by more than doubling user fees that have been frozen since 1991. Currently about half of the CGC’s $80-million budget comes from fees charged for its services, most of which are ultimately paid for by farmers.
Stockpiles of wheat and canola in Canada, a leading exporter, shrank slightly more than expected at Dec. 31 from a year earlier due to smaller crops, Statistics Canada said Feb. 4, underscoring tight global supplies that have pushed up food prices and sparked protests. Stocks of all wheat in grain bins and country elevators were
Agriculture Minister and Minister for the Canadian Wheat Board Gerry Ritz has reappointed Ian White as president and chief executive officer (CEO), and David Carefoot as a director of the Canadian Wheat Board. “I am pleased Mr. White and Mr. Carefoot have agreed to continue serving western Canadian farmers,” said Minister Ritz. “As president and
In the Jan. 6 issueManitoba Co-operator,Canadian Wheat Board-elected director Bill Woods takes aim at the railways for what he calls “slick accounting.” Unfortunately, Woods has his facts wrong, which makes his whole argument meaningless. The annual review of regulated rail rates and charges showed that the revenue of CN and CP came in under the
Nearby canola futures on the ICE Futures Canada trading platform experienced a minor setback during the week ended Jan. 28 while the more-deferred contracts continued to trek upward. Much of the price weakness in canola was reflective of profit-taking, especially as new highs were established. Declines in Chicago Board of Trade (CBOT) soybean and soyoil
The Canadian Wheat Board didn’t fill a recent wheat tender from Japan because its wheat has a lower percentage of protein than Japan usually requires, a spokeswoman for the marketing agency said Jan. 27. But the wheat board remains confident of filling future tenders from Japan, its fourth-largest wheat export market, as talks with Japan’s
Canadian farm groups and the Canadian Wheat Board were quick with praise last week for a federal initiative to launch free trade negotiations with Morocco, saying a deal is needed to keep Canadian durum and pulse exports competitive with shipments from the United States. The U.S. has had an FTA with the North African country
It wasn’t many years ago when the grain market could be categorized as the good, the bad and the ugly with most commodities in the last two categories. Based on the market outlook presentations at the recent Crop Production Week in Saskatoon, the appropriate categories for 2011 are not so good, good and really good.