Bank Of Canada Wary Of Commodity Market Reform

World leaders should proceed with caution in efforts to crack down on speculation in commodity markets and must first understand what is causing prices to rise, the Bank of Canada said Feb. 10. French President Nicolas Sarkozy, who is chairing the G20 this year, has put reform of the commodity derivatives market near the top

U.S. Says Its Policy Not To Blame

U.S. Federal Reserve chairman Ben Bernanke said Feb. 3 it was “unfair” to blame U.S. monetary policy for pushing up inflationary pressures in emerging market economies. Some analysts have blamed the fed’s quantitative easing for flooding the global economy with money and helping to drive prices for food and other commodities higher. “It’s entirely unfair


Gulf Arab Governments Tackle Higher Food Prices

Countries in North Africa and the Middle East are urgently seeking ways to soften the blow of surging food prices for their citizens, alarmed by protests against authoritarian rulers from Algeria to Yemen. Unprecedented demonstrations have erupted around the region, triggered by events last month in Tunisia where President Zine al- Abidine Ben Ali was

Goldman Sachs Cuts Commodities Exposure

Goldman Sachs’ commodities trading risk has hit a near-seven-year low, its quarterly results on Jan. 19 showed, suggesting the Wall Street giant had become less aggressive lately in taking advantage of surging oil, metals and grains prices. Goldman’s Value-at-Risk (VaR) for commodities stood at $23 million for the fourth quarter ended Dec. 31. That was


Retirement Needs A Plan For Time As Well As Money

Retirement planning isn’t just about retiring from a career, it’s about retiring to a new phase of living, two consultants who specialize in farm financial planning said last week. What’s key is being clear about what you want and preparing for it, said Ag Days speakers Mark Sloane and Andrew DeRuyck. The two western Manitoba

Funds’ Commodity Holdings Could Hit $500 Billion

Commodity investments could near half a trillion dollars by the end of 2011 as the return of $100 oil and a broad-based rally heighten interest in the asset class to levels not seen since 2008. But the wave of money now hitting commodities is more sophisticated and discerning than its predecessor three years ago. Investors


Spoiled Beans Highlight Brazil’s Inflation Challenge

One bad harvest of beans in Brazil is causing massive headaches for new President Dilma Rousseff and showing just how difficult it is for policy-makers worldwide to combat a recent jump in food inflation. The retail price of beans – a staple that many Brazilians consume in virtually every meal – went up more than

Heavy Rains To Increase Colombia Inflation

Strong rains flooding agricultural land and washing away roads in Colombia will increase inflation but not so much as to change consumer price targets, officials said Dec. 6. Bad weather has affected commodity-producing countries worldwide, from rains stalling the wheat harvest in Australia to dry spells in some of Argentina’s soy-growing areas and oil refinery


Eu Cap Secure — For Now

The European Union’s financial crisis is big news these days, which made a seminar for North American journalists about EU monetary policy particularly timely. Naturally, a Canadian farm journalist had to ask about the future of the Common Agricultural Policy, which we are often told is unsustainable and about to break the EU bank. The

Protect Yourself From ID Fraud

Started your Christmas shopping yet? With the busiest retail season of the year coming up, an increase in financial transactions brings an increase in opportunities for fraud artists. Keep your holiday shopping joyous by taking a few extra precautions. Shopping in person: Even though you will be rushed and thinking about a thousand things, try