Second suit seeks damages from monopoly’s end

A second group will seek to bring a class-action lawsuit against the federal government to win compensation for farmers over the end of the Canadian Wheat Board’s grain-marketing monopoly. The group, called Friends of the Canadian Wheat Board, will file its claim seeking compensation for the CWB’s physical assets, such as rail cars, as well


Letters — for Jan. 26, 2012

Conservative government needs a history lesson It is a shame that our elected members of government do not research information before they print false statements. In Merv Tweed’s last parliamentary report, two statements must be corrected. The first false statement was that the Canadian Wheat Board was “imposed” on western farmers. After many years of

Legal fights over CWB’s future not going away

According to Agriculture Minister Gerry Ritz, it’s all over but the crying for supporters of the Canadian Wheat Board’s single desk. “It’s a done deal, folks,’’ Ritz told delegates at the Western Canadian Wheat Growers convention in Moose Jaw recently, referring to the legislation to eliminate the CWB’s monopoly over wheat and barley exports Aug.


Choose your middleman carefully

“Shop it around.” “Read the fine print.” “Work with companies you trust.” “Don’t try doing this without professional help.” The advice is flying thick and fast as farmers try to wrap their heads around the prospect of selling their wheat, durum and malt barley on the open market for the first time since their great-grandfathers

Forecast calls for record canola acres, output

Canola futures on the ICE Futures Canada trading platform were mixed during the week ended Jan. 20, with the nearby months seeing small gains while the deferred values were slightly weaker. A continued strong export lineup at Canada’s West Coast, along with strong domestic demand from the processing sector, helped to generate some of the


More Crops Briefs, Jan. 26

Viterra shares stumble after disappointing Q4 Reuters / Shares of Viterra fell sharply after the grain handler reported disappointing quarterly results. The company reported lower-than-expected fourth-quarter earnings of three cents a share, although revenue of $3.1 billion topped expectations. CEO Mayo Schmidt said the results were “definitely disappointing.” However, for the year, Viterra’s profit jumped

Judge delays decision on CWB

Suspending a new law that ended the Canadian Wheat Board’s monopoly would sow confusion in Western Canada’s grain industry, lawyers for the federal government said in court Jan. 18 in a hearing on a plea from eight former directors. The one time CWB directors, Prairie farmers ousted when the bill to revamp the CWB became


New ICE Canada grain contracts off to slow start

Traders took a cautious approach to new IntercontinentalExchange grain futures and options contracts introduced Jan. 23 as the exchange looked to capitalize on the approaching end of the Canadian Wheat Board’s monopoly. ICE Futures Canada, based in Winnipeg, launched new milling wheat, durum and barley contracts for delivery in October and later, after the wheat