ADM worried about soybean supplies

Archer Daniels Midland Co. is “very concerned” about the potential for low U.S. soybean supplies due to a shift toward corn plantings, said Craig Huss, chief risk officer. Farmers are expected to increase corn plantings to a 75-year high this spring to take advantage of high prices, and to plant fewer acres of soybeans than

CWB continues to shrink

The Canadian Wheat Board will be down to one-quarter of its previous staff by the time it loses its monopoly Aug. 1, a downsizing critics call disappointing, but predictable. But some are also questioning whether the board’s top five executives should continue to receive salaries and benefits totalling $2.3 million annually, including $807,000 in pay


The Brand X elevator and corporate control of the food supply

The potential for contracted acres to be linked to herbicide and fertilizer purchases as well as point of delivery was already there

When Manitoba Pool Elevators and the Alberta Wheat Pool amalgamated in 1998 to become Agricore, I joked at the local watering hole that we really needed to invent an elevator sign that was Velcro backed. Even then, it was apparent that there was a lot of work involved in rebranding trade names on very tall

Letters, May 10, 2012

“Use it or lose it” comments tactless In the April 5 Manitoba Co-operator story “CWB offering new crop prices, contracts now,” by Allan Dawson, Grain Growers of Canada executive director Richard Phillips tactlessly comments that farmers need to use the CWB or lose it. This idea coming from Phillips is ironic and quite frankly foolish.


Farmers own CWB assets: KAP, WRAP, APAS

They’ve given up trying to save the wheat board’s single desk, but three leading farm leaders are still fighting to save the board’s assets, including the contingency fund, for farmers. “I certainly have marching orders from my membership that the assets of the wheat board belong to farmers,” said Doug Chorney, president of Keystone Agricultural

New CCA president to focus on processing, foreign trade efforts

For the first time in decades, a Manitoba rancher has risen to the top job of the Canadian Cattlemen’s Association. Cow-calf producer Martin Unrau, a CCA vice-president, was recently acclaimed as president and will replace Alberta’s Travis Toews. Along with wife Roxie, son Garett, and a part-time employee, Unrau runs 500 head on Bar 88


ICE set to introduce five new U.S. grain and oilseed contracts

Reuters / ICE Futures US intends to begin offering five new U.S. grain and oilseed contracts, pending review by the Commodity Futures Trading Commission. The contracts include U.S. corn, wheat, soybeans, soybean meal and soybean oil, IntercontinentalExchange (ICE) announced. Futures contracts are slated to be available on May 14, with options available May 15. “These contracts

Bigger and bigger and …

Two years ago March 12, trumpets blasted in Ankeny, Iowa, as America’s new gladiators for agricultural justice — U.S. Attorney General Eric Holder, Jr., his antitrust chief Christine Varney, U.S. Department of Agriculture boss Tom Vilsack and hundreds of farmers — gathered for a day-long discussion on “competitive dynamics of the seed industry; trends in


Cargill not commenting on IPO rumours

chicago / reuters / U.S. agribusiness Cargill Inc. said on March 28 it had no comment regarding a market rumour that it was planning an initial public offering. “Our company does not comment on market rumours,” Cargill spokeswoman Lisa Clemens said. Talk about an IPO among traders and investment bankers surfaces periodically about Minneapolis-based Cargill,