EU Grain Sale For Aid Will Distort Market

AEuropean Union plan to sell 1.5 million tonnes of surplus grain in the coming months to help the bloc’s poor will weaken feed prices and lead to more offers for EU intervention subsidies, member states warned. The EU in November agreed to sell cereals from its grain mountain to support the needy. Unusually, the sale

Global Energy, Food, Water Shortages On The Horizon

By 2015, the world will have arrived at the summit of global crude oil production, according to John Oliver, president of Maple Leaf Bio-Concepts. After that point, depletion rates of roughly four to six per cent per year in the world’s “easy” oilfields will leave an ever-shrinking pool of the precious resource to power the


EU To Keep Grain Mountain

The European Union will be compelled to retain its growing mountain of 4.2 million tonnes of unwanted grain as no disposal outlets are feasible in an era when subsidized sales on world markets are no option, analysts said March 19. This may mean the EU faces a storage bill of up to 74 million euros

EU Grain Farmers Brace For Life Without Safety Net

European grain farmers can expect volatile prices after Brussels partially removes a safety net in May, and cannot readily switch to other crops and will have to deal with market forces as best they can. As part of a drive towards a free market, from May 31 the European Union will suspend automatic “intervention,” the


Speculators Not Blamed In Cotton Futures Spike

“There is no smoking gun. If there was, obviously somebody would have been prosecuted.” – SHARON JOHNSON, FIRST CAPITOL GROUP Market manipulation did not cause cotton futures prices to artificially spike in 2008, the U. S. Commodity Futures Trading Commission said Jan. 5, after a lengthy investigation spanning nearly 20 months. Evidence found a host

Canadian Dollar Fails To Reach Par

The Canadian dollar was supposed to go par. At least this was the hype when the market peaked at .9798 on Oct. 15, 2009. When a commodity makes the headlines of major newspapers and magazines, it is often a telltale sign that it is near the end of the rally. When most consumers know that


The Wheat Board — Or Not

JOHN MORRISS EDITORIAL DIRECTOR The standard explanation in news reports is that AWB Ltd., formerly the Australian Wheat Board, last year lost its export monopoly due to fallout from AWB officials paying nearly $300 million in bribes to Saddam Hussein’s government as part of the “Oil-for-Food Scandal.” If so, it seems ironic that one of

Slumping Hog Futures — Sell Or Buy?

U. S. hog futures, which slumped to a seven-year low last week as the recession took a big bite out of demand, is seen by some analysts as a buying opportunity. But others are not convinced that the worst is over. “If I was a speculator, I would probably buy them,” Jim Robb, economist at


Bearish USDA Report Coincides With Bearish Chart Pattern

David drozd Although technical analysts, such as myself, rely primarily on analyzing charts for determining price reversals and in forecast ing price direction, we do keep one eye on the fundamental information as well. I’ll have to admit though, that whenever technical and fundamental analysis are at odds, and they are more times than not,

Bleeding U. S. Pork Sector Wants Help Too

Governors of nine U. S. states have called on President Barack Obama Aug. 7 to spend $50 million to buy up excess pork supplies. The calls came as prices for hog futures at the Chicago Mercantile Exchange fell anew to their lowest levels in more than six years amid growing concerns over demand, abundant supplies