CME surveys members on trade hours

The Chicago Board of Trade has launched a survey asking customers whether it should shorten the nearly non-stop electronic trading cycle for grains and hinted that executives had grown less concerned about competition from rival IntercontinentalExchange. The Board of Trade, which dominates agricultural trading with U.S. grain and oilseed futures and options contracts, in May

U.S. drought prompts record crop insurance payout

washington / reuters Crop insurers have paid a record $11.6 billion to U.S. growers in compensation for losses due largely to widespread drought in 2012. Some analysts expect indemnities to reach $20 billion this year, nearly double the old record set in 2011. That would mean steep losses as insurers collected just over $11 billion


Live cattle prices end 2012 on a high note

Live cattle prices on the monthly nearby futures chart have rallied to within a couple of dollars of the historical high of $131.05, which was established in March 2012. Long-term charts, such as the monthly live cattle chart illustrated here are invaluable for identifying major price trends, as trendlines and formations on a weekly or

Governments urged to tackle sharp commodity price swings

Governments must co-operate to tackle increasingly sharp swings in prices of commodities such as food, metals and oil, says a British think-tank. “Trade is becoming a front line for conflicts over resources — at a time when the global economy is more dependent than ever on trade in resources,” states a report from London-based Chatham



U.S. fiscal plan averts steep rise in milk prices

Adeal approved by the U.S. Congress late New Year’s Day to avoid the automatic tax hikes and spending cuts known as the “fiscal cliff” also includes measures to avert the “dairy cliff” — a steep increase in milk prices. The tax agreement contains a nine-month fix for expiring farm subsidy programs by extending a 2008


Rural Germany faces steep decline

As farms get larger and land more expensive, young people from small towns are packing up and moving to the big cities in search of career opportunities. With a shrinking tax base, funding for the provision of services dries up, schools are shuttered, shops close, and doctors flee for greener pastures. Sound familiar? It should.

KAP sets up Puratone meeting

Keystone Agricultural Producers (KAP) is hosting a meeting Dec. 3 to try and clarify where grain farmers owed money by Niverville-based Puratone stand. “We’re not going to be threatening people or making statements of claim,” KAP president Doug Chorney said in an interview Nov. 26. “We really just want to get the facts out because



Think-tank report boosts farmers’ green credentials

KAP president says this year’s combination of flooding and water scarcity shows it’s time for “a rethink”

Manitoba farm groups are lauding a report from a leading think-tank that backs the idea of rewarding farmers for their role in protecting the environment. The report from the non-partisan Macdonald-Laurier Institute is further evidence “that incentive programs like ecological goods and services are going to be much more effective at meeting society’s objectives than