Hog Program May Lend Less Than Expected

“I know the industry is short a billion dollars.” – andrew dickson, mpc Pork producers worry that a federally guaranteed loan program for the financially troubled hog industry may lend only a fraction of the money originally hoped for. Ottawa has set aside $400 million in cash as a reserve to backstop special long-term loans

Struthers Becomes New Agriculture Minister

“I’m very much acquainted with the needs of farmers through representing producers.” – STAN STRUTHERS By his own admission, Stan Struthers’ farming experience consists of picking up the odd stone by hand and once wrapping a harrow around a tractor. Struthers grew up in town and didn’t live on the half section grain farm west


Ag Products Still On Buy, Sell List

Agricultural commodities will be an attractive investment opportunity in 2010 while gold could suffer a correction after rallies to record highs this year, a hedge fund manager at Federated Investors said Nov. 4. “A basket of agricultural commodities would seem sufficiently attractive as a long-term investment,” Steve Lehman, manager of the $1.48-billion Federated Market Opportunity

Taking The Edge Off With Futures And Options

“I pounded my head against the wall. When you say those words – ‘I think,’ ‘I hope,’ or ‘It’s gotta go higher’ – you’re speculating.” – TOM CLARK, CME There are a few surefire ways to avoid the unpredictable nature of commodity markets. One way out of the lowest-price-is-the-law trap is to direct market all


Hail Damage Seen Below Average

Manitoba’s farms saw “relatively light” hail damage during the 2009 growing season, with a near-average number of claims but total hail insurance payouts “well below average.” The Canadian Crop Hail Association, a Prairie hail insurers’ group, last week pegged Manitoba’s total hail insurance payouts for the 2009 season at just $12.2 million, spread over 2,650

EU Dairy Farmers Win Subsidies, Want Reforms

Dairy farmers won 280 million euros ($418 million) of additional subsidies from the European Union Oct. 19 after weeks of protests over low milk prices. But some of the farmers, who burned hay, threw firecrackers and blocked traffic with tractors and buses as EU farm ministers met in Luxembourg, said only a regulatory reform of


Frustrated Chicago Wheat Traders Seen Testing MGE

Frustrated wheat traders who say the Chicago Board of Trade Soft Red Winter wheat contract is no longer an effective hedging tool appear to be testing the waters in a new market – the Minneapolis Grain Exchange. Open interest in the MGE’s long-dormant, cash-settled Soft Red Winter Wheat Index futures has exploded over the last

School Trustees Concerned About Future Ability To Set Rates

“We’re getting a message that everything’s on the table.” – CAROLYN DUHAMEL, MSBA Manitoba school trustees are watching closely as a Saskatchewan measure to strip local school boards of their power to levy education taxes takes effect this year. The Saskatchewan move leaves Manitoba as virtually the only province in Canada where local school boards


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,

Soybean Acreage Weighs On Meal Prices

Wh e n one studies many weekly bar charts, it becomes evident that prices over a period of several months are typically moving up or down. This direction is the long term or major trend of the market. Within the major trend there are a series of fluctuating price movements that can be of several