Municipalities call for growth revenue source for infrastructure

“It’s a little more clear now. We are not asking for a new tax.” – Doug Dobrowolski, Incoming AMM President It sparked long debate and at times threatened to divide delegates, but in the end Manitoba’s reeves, councillors and mayors overwhelmingly mandated their association to begin lobbying for more cash to flow to local government

U. S. hogs end at six-week high as supplies abate

U. S. hog futures closed at their highest level in six weeks at the Chicago Mercantile Exchange Nov. 28 as investors believe the flood of hogs that hit the market this fall is abating, which should mean higher cash markets in the weeks ahead. Cattle futures finished lower, largely the victim of selling by investors


Electronic trading the pits, traders say

Electronic trading of grains is now dominating markets that not long ago were the last bastion of arm-waving, shouting pit brokers, but the easy access to prices and speed has come at a price – wild market swings and lack of trust that is driving away users. The focus of the controversy on the Chicago

U. S. House panel to monitor CDS clearinghouse pace

Futures exchanges from Chicago and New York will be asked to report in early December on their progress in forming clearinghouses to stabilize credit default swaps, a U. S. House of Representatives committee chairman said recently. The clearinghouses are regarded by U. S. regulators as a way to restore liquidity to the swaps market and


Volatile farm prices a worry

EU regulators should discuss with United States authorities ways to curb volatility in agricultural commodity markets so as to avoid unwanted buildups in speculative positions, a draft paper showed Nov. 26. The European Commission, the EU’s executive arm and author of the document, said it would examine the possibility of taking regulatory initiatives in this

Crisis remakes the commodity business

Only the brave or the foolish would make predictions about the future amid the biggest market upheaval in three generations. But it is already clear the crisis is profoundly reshaping the commodity trading industry. The mix of intermediaries, customers and financial resources are all being substantially redrawn. So here are some tentative thoughts on how


Fertilizer prices breach line of support

The news is always the most bullish at the top. In the last month or two we have all heard the news about higher fertilizer prices. Let’s take a look at this market from both a technical and fundamental perspective now that world fertilizer prices are easing. You may not be aware, but it is

Ritz returns, Transport gets a new look

“Farming is the backbone of the Canadian economy and in times of global economic uncertainty this government is committed to continue putting farmers first.” Gerry Ritz is staying on as agriculture minister in Prime Minister Stephen Harper’s new cabinet. But there’s plenty of change in other key portfolios. As was generally expected, Jim Flaherty remains


Deadline set for FarmPure creditors

Manitoba farmers owed money by FarmPure Seeds should prove their claims with Meyers Norris Penny by mid-December at the latest. MNP, as FarmPure Seeds’ trustee, goes to Court of Queen’s Bench in Saskatoon on Nov. 17 to get court approval for Ontario forage firm Pickseed to buy FarmPure’s forage seed assets at Nipawin, Sask. Pickseed’s

FarmPure creditors take Pickseed’s offer

Officials from Pickseed were able to provide producers and others “with a greater comfort level” Unsecured creditors of FarmPure Seeds have agreed to take a deal that may see them get back six cents on every dollar they’re owed by the Regina firm. Pickseed, a well-known Ontario forage seed and turf-grass company that plans to