Open interest tiny amid CWB doubts, timing

After nearly four weeks of trading, open interest is tiny in the new milling wheat, barley and durum futures and options contracts offered by ICE Futures Canada. “I don’t think it’s fair to say we were looking for a lot of liquidity at this point in time with the contracts,” said Brad Vannan, president and

Analyst says another price surge unlikely

An economic storm overseas has resulted in a few waves hitting Canadian shores, leaving canola markets slightly dampened by volatility and uncertainty. The European debt crisis, along with a weak American economy, has affected canola markets, ProFarmer Canada’s Mike Jubinville told farmers attending Ag Days. “Certainly this has always been and will continue to be


It’s today’s price, not the future price

Stirling Moss, a famous racing driver of the 1950s, once said that the male of the human species will admit to not being good at just about anything except being a good driver or a good lover. If we are talking about some of the grain farmer subspecies, we might add a third skill, that

Cattle prices start 2012 at a new historical high

Live cattle and feeder cattle rallied to a new historical high last week. In reaching $150, feeder cattle prices achieved a technical measurement derived from a rectangle pattern. Rectangles, or box formations as they are sometimes called, are found frequently on futures price charts. Most of the time, they are continuation, or sideways consolidation patterns,


U.S. farmers, ranchers out $100 million

U.S. farmers and ranchers who had accounts with failed broker MF Global have got back the bulk of their money, but are still owed about $100 million. The $100 million is believed to be part of MF Global customers’ $1.2 billion in funds that remain missing after the chaotic flame-out of the broker. Thousands of

How Euro zone uncertainty affects wheat markets

Charting and technical analysis may be likened to reading a price road map where patterns form on the chart representing the road signs. If one is going to undertake a study of charts, it is imperative to learn the signs and their implications for prices. Classic formations, once identified, will point the way, signal caution,


How To Silence A Critic In 14 Days Or Less

TORONTO/REUTERS Viterra Inc. appointed a representative from its largest shareholder as a director less than two weeks after the same investor said the board was poorly equipped to lead Canada s biggest grain handler. Regina, Sa s k a t c h e w a n-based Viterra said late Nov. 11 that Brian Gibson had

No Money, No Sale, Says MBP Resolution

co-operator staff / Brandon Three resolutions aimed at protecting ranchers in the event of a dealer bankruptcy were the subject of debate at the recent Manitoba Beef Producers annual general meeting. The first, which called on MBP to lobby for laws making the transfer of ownership of cattle or commodities incomplete until payment is made


Spillover Buying Drives Up Prices

REUTERS / U.S. December cattle futures sprinted to their highest ever for a spot month Nov. 4, in response to strong cash cattle prices and broader market advances driven by Greece debt resolution optimism. Cash cattle and outside markets ran higher, so you re bound to get some spillover buying across the board on the

Record AgriInsurance Payouts Forecast For 2011

Manitoba farmers can expect record crop insurance payouts this year after an exceptionally wet spring followed by dry conditions most of the summer. Farmers will also pay higher crop insurance premiums next year to build up the program s reserves, drawn down by big payouts for the second year in a row. Craig Thomson, vice-president