Rising canola futures find point of resistance

Canola futures on the ICE Futures Canada trading platform moved higher during the week ended March 16. Concerns about the record pace of usage and the resulting depletion of old-crop canola stocks stimulated some of the upward price action. Chart-related speculative fund buying interest also contributed to the price advances. Much of that buying was

Currency risk protection offered

Volatile currencies can hurt your bottom line more than changes in commodity prices. That’s why the Keystone Agricultural Producers (KAP), in conjunction with Western Union Business Solutions, is introducing a new foreign exchange risk-management program. “If it makes sense to a producer, we can provide a solution,” said Mark Kelly, Western Union Business Solutions’ senior


Price now or price later? A primer on DDCs

A deferred delivery contract can lock in a profit, 
but also prevents cashing in on future price increases

Adeferred delivery contract (DDC) is the most popular type of grain-marketing contract provided by grain buyers. A DDC, as they are often called, locks in the price for a certain quantity of a base grade of grain to be delivered to a certain location at some date in the future. “Advantages of a DDC are

CWB officials promote pools at grower meetings

While the Canadian Wheat Board had its monopoly, some farmers complained getting a “good, average price” for wheat wasn’t good enough. But in the coming open market, the board is betting lots will think that’s pretty good. “The average of the market through a pooling operation does actually return people the best value, overall, over


Canadian Wheat Board seen gaining grain-handling deals

Canadian Agriculture Minister Gerry Ritz said Feb. 27 he is confident the Canadian Wheat Board will strike agreements with grain handlers to allow it to start buying farmers’ 2012 crops for future delivery. As of Aug. 1, the wheat board plans to continue buying and selling upcoming crops, even though farmers will be no longer

Git ‘r done Grain Growers urges

The Canadian Wheat Board will offer new crop-pricing options soon, spokesperson Maureen Fitzhenry said in an interview Feb. 22, but she declined to specify a date, nor say when the board expects to finalize agreements with companies to handle grain on its behalf. “It’s still our hope that we’ll be able to do something very


Speculators raise wheat short to record high

Large speculators raised their net short position in Chicago Board of Trade wheat futures and options to a record high amid ample stocks at a time of increased interest in the export market, regulatory data showed Feb. 24. The non-commercial traders, a category that includes hedge funds, cut back on their bullish bets on corn



Crops briefs March 8

Record U.S. corn crop to cool red-hot prices washington / reuters U.S. farmers will harvest a record corn crop this year, which will rebuild stockpiles and bring down prices, a University of Missouri think-tank projected in a report March 5 that came in 2.5 per cent lower than the most recent U.S. government projections. The