Crop problems lead to options bets on $7-$8 corn

For the past month, investors who foresee a potential shortfall in U.S. corn production at a time of brisk demand have placed low-risk bets that new-crop prices will surge 25 to 45 per cent by the end of this year. They’re banking on corn to surge back to the $7- or even $8-per-bushel mark after

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


EU wheat prices up on cold

European milling wheat futures rose on Monday to their highest in nearly eight months as buying linked to options reinforced support from nervousness about the risk to crops from freezing conditions across Europe. March milling wheat on the Paris-based futures market was up 5.00 euros or 2.3 per cent at 222.25 euros a tonne, a




Choose your middleman carefully

“Shop it around.” “Read the fine print.” “Work with companies you trust.” “Don’t try doing this without professional help.” The advice is flying thick and fast as farmers try to wrap their heads around the prospect of selling their wheat, durum and malt barley on the open market for the first time since their great-grandfathers


Forecast calls for record canola acres, output

Canola futures on the ICE Futures Canada trading platform were mixed during the week ended Jan. 20, with the nearby months seeing small gains while the deferred values were slightly weaker. A continued strong export lineup at Canada’s West Coast, along with strong domestic demand from the processing sector, helped to generate some of the

New ICE Canada grain contracts off to slow start

Traders took a cautious approach to new IntercontinentalExchange grain futures and options contracts introduced Jan. 23 as the exchange looked to capitalize on the approaching end of the Canadian Wheat Board’s monopoly. ICE Futures Canada, based in Winnipeg, launched new milling wheat, durum and barley contracts for delivery in October and later, after the wheat


Co-operating with its competitors

Attendance was down at the annual Canadian Wheat Board breakfast at Ag Days this year, but the farmers who came were encouraged by what they heard. “That just made my day. Now we have a choice,” said Jake Hofer, a wheat producer from Treesbank Colony after listening to a presentation by Gord Flaten, the board’s

U.S. cattle placements fall six per cent

Marketings are down two per cent Chicago / Reuters The number of cattle that flowed into feedlots in December fell six per cent, according to the Jan. 20 U.S. government cattle-on-feed data, a decline analysts had expected because of severe drought and high corn prices. Although the U.S. Department of Agriculture’s placement data came in