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


Red flags pop up in U of M canola basis study

“On average you’re taking about a $9 (a tonne) hit by delivering (canola) in the fall (unless you locked in a lower basis). – Derek Brewin There are times when the canola basis – the difference between canola futures contract price and the net elevator price to the western Canadian farmer – seems “wonky,” says

Grains lose allure to fund investors

The global economic turmoil that has cost banks billions of dollars in losses and slammed hedge funds has dimmed the appeal of grains as an asset class, with fundamentals for corn and wheat pointing to lower prices. Lately, supply and demand factors have been playing a greater role in determining grain prices than they did


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

Markets still controlled by “outside” forces

For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oilseed futures at ICE Futures Canada in WinnipegWinnipeg closed the week ended Nov. 14 moderately lower as weakness in Chicago soybean and soyoil markets weighed on prices. The continued global financial instability also undermined the markets. Farmer


“Farmers will be driving Maseratis” and other news

For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oilseed futures at ICE Futures Canada in Winnipeg closed the week ended Nov. 6 higher. Canola prices rallied as farmers virtually turned off the tap and stopped delivering. Traders feel it will take farm gate bids of

U. S. grain group asks forced loadout of CBOT wheat

The National Grain and Feed Association (NGFA) has asked the Chicago Board of Trade to consider forcing buyers of CBOT wheat contracts to take physical delivery of grain in some instances in order to bring the contract and cash grain markets back in sync. The NGFA, the largest industry group of grain buyers and handlers,


Be careful what you ask for…

There’s an old saying that goes something like this: be careful what you ask for ’cause you just might get it. I’m often reminded of that saying when I get into discussions with people who want to get rid of the Canadian Wheat Board’s single-desk powers. For them, the board is a monopoly buyer of

Fertilizer prices falling, spring may be even cheaper

DON BOUSQUET It’s Your Business For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oilseed futures at ICE Futures Canada in Winnipeg closed the week ended Oct. 24 steady in barley and higher in canola in a volatile week as spreading global economic turmoil weighed on