Canola prices slide as harvest begins

Weather issues continued to dominate the price patterns experienced by the oilseed markets located on the ICE Canada platform and the Chicago Board of Trade during the week ended July 27. The price movement in both resembled that of a roller-coaster with the up-and-down movement far from being over. ICE canola futures lost $36 to


New player in deregulated market

A Southeast Asian agri-food processor and a U.S. commodity trading firm are pairing up to enter the deregulated Prairie grain and oilseed supply chain. Singapore-based Olam International and Kansas City’s Lansing Trade Group have announced a new 50-50 joint venture, Lansing Olam Canada, to “originate and merchandise Canadian grains and oilseeds.” The two companies said

USDA asks markets when is the best time for data

washington/reuters / The government asked farmers, traders and futures exchanges June 7 for ideas on when it should release potentially market-moving agricultural reports, such as crop forecasts, now that commodity markets are open nearly all day. It could result in the first change in the U.S. Department of Agriculture reports in nearly two decades and



ICE set to introduce five new U.S. grain and oilseed contracts

Reuters / ICE Futures US intends to begin offering five new U.S. grain and oilseed contracts, pending review by the Commodity Futures Trading Commission. The contracts include U.S. corn, wheat, soybeans, soybean meal and soybean oil, IntercontinentalExchange (ICE) announced. Futures contracts are slated to be available on May 14, with options available May 15. “These contracts


New ICE wheat contract will struggle

The outlook for the new ICE Future Canada’s wheat futures market isn’t great, according to Neil Townsend, the Canadian Wheat Board’s North American market analyst. The long-running spring wheat futures market in Minneapolis didn’t get enough business before the Winnipeg market launched in January, he said. As a result, Minneapolis wasn’t “liquid” enough — a

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

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