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

Markets Toss And Turn On Economic Uncertainty

ICE Futures Canada canola contracts bounced around within a relatively narrow range during the week ended Oct. 28, posting declines in most months, aside from the nearby November. The gains in the front month were tied to position-evening ahead of deliveries against the contract, as traders exited their positions in November and the spread narrowed


Corn Market Sends Confusing Signals

U.S. corn farmers are receiving conflicting signals from the cash and futures markets on whether to sell or store their grain. On the one hand, firm cash basis levels seem to suggest that corn demand is in better health than the futures market may imply, and could be a sign that growers should lock down

Ending CWB Monopoly Brings Big Changes

Next August 1 ushers in what is arguably the most radical policy shift in Western Canada s grain industry since the Canadian Wheat Board monopoly was created nearly 69 years ago. Western wheat, durum and barley farmers will have marketing freedom. What then? Farmers and the industry are divided over whether it will usher in



ICE Canada To Trade Wheat As Monopoly Ends

ICE Futures Canada will launch spring wheat and durum contracts early next year to take advantage of Ottawa’s planned dismantling of the Canadian Wheat Board’s grain monopoly, its chief operating officer said on May 19. The spring wheat contract will compete for liquidity with one offered by the Minneapolis Grain Exchange, but will also complement


Delisting Western Barley Futures Not In Cards Just Yet

Although open interest in western barley futures on the ICE Canada trading platform continues to be virtually non-existent, officials with the exchange are hoping the industry will again participate in the contract and prevent the delisting of the commodity. “We are not currently considering delisting the western barley contract at this time,” said Brad Vannan,

Western Barley Futures Contract Languishes

Open interest in western barley futures have declined to virtually zero, which would normally signal the end of the contract’s long and distinguished history is close at hand. However, officials from ICE Futures Canada are not ready to give up on the contract quite yet and are working on ways to reinvigorate it. Open interest


EU Targets Market Speculation – for Sep. 23, 2010

BRUSSELS/PARIS/REUTERS The European Commission is taking aim at growing speculation and volatility in commodity markets, using its plan to reform wider financial markets, just as EU grain futures hit contract highs Sept. 20. Michel Barnier, the European Commissioner in charge of financial reform services, said at a conference that he wanted to use a planned

What If Production Comes Up Short On A Forward-Priced Contract? – for Sep. 23, 2010

In some parts of Western Canada, flooding and weather conditions have meant disappointing crop losses that have led to some difficult contract positions. As part of an initiative to help farmers get the best value for their crop, the Canadian Canola Growers Association investigated some possible next steps for farmers who find themselves in a