Agribusiness Giants Can’t Escape Market Volatility

You know commodity trading conditions are tough when even firms that sit on both the buy and sell sides of a market still suffer hefty losses. Such was the case with 140-year-old agribusiness giant Cargill, which recently reported a 66 per cent drop in earnings in the latest quarter over year-ago levels due to global

CME Hogs Drop Seven Per Cent In August

CHICAGO/REUTERS U.S. hog futures on Aug. 31 finished down seven per cent for the month, livestock traders said. With the onset of cooler weather, hog weights have rebounded and put more hogs in hands of packers to pump more pork into the retail sector. In early August, the Midwest was in the grip of a


Grains Boom With Hot Money

Low U. S. interest rates and the weak dollar are drawing more hot money into grain markets despite the weight of mammoth crops, setting up a potential repeat of last year’s boom and bust in that market. As index funds and other big investors pour cash into futures at the Chicago Board of Trade (CBOT),

Considering Pod Sealants?

With the variable stages in this year’s canola crop, questions about the benefits of applying a pod sealant are surfacing. Pod sealants are relatively new to the Canadian marketplace and limited scientific research has been conducted with these products under western Canadian conditions. These products are designed to reduce shattering losses by preventing the pods


Will A World Wheat Contract Replace CBOT Futures?

“The market is going to take care of itself, the banking system will be back in order, the risk management of the grain companies will be back in order, and everybody is not going to be terrified.” – GLENN HOLLANDER Is the grain industry ready for a world wheat futures contract? A year-long campaign to

Funds see food staple prices weathering storm

Agricultural commodity prices are likely to fall in the short term as investment funds exit the market but should recover eventually in line with their fundamentals, fund managers told a conference Oct. 7. Asked what impact the financial crisis would have on staple food commodities such as sugar, wheat and coffee, Chris Armitage, managing director