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Tag Archives grain companies — page 2

(File photo by Dave Bedard)
Crops

Grain elevators brace for high-volume shipping season

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CNS Canada — Grain companies in Western Canada are bracing for another high-volume year, as questions about the system’s ability to handle that amount continue to plague the industry. Wade Sobkowich, executive director of the Western Grain Elevator Association, said despite the heat stress that has hit many crops this year, grain companies expect this
(Dave Bedard photo)
Crops

U.S. Congress near deal on tax law’s impact on grain market

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Washington | Reuters — U.S. lawmakers are close to resolving a problem with the new federal tax law that gives grain co-operatives an unintended market edge over private companies, but have had a hard time getting agreement among members of the farm sector, a Republican senator said Thursday. A provision in the Republican tax overhaul
Grain movement is already prompting some concerns this season, with a larger-than-average crop in the bin.
Crops, News

Unexpectedly big crop moving slower than last year

That worries KAP president Dan Mazier, but the WGEA and 
grain monitor aren’t overly concerned — yet

By
Western Canada’s bigger-than-expected crop is moving to export slower than at last crop year’s record pace, and while grain companies aren’t panicking, Keystone Agricultural Producers’ (KAP) president Dan Mazier says it’s costing farmers. “It may not be a crisis, but it’s still taking money out of farmers’ pocket,” Mazier said in an interview Oct. 20.
Concept of making money agriculture
News

Grain profits tough to track

By
Although Viterra’s books are closed, its owner Glencore is publicly traded, giving the opportunity to gain some insight into the way the money flowed. Combing through them, ag economist Derek Brewin said he didn’t see irrefutable evidence of a windfall profit. But he also concedes he might have missed it. Despite marketing less grain in the
University of Manitoba agricultural economist Derek Brewin suspects grain companies captured $3.5 billion that should’ve gone to western Canadian wheat farmers due to a wider-than-normal export basis.
News

Wide basis cost farmers billions

The University of Manitoba’s Derek Brewin suspects 
grain companies got the money instead

By
Who grabbed more than $3.5 billion in revenue from the Prairie grain trade over two recent crop years? Many have asked that question and now a University of Manitoba agriculture economist has weighed into the debate. Derek Brewin says it was likely captured by the various grain companies that pocketed the difference in the 2013-14
Opinion: What’s the futures market telling us?
Opinion

Opinion: What’s the futures market telling us?

By
“Listen to what the futures market is telling you.” That came up in our news feed again last week, and it’s one of those phrases for which you’d like to have a dollar for every time you’ve heard it. It ranks slightly below the frequency for which you’ve heard a grain market adviser tell you
railway line
Crops, News

Room for improvement, says railway report card

Data collected for the Ag Transport Coalition says the railways deliver most of the cars grain shippers order but many arrive late

By
Railway service for Western Canada’s grain shippers was “highly variable and timeliness of delivery was an issue,” in the 2014-15 crop year that ended July 31, the Ag Transport Coalition (ATC) said in a news release Aug. 15. Canadian National Railway Company (CN) and Canadian Pacific Railway Limited (CP) supplied shippers with 69 and 43
CWB grain elevator
National news

Newly created buyer G3 to take majority ownership of government-owned CWB

Farmers can earn equity in CWB by delivering grain but it won’t be farmer controlled

By
When the Canadian Wheat Board had a monopoly to market western wheat and barley, grain farmers controlled its operation. But they didn’t own it. Now farmers who deliver grain to CWB can collectively own up to 49.9 per cent through a farmers’ trust, but they will have no control and little input. Control is with
a man holding wheat in his hand
Cereals, Opinion

Editorial: Will Wheat Commission’s PDQ project have any teeth?

Also, A job for the senators: Answering the unanswered questions of UPOV '91

By
If you didn’t read Phil Franz-Warkentin’s article on calculating basis on page 11 last week and don’t still have a copy, you can find it by going to our website and searching for “muddied.” That word appropriately describes the voodoo combination of futures and exchange rates that Prairie grain companies use to calculate their published

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