CWB retirees keep indexed pensions

No matter what happens to revamped Canadian Wheat Board, its retired employees will still receive indexed pensions. The federal government gave $348 million last year to cover CWB’s “legacy liabilities,” including pensions and pensioners’ benefits. Some of those funds were used to purchase a $150-million indexed group annuity buy-in from Sun Life Financial, the CWB

Glencore founder dies in Switzerland

Billionaire Marc Rich, who invented oil trading and was pardoned by President Bill Clinton over tax evasion, racketeering and busting sanctions with Iran, died June 26 in Switzerland aged 78. Rich fled the Holocaust with his parents for America to become the most successful and controversial trader of his time and a fugitive from U.S.



A sample options strategy for soybeans

We recently had the privilege of co-presenting with the CME Group at their CBOT Grain Options Workshop during the annual Wild Oats Grainworld conference in Winnipeg. Here’s an overview of that event including what is risk, what is risk management and a straightforward strategy you can use to protect yourself against falling grain prices. What

April live cattle futures post new contract low in first quarter of 2013

A drop of $13 per hwt is a classic example of the market topping out when the news is the most bullish

Live cattle prices have been under pressure since peaking in December amid bullish headlines and news that took prices to historic highs. Cattle and calves in the United States according to USDA estimates as of January 1, 2013 totalled 89.3 million head, which is two per cent below the 90.8-million figure recorded a year earlier.


CME pares back grain trading hours

CME Group Inc. said March 5 that it plans to pare its nearly non-stop trading cycle for grains and oilseeds to 17-1/2 hours per session after traders complained a move to extend activity had hurt liquidity. CME, owner of the Chicago Board of Trade, sought to shorten the trading day less than a year after