KAP Explores Weather-Indexed Production Insurance

“I guess it really boils down to kind of a philosophical discussion over who should be delivering crop insurance.” – NEIL HAMILTON If Manitoba farmers could’ve insured against a killing frost occurring in late August, many would’ve, suspects Keystone Agricultural Producers (KAP) president Ian Wishart. Fortunately, the frost held off and disaster was averted. Farmers

Cargill CFO Sees Signs Of Economic Recovery

The chief financial officer of U. S. agribusiness giant and trading firm Cargill Inc. said Aug. 18 he sees signs that emerging economies were recovering and was cautiously optimistic about growth in the months ahead. “I think emerging markets continue to offer the best opportunities. That is where the economic activity is best right now,”


Cattle Producers Call For Price Insurance Coverage

“This is an area where we’ve been short every time.” – MARTIN UNRAU, MCPA Canada’s free-enterprise cattle producers have taken a radical step in risk management by asking for a government-run price insurance program. The Canadian Cattlemen’s Association recently called for a national cattle price and basis insurance program to guard against drastic dips in

Revised ICE Canada Barley Futures Should Help Price Discovery

The newly revised Western barley contracts on the ICE Futures Canada platform are slowly building their open interest and should eventually provide a better mechanism for price discovery and risk management, according to traders and industry participants. The revised barley contracts started trading June 22 with the November 2009 contract the nearest month. The major


ICE Canada To List New Western Barley Futures Contract

ICE Futures Canada has received approval to list a new Western barley futures contract, a notice to market participants from the exchange said. The current Western barley futures contract months from March 2010 onward are to be delisted immediately. July ’09, October ’09, and December ’09 contracts will remain listed, ICE Futures Canada said. The

Cargill Profit Drops 68 Per Cent As Economy Hurts

Agribusiness giant Cargill said on April 15 that quarterly profit fell 68 per cent, hurt by the weak global economy and troubles in the financial sector. Cargill, one of the world’s largest private corporations, said it had earned $326 million in the third quarter ended Feb. 28, down from $1.03 billion a year earlier. The


Ritz Asks CWB To Allow Full Federal Audit

Federal Agriculture Minister Gerry Ritz has taken the Canadian Wheat Board up on its invitation to have federal Auditor General Sheila Fraser review its risk management practices. Going one further, however, Ritz also wants Fraser’s office to conduct “a full audit of all operations” at the CWB, the minister said in a release last Thursday,

Review Of CWB Pricing Options Warranted

For once, critics of the Canadian Wheat Board are advancing a reasonable suggestion. The Grain Growers of Canada is calling for an independent review of risk management strategies at the CWB. Grain Growers of Canada is decidedly not a CWB supporter. However, unlike much of the anti-CWB rhetoric, their call for an independent review has


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

LETTERS – for Feb. 5, 2009

New legislation has far-reaching implications Agriculture, Food and Rural Initiatives Minister Rosann Wowchuk has recently announced that under the new Food Safety Act all food premises in the province of Manitoba will have to be licensed. She wants to start with livestock and move her way down to fruits and veggies. I have read these