Ari Westhaver of the NFU demonstrating on Parliament Hill in Ottawa on Nov. 22, 2023. (Jonah Grignon photo)

NFU takes demand for ban on investor ownership to Parliament Hill

Organization's youth caucus concerned amid ‘transition crisis’

Members of the National Farmers Union (NFU) gathered on Parliament Hill Wednesday to demand a ban on investor ownership of farmland. The demonstration was organized by the NFU Youth Caucus and Farm Workers’ Working Group. The goal was to demand protection of food sovereignty and help farmers, especially young ones, gain more access to farmland.

ICE July 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Not a matter of when, but where canola peaks

Prevailing trend remains downward

MarketsFarm — As the rally in canola on ICE Futures continued Wednesday, an analyst stressed it’s not when this upswing ends, but where. David Derwin of PI Financial in Winnipeg spoke of when canola prices were falling, and they broke through that psychological barrier of $800 per tonne on their way down. “That was the


ICE May 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: No floor in sight for overdone canola

'A lot of money playing around in canola right now'

MarketsFarm — The ICE Futures canola market was in freefall mode through the first half of March, hitting its weakest levels in over a year. While the losses may be looking overdone, the bottom remains to be seen. “This has been a brutal drop in canola,” said Bruce Burnett, director of markets and weather with

Cropland in the Overberg region of South Africa’s Western Cape province. (Nini/E+/Getty Images)

South African plan to allow land expropriation fails to pass

Constitutional amendment defeated by ruling ANC's opponents on both sides

Johannesburg | Reuters –– A proposal to change South Africa’s constitution to explicitly allow expropriation of land with no compensation failed to win the two-thirds of parliamentary votes that it needed on Tuesday. Lawmakers debated whether to change Section 25 of the constitution to enable authorities to seize land to address racial land inequalities left


(UrosPoteko/iStock/Getty Images)

Short-sellers circle cannabis stocks as profits dwindle

New York | Reuters — Wall Street’s love of cannabis appears to be going up in smoke as vaping-related ailments and missed revenue projections are prompting short sellers to raise their bets against the industry, fund managers and analysts said on Wednesday. Short interest in cannabis stocks, which reflects bets that prices will fall, has

(Leg.bc.ca)

B.C. Greens seek limits on foreign ownership of farmland

The party holding the balance of power in British Columbia’s legislature wants to curb foreign ownership of farmland in the province’s Agricultural Land Reserve (ALR). Green Party leader Andrew Weaver on Thursday introduced the Property Law Amendment Act as a private member’s bill, which he said “would prohibit foreign entities from purchasing ALR land over


(CIA.gov)

Switzerland asks voters not to ban farm derivatives trade

Zurich | Reuters –– Switzerland’s government on Tuesday urged voters to reject a campaign to ban trading in agricultural derivatives, saying the well-meaning attempt to alleviate world hunger would not succeed and only jeopardize Swiss jobs and tax revenue. The “No Speculation with Food” initiative is subject of a binding referendum on Feb. 28 under

Price bubbles and commodity markets

Athoughtful new paper from researchers at the University of Illinois marks a significant step forward in research on how commodity futures prices are formed. Until recently, the academic and policy debate about futures price formation has been locked in an acrimonious and polarized standoff between market fundamentalists, who insist all price moves reflect supply-and-demand fundamentals,


Hedge funds get bullish on corn and natural gas

Hedge funds and other big speculators raised their bullish bets on U.S. commodities for the first time in five weeks, piling mostly into natural gas and corn due to favourable supply-and-demand situations, trade data showed Mar. 15. Natural gas saw close to $2 billion worth of new net long contracts by the so-called money managers

French bank suspends agricultural fund

Reuters / BNP Paribas, France’s No. 1 listed bank, has suspended a 160-million-euro ($214-million) agricultural commodities fund after international aid group Oxfam criticized French banks for speculating on food prices. “We are suspending subscriptions,” a spokeswoman for BNP said of its Parvest World Agriculture fund, explaining the move as part of the bank’s policy on