Reflections on the new age of grain marketing

Now there are a few months under our belts, just how accurate were those horror stories about grain marketing post-CWB monopoly?

Much has been written about how farmers will market their grains in the post-single-desk world. Horror stories abound about how the grain companies won’t take the CWB contracts until they have filled their own, pools won’t reflect fair market prices, and farmers won’t have the expertise to market in the new climate. Now that we



Speculators raise wheat short to record high

Large speculators raised their net short position in Chicago Board of Trade wheat futures and options to a record high amid ample stocks at a time of increased interest in the export market, regulatory data showed Feb. 24. The non-commercial traders, a category that includes hedge funds, cut back on their bullish bets on corn



Bank Of Canada Wary Of Commodity Market Reform

World leaders should proceed with caution in efforts to crack down on speculation in commodity markets and must first understand what is causing prices to rise, the Bank of Canada said Feb. 10. French President Nicolas Sarkozy, who is chairing the G20 this year, has put reform of the commodity derivatives market near the top

FAO Head Wants New Commodity Rules

Market deregulat ion since 1999 has fuelled speculation on commodities markets, and that needs to be corrected to curb food price volatility, the head of FAO said Feb. 3. “We have created an environment that allows pure speculation,” FAO director general Jacques Diouf told Reuters Insider. “This is something that would require the necessary corrections


EU Executive Pledges Curbs On Commodity Speculators

The European Union’s execut ive announced plans Feb. 2 to tackle speculation in commodities with new controls on trading to stop runaway prices for grain and energy. Spiralling food prices, which helped spark deadly riots that brought down the ruling regime in Tunisia, have prompted Middle Eastern neighbours to stockpile grain. Rising commodity prices have

EU Seeks Curbs On Food And Energy Speculators

The European Commission unveiled plans on Dec. 8 to clamp down on speculators in commodities and combat insider trading and manipulation of gas and power markets as it sought to catch up with Washington’s tough regime. The EU’s financial services chief, Michel Barnier, and its energy commissioner, Guenther Oettinger want traders to disclose buying and


EU Targets Market Speculation – for Sep. 23, 2010

BRUSSELS/PARIS/REUTERS The European Commission is taking aim at growing speculation and volatility in commodity markets, using its plan to reform wider financial markets, just as EU grain futures hit contract highs Sept. 20. Michel Barnier, the European Commissioner in charge of financial reform services, said at a conference that he wanted to use a planned