France to seek September grain talks if crisis looms

paris / reuters France will convene in the first half of September a rapid reaction forum of G20 countries if upcoming data on grain markets points to serious tensions following drought in the United States and Russia, a Farm Ministry official said July 30. The French government announced July 28 it was ready to call

USDA opens idle land for livestock feed

washington / reuters / U.S. farmers facing the worst drought since the 1950s can use environmentally fragile land for livestock feed, the U.S. Government said July 23, as it also asked crop insurers to give growers more time to pay premiums. Agriculture Secretary Tom Vilsack announced those steps during a teleconference from Iowa and called


OUR HISTORY: July 12, 1973

The back page of our July 12, 1973 issue featured a full-page ad for an institution and an event which have passed into history — Manitoba Pool Elevators and the wheat board permit book. The same applies to the subject of the front-page photo — an aerial view of the new Co-op Implements manufacturing plant

CFTC allows CME to open early for crop reports

chicago / reuters / The Commodity Futures Trading Commission approved the Chicago Board of Trade’s plan to start open-outcry grain trading early on days the U.S. government issues major agricultural reports, a commission spokesman said June 11. CME Group, owner of the CBOT, told the CFTC it wanted to start pit trading at 7:20 a.m.


ADM worried about soybean supplies

Archer Daniels Midland Co. is “very concerned” about the potential for low U.S. soybean supplies due to a shift toward corn plantings, said Craig Huss, chief risk officer. Farmers are expected to increase corn plantings to a 75-year high this spring to take advantage of high prices, and to plant fewer acres of soybeans than



Canada counter-appeals COOL ruling

staff / A World Trade Organi-zation panel’s ruling criticizing the U.S. government’s country-of-origin labelling (COOL) law is now under appeal from both sides of the table. The WTO last week reported receiving formal notice that Canada, like the U.S., plans to appeal parts of last November’s ruling from the WTO Dispute Settlement Body (DSB). The

IGC sees record maize crop in 2012-13

Global maize production is projected to rise to a record 900 million tonnes in 2012-13, outstripping demand for the first time since the 2008-09 season, the International Grains Council said April 2. The IGC, in a monthly report, also cut its forecast for the global maize stocks at the end of the 2011-12 season following


The virtues of patient capital

The story of the Prairie grain co-operatives is certainly one for the business books. Starting from nothing in 1923, by 1929 the Pools through the Central Selling Agency had the largest sales of any business in Canada. A year later it collapsed, but the Pools rose again as handling companies, and along with UGG, dominated

U.S. appeals WTO ruling on COOL

The Obama administration has dashed hopes for a rational settlement in the dispute with Canada and Mexico over a WTO ruling criticizing Washington’s mandatory country-of-origin labelling rules. A spokeswoman for the U.S. Trade Representative’s Office announced March 23 that the U.S. would appeal the decision. It waited until almost the last minute to go the