The reason farmers sought market power back then

The following contains excerpts from comments to the recent Fields on Wheels conference by Paul Earl, who has a PhD in history and is acting director of the University of Manitoba’s Transport Institute. Earl spent many years working for United Grain Growers and the Western Canadian Grain Growers Association lobbying the federal government to end

Regulations, farmer voice needed in post-CWB monopoly world

Two vocal advocates for deregulating Western Canada’s wheat marketing are now suggesting farmers need a strong voice and new regulations to protect them from the open market. While free enterprise is the best economic system, it only works when transactions are voluntary and there is true competition, Paul Earl, a former lobbyist against the Canadian





Drought across the globe reducing grain stocks

Reuters / Food prices have eased slightly but this year’s droughts in key producer regions from the Black Sea to the U.S. Corn Belt are keeping cereal stocks at low levels, says a new report from the United Nations’ food agency. “This season’s world cereal supply-and-demand balance is proving much tighter than in 2011-12 with

Italy to launch durum wheat futures contract

Reuters / Borsa Italiana is set to launch Europe’s first futures market for durum wheat in November to cater to demand from the continent’s Italian-led pasta makers, but building sufficient trading volumes will be a challenge, traders say. Grain futures generally take a long time to attract a large trading base, and the minimal volumes


Western grain system humming so far this crop year

Canada’s grain-handling and transportation system performed above average during the first 13 weeks of the new crop year, but it’s too soon to tell if there’s a connection with ending of the Canadian Wheat Board’s monopoly, according to Mark Hemmes, president of Quorum Corporation, the firm hired by the federal government to monitor system performance.

Why were canola yields down?

Has canola turned into a wimp or were 2012’s lacklustre western Canadian yields due to poor weather, diseases, insects and pushed rotations? The Manitoba Canola Growers Association (MCGA) hopes to find out later this month when it meets with the life science companies that produce new canola cultivars, MCGA director Ernie Sirski told the Keystone



Canola futures see downward price action

Canola futures on the ICE Canada platform experienced some weakness during the week ended November 9 with the bearishly construed USDA supply-demand balance tables for soybeans encouraging some of the downward price action. A larger-than-anticipated U.S. soyoil ending stocks estimate from the USDA added to the bearish sentiment in canola. The unloading of positions by