Grain commission defended

With the Canadian Wheat Board’s monopoly soon to disappear there’s talk of overhauling Canada’s grading and quality control system, which begs the question: is the Canadian Grain Commission (CGC) still needed? “The short answer is yes, there is a need for the grain commission,” chief commissioner Elwin Hermanson said in an interview March 1. “If




Which wheat market best?

The end of the Canadian Wheat Board’s single desk Aug. 1, 2012, will create an increased need for a viable futures market to manage risk and aid in price discovery, said representatives of the Chicago Board of Trade, Minneapolis Grain Exchange, and ICE Futures Canada as they highlighted the benefits of using their respective contracts


Wheat board signs first handling agreement with Cargill

It took awhile, but the Canadian Wheat Board announced its first handling agreement with a grain company last week and promises more to come. “These are important negotiations so we’re working through them carefully and meticulously,” Dave Simonot, the board’s director of Farm Services told farmers attending the Deerwood Soil and Water Management Association’s annual

FCWB launches $17-billion class-action lawsuit

The wheat board’s single desk must stay or western farmers should get $17 billion in compensation for its loss, says a class-action lawsuit launched Feb. 15 against the federal government by four farmers with the Friends of the Canadian Wheat Board (FCWB). It’s the latest salvo in the fight against the Marketing Freedom for Grain





Crops Briefs, Feb. 23

Farmers favouring corn over wheat kiev / reuters / Ukraine is likely to bring in a grain harvest of 45 million tonnes in 2012 — its fourth largest in 20 years — despite a severe drought and cold snap which has hit winter grain crops. “This year’s harvest could total 45 million tonnes thanks to

Expect canola industry to seek even more acres

ICE Futures Canada canola contracts remained pointed decidedly higher during the week ended Feb. 17, showing no real signs of slowing down. Similar gains in the Chicago soy complex did provide some underlying support to the Canadian futures, but canola was also benefiting from its own bullish fundamental and technical factors. Depending on the chart