Canola, wheat now neck and neck for acreage

Canola area is seen at 19.4 million acres and wheat will be at 19 million acres Canadian farmers will plant a record-large area to canola this year as they take advantage of attractive prices and dry conditions, the annual Wild Oats GrainWorld outlook conference heard on Monday. Canola area will soar to 19.4 million acres,



U.S. farm co-op buying Canada durum

The largest U.S. grain co-operative, CHS Inc., is buying Canadian durum and looks to bulk up on other crops there to seize the “phenomenal” opportunity left by the end of the Canadian Wheat Board marketing monopoly later this year, a CHS executive told Reuters Feb. 27. In mid-December, a Canadian bill became law that will

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