Certification To comply, a supplier’s entire supply chain must meet the European standard for sustainability
Reading Time: 2 minutes A major Prairie canola processor that’s certified to crush “sustainable” feedstock oils for the European biodiesel market has set up a program to certify its canola growers. ADM (Archer Daniels Midland) Agri-Industries at Lloydminster, Alta. has launched what it’s dubbed the Sustainable Grower Program, following its own certification through International Sustainability and Carbon Certification (ISCC). […] Read moreADM offers EU canola program
New ICE wheat contract will struggle
Liquidity A Winnipeg contract may have trouble competing with the established spring wheat market in Minneapolis
Reading Time: 2 minutes The outlook for the new ICE Future Canada’s wheat futures market isn’t great, according to Neil Townsend, the Canadian Wheat Board’s North American market analyst. The long-running spring wheat futures market in Minneapolis didn’t get enough business before the Winnipeg market launched in January, he said. As a result, Minneapolis wasn’t “liquid” enough — a […] Read moreCWB officials promote pools at grower meetings
Reading Time: 3 minutes While the Canadian Wheat Board had its monopoly, some farmers complained getting a “good, average price” for wheat wasn’t good enough. But in the coming open market, the board is betting lots will think that’s pretty good. “The average of the market through a pooling operation does actually return people the best value, overall, over […] Read more
Western Canadian flaxseed prices edge higher
Reading Time: 2 minutes Western Canadian flaxseed cash bids have advanced in the past month, with fresh export demand along with tight supply concerns contributing to the firmness, said an industry participant. “The Chinese market has really helped out western Canadian flax prices this year,” said Chuck Penner, an analyst with Left Field Commodity Research in Winnipeg, Manitoba. The […] Read more
Tit for tat: U.S. farmers may want to ship to Canada
Reading Time: 3 minutes Canada is considering changes to its wheat quality-control system making it easier for American farmers to ship wheat north of the border after the Canadian Wheat Board loses its monopoly Aug. 1. “We are working on an initiative that will see the grading systems more in parallel,” Agriculture Minister Gerry Ritz told reporters Feb. 24 […] Read more
Canola cools off as crushers curb demand
Reading Time: 3 minutes Canola futures on the ICE Futures Canada trading platform managed to hold on to small gains during the week ended March 2. Fresh export demand from Mexico, along with some pretty good chart-based speculative demand, facilitated the upward price action. Concerns about dry conditions heading into spring seeding on the Prairies helped to influence some […] Read more
Breakaway gap alerts of counter-seasonal soybean rally
Reading Time: 3 minutes On December 19, 2011, a breakaway gap materialized, alerting soybean producers and traders alike to a sudden change in the price direction of the soybean market. In fact, this gap not only confirmed an end to the downward price spiral, but it marked the beginning of a counter-seasonal rally, with soybean prices rallying $1.65 per […] Read more
Wheat board rolls out first details of farmer contracts
Reading Time: 2 minutes Canadian Wheat Board staff are meeting with farmers across the Prairies to explain how the CWB will work with them after the monopoly ends Aug. 1. The wheat board will offer pools that cover most of the crop year, similar to those offered in the past, as well as shorter pools and cash and deferred […] Read more
Cargill first to sign handling agreement with CWB
Reading Time: 2 minutes Cargill has become the first Prairie grain handler to commit elevator and port terminal space to an overhauled CWB. The deal, announced March 1, marks CWB’s first for grain-handling services since the federal government moved to wind down the former Canadian Wheat Board’s single marketing desk for Prairie wheat and barley, effective Aug. 1 this […] Read more
Which wheat futures best for open Canadian market?
Reading Time: 2 minutes 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 […] Read more