The CWB isn’t the only grain company forced to figure out how to get product to customers under an open market. Louis Dreyfus Canada owns one port terminal, but it is in Port Cartier, Que., on the Gulf of St. Lawrence, a long way from its western Canadian elevator network. As a result, the grain […] Read more
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Dreyfus may offer example to CWB
Changes coming to CIGI will create new revenue
Working with private sector | New service fees and contracts should bolster agency’s budget, says CIGI executive director
The Canadian International Grains Institute will soon be generating more revenue through service fees and contracts with private sector grain companies and industry groups. Earl Geddes, the institute’s executive director, said revenues from commercial business deals and fee-for-service arrangements will almost certainly increase after Aug. 1. “We’re going to see quite a few changes in […] Read moreLouis Dreyfus plans to spend billions on global expansion
$7 billion | Louis Dreyfus could acquire further Canadian holdings: economist
One of the main players in Canada’s grain industry may be poised for expansion. Louis Dreyfus Commodities is embarking on a $7 billion global spending spree. Serge Schoen, chief executive officer of the privately held grain firm, said in a rare interview with The Financial Times that spending over the next five years will be […] Read moreAlberta Barley Commission assumes check-off duties
Grain farmers will see changes in how wheat and barley checkoffs are collected in Western Canada after Aug. 1. However, the amount they pay to support wheat and barley research will remain the same. Federal agriculture minister Gerry Ritz announced May 22 that the Alberta Barley Commission will begin administering a new generation of wheat […] Read more
Farmers left short on camelina contracts
More pay coming | Great Plains owner vows to pay outstanding amounts owed to producers in 60 days
A main player in the camelina industry is again reneging on contracts it signed with growers. Great Plains — The Camelina Company has run into financial difficulties preventing it from fully reimbursing producers for crop they contracted with the company in 2009 and 2010 and grew in 2010 and 2011. Dan Gray, a farmer from […] Read moreCPR trains expected to be back on track before the end of May
Federal government orders workers back Ports, grain handlers welcome news as week-long strike ends
Farm groups and grain handling companies welcomed a federal government decision earlier this week to introduce legislation forcing nearly 5,000 striking employees at Canadian Pacific Railway back to work. Federal labour minister Lisa Raitt introduced back-to-work legislation in the House of Commons May 28, five days after conductors, engineers, yard workers and rail traffic controllers […] Read moreFarm debt up $4 billion
Canada’s farm debt rose by more than $4 billion last year despite record commodity prices and farm receipts, says Statistics Canada. It was a six percent increase from the previous year. The $69.6 billion debt marked the 19th consecutive year that farm debt has increased in Canada, almost tripling since the last year of debt […] Read more
Oilseeds have best rally potential: analysts
No severe shortages yet Economic problems depress commodities, weather causes uncertainty
After the recent fall in canola and soybean prices, the smart money is still on the vegetable oil crops to have the biggest chance of a rally this summer. Analysts tend to think wheat prices could pop up if emerging production problems reduce world supplies. However, few see much reason for feedgrains to rally unless […] Read moreRaise food security by tackling poverty, not ag policy: CFA
Disagrees with UN report | Local food for niche markets often carries a premium price
Canadian Federation of Agriculture president Ron Bonnett had his doubts when he heard a United Nations food security advocate complain about Canadian food insecurity in the midst of plenty. The northwestern Ontario cattle farmer was not challenging the argument that many Canadians lack access to affordable food. He was challenging the conclusion that part of […] Read moreWheat outlook improves as surpluses shrink
A grain market analyst says wheat prices are approaching the point where farmers should consider locking up a sizable portion of their anticipated harvest. Prices rebounded earlier this month in response to reports of poor crops in the Black Sea region and the European Union and trouble with the winter wheat crop in Kansas. “We’ve […] Read more
