Canola futures have moved sharply higher over the past month, which is partly due to funds covering their short position
Managed money funds have been slowly lifting their short position in grain and oilseed futures markets, according to data from the Commodity Futures Trading Commission’s latest commitments-of-traders report. During the week ending Oct. 29, funds had bought back a total of 53,756 corn contracts, leaving them with a position of 17,703 contracts net short. The […] Read moreTag Archives Grain
Viterra-Bunge deal not a surprise for industry watchers
Viterra and Bunge are merging operations in a deal where Viterra shareholders are receiving $6.2 billion worth of Bunge shares and $2 billion of cash.
Farmers embrace flexible transition
Past experience shows farm family that not all successful transitions are written down but also rely on good relationships
Farm transition plans are important, but they shouldn’t be set in stone, said Peter Smerychynski, who took over the farm from his parents and is welcoming his son, Konnor, into the family farm. “A real progression plan was not formal with us. It was an understanding. It turned out better than the formal stuff,” said […] Read more
Ukraine’s 2021/22 grain exports reach 2.5 mln tonnes
KYIV, July 30 (Reuters) – Ukraine’s grain exports rose to 2.47 million tonnes in July, the first month of the new 2021/22 July-June season, up 136,000 tonnes from a year earlier, agriculture ministry data showed on Friday. That included 694,000 tonnes of wheat, 821,000 tonnes of barley and 939,000 tonnes of corn, the data showed. […] Read more
Railways insist they are prepared for winter
Government required capital spending justification for optimism
Canada’s major railways have filed their winter contingency plans as required by law. Since a new law was passed in 2018, Canada’s major rail companies are required to publish winter plans and can be forced to pay up if they fail to deliver on certain promises of rail cars. That law came into effect after […] Read more
Organic company gives Sask. elevators new life
An American company that buys organic and non-genetically modified crops has bought two small elevators in Saskatchewan. Pipeline Foods LLC, which identifies itself as a supply chain solutions company focused exclusively on non-GM and organic food and feed, said it is buying elevators in Wapella and Gull Lake. Wapella, a 3,500 tonne facility, and Gull […] Read more
Grain trains: New models are bigger, haul more
1. They’re lighter
The new generation of grain train is not your daddy’s grain train. There are many differences, but two of the biggest changes are: Railways are running longer trains. New hopper cars can carry more grain. Eventually Canada’s government owned fleet of grain hopper cars will be replaced, and when they are, crop movement will become […] Read more
Russian action to buoy grain prices
Political and economic turmoil, including export taxes, expected to influence global grain supply
Political and economic instability in Russia should prop up the wheat market for the next several months, says a CWB markets expert. The effect could persist into the 2015-16 crop year. Russia followed up months of speculation by imposing export duties on wheat in late December to help lower domestic bread prices and minimize the […] Read more
Durum shakes market volatility
WINNIPEG — The volatility in the global wheat market in recent weeks has largely bypassed durum, which has seen its premiums over hard red spring wheat erode slightly in Western Canada. “Durum does what it wants, when it wants,” said a Saskatchewan-based durum broker, who noted that the recent strength in Canada Western Red Spring […] Read more
UPDATED: Railways install new systems for allocating grain car orders
CN and CP Plans,including dedicated service for large grain shippers, aren’t enough to quell criticism from federal ag minister
UPDATED: Friday November 28, 2014 – 12:15 CST Canadian Pacific Railway has released additional information about recently implemented changes to its rail car allocation system. Officials with CP say one of the key elements of the company’s new car allocation system is a dedicated train program that allows large shippers more flexibility to control their […] Read more
