The death of the Canadian Wheat Board lead to a reduction in the volume of economic research — expert-based studies — undertaken in the producer interest since 2012.
Tag Archives grain marketing
Grain trader Viterra in talks to merge with rival Bunge – source
Global grain trader Viterra is in talks to merge with U.S. rival Bunge Ltd, according to a person familiar with the matter. There is no certainty that Viterra, part-owned by Switzerland-based mining and trading giant Glencore, will be able to reach an agreement on the terms of a deal, the source said, requesting anonymity as […] Read more
‘A bad plan is better than no plan’
Farmers need to know how they will sell, when they’ll sell, what methods they’ll follow and the information they’ll need
Farmers looking to hedge against fluctuations in the market have a dizzying array of possibilities. According to management consultants at StoneX Financial, there are ways to best develop a rock-solid grain marketing plan that fit with an operation’s goals to maximize hedging while tracking expenses and providing structure. “Even a bad plan is better than […] Read more
Grain marketing about planning for the worst and hoping for the best
Low yields and high prices are grain marketing themes these days. A few questions on farmers’ minds seem to be: Is it time to hold or sell? Which marketing advisers should I trust? What rotational considerations will I take into account for next year given the widespread drought? While a marketing plan can’t solve a […] Read more
Feds extend comment time on deferred cash grain tickets
The federal government is giving the Canadian grain industry another two months to voice their opinions on deferred cash grain tickets. On May 23, the federal finance department issued a statement confirming that the public consultation period on deferred cash purchase tickets for grain would be extended to July 24, 2017. The initial deadline had […] Read more
Growers with quality issues urged to hone marketing skills
The Alberta Wheat Commission encourages growers to get a good handle on the quality of wheat they’re selling before pulling the trigger on delivery. AWC chair Kevin Auch told The Western Producer last week that wheat quality will be highly variable this year, adding that growers should look beyond grade and familiarize themselves with all […] Read more
Due south: grain shipments head to the U.S.
Prairie producers are making it a habit to head south of the border to sell their grain, according to the federal grain monitor
Trucking grain from Western Canada to the United States is on the rise and likely to continue, says the company that monitors prairie grain handling and transportation. About 3.2 million tonnes of prairie grain were trucked to U.S. buyers in 2014-15, almost double the amount in 2012-13. “You can see this is slowly growing,” said […] Read moreBetter price transparency worthy goal
For generations, western Canadian farmers marketed their grain by hauling it to the local elevator as it was called in. The Canadian Wheat Board largely controlled when this happened and at what price. However, it’s a different story today. Unlike financial markets, the energy industry and other established sectors of the Canadian economy, the grain […] Read more
Expensive identity preserved grain fails to attract buyers
End of the CWB monopoly did not spark more IP sales, due to the hefty premium charged for handling
Carsten Bredin thought the end of single desk grain marketing in Canada would be the beginning of a new era of identity preserved sales of wheat and durum. He was wrong. “That was my expectation and we were excited by that,” said the vice-president of grain merchandising with Richardson International. “For many, many years we […] Read moreAre farmers losing cash, marketing edge post CWB?
An interview I did last week reopened the question of whether farmers have lost a crucial marketing and money-making edge that their wheat and other grains once gave them. The interview was with marketers of Canadian grain to West Africa, who noted the same problems and upset over Canadian grain quality and consistency that was […] Read more
