Initial payments boosted | New cash-out option is an attempt to increase cash flow from CWB pools
Farmers who market their crops through the CWB after Aug. 1 will receive a bigger up-front payment for the grain they deliver. The wheat board announced last week that it will boost initial payments in the 2012-13 crop year and offer farmers a new cash-out option. The moves are an attempt to improve farmer cash […] Read moreTag Archives Marketing — page 3
Get references, check reputation before selling grain
The concern in his voice was palpable. He had been waiting weeks for payment on a load of canaryseed and every time he phoned the company to inquire, he got the runaround. He was worried that he was never going to see his $20,000. Luckily, it was only one load. “Never dealt with this buyer […] Read more
New players join the grain race
With a new grain marketing era beginning Aug. 1, companies are jockeying for position to gain a larger share of the western Canadian grain trade. Several international grain traders have recently opened or expanded operations in Canada while established Canadian Winnipeg-based companies such as Parrish & Heimbecker, Paterson Grain and Richardson International are increasing capacity, […] Read more
Managing durum price volatility
Don’t be relaxed about marketing durum in the post-CWB monopoly environment, say grain traders and risk managers. Durum prices can move violently, and marketing the crop isn’t always easy. “It’s dangerous. It’s extremely dangerous,” Tom DeSmet of U.S. grain company Cenex Harvest States said during the Grainworld conference in Winnipeg. “I don’t think a lot […] Read more
