Insights and Stories on Markets

Dec. 16, 2011 at 5:32 am CST

The Conservative majority in Canada’s Senate, and Canada’s governor general, have passed the bill ordering sweeping changes to the marketing of Western Canada’s wheat and barley. Bill C-18, Agriculture Minister Gerry Ritz’s Marketing Freedom for Grain Farmers Act, passed third and final reading in the Senate Thursday afternoon by a […]

Dec. 16, 2011 at 12:01 am CST

The world’s durum wheat buyers appear set on "rationing" demand as long as possible, pushing durum values down by as much as $22 per tonne in the Canadian Wheat Board’s latest pool return outlook (PRO). World wheat and barley supplies also weighed on prices in the CWB’s latest PRO, released […]

Dec. 14, 2011 at 3:11 pm CST

Farmer directors of the Canadian Wheat Board plan to ask Manitoba’s Court of Queen’s Bench to invalidate the legislation stripping the CWB of its single marketing desk for Prairie wheat and barley. The board’s eight farmer-elected directors will go to court armed with last week’s Federal Court ruling that federal […]

Dec. 13, 2011 at 6:04 pm CST

Chicago pit traders are up in arms against a CME Group plan to use electronic trading to set grain and livestock closing prices, a move they fear will drive another nail in the coffin of open-outcry dealing. CME Group, already under fire from many traders for its delay in getting […]

By ann-saphir, Julie Ingwersen

Dec. 13, 2011 at 5:54 pm CST

Wall Street bank Morgan Stanley lowered on Tuesday its price forecasts for corn, soybeans and wheat, citing better-than-expected global supply and negative market sentiment regarding agricultural commodities. "Counter to our expectations in late September, agricultural prices have weakened meaningfully owing to a string of bearish U.S. data, expectations of better […]

By Reuters