Grain Growers of Canada welcome new marketing opportunities

Apr 17, 2015

Response comes after the sale of the Canadian Wheat Board

While there are mixed reactions throughout Canada about the federal government’s recent majority sale of the Canadian Wheat Board (CWB) to Saudi and American companies for $250 million, Grain Growers of Canada are excited about the new opportunities it brings to them.

“Grain Growers have long supported the return to marketing freedom for Canadian grain,” said Gary Stanford, GGC President. “We welcome the CWB's role in the Canadian commercial grain trade and believe that this next stage in the life of the organization will help enhance competition and choice for farmers.”

G3 Global Grain Group, who made the purchase, will operate 50.1% of the Canadian Wheat Board and the leftover 49.9% will be kept in trust for the other farmers who supply the board with their grains.

The fact that some grain will still be supplied to the Canadian Wheat Board is good news according to the Grain Growers because it will give grain farmers across the country more choice when marketing their products.

“Grain farmers across western Canada can look forward to working with CWB in an open market environment”, Stanford said.

The sale of the Canadian Wheat Board was a long journey.

On October 28, 2011, the Marketing Freedom for Grain Farmers Act was introduced and passed on December 11, 2011 before the sale was made official on April 15, 2015.

Join the conversation and tell us your thoughts about the sale of the Canadian Wheat Board. Do you think its good news for wheat farmers going forward?

Wheat

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!

June 1st conservation compliance deadline approaching

USDA says number of organic producers is at an all-time high