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Ted Menzies Named New CropLife Canada President

By Amanda Brodhagen, Farms.com

Ted Menzies will soon be taking the reins as president and CEO of CropLife Canada, effective Jan. 1, 2014.

Menzies recently exited public life when he announced last Wednesday, Nov. 6, that he would be resigning his seat as Member of Parliament for the Alberta riding of Macleod. He was first elected in 2004, and held several positions including, Federal Minister of State for Finance, and Parliamentary Secretary to the Minister of Finance.  

Prior to entering federal politics, Menzies was a cash crop farmer and operated a 5,000-acre farm where he grew grain, oilseeds, pules and spices. He was also involved in several farm commodity groups including, the Canadian Agri-Food Trade Alliance, Grain Growers of Canada and Western Canadian Growers Association.

“As a farmer, I have always been interested in how technology can improve operators,” Menzies said in a release. Menzies said he is “excited” to start the next chapter of his career. In the new year, he will lead the trade association, which represents the plant science industry in Canada.
 


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Funds Ditch Ag Commodities, Chase Stocks Amid an End to Middle East War, & Trade Deal Buzz

Video: Funds Ditch Ag Commodities, Chase Stocks Amid an End to Middle East War, & Trade Deal Buzz


The 12-day war between Iran-Israel came to an end sending crude oil futures plunging as the big fund speculators removed the war risk premium.

The weather risk premium in the Ag complex is sending corn, wheat and soybean futures lower on month-end selling ahead of the market moving USDA quarterly grain stocks and acreage reports on June 30th.

Instead, funds were chasing and sending tech stocks higher with the S&P 500/NASDAQ indexes setting new all-time record highs!

June 1 USDA Hogs and pigs report was slightly bearish while the U.S. $ Index traded to new contract lows as the de-dollarization that began in 2014 continues.

Feed in the form of soybean meal futures for livestock producers got cheaper, trading to new contract lows.

The Stats Canada seeded acreage update was bullish canola and wheat.