Canada’s Wheat Board, which once held a monopoly on export sales of wheat, will be bought by Bunge Ltd. and state-owned Saudi Agricultural & Livestock Investment Company (SALIC), which will acquire a 50.1 percent stake in CWB through a joint venture,
The CFTC has lodged some interesting allegations against Kraft Food that could have implications for market regulation. “If what the CFTC alleges is true, it kind of challenges the integrity of the entire market,” according to one source cited. “It’s normally the speculative players who get the bad reputation.”
Russian domestic wheat prices have fallen, squeezing farmers who are finding it hard to get this year’s inputs. Some are exiting the business. It could mean a smaller crop and fewer exports in 2015/16.
The failed sale shows how unattractive U.S. grain is to buyers with the dollar near the highest level in more than a decade and ample global inventories.
