Conky neither forking to background or transparent

Finally found some time to sit down and rewrite my conkyrc file after they
changed the format. However, I've been unable to get it to appear
transparent and without window controls. Could someone with a bit more
Conky knowledge point me to my errors? Current config:

conky.config={

        alignment = 'top_right',
        background = true,
        update_interval = 1,

        cpu_avg_samples = 2,
        net_avg_samples = 2,
        temperature_unit = 'fahrenheit',

        double_buffer = true,
        no_buffers = true,
        text_buffer_size = 2048,

        gap_x = 7,
        gap_y = 35,
        minimum_width = 360,
        minimum_height = 1000,
        maximum_width = 360,
        own_window = true,
        own_window_class = 'conky',
        own_window_argb_visual = yes,
        own_window_argb_value = 0,
        border_inner_margin = 0,
        border_outer_margin = 0,
        border_width = 1,

        draw_shades = true,
        draw_outline = false,
        draw_borders = false,
        draw_graph_borders = true,

        override_utf8_locale = true,
        use_xft = true,
        font = 'DejaVu Sans Mono:size=10',
        xftalpha = 0.5,
        uppercase = false,

        };

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