GFM Network News

Canola production of 26 million tonnes sought by 2025

After producing a record large 17.96 million-tonne canola crop in 2013-14, the Canola Council of Canada (CCC) is looking to further increase Canadian production in the next decade. Introduced Thursday, the council’s new 10-year plan, titled Keep it Coming 2025, targets production of 26 million metric tonnes, with the average yield at 52 bushels per

Logistical issues continue to keep oat prices stable

Despite a large 2013-14 crop, Canadian oat prices continue to remain stable well into the winter as logistical issues moving grain across the Prairies are seen as bullish. “It’s 100 per cent logistics related,” said Ryan McKnight, a grain merchant with Linear Grain at Carman, Man., speaking of current prices. “The contract execution risk is

Flax acres could rise in 2014 if prices stay stable

Despite a larger-than-expected crop, prices for flax in Western Canada continue to be stronger relative to other oilseeds — which observers say could mean another acreage increase in 2014. “I think if anything, the numbers were a little bit higher (than expected), because the yield numbers were a little higher than was anticipated,” said Will

Oat prices stable despite ‘bearish’ StatsCan report

Statistics Canada’s crop production report last week should have been bearish for Canadian oat spot prices, but continued logistical issues appear to have kept prices relatively stable. “It’s shrugged off the outrageously bearish StatsCan numbers,” Ryan McKnight, grain merchant for Linear Grain at Carman, Man. said of the market. “Basis has weakened slightly lower by

Lethbridge barley still in narrow trading range

Lethbridge barley prices have remained in a narrow trading range for most of November, and it’s expected the current range of $180-$185 per tonne will likely continue in the near term. “We’ve been seeing Lethbridge barley remain relatively steady,” said Jim Beusekom, grain broker at MarketPlace Commodities at Lethbridge, noting prices declined heavily earlier in

Mustard spot prices seen steady into 2014

Western Canadian spot prices for mustard are seen remaining quiet, but strong, and current prices aren’t expected to make any major moves higher or lower in the near-term. As of Monday (Nov. 25), Prairie Ag Hotwire has yellow mustard valued at 37 to 38 cents per pound, brown at 36 to 37 cents and oriental