(Resource News International) — Canadian canola crush margins have seen steady improvements over the past week, as canola futures have moved lower, but the product values have held firm. Weakness in the Canadian dollar also contributed to the strength of the margins. Ken Ball, a grain broker with Union Securities in Winnipeg, said canola has
Canola crush margin impressively high
Funds holding large positions in canola
(Resource News International) — As the month of October approaches, the traditional commodity funds are holding large long positions on the ICE Futures Canada canola market, as are the speculative index funds. There has been next to no rolling on contracts from November to January. Keith Ferley, commodities and futures advisor with RBC Dominion Securities
Mustard seed market not pleasing producers
(Resource News International) — Mustard seed producers across the Prairies are having a difficult time getting excited about the market for their product. Patrick Ackerman, chair of the Saskatchewan Mustard Development Commission, said the feeling among farmers is a negative one. “The price of mustard compared to canola is not at the ratio it needs
Dry weather needed for flax harvest
The only flax to come off prairie fields so far this harvest has been in eastern Manitoba. Paul Martens, flax co-ordinator with Prairie Flax Products in Portage la Prairie, Man., said the rest of the Prairies continues to be too wet. “If the weather was to smarten up in Saskatchewan, they could probably start
Difficult harvest increases feed wheat supplies
Adverse harvest conditions across the Canadian prairies is pointing to large volumes of feed wheat around this winter. Gerald Snip, a grain trader with Market Place Commodities in Lethbridge, said most of Alberta and Saskatchewan are having big problems getting the crop off. “It’s just too wet to even get the combines on the field
Manitoba corn seen strong as U.S. prices rise
(Resource News International) — Corn producers in Manitoba are looking at very high prices for their product, thanks in large part to what’s been happening south of the border. Eldon Dueck, corn production manager with Linear Grain at Carman, Man. said the corn market on the Chicago Board of Trade (CBOT) has affected the Manitoba
Prices seen improving on Canadian cattle
(Resource News International) — Cattle producers in Canada have seen steady increases in prices for new calves over the last year, and values should continue to hold these levels at least in the short to medium term. Herb Lock of Farm Sense Marketing in Edmonton said prices have been much better this year for new
India worried about Sask. lentil harvest
(Resource News International) — With the frequent rains and cool temperatures delaying both harvest operations and crop maturity, lentil producers in Saskatchewan are frightened their lentil crop will be severely damaged. Canada’s Agriculture Minister Gerry Ritz was joined in New Delhi by Pulse Canada CEO Gordon Bacon as part of a trade mission this week
Oat market looking strong
(Resource News International) –– Even though harvest conditions aren’t what oat producers have been asking for, prices should be strong for the supplies that do eventually come off the field in Western Canada. Oat prices have been going up over the last while across the Prairies. Terry Tyson, commodity procurement manager at Grain Millers Canada
Canola basis widening
(Resource News International) — The canola basis price has been widening of late, with buyers having ample product at the moment. Errol Anderson, president of Pro Market Communications in Calgary, said there are a number of factors contributing to the current trend in market. “The strengthening of the Canadian dollar isn’t good, with the Bank
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