A total of 5.11 million tons of canola have been crushed in Canada as of June 8 in the 2010-11 crop year, according to the Canadian Oilseed Processors Association. That number is an all-time high and there are six weeks still left in the crop year. The previous high was set last year, when 4.79
Expect another crush record in 2011-12
Time to sell feed barley, analyst suggests
The price of feed barley has been trending higher throughout the spring and into seeding time, but one industry analyst said the market may soon start to back off. Gerald Snip of Marketplace Commodities at Lethbridge, Alta., said a lack of deliveries from producers has been behind the increase in price, but that could change
Lack of wheat drives up prices from ethanol plants
Prices for feed wheat in Western Canada having seen a significant jump throughout the first half of 2011, thanks in large part to strong demand from the ethanol sector. In the middle of November, Husky Energy’s plants at Minnedosa, Man. and Lloydminster, Sask. were paying producers $4.25 and $4.55 per bushel respectively for feed wheat
Crush margins gain strength with crop concerns
Canola crush margins have seen some upward movement over the last week, thanks in large part to the seeding concerns across the Canadian prairies. Canola crush margins for July were bringing $86.48 per ton as of June 6, according to ICE Futures Canada. That compares with $77.67 per ton a week ago, and $78.22 per
Flax moves higher on account of poor weather
Like many other grains and oilseeds, flaxseed bids in western Canada have been gaining strength over the last little while. Richard Zacharias, general manager of Prairie Flax Products at Portage la Prairie, Man., said poor spring planting conditions have been the catalyst for the price advance, with many parts of Manitoba and Saskatchewan being excessively
End of Russian export ban seen having minimal impact
After not allowing grain to leave the country for almost 11 months, Russia is set re-open its export market July 1, bringing with it fears that some business will be lost in Canada and the U.S. Russia has said it will begin exporting grain again on July 1. “Last year’s crop was a historic disaster,
Prairies’ winter wheat crop and acres falter
The wet and late spring that hit the eastern part of Canada’s Prairies has hurt the progress of the area’s winter wheat crop. “I have seen very little winter wheat out of the ground. There is nothing I can see around here, or in the more southern parts of the province,” said Jake Davidson, executive
Floods Spur More Cattle, Fewer Buyers To Markets
The high Assiniboine River has not only caused a number of citizens to evacuate their homes in southern Manitoba, but also forced one Manitoba cattle auction mart to cancel its sale during the week ended May 16. Heartland Livestock Services, whose Brandon location is just south of the Assiniboine River, decided it was in its
Oats analyst suggests it’s time to sell some oats
Although oat values on the Chicago Board of Trade (CBOT) have been trending upward — albeit slightly — over the past couple of weeks, one analyst said producers on Canada’s Prairies should be thinking about selling some of their product before values decline. Ryan McKnight, a grain merchant with Linear Grain at Carman, Man., said
Manitoba’s potato crop seen surviving flood
The rising Assiniboine River is expected to take out significant potato acreage around Portage la Prairie, but one industry official said the overall effect on Manitoba’s crop would be minimal. Brian Wilson, a potato specialist with Manitoba Agriculture, Food and Rural Initiatives at Carman, said there would obviously be some producers who would be affected,
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