Canola basis levels in Western Canada have been fairly unattractive and stable of late, but one analyst believes there could be a narrowing within the next month or so. Mike Jubinville, president of Pro Farmer Canada in Winnipeg, said it looks as though basis levels could begin to narrow once the calendar hits mid-June and
Canola basis levels to fluctuate
Feed wheat to decline with ample stocks, low demand
The price of feed wheat across the Prairies has been holding steady of late, but according to one analyst, values may be set to decline. Gerald Snip of Market Place Commodities at Lethbridge, Alta. said there are a number of factors likely to contribute to a drop in values , and one such factor is
Low flax stocks don’t mean immediate price hike
Canada’s flaxseed stocks are expected to be very tight by the end of the current crop year and should remain that way through 2011-12, but one analyst doesn’t believe that will lead to an immediate jump in cash prices. Agriculture and Agri-Food Canada has reported end-of-year flaxseed stocks will be just 90,000 tonnes at the
Too early to write off Manitoba corn acres
High prices have persuaded Manitoba producers to plant more acres to corn this year, according to the latest Statistics Canada report, but wet conditions and flooding may restrict how much in fact goes into the ground. In its April 26 planting intentions report, StatsCan announced Manitoba producers intended to plant 190,000 acres to corn in
Canola crush margins edge lower
After rallying early in 2011, canola crush margins have declined as the Canadian dollar has soared past the US$1.05 level during the first third of the calendar year. Ken Ball, a broker with Union Securities in Winnipeg, said the strength of Canada’s currency has a significant impact on canola crush margins. “Every cent off the
Manitoba sunflower acreage to plummet
With many producers planning on seeding large amounts of canola and wheat this spring amid historically high prices, the crop that appears to be taking the largest hit in Manitoba because of this is sunflowers. In the 2011 planted area intention report from Statistics Canada released Tuesday, the government agency said only 65,000 acres are
Plenty of wheat and canola to be seeded: StatsCan
Producers in Canada are expected to seed a lot of wheat and canola in 2011, according to the spring planting intentions report Tuesday from Statistics Canada. One of the crops expected to see a significant increase in acreage this spring is canola, but Mike Jubinville of Pro Farmer Canada in Winnipeg said he expects to
Only poor-quality chickpeas available to be bought
Kabuli chickpeas have seen an increase in price over the past week, as values have found strength from a lack of good-quality supplies. “There isn’t a lot of good product left in Canada for this year,” said Les Aubin of Walker Seeds at Tisdale, Sask. “If regular buyers are going to take anything, they need
Acreage increases expected in many crops
Canadian farmers are looking at the 2011 growing season as an opportunity to take advantage of historically high prices, and as a result, acreage on many crops should see an increase from 2010, according to trade estimates ahead of the Statistics Canada planting intentions report due out Tuesday (April 26). Ron Frost of Frost Consulting
Strong Bison Prices Attractive To New Producers
Canada’s bison herd could be on the verge of a rebound as higher prices attract new entrants, the president of the Canadian Bison Association says. Mark Silzer said the surging prices have given producers looking to exit the business the perfect chance, and as a result, volumes are likely to be lower in this May’s
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