Fears of tight flaxseed supplies in Canada were confirmed by the Feb. 4 stocks report from Statistics Canada, which showed only 453,000 tonnes as of Dec. 31, 2010, as opposed to 843,000 at the same time one year ago. Although total stocks are very low, Chuck Penner of Left Field Commodities in Winnipeg, said the
Tight Supply Of Flaxseed Confirmed
Growers Favour Barley Over Wheat
With wheat showi ng strong returns across Western Canada, it appears producers are showing more interest in wheat than barley “Wheat is garnering a significant portion of the acre increase, barley a little less so at the moment,” said Bruce Burnett, director of weather and market analysis with the Canadian Wheat Board in Winnipeg. Bill
Large, poor-quality lentil stocks to weigh on values
While nearly all crops in Canada saw a loss in stocks from the same time one year ago, lentils were an exception, and a large exception at that. Large supplies, together with the fact much of the stocks are of poorer quality, should weigh on prices and lead to fewer acres this spring. According to
Tight supply of flaxseed confirmed
Fears of tight flaxseed supplies in Canada were confirmed by Friday’s stocks report from Statistics Canada, which showed only 453,000 tonnes in the country as of Dec. 31, 2010, as opposed to 843,000 at the same time one year ago. Although total stocks are very low, Chuck Penner of Left Field Commodities in Winnipeg said
Oat market on the upswing
The value of oats on the Chicago Board of Trade (CBOT) has eclipsed the US$4 per bushel level, and producers in Western Canada hope they can soon see the same type of price. “There’s a strong correlation between Canadian and Chicago (CBOT) oat prices,” said grain merchant Ryan McKnight, president of Linear Grain at Carman,
Wheat to see larger acre increase than barley
With wheat showing strong returns across Western Canada, it appears producers are showing more interest in wheat than barley “Wheat is garnering a significant portion of the acre increase, barley a little less so at the moment,” said Bruce Burnett, director of weather and market analysis with the Canadian Wheat Board in Winnipeg. Bill Craddock,
Canola basis levels steady at the moment
The steadying of canola futures prices on the ICE Futures Canada trading platform in Winnipeg has stabilized canola basis levels. Mike Jubinville of Pro Farmer Canada in Winnipeg said basis levels are fairly decent at the moment, thanks to a solid amount of product in the commercial pipeline. “We currently have 1.5 million metric tonnes
Chickpeas rise on global weather concerns
(Commodity News Service Canada) — Chickpea prices have been trending higher over the past month, with weather problems in some of top-producing nations a key reason for the strengthening of the market. Omer Al-Katib, director of corporate affairs and investor relations with Alliance Grains in Regina, said in an e-mail that production concerns outside Canada
Analyst Says Fertilizer Prices Have Likely Peaked
Rising grain and commodity prices are boosting fertilizer demand. “With prices for corn, soybeans, wheat, and canola all going higher, guys have been more apt to buy fertilizer, and we should see more of it on the land this year,” said David Asbridge, president and senior economist with NPK Fertilizer Advisory Service in St. Louis.
Western Canada Winter Wheat Conditions Somewhat Of A Mystery
The large amount of snow that has fallen across many parts of Western Canada would normally be a good thing for the winter wheat crop. This year, however, it may not be the case. Snow fell so early in the fall that it compounded the already wet soil conditions, said Jake Davidson, executive manager of
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