(Resource News International) — Canola contracts on the ICE Futures Canada platform are expected to undergo some major declines over the next couple of months as acreage ideas climb as in the absence of any production problems. “The sideways to lower grind canola contracts have been experiencing will likely continue over the summer,” said Ron
New-crop canola to see drop as acres climb
Significant seeding progress in Alberta: AARD
(Resource News International) — Favourable weather conditions have allowed producers in much of Alberta to make significant seeding progress, according to a provincial crop specialist Wednesday. Planting of the intended crops in the Peace River region of northern Alberta was complete, while those operations in the east and west-central regions of the province were roughly
China’s restrictions remain on Canadian canola
(Resource News International) — China’s import restrictions on Canadian canola remain intact despite reports to the contrary, according to an official with the Canola Council of Canada. “We’ve heard nothing official in regards to this issue,” council president JoAnne Buth said. Buth was responding to reports late last week from the China National Grain and
Edible bean bids called discouraging
(Resource News International) –– Cash bids for edible beans in Manitoba have been described as discouraging and were reflecting an adequate supply situation as well as the absence of fresh demand. “The prices are discouraging right now, as the buyers are not willing to step up to the plate,” said Frank Reimer with Global Grain
Canadian Flax Exports Up But Prices Are Lower
Cash bids for flaxseed in Western Canada have been holding fairly steady and in some cases, have firmed, due to the fact exports of the commodity are pretty good. Mike Jubinville, an analyst with ProFarmer Canada said there has been surprisingly good movement of Canadian flaxseed to China, but the value at which the product
Northern Alta. nearly done seeding: AARD
(Resource News International) — Dry and seasonable conditions allowed producers in the Peace River region of northern Alberta to make significant seeding progress, according to a provincial crop specialist on Wednesday. “Seeding is virtually complete in most of that area,” said Neil Whatley, a crop specialist with the Alberta Ag-Info Centre at Stettler. The lack
Large supply base deteriorates oat bids
(Resource News International) — A large supply base of oats has been steadily deteriorating cash bids in Western Canada, in a downtrend not expected to end soon. “Oat supplies at the end of the 2009-10 crop year are expected to be the second largest on record,” said Real Tetrault, CEO of Emerson Mills at Emerson,
Few surprises seen in “lame” StatsCan stocks report
(Resource News International) — There were few surprises in the grain and oilseed stocks in all positions report for the period ended March 31, released Monday by Statistics Canada. The numbers were expected to be quickly overshadowed by more dominating news such as the euro-zone bailout and Tuesday’s supply/demand updates from the U.S. Department of
Prairie canola crush margins improve
(Resource News International) –– Demand for canola from Prairie processors continues to build, particularly as the facilities in the Yorkton, Sask. area continue to come on line. Premiums for canola have been offered in some areas. “Based on the way I calculate margins, the crush for the spot month as of Friday was in the
Few surprises expected from StatsCan stocks data
(Resource News International) –– Statistics Canada will release an updated grain and oilseed stocks in all positions report on Monday (May 10) and while the numbers will be monitored, few surprises are anticipated. Estimates for the period ended March 31 for canola, barley, oats and wheat were seen garnering most of the attention. “The numbers