(Resource News International) — Feed pea prices in Western Canada have been on the decline as of late, but the outlook calls for some stabilization and possibly some recovery. “A lot of the downward pressure on feed pea bids has come as US soymeal, and subsequently, Canadian canola meal values, have dropped sharply over the
Feed pea cash bids to improve
Pea values keep dropping as India opens bins
(Resource News International) — Edible pea prices, for both yellows and greens, have been declining quite steadily in the face of poor demand and potentially larger-than-expected carryover into the 2010-11 season. “The price weakness can be attributed mainly to the decision by India to institute a domestic anti-hoarding policy,” said Mike Jubinville, a Winnipeg market
Canola crush margins take downturn
(Resource News International) — Crush margins for canola in Western Canada have taken a severe downturn with firmness in the Canadian dollar and the sell-off in CBOT soyoil futures linked to the weaker trend. “Based on the way I calculate margins, the crush for the spot month as of Monday was in the $111.50 per
Drop Seen In Canadian Flax Output
Canadian flaxseed production in the upcoming 2010-11 crop year is expected to be down significantly from the level achieved in 2009-10, based on data presented at the Canadian Wheat Board’s Grain World conference by Informa Economics Inc. Chuck Penner, senior consultant with Informa Economics Inc. estimated 2010-11 Canadian flaxseed output at 742,000 tonnes, which would
Significant drop expected in flax acres
(Resource News International) — Canadian flaxseed production in the upcoming 2010-11 crop year is expected to be down significantly from the level achieved in 2009-10, based on data from Informa Economics. Speaking this week at the Canadian Wheat Board’s annual GrainWorld conference in Winnipeg, Chuck Penner, senior consultant with Informa Economics, estimated 2010-11 Canadian flaxseed
Ethanol Byproduct Cuts Into Barley Bids
Imported Dried Distillers Grains with Solubles (DDGS) is increasingly displacing barley in the western Canadian feedlot sector, industry sources say. The loss in barley’s cash value was seen continuing given that DDGS have now become part of a scheduled program by the feedlot industry. “The need to cover barley needs by end-users has been slowing
DDGS use leaves barley bids deteriorating
(Resource News International) — The convenience for end-users importing dried distillers grains with solubles (DDGS) into Western Canada continues to cause cash bids for barley to deteriorate. The loss in barley`s cash value was seen continuing, given that DDGS have now become part of a scheduled program by the feedlot industry. “The need to cover
Limited opportunities seen for flax
(Resource News International) — Cash bids for flaxseed in Western Canada continue to remain depressed overall, but there have been opportunities where values have increased, albeit temporarily. “There were some old-crop flaxseed cash bids along the Manitoba/Saskatchewan border that were reportedly in the $9 a bushel area, f.o.b. April/May,” according to Mike Jubinville, a market
U.S. EPA news improves canola crush margins
(Resource News International) — Crush margins for canola in Western Canada have seen some significant improvement over the past week, with the uptrend continuing in the weeks ahead. “Based on the way I calculate margins, the crush for the spot month as of Monday was in the $122 per tonne range,” said Bill Craddock, a
StatsCan’s stocks report in line with expectations
(Resource News International) — Statistics Canada’s grain and oilseed stocks in all positions report for the period ended Dec. 31 was generally in line with pre-report expectations and helped confirm the production numbers the agency released in the fall, according to industry participants. The numbers, released Friday, were not expected to have any kind of
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