A recent decline in durum prices south of the border will likely lower durum acreage in North Dakota, says an official with the North Dakota Wheat Commission. Durum prices are fairly close to spring wheat values right now, “which doesn’t help durum acreage at all,” said Erica Olson, the commission’s marketing specialist. “It will be
Declining prices damping interest in durum in North Dakota
Canola trending down with soybeans
ICE Futures Canada canola contracts moved lower during the week ended March 13, backing away from nearby highs as speculative profit-taking and steady farmer selling weighed on values. Nearby direction is expected to come from the CBOT soy complex, although canola should lag to the downside if soybeans continue to weaken, said Ken Ball of
Spring load limits to slow grain movement on Prairie roads
Spring road bans are starting to be put into place across Western Canada as temperatures warm up in the Prairie provinces. The annual restrictions set axle weight limits for vehicles moving on certain roads in an effort to reduce the damage heavier loads can cause during the spring thaw period. Movements of grain and farm
CWRS wheat edges up; basis opportunities in Alberta
Cash wheat bids across Western Canada edged up during the week ended March 11, with spot bids for Canada Western red spring (CWRS) wheat steady to a couple of dollars per tonne higher in most areas. Basis levels improved as well, as cash prices in Western Canada managed to firm up despite the fact that
Barley bids firm, but more downside than upside ahead
Tight supplies combined with prudent farmer selling are keeping feed barley bids well supported in Western Canada for the time being. However, declining wheat prices and improving North American moisture conditions heading into the summer have the potential to weigh on values going forward, according to a feed grains broker. Barley delivered into the key
Malt barley facing stiff competition
More malt barley in Western Canada will be grown solely on a contracted basis as increasing competition from easier-to-grow genetically modified crops will cause producers to turn away from malt barley, Patrick Rowan, senior manager of Canadian barley operations with BARI-Canada said at the annual Wild Oats Grainworld conference Feb. 26. Genetically modified soybeans and
Poor durum premiums in North Dakota may dissuade acres
Durum bids in North Dakota have lost their premium over other spring wheat in recent weeks, which will likely lower seeding intentions for the crop, according to an official with the North Dakota Wheat Commission. Durum prices are fairly close to spring wheat values right now, and the lack of a significant premium will likely
Shortened hours coming to Chicago futures market
Grain and oilseed futures at the Chicago Board of Trade and Kansas City Board of Trade will revert back to their traditional 1:15 pm CT close, starting April 8. CME Group, which owns the two exchanges and announced its plans Tuesday, said the move to shorten hours came after a consultation process with producers, commercial
Rotational issues may limit Man. sunflower acres
Sunflower acres in Manitoba will likely hold steady on the year, but an increase back toward more traditional averages is seen as unlikely, given rotational issues and competition from other crops. Manitoba farmers planted 100,000 acres of sunflowers in 2012, which came in well above the 35,000 planted in 2011 when weather issues in the
CWRS wheat bids soften slightly, watching U.S. futures
Cash wheat bids across Western Canada saw some choppiness during the two weeks ended March 4, with spot bids for Canada Western red spring (CWRS) wheat steady to a couple of dollars per tonne lower in most areas, but up a few dollars in others. Basis levels did generally improve, as cash prices in Western
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