The end of the Canadian Wheat Board’s single desk for marketing western Canadian wheat, due Aug. 1, is expected to create an increased need for a viable futures market to manage risk and aid in price discovery. To that end, representatives of the Chicago Board of Trade (CBOT), Minneapolis Grain Exchange (MGEX) and ICE Futures
GrainWorld: Which wheat futures are best?
Dreyfus bullish on Canadian canola
Solid demand and tightening supplies will require a considerable increase in Canadian canola acres this spring, Louis Dreyfus’ Canadian canola trading manager told a conference here Monday. "We truly require 21 million acres to meet the demand," Tracy Lussier of Louis Dreyfus Canada told the Wild Oats Grainworld conference. That would be up by more
Prairies dry, but don’t write off 2012 crops just yet
Weather maps remain dry for most of Western Canada and the lack of snow cover is leading to concerns that farmers could be facing drought conditions in the summer of 2012. However, precipitation in the spring and summer will be much more important in determining yield prospects going forward, according to an official with Agriculture
Weather a mixed blessing for insects
Insect populations overwintering in Western Canada are likely enjoying the warmer-than-normal temperatures seen across the Canadian Prairies this winter, but the lack of snow cover could lead to increased mortality if and when the mercury does drop. Environment Canada forecasts for Manitoba, Saskatchewan, and Alberta are calling for unseasonably warm temperatures over the next week,
Edible bean acres set to double
Edible beans are shaping up to be a popular crop to plant in southern Manitoba this spring, with bean area set to rebound off of 2011’s very small acreage. Market analyst Darren Frank, of FarmLink Marketing Solutions, said that of all the new-crop options in southern Manitoba, edible beans might be seeing the most interest.
Cattle buyers get what they can, while they can
Solid demand for feeder cattle kept values well supported at Manitoba’s auction yards during the week ended Jan. 27, as warmer temperatures saw volumes increase as well. After bitterly cold temperatures slowed movement at some yards the previous week, it was back to business as usual in the last full week of January as temperatures
New opportunities likely for low-grade malt barley
The sharp distinction between malt and feed barley is starting to get a little muddy on the Prairies, with a third class of barley expected to create more opportunities for farmers under the new open market. Traditionally, about 20 per cent of the barley grown in Western Canada in any given year would hit the
Warm weather, no snow mixed blessings for Prairie insects
Insect populations overwintering in Western Canada are likely enjoying the warmer-than-normal temperatures seen across the Prairies this winter, but the lack of snow cover could lead to increased mortality, if and when the mercury does drop. Environment Canada forecasts for Manitoba, Saskatchewan and Alberta call for unseasonably warm temperatures over the next week, with above
Domestic pulse processing touted
More processing is key to the long-term success of the pulse sector in Western Canada, the head of the country’s largest pulse trading company told attendees at Crop Week in Saskatoon. The pulse sector should be focused on producing food rather than a commodity, said Murad Al-Katib, president and CEO of of Alliance Grain Traders
Lower flax acres likely for 2012
Saskatoon / Flaxseed acres in Western Canada will see a further drop from the already record-low levels seeded in 2011 if new crop prices don’t see considerable improvement by spring planting time, said Larry Weber of Weber Commodities, in a presentation to SaskFlax at the annual Crop Week in Saskatoon, Jan. 9. Western Canadian farmers,
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