(RNI) — Cash barley prices have climbed about $7 per tonne in the southern Alberta cash market in the past week as dryness plagues production in key barley-producing areas in Alberta and Saskatchewan, according to a trader. “The market doesn’t seem to realize that prime barley land in Saskatchewan and Alberta is very dry,” said
Barley up and looking to move higher
Man. ethanol plant holds off on new-crop contracts
Husky Energy’s ethanol plant in western Manitoba is holding off on new-crop feedstock contracts due to uncertainty in the market, according to a Husky source. As of June 5, the 130 million-litre per year plant at Minnedosa, about 50 km north of Brandon, was offering producers $4.60 a bushel for July delivery of wheat and
Commercials cover export sales, boost canola
A steady lineup of ships waiting to move Canadian canola off the West Coast is keeping the canola cash market in Western Canada well supported and has helped shelter it from recent gyrations in the futures market. “Viterra and Cargill have been calling customers of mine asking them to deliver canola early. That’s a sign
Light trade, sluggish exports flatten chickpea traffic
Light trade in the chickpea market has left prices in Western Canada little changed over the past few weeks. “It’s hard to get a real sense for the market because there are not really enough chickpeas moving right now,” said Colin Young of R. Young Seeds Ltd. at Mortlach, Sask., west of Moose Jaw. Grower
Commercial demand, spillover support lift flax
Flax prices in Western Canada have been pushed higher over the past month by commercial demand and spillover support from strength in outside oilseed markets. “Prices seemed to have taken a quick little spike upwards and now they’re sitting there,” said Paul Martens, head of operations for Prairie Flax Products at Portage La Prairie, Man.
New-Crop Prices To Weaken
The Canadian Wheat Board (CWB) expects wheat and barley prices to be considerably lower in 2009-10 compared to where they thought 2008-09 prices would be a year ago, according to the grain marketer’s first new-crop Pool Return Outlooks (PROs), released February 23 during the annual GrainWorld conference in Winnipeg. However, the CWB pointed out that
Few surprises in StatsCan production report
Market participants say there were few surprises in Statistics Canada’s production estimates for 2008, which were released this morning. However, the upward revision to the 2007/08 canola production estimate by the government agency managed to garner some major attention. Statistics Canada pegged 2008/09 canola output at 10.375 million tonnes, which compares with pre-report expectations that
Moisture In Alberta Varied, Crops Still Behind
Moisture levels in Alberta continue to vary widely, with some areas in dire need of rainfall while moisture in other regions is adequate. According to Neil Whatley, crop specialist with the Alberta Ag Info Centre, central and southern Alberta have good moisture levels while areas north and northeast of Edmonton are on the dry side.
Lower government support hits CWB credit rating
Standard and Poor’s Rating Services announced that it has lowered its long-term issuer credit rating on the Canadian Wheat Board to ‘AA’ from ‘AA+’, citing a lower level of federal government support for the CWB as the main reason. Standard and Poor’s affirmed its other rating on the CWB at the same time and said
ICE Futures Canada trade resumes after outage
Trade at the ICE Futures Canada platform is scheduled to resume at 1 p.m. CDT. Steve Teller, manager of the regulatory division of ICE Futures Canada (formerly known as the Winnipeg Commodity Exchange), said the ICE Futures Canada trading platform will close at its normal time Thursday. Activity at the ICE trading platform came to
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