CNS Canada — Flax prices in Western Canada are staying strong, with a lack of significant farmer selling supporting the market. “It seems as though the farmers are just sitting on their inventory and not bringing it in, so the prices are moving up,” said Richard Zacharias, general manager of Prairie Flax Products near Portage
Prairie flax prices strong as farmers sit on supplies
Grain freight minimums beneficial, but not seen as best solution
CNS Canada –– The Canadian government’s decision to extend its order-in-council requiring a minimum tonnage of grain shipped by the two major railways each week will benefit the ag industry — but it’s not the best solution out there, according to some participants. “Extending the minimum volume requirements through the coming winter and spring season
Prairie farmers reluctant to sell into canola cash market
CNS Canada –– Prairie farmers are reluctant to sell into canola cash markets, in turn supporting basis levels recently as buyers have to work to entice farmer selling. “I think farmers are patient; they are not selling this market when you see minor dips,” said Jerry Klassen, manager for Swiss-based GAP SA Grains and Products
ICE weekly outlook: Canola to hit major resistance at C$440
CNS Canada — Canola futures were holding relatively steady during the week ended Wednesday, and are expected to continue in a rangebound pattern this winter. The March future is likely to find major resistance at the $440 per tonne level over the next month or so, said Jerry Klassen, manager for Swiss-based GAP SA Grains
Manitoba corn quality better than expected
CNS Canada — Manitoba’s corn growers weren’t sure what they’d find when they combined their fields this fall due to unfavourable growing conditions, but overall quality was better than expected. “We were worried going in that it would be a lighter crop because of the frost in September,” said Morgan Cott, agronomist with the Manitoba
Prairies’ winter wheat looks good heading into dormancy
CNS Canada — There weren’t a lot of acres planted to winter wheat in Western Canada this fall due to the late harvest of many other crops — but what was seeded looks good as it heads into dormancy. “The fields that are there look good, just we have no clue how much there is,”
CWRS bids up as basis strengthens
Commodity News Service Canada — Average cash bids for Canadian Western Red Spring (CWRS) wheat were stronger during the week, underpinned by improving basis levels in Western Canada and stronger Minneapolis wheat futures prices. CWRS prices were about $3.00 higher in central Alberta, up to $6.75 stronger in the Peace region compared to a week
Winter wheat seeding ‘perfect’ in EU
Commodity News Service Canada — Winter wheat planting conditions have been “perfect” in many areas of the Europe Union this fall, Leo Plaisier, partner at Agribrokers International said during a presentation at the Cereals of North America conference in Winnipeg. He added that acreage in the European Union is expected to increase slightly from last
Asia buyers face problems post-wheat board
Commodity News Service Canada — Before the 2012/13crop year, when the Canadian Wheat Board was stripped of its monopoly to market western Canadian wheat, some Asian companies purchased large amounts from Canada. But since the single desk has ended, there have been challenges with purchasing Canadian wheat, causing some companies to reduce the amount they
Polar vortex not back this winter: forecaster
Commodity News Service Canada — Last year marked one of the coldest winters in recent history, as the polar vortex affected many parts of Western Canada. But this winter will be closer to normal, Scott Yuknis, owner and founder of Climate Impact Company said during a presentation at the Cereals of North America conference in
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