Western Canadian flaxseed prices edge higher

Western Canadian flaxseed cash bids have advanced in the past month, with fresh export demand along with tight supply concerns contributing to the firmness, said an industry participant. “The Chinese market has really helped out western Canadian flax prices this year,” said Chuck Penner, an analyst with Left Field Commodity Research in Winnipeg, Manitoba. The

Pilot project exports soybeans

CentrePort Canada Inc. has launched a pilot project to export 250 tonnes of soybeans from Manitoba to China by container. The soybeans pilot project will utilize new Radio Frequency Identification (RFID) technology to ensure the security and quality of the shipment, according to a release. The system involves an RFID tag being placed on the



Overdrying canola can be a costly mistake

Air can dry grain, or it can make it wetter. That’s because grain automatically reaches equilibrium with the ambient relative humidity as it is drawn into the bin via fans. Theoretically, this fact could be used to boost profits by adding tonnage via moisture content until the grain reaches the optimum nine to 10 per



USDA favours corn with 2012 crop insurance price guarantees

Chicago / Reuters / Crop insurance price guarantees for 2012 should encourage U.S. farmers to plant corn over soybeans, according to analysts. The U.S. Department of Agriculture set the guarantees, which act as the floor price for crop insurance policies, at $5.68 per bushel for corn and $12.55 a bushel for soybeans across most of



China trip boosts food industry

Prime Minister Stephen Harper’s trade mission to China seems to have opened doors for major Canadian agri-food exporters. Now they’ll have to translate those agreements into orders. The beef, pork, pulse and canola sectors all received special attention during the visit and the Canadian Wheat Board got to remind everyone it isn’t going out of


Expect canola industry to seek even more acres

ICE Futures Canada canola contracts remained pointed decidedly higher during the week ended Feb. 17, showing no real signs of slowing down. Similar gains in the Chicago soy complex did provide some underlying support to the Canadian futures, but canola was also benefiting from its own bullish fundamental and technical factors. Depending on the chart

Developing nations to lead in biotech crops

Farmers in developing nations will sow more biotech crops than those in the industrialized world for the first time this year. Globally, the area planted with biotech crops rose eight per cent last year to a record 160 million hectares, or 395 million acres, according to the International Service for the Acquisition of Agri-Biotech Applications.