Forecast calls for record canola acres, output

Canola futures on the ICE Futures Canada trading platform were mixed during the week ended Jan. 20, with the nearby months seeing small gains while the deferred values were slightly weaker. A continued strong export lineup at Canada’s West Coast, along with strong domestic demand from the processing sector, helped to generate some of the

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



New ICE Canada grain contracts off to slow start

Traders took a cautious approach to new IntercontinentalExchange grain futures and options contracts introduced Jan. 23 as the exchange looked to capitalize on the approaching end of the Canadian Wheat Board’s monopoly. ICE Futures Canada, based in Winnipeg, launched new milling wheat, durum and barley contracts for delivery in October and later, after the wheat



Co-operating with its competitors

Attendance was down at the annual Canadian Wheat Board breakfast at Ag Days this year, but the farmers who came were encouraged by what they heard. “That just made my day. Now we have a choice,” said Jake Hofer, a wheat producer from Treesbank Colony after listening to a presentation by Gord Flaten, the board’s


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,

Market steady, but uncertainty ahead

Commodity prices may have peaked in 2011, ProFarmer analyst Mike Jubinville told farmers attending the St. Jean Farm Days. “My gut feeling right now is that the heights have already come in,” Jubinville told producers. “It’s not that I’m feeling bearish about the marketplace going into 2012, personally I think that there is going to


Fertilizer demand rises again

Paris / Reuters – World demand for fertilizers will rise again this season to hit a new record level, driven by growth in emerging economies and strong fundamentals in agricultural markets, the International Fertilizer Industry Association (IFA) said Jan. 5. Fertilizer demand, expressed as consumption of key nutrients nitrogen, phosphorus and potassium, should rise three per

Low-key corn futures belie active options

Corn futures may appear to be lacking conviction lately as both nearby and deferred contracts shuffle mainly sideways in low-key trade ahead of the upcoming U.S. Department of Agriculture production and stocks report due on Jan. 12. But judging by the steady climb in open interest in both put and call options in recent weeks,