Shoe on the other foot? Look for improved grain basis at the elevator this year

Shoe on the other foot? Look for improved grain basis at the elevator this year

It’s a very different situation from two years ago — now grain companies are keen to ‘keep their pipelines moving’

A bad-news year for crop production is a good year when it comes to basis — and so farmers should be shopping around this harvest, say market analysts. “In general in years when supplies are tight locally or in a region, you would normally expect to see basis levels that are stronger than what you

canola seed pods

Canola trade already looking past acreage estimate

However, fewer acres could mean tight supplies to come

ICE Futures Canada canola contracts held narrowly rangebound during the week ended April 24, but managed to move higher overall, with the biggest gains in the new-crop months. Statistics Canada’s acreage intentions report, released April 23, provided the big news for the week as far as canola was concerned. However, even the first official acreage