Reading Time: 2 minutes After reaching levels as high as $8 per bushel earlier this year, yellow pea prices have taken a tumble of late, as speculation of frost damage to India’s crop was not as severe as originally thought. “The frost thoughts in India were absolutely overdone. There was some damage done, but it certainly wasn’t a complete […] Read more
Yellow peas decline along with India frost fears
Japan places tender for Canadian wheat
Reading Time: < 1 minute Producers wondering whether the earthquake disaster in Japan would delay or halt grain exports to the country got an answer Tuesday as the Asian nation placed an order for high-protein Canadian wheat. Maureen Fitzhenry, spokesperson for the Canadian Wheat Board in Winnipeg, said it appears to be business as usual with Japan, at least for […] Read more
Canola basis levels seen improving by mid-2011
Reading Time: < 1 minute Canola basis levels are now at levels that aren’t particularly favourable to producers, but one analyst believes levels will narrow within the next couple of months. Mike Jubinville, president of Pro Farmer Canada in Winnipeg, said commercial companies presently have a surplus of product, but will be looking to buy in a couple of months. […] Read more
No permanent solution yet on canaryseed exports
Reading Time: 2 minutes The midpoint of Canada’s interim agreement with Mexico on a “test and hold” policy for canaryseed shipments is fast approaching, and there is still no word on what will happen once the agreement expires June 21. “The interim period is continuing that allows cleaning upon arrival to occur in Mexico,” said Carl Potts of the […] Read more
Producers balk at locking in mustard contracts
Reading Time: 2 minutes With some uncertainty around agricultural markets thanks to unrest in the Middle East, a number of mustard producers intend to wait and see what prices do, as opposed to locking in new crop contracts. Tom Halpenny, CEO with Mustard Capital Inc. at Gravelbourg, Sask., said values have been moving higher over the past couple of […] Read more
DDGS market still solid, but demand easing
Reading Time: 1 minute Prices for dried distillers grains with solubles (DDGS) have been holding steady and in most cases trending higher, but with those values strong, demand for the ethanol byproduct has been easing. Ryan Slozka, senior commodity trader with Rycom Trading in Kelowna, B.C., said lower cattle numbers in the country have meant less DDGS being used, […] Read more
Crush margins dependent on outside markets
Reading Time: < 1 minute After falling a week or two ago, canola crush margins have seen a rebound, thanks to an increase in ICE Futures Canada canola contracts, along with soybean and soyoil contracts on the Chicago Board of Trade (CBOT). Bill Craddock, a trader and producer in southern Manitoba, said where the crush margins go has a lot […] Read more
GrainWorld: Pork market dependent on grain prices
Reading Time: < 1 minute Canadian pork producers are starting to see a return to profitability, but it’s too early to tell if they are completely out of the woods yet. That’s according to Richard Anderson, executive vice-president of Informa Economics in Memphis, Tenn., who spoke Tuesday at the Canadian Wheat Board’s annual GrainWorld conference in Winnipeg. On the positive […] Read more
GrainWorld: Frost in India a boon for pea growers
Reading Time: < 1 minute Cool conditions and, in some cases, frost in India have affected that country’s dry pea crop, and that is expected to improve the export outlook for Canadian producers in 2011-12. Fred Oleson, deputy director of the market analysis group with Agriculture and Agri-Food Canada, noted the issues in India while speaking Monday at the Canadian […] Read more
Oat market dropping on speculative activity
Reading Time: 2 minutes The recent sell-off of agricultural commodities has not left oats out of its path, as values have been on the decline over the past month. Current elevator deliveries for oats are bringing as much as $3.24 per bushel in Manitoba, $3.22 per bushel in Saskatchewan, and $3.39 per bushel in Alberta, according to Prairie Ag […] Read more
A message from April Stewart, Country Guide's Associate Editor
