Farmlink Marketing Solutions

Reading Time: 2 minutes Spot cash bids for domestic “feed” wheat have hit $7.50/bu, surpassing the Canadian Wheat Board (CWB)’s export price for mid-grade wheats in terms of the net price paid to farms across the Prairies. According to the 2007-08 pool return outlook (PRO), which hasn’t changed since May 22, CPS Red wheat is worth $339 per tonne […] Read more

Reading Time: < 1 minute Statistics Canada reported new crop mustard acres at 490,000, only 55,000 acres above last year and well below what the market requires for the coming year. Carry-in stocks are at pipeline levels; a situation likely to repeat itself this year given the inadequate acreage growth. The market will need above average yields to keep prices […] Read more

Reading Time: 2 minutes Commercial, conventionally-grown flax has climbed to $20 per bushel in value this week, net to farmers in various parts of the eastern Prairie growing region. Elevators’ posted bids have been below this, but some have hit $20/bu. targets, and a few other types of buyers including local processors and brokers have been paying this lately […] Read more

Reading Time: 2 minutes Dry edible bean supplies have been falling in Canada in recent years, and are poised to drop again by the end of 2008-09 to historically very tight levels. FarmLink is forecasting ending stocks to come in at just 9,000 tonnes, compared to 20,000 tonnes in 2007-08 and the five-year average of 32,000 tonnes. Further threatening […] Read more

Reading Time: < 1 minute Lentil prices remain at very high levels. Export demand is beyond what the Canadian market can supply in 2007-08, and the seeded area has fallen well short of what prices would ordinarily have bought from Canada in 2008-09 due to projected high returns to farmers for virtually all crops. Markets continue to try and ration […] Read more

Reading Time: 2 minutes If markets were only about supply, the barley market would have the potential to be very strong this coming year. Ending stocks at the end of the 2007-08 marketing year are expected to be at record-low levels as the strongest exports in over 10 years helped offset sagging domestic demand. And despite the tight supplies, […] Read more

Reading Time: 2 minutes U.S. futures markets in recent days have rallied sharply in response to increasingly irreversible damage to 2008 yield potential as a result of ongoing heavy rains. Last Thursday, reports of an additional 10-12 inches in the key growing region of Iowa sparked two big up-days in the market, followed today by news of ongoing heavy […] Read more

Reading Time: 2 minutes Over the past few weeks, oat cash prices have been basically flat in Western Canada with the market well-balanced in terms of bullish and bearish factors, keeping prices between about $3.50-$4/bu. Futures have been trading sideways as well, although the two don’t always track each other that closely. There is 50 cents/bu. variability between different […] Read more

Reading Time: 2 minutes Canola prices continue to be stuck in the same narrow trading range that has held since April. The July futures contract is showing strong support near $590 per tonne, but can’t muster up enough momentum to stay above $630 per tonne. The bearish influences of lagging export sales and relatively large commercial stocks for this […] Read more

Reading Time: 2 minutes May 28 — It is getting very late in the game to be in the dark with regards to wheat pricing options in 2008-09. Farm marketers in Western Canada attempting to manage pricing risks and opportunities are dealing with significant uncertainty in wheat, due to a lack of program information provided by the Canadian Wheat […] Read more