Reading Time: 2 minutes Bunge’s crushing plant in southern Manitoba is drawing in canola from as far away as Saskatchewan, as short supplies in the region lead crushers in both Manitoba and North Dakota to keep offering solid cash prices. "We are in a very competitive environment right now," said James Loewen, general manager of the plant at Altona, […] Read more
Crushers scramble for tight N.D., Man. canola supplies
Canola consolidating in narrow range
Reading Time: < 1 minute ICE Futures Canada canola contracts have bounced around within a relatively narrow range lately, and could be seeing some further consolidation going forward as the market looked for fresh news to provide direction. Canola closed right above major support in the most active January contract on Wednesday, and Jerry Klassen, manager of GAP Grains and […] Read more
Hemp crop looking good
Reading Time: 2 minutes Canada’s hemp crop came off in good shape this year, with better-than-average yields for the most part and no serious quality issues reported. “We’re seeing average to above-average yields,” said Anndrea Hermann of Manitoba-based hemp processor Hemp Oil Canada and vice-president of the Canadian Hemp Trade Alliance. On the conventional side, yields were reported at […] Read more
Best basis for canola in southern Manitoba
Reading Time: < 1 minute Tight canola supplies in southern Manitoba are leading to some very attractive basis levels in the region, as at least one crushing plant is actively looking to secure more supplies. The Bunge canola crusher at Altona, Man. is currently offering basis opportunities of $5 under the November futures, and had been as tight as $2 […] Read more
Price spread seen limiting DDGS use in Canada
Reading Time: 2 minutes Ample domestic feed grain supplies, together with high prices for corn-based DDGS (dried distillers grains with solubles) from the U.S., are now limiting usage of the ethanol byproduct in Canadian livestock rations, according to market participants. The price spread is too wide right now to bring in DDGS, said Ryan Slozka, senior commodity trader with […] Read more
Flax industry sees “good progress” against Triffid
Reading Time: 2 minutes Canada’s flaxseed industry reports it has made progress eliminating traces of genetically-modified Triffid seed from the country’s supply, but it will still take more time before the situation resolves itself completely. Traces of Triffid, a genetically modified flaxseed variety developed in Canada but never commercially produced, were found in Canadian shipments to Europe in 2009, […] Read more
Suspension of Moroccan durum tariff may boost sales
Reading Time: < 1 minute Morocco is temporarily suspending import duties on durum, which could open the door for more export opportunities for Canada, a major supplier. Morocco’s ministry of economy and finance recently announced on its website that all duties on durum imports will be suspended from Oct. 1 through Dec. 31 this year. Duties on soft wheat will […] Read more
Cold, snowy winter forecast seen for Prairies
Reading Time: < 1 minute Harvest operations are wrapping up across Western Canada under reasonably good weather conditions for the most part. While the bias should remain on the warm side through the autumn, the Prairies can expect to see a cold, snowy winter, according to one meteorologist. The early indications “suggest we’ll see another winter of colder-than-usual conditions in […] Read more
Early canola samples show good quality: CGC
Reading Time: 2 minutes With the canola harvest nearly complete across Western Canada, the quality of what’s coming off the fields looks good, according to early samples received at the Canadian Grain Commission. With about a quarter of the expected samples in to date, “the quality is very good,” said Daryl Beswitherick, the CGC’s program manager of quality assurance. […] Read more
Prairie pea bids perk up, post-harvest
Reading Time: < 1 minute Edible pea bids in Western Canada are showing some post-harvest firmness, as line companies look to secure some supplies. “Things have definitely perked up a little bit, mainly driven by the line companies and their bulk conventional programs,” said Les Aubin of Walker Seeds at Tisdale, Sask. The peas were moving primarily to India and […] Read more
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