Reading Time: < 1 minute Soybean and corn futures at the Chicago Board of Trade (CBOT) have moved sharply lower the past few weeks as looming harvest pressure and global financial uncertainty weigh on values. The path of least resistance was expected to remain to the downside through the harvest season, barring a weather scare or sharp move in the […] Read more
Broker sees seasonal highs in for corn, soy
Options an expanded option in canola market
Reading Time: 2 minutes ICE Futures Canada plans to offer options contracts for canola for every month of the year starting Sept. 26, providing more flexibility for farmers pricing crops and for speculators looking for capital gain potential. Currently options contracts are available for the five months of the year with a futures contract (January, March, May, July, November). […] Read more
Mexican restrictions limit canaryseed movement
Reading Time: 2 minutes Strict Mexican restrictions on canaryseed imports that recently came into effect will likely limit Canadian exports to the country, until supplies in the normally major importer tighten and the issue is revisited, according to an official with the Canadian Special Crops Association. Mexico is traditionally a customer for 25 per cent of Canada’s canaryseed exports, […] Read more
Small Manitoba sunflower crop facing export competition
Reading Time: < 1 minute The size and quality of Manitoba’s sunflower crop is still very much up in the air, but the sheer lack of acres planted this spring will keep supplies on the tight side and should underpin the domestic market. Manitoba accounts for nearly all of Canada’s sunflower production, and the provincial crop is currently estimated at […] Read more
Large European crop to weigh on mustard
Reading Time: < 1 minute Prairie farmers are in the midst of harvesting a smaller but relatively good quality mustard crop, but bids for those supplies have little upside potential, with Eastern Europe sitting on a larger crop this year. The western Canadian mustard harvest is about 25 per cent complete, according to Kevin Dick, president of All Commodities Trading […] Read more
Large lentil stocks overhanging market
Reading Time: < 1 minute Prairie farmers holding onto incredibly large lentil stocks, in hopes of seeing higher prices down the road, may need to keep holding onto those supplies for the foreseeable future or sell at lower levels, as end-users are reluctant to pay up in the current market. Canadian lentil stocks as of July 31 stood at 750,000 […] Read more
StatsCan expected to confirm tight grain/oilseed stocks
Reading Time: 2 minutes Ending stocks of Canada’s major grains and oilseeds were generally thought to be tight at the close of the 2010-11 crop year, but market participants are waiting on Statistics Canada’s Sept. 7 stocks in all positions report to find out the extent of that tightness. “Many of the (grains and oilseeds) were quite tight coming […] Read more
Small Canadian chickpea crop supporting prices
Reading Time: < 1 minute Canada’s small chickpea supplies can expect to receive solid prices this year, as supply tightness in other countries should lead to an increased demand for what little is available in North America. The Canadian chickpea crop was down sharply on the year, according to the latest Statistics Canada production report which pegged production in Saskatchewan […] Read more
Manitoba soybeans look good but could use rain
Reading Time: 2 minutes Manitoba soybean crops are in relatively good shape given the hot, dry conditions seen through most of the growing season. However, with temperatures still unseasonably high in the province, fields would benefit from some timely precipitation in the next week. “Crops look pretty good so far, but it’s getting to the point where we’ll start worrying […] Read more
Biotech crops gaining ground in Canada
Reading Time: < 1 minute The area seeded to biotech crops in Canada has increased in recent years, reaching roughly eight million hectares (19.8 million acres) in 2011, according to a report from the U.S. Foreign Agricultural Service. That compares with 6.9 million hectares (17 million acres) seeded to biotech crops in 2010. Biotech crops account for 58 per cent […] Read more
A message from April Stewart, Country Guide's Associate Editor
