Reading Time: < 1 minute Canola cash prices in Western Canada have fallen in sympathy with the futures market over the past week, but basis levels should tighten in once the futures market re-stabilizes, according to an analyst. “We’ve not really seen basis levels change a whole lot, yet,” said senior market analyst Jon Driedger of FarmLink Marketing Solutions, adding […] Read more
Canola cash bids drop, but basis should tighten
DDGS imports slowing down
Reading Time: < 1 minute Canadian imports of dried distillers grains with solubles (DDGS) from the U.S. are starting to slow down as ample domestic feed supplies make importing the ethanol byproduct less attractive to Canadian livestock feeders. U.S. ethanol producers exported 1.02 million tonnes of DDGS to Canada in the 2010 calendar year, according to U.S. government data released […] Read more
Man. corn acreage hike expected, weather eyed
Reading Time: < 1 minute High corn prices, nearly double the traditional average in southern Manitoba, should have corn producers in the province looking to increase their acres this spring. However, actual plantings will depend on weather conditions at seeding time, said an official with the Manitoba Corn Growers Association. “The numbers are pretty good for corn right now, price-wise […] Read more
Sunflowers face stiff competition in Manitoba
Reading Time: 2 minutes Sunflower prices in southern Manitoba may be strong heading into the spring, but so are most other options and the crop will likely see a reduction in acres, according to a sunflower merchant. “Right now, we’re struggling like all special crops, to get farmers to grow (sunflowers),” said Bruce Wiebe of Keystone Grain at Winkler, […] Read more
Barley bids strengthen for spring delivery
Reading Time: < 1 minute Ample feed wheat supplies in Western Canada are keeping barley bids fairly stable in the spot market; however, deferred delivery contracts for the spring are showing some more strength. The March-through-June time period is typically a heavy livestock feeding time, and price opportunities for the spring months can already be found over $200 per tonne […] Read more
Canada’s cattle herd reduction seen slowing
Reading Time: 2 minutes The ongoing cattle herd liquidation in Canada over the past few years may be starting to slow down, but it will take a number of years before the herd reduction trend turns around and a noticeable increase in the herd size could be expected, according to industry analysts. Brenna Grant, a research analyst with Canfax, […] Read more
ICE canola up Wed. morning on follow-through buying
Reading Time: < 1 minute ICE Canada canola futures were mostly higher Wednesday morning, seeing some follow-through buying on Tuesday’s firmer close. Calls for a higher start to the North American session for the CBOT soy complex provided some spill-over support for canola, according to traders. Malaysian palm oil was also stronger in overnight trade, setting fresh contract highs. Exporter […] Read more
Durum up amid North African shortage concerns
Reading Time: 2 minutes (Commodity News Service Canada) –– The recent unrest in North Africa and the Middle East, including political upheaval in Tunisia and mass protests in Egypt, is partially due to surging food costs. The unrest has led to talk of increased demand for grains from the region, as governments work to augment their reserves. North Africa […] Read more
Higher prices ration flaxseed demand
Reading Time: 2 minutes (Commodity News Service Canada) — High flaxseed bids are causing end users to ration demand, slowing the reduction of Canada’s tightening supplies. Flaxseed bids as high as $15.75 per bushel, FOB farm, can currently be found in Manitoba and Saskatchewan, according to the latest Prairie Ag Hotwire data. Market participants said prices were hitting $16 […] Read more
Canola cash bids looking strong to start year
Reading Time: < 1 minute (Commodity News Service Canada) — Canola cash bids are looking strong at the start of 2011 and could remain that way heading into the spring, as demand remains brisk and end-users tighten their basis levels to make sure they get enough supplies. Spot canola bids can currently be found as high as $12.88 per bushel, […] Read more
A message from April Stewart, Country Guide's Associate Editor
