Reading Time: < 1 minute (Commodity News Service Canada) — Barley prices in the key Lethbridge, Alta. feeding area have softened over the past few weeks, but are unlikely to see much further downside heading into the new year if the outside grain markets remain firm. “The feedlots are covered well for the rest of this year and into January,” […] Read more
Feed barley bids soften, but still firm overall
Canola crush margins climbing
Reading Time: < 1 minute (Commodity News Service Canada) — Canola crush margins continue to rise, keeping the domestic processors as active buyers in the market. The canola crush board margin, as quoted by ICE Futures Canada, was sitting at about $104 per tonne above the nearby January futures as of Monday, up by over $10 from the previous week […] Read more
Algerian durum tariffs limit Canadian sales: CWB
Reading Time: < 1 minute (Commodity News Service Canada) — Stiff tariffs on durum imposed by Algeria in October are effectively shutting out all imports of the commodity to the country, according to a Canadian Wheat Board official. Algeria is normally a key customer for Canada’s durum crop, but the US$200-per-tonne tariff currently in place is effectively shutting out imports […] Read more
Feed pea bids looking strong nearby
Reading Time: 2 minutes (Commodity News Service Canada) –– Farmers with feed peas to sell should be seeing relatively favourable prices right now, as some end-users are being forced to bid up the market in order to acquire their necessary supplies. Feed pea prices have moved up in tandem with edible peas over the past few months, with current […] Read more
Rye bids jump following other grains
Reading Time: 2 minutes (Commodity News Service Canada) — Rye bids in Western Canada have climbed sharply higher over the past couple of weeks, bringing some renewed attention to the thinly traded crop. Prices as high as $5.50 per bushel are being reported in Manitoba and Saskatchewan, which compares with bids in the $4 area only two weeks ago, […] Read more
Canola export pace to stay strong going forward
Reading Time: < 1 minute (Commodity News Service Canada) –– Canadian canola exports continue to move forward at a solid pace and show no signs of letting up despite the higher prices. “Overall, it’s a pretty healthy S+D (supply and demand) for the farmers,” said one line company canola exporter. While canola prices were at their highest levels in two […] Read more
Larger canola crop provides cushion, demand still strong
Reading Time: 2 minutes (Commodity News Service Canada) — Canada’s 2010/11 canola crop will come in well above trade expectations, according to official production estimates released Friday by Statistics Canada. However, strong demand is expected to keep values well supported. Barley production, meanwhile, was much smaller than traders had expected, while wheat was revised slightly higher. Production on all […] Read more
Canada still waiting on biodiesel mandate
Reading Time: 2 minutes (Commodity News Service Canada) — Canola growers and potential biodiesel producers in Western Canada are still waiting on an official start date for the country’s federal two per cent biodiesel mandate, as the comparable five per cent mandate for renewable fuel in Canada’s gasoline supply is set to go into effect Dec. 15. Gordon Quaiattini, […] Read more
Funds liquidating large canola long positions
Reading Time: < 1 minute (Commodity News Service Canada) — Commodity and index fund traders holding large long positions in canola are in the process liquidating some of those positions and taking profits. However, traders were uncertain just how much more liquidating there was to go. At the recent height of the canola market the funds were holding long positions […] Read more
Feed barley bids firming up in Western Canada
Reading Time: < 1 minute (Commodity News Service Canada) — Barley bids in Western Canada have strengthened recently and should continue to see some more upside between now and Christmas, as the selling pressure backs away but the seasonal demand picks up. Jim Beusekom of Market Place Commodities at Lethbridge, Alta. said bids were starting to move higher, with prices […] Read more
A message from April Stewart, Country Guide's Associate Editor
