Reading Time: < 1 minute (Commodity News Service Canada) — Canola crush margins have bounced around a lot over the past few weeks, but are well off their recent highs as sharp declines in the product values have cut into the margins. Chicago Board of Trade (CBOT) soybeans “go up and down, and we don’t have quite the same swings,” […] Read more
Declining canola crush margins still strong overall
No end seen for canola uptrend
Reading Time: < 1 minute (Commodity News Service Canada) — Canola contracts traded on the ICE Futures Canada platform are showing no signs of letting up in their well-established uptrend, and while a profit-taking correction was possible, a market analyst said the path of least resistance still remains pointed higher. Darren Frank of FarmLink Marketing Solutions at Oakville, Man. said […] Read more
Hemp crop sees good yields
Reading Time: 2 minutes (Resource News International) –– Canada’s hemp crop came off in reasonably good shape this year, despite some problems with excessive moisture earlier in the growing season. The crop is grown across Canada, but the majority of the acres are in Manitoba and Saskatchewan. Anndrea Hermann, who works for Hemp Oil Canada, a Manitoba-based hempseed processor, […] Read more
Canola cash bids likely topping out
Reading Time: < 1 minute (Resource News International) — Firm cash canola bids in Western Canada may be hitting their upper limit for the time being, as elevators fill up with freshly harvested supplies and high futures prices cause basis levels to widen. Tracy Glessing of Northeast Terminal at Wadena, Sask., about 140 km northwest of Yorkton, said basis levels […] Read more
Manitoba corn crop looking good
Reading Time: < 1 minute (Resource News International) — Warm, dry conditions through October were beneficial for corn crops in Manitoba, currently being harvested. Theresa Bergsma, secretary manager of the Manitoba Corn Growers Association at Carman, said that aside from a few drowned-out spots, most of the corn crops in the province were looking very good and the harvest was […] Read more
Man. sunflower harvest showing low yields
Reading Time: < 1 minute (Resource News International) — Sunflowers are starting to come off the field in southern Manitoba, with harvest operations estimated at 10 to 50 per cent complete and yields generally on the poor side, depending on the location. Prices for oilseed sunflowers have shown some improvement in recent weeks, but confectionary bids remain low despite the […] Read more
Record open interest seen at ICE Futures Canada
Reading Time: 2 minutes (Resource News International) — Open interest in the ICE Futures Canada market, including both futures and options for canola and the lightly traded western barley contracts, moved to new record highs over the past week and appears poised to continue to rise. Total open interest in the market reached 211,346 futures and options contracts ahead […] Read more
Canola exports busy off West Coast
Reading Time: 1 minute (Resource News International) –– A large number of vessels currently loading, or waiting to load, canola at Canada’s West Coast is a sign of the solid demand for the commodity. That’s according to an export official who expected the pace would remain strong, but said a current backlog at the coast was due in part […] Read more
Long Prairie harvest window forecast
Reading Time: < 1 minute (Resource News International) — The harvest window for western Canadian farmers bringing in the last of this year’s crops will remain open until at least mid-October and possibly longer according to meteorologist Drew Lerner, president of World Weather Inc. in Kansas City. “I think we’ll be able to get through a fairly good chunk of […] Read more
Large oat supplies in storage may limit prices
Reading Time: 2 minutes (Resource News International) — Large supplies of oats held in storage in the U.S. may limit the upside in the market, despite the quality concerns with Canada’s crop this year. The recent high prices were also causing end-users to ration some of their demand, and that demand may take awhile to come back, according to […] Read more
A message from April Stewart, Country Guide's Associate Editor
