Reading Time: 2 minutes (Resource News International) — Corn and soybean futures at the Chicago Board of Trade (CBOT) have moved higher over the past week, supported by production uncertainty ahead of the U.S. harvest and recent strength in the wheat market. However, both soybeans and corn failed to move back to the highs set earlier in the month, […] Read more
Highs likely in place for soybeans, corn: analyst
Wheat quality to depend on harvest weather: CWB
Reading Time: 2 minutes (Resource News International) — The quality of Canada’s spring wheat crop is expected to be highly dependent on weather conditions during the harvest period over the next month. Bruce Burnett, director of weather and market analysis with the Canadian Wheat Board, says the lateness of this year’s crop will likely lead to some reduction in […] Read more
Barley bids up, but alternate feeds will limit gains
Reading Time: 2 minutes (Resource News International) — The likelihood of a smaller barley crop has helped feed barley bids move higher over the past few months in Western Canada. However, ample feed wheat, ongoing imports of U.S. dried distillers grains and a poor malt barley export outlook should temper the upside in the market. Dave Guichon of Ag […] Read more
Flax prices rise under reduced EU demand
Reading Time: 2 minutes (Resource News International) –– Flaxseed bids in Western Canada continue to rise due to ongoing weather concerns and expectations for a smaller crop. However, with no movement on obtaining wider acceptance for Canadian flaxseed in Europe, the upside in prices may be limited. “Prices have jumped dramatically over the past several weeks,” said Barry Hall, […] Read more
Bangladesh fast becoming major Canadian wheat importer
Reading Time: < 1 minute (Resource News International) –– Bangladesh is fast becoming one of Canada’s major export customers for wheat and could be seen as a sign of further demand from formerly non-routine customers. According to the latest Canadian Grain Commission data for May, Canada has exported 873,300 tonnes of wheat during the 2009-10 crop year to date, making […] Read more
Firm canola bids to continue, barring outside move
Reading Time: 2 minutes (Resource News International) — Canola cash bids are topping the key $10 per bushel level in many locations across Western Canada and could remain firm through the summer as long as outside financial markets co-operate, according to an analyst. “There is so much uncertainty right now that we should be fairly well supported into the […] Read more
Flaxseed bids rise on weather concerns
Reading Time: < 1 minute (Resource News International) — Flaxseed bids in Western Canada have climbed sharply over the past month, as concerns about lost acres in Saskatchewan and damage to crops already in the ground supported values. Just how high the market goes, however, will depend on production prospects over the summer. Statistics Canada recently pegged intended flaxseed area […] Read more
Lentil bids rise, but supplies may still meet demand
Reading Time: 2 minutes (Resource News International) — Lentil bids in Western Canada are starting to see some strength as producers are reluctant to make sales given the uncertain crop conditions this summer. However, actual production may still be sufficient to meet the average demand, which could limit the upside potential. Prairie farmers had intended to increase planted lentil […] Read more
CP line closure not yet disturbing grain movement
Reading Time: 2 minutes (Resource News International) — Canadian Pacific Railway’s main line through southern Saskatchewan and Alberta was shut down by heavy rains over the past weekend, creating some disruptions to grain movement in the region. However, the railway is using alternate routes and any delays have so far been only minor. CP spokesman Mike LoVecchio quoted media […] Read more
Feed barley bids firm, but increased supply likely
Reading Time: < 1 minute (Resource News International) — Expectations for reductions in Canadian barley acres this year, due to excessive moisture concerns, have led to some firmness in feed barley cash bids, although the wet weather will likely lead to more of the crop in the ground grading as feed, tempering any upside potential. However, the wet weather has […] Read more
A message from April Stewart, Country Guide's Associate Editor
