Reading Time: 3 minutes (Resource News International) — Canada’s canola crush is expected to hit a new record in the upcoming 2010-11 crop year, as additional capacity comes online. That increased crush pace will result in more canola oil and meal to be marketed, but industry officials were confident the demand would be there for the products. The increased […] Read more
Canola oil, meal demand rising with crush
Canola crush margins improve, but still rangebound
Reading Time: < 1 minute (Resource News International) –– The sharp weakness in the Canadian dollar over the past week has allowed domestic crush margins to see some improvement. However, canola futures have also shown some strength, limiting the potential gains in the crush. Canola crush margins relative to the nearby July contract have improved by C$13 per tonne over […] Read more
Lentils trend down on slow demand, crop prospects
Reading Time: 2 minutes (Resource News International) –– Old-crop lentil bids in Western Canada are in the process of working their way down to the lower new-crop levels, according to a lentil dealer who noted new-crop prices could also see further downside. Darren Lemieux of Simpson Seeds Inc. at Moose Jaw, Sask. said the recent economic uncertainty in Europe […] Read more
Flaxseed stuck in a rut
Reading Time: < 1 minute (Resource News International) — Flaxseed bids in Western Canada continue to hold within a tight range, showing little sign of either improving or dropping lower. While acres are expected to be down on the year, supplies are still more than sufficient and the ongoing uncertainty over shipping to Europe should limit any upside. Flaxseed is […] Read more
Barley cash bids up, for now
Reading Time: < 1 minute (Resource News International) — Barley bids in the key Lethbridge, Alta. feeding region have improved by $5 per tonne or more in recent weeks, as most farmers busy themselves with spring seeding operations and feedlots have had to pay up in order to encourage deliveries. A feedgrains broker in the region cautioned that the premiums […] Read more
Technicals turn bearish for canola, downside limited
Reading Time: < 1 minute (Resource News International) — ICE Futures Canada canola contracts dropped sharply lower this past week, setting fresh contract lows before seeing a modest correction. The break lower, after holding steady for months, could set the stage for further technical weakness, but market participants said any downside may be limited. Gord Wiesemann, senior market strategist with […] Read more
Rains do little to change Prairie grasshopper outlook
Reading Time: 2 minutes (Resource News International) — The wet weather seen across Western Canada over the past week will do little to change the grasshopper outlook this year, although better moisture levels may help alleviate some of the grasshopper concerns later in the summer. Grasshopper forecasts for the three Prairie provinces, based off surveys of adult grasshoppers taken […] Read more
Recent moisture benefits Alta. fields: AARD
Reading Time: < 1 minute (Resource News International) — Recent rainfall across some of the driest areas of Alberta should come as welcome news to the province’s farmers. And forecasts call for widespread precipitation for much of the province over the next week, a provincial specialist noted. Harry Brook, a crops specialist with the Alberta Ag-Info Centre at Stettler, said […] Read more
Record canola acres likely higher still
Reading Time: 2 minutes (Resource News International) — Canadian farmers are expected to plant record canola acres this spring, according to the Statistics Canada seeding intentions report released April 26. However, actual area will likely end up higher still, according to market participants. Most other crops listed in the federal statistics agency’s report were in line with trade estimates, […] Read more
U.S. durum area likely up from early expectations
Reading Time: 2 minutes (Resource News International) –– Durum growers in North Dakota, the largest durum-producing state in the U.S., will likely be planting more acres to the crop this spring than originally expected, given loan rates from the U.S. Department of Agriculture that make durum pencil out better then spring wheat. On March 31, the USDA forecast U.S. […] Read more
A message from April Stewart, Country Guide's Associate Editor
