Reading Time: 2 minutes (Resource News International) — Statistics Canada’s seeding intentions report, to be released Monday, is widely expected to show farmers seeding more acres to canola this spring, as it’s one of the few crops that pencil out favourably, according to industry participants. Pre-report trade estimates peg Canadian canola area in 2010 at 16.7 million to 17.8 […] Read more
Large canola acres expected in StatsCan report
Large supplies keep mustard under pressure
Reading Time: < 1 minute (Resource News International) — Prairie farmers still holding onto large old-crop mustard supplies are unlikely to see any price improvements in the immediate future, especially as new-crop acres are looking to be at least as large as in 2009. Current Agriculture and Agri-Food Canada projections would see the country carrying over 115,000 tonnes of mustard […] Read more
Icelandic volcano not seen influencing cropping weather
Reading Time: 2 minutes (Resource News International) — The volcanic eruption in Iceland April 14 now disrupting air traffic in Europe was likely not large enough to influence weather patterns and crop development in North America this summer, according to U.S. meteorologist Drew Lerner. Travellers moving through Europe continue to experience delays because of the volcanic ash, but Lerner, […] Read more
Commodity funds hold large canola short positions
Reading Time: < 1 minute (Resource News International) — The traditional commodity funds are holding large short positions in canola and have been adding to those positions in recent sessions, according to market participants. Those large short positions could leave canola open to some short-covering related buying, but index funds on the other side are holding equally large long positions. […] Read more
Pulse, swine, barley trade deals set with China
Reading Time: 4 minutes (Resource News International) — Agriculture Minister Gerry Ritz’s trade mission to China has led to agreements that will benefit Canadian pea and barley growers and hog producers, he said in a teleconference Thursday from Beijing. China has agreed to remove its import restrictions on Canadian peas after a joint scientific review demonstrated that there is […] Read more
Flaxseed exports up, low prices create demand
Reading Time: < 1 minute (Resource News International) — Canadian flaxseed exports are actually up on the year, despite ongoing problems moving the commodity to the traditional European market. An export official said the increased export pace was largely due to a pickup in Chinese buying at lower price levels. According to the latest Canadian Grain Commission data, Canada had […] Read more
Barley bids firm, larger spring rally unlikely
Reading Time: < 1 minute (Resource News International) — Barley bids in Western Canada have shown a little improvement in recent weeks, but ample feed grain supplies will likely keep prices from rallying to the same extent as they would in a normal year, according to a Lethbridge-based feed grains broker. “Demand is picking up a little bit,” said Jim […] Read more
Oats show firmness, upside likely limited
Reading Time: < 1 minute (Resource News International) — Oats prices in both the Chicago futures and western Canadian cash markets have shown some improvement off nearby lows in recent weeks, but the fundamental outlook remains neutral to bearish, which may limit any further strength. After setting a low of US$2.05 3/4 per bushel in the May CBOT oats contract […] Read more
Canola crush margins hold strong despite loonie
Reading Time: < 1 minute (Resource News International) — Canola crush margins have improved over the past week, despite the strong Canadian dollar, and appear set to hold around their current levels, according to a trader who follows the margins. Crush margins provide an indication of how much money processors are making at any given time, by factoring in the […] Read more
Canada’s hemp acres on the rise
Reading Time: 2 minutes Corrected, April 7 (Resource News International) — Canadian farmers are expected to grow more hemp this year, as demand for both the seed and fibre is increasing, and the crop can offer good returns to producers, according to an industry official. “This year there is a lot of optimism in the market,” said Kim Shukla, […] Read more
A message from April Stewart, Country Guide's Associate Editor
