Reading Time: < 1 minute (Resource News International) –– Large pea supplies in Western Canada could be even more burdensome in the upcoming 2010-11 crop year, as farmers will still be looking to put a pulse in their rotations despite the lower prices. “It’s looking like we’ll have a million tonnes of peas left over by July 31,” one pea […] Read more
Pea ending stocks likely large, could grow
Lentils stuck in stalemate
Reading Time: 2 minutes (Resource News International) — Lentil buyers and sellers in Western Canada remain at a stalemate, with farmers reluctant to make many sales at current prices and end-users holding out for cheaper new-crop supplies. “Growers are hanging onto what they have left for lentils, particularly red lentils, so it’s been difficult to pry any additional quantity […] Read more
Weather concerns support canola
Reading Time: < 1 minute (Resource News International) — Canola contracts traded on the ICE Futures Canada platform are starting to trend higher in the charts, despite a correction on Tuesday, with concerns about the dry weather conditions in Alberta and Saskatchewan behind some of the general strength. Jerry Klassen, manager with GAP Grains in Winnipeg, said the uncertainty about […] Read more
Prairie crop conditions vary heading into spring
Reading Time: 2 minutes (Resource News International) — Crop conditions across Western Canada are variable heading into spring seeding, with dryness a concern in parts of Alberta and Saskatchewan, and flooding possible in Manitoba’s Red River valley, according to provincial crop specialists. However, seeding is still a month or more away in most areas, and the possibility of late-winter […] Read more
Testing seen as best defense against Triffid
Reading Time: 2 minutes (Resource News International) –– Canada’s flax growers will likely be faced with years of required testing in an effort to rid the market of the trace amounts of genetically modified (GM) flaxseed that have contaminated the country’s supply, participants in a teleconference sponsored by the Saskatchewan Flax Development Commission were told Thursday. Testing on seed […] Read more
Canola futures bounce off lows, still range-bound
Reading Time: 2 minutes (Resource News International) — ICE Futures Canada canola contracts recently hit fresh contract lows in some months, but have managed to recover from those levels as short-covering and exporter pricing provide support. But an analyst said the market remained relatively range-bound overall and would need some fresh fundamental news or outside influence to move decisively […] Read more
Canola basis levels best starting in late spring
Reading Time: < 1 minute (Resource News International) — For farmers still looking to price old-crop canola, the best basis levels can currently be found for delivery in the late-spring to early-summer period, according to an analyst. Mike Jubinville of ProFarmer Canada in Winnipeg said there were basis opportunities steady to slightly above the futures in Alberta for the May-June-July […] Read more
ICE barley lacks interest, but no de-listing yet
Reading Time: 3 minutes (Resource News International) — Open interest in the ICE Futures Canada barley market has declined to the point where the contract is no longer a viable pricing option, despite ICE’s recent efforts to make the contract more appealing to a broader range of participants. While traders were generally disappointed with the lack of liquidity in […] Read more
Feed barley bids steady, little change expected
Reading Time: < 1 minute (Resource News International) — Cash barley bids in Western Canada remain stable, with end-users only buying on a hand-to-mouth basis and ample competing feed stocks keeping prices well contained. Cash bids in the key Lethbridge, Alta. cattle feeding area can currently be found in the $135 to $139 per tonne area, according to the latest […] Read more
Alta. cow tests positive for BSE: CFIA
Reading Time: 2 minutes (Resource News International) — Canada’s 17th case of BSE was discovered by the Canadian Food Inspection Agency (CFIA) last month but has only now been publicly announced. The federal government’s communication strategy for reporting cases of bovine sponsgiform encephalopathy (BSE) now involves only providing information on a monthly basis. A CFIA spokesperson could only confirm […] Read more
A message from April Stewart, Country Guide's Associate Editor
