Reading Time: < 1 minute (Resource News International) — Canola basis levels should remain strong over the next few weeks, but could start to deteriorate once more of the harvest is complete and producers increase their deliveries. While old-crop canola supplies are large and new-crop production is starting to come off the fields, one canola broker thought exporters and domestic […] Read more
Canola basis firm, but likely not for long
Large grain stocks bearish for barley, oats
Reading Time: 2 minutes (Resource News International) — Ending stocks of most Canadian grain and oilseeds, as of July 31, were higher than they were a year ago, according to the latest Statistics Canada data released Wednesday. Market participants thought the stocks were particularly bearish for barley and oats, although most attention is now firmly on new crop prospects. […] Read more
Ethanol providing floor for feed wheat
Reading Time: < 1 minute (Resource News International) — Feed wheat bids in Western Canada have been falling steadily over the past month on ideas that more of the wheat crop will likely grade as feed this year. While bids from ethanol producers are also declining, that market could provide a slight premium for farmers within those catchment areas. Darren […] Read more
Improved yield prospects to weigh on canola
Reading Time: < 1 minute (Resource News International) — ICE Futures Canada canola futures are moving steadily lower, and could see more room to the downside if the weather conditions remain favourable across Western Canada, said a Winnipeg-based broker. “We’re certainly not out of danger in canola, but it looks like we’ll steadily get more of the crop moved along,” […] Read more
Oats show strength under old-crop pressure
Reading Time: 2 minutes (Resource News International) — Oats futures at the Chicago Board of Trade (CBOT) have seen some considerable strength over the past week, following the release of production numbers from Statistics Canada confirming Canada’s smaller crop. However, large old-crop supplies overhanging the market are expected to keep bids in the country from seeing much upside for […] Read more
Flaxseed bids eroding below canola
Reading Time: < 1 minute (Resource News International) — Expectations for a large Canadian flaxseed crop should weigh on prices and should eventually put the product at a discount to canola. In production estimates released Tuesday, Statistics Canada pegged the 2009-10 Canadian flaxseed crop at 915,000 tonnes, which would be up from 861,100 tonnes the previous year. Early market expectations […] Read more
Man. soybeans in good shape, but late
Reading Time: 2 minutes (Resource News International) –– Manitoba’s soybean crops are in good shape, but are behind in their development and will need the killing frost to hold off until the end of September, according to a soybean merchant in the province’s south-central region. “Things look OK,” said Mark Jorgensen of Delmar Commodities, a grain handling firm that […] Read more
Premiums could erode on canola without frost
Reading Time: < 1 minute (Resource News International) — Canola bids in Western Canada have a frost premium built into them that could erode if the crops make it through to harvest without significant damage, according to one analyst. Strong crusher demand, however, will keep basis levels firm even if prices decline, he added. Canola “is at a crossroads right […] Read more
Barley values pressured by cheap feed imports
Reading Time: 2 minutes (Resource News International) — Feed barley prices in Western Canada will likely see more downside, despite expectations for a smaller Canadian barley crop. That’s according to an Alberta feed grains broker who expected imports of cheaper U.S. corn and distillers dried grains to continue to weigh on prices. A seasonal lack of demand was weighing […] Read more
Ethanol plants a likely home for feed wheat
Reading Time: 2 minutes Any excess feed wheat grown in Western Canada this year should be able to find a home as an ethanol feedstock, according to an official with Husky Energy, although he says the company’s plants can use a wide variety of grains and will be in the market on a day-to-day basis for whatever makes the […] Read more
A message from April Stewart, Country Guide's Associate Editor
