Reading Time: < 1 minute (Resource News International) — Expectations for tighter supplies down the road should keep oats reasonably supported compared to other grains. “For the long-term, oats are fundamentally bullish,” said Ryan McKnight of Linear Grain at Carman, Man., noting that the carryout for 2009-10 is expected to be below the five-year average. He expected oats would strengthen […] Read more
Tightening oat stocks to underpin market
Harvest weakness likely in mustard
Reading Time: < 1 minute (Resource News International) — Mustard bids in Western Canada have held reasonably steady over the past month, but could see some weakness over the next few months if crop conditions remain reasonably favourable. “It’s raining as we speak,” said Baine Fritzler, chair of the Saskatchewan Mustard Development Commission, on Wednesday morning. The moisture will definitely […] Read more
More upside unlikely for Prairie barley
Reading Time: < 1 minute (Resource News International) — Feed barley bids in Western Canada have moved higher over the past few weeks, as dry weather in Alberta has led to some concern about yields, while also increasing demand due to tight forage supplies. However, prices may be nearing their upper limit and could start to soften, according to a […] Read more
New ICE barley futures seen improving discovery
Reading Time: 2 minutes (Resource News International) — The newly revised western barley contracts on the ICE Futures Canada platform are slowly building their open interest and are expected to eventually provide a better mechanism for price discovery and risk management. The revised barley contracts started trading June 2, with the November 2009 contract the nearest month. The major […] Read more
Edible pea market watching weather
Reading Time: < 1 minute (Resource News International) — The edible pea market in Western Canada is watching the weather along with most other commodities for the time being. Dry conditions in the pea-growing regions of southwestern Saskatchewan, along with slightly smaller seeded area, should provide some support for new-crop values, although end-use customers appear content to wait on the […] Read more
Sask. gets much-needed rain, in some cases too late
Reading Time: < 1 minute (Resource News International) — Widespread rainfall over the weekend provided much-needed precipitation for some of the drier areas of Saskatchewan. But the moisture may have come too late for some crops and was all but non-existent in most of the dry areas of Alberta, Bruce Burnett, head of the Canadian Wheat Board’s weather and crop […] Read more
Poor growing conditions seen boosting mustard values
Reading Time: 2 minutes (Resource News International) — Mustard prices in Western Canada have held reasonably steady over the past month, but could be poised to climb higher given the adverse growing conditions in prime mustard-growing regions of Alberta and Saskatchewan. “We’re in quite a dilemma because of the lateness and the dryness of the crop,” said Gordon Crone […] Read more
Oats bids lag futures, could go lower
Reading Time: < 1 minute (Resource News International) — Cash oats bids in Western Canada have shown some strength over the past month, but have lagged Chicago Board of Trade (CBOT) oats futures considerably. With the futures dropping in recent days, cash values could also be due to turn lower, although to a lesser extent, observers suggest. Mike Jubinville of […] Read more
Changes predicted for barley on Winnipeg’s ICE
Reading Time: 2 minutes (Resource News International) — The thinly-traded western barley futures on the ICE Futures Canada platform may see some changes in the near future in an attempt to bring more trading interest to the commodity. Open interest in the barley futures market has steadily eroded over the past few months. Currently there are only about 2,400 […] Read more
Alberta crops need rain, heat
Reading Time: 2 minutes (Resource News International) — Spring seeding is mostly complete in Alberta, but producers there are now in desperate need of rain and warmer temperatures to help the crops along, according to a provincial crops specialist. “This might not be the year to grow corn, let’s put it that way,” Harry Brook, a crops specialist with […] Read more
A message from April Stewart, Country Guide's Associate Editor
