Canola basis levels in Western Canada have been fairly unattractive and stable of late, but one analyst believes there could be a narrowing within the next month or so. Mike Jubinville, president of Pro Farmer Canada in Winnipeg, said it looks as though basis levels could begin to narrow once the calendar hits mid-June and […] Read more
Canola basis levels to fluctuate
Canola crush margins edge lower
After rallying early in 2011, canola crush margins have declined as the Canadian dollar has soared past the US$1.05 level during the first third of the calendar year. Ken Ball, a broker with Union Securities in Winnipeg, said the strength of Canada’s currency has a significant impact on canola crush margins. “Every cent off the […] Read more
Manitoba sunflower acreage to plummet
With many producers planning on seeding large amounts of canola and wheat this spring amid historically high prices, the crop that appears to be taking the largest hit in Manitoba because of this is sunflowers. In the 2011 planted area intention report from Statistics Canada released Tuesday, the government agency said only 65,000 acres are […] Read more
Plenty of wheat and canola to be seeded: StatsCan
Producers in Canada are expected to seed a lot of wheat and canola in 2011, according to the spring planting intentions report Tuesday from Statistics Canada. One of the crops expected to see a significant increase in acreage this spring is canola, but Mike Jubinville of Pro Farmer Canada in Winnipeg said he expects to […] Read more
Acreage increases expected in many crops
Canadian farmers are looking at the 2011 growing season as an opportunity to take advantage of historically high prices, and as a result, acreage on many crops should see an increase from 2010, according to trade estimates ahead of the Statistics Canada planting intentions report due out Tuesday (April 26). Ron Frost of Frost Consulting […] Read more
Live hog exports to U.S. stabilizing
After taking a significant hit for nearly four years, Canada’s live hog exports to the U.S. have begun to stabilize. Tyler Fulton, director of risk management with H@ms Marketing Services in Winnipeg, said the Canadian hog herd has also been stabilizing, so there are more animals that can be shipped. “The Canadian herd had been […] Read more
Bison becoming more attractive to producers
Even though prices have been rising significantly, it is expected that bison numbers in Canada will have declined from five years ago. However, with the prices trending higher, more and more producers are looking at getting into the industry and building herd numbers. Mark Silzer, president of the Canadian Bison Association in Regina, said surging […] Read more
Elevators covered, canola basis levels widen
Steady deliveries into the canola cash pipeline from western Canadian producers have given elevator companies ample supplies for the current crop year ending July 31, which has caused basis levels to widen, and in turn, lower cash bids. Bill Craddock, a farmer and trader in southern Manitoba, said elevator companies are not looking to buy […] Read more
Ontario winter wheat sees acreage increase
After the price of wheat shot up in the summer of 2010, many producers in Ontario locked in contracts and as a result, the province has seen an increase in winter wheat acreage this year. Peter Johnson, winter wheat specialist with the provincial ag ministry (OMAFRA) in Guelph, said one million acres were planted to […] Read more
Prairie winter wheat conditions remain a mystery
Wet and cool conditions across the Prairies have left a lot of uncertainty about the condition of the winter wheat crop that was planted last fall. Jake Davidson, executive manager with Winter Cereals Canada at Minnedosa, Man., said with so much snowpack still on the ground, it is virtually impossible to make an educated guess […] Read more
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