The value of oats on the Chicago Board of Trade (CBOT) has eclipsed the US$4 per bushel level, and producers in Western Canada hope they can soon see the same type of price. “There’s a strong correlation between Canadian and Chicago (CBOT) oat prices,” said grain merchant Ryan McKnight, president of Linear Grain at Carman, […] Read more
Oat market on the upswing
Wheat to see larger acre increase than barley
With wheat showing strong returns across Western Canada, it appears producers are showing more interest in wheat than barley “Wheat is garnering a significant portion of the acre increase, barley a little less so at the moment,” said Bruce Burnett, director of weather and market analysis with the Canadian Wheat Board in Winnipeg. Bill Craddock, […] Read more
Chickpeas rise on global weather concerns
(Commodity News Service Canada) — Chickpea prices have been trending higher over the past month, with weather problems in some of top-producing nations a key reason for the strengthening of the market. Omer Al-Katib, director of corporate affairs and investor relations with Alliance Grains in Regina, said in an e-mail that production concerns outside Canada […] Read more
Sunflowers edge higher
(Commodity News Service Canada) — Sunflower prices have been rising in Western Canada, but haven’t triggered much in the way of producer selling, as most farmers feel values will still go higher. Luc Remillard of Remillard Seed Farms at St. Joseph, Man., about 15 km east of Altona, said it’s been a wait-and-see process of […] Read more
Barley prices hold steady, for now
(Commodity News Service Canada) — The recent surge in commodity prices has not had a direct correlation to barley prices — yet. Jim Beusekom, with Marketplace Commodities in Lethbridge, said current demand for barley is not very strong right now. “End users are pulling back a bit, as they are covered quite nicely for product […] Read more
Oats go up with USDA report
Corrected, Jan. 17 — (Commodity News Service Canada) — Wednesday’s U.S. Department of Agriculture crop report, which showed lower stocks for both corn and soybeans, has sent oat values to fresh contract highs on the Chicago Board of Trade (CBOT), and higher in Western Canada. Canadian oat stocks are quite low at the moment, and […] Read more
Strong demand seen for yellow peas
(Commodity News Service Canada) — Pea producers have seen a bullish start to the marketing year, but may want to “get in while the getting is good,” according to one analyst. Chuck Penner, founder of LeftField Commodity Research in Winnipeg, said strong demand from exporters has been underpinning values of late. “The short-term outlook is […] Read more
Canada’s bison market on the rise
(Commodity News Service Canada) — Many agricultural markets across the world have been gaining strength of late, and prices for Canadian bison are no different. “If the past four years are any indication, demand has been growing at about a 17 to 20 per cent rate over that period of time,” said Mark Silzer, president […] Read more
Mexico may soon open to Canada’s canaryseed
(Commodity News Service Canada) — Canaryseed producers on the Prairies are hopeful their product can resume being shipped to a destination that used to be one of the largest importers. Mexico is currently not accepting any Canadian canaryseed, due to fears of weed seed — in particular, buckwheat — in the product. “They won’t take […] Read more
Prairie oat market seen on the rise
(Commodity News Service Canada) — Oats prices across the Canadian Prairies have been increasing of late, and the trend is likely to continue, according to a merchant. “Producers just aren’t able to find enough at the current basis level, so they are just waiting and strengthening it,” said Ryan McKnight of Linear Grain at Carman, […] Read more
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