(Resource News International) –– Old- and new-crop canola bids in Western Canada continue to deteriorate, with producers less than happy with the situation. “The deterioration in canola futures at ICE Canada and soybeans at the CBOT have translated into some pretty low cash bids in Western Canada,” said Ken Ball, a broker with Union Securities […] Read more
New-crop canola bids continue to drop
Flax growers in limbo awaiting EU developments
(Resource News International) — Cash bids for flaxseed in Western Canada have managed to improve slightly, although producers continue to be hesitant to commit to the crop in the spring. “A lot of producers are in limbo, and are awaiting developments before deciding to go with the crop this spring,” said Richard Zacharias, general manager […] Read more
New-crop canola bids seen as unattractive
(Resource News International) –– New-crop canola bids being offered by grain companies in Western Canada are seen as unlikely to attract the acres required to meet industry needs. “Right now most new-crop bids for canola are under $9 a bushel, which is only going to cause area seeded to the crop to drop well below […] Read more
Crush margins for canola to improve
(Resource News International) –– Crush margins for canola in Western Canada have varied widely over the past month, although the weakening of the Canadian dollar over the past few days has raised hopes of an improvement in those levels. “Based on the way I calculate margins, the crush for the spot month as of Wednesday […] Read more
Prairie feed wheat bids seen firming
(Resource News International) –– Feed wheat cash bids in Western Canada have been holding at fairly steady levels, although there are ideas values will need to strengthen in order to meet domestic requirements. “There has been a fair amount of downward pressure on feed grain values, particularly from the sell-off in CBOT corn futures as […] Read more
Canola bids weaken, basis remains wide
(Resource News International) — Cash bids for canola in Western Canada have taken an abrupt downturn, with elevator companies widening out basis levels in order to deter producers from delivering. “Basis levels for canola by elevator companies really comes down to how badly they want the commodity,” said Gord Mitchell of Mitchell Grain Co. at […] Read more
Flax output seen down on further GM issues
(Resource News International) — Canadian flaxseed production in the upcoming 2010-11 crop year will be significantly lower than during 2009-10 if Canada’s ability to export it remains impeded in Europe, Japan and now Brazil, according to industry sources. “The concern that buyer after buyer would become concerned with importing GMO-contaminated flaxseed from Canada is slowly […] Read more
Argentine beef ban seen benefiting Canada
(Resource News International) –– The decision by the Argentine government to shut down its beef exports in an effort to increase domestic supply will definitely open the door of opportunity for other major beef exporting countries, including Canada, an official with the Canadian Beef Export Federation said. Argentina’s agricultural trade office, Oncca, stopped issuing export […] Read more
Competition for canola crop seen heating up
(Resource News International) — Competition for Canada’s canola crop is expected to increase significantly between domestic processors and the country’s canola exporters in 2010, industry officials said. “As more and more domestic processors come on line, the battle between the export and domestic sector is going to heat up and create good pricing opportunities for […] Read more
Prairie feed wheat bids consolidating
(Resource News International) –– Feed wheat cash bids in Western Canada have been consolidating at current levels, although the trend has been to the upside. “Much of the upward movement that has been seen in feed wheat is being linked to the change in the weather and to some extent a small pick up in […] Read more
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