(Resource News International) — With time quickly running out for producers in Western Canada to plant a crop, there are ideas that acres seeded to canola may be a bit more than what Statistics Canada had forecast. Barley area, meanwhile, was expected to be down, while wheat area was seen holding about steady. “Favourable returns […] Read more
Forecasts see Prairie canola acres up, barley down
Small jump seen in Prairie barley cash bids
(Resource News International) — Barley bids in Western Canada have seen a small improvement over the past couple of weeks, an increase associated with the price climb in other commodities and ideas that 2009 barley acres will be reduced. “Some of the price hike can certainly be traced back to the general upward price move […] Read more
Fundamentals support higher canola bids
(Resource News International) — Cash bids for both old- and new-crop canola contracts have strengthened significantly over the past week and while there appears to have been a downturn in nearby demand, the fundamentals continue to suggest further upward price action is in the cards. “The basis for canola has been holding together very reasonably […] Read more
Prairie feed wheat bids stagnant
(Resource News International) — Feed wheat cash bids in Western Canada have been holding at some pretty stagnant levels over the past couple of weeks, with most market participants anticipating that values will continue to slowly erode. “Cash prices for feed wheat in Alberta have been holding around the $160 per tonne level over the […] Read more
Man. rail movement to resume as water recedes
(Resource News International) — Floodwaters along the Red River in southern Manitoba have receded enough that Canada’s two national railway companies have resumed or will resume operations on their rail line subdivisions in the region in the very near future, according to spokespersons from each railway. “Canadian Pacific Railway (CPR) resumed service on its subdivision, […] Read more
Oat bids improve against dollar, supply pressures
(Resource News International) — Cash bids in Western Canada for both old- and new-crop oats have begun to improve slightly but the upside continues to remain limited in view of the strong Canadian dollar and the large supply situation. “We’ve certainly seen bids for both old- and new-crop oats climb somewhat as there has been […] Read more
Weather prompts ideas of more flax acres
(Resource News International) — Continued cold and wet weather conditions across much of Manitoba and into eastern regions of Saskatchewan are forcing producers to look at alternative crop choices, including flaxseed. “Over the past week or so there has been a lot of producers in both provinces picking up flaxseed from seed dealers as the […] Read more
Demand lifts old-crop canola, new crop lags
(Resource News International) — Old-crop canola bids continue to sit at price levels higher than new-crop, with demand being linked to this phenomenon. “It’s all about the record pace of exports and the record level of canola being crushed by processors that are helping to keep old canola at a premium to new-crop at this […] Read more
Barley area seen up despite poor cash bids
(Resource News International) — The area seeded to barley by producers in Western Canada may actually be higher than anticipated despite cash bids for the commodity remaining depressed. “While it’s hard to conceive that barley area will increase given the poor cash bids for the commodity and the likelihood those values will remain depressed heading […] Read more
Area seeded to peas seen down, not up
(Resource News International) — The amount of area to be seeded to peas this spring in Western Canada is seen to be less than expected, not more, with weather and huge carry-in supplies likely to cause producers to switch out of the crop. “I am a little skeptical of the recent planting survey from Statistics […] Read more