The grain and oilseed stocks in all positions report Statistics Canada released Friday generally fell within industry expectations, with the exception of canola, with the stocks number suggesting 2010-11 carryover will be much tighter than anticipated. The federal statistics agency pegged Canadian canola stocks as of Dec. 31, in the 2010-11 crop year at 8.242 […] Read more
StatsCan report confirms tight canola supplies
Efforts afoot to restore beef access to Taiwan
(Commodity News Service Canada) — Various efforts are underway in hopes of allowing Canadian beef back into Taiwan, according to an industry representative. Taiwan, after finding traces of the feed ingredient ractopamine present in eight U.S. beef samples and one from Canada earlier this month, has banned the import of beef shipments. “There are currently […] Read more
Canola crush margins ease, demand remains strong
(Commodity News Service Canada) — Canola crush margins for western Canadian processors have weakened off slightly, but demand for the commodity remains strong. Some of the drop-off in profitability was attributed in part to some weakening of U.S. soy product values. The ability of the Canadian dollar to hold above parity with the U.S. greenback […] Read more
ICE Canada’s western barley futures near extinction
(Commodity News Service Canada) — Open interest in western barley futures has declined to virtually zero, which would normally signal that the end of the contract’s long and distinguished history is close at hand. However, officials from the Winnipeg-based exchange ICE Futures Canada are not ready to give up on the contract quite yet and […] Read more
Tight Canadian flax stocks keep bids strong
(Commodity News Service Canada) — Cash bids for flaxseed in Western Canada have held at strong levels and could again creep to even firmer levels as stocks of the commodity become extremely tight. Cash bids were reported to currently be in the $15 to $15.50 per bushel range, down slightly from the $16 level due […] Read more
Ont. winter wheat area, optimism up, specialist says
(Commodity News Service Canada) — The area seeded to winter wheat in Ontario was up from the previous season, but fell short of record expectations, according to an official with the Ontario government. “Planting of Ontario’s winter wheat crop got off to a great start, and there had been ideas that seedings could topple the […] Read more
Crop quality concerns strengthen canaryseed
(Commodity News Service Canada) — A smaller than anticipated harvest with questionable quality has helped to strengthen cash bids in Western Canada for canary seed. “We’ve seen bids over the past month climb as high as the 25 cent per pound area,” according to Earl Schnellert, a grain merchandiser with Agri-Tel Grain at Beausejour, Man. […] Read more
Prairie mustard bids range steady to disappointing
(Commodity News Service Canada) –– Cash bids for mustard in Western Canada continue to be classified as steady with little hope of advancing in the near future. “Essentially, it comes down to there being an absence of demand” for the various types of Canada’s mustard, said Cam Laxdal, manager of the Winnipeg export sales office […] Read more
Flax bids rise on bullish price ideas
(Resource News International) –– Cash bids for flaxseed in Western Canada have been holding steady to firm and were expected to see some additional strength, given uncertainty regarding the supply situation as well as a bullish outlook among producers. Cash bids for flaxseed were easily in the $14 per bushel range, if not higher, in […] Read more
StatsCan canola stocks top expectations, provide buffer
(Resource News International) –– There were a few unexpected surprises in the grain and oilseed stocks in all positions report from Statistics Canada Wednesday, with the biggest involving Canada’s canola supply. Specifically, the federal statistics agency’s canola carryover projection surpassed everyone’s pre-report expectations. Statistics Canada pegged Canadian canola stocks on-farm and in commercial positions as […] Read more
Cyber-Savvy Farmer
