Dwayne Klassen

(Resource News International) — Both the traditional commodity funds and the large commodity index funds have taken up long positions in the November ICE Canada canola futures contract.  Estimates from market participants placed the regular funds long about 20,000 contracts or more in the November canola future while the large index funds were long the […] Read more

(Resource News International) — Exceptional spring rainfall will severely impact 2010-11 western Canadian wheat, durum and barley production, leaving more than eight million acres unseeded, the Canadian Wheat Board said Friday. “The excess rain has washed away the hope of seeding for many farmers,” Bruce Burnett, the CWB’s director of weather and market analysis, said in […] Read more

(Resource News International) — Canola contracts on the ICE Futures Canada platform are expected to undergo some major declines over the next couple of months as acreage ideas climb as in the absence of any production problems. “The sideways to lower grind canola contracts have been experiencing will likely continue over the summer,” said Ron […] Read more

(Resource News International) — Favourable weather conditions have allowed producers in much of Alberta to make significant seeding progress, according to a provincial crop specialist Wednesday. Planting of the intended crops in the Peace River region of northern Alberta was complete, while those operations in the east and west-central regions of the province were roughly […] Read more

(Resource News International) –– Cash bids for edible beans in Manitoba have been described as discouraging and were reflecting an adequate supply situation as well as the absence of fresh demand. “The prices are discouraging right now, as the buyers are not willing to step up to the plate,” said Frank Reimer with Global Grain […] Read more

(Resource News International) –– Statistics Canada will release an updated grain and oilseed stocks in all positions report on Monday (May 10) and while the numbers will be monitored, few surprises are anticipated. Estimates for the period ended March 31 for canola, barley, oats and wheat were seen garnering most of the attention. “The numbers […] Read more

(Resource News International) –– Cash bids for feed barley in Western Canada have undergone some strengthening but the firmer price outlook does not extend too far forward. “Basically, what is happening is that feedlots are covering some nearby needs with producers being reluctant sellers,” said Jerry Klassen, manager with G.A.P. Grains of Winnipeg. “These end-users […] Read more

(Resource News International) — The administrative offices of ICE Futures Canada and ICE Clear Canada will soon move from the downtown site of their former trading floor, according to its CEO. Brad Vannan said the move from the building at Winnipeg’s Portage and Main, still named “Commodity Exchange Tower” for the former Winnipeg Commodity Exchange, […] Read more

(Resource News International) — Cash bids for feed barley in Western Canada have been holding fairly steady at some pretty weak levels and the outlook for values does not bode well. “There is no shortage of supply and that is one of the reasons values remain at some poor price levels,” said Jerry Klassen, manager […] Read more

(Resource News International) –– The U.S. Department of Agriculture’s prospective plantings report, released Wednesday, is not expected to have any significant impact on planting intentions of western Canadian farmers. USDA’s plantings report revealed U.S. soybean acreage this spring will be record large at 78.098 million acres. In the spring of 2009, U.S. producers planted 77.451 […] Read more