CNS Canada — Farmers with oats to sell and end-users willing to buy them are far apart in terms of price right now, limiting how much business is actually taking place. Major U.S. customers are well covered for the time being, “with enough to last for a few months worth of milling,” said Ryan McKnight […] Read more
Tag Archives oats — page 13
Oats’ buyers, sellers far apart on price
Oats steady and low, but price-wise the worst is over
Manitoba’s oat market is sitting low and stagnant, but since the commodity traditionally tracks corn futures, prices aren’t likely to depreciate further, says a U.S. analyst. “I think Manitoba farmers were expecting a lot better and Saskatchewan farmers were expecting a lot worse, but really when the combines got in the field—you know everything was […] Read more
Oat prices remain under pressure
CNS Canada –– Oat prices continue having trouble breaking through key resistance figures as harvest winds down across the Prairies. “They’re (prices) below what farmers like… having trouble breaking that $3 a bushel level in Manitoba and $2.50 in Saskatchewan,” said Ryan McKnight of Linear Grain at Carman, Man. So far, he said, very few […] Read more
Little upside in oats as futures hit five-year lows
CNS Canada –– Oats futures in Chicago are trading at their lowest levels in five years, and cash bids in Western Canada are also doing little to encourage farmer selling. September oats at the Chicago Board of Trade settled Monday at US$2.2325, the lowest close for the front-month contract since June 2010. Cash bids are […] Read more
Gluten-free claim allowed on some oat products
Celiac sufferers needing foods free of gluten will now be able to get certain oat products with a “gluten-free” claim. Federal Health Minister Rona Ambrose on Friday announced the allowed claim for oat products that are produced and processed to avoid cross-contamination by gluten from other cereals’ grains and products. Celiac disease, a hereditary condition, […] Read more
Big oats intentions surprise market
CNS Canada — A surprisingly large increase for oats acres in Statistics Canada’s planting intentions report on Thursday led to a quick drop in prices. However, actual area will likely come in below the early expectations, as declining prices should cause some acres to shift elsewhere. Oats plantings were pegged at 3.6 million acres by […] Read more
Oats market cold in Western Canada
CNS Canada –– The oats market in Western Canada has gone cold, with little heat expected until closer to spring seeding. “The basis is the thermometer, and right now oats are getting cold,” said Ryan McKnight of Linear Grain at Carman, Man., noting basis levels were generally fading. “We’re just not seeing much demand for […] Read more
Oat growers wait for better prices in 2015
CNS Canada –– High freight costs and a reluctance by farmers to sell at current prices has made for a sluggish start to the New Year for oats, according to an industry participant. “Price expectations for oats are higher than what the current market is offering,” said Ryan McKnight, grain merchandising manager at Linear Grain […] Read more
Ont. oat, barley growers approve GFO entry
Ontario’s barley and oat growers have voted just over three-quarters in favour of representation by the province’s wheat, corn and soybean growers’ organization. Grain Farmers of Ontario (GFO) confirmed Monday that eligible growers voted 77 per cent in favour of the move in a November vote conducted by the Ontario Farm Products Marketing Commission. GFO […] Read more
Oats prices drop to two-and-a-half-year lows
CNS Canada –– Oats prices at the Chicago Board of Trade dropped to their weakest levels in two-and-a-half years over the past week, and cash bids in Western Canada have followed suit. While the largely speculative price drop could bring in more bargain-hunting demand, both end-users and farmers have moved to the sidelines for the […] Read more
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