GFM Network News

High Alberta feed barley bids spur demand switching

Reading Time: 2 minutes The continuing upward trend in Alberta old-crop feed barley cash bids over the past few months is seen to be making other feed grains more attractive to buyers. “We’ve seen inclusion rates of feed wheat go up, so feedlots are buying more feed wheat because it’s more cheaper than feed barley,” said Jim Beusekom, a […] Read more

Western Canadian flaxseed prices edge higher

Reading Time: 2 minutes Western Canadian flaxseed cash bids have advanced in the past month, with fresh export demand along with tight supply concerns contributing to the firmness, said an industry participant. “The Chinese market has really helped out western Canadian flax prices this year,” said Chuck Penner, an analyst with Left Field Commodity Research in Winnipeg, Manitoba. The […] Read more

Planned Prairie canaryseed acreage surprises industry

Increased intended Prairie canaryseed acreage this spring, as reported by Statistics Canada last week, is seen as surprising given the lack of demand, and limited price competitiveness with other crops. "Overall demand for birds is down so much, canaryseed is just not needed," said Maurice Coupal of GrainEx International at Sedley, Sask., about 50 km […] Read more

Tight supply moves flaxseed prices higher

Reading Time: < 1 minute Western Canadian flaxseed spot bids continue their bullish trend, up from late-January lows. Firm export demand, along with tighter supplies have added towards the upward price action, a senior grain company merchant said April 17. “Export demand for flaxseed has been good for April, May and June.” Some of the underlying support seen in spot […] Read more

Forage exports remain strong

While Canadian forage exports remain firm with solid U.S. demand and interest from China providing some underlying support, concerns remain that transportation issues and exports from the U.S. Midwest may limit further upside potential. Wayne Digby, executive director of the Canadian Forage and Grassland Association, said some of the underlying support in Canadian exports has […] Read more

New-crop canola cash values advance

New-crop Prairie canola bids continue their bullish trend seen since the start of 2012. However, talk of overbought positions in the futures, and the looming idea of large seeded canola area across Western Canada this spring, may cap further gains. Mike Jubinville, an analyst with ProFarmer Canada in Winnipeg, said some of the underlying support […] Read more

Recent Prairie rainfall good news for farmers

Recent precipitation across the Prairies has helped ease some of the dryness concerns in the region, and was welcomed by farmers ahead of spring seeding. "One of the impacts, psychologically, with the recent rainfall is it’s been tremendous for farmers," said Stuart McMillan, a weather and crop analyst with the Canadian Wheat Board in Winnipeg. […] Read more

Tight supply strengthens Prairie flax prices

After struggling for quite some time, flaxseed values in Western Canada have slowly started to strengthen and there are ideas the uptrend should continue in the near future. "Tight global supplies have certainly helped the strengthening of flax bids," said Mike Jubinville of ProFarmer Canada in Winnipeg. The fact flax supplies in Western Canada are […] Read more

Tight supply, strong demand boost feed wheat bids

Prairie feed wheat cash bids have advanced in the past month. Firm demand, along with tightness in the cash market has amplified the upward price trend, said an industry participant. "There is been more feed wheat bids than offers," said Jim Beusekom, an analyst with Market Place Commodities at Lethbridge, Alta. Some of the strength […] Read more