Western Canadian oats have seen a bump in value over the past few weeks, as logistical issues across the Prairies have been bullish for prices. “It’s been pretty volatile,” said Ryan McKnight, grain merchant for Linear Grain at Carman, Man. “Prices strengthened over the last couple of weeks, because there’s not a lot of oats […] Read more
Oat prices boosted by logistical issues
U.S. trans-fat ban could boost demand for non-soy oils
The U.S. Food and Drug Administration’s (FDA) plan to phase out the use of trans-fat in processed foods may lead demand for soyoil into a major decline in the next few years, opening the doors for other edible oil markets. Thursday’s FDA announcement “was really a surprise,” Dave Lehman, managing director of commodity research and […] Read more
Black Sea region developing into major global grain exporter
The Black Sea region’s development as a big player on the global export market is seen continuing, as it has become one of the biggest exporters of wheat in the world. “The region went from being one of the biggest net importers to one of the biggest exporters of grain,” said Dr. Dmitry Rylko of […] Read more
World needs more soybeans relative to corn, analyst says
Despite a large U.S. soybean crop, the global ratio of corn to soybeans is still wide — meaning South America needs to produce a strong crop this season. “The world needs more soybeans relative to corn,” Karl Skold of Bunge North America told the Cereals North America global grain conference in Winnipeg. “We need to […] Read more
Lethbridge barley rallies slightly, could decline again
Lethbridge barley saw a slight bump in prices the last few weeks, but Jim Beusekom, grain broker at Marketplace Commodities in Lethbridge, said prices could see further lows depending on the price movement of other feed markets. “Through the second half of October, we’ve seen the market rally just slightly in Lethbridge,” he said. “Prices […] Read more
Lentil prices remain competitive for Western growers
A large crop and competitive prices for Western Canadian lentils has many Prairie growers optimistic as they begin the market their crop over the next 10 months, said Bobby Leavins, operations manager for Rayglen Commodities in Saskatoon, Sask. According to Statistics Canada, Western Canada’s lentil production is pegged at 1.709 million tonnes, which would make […] Read more
Prairie forage supplies replenished
A good year has allowed Prairie producers to replenish forage supplies. “For the most part, yields were average to above average,” said Daphne Cruise, regional crops specialist for Saskatchewan Agriculture. “It looks like we’re still fairly average in terms of quality.”Alfalfa and alfalfa/brome hay, which make up the majority of forage crops in Saskatchewan, averaged […] Read more
Rally in green pea prices creates large spread with yellow peas
The spread between Western Canadian green and yellow peas is close to $6.00 per bushel, as a $2.00 per bushel rally seen by green peas since the beginning of October has prices at levels that many producers didn’t see coming. “Green peas continue to climb and we’re seeing a 12 in front of those […] Read more
Strong global demand For Canadian flax boosts prices
U.S. and Chinese demand for Canadian flax remains strong, but Will Hill, president of the Flax Council of Canada, said that increased import demand from the European market has helped with the boost prices have seen lately. “From what I’m understanding, Eastern Europe’s crop is not as good as it was two years ago, so […] Read more
Canary seed could be more profitable than cereals this harvest
Despite harvest nearing an end, canary seed prices continue to downtrend due to reports of huge yields across Saskatchewan. However, Kevin Hursh, executive director for the Canaryseed Development Commission of Saskatchewan, said prices still compare favourably versus other crops. As of Thursday, Prairie Ag Hotwire had FOB farm canary seed at 23 to 24 cents […] Read more
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