Lentil prices have been steady to lower across Western Canada for about the last month, thanks to a lack of global demand for Canadian product. Darren Lemieux of Simpson Seeds at Moose Jaw, Sask., said a number of usual buyers are busy producing their own crops, and consequently are not in the market. “The world’s […] Read more
Lack of demand hurts lentils
Yellow peas decline along with India frost fears
After reaching levels as high as $8 per bushel earlier this year, yellow pea prices have taken a tumble of late, as speculation of frost damage to India’s crop was not as severe as originally thought. “The frost thoughts in India were absolutely overdone. There was some damage done, but it certainly wasn’t a complete […] Read more
Japan places tender for Canadian wheat
Producers wondering whether the earthquake disaster in Japan would delay or halt grain exports to the country got an answer Tuesday as the Asian nation placed an order for high-protein Canadian wheat. Maureen Fitzhenry, spokesperson for the Canadian Wheat Board in Winnipeg, said it appears to be business as usual with Japan, at least for […] Read more
Indian Frost To Boost Demand For Peas
Reading Time: < 1 minute Cool conditions, and in some cases frost, have affected India’s dry pea crop, and that is expected to improve the export outlook for Canadian producers in the 2011-12 crop year, Fred Oleson, deputy director of the Market Analysis Group with Agriculture and Agri-Food Canada, told the annual Grain World conference in Winnipeg Feb. 28. “The […] Read more
Canola basis levels seen improving by mid-2011
Canola basis levels are now at levels that aren’t particularly favourable to producers, but one analyst believes levels will narrow within the next couple of months. Mike Jubinville, president of Pro Farmer Canada in Winnipeg, said commercial companies presently have a surplus of product, but will be looking to buy in a couple of months. […] Read more
No permanent solution yet on canaryseed exports
The midpoint of Canada’s interim agreement with Mexico on a “test and hold” policy for canaryseed shipments is fast approaching, and there is still no word on what will happen once the agreement expires June 21. “The interim period is continuing that allows cleaning upon arrival to occur in Mexico,” said Carl Potts of the […] Read more
Producers balk at locking in mustard contracts
With some uncertainty around agricultural markets thanks to unrest in the Middle East, a number of mustard producers intend to wait and see what prices do, as opposed to locking in new crop contracts. Tom Halpenny, CEO with Mustard Capital Inc. at Gravelbourg, Sask., said values have been moving higher over the past couple of […] Read more
DDGS market still solid, but demand easing
Prices for dried distillers grains with solubles (DDGS) have been holding steady and in most cases trending higher, but with those values strong, demand for the ethanol byproduct has been easing. Ryan Slozka, senior commodity trader with Rycom Trading in Kelowna, B.C., said lower cattle numbers in the country have meant less DDGS being used, […] Read more
Crush margins dependent on outside markets
After falling a week or two ago, canola crush margins have seen a rebound, thanks to an increase in ICE Futures Canada canola contracts, along with soybean and soyoil contracts on the Chicago Board of Trade (CBOT). Bill Craddock, a trader and producer in southern Manitoba, said where the crush margins go has a lot […] Read more
GrainWorld: Pork market dependent on grain prices
Canadian pork producers are starting to see a return to profitability, but it’s too early to tell if they are completely out of the woods yet. That’s according to Richard Anderson, executive vice-president of Informa Economics in Memphis, Tenn., who spoke Tuesday at the Canadian Wheat Board’s annual GrainWorld conference in Winnipeg. On the positive […] Read more
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