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
Oat growers wait for better prices in 2015
Chance of full-blown El Nino seen fading
CNS Canada –– Despite frequent predictions that an El Nino weather event would unfold in early 2015, a well known weather expert says it’s growing more and more unlikely we will see one anytime soon. “The latest data suggests a weakening trend and even though we have some of the symptoms of El Nino we’re […] Read more
Feed barley values seen ‘popping’ in January
CNS Canada –– Western Canadian feed barley prices remained firm to start the year, with bids having enjoyed a gradual rise from the $190 per tonne range in late November to the current level of $210 per tonne. “Bids have firmed up, not surprisingly it’s kind of popping in January,” said Allen Pirness, a trader […] Read more
Lower-quality malt barley still commanding firm prices
CNS Canada — Western Canadian malt barley is still receiving firm bids despite a lack of high-quality supplies, according to industry watchers. “Prices are still fairly high but quality is fairly low.” said Reid Fenton, president of BLB Grain Group at Three Hills, Alta. “If it grows, it goes,” is how he described the current […] Read more
Record cattle prices subside across Western Canada
CNS Canada — This year’s bull run for the cattle market in Western Canada appears to have come to an end. While bids across the Prairies are still high, they are a cut below the record highs seen earlier in the fall. “In less than two weeks the futures market for March, on the feeder […] Read more
CBOT weekly: Chinese demand weighs on corn, soy
CNS Canada — As the price of oil falls and wheat surges in price due to volatility in Russia, investors in corn and soybean markets are looking to China for near-term direction just days before the calendar year comes to an end. Corn futures at the Chicago Board of Trade finished higher during the week […] Read more
Edible beans see price weakness against Mexican exports
CNS Canada –– Black beans, coloured cranberry and kidney beans are leading the way as Manitoba’s edible bean crop heads to market. According to one industry expert, prices for black beans are in the high 20s (cents per pound) while coloured cranberry and kidney beans are a bit higher. Pintos are bringing up the rear […] Read more
Diesel prices to soften in January, analyst says
CNS Canada — Prices for diesel are expected to come down to between $1 to $1.10 per litre across Canada by early to mid-January, according to an oil analyst. Prices for regular gasoline sank weeks ago, shortly after crude oil plunged on the world market. Diesel, however, remained staggeringly high and is still listed at […] Read more
Chickpeas face pressure from cheap Russian exports
CNS Canada — Cheap Russian exports of chickpeas are driving down the cost of the commodity worldwide, though one Canadian marketer says a new type of seed is helping domestic growers make financial inroads. “We’re still facing stiff competition from other producing countries, primarily B90 (seeds) out of Russia,” said Colin Young, owner of Midwest […] Read more
Mustard prices softening, but oriental holding its own
CNS Canada — Mustard prices have been drifting lower but oriental varieties have been showing relative strength. Despite a turbulent growing season, complete with hailstorms and excess rain, a prominent mustard merchant says most of the samples he’s seen to date are No. 1 grade. Walter Dyck, a buyer with Wisconsin-based Olds Food Products, said […] Read more
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