(Resource News International) –– Cash bids for edible beans in Manitoba have been described as discouraging and were reflecting an adequate supply situation as well as the absence of fresh demand. “The prices are discouraging right now, as the buyers are not willing to step up to the plate,” said Frank Reimer with Global Grain […] Read more
Edible bean bids called discouraging
Northern Alta. nearly done seeding: AARD
(Resource News International) — Dry and seasonable conditions allowed producers in the Peace River region of northern Alberta to make significant seeding progress, according to a provincial crop specialist on Wednesday. “Seeding is virtually complete in most of that area,” said Neil Whatley, a crop specialist with the Alberta Ag-Info Centre at Stettler. The lack […] Read more
Large supply base deteriorates oat bids
(Resource News International) — A large supply base of oats has been steadily deteriorating cash bids in Western Canada, in a downtrend not expected to end soon. “Oat supplies at the end of the 2009-10 crop year are expected to be the second largest on record,” said Real Tetrault, CEO of Emerson Mills at Emerson, […] Read more
Few surprises seen in “lame” StatsCan stocks report
(Resource News International) — There were few surprises in the grain and oilseed stocks in all positions report for the period ended March 31, released Monday by Statistics Canada. The numbers were expected to be quickly overshadowed by more dominating news such as the euro-zone bailout and Tuesday’s supply/demand updates from the U.S. Department of […] Read more
Lentil Demand Down, Acres Up, Price Outlook Bleak
Reading Time: 2 minutes The absolute disappearance of demand for lentils on the global market along with the huge jump in seeded area for Canada’s crop does not bode well for values in the cash market. “Prices for lentils are likely to continue to trend downwards in this kind of environment,” said Colin Young, manager of R. Young Seeds […] Read more
Prairie canola crush margins improve
(Resource News International) –– Demand for canola from Prairie processors continues to build, particularly as the facilities in the Yorkton, Sask. area continue to come on line. Premiums for canola have been offered in some areas. “Based on the way I calculate margins, the crush for the spot month as of Friday was in the […] Read more
Few surprises expected from StatsCan stocks data
(Resource News International) –– Statistics Canada will release an updated grain and oilseed stocks in all positions report on Monday (May 10) and while the numbers will be monitored, few surprises are anticipated. Estimates for the period ended March 31 for canola, barley, oats and wheat were seen garnering most of the attention. “The numbers […] Read more
Flax bids hold as exports surprise
(Resource News International) — Cash bids for flaxseed in Western Canada have been holding fairly steady and in some cases, have firmed, as exports of the commodity are pretty good. “Last fall, when Canada lost its ability to ship flaxseed to Europe, there were ideas stocks of flax would just begin to pile up, given […] Read more
Feed barley market firms as end-users stock up
(Resource News International) –– Cash bids for feed barley in Western Canada have undergone some strengthening but the firmer price outlook does not extend too far forward. “Basically, what is happening is that feedlots are covering some nearby needs with producers being reluctant sellers,” said Jerry Klassen, manager with G.A.P. Grains of Winnipeg. “These end-users […] Read more
Old-crop canola bids bounce, new-crop variable
(Resource News International) –– Old-crop canola bids in Western Canada have bounced both upward and downward over the last couple of weeks while new-crop bids continue to remain firm enough to entice a strong acreage base. “There have been premiums offered for canola by grain companies for spot delivery, but as quick as those premiums […] Read more
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