(Resource News International) –– Cash bids for mustard in Western Canada continue to remain disappointing and are not likely seen advancing anytime soon. “There is really an absence of demand from the European Union and that has hurt the bids,” said Mike Jubinville, a market analyst with ProFarmer Canada in Winnipeg. Part of the decline […] Read more
Mustard bids remain disappointing
Feedlots look to cover nearby barley needs
(Resource News International) — Cash bids for feed barley in Western Canada have been holding fairly steady and were a bit firmer in some locations of the Prairies, as feedlots look to cover some nearby needs. “Most of the feedlots have covered the bulk of their requirements, but there are still a few that would […] Read more
Canola crush pace picks up
(Resource News International) –– The canola crush pace by western Canadian processors has picked up significantly despite the fact the Canadian dollar has been pushing towards parity with the U.S. greenback. “A lot of the extra capacity that we have been anticipating has finally started to kick in,” Ron Frost, a grains/oilseed analyst with the […] Read more
Feed pea cash bids to improve
(Resource News International) — Feed pea prices in Western Canada have been on the decline as of late, but the outlook calls for some stabilization and possibly some recovery. “A lot of the downward pressure on feed pea bids has come as US soymeal, and subsequently, Canadian canola meal values, have dropped sharply over the […] Read more
Pea values keep dropping as India opens bins
(Resource News International) — Edible pea prices, for both yellows and greens, have been declining quite steadily in the face of poor demand and potentially larger-than-expected carryover into the 2010-11 season. “The price weakness can be attributed mainly to the decision by India to institute a domestic anti-hoarding policy,” said Mike Jubinville, a Winnipeg market […] Read more
Canola crush margins take downturn
(Resource News International) — Crush margins for canola in Western Canada have taken a severe downturn with firmness in the Canadian dollar and the sell-off in CBOT soyoil futures linked to the weaker trend. “Based on the way I calculate margins, the crush for the spot month as of Monday was in the $111.50 per […] Read more
Significant drop expected in flax acres
(Resource News International) — Canadian flaxseed production in the upcoming 2010-11 crop year is expected to be down significantly from the level achieved in 2009-10, based on data from Informa Economics. Speaking this week at the Canadian Wheat Board’s annual GrainWorld conference in Winnipeg, Chuck Penner, senior consultant with Informa Economics, estimated 2010-11 Canadian flaxseed […] Read more
DDGS use leaves barley bids deteriorating
(Resource News International) — The convenience for end-users importing dried distillers grains with solubles (DDGS) into Western Canada continues to cause cash bids for barley to deteriorate. The loss in barley`s cash value was seen continuing, given that DDGS have now become part of a scheduled program by the feedlot industry. “The need to cover […] Read more
Limited opportunities seen for flax
(Resource News International) — Cash bids for flaxseed in Western Canada continue to remain depressed overall, but there have been opportunities where values have increased, albeit temporarily. “There were some old-crop flaxseed cash bids along the Manitoba/Saskatchewan border that were reportedly in the $9 a bushel area, f.o.b. April/May,” according to Mike Jubinville, a market […] Read more
U.S. EPA news improves canola crush margins
(Resource News International) — Crush margins for canola in Western Canada have seen some significant improvement over the past week, with the uptrend continuing in the weeks ahead. “Based on the way I calculate margins, the crush for the spot month as of Monday was in the $122 per tonne range,” said Bill Craddock, a […] Read more
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