Reading Time: 2 minutes Canadian cash oat prices have slipped versus competitors like canola and wheat, a trend that could limit plantings in Western Canada this spring and have profound implications for supplies next year, analysts say. The prospect of a smaller-than-expected production increase this year would keep Canadian 2011-12 ending stocks small for a second straight year and […] Read more
Oat Prices Losing Ground Against Other Crops
Saskatchewan Sees Millions Of Fallow Acres
Reading Time: < 1 minute Canada’s top crop-growing province looks to lose millions more farm acres to flooding, unless it gets unusually favourable spring conditions, Saskatchewan’s agriculture minister said on Jan. 11. Last year, farmers left 11.6 million acres unplanted in Western Canada, up nearly one-third from the 10-year average because of excessive spring rain. Almost 80 per cent of […] Read more
Canada misses Japan wheat tender over low protein
(Reuters) — The Canadian Wheat Board didn’t fill a recent wheat tender from Japan because its wheat has a lower percentage of protein than Japan usually requires, a spokeswoman for the marketing agency said Thursday. But the CWB remains confident of filling future tenders from Japan, its fourth-largest wheat export market, after talks with Japan’s […] Read more
New demand shown for Canadian corn, in Spain
Two cargoes of Canadian corn were shipped to Spain in just over a month, a rare occurrence that underscores strong demand for the feed grain in Europe. Transport Canada spokeswoman Josianne Martel said on Wednesday that two ships, the Rodlo and Great Mary, left the port of Sorel, Que., with Canadian corn for Spain. The […] Read more
Analysts see return to profits for hog farmers
(Reuters) — Canadian hog farmers look to return to profitability later this year, slowing the pace of herd downsizing as high hog prices outweigh the negative effects of a surging Canadian dollar, industry analysts said Thursday. Hog farmers have suffered from several mostly unprofitable years because of high feed costs, a strong dollar and the […] Read more
Grain rally less speculative than in 2008: Ritz
(Reuters) — The recent rally in grain and oilseed prices is based more on concerns about crop levels than on speculation by investors, Canada’s agriculture minister said on Monday. Prices of crops such as wheat, corn, soybeans and canola are at their highest levels in more 2-1/2 years amid flooding in Australia and dryness in […] Read more
Food inflation, bad weather to lift agribusiness
(Reuters) — Shares of North American agricultural companies, from fertilizer makers to grain handlers, will likely surge this year as weather-related crop damage causes global food price inflation. With grain prices already around two-year highs to start the year, fertilizer makers like PotashCorp and Mosaic are among the big winners, since the more money farmers […] Read more
Canola meal exports up, U.S. to ease barriers
(Reuters) — Canadian exports of canola meal to the United States have picked up in the current marketing year, as the U.S. Food and Drug Administration (FDA) looks to ease restrictions on imports of animal feed with salmonella bacteria. The FDA posted a draft policy on its website last August that would limit its enforcement […] Read more
Prairie farmers seen seeding more flax
(Reuters) –– Canadian farmers will look to plant more flax this spring, but tight supplies in the meantime will slice exports to a five- or six-year low in the 2010-11 crop year, crop analysts said Monday. Canada, the world’s leading grower and exporter of flax, saw production fall to an 18-year low of 423,000 tonnes […] Read more
Wheat, seen overbought, falls by most in a month
(Reuters) — U.S. wheat futures posted their steepest decline in about a month on Tuesday as investors booked profits and made sales on a market that appeared overbought after an 11 per cent rise this month. A stronger U.S. dollar, potentially dampening commodity exports priced in the greenback, accelerated wheat’s slide early, but closer to […] Read more
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