Reading Time: 4 minutes Canola futures on the ICE Futures Canada trading platform were mixed during the week ended Jan. 20, with the nearby months seeing small gains while the deferred values were slightly weaker. A continued strong export lineup at Canada’s West Coast, along with strong domestic demand from the processing sector, helped to generate some of the […] Read more
Canola acreage seen approaching a record 20 million acres
Five Alberta malt barley growers honoured
Reading Time: < 1 minute Fifteen barley producers from across Canada are being honoured under the Elite Barley grower recognition program for their excellence in producing malt barley in 2011. The industry-sponsored program celebrates the best production techniques but also to shine a spotlight on the value of malt and malt barley production to the Canadian economy and agriculture in […] Read more
Lethbridge biodiesel plant nearing completion
Reading Time: 3 minutes A biodiesel plant under construction just outside Lethbridge will start production in a couple of months. Kyoto Fuels Corp. expects to produce 66 million litres of canola-based biodiesel annually beginning in February or March, and will consume about 650,000 acres’ worth of production. It will be the country’s largest biodiesel plant and the only plant […] Read more
Farmers get marketing “wake-up call”
Reading Time: 4 minutes The open market is coming and wheat farmers have a lot to learn in a hurry, marketing experts told farmers attending Ag Days, Manitoba’s largest annual farm show here this month. The wheat board’s sales director assured farmers that it would also be around after Aug. 1 (see page 8), but whether they go with […] Read more
Large Barley Crops Weigh On PRO
Reading Time: < 1 minute The Canadian Wheat Board projected lower wheat values in its latest Pool Return Outlook for the current marketing year. Wheat values are down $1 to $14 per tonne from last month s outlook as concerns about the world economy and global wheat fundamentals pressure prices. Durum values lost between $1 and $25 per tonne. Malting […] Read more
Plan Deferrals Early: CWB
Reading Time: < 1 minute Farmers who plan to defer upcoming CWB final payments are encouraged to plan ahead and act early, well before the payment is issued. Farmers can defer online through e-Services, or by calling 1-800-275-4292 with their PIN and ID number. Deferral is available for farmers using direct deposit and those who receive cheques.
Global Economic Grief Puts ICE Canola Under Pressure
Reading Time: 3 minutes Canola futures on the ICE Futures Canada trading platform suffered some significant downward price action during the week ended Nov. 25. Much of the price weakness continued to be influenced by the worsening global economic outlook as well as by expanding financial problems in the euro zone. The modest to sharp declines in the CBOT […] Read more
Putin Warns Grain Traders
Reading Time: < 1 minute Russian Prime Minister Vladimir Putin has warned grain traders that tariffs will be re-imposed if exports threaten domestic supplies. Russia will approximately export 24 to 25 million tonnes of grain… after that we will introduce certain limits in order not to leave the country with no bread, said Putin. This means that those who are […] Read more
Markets Toss And Turn On Economic Uncertainty
Reading Time: 3 minutes ICE Futures Canada canola contracts bounced around within a relatively narrow range during the week ended Oct. 28, posting declines in most months, aside from the nearby November. The gains in the front month were tied to position-evening ahead of deliveries against the contract, as traders exited their positions in November and the spread narrowed […] Read more
Record U.S. Edible Oil Imports Expected
Reading Time: < 1 minute U.S. vegetable oil imports are likely to touch a new record as demand, especially for biofuels outstrips supplies, according to Hamburg-based oilseeds analysts Oil World. American edible oil imports will rise to 3.90 million tonnes from 3.80 million tonnes in 2010-11, it forecasts. Palm oil will be the main beneficiary, with U.S. imports likely to […] Read more