Reading Time: 2 minutes China and other big grain importers embarked on a corn and soybean buying spree during the U.S. government’s 16-day shutdown last month, taking advantage of a lapse in mandatory reporting of their deals, data showed Oct. 31. Figures from the U.S. Department of Agriculture, which had halted collection of required weekly grain export sales information […] Read more
China and others quietly binged on U.S. grain during government shutdown
Prairie mustard outlook — high yields and stable price prospects
Reading Time: 2 minutes CNSC / High yields and good prices are making for a good season for Prairie mustard growers. “Prices in the spot market have stayed in the 38- (Canadian) cent area for yellow and brown mustard, so I think that indicates that by no means have we got a lot of extra mustard out there,” said […] Read more
New Odessa terminal sign of ‘growth’ in Ukraine grain exports
Reading Time: < 1 minute Louis Dreyfus Commodities has entered into a joint venture agreement with Brooklyn Kiev LLC to develop and manage a multi-commodity terminal in Odessa as it expands in one of the world’s top grain exporters. While Louis Dreyfus is already active in shipping grains from the Black Sea — a region which accounts for about a […] Read more
Yields good, but canary seed prices follow general downtrend
Reading Time: 2 minutes Despite harvest nearing an end, canary seed prices continue to downtrend due to reports of huge yields across Saskatchewan, however, Kevin Hursh, executive director for the Canaryseed Development Commission of Saskatchewan, said prices still compare favourably versus other crops. As of Oct. 17, Prairie Ag Hotwire had f.o.b. farm canary seed at 23 to 24 […] Read more
Grain industry reacts to CGC’s insurance-based security scheme
The plan is generally supported but KAP is disappointed protection won’t be extended to feed mill sales
Reading Time: 3 minutes Response to the Canadian Grain Commission’s (CGC) proposal to replace its current producer security program with an insurance scheme is mostly positive. But support is contingent on the new program being cheaper than the current one — something the CGC says will be the case, even though no figures have been released yet. Manitoba’s Keystone […] Read moreCanola continues trading in a narrow $15 range
What happens with soybeans in the U.S. and South America could be the catalyst that breaks canola out of its range
Reading Time: 2 minutes ICE Futures Canada canola contracts held rangebound during the week ended Oct. 18, with November contract keeping well within the roughly $15 range it’s found itself in for most of the past month. While a few fields are still remaining, the bulk of the canola harvest is finished for the year. The crop is generally […] Read moreLog-jam in grain movement has created a sweet spot for long oats
Frustrated oat buyers have been bidding up prices on old oat reserves as new oat supplies must wait in line in the grain-movement network
Reading Time: 2 minutes Reuters / Oat futures have been on a tear lately, jumping more than 20 cents a bushel, or 6.6 per cent, since the start of the month on concerns logistical log-jams will stall the movement of new oat supplies for several weeks. That’s seen many traders putting on a long oats versus short Chicago wheat […] Read moreLimited demand leads to stalemate in lentil market
Reading Time: < 1 minute CNSC / A lack of demand for western Canadian lentils and reluctance from growers to sell at current prices appears to have led to a stalemate. “Talking to the buyer side of things, there really isn’t any room for prices to move any higher at this moment,” said Shawn Madsen, operations manager for Southland Pulse […] Read more
Trade sees canola crop beating StatsCan’s expectations
Reading Time: 2 minutes ICE Futures Canada canola contracts moved lower during the week ended Oct. 4, and the November future settled only about $5 per tonne higher than the contract low of $472.40 per tonne. Canola futures were looking like they would end the week higher, as traders were covering short positions due to ideas that Statistics Canada […] Read more
CWB unveils plan to raise new equity
Reading Time: 3 minutes Western Canadian farmers will get $5 of equity in a privatized CWB for every tonne sold to the CWB this crop year. The offer was recently posted on CWB’s website, Gord Flaten, CWB’s vice-president for grain procurement, said in an interview. Details were issued to grain companies Sept. 19 and information is also being sent […] Read more
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