A proposed class-action lawsuit against the federal government and G3, alleging millions of dollars of farmers’ money was improperly used to privatize the Canadian Wheat Board (CWB) in 2012, is a step closer to certification and litigation, says Stewart Wells, chair of the Friends of the Canadian Wheat Board, which is backing the suit. The […] Read more
CWB class-action suit a step closer to litigation
Manitoba Court of Appeal overrules lower court, allows case to seek certification
AgriStability proposal could have hidden cost, Pedersen warns
Manitoba's ag minister warns Bibeau's plan may hurt crop insurance, AgriInvest funding
Ottawa’s proposal for an improved AgriStability program could give farmers short-term gain for long-term pain, Manitoba’s agriculture minister Blaine Pedersen warns. At the online federal-provincial-territorial agriculture ministers’ meeting on Friday, federal Agriculture Minister Marie Claude Bibeau proposed dropping AgriStability’s maximum reference margin, and increasing the compensation rate from 70 to 80 per cent retroactively this […] Read more
Prairie cash wheat: Choppy U.S. futures lead to mixed bids
MarketsFarm — Spring wheat bids in Western Canada were mixed during the week ended Thursday, as choppy activity in U.S. futures spilled into the cash market. The futures traded within a wide range during the week, with the Minneapolis March spring wheat contract hitting its highest level in three weeks at one point before falling […] Read more
Prairie cash wheat: Bids post small gains across most of West
MarketsFarm — Bids were steady to higher this week in Western Canada for Canada Western Red Spring (CWRS), Canada Prairie Spring Red (CPRS) and Canada Western Amber Durum (CWAD) wheats. Gains in most U.S. wheat markets provided support as strength in the Canadian dollar kept a lid on further gains. Average CWRS (13.5 per cent […] Read more
Flax facing tightening supplies
MarketsFarm — Solid export demand has pushed Canadian flax prices up sharply over the past month, with the market working to ration demand amid expectations for tightening supplies. The flax market in general is “just gone crazy. We’re up 50 per cent since the start of harvest,” Scott Shiels of Grain Millers Canada at Yorkton, […] Read more
Feed weekly outlook: Export demand supports grain prices
MarketsFarm — There continues to be a very strong demand for feed grains with large amounts headed for export, according to Saskatoon-based trader Evan Peterson of JGL Commodities. “It’s driven the prices up and made a massive competition between feed for Alberta versus shipping it overseas,” Peterson said, noting China has been the main driver […] Read more
Klassen: Feeder market experiencing bottoming behaviour
Compared to last week, western Canadian yearling prices were down $4-$6 on average; however, mid-weight and lighter calves traded $4 lower to as much as $8 higher. The market was extremely variable for calves. Early in the week, prices in the Lethbridge area were actually $10 above values from seven days earlier but this faded […] Read more
Prairie cash wheat: Durum springs forward, red spring falls back
MarketsFarm — Bids in Western Canada were weaker for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats for the week ended Thursday, while there were increases for Canada Western Amber Durum (CWAD). Double-digit losses in U.S. wheat markets weighed on values and a drop in the Canadian dollar provided support. Average […] Read more
Feed weekly outlook: Prices plateauing
MarketsFarm — While prices for feed grains have risen over the last month along with several other commodities, they’ve now declined a little bit, according to Erin Harakal, senior trader with Agfinity in Stony Plain, Alta. “For short-term movement like November-December we’ve seen them come off the most compared to the late-January/early-March time frame,” she […] Read more
Pulse weekly outlook: Roquette plant now contracting organic yellow peas
Pricing to be at 'sustainable' level for growers
MarketsFarm — Roquette is now contracting for conventional and organic yellow peas for its new processing plant near Portage la Prairie, Man. After construction is finished at the end of 2020, the 200,000-square foot facility will work its way up to processing 125,000 tonnes of yellow peas per year. “We will be receiving peas in […] Read more
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