GFM Network News

Yellow mustard bids solid

MarketsFarm — Yellow mustard bids remain solid in Western Canada, which should encourage acres this spring. “Yellow mustard started firming up after harvest,” said Walter Dyck of Olds Products. Poor conditions and quality concerns in the fall provided some of the support at that time, with top end bids still holding around 40 cents/lb. Brown […] Read more

Little excitement seen in mustard market

The bounce-back in Canadian mustard production in 2018 is unlikely to see any follow-through in 2019 as spot prices aren’t generating much excitement for producers despite tightening supplies. Yellow mustard is currently topping out at around 36 cents/lb., while brown mustard bids are in the 30- to 31-cent range, according to Prairie Ag Hotwire data. […] Read more

Mustard seeding to drop with higher stocks, competition

CNS Canada — Stockpiles of mustard are likely to put a squeeze on the number of acres seeded in Canada this year, especially as the commodity competes price-wise with canola. Olds Products, North America’s second-biggest mustard manufacturer, has started contracting acres in Alberta, Saskatchewan, North Dakota and Montana. Seed division manager Walter Dyck expects less […] Read more

Mustard prices hang tough despite wet weather

CNS Canada — Cold, wet weather that has downgraded the quality of some of Canada’s staple crops isn’t having the same effect on mustard, according to two experts on the specialty crop. While much of this year’s harvest is already over, a significant number of acres remains in Saskatchewan and Alberta, said Walter Dyck of […] Read more

Mustard prices feeling squeeze from acreage data

CNS Canada — Mustard prices are moving lower in anticipation of higher acres in Canada this year, a market participant says. “I think the increase in acres off of last year will definitely have an influence on prices. I think it already has,” said Walter Dyck of Olds Products. Last year, Canadian farmers planted 345,000 […] Read more

Low acres, high prices expected to continue for mustard

CNS Canada –– Canadian mustard production will likely see an upward bump in 2016, according to one buyer, but seeded acres won’t increase exponentially, despite strong prices. “It’s not going to be a big bounce-back year like we’ve had in the past whenever spot prices have increased like they have,” said Walter Dyck of Olds […] Read more