MarketsFarm — The oats market in Western Canada is holding relatively steady despite seasonal harvest pressure, although yields failed to live up to earlier expectations. “Steady at harvest time is good,” said Scott Shiels, grain procurement merchant with Grain Millers in Yorkton. Prices often dip at harvest time due to increased deliveries, he noted, but […] Read more
Oats values hold steady at harvest
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
Variable yields supportive for mustard prices
MarketsFarm — Statistics Canada’s principal field crop production report last week estimated a significant drop in Canada’s 2019 mustard production. In September, the agency estimated Canadian mustard would total about 141,000 tonnes. However, due to challenging growing conditions and a slight reduction in acreage, the StatsCan estimates released Friday were revised downward to 134,600 tonnes. […] Read more
Saskatchewan mustard crop poised for strong finish
MarketsFarm — Mustard crops in southwestern and south-central Saskatchewan may have received enough rain to turn themselves around after a dry spring. “The area south of Highway 1 saw a lot of rain this year,” said Kevin Hursh, executive director of the Saskatchewan Mustard Development Commission. “They’ve seen a huge turnaround in their crop potentials.” […] Read more
Mustard prices weather the weather, remain flat
CNS Canada — Although mustard prices are flat, the ill-tempered weather experienced on the Prairies this fall had little effect on the crop’s quality. Jamie Stelmachowich of Besco Grain Ltd. at Homewood, Man. said despite the cold, wet weather, most mustard has been graded higher at No. 1 or 2. “The seed was turned already. […] 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 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
Mustard growers relish price spike from supply squeeze
Reuters — From Canada to India, there is a squeeze on mustard that has put producers in a pickle. Prices of the yellow condiment dabbed on hot dogs and pretzels have leaped to their highest level in seven years this autumn as growers in Western Canada, which supplies three-quarters of the world’s traded mustard seed, […] Read more
Spot mustard prices hit fresh highs on reduced acreage
CNS Canada — Producers who opted against selling mustard earlier in the season are now relishing the spot market, which is reaching fresh highs not seen since 2008 against contract prices. Delivered elevator prices are between 45 to 46 cents per pound for yellow mustard, 31 to 33 for brown, and 34 to 36 for […] Read more
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