GFM Network News

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 still high heading into harvest

CNS Canada –– The mustard market has been moving steadily higher in recent months, reacting to projections for reduced yield from Statistics Canada, which could spur selling straight out of harvest, one buyer says. Mustard prices gained throughout July and August, said Walter Dyck, a buyer for Olds Products. That’s largely due to estimates from […] Read more

Uncertainty over mustard acreage helps underpin market

CNS Canada –– Mustard acreage in Western Canada looks to remain relatively firm compared to last year’s total, according to an expert in the industry. However, he noted, ambiguity surrounding just how many acres will be seeded is keeping prices firm. Walter Dyck of Wisconsin-based Olds Products said there are few carry-over supplies of mustard […] Read more