Dwayne Klassen

(Resource News International) –– The U.S. Department of Agriculture’s prospective plantings report, released Wednesday, is not expected to have any significant impact on planting intentions of western Canadian farmers. USDA’s plantings report revealed U.S. soybean acreage this spring will be record large at 78.098 million acres. In the spring of 2009, U.S. producers planted 77.451 […] Read more

(Resource News International) — Cash bids for flaxseed in Western Canada have trended in a fairly steady to slightly easier price pattern and there does not seem to be much in the way of developments to break it out of the status quo. “Every once in a while there are some improved opportunities for producers […] Read more

(Resource News International) — Old- and new-crop canola bids in Western Canada continue to deteriorate, with producers not exactly pleased with the situation. “Cash bids in general for old and new crop have been less than appealing to producers and could still play a role in exactly how much of the crop goes into the […] Read more

(Resource News International) — Cash bids in Western Canada for oats have been steadily trending downward as continued large supplies and the steady decline in CBOT oat futures depress values. “The drop in CBOT (Chicago Board of Trade) oat futures has definitely hurt the cash market in Canada,” said Bryan Cross, an oat grain buyer […] Read more

(Resource News International) –– Cash bids for mustard in Western Canada continue to remain disappointing and are not likely seen advancing anytime soon. “There is really an absence of demand from the European Union and that has hurt the bids,” said Mike Jubinville, a market analyst with ProFarmer Canada in Winnipeg. Part of the decline […] Read more

(Resource News International) –– The canola crush pace by western Canadian processors has picked up significantly despite the fact the Canadian dollar has been pushing towards parity with the U.S. greenback. “A lot of the extra capacity that we have been anticipating has finally started to kick in,” Ron Frost, a grains/oilseed analyst with the […] Read more

(Resource News International) — Feed pea prices in Western Canada have been on the decline as of late, but the outlook calls for some stabilization and possibly some recovery. “A lot of the downward pressure on feed pea bids has come as US soymeal, and subsequently, Canadian canola meal values, have dropped sharply over the […] Read more

(Resource News International) — Edible pea prices, for both yellows and greens, have been declining quite steadily in the face of poor demand and potentially larger-than-expected carryover into the 2010-11 season. “The price weakness can be attributed mainly to the decision by India to institute a domestic anti-hoarding policy,” said Mike Jubinville, a Winnipeg market […] Read more

(Resource News International) — Crush margins for canola in Western Canada have taken a severe downturn with firmness in the Canadian dollar and the sell-off in CBOT soyoil futures linked to the weaker trend. “Based on the way I calculate margins, the crush for the spot month as of Monday was in the $111.50 per […] Read more