(Resource News International) –– Crush margins for canola in Western Canada have varied widely over the past month, although the weakening of the Canadian dollar over the past few days has raised hopes of an improvement in those levels. “Based on the way I calculate margins, the crush for the spot month as of Wednesday […] Read more
Crush margins for canola to improve
Prairie feed wheat bids seen firming
(Resource News International) –– Feed wheat cash bids in Western Canada have been holding at fairly steady levels, although there are ideas values will need to strengthen in order to meet domestic requirements. “There has been a fair amount of downward pressure on feed grain values, particularly from the sell-off in CBOT corn futures as […] Read more
Prairie mustard bids seen as steady to disappointing
(Resource News International) — Cash bids for mustard in Western Canada are currently being classified anywhere from “mediocre” to a “disaster.” Of the mustard varieties, browns were seeing having the most problems at present. “There are very few farmers who I know of that can make money off of selling brown mustard at 20 cents […] Read more
Canola bids weaken, basis remains wide
(Resource News International) — Cash bids for canola in Western Canada have taken an abrupt downturn, with elevator companies widening out basis levels in order to deter producers from delivering. “Basis levels for canola by elevator companies really comes down to how badly they want the commodity,” said Gord Mitchell of Mitchell Grain Co. at […] Read more
Canola crush targets hit skid on FDA restrictions
(Resource News International) — Canada’s canola crush capacity has been steadily expanding, but the red-flagging of processors who ship canola meal into the U.S. for salmonella contamination will prevent the domestic industry from achieving its 2009-10 marketing goals. The U.S. Food and Drug Administration’s (FDA) clampdown on Canadian canola meal entering the U.S. with salmonella […] Read more
Flax output seen down on further GM issues
(Resource News International) — Canadian flaxseed production in the upcoming 2010-11 crop year will be significantly lower than during 2009-10 if Canada’s ability to export it remains impeded in Europe, Japan and now Brazil, according to industry sources. “The concern that buyer after buyer would become concerned with importing GMO-contaminated flaxseed from Canada is slowly […] Read more
Canola sector working to resolve U.S. blockages
(Resource News International) — Efforts between Canada’s oilseed processors and the U.S. Food and Drug Administration (FDA) to resolve canola meal blockages remain ongoing, industry officials said. Some of Canada’s largest canola processors, including Bunge, ADM, Cargill and Viterra have seen their canola meal shipments blocked at the U.S. borderm where officials cite the presence […] Read more
Argentine beef ban seen benefiting Canada
(Resource News International) –– The decision by the Argentine government to shut down its beef exports in an effort to increase domestic supply will definitely open the door of opportunity for other major beef exporting countries, including Canada, an official with the Canadian Beef Export Federation said. Argentina’s agricultural trade office, Oncca, stopped issuing export […] Read more
Competition for canola crop seen heating up
(Resource News International) — Competition for Canada’s canola crop is expected to increase significantly between domestic processors and the country’s canola exporters in 2010, industry officials said. “As more and more domestic processors come on line, the battle between the export and domestic sector is going to heat up and create good pricing opportunities for […] Read more
Prairie feed wheat bids consolidating
(Resource News International) –– Feed wheat cash bids in Western Canada have been consolidating at current levels, although the trend has been to the upside. “Much of the upward movement that has been seen in feed wheat is being linked to the change in the weather and to some extent a small pick up in […] Read more