Cash bids for canola in Western Canada have been slowly firming, although the need to fill contracts at specific locations have seen some upward fluctuations in prices. “There are certainly waves of demand that have begun to come from both the domestic and export sectors, which in turn has provided for some improved basis levels […] Read more
Canola bids steady to slightly firmer
Improved feed pea cash bids seen as short-lived
(Resource News International) — Feed pea prices in Western Canada have been slowly improving over the past few weeks, but the uptrend is not seen continuing for very long. “There has definitely been an improvement in the value of feed peas at the cash level, but most of that increase has been linked to the […] Read more
Flax bids hold firm as demand improves
(Resource News International) — Cash bids for flaxseed in Western Canada have been holding steady and in some cases improving slightly, as the demand component has also remained consistent. The reluctance of producers to deliver flaxseed into the cash pipeline has helped to keep values firm, but there has also been a bit of an […] Read more
Confusion reigns as ship to load Canadian canola
(Resource News International) — A ship that has been nominated to load Canadian canola at Vancouver has been the fuel for much speculation in ICE Futures Canada’s canola futures market over the past few days, especially with ideas that the destination of the 60,000-tonne capacity vessel may be China. China last month implemented a ban […] Read more
Surprises seen in StatsCan production update
(Resource News International) — Statistics Canada on Thursday released its latest crop production survey, with a few numbers that caught market participants by surprise. While most market participants were anticipating an increase in the December report from the October numbers, the figures for canola and all wheat generally came in above expectations. The estimates for […] Read more
Lentil values continue to firm
(Resource News International) — Cash bids for both large green and red lentils in Western Canada have been continuously strengthening over the past month with strong demand from the export sector providing the firmness. “Despite the large crops in Canada, the demand coming from importer India has been causing values to strengthen,” said Mike Jubinville, […] Read more
Edible pea values improve
(Resource News International) –– Edible pea prices in Western Canada have begun to improve with some of the rise linked to ideas that export demand for the commodity has to start improving soon. “There are vessels scheduled to arrive during November to pick up edible peas, but a lot of that business was done in […] Read more
CN labour fight seen threatening Canada’s exporter status
(Resource News International) — Canada’s status as a reliable supplier of grains and oilseeds is again being threatened, this time by a labour dispute between Canadian National Railway (CN) and 1,700 locomotive engineers represented by the Teamsters Canada Rail Conference (TCRC). The TCRC on Wednesday served CN officials with a 72-hour strike notice on after […] Read more
Canola bids steady to slightly firmer
(Resource News International) — Cash bids for canola in Western Canada have been holding fairly steady, although there were a few locations in which the need to fill contracts has firmed up prices. The reluctance of producers to deliver canola into the cash pipeline has helped to firm up bids in select regions of the […] Read more
Drier-than-normal spring forecast for Prairies
(Resource News International) — Producers in the grain-growing regions of Western Canada will have lower-than-normal precipitation levels to work with this spring as they try to seed crops, according to preliminary projections from an industry analyst. “The short- and longer-term crop models are calling for very little precipitation ahead of the ground freezing up for […] Read more