(Resource News International) — The winter wheat crop in the eastern regions of the Prairies is believed to have made it through the winter in good shape, but there are some concerns about the crop in western areas due to the lack of snowcover. Flooding in the spring also could have an impact on the […] Read more
Eastern Prairies’ winter wheat seen in good shape
China eats into Canada’s record canola supply
(Resource News International) — The surfacing of much-needed export business and ideas this demand will remain constant through the remainder of the 2008-09 crop year will be key to determining how much Canadian canola will be left over heading into the 2009-10 season, according to market participants. “Canola supplies in Canada at the end of […] Read more
AAFC predicts less wheat, more canola seeded
(Resource News International) — Agriculture and Agri-Food Canada expects the area seeded to spring and durum wheats this spring will be down significantly from levels seen a year ago. Record canola acreage was also forecast in the latest acreage outlook released this week by AAFC’s market analysis division. In its first look at what Canadian […] Read more
Delayed Prairie canola deliveries may flood system
(Resource News International) — Farmers in Western Canada are holding onto record amounts of canola and while selling has been steady so far, Canada’s elevator system could be overwhelmed if producers are spooked into delivering, industry observers warn. “There is more canola in the hands of producers in Western Canada than there has ever been […] Read more
Eastern Prairies’ snow good for winter wheat
(Resource News International) — Snow cover in the eastern regions of the Prairies has been adequate enough to prevent damage to those regions’ winter wheat crop, but regions in western areas are considered vulnerable. “Considering that most of the winter wheat crop in Western Canada is grown in the provinces of Manitoba and the more […] Read more
Analysts see better hog prices in 2009
(Resource News International) — Canada’s hog producers should see better prices in 2009 than in 2008, according to projections made by livestock specialists. A favourable price outlook for U.S. hog values and a beneficial exchange rate were seen as influences supporting the Canadian hog sector. “Based on current lean hog futures prices and Canadian exchange […] Read more
Prairie producers may face late start in 2009
(Resource News International) — Producers in Western Canada should be prepared for a late start to spring seeding due to a combination of excess precipitation and cold temperatures, according to short- and medium-term projections from an industry analyst. “The outlook for the spring is looking very similar to last year’s where moisture and cold temperatures […] Read more
Lousy weather slows grain traffic, slightly
(Resource News International) — Extremely cold temperatures, high winds and huge snow accumulations across Canada have caused only a minor slowdown in the movement of rail cars filled with grain and oilseeds to export positions, industry sources said. Temperatures across Alberta, Saskatchewan and Manitoba have been in the -25° to -32°C range, with wind chills […] Read more
High fertilizer costs foster outside imports
(Resource News International) — Frustrated by domestic fertilizer prices, producers and producer groups continue to take it upon themselves to seek out cheaper alternatives, such as from the U.S. and overseas. “There have already been a number of producer groups and some private individuals who have successfully and unsuccessfully sought out cheaper foreign fertilizer to […] Read more
Increased crop taken in stride, but timing a surprise
(Resource News International) — Higher crop production numbers in Statistics Canada’s latest crop production report were not unexpected. What’s surprising was that the government agency was willing to raise the numbers significantly at one time, rather than over a gradual period of time, market participants said. “‘Stunning’ is a word I would use,” said Tony […] Read more