Open interest in western barley futures on the ICE Futures Canada trading platform continues to remain virtually non-existent, but officials with the Winnipeg commodity exchange still hold out some faint hope the industry will again participate in the contract and avoid the delisting of the commodity. “We are not currently considering delisting the western barley […] Read more
Delisting still unlikely for ICE barley futures
StatsCan report confirms tight canola supplies
The grain and oilseed stocks in all positions report Statistics Canada released Friday generally fell within industry expectations, with the exception of canola, with the stocks number suggesting 2010-11 carryover will be much tighter than anticipated. The federal statistics agency pegged Canadian canola stocks as of Dec. 31, in the 2010-11 crop year at 8.242 […] Read more
Canadian pork seen gaining as Korea eases tariffs
Canada is expected to benefit from South Korea’s decision to temporarily remove a 25 per cent tariff on imported pork as Seoul tries to stabilize pork prices during a severe outbreak of foot-and-mouth disease. “The temporary removal of the tariff on pork by South Korea will create a vacuum for all major shippers of pork, […] Read more
Efforts afoot to restore beef access to Taiwan
(Commodity News Service Canada) — Various efforts are underway in hopes of allowing Canadian beef back into Taiwan, according to an industry representative. Taiwan, after finding traces of the feed ingredient ractopamine present in eight U.S. beef samples and one from Canada earlier this month, has banned the import of beef shipments. “There are currently […] Read more
Canola crush margins ease, demand remains strong
(Commodity News Service Canada) — Canola crush margins for western Canadian processors have weakened off slightly, but demand for the commodity remains strong. Some of the drop-off in profitability was attributed in part to some weakening of U.S. soy product values. The ability of the Canadian dollar to hold above parity with the U.S. greenback […] Read more
ICE Canada’s western barley futures near extinction
(Commodity News Service Canada) — Open interest in western barley futures has declined to virtually zero, which would normally signal that the end of the contract’s long and distinguished history is close at hand. However, officials from the Winnipeg-based exchange ICE Futures Canada are not ready to give up on the contract quite yet and […] Read more
Prairie oat bids ease despite tight supply outlook
(Commodity News Service Canada) — Cash bids for oats in Western Canada have been steadily easing despite the fact supplies of the commodity have been tightening. “A lot may be decided when the Statistics Canada crop production report is released on Friday,” said Ken Ball, a broker with Union Securities in Winnipeg. Ball felt the […] Read more
Tight Canadian flax stocks keep bids strong
(Commodity News Service Canada) — Cash bids for flaxseed in Western Canada have held at strong levels and could again creep to even firmer levels as stocks of the commodity become extremely tight. Cash bids were reported to currently be in the $15 to $15.50 per bushel range, down slightly from the $16 level due […] Read more
Ont. winter wheat area, optimism up, specialist says
(Commodity News Service Canada) — The area seeded to winter wheat in Ontario was up from the previous season, but fell short of record expectations, according to an official with the Ontario government. “Planting of Ontario’s winter wheat crop got off to a great start, and there had been ideas that seedings could topple the […] Read more
Oats output in Canada down, export total declines
(Commodity News Service Canada) –– A smaller oats harvest in 2010-11 and the resulting tight supply situation will result in a reduction in Canada’s export and domestic usage picture. Exactly how much oats was harvested in Canada during 2010-11 is still up in the air, said Mike Jubinville, an analyst with ProFarmer Canada. Statistics […] Read more
Canadian Cattlemen Presents: Depth of Field
