GFM Network News

Weather scares boost new-crop lentils

Tight supplies and weather concerns in Saskatchewan are helping to boost new-crop red and green lentil prices in Western Canada. Prices in the country for new-crop red lentils are sitting around 35 cents a pound, with prices for large green lentils just a couple of cents below that, said Gerald Donkersgoed of Finora Inc. in […] Read more

Large Canadian oat stocks seen tightening

After two years of large oats production in Western Canada, a smaller 2009-10 crop and a less-than-ideal start to the growing year could see burdensome stocks finally begin to decline. Statistics Canada’s seeded acreage report released Tuesday said 3.879 million acres of oats had been planted in Western Canada as of June 3. That’s down […] Read more

Man. soy acres short of early estimates

Soybean acreage in Manitoba has fallen short of early expectations as cool temperatures, wet weather and flooding caused farmers to think twice about planting the crop. Through the winter and early spring there had been talk that Manitoba farmers would seed up to 400,000 acres of soybeans this year, weather permitting. There were indications of […] Read more

Barley up and looking to move higher

(RNI) — Cash barley prices have climbed about $7 per tonne in the southern Alberta cash market in the past week as dryness plagues production in key barley-producing areas in Alberta and Saskatchewan, according to a trader. “The market doesn’t seem to realize that prime barley land in Saskatchewan and Alberta is very dry,” said […] Read more

Commercials cover export sales, boost canola

A steady lineup of ships waiting to move Canadian canola off the West Coast is keeping the canola cash market in Western Canada well supported and has helped shelter it from recent gyrations in the futures market. “Viterra and Cargill have been calling customers of mine asking them to deliver canola early. That’s a sign […] Read more

Commercial demand, spillover support lift flax

Flax prices in Western Canada have been pushed higher over the past month by commercial demand and spillover support from strength in outside oilseed markets. “Prices seemed to have taken a quick little spike upwards and now they’re sitting there,” said Paul Martens, head of operations for Prairie Flax Products at Portage La Prairie, Man. […] Read more