Winnipeg, Nov. 21 (CNS Canada) – Canadian canola crushers hit a new weekly record during the second week of November, processing more than 200,000 tonnes of canola for the first time ever. The canola crush during the week ended November 16 came in at 203,951 tonnes, according to the most recent Canadian Oilseed Processors Association […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Minneapolis spring wheat futures premium increasing over winter wheat
Winnipeg, Oct. 4 (CNS Canada) – Minneapolis spring wheat futures are pulling away from their winter wheat counterparts, as quality issues with the North American spring wheat crop bring in protein premiums And there was more room to the upside in spring wheat, said market analyst Bryan Strommen of Progressive Ag in Fargo, North Dakota. […] Read more
Trade still wary of StatsCan satellite-based crop estimates
Winnipeg, Sept. 20 (CNS Canada) – Statistics Canada’s second attempt at using satellite imagery to determine the size of the country’s crops is in line with trade guesses when it comes to canola, but market participants are still taking the new methodology with a grain of salt. The model-based principal field crop estimates are calculated […] Read more
Canadian pulses lost at sea as shipping company flounders
Winnipeg, Sept. 9 (CNS Canada) – The bankruptcy of a major Korean shipping company has raised some concerns for Canadian pulse crops moving by container, but any disruptions to movement will likely be minor, according to an industry analyst. Hanjin Shipping Co., the world’s seventh-largest container shipping company, declared bankruptcy on August 31, leaving more […] Read more
Large old crop Canadian canola stocks raise new crop questions
Winnipeg, Sept. 7 (CNS Canada) – Canada grew a million more tonnes of canola in 2015/16 than originally reported, according to updated numbers from Statistics Canada released in connection with the Stocks of Principal Field Crops as of July 31 report on September 7. The unexpected revision to the old crop production now has many […] Read more
Quality Canadian durum may be in short supply
Winnipeg, Sept. 7 (CNS Canada) – Quality issues with the Canadian durum crop currently being harvested should see the price spreads between the top and low end grain widen considerably, especially as the carry-out from the previous year is also poor quality. Canadian durum stocks, as of July 31, 2016, were pegged at 1.1 million […] Read more
Western Canadian wheat steady overall after choppy week
Winnipeg, Sept. 2 (CNS Canada) – Spring wheat cash bids across Western Canada moved down at one point during the week ended September 2, but clawed back toward unchanged as the week progressed to finish slightly ahead of where they were seven days earlier as the markets mirrored activity in the US futures. Depending on […] Read more
Ag Canada raises 2016/17 grain/oilseed carryout forecast
Winnipeg, Sept. 1 (CNS Canada) – Canadian grain and oilseed ending stocks for 2016/17 are forecast to be larger than earlier expectations, according to the latest monthly supply/demand estimates from Agriculture and Agri-Food Canada’s market analysis division, released September 1. The new estimates account for the updated Statistics Canada production estimates released August 23. Total […] Read more
Industry braces for potentially big StatsCan crop estimates
Winnipeg, Aug. 19 – Large crops are in Western Canadian farmers’ fields ahead of this year’s harvest, but just how big remains to be seen as industry participants await Statistics Canada’s first survey results of the crop year set for release on Aug. 23. Pre-report trade estimates on canola production range from 16 million to […] Read more
Feed barley price down with harvest pressure still to come
Winnipeg, Aug. 5 – Feed barley prices in Western Canada are trending lower, and likely have more room to the downside as the new crop will soon start to hit the market. “Every time we think we’ve found a bottom, it seems to drop again,” said Jared Seitz, of Agfinity, an Alberta-based online brokerage. “We […] Read more
