Canola seed prices vary wildly by province and region, according to a new report by Farmer’s Business Network Canada. The report is based on 533 seed invoices contributed by 280 farmer members of the network. FBN published price data for the seven most popular varieties. The largest variation in prices was for InVigor L223P, which […] Read more
Author Archives
Canola disappearance error found
Grain commission says incorrect reporting by ‘primary licensees’ is behind the significant increase in domestic disappearance
A major correction in the Canadian Grain Commission’s Grain Statistics Weekly report may have analysts rethinking the market advice they were issuing to farmers. According to the Week 22 report, there was 4.86 million tonnes of domestic disappearance of canola as of Jan. 5, 2020. That is a staggering 1.04 million tonnes ahead of the […] Read more
Indian pea restrictions boost red lentil exports
The crop is enjoying increased popularity in the country as the government implements new import hurdles for peas
Red lentil exports and prices are benefiting from India’s crackdown on peas, says an analyst. The Indian government announced on Dec. 18 that it was restricting pea imports to 150,000 tonnes through March 31. It also limited all imports to the Port of Kolkata, resulting in additional transportation costs for many exporters. The new restrictions […] Read more
Falling number dips below threshold
Preliminary sampling found a falling number for No. 3 wheat of 305, but later harvested crop dropped that to 280
Canada has provided its wheat customers with an update on this year’s crop quality. Each year Canada prepares a Canadian Wheat Crop in Review report that is given to millers, bakers and other customers attending New Crop Trade Mission seminars around the world. The report is also available to all other customers on the canadianwheat.ca […] Read more
Error found in CGC’s canola disappearance number
Grain industry analysts will be pulling out the eraser on their supply/demand balance sheets to correct an error published in the Canadian Grain Commission’s weekly statistical report. The CGC reported 4.86 million tonnes of domestic disappearance of canola as of Jan. 5, 2020. That is a staggering 1.04 million tonnes ahead of the same time […] Read more
U.S.-China deal could be ‘game-changer’: analyst
Grain and oilseed markets could blow up if the United States and China sign and implement phase one of a trade deal they agreed to late last year, says an analyst. “This would be a massive game-changer,” said Rich Nelson, chief strategist with Allendale Inc. Few details about the two-year deal have been released other […] Read more
Ilta cheques sent to 222 growers
Cheques are in the mail for eligible farmers owed money by the now defunct ILTA Grain Inc. A list of 222 eligible growers will receive full compensation for losses amounting to $11.15 million. Another 49 claims worth $1.5 million were deemed ineligible. It is the biggest security payout in the history of the Canadian Grain […] Read more
Canaryseed on the rise; more rallies may be to come
This could be the year the canaryseed market fully absorbs the “hidden inventory” that has been weighing down prices for years, say industry officials. Prices have climbed to 30 cents per pound as the inventory dwindles and that appears to be a trigger point for those who have been sitting on the crop. Lucas Sutherland, […] Read more
Phosphate prices become attractive for producers
Prices of the nutrient may be as low as the market can bear for 2020, retailing at $575 to $600 per tonne
Now is a good time to buy phosphate fertilizer, say industry experts. Phosphate prices in New Orleans, Louisiana, (NOLA) in late December 2019 were the lowest they have been since December 2006. The NOLA price is considered the starting price for North American phosphate. It was about US$240 per tonne at the end of 2019, […] Read more
Demand holds steady for 2019-20 wheat crop
The second half of the 2019-20 marketing campaign is shaping up to be a good one for wheat, says an analyst. “The demand for North American wheat will be probably fairly strong here,” said Bruce Burnett, analyst with MarketsFarm. “We’re going to see export shipments pick up.” Shipments are already decent with 6.1 million tonnes […] Read more
