Growers advised to wait until markets are past harvest lows and expect ‘modest gains’ of about 0.5 cents per pound
Farmers lucky enough to harvest good quality green peas and green lentils might want to lock the bins and wait for prices to climb, says a market analyst. “Don’t get too worried about selling right now thinking that it’s only going to get worse throughout the year,” said Chuck Penner, analyst with LeftField Commodity Research. […] Read moreAuthor Archives
China’s canola ban results in tough crushing decisions
The curtailment of canola exports to China is creating a golden opportunity to add crush capacity in Canada but at the same time preventing it from happening, says an industry official. “Blocked seed access to China makes it much more attractive to have processing in Canada,” said Brian Innes, vice-president of public affairs with the […] Read more
Spring wheat rally unlikely to be short-lived
Harvest conditions have been terrible on the Prairies and northern U.S. Plains, and Australia’s crop is in trouble again
Poor harvest conditions in Western Canada and the northern Plains of the United States have led to a spring wheat price rally and there is likely more to come, says an analyst. The December futures spread between Minneapolis and Kansas wheat was about $1.25 per bushel as of late last week. That is well above […] Read moreU.S. input company moves to Canada
There is a new player in the crop input and farm market advisory business in Western Canada. Farmers Business Network has bought Great Northern Growers, a Canadian manufacturer of off-patent agricultural chemicals. GNG produces its own branded in-house products: a glyphosate product called Smoke; a wild oats herbicide called Foax; and Clever for controlling cleavers. […] Read more
Wheat exports to U.S. fall by half
Canada had a thriving wheat export program last year with the notable exception of one key market. Grain elevators shipped out 18.25 million tonnes of the crop in 2018-19, the biggest program in the last 15 years, according to Canadian Grain Commission statistics. However, sales to the United States plummeted to 752,200 tonnes, a 53 […] Read more
U.S.-China trade war resolution would change markets
Arlan Suderman believes there is a narrow window of opportunity for the United States and China to sign a trade deal that would transform the prevailing bearish sentiment in commodity markets. Funds have been sour on commodities since March 23, 2018, when U.S. President Donald Trump imposed tariffs on steel and aluminum imports. The trade […] Read more
India’s wet summer may create Canadian sales
There are reports of flooding and quality damage in some important pulse-growing regions as the monsoon tap stays on
Indian farmers began the year praying for more rain and now they’re wishing the taps would shut off. The summer crop that started off parched is drowning in water in some regions of the country. Monsoon rains that were 18 percent deficit shortly after planting started are 10 percent surplus country-wide as harvest approaches. There […] Read more
FDA investigates concerns over pulse-based pet food
There are reports in the United States of heart problems in dogs that eat food containing high levels of peas, lentils and chickpeas
The U.S. Food and Drug Administration has raised concerns about pulse-based pet foods and that is devastating sales into that high-growth market. The FDA is investigating reports of canine dilated cardiomyopathy (DCM) in dogs eating grain-free pet foods, which contain high levels of peas, lentils and chickpeas. DCM results in an enlarged heart that decreases […] Read more
Grain backlog becomes worry
Grain deliveries are well behind last year’s pace and that could create a backlog next spring, says a grain industry executive. A late crop combined with poor harvest conditions is leading to a dearth of grain trucks at local elevators. Producer deliveries are 650,000 tonnes behind last year’s pace, according to Canadian Grain Commission statistics. […] Read more
Grain drying piques farmers’ interest
Grain dryer sales have been red hot but growers tend to be as late as their crops in placing orders for the machines, say a couple of retailers. Jim Kelley, vice-president of sales with Flaman, said the company didn’t sell dryers until two years ago when it started handling Neco dryers. Sales increased 10-fold between […] Read more
