CLAVET, Sask. – More prairie acres could be sporting yellow flowers next year thanks to the growing North American demand for healthier cooking oil. Gary Galbraith, Canadian production manager for Cargill Specialty Canola Oils, said his company expects to sign 2008 canola production contracts with 500 to 700 additional producers this fall, most of them […] Read more
Markets — page 925
Cargill shopping for more canola
Ont. firm hunts for hay
An Ontario hay marketing firm is looking to western Canadian farmers to help it meet strong export demand. Officials from Canada Forage and Hay Ltd. will be in the West over the next few weeks scouting sources of high quality hay for shipment to the United States and for processing into compressed bales for overseas. […] Read more
Storage plan augmented for wheat
The Canadian Wheat Board has made one last effort to convince farmers to sign up for a new quality wheat storage program. “We weren’t getting the sign-ups we required,” said Charray Dutka, the board’s manager of operational inventory. “I think these changes will bump up the tonnage in the program significantly from what it is […] Read more
Corn-wheat spread reaches 30 year high – Market Watch
We had more market news than these pages will accommodate this week so I recommend turning to page 71 for an informative guest column on barley market developments by Brenda Tjaden Lepp of FarmLink Marketing Solutions. Market watchers are wondering how wide the corn-wheat price spread can get as production outlooks for the two grains […] Read more
Initials rise
Initial payments for wheat and barley have increased. The Canadian Wheat Board said July 23 that all grades and classes of wheat will rise by $6 per tonne and all durum except No. 5 will rise by $11 per tonne. The total payment to date for No. 1 red spring wheat 12.5 percent protein is […] Read more
Wheat board gives up on organic pool
The Canadian Wheat Board is scrapping plans to establish an organic wheat pool. “There were a lot of issues around running a pool in the organic sector,” said CWB organic marketing manager Donna Youngdahl. Instead, farmers will be given three options for marketing their wheat, durum and barley in the 2007-08 crop year. In addition […] Read more
Momentum indicators provide market insight – Hedge Row
Technical analysis terms can seem weird and silly – until they explain why you lost a bunch of money. Then they assume more relevance. That’s the situation that confronted producers on June 19, when crop prices plunged after days of warnings from several sources about the market being overbought. “Black Tuesday on Fund Selling, Rain, […] Read more
WCE finds new suitor
Like its mainstay canola contract, the Winnipeg Commodity Exchange’s price has leapt upward. An unnamed company has offered $50 million for the WCE, which is 25 percent more than the $40 million deal announced recently with the Intercontinental Exchange (ICE). If WCE rejects the ICE bid, it will have to pay a $1.2 million fee. […] Read more
Rejected malting barley has another opportunity
Farmers whose 2006-07 selected malting barley is rejected for low germination after the end of the crop year can still sign it up for the feed barley 100 percent Early Payment Option until Aug. 31, 2007. The EPO deadline is usually July 31. The Canadian Wheat Board said it is extending the deadline to help […] Read more
Western Producer Livestock Report
Fed prices dip Fed steers traded 50 cents lower to average $84.20 per hundredweight last week and heifers were $1.25 lower to average $83.73, said Canfax. Even with the softer market, feedlots were willing sellers but there was some carryover into this week. Due to the usual summer slowdown, packers did not reach for cattle. […] Read more
