Winnipeg, May 9 – Lentil prices are largely stagnant, one market participant says, as key buyer India sits on the sidelines. And from the outside, stocks appear ample, but new-crop production could shift the dynamic of Canada’s lentil market. Statistics Canada stocks data as of March 31 pegged lentil supplies at about 1.1 million tonnes, […] Read more
News
India keeps Canadian lentil market at a standstill
Manitoba crops 20 to 25 percent seeded as fields dry out
WINNIPEG — Manitoba farmers are slowly working their way onto fields as warm and windy weather helps dry down soggy cropland, according to the latest crop report from the provincial government. Seeding progress across the province is estimated at 20 to 25 percent complete for the week ended May 8, with much of it centred […] Read more
Nov. canola up on slow seeding
November canola rose Monday to $507.20 per tonne, continuing a remarkably steady progression since mid-April. But one analyst thinks futures will have trouble pushing past resistance at $508 per tonne. “I think the canola market is cautious. It’s cautious on the weather. It knows that potentially, if the growers get going, we’re going to probably […] Read more
India may move on fumigation issue
Saskatchewan Pulse Growers says there has been a positive development in an ongoing market access issue with India. India has posted draft amendments to a plant quarantine order that had previously threatened to derail exports to Canada’s top pulse market. The document suggests India is willing to recognize and accept Canada’s systems approach to dealing […] Read more
Bayer to sell Liberty crop protection brands to get Monsanto deal passed
FRANKFURT, Germany (Reuters) — Bayer has agreed to sell its Liberty herbicide and LibertyLink-branded seeds businesses to win antitrust approval for its acquisition of Monsanto. The divestment of the two global brands, a requirement imposed by South Africa’s Competition Commission, will account for the bulk of asset sales, worth about $2.5 billion, which need to […] Read more
B.C. hit by flooding
SUMMERLAND, B.C. — Farmers hit by floods in central British Columbia may be eligible to receive disaster financial assistance. The funds are available to eligible farmers and others affected by ongoing floods that began May 4. Meanwhile, two men remained missing May 8, one whose home was swept away in a mudslide in Tappen, near […] Read more
Bayer to sell Liberty crop protection brands to get Monsanto deal passed
FRANKFURT, Germany (Reuters) — Bayer has agreed to sell its Liberty herbicide and LibertyLink-branded seeds businesses to win antitrust approval for its acquisition of Monsanto. The divestment of the two global brands, a requirement imposed by South Africa’s Competition Commission, will account for the bulk of asset sales, worth about $2.5 billion, which need to […] Read more
U.S. flour millers scramble for high-protein wheat on quality fears
By Michael Hirtzer and Julie Ingwersen CHICAGO/MANHATTAN, Kan., May 5 (Reuters) – U.S. flour millers were scrambling to find high-protein wheat supplies remaining from last year’s harvest amid fears the developing crop, some of which was hit by snow in Kansas this week, could produce lower-quality grain, buyers said on Friday. Wheat plants in […] Read more
Wrapup crop market analysis – Canola supported by tight stocks, strong exports
Confirmation of tight canola stocks and rising soy oil futures helped lift canola futures on Friday. July canola settled at $525.80, up $3 and November closed at $504.80, up $2.90. March 31 canola stocks came in a 6.6 million tonnes, compared the mid point of the pre-report Reuters analysts’ poll of 6.7 million tonnes. Soyoil […] Read more
Analysts weigh in on StatsCan stocks report
Winnipeg, May 5 (CNS Canada) – Stocks numbers from Statistics Canada were bullish for canola and wheat, though the effects of the report on the market may be short-lived, analysts say. Figures for barley, lentils, and peas were above year-ago levels, but movement in those markets are more likely be driven by demand factors. CANOLA […] Read more
