There’s nothing like good old-crop prices to bring in more new crop acreage. Flax might be a beneficiary of that situation this year, analysts say. Recent prices of $17 per bushel caught a lot of farmers’ attention, just as prices for big acreage crops such as wheat were falling. The rally was sparked by demand […] Read more
Tag Archives Flax — page 5
Flax acres moving West
North American demand | More fields of blue may be seen in Alberta
Go west, old crops. That’s the advice the markets have given to flax and could begin whispering to oats, says analyst Chuck Penner. Canadian flax acreage went from being 80 percent in Manitoba in 1976 to 80 percent in Saskatchewan by 2006. The trend is unlikely to stop at the Alberta-Saskatchewan border. “I submit that […] Read more
Flax traders watch China for price rally
Rising soy prices make flax attractive | Canada unlikely to face any strong competition for crop
Flax traders paid little attention to the production estimate issued by Statistics Canada last week. “It’s all going to depend on demand,” said Grant Fehr, flax and special crops manager for Keystone Grain Ltd. Statistics Canada is forecasting 547,000 tonnes of production based on 995,000 harvested acres. That would be a 48 percent increase over […] Read more
