On-farm grain storage gives farmers options

Grain marketing improves | Demise of CWB single desk prompts farmers’ desire to store grain longer

Increased on-farm storage is giving farmers more marketing options for their grain, say industry officials. Derek Johnson, sales manager of Twister and Grain Guard bins, said there is a trend toward bigger and better storage. “We’re really seeing that transition now, not only to more on-farm storage but more segregated storage for specialty crops and […] Read more

Threat of Russian export limit supports wheat

We are in an unusual situation where durum cash prices are lower than spring wheat values. Both are at attractive levels because of the U.S. drought and a smaller Black Sea wheat crop. Indeed, the Black Sea situation might be the best hope for a new rally in a grain market that appeared to run […] Read more

Classifications change for barley, lentil producers

Barley and red lentil producers in Western Canada have recently seen several changes to the way their crops are graded and classified. Last week, the hulless barley class was eliminated from the Official Grain Grading Guide and a new food barley class was added. The changes were recommended by the Western Standards Committee earlier this […] Read more

Welcome to a new era of marketing freedom

Somehow I just couldn’t share the Aug. 1 euphoria. Don’t get me wrong. I’m not among the crowd who thinks the sky is falling with the ending of the CWB monopoly. The old system had a lot of problems. However, marketing freedom won’t always be a bed of roses either. Friends texting me from the […] Read more

Lock in grain prices now, analyst advises

A grain market analyst thinks markets are responding to this year’s drought in the United States the way they did to the last big drought in that country. In 1988, U.S. corn, soybean and wheat production fell 31 percent, 20 percent and 14 percent respectively compared to the previous year due to dry conditions. This […] Read more

Despite offers, CWB isn’t for sale, says Ritz

The federal government is not interested in selling the CWB, at least not yet. But that doesn’t mean that Ottawa hasn’t received any offers. Federal agriculture minister Gerry Ritz said a number of companies have already expressed interest in acquiring the assets of the former Canadian Wheat Board. “We’ve already had a couple of entities […] Read more

Grain market transparency hurt by loss of vessel line-up report

There will be less transparency in grain markets following the demise of a largely unknown entity, say industry analysts. The Canadian Ports Clearance Association ended its grain transportation business on July 31. Executive director Harv Friesen said few farmers were aware the century-old organization existed. The association tracked and co-ordinated the movement of western grain […] Read more

Get references, check reputation before selling grain

The concern in his voice was palpable. He had been waiting weeks for payment on a load of canaryseed and every time he phoned the company to inquire, he got the runaround. He was worried that he was never going to see his $20,000. Luckily, it was only one load. “Never dealt with this buyer […] Read more

Buyers hope Canada will continue to offer quality

Wheat importers from around the world hope that Canada’s move to an open wheat market will not hurt this country’s reputation for providing consistent quality. Foreign wheat industry officials attending the Canadian International Grains Institute’s International Grain Industry program this week are aware of the huge changes occurring in the Canadian grain system. It worried […] Read more