Insights and Stories of Dwayne Klassen

Jun. 28, 2010 at 6:21 pm CDT

(Resource News International) — Both the traditional commodity funds and the large commodity index funds have taken up long positions in the November ICE Canada canola futures contract.  Estimates from market participants placed the regular funds long about 20,000 contracts or more in the November canola future while the large […]

By Dwayne Klassen

Jun. 23, 2010 at 5:01 pm CDT

(Resource News International) — The acreage update from Statistics Canada released early Wednesday held few surprises and will largely be ignored, but will provide a good base in which to backtrack seeding intentions negatively impacted by excessive precipitation this spring. “The report from StatsCan is more reflective of what could […]

By Dwayne Klassen

Jun. 21, 2010 at 5:42 pm CDT

(Resource News International) — Excessive moisture in Western Canada definitely had a negative impact on oat acreage and will have severely hurt yield potential, but it will probably take another month or two before the industry gets a real handle on actual damage, according to industry sources. Canada’s 2010-11 oat […]

By Dwayne Klassen

Jun. 13, 2010 at 10:28 pm CDT

(Resource News International) — Exceptional spring rainfall will severely impact 2010-11 western Canadian wheat, durum and barley production, leaving more than eight million acres unseeded, the Canadian Wheat Board said Friday. “The excess rain has washed away the hope of seeding for many farmers,” Bruce Burnett, the CWB’s director of weather […]

By Dwayne Klassen

Jun. 10, 2010 at 12:40 pm CDT

(Resource News International) — Cash bids for flaxseed in Western Canada have been holding steady to firm, and were expected to see some additional strength given the uncertainty due to the excessively wet conditions. “There will likely be some flaxseed that may not get into the ground in both Saskatchewan […]

By Dwayne Klassen