Insights and Stories on Crops

Canola bids weaken, basis remains wide

Jan. 13, 2010 at 7:40 pm CST

(Resource News International) — Cash bids for canola in Western Canada have taken an abrupt downturn, with elevator companies widening out basis levels in order to deter producers from delivering. “Basis levels for canola by elevator companies really comes down to how badly they want the commodity,” said Gord Mitchell […]

Wittal: Review strategies in light of USDA data

Jan. 13, 2010 at 7:34 pm CST

By Brian Wittal

P.E.I. ag minister named deputy premier

Jan. 13, 2010 at 2:08 pm CST

Agrium buys Alta., Sask. farm centres

Jan. 12, 2010 at 7:06 pm CST

B.C. team to lead mapping of sunflower genome

Jan. 12, 2010 at 6:48 pm CST

Ag Flexibility Fund backs canola market access plan

Jan. 12, 2010 at 5:36 pm CST

Canada’s national canola industry organization plans to put $9 million into development of a strategy for opening and reopening markets to Canadian canola. The Winnipeg-based Canola Council of Canada has put up $1.2 million for the project, leveraging an investment of up to $7.8 million from the federal government through […]

Wittal: USDA reports bulldoze markets

Jan. 12, 2010 at 4:08 pm CST

Jan. 12 –– All outside markets are down today, most likely in response to the U.S. Department of Agriculture’s reports and the hard sell-off in U.S. grain futures. The U.S. dollar index fell nine-100ths of a cent today, while gold closed down $21.80 at $1,128.90. The Canadian dollar dropped 0.44 […]

By Brian Wittal

Canada Bread to build new bakery, shut three

Jan. 12, 2010 at 12:52 pm CST

Maple Leaf Foods’ Canada Bread plans to close three Toronto-area bakeries “constrained by urban development” by 2013 and replace them with the biggest bakery in Canada. The Toronto company said Tuesday it plans to spend about $100 million to build a new 370,000-square foot bakery at an as-yet-undecided site somewhere […]

Drozd: U.S. dollar index carves out a bottom, readies to rally further

Jan. 12, 2010 at 3:09 am CST

Jan. 7 — The U.S. dollar index shows signs of bottoming and it’s only a matter of time before it strengthens further. Prices could occasionally have a correction back down to alleviate overbought conditions, but I wouldn’t expect the weakness to last. A two-week reversal, occurring at the recent low […]

By David Drozd

Canola crush targets hit skid on FDA restrictions

Jan. 12, 2010 at 2:36 am CST

(Resource News International) — Canada’s canola crush capacity has been steadily expanding, but the red-flagging of processors who ship canola meal into the U.S. for salmonella contamination will prevent the domestic industry from achieving its 2009-10 marketing goals. The U.S. Food and Drug Administration’s (FDA) clampdown on Canadian canola meal […]

By Dwayne Klassen