There’s less canola and wheat left from last year’s bumper crop than traders and analysts thought, according to the Statistics Canada stocks report released on Friday morning. Wheat stocks as of July 31st were pegged at 9.8 million metric tonnes, up 94 percent from the same time last year, but generally below expectations. Canola supplies… Read More

The grain company evolving from the former Canadian Wheat Board has announced construction of its third new elevator in Western Canada. CWB says it’s beginning construction on a 42 thousand metric tonne elevator at Pasqua, Saskatchewan — approximately 10 kilometres east of Moose Jaw on Highway 39. The facility will be adjacent to the CP… Read More

While oat supplies will be tighter than normal this year, problems getting the crop to market continue to put downward pressure on cash bids in Western Canada. “Oats is going to remain a tight supply, tight shipping market,” says Lorne Boundy, a Winnipeg-based oat merchandiser with Paterson Grain, in the following interview. The federal government’s… Read More

As we close the month of August, the harvest itch was replaced in most areas with frustration as most of the U.S. Midwest and Canadian Prairies got hit with some untimely, heavy rains. The recent rains were seen as positive for both sides of the cornbelt with Iowa, Illinois, Indiana, & Nebraska all getting a… Read More

High disease levels have winter wheat growers in Western Canada concerned about the market prospects for the crop. Samples brought to elevators in some areas — especially central Manitoba — have contained up to 20 percent fusarium damaged kernels. Buyers have started discounting grain based on the related potential vomitoxin levels. So where will this… Read More

Viterra has announced plans to build a new grain terminal near the company’s canola crush plant at Ste. Agathe, Manitoba. The company says it will have storage capacity of around 30 thousand metric tonnes with loading facilities for trains of up to 124 cars. The site also has access to service from both CN Rail… Read More

The grain market continues to stagnate as traders, managed money, commercials, and producers alike are trying to determine if a bottom has finally been found. Grains have traded lower this week but wheat has rallied to close much higher than earlier in the week. Ultimately, July was an ugly month for the grains complex: canola… Read More

Favourable weather continues to hover like a dark cloud over the grain markets as they continue to trek lower, just as meat prices are going the opposite direction. While most prices are relatively unchanged week-over-week, soybean prices did find a bit of a bounce on very strong U.S. export sales (as they say, the cure… Read More