Quality problems with this year’s durum crop in Italy and France, combined with the worst quality crop on record and lower yields in Canada, have resulted in skyrocketing prices for durum. Buyers are scrambling to find higher quality supplies for pasta production, says Neil Townsend, director of market research with CWB, in the interview below…. Read More

Wheat markets were up about four percent in the post-Canadian Thanksgiving rally as the grain markets all headed higher on quality and harvest progress concerns. That in mind, because of the delayed U.S. harvest, there could still be a lot of grain that doesn’t have a home on the farm and so will be sold… Read More

Farmers of North America is asking the federal government to hold off on privatizing the Canadian Wheat Board to give the Saskatoon-based farmer business alliance more time to pitch its plan for turning CWB into a farmer-owned grain company. FNA has held over 100 farmer meetings across Western Canada over the last month asking farmers… Read More

Bunge is finally starting operations at its new canola processing plant at Altona, Manitoba. “The edible oil refinery is operating and we are testing the crush plant,” confirmed Deb Seidel, a spokesperson for Bunge North America, in an email on Friday. The new facility is designed to process 2,500 metric tonnes per day — more than double the volume of… Read More

There were no major surprises for the corn and soybean markets in the USDA report published on Friday, however the wheat ending stocks projections were lower than the trade was expecting. The smaller stocks, together with funds short-covering, have provided some support to wheat futures over the last week, explains Austin Damiani, commodities broker with Frontier… Read More

Farmers of North America is urgently seeking farmers willing to invest in acquiring a majority stake in CWB (formerly the Canadian Wheat Board.) The “farmer business alliance” has hosted dozens of farmer meetings across Western Canada over the last few weeks — right in the middle of harvest for most potential investors. While the plans that… Read More

Grain prices started the month of October the same way they’ve been trending for the last five months: lower. Last week saw two important reports from the USDA and Statistics Canada, recording grain inventories and ’14 production estimates respectively. With some of the earliest-planted fields of corn and soybeans coming off in the American Midwest,… Read More

It’s estimated 70 to 80 percent of the barley grown in Western Canada was affected by heavy rains and snow in early-to-mid September. Factor in the 31 percent decrease in overall barley production estimated by Statistics Canada in its report out Friday morning, and the math is simple; barley that qualifies for malt will be harder to… Read More

After trading at a significant discount to soybeans last year, contrasting production scenarios have resulted in canola gaining value relative to soybeans over the last few months. “Historically canola futures have traded $80, sometimes even $100 higher than soybeans. Last year was exactly the opposite,” explains Chuck Penner of LeftField Commodity Research. “What we’re starting… Read More