Flaman Agriculture Blog

Sep 30, 2015

Spot mustard prices hit fresh highs on reduced acreage

CNS Canada — Producers who opted against selling mustard earlier in the season are now relishing the spot market, which is reaching fresh highs not seen since 2008 against contract prices. Delivered elevator prices are between 45 to 46 cents per pound for yellow mustard, 31 to 33 for brown, and 34 to 36 for oriental, according to Prairie Ag Hotwire. Those prices are the highest they’ve been against contract prices in seven years, said Walter Dyck of Olds Foods Products. “I think the market is moving now because it anticipates a small crop,” he said. “I think that caught...

Aug 13, 2015

Russian Bakers Want Change to Wheat Duty That Tries to Help Them

Bloomberg is reporting that . . . . Russia should change a levy on wheat exports that led to a slump in shipments last month, according to the local bakers and pig farmers the policy is trying to help. Sales abroad by Russia, the third-largest wheat exporter, fell 53 percent in July from a year earlier to the lowest level for that month since 2009, according to figures from grain carrier ZAO Rusagrotrans and the government. The drop followed the enforcement of the export duty to shield bakers and farmers of livestock from rising prices amid double-digit food inflation. “We...

Posted by: Flaman Agriculture

Category: Commodity prices

Tags: wheat Russia trade

Comments: 0

Aug 11, 2015

Prairie cash wheat bids edge higher

CNS is reporting that . . . . Canada Western Red Spring (CWRS) wheat cash bids across Western Canada were stronger during the week ended Friday, as basis levels and U.S. futures markets also showed some improvement. Average CWRS wheat prices were up by C$7-$10 per tonne over the week, with bids ranging from about $212 per tonne in the Peace region of Alberta, to as high as $225 per tonne in Manitoba, according to price quotes from a cross-section of delivery points across Western Canada. Quoted basis levels varied from location to location, but generally improved, to average about...

Posted by: Flaman Agriculture

Category: Commodity prices

Tags: wheat prices prairie wheat

Comments: 0

Aug 6, 2015

June grain prices - SK Lentils up 53%

Statistics Canada released the June grain prices today. In Manitoba, Canola and Wheat prices were up slightly from last June, with Dry peas down slightly. In Saskatchewan, Lentil prices were up 53% from last June, with all of the other crops up slightly.   In Alberta, Canola and Durum were up dramatically, with the remainder up slightly.   When all months are considered on the long-term trend, all three provinces have resumed an upward trend on all crops.     Source:  http://www.statcan.gc.ca/daily-quotidien/150806/dq150806a-eng.htm?cmp=mstatcan

Aug 5, 2015

U.S. grains - Prices advance on crop, weather worries

Reuters is reporting that  . . . U.S. grain and soybean futures jumped on Wednesday as concerns about poor weather hurting autumn harvests fuelled a recovery from recent losses in the markets. The U.S. Department of Agriculture, in a crop report on Aug. 12, may trim its U.S. soybean acreage and ending stocks estimates because of excessive rains that disrupted spring plantings, traders said. Traders were also keeping an eye on weather forecasts amid worries that some growing areas may turn too dry during an important period for soybean development this month. “Additional risk premium is being added to corn,...

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