Canary seed price corruption

[sumdumguy]

The Canaryseed Development Commission says that Health Canada has something to do with the use of Canaryseed by humans. David Nobbs is the chairperson. He also states that the return this year is about $267/acre @ 25 cents/lb. Pretty lack lustre, but I know a large farmer who has seeded a back and forth rotation of Eston Lentils and Canaryseed since the eighties. Seems to be doing fine, expanding and enjoying low input production.

[dave4441]

Canary demand has been really soft this year and i think we front loaded some of the demand last crop year (shipped a normal 170,000 MT last year). I personally see most buyers as very complacent. Much of it is currency risk as well as competition from other countries. Bulgaria is selling cheap into Europe and Argentina has hurt us in Brazil (that is 2 of the top 4 markets). There is low margins in canary market right now. Really low and hard to move any volume. Mexico has not bought alot and may support the market at some point but i see the market as very slow for next 4-5 months.

Food use is coming but it will be along time before it has a impact on this market. These things take a bit of time to say the least.

Anyone wants to talk to me about the canary market feel free to call me at my office 1(306)931-7775. We just opened a office in Saskatoon.