Canary Seed

[poorboy]

What do you think will happen to the Canary seed prices? I was reading the supply situation for canaryseed is tighter than was the case one year ago.

[boone]

gizen; if you get a chance read Weber Commodities.com daily newsletter, give him a call for a trial it can't be beat for straight shooting info. Good comment on Canary today.

[boone]

Canary seed has been the victim of an unprincipled industry. Importers have walked on contracts as the market has fallen but when you dig further into the demise, you learn that Canadian companies have walked on contracts, shipped empty cars against unfilled contracts and acted without any regard for the market when prices have risen dramatically. The biggest challenge for the pulse industry is learning to grow up. As usual, a few are tarnishing the whole. Until such time as non-performance is disciplined, either by trade law or unwritten law, Canada’s reputation will remain tarnished. If such an event happened in canola trade, the old guard would be all over someone. Say what you will about the old boys club but it still reminds this generation of traders that a handshake is honoured, contracts are executed and you have to pay your dues

[boone]

Below is a email I recieved about canary seed from Doug Chambers the
Manager of Quality Grain Marketing. I am hoping the prices myself might climb up a bit for a short time in May sometime.

Over the past few months we have seen canaryseed prices drop from the high .30’s to the low .20’s. We now see the market at .20/lb with the odd opportunity to price a .21/lb picked up. If you see one of these opportunities you should grab it and run.

New crop maybe 5 months away but is already being priced at .14/lb by some buyers. If you look back over history, canaryseed tends to have a couple of high years, 2001 and 2002, and then drops back to 3 years of low prices ranging from .08 to .12 lb. This year seems to be trending to the bottom end of that.

Another thing that will be happening in the next 2 months is the spring harvest of left over canary seed. These acres consist of between 20 and 25% of a normal crop and will hit the market hard. By the end of June we will be lucky to see .16/lb in the market as a whole.

Give us a call if you want more detail.

Remember this is an example of some of the extra market commentary that you can get for just over $8/month if you subscribe to our daily e-mail service. As well you get daily updates of trades that have happened during the past 24 hours. You also get the daily summary of where other people are willing to sell and where the bids are to compare if what you are seeing is equal to what you have found in the market place. As well there is market alerts that come out when a buyer steps into the marketplace looking for a specific product at a premium price.

This is an excellent way to follow the markets when you are out seeding.

If you have got this e-mail, it means you are not subscribed to this service. If you want to subscribe to this service then send a cheque to the below address for $107.00 (100 plus GST) and we will get you on right away. Make the cheque payable to Quality Grain Marketing.

Doug Chambers

Manager, Quality Grain Marketing

Ph 403-234-8325 - toll-free 1-866-824-8324

Suite 191-200 Rivercrest Dr SE

Calgary Ab

T2C 2X5