Community Calendar

Jobs in Gull Lake

Minutes and Bylaws

Real Estate Listings

Town Newsletter

Upcoming events:

  • Fri
    22
    Feb
    2019
    Sat
    23
    Feb
    2019

    GULL LAKE OILMEN’S CURLING BONSPIEL

    Gull Lake Curling Rink

  • Sun
    03
    Mar
    2019

    Gull Lake Elks 3rd Annual Ice Fishing Derby

    08:30 am @Gull Lake Elks Hall

Lots of Grain and Supply in the Market – SwiftCurrentOnline.com

Written by Glenda Lee Allan

Harvest is about 60% complete across the prairies right now.

With the harvest moving along one market analyst is describing the grain markets as neutral to slightly bearish.

“The main conundrum in the markets is just there’s a lot of grain, a lot of supply. I’d say it’s more or less a demand problem. We haven’t seen any incremental demand sources coming into the market,” said Neil Townsend is Director of CWB Market Research, CWB becoming G3 Canada Limited.

He notes a number of countries have seen a drop in their currency which makes exports more attractive, while imports look more expensive.

“People are trying to find sources of demand to allocate surplus grain or oil seed onto. So you have a situation in Russia where the end results of their crop was better than what was anticipated and they now probably have more export surplus. Today, they’re talking and discussing their export to tariff regime,”  Townsend said.

He says without the demand to eat up the surplus it’s going to be hard to grind the prices higher.

Source: Lots of Grain and Supply in the Market – SwiftCurrentOnline.com

Lots of Grain and Supply in the Market - SwiftCurrentOnline.com Agriculture  Saskatchewan Crops

Leave a Reply

Search This site

Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages

Categories