We’ve recorded strong figures for Canadian Flax exports in recent weeks which should help prices, but the long-term outlook is seeing some pressure.
Canadian flax exports for the week ending November 18 had a strong week, edging flax prices slightly higher but is this is a trend or a one-off?
Weak exports continue to put a damper on upside for flax prices in North America although below-average crop quality could raise prices
Flax prices in Saskatchewan averaged $12.41 CAD per bushel but with soft exports outlook for Canadian flax, this could add downward pressure to flax prices.
Bumper flax crops in the Black Sea region are starting to pressure Canadian Flax demand in foreign markets; what might that do to flax prices?
Flax exports in the Black Sea saw a new record in 2017/18.
Will this growth be sustainable into 2018/19 and what’s it mean for Canadian flax prices?
Flax prices saw some better activity this past week, which is why it was important to re-review all the factors, and our flax sales position.
This post serves a timestamp on our current old crop & new crop sales positions.
Also included is our rationale for our current crop sales position.
Flax prices in Western Canada crept higher this week. Slow harvest progress due to inclement weather (read: snow!) is helping push prices higher.
Flax exports finished the 2017/18 marketing year 3% higher. Also in this digest, we investigate a stalled flax harvest in the Canadian prairies.
A slow start to this year’s flax harvest is helping to alleviate typical price pressures seen around this time of year, as flax prices are holding steady.
A smaller flax crop in the US has added additional sentiment to the bullish camp, despite typical harvest price pressure. What’s next for flax prices?
This week, we start in the Black Sea, where increased acres and good conditions have led to a very large (and bearish) flax harvest in Kazakhstan.
Canadian flax supplies are tightening, according to StatsCan. Also bullish for flax? A strong export pace, shrinking yields, and a small new crop.
In this digest, we investigate some ‘fake news’ regarding flax exports in Kazakstan. Also, we check in on the flax harvest progress and current prices.
Flax prices remain bullish, despite a lack of fresh news this week. Strong Chinese demand and tight flax supplies in 2018/19 are expected to keep prices up.
We continue to be bullish about flax prices, as weather conditions in Western Canada have pushed spot flax prices higher, while U.S. prices remain steady.
The flax market experienced short-term price pressure this week, but we remain bullish on flax due to weather conditions and the size of the new crop.
Flax prices continue to be bullish, due to scarce supply in the Black Sea, strong Chinese demand, and AAFC’s announcement of tight flax ending stocks.
Flax prices were steady this week, but promising bullish factors like depleted new-crop flax supplies in North America could provide some price support.
Flax prices are bullish due to lower North American flax acres, quality issues with flax in the Black Sea region, and good prospects for Chinese demand.
As we head into the second half of 2018, this Digest provides a recap of the factors most likely to influence flax prices during the rest of year.
The outlook for flax remains bullish. We’ll be watching factors such as US-Canada trade relations, the Loonie, and the weather’s impact on crop condition.
Flax prices turned slightly bearish this week, due to slower demand in the thick of the growing season and a highly rated new crop in North America.
The outlook for flax prices is turning more bullish. Tight supplies will become the norm for the flax market going forward.
Flax prices are in a sweet spot this week, driven up by low commercial flax supplies, the falling Loonie, and (obviously) the weather.
Flax prices are neutral-to-bullish, due to mixed factors like weather, crop conditions in Western Canada, the Canadian Dollar, and flax movement to the US.
Flax markets remain slightly bullish. Old crop and new crop ending stocks are getting tighter and drier weather conditions are weighing on the market.
What caused flax prices to hit a yearly high this week?
GrainCents readers know the current factors driving bullish conditions in the flax market.
This post serves a timestamp on our current crop sales positions.
There are still 327,000 tonnes of flax available in Canada as of the end of the first calendar quarter. This is down 22% year-over-year and 20% less than the five-year average.
North American flax supplies could become a bit tighter since US flax acres are expected to fall by 26%. Decent yields could offset the acreage decline.
StatsCan reports 982,200 acres of flax in 2018/19, down 5% from the year before with most of the pullback in flax acres coming in Saskatchewan and Manitoba.
We saw a weaker Canadian Dollar, which could certainly provide some upside potential for flax prices. A weaker Loonie might also bring China to the market.
Last week reported that US new-crop flax bids reflect smaller US production. This week, it appears that smaller acres won’t quickly fix flax prices.
Saskatchewan flax prices saw some light trade this week. #1 quality is fluctuating between $12 and $12.25 CAD per bushel, steady on the week.
In last week’s GrainCents flax digest, we covered Black Sea’s flax producers acreage intentions in 2018/19. But it looks like numbers are trending down.
The flax market has been trending sideways for a while now. Thus, we looked into if there were some indicators of price direction from the Black Sea.
Flax markets have been stagnant again this week. It lacks fresh news and so nothing is moving. We anticipate a stronger export pace as we lean into March.
Flax markets were again fairly quiet this week, although we did see some trade on the FarmLead Marketplace worth mentioning.
The flax market was deader than lobster in butter sauce as there again, wasn’t any major news to speak of. Activity on FarmLead was pretty much dead.
Flax prices did nothing this week to suggest that things are trending higher or lower or anything for that matter.
Flax prices traded sideways week as there doesn’t seem to be a lot of action to speak of.
Flax prices traded sideways this really little-to-no action to speak of.
Flax markets traded sideways to lower for a second straight week as farmer selling and the strength of the Loonie continues to pressure prices.
Flax markets traded sideways to lower this week on the strength of the Canadian Loonie and some decent farmer selling over the past few weeks.
As we’re still tweaking with our email processes, below you’ll find an aggregated list of content published on GrainCents for flax in the past few weeks.