Flax prices through the month of May saw a little bit of strength. More specifically, we saw a healthy amount of trades in Western Canada on the FarmLead Marketplace between $12.50 and $13 CAD/bushel (AKA new highs this year). Canadian Prairie elevator prices have been holding steady at $12 to $12.50 CAD per bushel, depending on the location.
Also covered for Flax GrainCents subscribers this month was:
- Tighter North American flax supplies in 2018/19;
- The potential size of the 2018/19 US flax crop;
- Slow planting progress in the Prairies and Northern Plains
- An uptick in Canadian flax exports
And of course, we reported on the dry weather conditions across Western Canada.
Be sure to sign up for your free 3-week trial at GrainCents as this month could be the most impactful for how and when you price your flax for the rest of 2017/18 old crop, as well as a significant portion of your 2018/19 new crop production.