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Canada Flaxseed Market News on October 15
2020 / 10 / 20

Flax prices are up slightly from last week, with some buyers showing bids at $16.50/bu FOB on brown varieties and up to $18.00/bu FOB on yellow. For the most part, bids are pushed into the new year for those values, but the odd trade is being done for Nov/Dec. Buyers have had some aggressive bids to meet export sales and with the low carry-over, 2020/21 supplies are projected to be tight again going forward. There are some unanswered questions about the size of the Russian / Kazakh crop, but for the time being, the rally in prices overseas has stalled out as the end of harvest season approaches. With these early strength in prices, we know that there is something happening in the market, but no one is reporting an actual disaster anywhere.

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