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Canada Flaxseed weekly Market on November 27
2020 / 11 / 28

Flax pricing is holding out so far this week, unlike other markets that have significantly softened. If you don’t have any flax on the books yet, signing some up at $18.00/bu FOB for a March/April type movement is still possible. New crop is still lingering around $14.00/bu picked up. Canada no longer dominates the flax market, so the prices aren’t as straightforward as they were 10 years ago. We have seen Canadian supplies shrink in the last five years, but the Black Seas Region has filled that gap which has kept prices from rallying. The disruption of the flax supply in the Black Sea Region has the prices for Canadian flax at an all-time high. If the disruptions overseas are purely logistical then we will see a correction in the market. As always, we have some seed suppliers for those looking for new seed or if you want to put some acres in for 2021.

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