Reading Time: < 1 minute CNS Canada – After weeks of no harvest progress, farmers in Alberta were able to get back into the fields and make significant harvest progress over the last week, according to the provincial crop report released Oct. 26. The Alberta harvest is now 78 per cent completed as of Tuesday, Oct.23, jumping up 28 per […] Read more
Alberta farmers make large harvest progress
Drought to cut east Australia crop output in half from 20-year average
Reading Time: 2 minutes Melbourne | Reuters – Drought is expected to cut eastern Australia’s crop production this year to less than half the average over the past 20 years, with New South Wales to be worst hit, the country’s agricultural commodities forecaster said on Friday. While some regions are facing the worst conditions in memory, the Australian Bureau […] Read more
ICE weekly outlook: Market watching late harvest
Reading Time: < 1 minute CNS Canada – Canola futures have found themselves in a downward slide, with the market settling right above major support levels on Oct. 24. The January contract finished Wednesday’s session at C$491 per tonne, which was right above major support at C$490 per tonne. “If it legs down, I think a swing target could be […] Read more
Canadian farmers race to reap wheat while sun shines, but damage done
Reading Time: 2 minutes Winnipeg | Reuters – Sunny skies may allow Canadian farmers to swiftly make up for harvest delays this week, wrapping up a nightmarish season for some. But while the harvest is finally on its way in the third-biggest wheat-exporting country, weather troubles look to dent farm incomes due to quality problems that are also forcing […] Read more
Manitoba harvest nearing completion
Reading Time: < 1 minute CNS Canada – Warm and dry weather helped advance harvest across Manitoba during the week ended Oct. 22, according to the provincial report. Harvest progress was 91 per cent complete as of Oct. 22, up seven percentage points from the previous week. The spring wheat, barley, oat and dry bean harvests are 99 per cent […] Read more
Agriculture Canada ups canola carryout forecast sharply
Reading Time: 3 minutes Winnipeg | CNS Canada – Canadian canola carryout stocks at the end of the current marketing year (2018/19) will be considerably larger than an earlier estimate, according to updated supply/demand tables from Agriculture and Agri-Food Canada, released on Oct. 19, 2018. Agriculture Canada’s market analysis branch forecast canola ending stocks for 2018/19 at 2.500 million […] Read more
Canola funds cover shorts, move to net long
Reading Time: < 1 minute CNS Canada — Speculators covered short positions in the ICE Futures canola market during the week ended Tuesday, moving from a net short position to a small net long position, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators moved from […] Read more
ICE weekly outlook: Canola trends lower as farmers sell, harvest
Reading Time: 2 minutes CNS Canada — The ICE Futures canola market will bounce around in trade for the foreseeable future with the overall trend being downward, according to an analyst. “We’re just going to continue to migrate lower. (There) are going to be up days because nothing goes down forever,” said Wayne Palmer, senior market analyst with Exceed […] Read more
Canola funds bail out of short positions
Reading Time: < 1 minute CNS Canada –– Large speculative traders bailed out of short positions in canola and picked up some new longs during the week ended Tuesday, cutting their net short position sharply, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators reduced their […] Read more
Heavy canola deliveries despite harvest delays
Reading Time: < 1 minute CNS Canada — Canadian farmers made heavy deliveries of canola into the commercial pipeline during the first week of October, according to the latest Canadian Grain Commission data. The active movement came despite persistent reports of harvest-delaying weather in many areas. While snow continued to keep farmers off of their fields in parts of the […] Read more
A message from April Stewart, Country Guide's Associate Editor
