Grain bins in a Saskatchewan field. (MysticEnergy/iStock/Getty Images)

Less Canadian wheat, more canola on hand to end 2023: StatCan

Some had anticipated even larger on-farm canola stocks, given slower export pace

Reading Time: 2 minutes Canadian wheat stocks at the end of 2023 were considerably tighter compared to the previous year, with oats, corn and pulse crops also seeing supply reductions, according to the latest stocks report from Statistics Canada, released Feb. 8, 2024. However, canola, barley and soybean stocks as of Dec. 31, 2023, were higher compared to the previous year.

Photo: Getty Images

El Nino waning, La Nina to develop in second half of 2024

La Nina likely to affect production of wheat, corn in US, soybeans, corn in Latin America, analyst says

Reading Time: 2 minutes The La Nina weather pattern could emerge in the second half of 2024, quickly after El Nino transitions into ENSO-neutral conditions in the middle of this year, a U.S. government weather forecaster said on Thursday.



Photo: Thinkstock

Canadian grain exports a mixed bag in December

Top three canola importers bought less, U.S. bought more

Reading Time: 2 minutes While Canada’s canola exports fell back so far this marketing year compared to last year, those for wheat were up, according to the Canadian Grain Commission. Released on Feb. 7, the monthly export report took Canada’s exports for cereals, oilseeds and pulses to the end of December.






Photo: Getty Images

U.S. grains: Soy, corn futures under pressure as jobs data lifts US dollar

Reading Time: 2 minutes Chicago | Reuters – Chicago Board of Trade soybean futures fell about one per cent on Friday and corn also declined as the dollar .DXY soared after a much stronger-than-expected monthly U.S. jobs report reduced expectations of near-term Federal Reserve interest rate cuts. “When that jobs report came out, the U.S. dollar shot up, and that seemed […] Read more