Reading Time: 3 minutes MarketsFarm — Severe drought in Western Canada during the summer of 2021 has played a major part in reducing the stocks for Canada’s principal field crops at the end of the 2021-22 marketing year, according to Statistics Canada. Canada’s central data agency released a report Wednesday presenting total ending stocks for the country’s major crops […] Read more
Ending stocks tumble due to drought: StatCan
Canola stocks are below 'pipeline levels'
Pulse weekly outlook: Australia’s winter pulse production mixed
Reading Time: < 1 minute MarketsFarm — Australia’s 2022 winter pulse crop will see its ups and downs, according to a quarterly crop report released Tuesday by the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES). Chickpeas saw the largest projected production decline, dropping 41.5 per cent from the 2021-22 marketing year to 621,000 tonnes this year, Australia’s […] Read more
Prairie cash wheat: Bids mixed headed into long weekend
Reading Time: 2 minutes MarketsFarm — Despite projections that Canada will have a large wheat harvest this year, Western Canadian wheat bids were mixed for the week ended Thursday, largely due to a weakening Canadian dollar. Statistics Canada (StatCan) on Monday released its satellite imagery-based July principal field crop production estimates, which projected a total wheat harvest of 34.6 […] Read more
Feed weekly outlook: Grain prices start moving upward
New-crop barley already en route to feedlots
Reading Time: 2 minutes MarketsFarm — Hot temperatures and a lack of precipitation in recent days are helping Alberta growers make significant progress, according to Lethbridge-based Market Place Commodities’ president Jim Beusekom. “In southern Alberta, (the harvest) is doing just fine,” he said. “We had some rain last week. Some (had) more, some less. Last week limited how much […] Read more
CBOT weekly outlook: Harvest, crop conditions pressuring prices
Reading Time: 2 minutes MarketsFarm — The Pro Farmer Midwest Crop Tour earlier this month brought attention to a potential reduction of corn yields in some areas of the U.S., causing a rally in prices. However, after crop conditions did not fall as expected, prices underwent a correction, according to one analyst. The U.S. Department of Agriculture (USDA), in […] Read more
Manitoba’s sunflower crop smaller, better
Global supply, demand outlooks remain uncertain
Reading Time: 2 minutes MarketsFarm — If Canada’s 2022 sunflower seed harvest is to be the lowest in five years, you wouldn’t know it talking to producers of the crop. In its July satellite image-based principal field crops estimates released Monday, Statistics Canada projected sunflower seed production for the 2022-23 marketing year at 61,996 tonnes, 24.2 per cent lower […] Read more
Pulse weekly outlook: StatCan shows big jump in pea, lentil production
Reading Time: 2 minutes MarketsFarm –– The Canadian pulse harvest appears to be making a comeback after production struggled with a historic drought in Western Canada last year. Statistics Canada (StatCan) released its July satellite image-based principal field crop production estimates on Monday, projecting sharp increases in production for most of Canada’s crops, including pulses. Canada’s dry pea harvest […] Read more
Canadian crop production bounces back, StatCan reports
Wheat at higher end of trade projections
Reading Time: 3 minutes MarketsFarm — After 2021’s historic drought on the Prairies caused crop production to fall to historic lows, the 2022 harvest has mostly bounced back to pre-drought levels, according to Statistics Canada. StatCan on Monday released its July 2022 satellite image-based principal field crop production estimates, which confirmed analysts’ expectations that this year’s crop production would […] Read more
Feed weekly outlook: Barley harvest begins in Alberta
Prices continue easing
Reading Time: < 1 minute MarketsFarm — The barley harvest has already started in Alberta and prices continue to ease downward, according to one trader. “Around Lethbridge, they seem to have a good portion done,” said Erin Harakal, trade manager for Agfinity Inc. at Stony Plain, Alta. “Some areas in the north are starting, as well. The Edmonton area, Red […] Read more
Greater crop production estimated prior to StatCan report
Extended time lag between survey, data's release criticized
Reading Time: 3 minutes MarketsFarm — Analysts are expecting Canadian crop production totals for the 2022-23 marketing year to be substantially higher compared to drought-stricken 2021-22, but still not enough to fully replenish supplies. Statistics Canada (StatCan) will publish its first satellite image model-based yield and production estimates for principal field crops on Monday. Traders and analysts are interested […] Read more
A message from April Stewart, Country Guide's Associate Editor
