Reading Time: 2 minutes CNS Canada — Canadian farmers planted their largest chickpea crop in more than a decade in 2018, with the bigger crop likely to lead to a wider price spread between larger- and smaller-calibre supplies. Statistics Canada has placed chickpea acreage for 2018 at 468,900 acres, which would be well above the 160,000 acres planted in […] Read more
Pulse weekly outlook: Wider price spreads likely with big chickpea crop ahead
ICE weekly outlook: More downside likely for canola
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola futures fell sharply lower during the week ended Wednesday, but could still have more room to the downside as the oilseed remains overpriced compared to the slumping U.S. soybean market. Mounting trade tensions between the U.S. and China led to a selloff in Chicago Board of Trade (CBOT) […] Read more
ICE weekly outlook: Market watching weather, acres, trade
Reading Time: < 1 minute CNS Canada — Canola futures bounced around within a rather narrow range during the week ended Wednesday, but generally trended higher as the market recovered off of the four-month lows hit on June 19. Statistics Canada releases updated acreage estimates on Friday, and any surprises in the data could provide some nearby direction. The U.S. […] Read more
Canadian canola area likely above earlier projection
Reading Time: 2 minutes CNS Canada — Canadian farmers likely seeded more canola in 2018 than initial expectations, but industry participants generally expect to see only minor adjustments when Statistics Canada releases its latest acreage estimates on Friday. “Our idea is that the canola seeded area number is higher than initially reported,” said Jon Driedger of FarmLink Marketing Solutions. […] Read more
Canola crush margins deteriorate
Reading Time: < 1 minute CNS Canada — Canola crush margins have deteriorated over the past few months to hit some of their weakest levels of the past two years. However, domestic processors continue to show good demand despite their declining profit margins. As of Monday, the Canola Board Crush Margin calculated by ICE Futures Canada was about $44 above […] Read more
ICE weekly outlook: Canola facing uncertainty
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts fell to their lowest levels in more than three months during the week ended Wednesday, but could still have more room to the downside given the general sense of global trade uncertainty. “Every commodity trader in North America or globally is scared to death right now,” said […] Read more
Pulse weekly outlook: Edible beans in good shape for now
Reading Time: 2 minutes CNS Canada — Manitoba’s edible bean crops are generally in good shape, although too much moisture could become a concern. Canadian farmers intended to plant 246,000 acres of edible beans in 2018, which would be down slightly from 333,000 the previous year, according to Statistics Canada data. Of that total, Manitoba edible bean area was […] Read more
Ample supply keeps oats under pressure
Reading Time: 2 minutes CNS Canada — Canadian oat crops are in reasonably good shape following recent rains, though prices may find themselves under pressure as end-users are well covered for the time being. Farmers planned on seeding about 3.15 million acres of oats in the country in 2018, down only slightly from the 3.2 million seeded the previous […] Read more
Canola technicals turn bearish
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts settled at their weakest levels in nearly three months on Thursday, with more room to the downside as the technical bias has shifted lower. After hitting contract highs within the past two weeks, the canola market has found itself in a steady downtrend. The nearby July contract […] Read more
Mustard looking to rebound, if weather co-operates
Reading Time: < 1 minute CNS Canada — Canadian mustard acres may be up on the year, but key growing regions missed out on recent rain and will need more moisture as the season progresses, in order to prevent a repeat of 2017’s drought-stricken crop. “Mustard was offering some profit potential compared to some of the other options out there, […] Read more
A message from April Stewart, Country Guide's Associate Editor
