Reading Time: 2 minutes CNS Canada — Canadian canola and wheat production likely ended up larger than earlier estimates, according to computer model-based data released Tuesday by Statistics Canada. The model-based estimates are calculated by incorporating satellite data, agro-climate data, and Statistics Canada’s field crop reporting data. The numbers compare with the survey of farmers released Aug. 31. Total […] Read more
StatsCan’s model-based estimates confirm larger crops
Canadian canola deliveries reported near record
Reading Time: < 1 minute CNS Canada — Canola remains the cash-flow king of the Prairies, with farmers making near record deliveries off the combine in the Canadian Grain Commission’s latest weekly report. A total of 627,000 tonnes of canola were delivered into the commercial system during the week ended Sept. 10, which would mark the third highest single week […] Read more
CBOT weekly outlook: Strong demand to underpin soy, corn
Reading Time: 1 minute CNS Canada — Soybean and corn futures at the Chicago Board of Trade will soon face seasonal harvest pressure, but good demand may limit the downside this year. Slight upward revisions to the U.S. Department of Agriculture’s yield estimates in the latest supply/demand report weighed on soybeans and corn on Tuesday, but the soybean losses […] Read more
Baltic Dry Index hits three-year highs
Reading Time: < 1 minute CNS Canada — The Baltic Dry Index has seen some strength over the past two months, rising to its highest levels in nearly three years. The BDI settled Monday at 1,355 points, having gained roughly 500 points over the past two months. The index was last this high in November 2014. The BDI is compiled […] Read more
Canola charts looking bearish
Reading Time: < 1 minute CNS Canada –– ICE canola futures are looking bearish from a chart standpoint, with the November contract settling at its lowest point in more than two months on Monday at $485.70 per tonne. After declining about $25 per tonne over the past three weeks, the general trend still remains pointed lower, with the yearly lows […] Read more
ICE weekly outlook: Canola rangebound at harvest time
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola futures remain stuck in a rather narrow range, with seasonal harvest pressure weighing on the one side while solid demand provides support on the other side. “We’ve been in a sideways trading environment for 2-1/2 years, and I don’t see that changing,” said Mike Jubinville of ProFarmer Canada. […] Read more
Traders look to new crop following StatsCan stocks estimates
Reading Time: 2 minutes CNS Canada — Canadian canola stocks were relatively tight at the close of the 2016-17 crop year, which should be underpinning the market as the trade works to get a better handle on new-crop production. In a report released Wednesday, Statistics Canada pegged Canadian canola supplies as of July 31 at 1.35 million tonnes, compared […] Read more
Visible Canadian canola stocks tightest in four years
Reading Time: < 1 minute CNS Canada — Canola supplies in commercial hands in Canada dropped to their tightest level in four years, according to the latest data from the Canadian Grain Commission for the week ended Sunday. Visible canola supplies, at 511,500 tonnes, are down from the already tight level of 556,700 posted the previous week, and represent the […] Read more
StatsCan production survey timing likely to skew results
Reading Time: 2 minutes CNS Canada — Production of Canada’s major crops is generally expected to be down on the year after an adverse growing season in many areas. However, actual production may not end up as low as the estimates set to be released by Statistics Canada on Thursday, due to the timing of the survey. The survey […] Read more
ICE weekly outlook: Canola rangebound ahead of harvest
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts moved off of chart support during the week ended Wednesday, to hit its highest levels in two weeks. However, the market remains rangebound overall, as traders wait to get a better handle on the size of this year’s crop. With harvest operations just starting, Jamie Wilton of […] Read more
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