Reading Time: 2 minutes Canadian canola exports in 2024/25 will be at least a million tonnes above earlier projections, but ending stocks remain to be seen as Agriculture and Agri-Food Canada had to make some creative calculations in their latest supply/demand report.
AAFC ups canola exports, but leaves ending stocks unchanged
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Pulse weekly: Early start expected for Indian monsoon
Rains bode well for crop production
Reading Time: 2 minutes The onset of India’s annual southwest monsoon is expected over the next four-to-five days, which would make for the earliest start of the rainy season since 2009 and sets the stage for good crop production going forward.
CWRS bids weaken, but basis improves
Reading Time: 2 minutes Hard red spring wheat bids in Western Canada moved lower during the week ended May 15, as losses in the United States futures weighed on values. However, weakness in the Canadian dollar was supportive and basis levels improved.
Seeding at halfway mark in Saskatchewan
Good weather aids planting
Reading Time: 2 minutes Favourable weather has allowed Saskatchewan farmers to make good seeding progress, with 49 per cent of intended acres in the ground as of May 12, according to the latest provincial report. That's up from 31 per cent the previous week and compares with the five-year average of 32 per cent.
ICE canola weekly outlook: Biofuel optimism provides boost
Futures hit 18-month highs
Reading Time: < 1 minute ICE Futures canola contracts climbed higher during the week ended May 14, hitting their best levels in 18 months as proposed changes to biofuel policies in the United States lent support.
Manitoba seeding pace ahead of average: Report
32 per cent of intended acres in the ground
Reading Time: < 1 minute Seeding progress in Manitoba is running ahead of average, with 32 per cent of intended acres in the ground as of May 13, reported Manitoba Agriculture in its weekly crop report.
ICE canola weekly outlook: ‘Toppy’ market watching weather
Squeeze possible for old crop
Reading Time: < 1 minute Tight supplies could send old crop canola futures higher before the new crop harvest, but values were showing signs of running into resistance in early May.
Seasonal outlook points to hot Canadian spring/summer
Reading Time: < 1 minute Warmer than normal temperatures are to be expected across most of Canada over the next three months, according to the latest long-range seasonal forecast from Environment and Climate Change Canada as of April 30.
Bird flu update: Study warns H5N1 could spark pandemic, urges preparation
Reading Time: < 1 minute The threat of H5N1 bird flu spreading to humans could spark another global pandemic, warned the Global Virus Network in a recent study calling for proactive measures to prevent widespread outbreaks.
CBOT weekly: ‘Soap opera’ keeps soybeans and corn under pressure
Attention turning to new crop
Reading Time: < 1 minute Soybean and corn futures at the Chicago Board of Trade trended lower in the last days of April, with little bullish news for either commodity as attention turns to the new crop and relatively favourable planting condition across the United States.
A message from April Stewart, Country Guide's Associate Editor
