Reading Time: 2 minutes Upward revisions in Friday’s Statistics Canada production report to all major grain and oilseed crops grown in Canada came as no surprise to industry participants, with even larger crops expected to be confirmed in subsequent reports. The headline canola and wheat numbers were both up considerably from the August report. Canada’s 2013-14 canola crop is […] Read more
Record-large Canadian crops come as no surprise
ICE weekly outlook: Large crop overhanging canola
Reading Time: 2 minutes ICE Futures Canada canola contracts moved lower during the week ended Wednesday, hitting their softest levels in nearly two months as harvest pressure and spillover from the declines seen in the CBOT soy complex weighed on prices. While rain delays were being reported in some parts of Western Canada during the week, the advancing harvest […] Read more
Upward revisions expected for StatsCan’s crop estimates
Reading Time: 2 minutes Yield reports coming in from across Western Canada point to considerably larger grain and oilseed production than originally expected — but just how big canola, wheat and other crops are remains to be seen. Statistics Canada releases its latest crop survey results on Friday (Oct. 4). StatsCan conducted its survey at the beginning of September, […] Read more
Minneapolis spring wheat loses premium over winter wheat
Reading Time: 2 minutes Minneapolis spring wheat futures have lost all of their normal premiums over Kansas City hard red winter wheat futures, as divergent fundamental factors work on the two classes of wheat. However, it’s only a matter of time before spring wheat regains its ground relative to the Kansas City winter wheat. The December Kansas City hard […] Read more
Manitoba edible beans looking good
Reading Time: < 1 minute Manitoba’s edible bean harvest is about half finished, and the crop is in good shape overall. With solid prices and yields, farmers should see favourable returns going forward, although harvest pressure may limit the immediate upside. “The bean crops are looking good… yields are good overall,” said Tina Scott of Legumex Walker’s beans division at […] Read more
ICE outlook: Canola facing harvest pressure
Reading Time: < 1 minute Canola contracts on the ICE Futures Canada platform moved lower during the week ended Wednesday, hitting their softest levels in a month as harvest pressure weighed on values. With expectations for a record-large crop, the path of least resistance is expected to remain pointed lower in the near term, although canola will also take some […] Read more
Harvest pressure weighs on Prairie wheat bids
Reading Time: < 1 minute Cash bids for spring wheat in Western Canada continued to move lower during the week ended Monday, as harvest pressure and reports of good yields caused basis levels to widen. Average spot bids for Canadian Western red spring (CWRS) wheat at 13.5 per cent protein across Manitoba, Saskatchewan and Alberta came in at around C$222 […] Read more
Spring wheat futures nearing major support
Reading Time: < 1 minute Spring wheat futures at the Minneapolis Grain Exchange have been in a steady downtrend for the past three months, and are currently holding just above major support. Further losses are possible, although values are likely nearing a point that will encourage more export demand, said an analyst. Looking at a monthly chart, the nearby Minneapolis […] Read more
Softer feed barley market stabilizing
Reading Time: < 1 minute Harvest pressure and declining demand have weighed on barley bids in Western Canada lately, but the market is showing signs of stabilizing heading into the winter months. “We’re trading sideways right now,” said Jim Beusekom of Market Place Commodities in the key Lethbridge feeding area of southern Alberta. Spot prices have come down considerably over […] Read more
Market looks past tight Canadian grain, oilseed stocks
Reading Time: 2 minutes Carryover stocks of most major grains and oilseeds in Canada were tighter on July 31 than they were at the same point in 2012 — but new-crop production is expected to more than make up for smaller ending stocks, according to market participants. Statistics Canada on Friday pegged Canadian canola ending stocks at 608,000 tonnes […] Read more
A message from April Stewart, Country Guide's Associate Editor
