Reading Time: 2 minutes Statistics Canada is expected to confirm relatively tight ending stocks of most major Canadian grains and oilseeds when its report on stocks as of July 31 is released Friday. However, with large production prospects to more than make up for the small carryover, market participants were uncertain what the stocks data would do for prices. […] Read more
Large crops seen making up for tighter Canadian stocks
ICE outlook: Harvest pressure to weigh on canola
Reading Time: < 1 minute ICE Futures Canada canola contracts moved lower during the week ending Wednesday, as large production prospects and spillover from the softer tone in CBOT (Chicago Board of Trade) soyoil weighed on values. Harvest pressure is expected to keep the path of least resistance to the downside over the next couple of months, although activity in […] Read more
Cycles point to potential early Sept. Prairie frost: Lerner
Reading Time: 2 minutes Cyclical weather patterns developing in Western Canada point to cooler temperatures and the possibility of frost in early September, according to meteorologist Drew Lerner of World Weather Inc. in Kansas City. Based on a number of studies over the past few months, “we think we’ve identified a pattern in the atmosphere that is repeating at […] Read more
CWB branching out into yellow peas
Reading Time: 2 minutes CWB (formerly the Canadian Wheat Board) is branching out to include a pool for yellow peas in its second year as an independent grain marketer in Western Canada. In addition to its traditional wheat, durum and barley pools, CWB released its first-ever pool return outlooks (PROs) for field peas on Aug. 15, offering a pooled […] Read more
ICE outlook: Canola still watching weather
Reading Time: < 1 minute ICE Futures Canada canola contracts moved higher during the week ended Aug. 21, seeing a further correction from the lows set earlier in the month as oversold price sentiment and gains in CBOT soybeans provided support. Canadian harvest operations are starting to move forward, and the expectations for a large crop may limit the upside […] Read more
Record StatsCan canola estimate likely larger still
Reading Time: 2 minutes Canadian canola production will likely end up even larger in 2013-14 than the already record-high estimate from Statistics Canada in its first survey results of the year, according to industry participants. StatsCan on Wednesday pegged canola production in 2013-14 at a record 14.7 million tonnes, which would compare with 13.3 million tonnes the previous year. […] Read more
Large crops anticipated in StatsCan survey
Reading Time: 2 minutes Production of Canada’s major grain and oilseed crops in 2013 is generally expected to show an improvement from the previous year, but the extent of the increase for each crop will depend on conditions over the latter half of the growing season. Statistics Canada releases its first survey-based production estimates of the crop year on […] Read more
Canola weak, but watching weather
Reading Time: 2 minutes Canola contracts on the ICE Futures Canada platform moved lower during the week ending Wednesday, setting fresh contract lows in the process. Speculative selling and relatively favourable crop conditions across Western Canada weighed on values. While the downtrend remains firmly in place, an analyst said prices could easily see a sizeable corrective bounce if any […] Read more
One year later, open wheat market moves along
Reading Time: 2 minutes After 75-plus years of only marketing wheat through the single desk of the Canadian Wheat Board, western Canadian farmers have now had a year to get used selling the crop on an open market. Legislation passed by the Conservative government ended the single desk as of August 1, 2012. The rebranded CWB remains in operation as […] Read more
ICE Canada weekly outlook: Canola still trending lower
Reading Time: < 1 minute ICE Futures Canada canola contracts dropped sharply during the week ended July 31, setting fresh lows in the process. A number of former chart support points were breached during the week, with the relatively favourable crop conditions seen across most of Western Canada adding to the speculative selling pressure. While canola may be looking oversold from […] Read more
A message from April Stewart, Country Guide's Associate Editor
