Reading Time: 2 minutes Canadian farmers intend to seed less canola in 2024 compared to the previous year, while overall wheat area should hold relatively steady, according to the latest Statistics Canada survey results released March 11.
Canadian canola acres to dip in 2024, wheat steady: StatCan
Lower prices, moisture concerns cited; moisture has since improved somewhat
ICE canola showing signs of stabilizing
Expectations for slightly lower canola acres ahead of StatCan report
Reading Time: < 1 minute The ICE Futures canola market may finally be showing signs of stabilizing after its long downtrend, although the upside could be limited for the time being.
Australia wraps up winter wheat/canola harvest
Production beats earlier forecasts, but are still down on the year
Reading Time: < 1 minute Australia’s winter harvest has wrapped up, with wheat and canola production beating earlier forecasts but still down on the year, according to the latest crop report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES).
Feed barley stuck in downtrend
Canada has imported 564,900 tonnes of U.S. corn since Sept. 1
Reading Time: 2 minutes The Western Canadian feed market remains under pressure, with barley bids stuck in a steady downtrend.
Warm spring in the forecast for most of Canada
Moisture predicted to be normal across most of the country
Reading Time: < 1 minute All of Canada, aside from Yukon and parts of the Northwest Territories are expected to see warmer than normal temperatures over the next three months, according to the latest long-range seasonal forecast from Environment and Climate Change Canada, released Feb. 28.
Fading El Niño to be replaced by La Niña: The Weather Network
Warmer than normal temperatures expected to continue on the Prairies
Reading Time: 2 minutes Fading El Niño weather patterns will be replaced by La Niña conditions heading into the summer, according to the latest seasonal forecast from The Weather Network.
Spring road restrictions coming soon to Prairies
Grain, equipment movement can be affected by road bans
Reading Time: < 1 minute The spring melt across Western Canada will cause disruptions to grain and livestock movement, as seasonal spring road restrictions come into effect across the Prairies.
Managed money still adding to record large canola short position
Net short position in soybeans increased by about 2,300 contracts
Reading Time: < 1 minute Speculators continued to add to their record large net short position in canola in mid-February, showing little sign of moving to the other side of the market any time soon, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Prairie wheat bids mixed as choppy futures trend lower
Wheat futures tested fresh contract lows
Reading Time: 2 minutes Spring wheat bids in Western Canada were mixed during the week ended Feb. 23 as choppy activity in the United States futures spilled into the cash market.
Feed barley under pressure, but opportunities available
Corn downturn likely to keep feedlots looking to extend coverage
Reading Time: < 1 minute Feed barley bids in Western Canada remained under pressure in mid-February amid continued imports of corn from the United States and the relatively mild Prairie winter. However, localized spot opportunities do pop up occasionally.
A message from April Stewart, Country Guide's Associate Editor
