Reading Time: 2 minutes Green lentils continue to show solid premiums over their red counterparts, with prices for both old and new crop green lentils well above where they were at this time a year ago.
Green lentils finding support, while reds under pressure
AAFC projects seeded lentil area in the country to be up by 8.0 per cent
Record large fund short position grows in canola
Net short in soybeans, corn also grew
Reading Time: < 1 minute Speculators added to their already record large net short position in early February, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
ICE canola weekly outlook: Market in search of demand
Farmers holding large amounts of unpriced canola waiting for future to move upward, analyst says
Reading Time: < 1 minute A modest attempt at correcting higher was met by stiff resistance in the ICE Futures canola market, with a general downtrend still intact as the futures work to uncover some demand.
USDA raises U.S. carryout, tightens Brazilian production
World wheat carryout estimate downgraded, but well above previous year
Reading Time: 2 minutes Projected ending stocks of soybeans, corn and wheat in the United States were raised slightly higher in the latest supply/demand estimates from the United States Department of Agriculture, while production estimates for Brazil were revised lower.
Less Canadian wheat, more canola on hand to end 2023: StatCan
Some had anticipated even larger on-farm canola stocks, given slower export pace
Reading Time: 2 minutes Canadian wheat stocks at the end of 2023 were considerably tighter compared to the previous year, with oats, corn and pulse crops also seeing supply reductions, according to the latest stocks report from Statistics Canada, released Feb. 8, 2024. However, canola, barley and soybean stocks as of Dec. 31, 2023, were higher compared to the previous year.
Funds still sitting on large net short position in canola
Soybeans' net short position increased by about 5,000 contracts
Reading Time: < 1 minute The large net short position in canola futures held relatively steady during the week ended Jan. 30, with speculative traders making only minor adjustments, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Prairie feed market remains under pressure
U.S. corn imports adding to lack of demand for domestic barley
Reading Time: 2 minutes Feed grain markets in Western Canada remain under pressure, with end users well covered and farmers still sitting on large amounts of unpriced grain.
St. Lawrence Seaway sees increased tonnage in 2023
The seaway saw the longest scheduled shipping season in history
Reading Time: < 1 minute Cargo movement through the St. Lawrence Seaway was up by more than 3.4 per cent in 2023 compared to the previous year, with nearly 38 million tonnes of cargo moved through the binational system, according to a joint report from the Canadian St. Lawrence Seaway Management Corporation (SLMC) and the United States Great Lakes St. Lawrence Development Corporation (GLS).
Warm seasonal outlook across country
Precipitation expected to be normal across most of Canada
Reading Time: < 1 minute Warmer than normal temperatures are expected to continue across all of Canada through the next three months, according to the latest long-range seasonal forecast from Environment and Climate Change Canada, released Jan. 31.
India looking at large lentil crop, but pulses down overall
Delayed onset of northeast monsoon slowed harvests, shortened planting window
Reading Time: 2 minutes India may be looking at a record large red lentil crop in 2023/24, although poor monsoon rains are expected to cut into total pulse area and production, according to reports out of the country.
A message from April Stewart, Country Guide's Associate Editor
