Reading Time: 2 minutes MarketsFarm — Canadian canola ending stocks in both the current marketing year and upcoming 2023-24 season will be tighter than earlier estimates, according to supply/demand projections from Agriculture and Agri-Food Canada (AAFC) on Tuesday. Factoring in Statistics Canada’s latest acreage estimates and its data for stocks as of March 31 — figures both released in […] Read more
AAFC projecting canola ending stocks to tighten
New-crop wheat ending stocks figure boosted
MPs get assurance on Canada’s biosecurity preparedness
Canada well prepared for foreign animal diseases, officials say
Reading Time: 2 minutes Officials from several federal agencies have reassured the public about Canada’s animal biosecurity preparedness. Witnesses from the Canadian Food Inspection Agency (CFIA), Agriculture and Agri-Food Canada (AAFC) and the Canada Border Services Agency (CBSA) spoke to MPs’ concerns about livestock diseases at a committee meeting last Wednesday afternoon. Biosecurity preparedness has been a relevant issue […] Read more
Federal workers reach tentative deal
Over 120,000 PSAC members back on job Monday
Reading Time: 3 minutes Over 120,000 striking federal government employees are expected to return to work starting Monday morning (May 1) after reaching tentative agreements overnight. The Public Service Alliance of Canada (PSAC) announced after midnight Monday it had reached tentative agreements for workers in four bargaining units who negotiate with the federal Treasury Board of Canada Secretariat. Among […] Read more
Pulse weekly outlook: Larger pea, chickpea exports expected
China, Bangladesh among major destinations
Reading Time: < 1 minute MarketsFarm — Canadian pea, chickpea and edible bean exports will likely beat earlier expectations during the current 2022-23 marketing year, according to updated supply/demand projections from Agriculture and Agri-Food Canada. The stocks-to-use rations for the three crops should also tighten as a result. In its report Friday, the government agency upped its call for Canadian […] Read more
Analysts expect additional acres for canola, wheat
StatCan estimates due out Wednesday
Reading Time: 3 minutes MarketsFarm — If traders and analysts are correct with their estimates, there will be slightly more wheat and canola acres seeded in Canada this year compared to 2022. Statistics Canada (StatCan) will release its first survey-based acreage estimates for the 2023-24 marketing year on April 26. Other than drier and cooler conditions in southern Manitoba, […] Read more
AAFC raises canola stocks projections
StatCan's early acreage estimates due out this week
Reading Time: < 1 minute MarketsFarm — Canola ending stocks for both the current marketing year and 2023-24 were raised slightly by Agriculture and Agri-Food Canada (AAFC) in its latest supply/demand projections, released Friday. The government agency lowered its canola export forecast for 2022-23 by 200,000 tonnes from March, now pegging movement at 8.4 million tonnes. With domestic usage left […] Read more
Some 155,000 federal public workers on strike over pay dispute
Some AAFC, CGC work to be affected
Reading Time: 2 minutes Ottawa | Reuters — More than 155,000 public sector workers in Canada began a strike Wednesday after failing to reach a wage deal with the federal government by a Tuesday night deadline, in action that will affect tax filings and passport services during peak demand. The Public Service Alliance of Canada (PSAC) union said contract […] Read more
AAFC supply/demand estimates mostly unchanged
Wheat exports up, but domestic usage cut
Reading Time: 2 minutes MarketsFarm –– Supply/demand estimates for Canadian crops were largely left unchanged in Agriculture and Agri-Food Canada’s (AAFC) latest projections, with only the wheat numbers seeing small adjustments in the report released Tuesday. Projected Canadian wheat exports for the 2022-23 marketing year were raised to 24.3 million tonnes, up by 200,000 from the February estimate. Domestic […] Read more
USDA sees increased EU canola imports, no extra from Canada
U.S. also projects higher Canadian ending stocks
Reading Time: < 1 minute MarketsFarm — The European Union will likely import more canola (rapeseed) this year than earlier thought, but any increased movement should come from Australia or Ukraine rather than Canada, according to updated projections from the U.S. Department of Agriculture. USDA raised its forecast for European rapeseed imports during the 2022-23 marketing year by 550,000 tonnes, […] Read more
ICE weekly outlook: Upswings likely out of question for canola
Canada's exports expected to ebb
Reading Time: 2 minutes MarketsFarm — Don’t expect any large increases in canola prices any time soon, according to Ken Ball of PI Financial in Winnipeg. In fact, there’s a good chance seen that old-crop canola could fall below its support level of $800 per tonne. Ball said 2022-23 canola ending stocks in Canada could increase because of the […] Read more
A message from April Stewart, Country Guide's Associate Editor
