Reading Time: 2 minutes MarketsFarm — Canadian canola ending stocks for 2022-23 were revised higher by Agriculture and Agri-Food Canada in its latest supply/demand estimates, released Friday. The larger carryout projection came despite a downward revision to production, as both exports and domestic usage were also down from the November report. The government agency now sees canola carryout of […] Read more
AAFC raises canola stocks projection, despite smaller crop
Department also trims wheat ending stocks
ICE weekly outlook: Less canola to be exported
Crop expectations from Canada, Australia are factors
Reading Time: 2 minutes MarketsFarm — Any hopes of Canada exporting 9.3 million tonnes of canola during 2022-23 have now been dashed for two reasons. One reason is the latest Statistics Canada production report that cut canola production for the current marketing year. The other is the bumper canola crop Australia is now expected to have this year. StatCan’s […] Read more
AAFC report sees another series of tweaks
Reading Time: < 1 minute MarketsFarm — As expected, Agriculture and Agri-Food Canada (AAFC) avoided making any major revisions to its November supply and demand estimates, waiting until Statistics Canada issues its next production report on Dec. 2. AAFC released its latest monthly report late Friday afternoon. While AAFC tweaked its November supply and demand estimates from October, most of […] Read more
Canadian wheat, canola stocks projections revised higher
Reading Time: 2 minutes MarketsFarm — Canadian wheat and canola ending stocks for the 2022-23 crop year are forecast to end up above earlier projections, according to updated supply/demand estimates from Agriculture and Agri-Food Canada, released late Friday. The updated estimates account for recent production and old-crop carryout numbers from Statistics Canada. Total wheat ending stocks for 2022-23 are […] Read more
AAFC raises wheat, canola production estimates
Ending stocks outlook mixed
Reading Time: < 1 minute MarketsFarm — Canadian wheat and canola production are both expected to come in above earlier expectations in updated supply/demand projections from Agriculture and Agri-Food Canada, released Thursday. However, while wheat stocks are also expected to rise, the canola carryout was revised lower due to expected increases in exports and domestic usage. The government agency raised […] Read more
AAFC ups wheat production, usage numbers; stocks steady
Reading Time: 2 minutes MarketsFarm — Projected ending stocks of Canada’s major crops were left relatively unchanged in the latest supply/demand estimates from Agriculture and Agri-Food Canada, released Monday, although there were some revisions to the wheat production and usage numbers. The government agency raised its forecast for total Canadian wheat production in 2022-23 to 33.092 million tonnes, up […] Read more
Drought worsens in Alberta, but eastern Prairies wet
Reading Time: < 1 minute MarketsFarm — Highly varied precipitation across the Canadian Prairies in May saw drought conditions worsen in southern Alberta while parts of Manitoba and Saskatchewan were becoming too wet, according to the latest federal Drought Monitor report. The report, released by Agriculture and Agri-Food Canada (AAFC) for the period ended May 31, showed that overall, 19 […] Read more
Pulse weekly outlook: AAFC projects normal yields, increased pulse production
Reading Time: 2 minutes MarketsFarm — A return to yields closer to long-range averages will result in greater production for most pulse crops in 2022-23, according to Agriculture and Agri-Food Canada’s monthly outlook for principal field crops released last Friday. Many of the projections are based on the assumption that normal weather conditions will return to most of the […] Read more
Drought gone in Manitoba but worsening in Alberta, AAFC reports
Reading Time: < 1 minute MarketsFarm — Record-breaking precipitation in southern Manitoba and eastern Saskatchewan helped improve moisture conditions in the region in April, taking much of the area out of the drought classification, according to the latest Drought Monitor report from Agriculture and Agri-Food Canada (AAFC) for the period ended April 30. Two separate Colorado lows brought significant snow, […] Read more
AgriStability enrolment deadline extended for 2022
Two-month extension in place for fourth year in a row
Reading Time: 2 minutes The deadline for Canadian farmers to enroll in AgriStability has been extended for two months — making 2022 the fourth year in a row with a enrolment deadline bump for the farm income stabilization program. The enrolment deadline without penalty for the 2022 program year was previously scheduled for this Saturday, April 30, but is […] Read more
A message from April Stewart, Country Guide's Associate Editor
