Reading Time: < 1 minute MarketsFarm — Total 2023-24 winter crop production in Australia, at an estimated 45.2 million tonnes, is expected to be 34 per cent off the record highs hit last year but slightly above the June forecast as upward revisions to canola and barley counter a downward revision to the wheat number, according to the latest crop […] Read more
Australian crop estimates adjusted slightly lower
Crop seen down 34 per cent from last year
ICE weekly outlook: Harvest pressure, farmer selling to guide canola
New StatCan figures 'right around expectations'
Reading Time: 2 minutes MarketsFarm — Any fanfare from the long-awaited production estimates from Statistics Canada released on Tuesday was gone by the next day. ICE canola futures initially jumped by double digits that morning, but throughout that session the gains faded. By the end of Wednesday’s session, canola was down. “The StatCan report came in right around expectations. […] Read more
Canada to harvest less wheat than expected due to drought
Canola, barley, oats output also projected lower
Reading Time: 2 minutes Winnipeg | Reuters — Canadian farmers will harvest less wheat than expected after dry conditions in parts of the Prairie provinces shrunk yields, a government report showed on Tuesday. Drought is expected to send global wheat stockpiles for major exporters to the lowest levels in more than a decade, a Reuters analysis has shown. Canada […] Read more
Crop rotations and the bottom line
Prairie researchers examine how different crop rotations affect net economic returns
Reading Time: 7 minutes Glacier FarmMedia – When it comes to on-farm decision making, the bottom line for most farmers is often, well, the bottom line. A 2019 survey of Manitoba farmers bore that out. The survey, conducted on behalf of the Manitoba Pulse and Soybean Growers, asked farmers which factors were important to them when planning their crop […] Read more
Increases seen in most July grain deliveries
Oats deliveries more than double, canola near double
Reading Time: < 1 minute MarketsFarm — Most July deliveries of major grains in the country were higher than those from the same period a year ago, Statistics Canada reported Thursday. Total grain deliveries this past month tallied 4.056 million tonnes for a jump of 43.8 per cent over the previous July. All wheat came in at 2.186 million tonnes, […] Read more
July canola crush sets new records
Soybean crush down slightly from last July
Reading Time: < 1 minute MarketsFarm — Statistics Canada reported very sizeable increases in the July canola crush when compared to a year ago. In fact, the month’s crush was not only a record for July but also for any month. Meanwhile, StatCan found the July soybean crush was slightly lower than in July 2022. The federal agency pegged the […] Read more
ICE weekly outlook: Canola following soyoil’s lead
Stat Can's principal field crop estimates will be released on Aug. 29, may affect prices
Reading Time: 2 minutes MarketsFarm – The November canola contract rose above the C$800 per tonne mark for the first time in nearly a month during the week ended Aug. 23. However, it wasn’t without some turbulence over the last two days of trading. On Aug. 22, the November contract lost C$13.40 per tonne to close at $796.00, before […] Read more
AAFC cuts production numbers on drought
Wheat production figures reduced, corn up
Reading Time: 2 minutes MarketsFarm — Agriculture and Agri-Food Canada published its August outlook for principal field crops on Friday, with some notable changes. Production for several cereal, oilseed and pulse crop were reduced, leading to revisions in exports, domestic usage and ending stocks. The report pointed to drought in southern Alberta and western Saskatchewan for the downward move. […] Read more
ICE weekly outlook: Canola enters volatile harvest period
Outside veg oil markets limit the downside
Reading Time: < 1 minute MarketsFarm — The looming harvest may keep a lid on the upside in the ICE Futures canola market over the next month as participants wait to get a better handle on the size of this year’s crop. “We’re still at the mercy of trying to determine what size of crop we have,” said MarketsFarm Pro […] Read more
Fund long position holds steady in canola
Net long in CBOT soybeans down on week
Reading Time: < 1 minute MarketsFarm — The managed money long position in canola held relatively steady during the week ended Aug. 8, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Aug. 8, the net managed money long position in canola futures came in at 23,753 contracts (49,339 long, 25,856 […] Read more
A message from April Stewart, Country Guide's Associate Editor
