Reading Time: 2 minutes MarketsFarm — Updated model-based production estimates on Thursday from Statistics Canada expect larger yields for most of the major crops grown in the country — and while harvest operations are still ongoing, the actual crops may end up larger still. “All of the numbers are bigger, whether it’s durum, spring wheat, canola,” said analyst Mike […] Read more
Statistics Canada boosts crop production estimates
ICE weekly outlook: Canola breaks out of week-long funk
Reading Time: < 1 minute MarketsFarm — It’s unclear yet what effect Thursday’s satellite field crop estimates from Statistics Canada will have on markets. Canola broke out of a six-day funk Wednesday, trending just slightly higher for the first time since Wednesday last week. Technical biases remain to the downside, as prices hover around contract lows. “There are a lot […] Read more
Frost strikes in numerous spots in Manitoba
Reading Time: < 1 minute MarketsFarm — Numerous areas throughout the growing areas of Manitoba experienced frost, according to the province’s crop report for the week ended Monday. The coldest locations were Sprague in the eastern region, Narcisse in the Interlake and Lake Audy in the southwest, which experienced temperatures of -2 C on Sept. 8. Many other areas saw […] Read more
Big Ag wants a cut of booming fake-meat market
Reading Time: 4 minutes Winnipeg/Chicago | Reuters — Bunge, one the world’s biggest grain traders, recently disclosed the 1.6 per cent stake it had purchased in the fast-growing fake-meat startup Beyond Meat. The play looked smart after the stock surged more than 250 per cent since the faux burger and sausage maker’s initial public offering in May. Indeed, Beyond […] Read more
Clubroot able to beat resistant canola reaches Manitoba
Reading Time: 3 minutes A strain of clubroot able to club the roots of some resistant canola varieties has made its way east to Manitoba. Manitoba’s agriculture department reported Friday that clubroot pathotype 3A — a strain that can “overcome some first-generation sources of genetic resistance” in commercial canola — has been positively identified in the south-central rural municipality […] Read more
Canada takes first step at WTO to challenge China’s canola ban
Reading Time: 2 minutes Ottawa | Reuters — Canada, locked in a major dispute with Beijing, is taking the first formal step at the World Trade Organization to challenge China’s decision to block Canadian canola exports, Trade Minister Jim Carr said Friday. China, angry at Canada’s detention of a top Huawei Technologies executive last year on a U.S. arrest […] Read more
StatsCan confirms record-large canola ending stocks
Reading Time: 2 minutes MarketsFarm — Canadian canola ending stocks hit a new record for the 2018-19 crop year, according to updated data Statistics Canada released Friday. Canadian canola stocks as of July 31 came in at 3.9 million tonnes, up by 55 per cent on the year and about 800,000 tonnes above the previous record set in July […] Read more
Fund traders add to net short positions in canola, corn
Reading Time: < 1 minute MarketsFarm — Fund traders added to their large net short position in canola during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in canola came in Tuesday at 65,750, an increase of 3,600 contracts from the […] Read more
Industry groups hail appointment of new China envoy
Reading Time: 2 minutes Ottawa | Reuters — Canada has appointed veteran business consultant Dominic Barton as ambassador to China, Prime Minister Justin Trudeau said on Wednesday, as the government grapples with a major diplomatic and trade dispute between the nations. Barton, 56, a Ugandan-born Canadian who stepped down as global managing partner of consulting firm McKinsey and Co. […] Read more
ICE weekly outlook: Count on canola remaining rangebound
Reading Time: < 1 minute MarketsFarm — Despite three reports to be released between now and Thursday next week, canola is very likely to remain rangebound along with other oilseeds, said David Derwin of PI Financial in Winnipeg. Statistics Canada on Friday will release its report for grain stocks as of July 31; then the federal agency issues its satellite-survey […] Read more
A message from April Stewart, Country Guide's Associate Editor
