Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts made steady gains during the week ended Wednesday, as traders positioned themselves ahead of Thursday’s release of the U.S. Department of Agriculture’s next supply and demand report. “We’ve had a bit of a run over the past week and a bit; we popped off some oversold levels,” […] Read more
ICE weekly outlook: Canola holds firm before USDA report
StatsCan canola stocks in line with expectations
Reading Time: 2 minutes CNS Canada –– Canadian canola stocks may be tighter than a year ago and wheat stocks larger — but the updated numbers from Statistics Canada may also need more asterisks than normal. StatsCan, in a report released Friday, pegged Canadian canola supplies as of Dec. 31 at 12.159 million tonnes, down from 13.452 million at […] Read more
Large old-crop canola stocks raise new-crop questions
Reading Time: 2 minutes CNS Canada — Canada grew a million more tonnes of canola in 2015-16 than originally reported, according to updated numbers from Statistics Canada, released Wednesday in connection with the Stocks of Principal Field Crops as of July 31 report. The unexpected revision to the old-crop production now has many industry participants questioning just how large […] Read more
ICE weekly outlook: Stocks add softer undertone to market
Reading Time: < 1 minute CNS Canada –– A stocks report from Statistics Canada has changed the dynamic of the canola market, one analyst says, though prices are not expected to plummet. Statistics Canada estimates canola stocks at 2.016 million tonnes as of July 31. The government agency also upwardly revised year-ago production numbers. “It causes a fairly significant shift […] Read more
Canada’s canola, wheat stocks shrink less than expected
Reading Time: 2 minutes Winnipeg/Ottawa | Reuters — Canadian canola and wheat stockpiles were sharply lower in midsummer from a year earlier, the smallest in three years, but bigger than expected, a Statistics Canada report showed on Wednesday. StatsCan pegged all-wheat stocks as of July 31 at 5.2 million tonnes, down 27 per cent from a year ago but […] Read more
StatsCan report confirms tightening canola, wheat supplies
Reading Time: 2 minutes CNS Canada — Canadian canola and wheat supplies are much tighter heading into the final months of the 2015-16 crop year than they were at the same point a year ago, according to Statistics Canada’s latest stocks report. StatsCan pegged the country’s canola stocks, as of March 31, at 7.49 million tonnes in its report […] Read more
StatsCan grain stocks data to confirm feed demand, production
Reading Time: 2 minutes CNS Canada — Just how much barley did Canadian cattle eat over the past winter? Will there be any old-crop wheat left over this year? And how much canola was really grown in 2015? Answers to these questions and more will be closer to being found when Statistics Canada releases its latest stocks data on […] Read more
StatsCan stocks numbers confirm rapid export pace
Reading Time: 2 minutes CNS Canada — Canada’s grain and oilseed exports appear to be in fine form, based on the latest stocks figures on Thursday morning from Statistics Canada. Stocks of wheat, canola and oats are all down compared to last year’s. In wheat’s case, there were roughly five million fewer tonnes in farmers’ bins at the end […] Read more
StatsCan stocks report to add piece to supply/demand puzzle
Reading Time: 3 minutes CNS Canada — The supply/demand balance sheets for Canada’s wheat, barley and canola crops will likely see some adjustments after Statistics Canada’s stocks report is released Thursday. The report on grain and oilseed stocks as of Dec. 31, 2015 will provide a better indication of feed usage to date, while also helping confirm the official […] Read more
ICE weekly outlook: Canola weak, but finding support
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts posted losses in most months during the week ended Wednesday, though the market uncovered some support to the downside and finds itself well off its nearby lows. The larger-than-expected old-crop stocks uncovered by Statistics Canada in its September 3 report remain a bearish influence overhanging the market. […] Read more
A message from April Stewart, Country Guide's Associate Editor
