Reading Time: 3 minutes Canadian canola and pea ending stocks may end up considerably larger at the close of the 2025/26 marketing year than originally thought if recently-imposed Chinese tariffs remain in place through the marketing year, said Agriculture and Agri-Food Canada in its latest supply/demand estimates released March 21.
AAFC ups canola/pea ending stocks projections amid tariff woes
Geopolical risks and trade uncertainty may alter outlook
AAFC adjusts grain/oilseed balance sheets slightly
Canola carryout revised higher, wheat down
Reading Time: 2 minutes Updated estimates from Agriculture and Agri-Food Canada, released Feb. 19, included only minor revisions to the supply and demand projections for the country’s major crop.
AAFC lowers canola ending stocks estimate
Reading Time: 2 minutes Canadian canola ending stocks for the 2024-25 marketing year are forecast to be tighter than earlier expectations, according to updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released Oct. 21.
AAFC makes changes in July estimates
Reading Time: 2 minutes Agriculture and Agri-Food Canada (AAFC) made a handful of changes to its July balance sheet released on July 22, compared to the month before.
Less Canadian wheat, more canola on hand to end 2023: StatCan
Some had anticipated even larger on-farm canola stocks, given slower export pace
Reading Time: 2 minutes Canadian wheat stocks at the end of 2023 were considerably tighter compared to the previous year, with oats, corn and pulse crops also seeing supply reductions, according to the latest stocks report from Statistics Canada, released Feb. 8, 2024. However, canola, barley and soybean stocks as of Dec. 31, 2023, were higher compared to the previous year.
USDA’s WASDE report throws a few curveballs
Corn carryover up significantly
Reading Time: 2 minutes MarketsFarm — There were some surprises in the November world agricultural supply and demand estimates (WASDE) from the U.S. Department of Agriculture, released Thursday. USDA defied trade expectations when it came to 2023-24 ending stocks of U.S. corn, soybeans, and all wheat, with those being higher. As well, the department came in above what the […] Read more
Little change in AAFC’s October supply/demand outlook
Canola, wheat, pea carryout estimates unchanged
Reading Time: 2 minutes MarketsFarm — Supply/demand estimates for Canadian grains and oilseeds saw little change in the latest outlook for principal field crops from Agriculture and Agri-Food Canada (AAFC) released Monday. Canola ending stocks for 2023-24 were left unchanged at one million tonnes, which compares with the 2022-23 level of 1.506 million tonnes. Canadian canola exports in 2023-24 […] Read more
Cuts to corn output drag IGC’s overall estimates lower
Wheat production estimate up, soy down
Reading Time: < 1 minute MarketsFarm — Reductions to global corn production for 2023-24 resulted in the International Grains Council cutting some of its numbers in its monthly supply and demand report issued Thursday. The London-based IGC reduced its forecast for world corn output from its September call of approximately 1.222 billion tonnes, to 1.219 billion. Although total use in […] Read more
U.S. grains: Chicago soybeans surge after USDA projects smaller soy, corn crops
CBOT corn, wheat also higher
Reading Time: 2 minutes New York | Reuters — Chicago soybean and corn futures shot up on Thursday following a closely watched U.S. government report forecasting a smaller corn and soybean harvest than previously projected, and below an average of analysts’ estimates. The Chicago Board of Trade’s (CBOT) most-active soybean futures contract jumped about three per cent to settle […] Read more
CBOT weekly outlook: Markets react bullishly to USDA report
Corn, soy production estimates revised lower
Reading Time: 2 minutes MarketsFarm — Most of the October world agricultural supply/demand estimates (WASDE) released Thursday from the U.S. Department of Agriculture (USDA) came out lower than trade expectations, causing price jumps on the Chicago Board of Trade (CBOT). “Many people were not expecting a major (average) yield change,” Ryan Ettner, trader for Allendale Inc. in McHenry, Ill. […] Read more
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