Reading Time: < 1 minute MarketsFarm — High global prices in the 2017-18 marketing year caused a global spike in chickpea production in 2018. It’s since taken a while for consumers to “chew through supplies,” which has put pressure on prices, according to Chuck Penner of LeftField Commodities. In a kabuli chickpea global outlook webinar hosted by the Global Pulse […] Read more
Pulse weekly outlook: Chickpea acreage expected lower
Feed weekly outlook: Spring rally unlikely
Reading Time: < 1 minute MarketsFarm — Feed grain bids in Western Canada have held relatively steady over the past month despite large moves in many outside markets. However, a number of factors may weigh on values heading into the spring. Feed barley is trading in the $4-$4.95 per bushel area in Alberta, according to Prairie Ag Hotwire data. Prices […] Read more
USDA adjusts world rapeseed stocks estimates
Canadian carryout pegged above AAFC's estimate
Reading Time: < 1 minute MarketsFarm — World rapeseed ending stocks are forecast to tighten slightly in 2019-20 compared to earlier projections, according to an update from the U.S. Department of Agriculture’s Foreign Agriculture Service. The Oilseeds: World Markets and Trade report pegged world rapeseed carryout for the current marketing year at 6.307 million tonnes, down from the February estimate […] Read more
IGC calls for more wheat despite lowering global forecast
Reading Time: < 1 minute MarketsFarm — At close to 1.03 billion tonnes, there’s going to be more wheat in the world in 2019-20 than in the previous marketing year, according to the latest outlook from the International Grains Council (IGC). The London-based organization released its report on Jan. 23, in which it revised its previous forecast — but with […] Read more
ICE weekly outlook: Canola values steady after losses
Weaker loonie supportive for canola
Reading Time: < 1 minute MarketsFarm — Canola prices started the week plagued by reports of the rapidly-spreading coronavirus in China, but managed to shake off some of that resistance. At midweek, nearby ICE Futures canola contracts were between $461 and $470, after falling by over $8 on Monday. Crush margins have maintained strength, which supported canola values. Crush margins […] Read more
ICE weekly outlook: Canola still pressured by soybeans, rangebound
Reading Time: < 1 minute MarketsFarm — The trench in which ICE Futures January canola now finds itself is expected to hold firm, according to Ken Ball of PI Financial in Winnipeg. “We’re developing a range for the January contract that might hold up for a while, around $455-$467 roughly,” he said. “We could kick up and down in that […] Read more
ICE weekly outlook: Steady canola market stuck in rut
Reading Time: < 1 minute MarketsFarm — ICE Futures canola held within a narrow range during the week ended Wednesday, as the market waits for fresh news to push it one way or the other. “There are certainly some supportive elements underneath the marketplace,” said Mike Jubinville of MarketsFarm Pro, pointing to an upward trend in world vegetable oil prices […] Read more
Corn exports expected down in AAFC’s October outlook
Reading Time: < 1 minute MarketsFarm — Agriculture and Agri-Food Canada (AAFC) on Friday issued its October outlook for principal field crops, with some revisions compared to the September report. One of the most notable numbers from AAFC was the drop in 2019-20 corn exports, which were estimated to be about 1.5 million tonnes, over 20 per cent less compared […] 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
Canola export forecast raised for 2019-20
Reading Time: < 1 minute MarketsFarm — Canadian canola exports in 2019-20 should beat earlier forecasts, according to updated supply/demand estimates from Agriculture and Agri-Food Canada released Friday. While the improved exports will cut into ending stocks, the carryout is still forecast to be record-large. Citing a seasonal weather market rally and expectations for an increase in prevent planting acres […] Read more
A message from April Stewart, Country Guide's Associate Editor
