Reading Time: < 1 minute MarketsFarm — Canadian wheat and canola production are both expected to come in above earlier expectations in updated supply/demand projections from Agriculture and Agri-Food Canada, released Thursday. However, while wheat stocks are also expected to rise, the canola carryout was revised lower due to expected increases in exports and domestic usage. The government agency raised […] Read more
AAFC raises wheat, canola production estimates
Ending stocks outlook mixed
Canada’s canola acres up from earlier forecast
Wheat acres up; barley, oats, corn revised lower
Reading Time: 2 minutes MarketsFarm –– Canadian farmers seeded more canola in 2021 than originally intended, with a number of other crops also seeing adjustments higher as dry weather through the planting season allowed for a fast seeding pace. In its June estimates of principal field crop areas, released Tuesday, Statistics Canada pegged total canola planted area at 22.5 […] Read more
Pandemic to delay StatsCan’s agriculture reports
Reading Time: < 1 minute MarketsFarm — Farmers, commodity traders and market analysts will have to wait a while for agriculture-related reports from Statistics Canada in 2020. The main reason for the delay is the COVID-19 pandemic, said John Seay, an analyst with StatsCan’s agriculture, energy, environment and transportation statistics branch in Ottawa. “Given the COVID-19 outbreak, senior management is […] Read more
StatsCan report puts canola production at lowest since 2015
Reading Time: 2 minutes MarketsFarm — Data from Statistics Canada’s production of principal field crops report, released Friday morning, will likely be supportive of canola values, put pressure on barley, and keep wheat prices steady. In the report, canola production across Canada decreased by 8.3 per cent nationally to 18.6 million tonnes, compared to 2018 production volumes. The decreased […] Read more
Trade’s crop estimates vary ahead of StatsCan report
Reading Time: 2 minutes MarketsFarm — Barley and canola production expectations vary ahead of Statistics Canada’s production of principal field crops report, due out Friday. In September, the federal agency estimated Canada’s barley production to total just less than 10 million tonnes, two million higher than the final count for the 2018-19 growing year. However, some trade estimates are […] 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 smaller canola crop
Reading Time: 2 minutes MarketsFarm — Statistics Canada’s first production estimates for the 2019-20 crop, released Wednesday, were generally in line with expectations, although upward revisions are likely in subsequent reports. The agency’s production of principal field crops report was “bang on with expectations across the board,” according to Ken Ball of PI Financial in Winnipeg. While both the […] Read more
StatsCan canola stocks numbers point to big carryout
Reading Time: 2 minutes As two analysts looked at Statistics Canada’s latest report on total stocks of principal field crops, they immediately zeroed in on canola. Statistics Canada’s report, released Tuesday, shows canola stocks as of Dec. 31, 2018 were at 14.553 million tonnes, up 4.9 per cent from year-earlier levels, “The numbers are sort of in line with […] Read more
Tighter StatsCan canola crop won’t affect market, analysts say
Reading Time: 2 minutes CNS Canada — Canada’s canola production has been revised lower in the latest data from Statistics Canada’s Production of Principal Field Crops report, issued Thursday. However, two observers agree the final numbers won’t have much effect on markets. “It’s not a report that’s going to allow canola to trade tremendously strong. It might trade a […] Read more
December StatsCan report could vary from years past
Reading Time: 2 minutes CNS Canada — After this fall’s long, drawn-out harvest, some analysts predict Statistics Canada’s final Production of Principal Field Crops numbers could vary from the usual pattern. StatsCan’s report, due out Thursday, is a “very uncertain” report “because that was probably one of the most bizarre falls we’ve ever had on the Prairies,” said Ken […] Read more
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