Reading Time: 2 minutes Growers of grains, oilseeds and seed corn and maple syrup producers may be able to get in on the federal Seasonal Agricultural Worker Program (SAWP) for the 2021 season. Federal Employment Minister Carla Qualtrough announced Nov. 27 the national commodity list (NCL) would be expanded to include seed corn, oil seed, grains and maple syrup […] Read more
Grain, seed corn growers get access to seasonal worker program
Maple syrup also added to national commodity list
Grain, oilseed exports well ahead of year-ago
Chinese demand up substantially for Canada's crops
Reading Time: < 1 minute MarketsFarm — Canadian grain exports continue to run at a very solid pace, with canola, wheat and barley movement-to-date all up substantially on the year. Total exports of Canada’s major grains and oilseeds as of Nov. 29 came in at 18.9 million tonnes, according to Canadian Grain Commission (CGC) data. That’s up by nearly five […] Read more
October crush numbers up, canola record set
Reading Time: < 1 minute MarketsFarm — Canadian oilseed processors crushed a record amount of canola during October 2020, according to the latest data from Statistics Canada. Increases were reported throughout the canola and soybean crushes when comparing this October with October 2019. October 2020 saw 931,060 tonnes of canola crushed, which bested the previous record of 899,331 tonnes set […] Read more
Crop stocks forecasts mostly unchanged in AAFC supply/demand report
Corn carryout revised upward
Reading Time: < 1 minute MarketsFarm — Updated crop supply/demand tables from Agriculture and Agri-Food Canada, released Friday, included only minor changes from the previous month. Larger adjustments are expected after Statistics Canada releases its final production numbers for the year on Dec. 3. Canola and all-wheat ending stocks for the 2020-21 marketing year were both left unchanged at 2.25 […] Read more
ADM beats profit estimates but revenue disappoints
Reading Time: 2 minutes Reuters — Global grains trader Archer Daniels Midland beat Wall Street estimates for quarterly profits on Thursday, helped by strength in its grain milling and nutrition businesses. Still, revenue missed analysts’ expectations and net earnings attributable to the company were 44 per cent lower than a year earlier. Shares were down nearly three per cent […] Read more
Bunge lifts outlook as quarterly profit nearly doubles
Reading Time: 2 minutes Reuters — Agricultural commodities trader Bunge Ltd. raised its 2020 outlook after reporting a 91 per cent jump in adjusted third-quarter profit on Wednesday, as strong soy processing margins and robust demand for soy products boosted its core agribusiness segment. Bunge shares rose almost seven per cent to their highest level in more than a […] Read more
ICE weekly outlook: Canola’s top likely in for 2020
Reading Time: < 1 minute MarketsFarm — The shine has officially come off the ICE Futures canola market, with prices dropping well below their multi-year highs during the last week of October. The most active January contract hit an overnight low of $514 per tonne on Wednesday, but managed to settle at $535.60. That compares with the contract high of […] Read more
Canada’s wheat ending stocks projections raised
Reading Time: < 1 minute MarketsFarm — Canadian wheat ending stocks for the current 2020-21 marketing year are forecast to be larger than earlier expectations, according updated supply/demand estimates Thursday from Agriculture and Agri-Food Canada. All-wheat ending stocks for 2020-21 are now forecast at 6.3 million tonnes, which compares with the September estimate of 5.9 million. The total wheat carryout […] Read more
Grain, oilseed exports running ahead of average
Reading Time: < 1 minute MarketsFarm — Canadian grain and oilseed exports have left the country at a rapid pace during the first 10 weeks of the 2020-21 crop year, with canola, wheat,and barley movement-to-date all up substantially on the year. Total exports of Canada’s major grains and oilseeds as of Sunday came in at 9.57 million tonnes, according to […] Read more
ICE weekly outlook: ‘Demand-pull’ environment supports canola
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, moving back toward the contract highs hit in September. Canola is pushing upside chart limits and modest corrections are likely going forward, but the fundamentals remain supportive and “the trend is up until further notice,” said analyst Mike Jubinville of MarketsFarm Pro. […] Read more
A message from April Stewart, Country Guide's Associate Editor
