Reading Time: 2 minutes MarketsFarm — Any hopes of Canada exporting 9.3 million tonnes of canola during 2022-23 have now been dashed for two reasons. One reason is the latest Statistics Canada production report that cut canola production for the current marketing year. The other is the bumper canola crop Australia is now expected to have this year. StatCan’s […] Read more
ICE weekly outlook: Less canola to be exported
Crop expectations from Canada, Australia are factors
Pulse weekly outlook: Smaller-than-expected lentil crop may limit exports
Reading Time: 2 minutes MarketsFarm — Smaller-than-expected Canadian lentil production in 2022-23 could limit the country’s export potential going forward, according to an official with Pulse Canada reacting to the latest production estimates. The report from Statistics Canada (StatCan) released Friday contains the first survey-based production estimates of the 2022-23 marketing year, while previous ones used satellite imagery. Most […] Read more
StatCan data show smaller Canadian canola, durum production
Report also logs more barley, oats than previous estimates
Reading Time: 2 minutes MarketsFarm — Canadian farmers grew less canola and durum than originally thought in 2022, but more barley and oats, according to updated production estimates from Statistics Canada released Friday. “There were both bullish and bearish surprises,” MarketsFarm Pro analyst Mike Jubinville said. While canola production of 18.174 million tonnes was still up considerably from the […] Read more
Opinions divided ahead of StatCan production report
Agency's previous estimates model-based
Reading Time: 2 minutes MarketsFarm — Ahead of the crop production report from Statistics Canada (StatCan) due out Friday, trade expectations are above and below what the federal agency estimated in September. In August, and in September, StatCan issued production reports based on a satellite model and without any input from farmers filling out surveys. That has caused some […] Read more
Farm cash receipts on the rise, StatCan shows
Reading Time: < 1 minute MarketsFarm — Farm cash receipts improved 13.7 per cent during the first three quarters of 2022, Statistics Canada reported Monday. From January to September, those receipts reached $66.7 billion. That increase of more than $8 billion was due to higher receipts for crops, livestock and program payments. The report noted crop receipts rose 7.3 per […] Read more
Canadian grain deliveries during October mostly higher
Among grains, flax sees largest percentage decline
Reading Time: < 1 minute MarketsFarm — Deliveries of major grains in Canada during October witnessed several gains compared to a year ago, according to the latest report from Statistics Canada (StatCan) released Thursday. All grain deliveries for October 2022 exceeded 5.43 million tonnes for a 19.3 per cent increase from the previous October. During last month, total wheat deliveries […] Read more
AAFC report sees another series of tweaks
Reading Time: < 1 minute MarketsFarm — As expected, Agriculture and Agri-Food Canada (AAFC) avoided making any major revisions to its November supply and demand estimates, waiting until Statistics Canada issues its next production report on Dec. 2. AAFC released its latest monthly report late Friday afternoon. While AAFC tweaked its November supply and demand estimates from October, most of […] Read more
Canadian wheat, canola stocks projections revised higher
Reading Time: 2 minutes MarketsFarm — Canadian wheat and canola ending stocks for the 2022-23 crop year are forecast to end up above earlier projections, according to updated supply/demand estimates from Agriculture and Agri-Food Canada, released late Friday. The updated estimates account for recent production and old-crop carryout numbers from Statistics Canada. Total wheat ending stocks for 2022-23 are […] Read more
StatCan’s canola call in line with expectations
Agency also boosts wheat projection
Reading Time: 2 minutes MarketsFarm — While Statistics Canada (StatCan) cut its projection for canola production in 2022-23 by 400,000 tonnes, FarmLink Marketing Solutions senior analyst Neil Townsend said the number could go lower. StatCan on Wednesday issued its latest production estimates and lowered its call on canola from the 19.5 million tonnes forecast in its Aug. 29 report […] Read more
Pulse weekly outlook: Seasonal harvest pressure weighs on Prairie pea bids
Reading Time: < 1 minute MarketsFarm — Pea bids in Western Canada have come under some pressure over the past few weeks, as harvest of the crop nears completion. However, country movement remains light, as producers concentrate on bringing in their remaining grain and oilseed crops. “They want to get done harvest before they worry about (pricing),” said grain broker […] Read more
A message from April Stewart, Country Guide's Associate Editor
