Reading Time: < 1 minute Canadian farmers will harvest more wheat and canola than was expected several months ago, as crops rallied from dry conditions that threatened yields, a government report showed on Monday.
Canadian wheat, canola harvests expand, rebound from dry conditions
Global wheat ending stocks have fallen four years in a row on tough weather conditions
Higher canola, wheat production expected in StatCan report
Traders raise concerns about report accuracy
Reading Time: 3 minutes MarketsFarm — There was a consensus among several traders and analysts that Statistics Canada will very likely raise its estimates on canola and wheat production for 2023-24. Yields on the Prairies were better than expected following a difficult first half of the growing period, as the weather improved during the second half. StatCan is set […] Read more
ICE weekly outlook: Canola prices could rebound
'There's nothing all that exciting to look at'
Reading Time: 2 minutes MarketsFarm — Winnipeg-based trader Ken Ball from PI Financial is cautiously optimistic that canola prices can rebound in the short term. The January canola contract closed at $702.30 per tonne on Wednesday a weekly loss of $7.40. The contract fell below the $700 level on U.S. Thanksgiving on Nov. 23, a day with little volume. […] Read more
Feed weekly outlook: U.S. corn moving into Canadian feedlots
Canada's feed grain exports down on year
Reading Time: < 1 minute MarketsFarm — The steady flow of corn from the United States into Canadian feedlots should keep prices for domestic feed grains under pressure for the foreseeable future. Canada imported 91,100 tonnes of corn from the U.S. during the week ended Nov. 2, taking the marketing-year-to-date total to 221,700 tonnes, according to the latest U.S. Department […] Read more
Pulse weekly outlook: Pea exports solid so far, lentils down on year
Reading Time: 2 minutes MarketsFarm — Canadian pea exports are running at a solid pace through the first two months of the 2023-24 marketing year, despite smaller production, as exports of newly-harvested supplies in September nearly quadrupled what moved the previous month. Canada exported 440,085 tonnes of peas in September, up from only 99,645 tonnes the previous month, according […] Read more
Canada books stronger August deliveries of most major grains
Wheat, canola up; barley, durum down
Reading Time: < 1 minute MarketsFarm — Deliveries of most major grains in Canada were higher in August than a year ago, according to Statistics Canada. The federal agency issued its monthly deliveries report on Tuesday, showing total deliveries last month came to 5.103 million tonnes, up nearly 15 per cent from the previous August. Wheat deliveries (excluding durum) tallied […] Read more
Canola crush shows solid start in new crop year
Soybeans see lowest August crush ever
Reading Time: < 1 minute MarketsFarm — Statistics Canada on Tuesday reported Canada’s second largest August canola crush on record. The 829,490 tonnes of the oilseed processed last month is only bested by the 830,335 tonnes in August 2020. The July 2023 canola crush set a new all-time record of 961,683 tonnes. Last month’s canola crush was 31 per cent […] Read more
Flax production lowest since 1967, StatCan predicts
Returns on effort invested 'not attractive right now'
Reading Time: 2 minutes MarketsFarm — After going into its least acres seeded since 1950, the 2023-24 Canadian flax crop is projected to be at its smallest in decades. Statistics Canada (StatCan) reported in its principal field crop estimates on Thursday that 267,900 tonnes of flaxseed are expected to be produced in this year’s harvest. The total not only […] Read more
Few surprises in StatCan report, analyst says
Downward revision on canola among those few
Reading Time: 2 minutes MarketsFarm PRO analyst Mike Jubinville said Statistics Canada’s principal field crop production report, released Thursday, did not contain too many surprises. The agency’s previous report on Aug. 29 already provided insight as to what production numbers were going to be, he said, but still warned the model-based projections in the latest report will not be […] Read more
Canada bumps up wheat harvest view, trims canola estimate
StatCan releases yield outlook as of Aug. 31
Reading Time: 2 minutes Winnipeg | Reuters — Canadian farmers will harvest slightly more wheat and a bit less canola than expected earlier in summer, but dry conditions will keep both crops small, a government report showed on Thursday. Farms in North and South America, Europe and Australia are facing crop losses as extreme weather spreads over an unusually […] Read more
A message from April Stewart, Country Guide's Associate Editor
