Reading Time: 2 minutes MarketsFarm –– The Canadian pulse harvest appears to be making a comeback after production struggled with a historic drought in Western Canada last year. Statistics Canada (StatCan) released its July satellite image-based principal field crop production estimates on Monday, projecting sharp increases in production for most of Canada’s crops, including pulses. Canada’s dry pea harvest […] Read more
Pulse weekly outlook: StatCan shows big jump in pea, lentil production
Canadian crop production bounces back, StatCan reports
Wheat at higher end of trade projections
Reading Time: 3 minutes MarketsFarm — After 2021’s historic drought on the Prairies caused crop production to fall to historic lows, the 2022 harvest has mostly bounced back to pre-drought levels, according to Statistics Canada. StatCan on Monday released its July 2022 satellite image-based principal field crop production estimates, which confirmed analysts’ expectations that this year’s crop production would […] Read more
Greater crop production estimated prior to StatCan report
Extended time lag between survey, data's release criticized
Reading Time: 3 minutes MarketsFarm — Analysts are expecting Canadian crop production totals for the 2022-23 marketing year to be substantially higher compared to drought-stricken 2021-22, but still not enough to fully replenish supplies. Statistics Canada (StatCan) will publish its first satellite image model-based yield and production estimates for principal field crops on Monday. Traders and analysts are interested […] Read more
ICE weekly outlook: Time gap too large in StatCan report
Canola's potential yields shrank in meantime
Reading Time: 2 minutes MarketsFarm — There has been about a one-month gap in between Statistics Canada having gathered its data for next week’s principal crops report and actually releasing the report. That’s something trader Ken Ball of PI Financial in Winnipeg finds irksome. “They’re using computer models of some kind. You would think they could get this out […] Read more
StatCan trims Canadian corn, soy acreage estimates
Grain corn acreage still expected up from 2021 level
Reading Time: < 1 minute New Statistics Canada projections show the country’s grain corn and soybean growers have slightly curbed their enthusiasm for those crops compared to their intentions earlier in the year. StatCan on Tuesday released the results of its 2022 June field crop survey, conducted between May 13 and June 12, projecting Canadian corn area at 3.633 million […] Read more
StatCan raises Canada’s canola plantings from earlier estimate
Farmers seen returning to 'steady Eddie' wheat
Reading Time: 2 minutes MarketsFarm –– Canadian canola plantings are projected to come in above earlier expectations but would still be well below what was seeded to the crop in 2021, according to updated acreage estimates from Statistics Canada released Tuesday. Meanwhile, wheat area in the country is forecast at its highest level in nearly a decade. After a […] Read more
Wet weather affecting acreage numbers: analysts
Reading Time: 3 minutes MarketsFarm – With some parts of Western Canada experiencing delayed seeding due to wet weather, many analysts believe the conditions have caused a ripple effect on acreage totals for the 2022-23 marketing year. Statistics Canada (StatCan) will release its second survey-based acreage report for the 2022-23 marketing year on July 5. Traders and analysts are […] Read more
StatCan releases satellite crop vegetation data
Reading Time: < 1 minute MarketsFarm — Statistics Canada’s crop condition assessment program (CCAP) on Thursday released its weekly normalized difference vegetation index (NDVI) values from April 11 to May 29 — telling the tale of weather extremes in the Prairie provinces. As of the fourth week of May, seeding was 95 per cent complete in Alberta, compared to the […] Read more
StatsCan reports sharp decline in field crop stocks
Stocks tighter than most traders had estimated
Reading Time: 2 minutes MarketsFarm — Statistics Canada’s report on the country’s principal field crop stocks, released Friday, reflects an ever-tightening supply brought on by last year’s drought. With the exception of corn and soybeans, all of the crops listed suffered a supply decline of at least 10 per cent compared to the year before, as of March 31. […] Read more
U.S. grains: Soybeans, corn slide on Midwest weather forecasts
Wheat tumbles after rally, poised for weekly gain
Reading Time: 2 minutes Chicago | Reuters — Chicago corn and soybean futures slid on Friday as rising interest rates and currency pressures weighed on U.S. exports and forecasts of warm, dry weather opened a window for Midwestern farmers to get their crop planted. Recent rainfall in South America could boost Brazil’s south-central corn crop, which on Friday was […] Read more
A message from April Stewart, Country Guide's Associate Editor
