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Tag Archives Statistics Canada

ICE November 2019 canola with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Count on canola remaining rangebound

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Reading Time: < 1 minute MarketsFarm — Despite three reports to be released between now and Thursday next week, canola is very likely to remain rangebound along with other oilseeds, said David Derwin of PI Financial in Winnipeg. Statistics Canada on Friday will release its report for grain stocks as of July 31; then the federal agency issues its satellite-survey […] Read more
A barley crop south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)
Barley, Crops, Markets, Spring Wheat

Feed weekly outlook: New-crop expectations weigh on bids

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Reading Time: < 1 minute MarketsFarm — Feed grain bids in Western Canada have trended lower over the past month amid expectations for large barley production and concerns over possible downgrades to wheat quality. “We’ve definitely seen (barley prices) soften up quite a bit,” said grain broker Nelson Neumann of Agfinity at Stony Plain, Alta. New-crop feed barley is trading […] Read more
(Doug Wilson photo courtesy ARS/USDA)
Crops, Markets, Oats

Large oat production won’t move prices

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Reading Time: < 1 minute MarketsFarm — While the most recent crop production report from Statistics Canada predicted significantly more oats than originally expected, prices will likely remain stable. Statistics Canada estimated 3.952 million tonnes of oats will be grown in 2019, up considerably from the 3.436 million tonnes produced in 2018. But low carryover stocks from previous years means […] Read more
ICE November 2019 canola with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Rangebound canola looks for bounce

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Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday but remain rangebound overall, as market participants continued to await a clearer picture on the size of the 2019 crop. “The overall grain and oilseed complex still feels heavily weighted, but I’m hoping for at least a short-term bounce,” said Mike Jubinville […] Read more
(Dave Bedard photo)
Crops

StatsCan confirms smaller canola crop

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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
(Jennifer Blair photo)
Crops, Markets, Weather

Hemp yield uncertain ahead of harvest

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Reading Time: 2 minutes MarketsFarm — While Canada’s licensed hemp acreage nearly doubled from 2018 to 2019, yield estimates will remain uncertain until licensed producers report their crops to Health Canada after harvest. “Health Canada, for the first time, will be collecting information on hemp acres that were seeded, rather than hemp acres that were licensed,” said Ted Haney, […] Read more
ICE November 2019 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola trade’s eyes on StatsCan report

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Reading Time: < 1 minute MarketsFarm — Although Agriculture and Agri-Food Canada (AAFC) released its production forecast Wednesday, markets are focused on next week’s production report from Statistics Canada — a survey-based report which should provide a clearer picture of what’s to come. AAFC’s August report kept the canola production estimate at July’s 18.575 million tonnes. “Maybe we’ll see if […] Read more
(FIle photo by Allan Dawson)
Crops, Weather, Winter Wheat

Winter wheat harvest varies by province

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Reading Time: 2 minutes MarketsFarm — Depending where a farmer is located, Canada’s winter wheat crop has varied this year. Ontario has long been the country’s powerhouse for winter wheat. Statistics Canada projected the province’s farmers to seed just over one million acres this year, nearly 75 per cent of Canada’s total winter wheat acres. However, Marty Vermey, senior […] Read more
(Rahr.com)
Barley, Crops, Markets

Malt barley prices remain stable

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Reading Time: < 1 minute MarketsFarm — Malt barley prices have held steady throughout the 2019 growing season as global demand remains strong. Malt prices in 2018 were driven about 15 per cent higher due to a global shortage. According to Farmlink, drought conditions caused Australia to produce “one of the smallest barley crops in recent memory.” The crops were […] Read more

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