Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday, but remain stuck in a sideways trading range overall waiting for some fresh market-moving news. “April is usually the quietest month of the year for us,” said Ken Ball of PI Financial in Winnipeg. In addition to large world oilseed supplies overhanging […] Read more
ICE weekly outlook: Canola sideways, waiting for news
Monthly Canadian canola crush well below average
Reading Time: < 1 minute MarketsFarm — Canada’s monthly canola crush hit its lowest level in 1-1/2 years in February, according to the latest crushing data from Statistics Canada. The agency reported that 635,526 tonnes of canola were crushed in February 2019. That was down by nearly 200,000 tonnes from the January level and compares with the monthly average over […] Read more
Canary seed holds steady despite food adoption hopes
Reading Time: 2 minutes MarketsFarm — Expectations for canary seed to break beyond birdseed into the food market haven’t yet translated to substantially higher prices for the crop. Canary seed was designated safe for human consumption in 2016, after which Saskatchewan’s then-agriculture minister Lyle Stewart predicted acreage dedicated to the crop would increase as it was incorporated into more […] Read more
Pulse weekly outlook: Nothing new in India
Reading Time: 2 minutes Very little has changed for Canadian pulses in terms of exports to India, according to an analyst. Meanwhile, Canadian stocks of dry field peas and lentils are still relatively large, according to Statistics Canada. India in 2017 imposed import duties to protect its domestic pulse industry and is rumoured to be solidifying those duties, according […] Read more
StatsCan canola stocks numbers point to big carryout
Reading Time: 2 minutes As two analysts looked at Statistics Canada’s latest report on total stocks of principal field crops, they immediately zeroed in on canola. Statistics Canada’s report, released Tuesday, shows canola stocks as of Dec. 31, 2018 were at 14.553 million tonnes, up 4.9 per cent from year-earlier levels, “The numbers are sort of in line with […] Read more
Quebec rye production on the rise
Reading Time: 2 minutes CNS Canada — Rye production was up in Quebec in 2018, one reason being producers supplying hybrid rye for feed to the province’s hog industry. “Feed was coming from out west, but now we’re starting to produce the seed itself here,” said Andre Lussier, who farms near St. Hyacinthe, Que. and is a director with […] Read more
ICE weekly outlook: Firm canola has limited upside
Reading Time: < 1 minute CNS Canada — Canola futures on the ICE Futures platform moved higher during the week ended Thursday, as the market corrected off of the lows hit in late November. Gains in Chicago Board of Trade soybeans and a smaller 2018 Canadian canola crop contributed to the advances, although values may not have much more room […] Read more
Feed weekly outlook: Prairie market flat as holidays near
Reading Time: 2 minutes CNS Canada — The flat western Canadian feed grain market will continue for the forseeable future, but there could be slight changes around the holidays and into the New Year. “The market has been relatively flat for several weeks now and my guess is it will continue to be that way into the New Year. […] Read more
Tighter StatsCan canola crop won’t affect market, analysts say
Reading Time: 2 minutes CNS Canada — Canada’s canola production has been revised lower in the latest data from Statistics Canada’s Production of Principal Field Crops report, issued Thursday. However, two observers agree the final numbers won’t have much effect on markets. “It’s not a report that’s going to allow canola to trade tremendously strong. It might trade a […] Read more
December StatsCan report could vary from years past
Reading Time: 2 minutes CNS Canada — After this fall’s long, drawn-out harvest, some analysts predict Statistics Canada’s final Production of Principal Field Crops numbers could vary from the usual pattern. StatsCan’s report, due out Thursday, is a “very uncertain” report “because that was probably one of the most bizarre falls we’ve ever had on the Prairies,” said Ken […] Read more
A message from April Stewart, Country Guide's Associate Editor
