Reading Time: 1 minute CNS Canada — Stocks of Canadian canola have increased substantially, according to the latest estimate from Statistics Canada. Total stocks of oats, lentils and peas also rose, but not by as much as canola. StatsCan on Monday pegged canola stocks, as of Dec. 31, 2017 at 14.15 million tonnes, up from the 2016 total of […] Read more
Canadian canola stocks jump
ICE weekly outlook: Sideways canola seeks spark
Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts remain stuck within a sideways trading range awaiting a spark that would push values one way or the other. “We could have had this conversation two months ago… canola is refusing to budge from a range,” analyst Mike Jubinville of ProFarmer Canada said of the lack of […] Read more
Canadians spent $5.7 billion on cannabis in 2017
Reading Time: < 1 minute Ottawa | Reuters — Canadians spent an estimated $5.7 billion on cannabis in 2017, Statistics Canada said on Thursday, with the country on track to legalize recreational use of the drug nationwide later this year. About 4.9 million Canadians between the ages of 15 to 64 purchased both medical and non-medical cannabis last year, the […] Read more
It’s been a good few years in the bin business
Crops have been getting larger, but the elevator system has gone in the other direction, forcing farmers to add more of their own storage
Reading Time: 5 minutes Prairie farmers can’t seem to get enough on-farm storage, and the trend is likely to continue but with ever-growing bin sizes. As farms grow, so too do their storage needs, says Lyle Muyres, vice-president, marketing for CORR Grain Systems Statistics Canada’s 2016 Census of Agriculture confirms operations are getting larger, with producers increasing their farm […] Read more
U.S. grains: StatsCan data help drag wheat to contract lows
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures slid to contract lows on Thursday, their fourth straight day of declines, on continued pressure from a Canadian report that showed harvest in that country was bigger than expected. The decline in wheat weighed on corn prices. Soybeans also fell, pressured by a round of […] Read more
ICE weekly outlook: Canola holds rangebound with bearish StatsCan data
Reading Time: 1 minute CNS Canada — Canola contracts on the ICE Futures Canada complex stayed mostly rangebound during the week ended Wednesday, even as sharp fluctuations in the Canadian dollar and a bearish Statistics Canada report impacted the market. StatsCan on Wednesday released its final production estimates of the year, projecting canola production in 2017-18 at 21.3 million […] Read more
U.S. grains: Wheat, soy slump on technicals, commodities selloff
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soy prices fell on Wednesday, pressured by technical selling amid a broad downturn across many commodities as the dollar climbed. Chicago Board of Trade soybean futures eased from an earlier roughly four-month high while wheat futures declined for the third straight session, nearing their contract lows set in […] Read more
Canola stocks look less tight in StatsCan report
Reading Time: 2 minutes CNS Canada — Canadian farmers grew a record amount of canola in 2017, despite weather concerns, according to updated production estimates on Wednesday from Statistics Canada. The agency pegged production in 2017-18 at 21.3 million tonnes, up from the September estimate of 19.7 million and last year’s total of 19.6 million. The rise in production […] Read more
Larger crops expected in StatsCan report
Reading Time: 2 minutes CNS Canada — Canada’s canola and wheat production likely ended up larger than earlier expectations, but just how much more remains to be seen, as industry participants await the Statistics Canada production report due out Wednesday. “The finish seemed to be better than what the weather looked like earlier in the year,” said Neil Townsend […] Read more
Trade expecting bigger canola, wheat numbers from StatsCan
Reading Time: 2 minutes Reuters — Canadian farmers harvested the biggest canola crop on record, slightly larger than was expected in September, a Reuters survey of 15 traders and analysts showed ahead of a key government report. Wheat production is also seen higher than earlier expectations, as favourable weather produced big yields. Statistics Canada will release its final crop […] Read more
A message from April Stewart, Country Guide's Associate Editor
