Reading Time: 2 minutes CNS Canada — Wheat and canola production are expected to be higher than in previous estimates, but still lower than in 2014, according to a new Statistics Canada model for field crop production estimates. The model-based report, released Thursday, pegs this year’s spring wheat production at 18.4 million tonnes, higher than previously forecast in the […] Read more
StatsCan raises wheat, canola estimates with new model
ICE weekly outlook: Canola weak, but finding support
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts posted losses in most months during the week ended Wednesday, though the market uncovered some support to the downside and finds itself well off its nearby lows. The larger-than-expected old-crop stocks uncovered by Statistics Canada in its September 3 report remain a bearish influence overhanging the market. […] Read more
Is the renewed interest in oats, barley and flax just a blip?
Acreage may be up in barley, oats and flaxseed, but that doesn’t mean there’s a long-term resurgence of interest in those crops
Reading Time: 7 minutes The trend to lower acreages of barley, oats and flaxseed in recent years has largely reflected the increased profitability in alternative grains and oilseeds, and canola in particular. As Western Canada’s darling, canola production crested at nearly 18 million tonnes in 2013, and even more is being called for with the Canola Council of Canada’s […] Read more
Cattle herd still shrinking in StatsCan estimates
Reading Time: 2 minutes The size of Canada’s cattle herd is still in decline and almost a quarter smaller than its peak in 2005, Statistics Canada reports. The federal statistics agency on Thursday released estimates showing the herd at 13 million cattle on farms on July 1 this year, down 2.1 per cent from the same date in 2014. […] Read more
StatsCan production estimates ‘too low’ for canola, wheat
Reading Time: 2 minutes CNS Canada — Statistics Canada released its first survey-based production estimates for the 2015-16 crop year Friday morning, with canola and wheat figures coming in at the lower end of expectations. But the grain trade is shrugging off the report, as it believes final production numbers for most crops will be larger than what Statistics […] Read more
ICE weekly outlook: Further weakness in store for canola
Reading Time: 2 minutes CNS Canada –– The ICE Futures Canada canola market moved lower during the week ended Wednesday, breaking below the key support level of C$480 per tonne in the November contract. With the technical bias pointed lower, further weakness is expected to be in store for the commodity. “I think the ideas in the trade are […] Read more
Trade expects mostly smaller crops in StatsCan report
Reading Time: 3 minutes CNS Canada –– Statistics Canada will release its first survey-based Canadian crop production estimates for 2015-16 on Friday, and figures for most major crops are expected to be down compared to last year. Yields are likely to be all over the map as weather conditions varied vastly from region to region during the growing season. […] Read more
Short-term barley prices seen likely to downtrend
Reading Time: < 1 minute CNS Canada — Feed barley prices are moving slowly with hand-to-mouth buying as the crop moves into harvest, when already low prices will likely hit a downtrend. However, prices will likely recover into autumn, depending on how farmers choose to act, from where one market analyst sits. “If the farmers aren’t willing to sell at […] Read more
Rye prices seen high, but stable
Reading Time: 2 minutes CNS Canada –– Rye crops have been reacting to Saskatchewan’s heat and dryness by developing faster than they would normally be — but healthy crops elsewhere appear to be helping to keep global prices stable, at least for the time being. U.S. crops may stop rye prices from moving too turbulently, at least until Canada’s […] Read more
Mystery stocks keeping canary seed from rallying
Reading Time: 2 minutes CNS Canada — When the world needs canary seed, it calls on Saskatchewan, but whether the province will be able to answer this year remains a mystery. Canary seed grown in Saskatchewan accounts for about 70 to 80 per cent of the international trade in the grain used mostly as bird feed, according to Kevin […] Read more
A message from April Stewart, Country Guide's Associate Editor
