Agriculture and Agri-Food Canada expects farmers in Canada to increase the area seeded to all wheat and barley in the spring of 2013, as area seeded to canola and most other crops posts a small decline. The federal agriculture department’s Winnipeg-based market analysis group on Tuesday released its first look at planting decisions for the […] Read more
Wheat, barley acres seen up, canola down in 2013
Crushers continue to aggressively seek canola
Crush margins for processors in Western Canada have been continuing to grind slightly lower the past couple of weeks, but the effort to secure canola supplies from farmers by this sector continues to remain aggressive, according to industry participants. "Based on my calculations, crush margins for canola are currently in the $56 per tonne range, […] Read more
Prairie cash barley bids ease as demand wanes
Cash bids for farmers delivering feed barley in Western Canada have begun to ease as demand begins to wane, according to industry participants. Some of the decline in values is reflecting the fact that feedlot demand on the Prairies has begun to drop off, said Jerry Klassen, manager of GAP SA Grains and Produits in […] Read more
Extremely tight canola ending stocks expected
Canola supplies in Canada are expected to be extremely tight at the end of the 2012-13 season ending July 31, based on strong usage of the commodity by both the export and domestic sectors. The question remains, for many market participants: How tight will the supply situation get? Private trade estimates are currently pegging 2012-13 […] Read more
Crush margins for canola decline, processor demand strong
Crush margins for canola processors in Western Canada have been steadily declining, but demand from this sector for canola continues to remain strong, according to industry participants. "Crush margins, based on the way I calculate them, have dropped to around the $53 per tonne range, which is probably at the lowest level seen during 2012," […] Read more
Canada’s canola acreage seen down in 2013, production up
The amount of canola to be seeded in Canada in the spring of 2013 is expected to be down from the level seen in 2012, but assumed average yields and weather conditions are expected to translate into production easily surpassing the level achieved this season. Seeded area in the spring of 2013 was expected to […] Read more
StatsCan survey finds canola supplies remain tight
Canadian canola production in the 2012-13 crop year was smaller than most industry participants had been anticipating and will result in an "astoundingly" tight ending stocks situation, industry officials said in reaction to Statistics Canada’s production survey released Wednesday. Many thought the government agency would raise its canola production forecast from the October estimate, "but […] Read more
Jury out on StatsCan canola production estimate
The jury is still out on whether the last Canadian production survey of 2012 will reveal smaller or larger canola supplies than what the early October report did, based on feedback from the industry. The report, scheduled to be released by Statistics Canada on Wednesday, will finalize Canada’s 2012 grain and oilseed production. The main […] Read more
Ont. winter wheat crop seen off to good start
The area planted to winter wheat in Ontario was significantly higher in 2012 than in 2011, according to an official with the province’s agriculture ministry. "Favourable weather, and the early completion of the soybean and corn harvest in Ontario, allowed producers to get in the fields early," said Peter Johnson, the province’s cereal crop specialist […] Read more
Canola futures see downward price action
WILD CARD There’s lots of potential for markets to move either up or down based on what happens with weather, currency and seeded acres
Reading Time: 3 minutes Canola futures on the ICE Canada platform experienced some weakness during the week ended Nov. 9 with the bearishly construed USDA supply-demand balance tables for soybeans encouraging some of the downward price action. A larger-than-anticipated U.S. soyoil ending stocks estimate from the USDA added to the bearish sentiment in canola. The unloading of positions by […] Read moreCyber-Savvy Farmer
