The first planting survey report for 2012, to be released Tuesday (April 24) by Statistics Canada, is expected to show Canadian farmers intend on seeding record acres to canola. Now the questions: Exactly how high will the area be to canola? And will the report be an accurate reflection of seeding intentions? "There are already […] Read more
StatsCan’s canola estimate awaited
Pork exports set new 2011 record, 2012 seen down
Canadian exports of fresh, chilled and frozen pork established a new record during calendar year 2011, but are unlikely to match that level in 2012, according to an official in the industry. "Demand for Canadian pork products from China, South Korea and Russia were spectacularly strong in 2011 and helped to fuel the record level," […] Read more
Prairie precipitation spurs new-crop canola selling
Bearish U.S. corn futures under pressure on expectations of large acreage this spring
Reading Time: 3 minutes The divergence between old- and new-crop canola contracts traded on the ICE Futures Canada platform experienced a bit of a widening during the week ended April 13, as concerns about the record usage pace buoyed the nearby May and July futures. The deferred futures were undermined by an improvement in the soil moisture situation on […] Read moreICE daily canola open interest nears record levels
Canola open interest on the ICE Futures Canada trading platform is within striking distance of establishing an all-time new record high, based on data from the exchange. Daily open interest in all canola futures months totalled 211,501 contracts on Wednesday. While that was down from the April 2 level of 213,363 contracts, it was very […] Read more
Ont. winter wheat breaking dormancy early
Warmer-than-normal temperatures in Ontario are reported to have helped the winter wheat crop in the province break dormancy earlier than usual. "There is certainly some wheat green up with growth dependent on the region of the province," said Peter Johnson, a cereals specialist for the Ontario Ministry of Agriculture. However, while the crop has come […] Read more
Canola acreage seen approaching a record 20 million acres
Reading Time: 4 minutes Canola futures on the ICE Futures Canada trading platform were mixed during the week ended Jan. 20, with the nearby months seeing small gains while the deferred values were slightly weaker. A continued strong export lineup at Canada’s West Coast, along with strong domestic demand from the processing sector, helped to generate some of the […] Read more
StatsCan stocks report holds few surprises
The grain and oilseed stocks in all positions report released Friday by Statistics Canada held few surprises over, with the exception of the estimate for peas. However, there were a few questions raised by the industry regarding the accuracy of the numbers released by the government agency. The numbers confirmed that usage of the various […] Read more
ICE’s milling wheat contracts trade light on first day
New milling wheat, durum and barley contracts began trading on the ICE Futures Canada trading platform on Sunday at 7 p.m. CT, with only milling wheat actually experiencing any trade during its first day of activity. One October milling wheat contract traded at $257.20 per tonne, while two December contracts traded, one at $264 and […] Read more
AAFC boosts 2012 canola, barley acreage ideas
Revised, Jan. 18 — Agriculture and Agri-Food Canada expects farmers in Canada to increase the area seeded to canola this spring to an all-time record high, while also raising the amount of ground to be seeded to barley, according to its latest 2012-13 acreage projection outlook. The federal ag department’s market analysis branch cautioned, however, […] Read more
Ontario’s corn yields surprisingly large
Ontario’s grain corn crop was harvested in a timely fashion this fall with yields seen coming in at a surprisingly high level, despite a not-so-spectacular growing season. “With 50 per cent of the reported yield in to crop insurance at present, the current trend yield suggests that the crop yielded roughly 161 bushels an acre,” […] Read more
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