The first significant frost of the calendar year occurred across grain- and oilseed-producing regions of the Prairies overnight Tuesday, but damage to crops was only expected to be minimal. The exact amount of damage to any crop will be determined by the duration of the cold temperatures, whether fields were in low-lying areas, and the maturity […] Read more
More advanced Prairie crops seen escaping frost damage
Favourable weather promotes Alta. harvest: AARD
Favourable weather conditions have allowed farmers in Alberta to make significant harvest progress, according to a crop specialist with Albert’s Ag-Info Centre. Combining in southern regions of the province was estimated to be anywhere from 40 to just over 50 per cent complete, while in the central and northern areas swathing was underway, but very […] Read more
StatsCan report shows larger-than-expected canola stocks
The grain and oilseed stocks in all positions report released by Statistics Canada on Wednesday confirmed larger-than-expected supplies for canola and all wheat and suggests the agency underestimated the sizes of those crops during the 2010-11 season, industry sources said. Statistics Canada pegged Canadian canola stocks as of July 31, in the 2010-11 crop year […] Read more
Canola Futures Fend Off Weather-Related Bearishness
Reading Time: 3 minutes Canola futures on the ICE Futures Canada trading platform managed to recapture some upward price action during the week ended Aug. 19. Support stemmed from the rally in the Chicago Board of Trade (CBOT) soybean complex, with a drop-off in farmer sales of canola into the western Canadian cash market also providing a firm floor […] Read more
Canada’s canola crop record-sized, but smaller than expected
Canada’s canola output in the 2011-12 crop year will be record large, but the estimate released by Statistics Canada in its first crop production survey fell below what market participants had been anticipating. The government agency pegged Canada’s 2011-12 canola crop at a record 13.193 million tonnes, up from the 2010-11 level of 11.866 million. Pre-report […] Read more
Canola crop record, but smaller than expected
Canada’s canola output in the 2011/12 (Aug/Jul) crop year will be record large, but the estimate released by Statistics Canada in its first crop production survey fell below what market participants had been anticipating. The government agency pegged Canada’s 2011/12 canola crop at a record 13.193 million tonnes, which was up from the 2010/11 level […] Read more
Scarce precipitation seen during Prairie harvest
Producers looking to harvest their grain and oilseed crops in Western Canada can expect to see a drier than normal fall period, according to weather outlooks looking at the next couple of months. “There is a fair chance that some parts of the Canadian Prairies will receive normal rain events during the fall harvest period, […] Read more
Bearish Sentiments, Weather Drag On Canola
Reading Time: 3 minutes Canola futures on the ICE Futures Canada trading platform suffered a minor setback during the week ended Aug. 5 with the downtrend in the Chicago Board of Trade (CBOT) soybean complex and the liquidation of positions by speculators and commodity funds who were spooked by the uncertain global economic situation, behind the bearish price sentiment. […] Read more
Industry Skeptical On Canadian Barley Stocks Outlook
Reading Time: 3 minutes Canola futures on the ICE Futures Canada trading platform managed to claw back some advances during the week ended July 8. Talk of some fresh export demand coming forward for Canadian canola helped to see values rebound. Some concern about hot weather outlooks for the Prairies also encouraged some of the upward price momentum. Strength […] Read more
Canola area a surprise in StatsCan acreage report
The record-sized area planted to canola in the Statistics Canada acreage report released early Thursday caught more than just a few individuals in the trade by surprise. “Even with flooding and excessively wet conditions for planting it was perceivable that canola area could have easily topped the 20 million-acre level and came that much closer […] Read more
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