MarketsFarm — Canadian farmers will seed more canola in the upcoming 2021-22 crop year, but solid demand will still cause ending stocks to tighten, according to the first new-crop supply/demand projections from Agriculture and Agri-Food Canada (AAFC), released Monday. The department forecast seeded canola area in the spring of 2021 at 21.37 million acres, up […] Read more
Feds predict three per cent increase in canola acres
Stocks nevertheless expected to tighten
Crop stocks forecasts mostly unchanged in AAFC supply/demand report
Corn carryout revised upward
MarketsFarm — Updated crop supply/demand tables from Agriculture and Agri-Food Canada, released Friday, included only minor changes from the previous month. Larger adjustments are expected after Statistics Canada releases its final production numbers for the year on Dec. 3. Canola and all-wheat ending stocks for the 2020-21 marketing year were both left unchanged at 2.25 […] Read more
CBOT weekly outlook: Bullish USDA report sends soy, corn up sharply
MarketsFarm — Soybean and corn yields in the United States ended up much smaller than early expectations, according to updated supply and demand estimates released Tuesday by the U.S. Department of Agriculture. The resulting drop in production and ending stocks has sent futures rallying to new contract highs, with more gains likely. Average U.S. soybean […] Read more
IGC cuts record-large world grain production outlook slightly
MarketsFarm — World grain production for 2020-21 was revised slightly lower by the International Grains Council in its latest report Thursday, but the group is still anticipating record large supplies overall. Wheat and coarse grains are forecast to total 2.226 million tonnes, which would be down by one million tonnes from the September forecast but […] Read more
U.S. grains: Soybean futures hit 2018 highs as supplies tighten
USDA cuts domestic soy ending stocks; traders expect more demand from China
Chicago | Reuters — Chicago Board of Trade soybean futures surged to their highest prices since March 2018 after the U.S. Department of Agriculture on Friday said inventories will dwindle to a five-year low. Corn futures advanced to a one-year high, while wheat futures slumped in a setback from a five-year high reached on Thursday. […] Read more
CBOT weekly outlook: Watch for USDA’s corn, soy stocks numbers to decline
MarketsFarm — Expect ending stocks for U.S. corn and soybeans to be lower in the upcoming supply and demand report from the U.S. Department of Agriculture (USDA), said Scott Capinegro of Barrington Commodities at Barrington, Ill. USDA is scheduled to release its next world agriculture supply and demand estimates (WASDE) on Friday at 11 a.m. […] Read more
Little variation seen in global grain supply and demand data
MarketsFarm — Few significant changes appear in the latest monthly supply and demand report from the International Grains Council (IGC), which released its estimates Thursday. The IGC slightly nudged its estimate of total world grain production from its August estimate of 2.23 billion to September’s 2.227 billion tonnes. The September forecast is 2.1 per cent […] Read more
AAFC lowers wheat carryout estimate, raises canola
MarketsFarm — Updated supply and demand estimates from Agriculture and Agri-Food Canada call for tighter wheat carryout for the 2020-21 crop year than previous forecast — and more canola. Tursday’s report provides the first adjusted balance sheet estimates from the government agency that account for the latest production numbers from Statistics Canada released earlier in […] Read more
StatsCan stocks report shows lower lentils, durum, canola
Lentil supply picture 'extremely tight'
MarketsFarm — Statistics Canada’s stocks of principal field crops report detailed tight ending stocks for lentils durum and canola. As of July 31, lentil stocks totalled just 61,000 tonnes, down by 91.5 per cent from last year. Exports were up by over 30 per cent year-over-year, which accounted for some of the decrease. “It’s an […] Read more
Little change seen in June’s crop supply/demand tables
MarketsFarm — Supply/demand estimates for Canada’s major crops saw little change in updated tables released Tuesday from Agriculture and Agri-Food Canada. Acreage estimates from Statistics Canada are due out June 30, and should lead to more sizeable adjustments in subsequent reports. Canola ending stocks were left unchanged at 2.6 million tonnes for the current marketing […] Read more
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