MarketsFarm — Spring wheat bids in Western Canada were mixed during the week ended Thursday, as the Minneapolis futures bounced around within a 15-cent per bushel range. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $3 to up by $2 per tonne, according to price quotes from a […] Read more
Prairie cash wheat: Bids mixed
MGEX, K.C. wheats down on week
Solid grain exports continue through Thunder Bay
June's handle includes record-large CP grain train
MarketsFarm — Grain shipments through the Port of Thunder Bay continue to run at a strong pace, with season-to-date volumes of 3.2 million tonnes, up 35 per cent from the five-year average, according to an update from the port. A total of 866,066 tonnes of grain were shipped through the port, located on the northern […] Read more
Attention turns to yield potential after StatsCan report
Future tweaks to acreage numbers seen as unlikely to sway markets
MarketsFarm — Updated acreage estimates from Statistics Canada came largely within market expectations, with the focus now shifting to growing conditions and yield potential. The survey was completed in early June “and may not have captured all of the seeding delays and potential shifts that may have happened in central/northern Alberta and northwestern Saskatchewan because […] Read more
StatsCan survey shows bump up in wheat acres, particularly durum
Farmers back off canola, soybeans; pandemic expected to cause other problems for ag
Ottawa | Reuters — Canadian farmers planted slightly more wheat overall in 2020 than in 2019, but the coronavirus outbreak will pose “unique challenges” in the production and distribution of crops, Statistics Canada said on Monday. Farmers planted 25 million acres of wheat, up 1.5 per cent from 2019, thanks in part to a 16.2 […] Read more
Prairie cash wheat: Most bids see gains on the week
MarketsFarm — Wheat bids in Western Canada were mostly higher for the week ended Thursday. Canada Western Red Spring (CWRS) wheat made the strongest gains, as Canada Prairie Spring Red (CPSR) was either side of steady. There were modest increases for Canada Western Amber Durum (CWAD). Support came from the Canadian dollar losing about two-10ths […] Read more
Prairie cash wheat: Prices dip due to stronger loonie
MarketsFarm — Wheat bids in Western Canada were down by varying degrees for the week ended Thursday. Canada Western Red Spring (CWRS) wheat was steady to lower, Canada Prairie Spring Red (CPSR) was down, and Canada Western Amber Durum (CWAD) slipped a few cents. Increased strength in the Canadian dollar weighed on values, while support […] Read more
Legalization lifts Canada’s net farm income in 2019
Livestock receipts up, unsmokeable crop receipts lower
A significant year-over-year increase Canada booked last year in realized net farm income rests mainly on 2019’s status as the country’s first full year in the recreational cannabis market. Statistics Canada on Tuesday released full-year data on farm income, pegging Canada’s realized net farm income for 2019 at $4.9 billion — a 10.4 per cent […] Read more
Prairie cash wheat: Bids weaken with seeding underway
MarketsFarm — Spring wheat bids in Western Canada lost ground during the week ended Thursday, with losses in U.S. futures and improving Prairie seeding weather weighing on values. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by 50 cents to $1 per tonne, according to price quotes from a […] Read more
Adjustments likely ahead for StatsCan’s early acreage estimates
Projections still in line with grain trade's expectations
MarketsFarm — The results of the first acreage estimates for 2020 from Statistics Canada come with an asterisk, as the COVID-19 pandemic halted data collection early. Canada’s actual seeded area is expected to see some shifts from the projections released Thursday. “As a result of the timing of the COVID-19 pandemic, these estimates were produced […] Read more
Trade estimates vary ahead of StatsCan’s acreage report
MarketsFarm — Opinions are wide-ranging on what Canadian farmers plan to plant in 2020, ahead of Statistics Canada’s first round of acreage estimates, due out Thursday. Prior to lockdown measures put in place due to the COVID-19 pandemic, StatsCan was scheduled to release its first principal field crops area report for 2020 on April 24. […] Read more
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