CNS Canada — A summer of dryness and sizzling heat has apparently taken its toll on canola plants in many areas of Western Canada, according to the latest crop production estimate from Statistics Canada. In a survey compiled in the latter days of July and released Friday, Statistics Canada pegged canola production for 2018-19 at […] Read more
StatsCan’s canola forecast deemed supportive
ICE weekly outlook: Canola set to chop around bottom end of long-term range
CNS Canada — Contracts on the ICE Futures canola market are bracing for turbulence in coming days as trade negotiations between Canada and the U.S. and a looming production report from Statistics Canada take centre stage. According to one analyst, these and other factors may play havoc with the Canadian dollar, which could send canola […] Read more
ProFarmer Canada joins Glacier FarmMedia
Glacier FarmMedia, Canada’s largest farm publisher and the operator of this website, has just boosted its long position in grain and oilseed market analysis. The Winnipeg company announced Tuesday it has acquired ProFarmer Canada, the marketing information service owned and operated by Mike Jubinville, whose analyses of Prairie crop commodity markets are well known to […] Read more
Crude oil and canola part company, for now
CNS Canada — The symbiotic relationship that crude oil and canola used to enjoy seems to have hit a snag. Chart structures have proven that crude prices have pushed and pulled canola up and down in recent years. However, since the start of 2018, the gains enjoyed by crude oil have failed to lift canola. […] Read more
StatsCan’s model-based estimates confirm larger crops
CNS Canada — Canadian canola and wheat production likely ended up larger than earlier estimates, according to computer model-based data released Tuesday by Statistics Canada. The model-based estimates are calculated by incorporating satellite data, agro-climate data, and Statistics Canada’s field crop reporting data. The numbers compare with the survey of farmers released Aug. 31. Total […] Read more
A rising tide: Canada leap frogs U.S. in wheat exports
It’s been decades since that last happened, but some predict our share of the global market will continue to rise
Reading Time: 4 minutes Canada is exporting more wheat than the U.S. for the first time in decades. After decades of playing second fiddle to its southern neighbour, the low Canadian dollar and other factors have this country’s exports edging ahead in what some industry observers consider a new trend. Last crop year, Canada exported 23.9 million tonnes of […] Read more
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