MarketsFarm — Canadian farmers planted more canola than earlier intentions, according to updated acreage estimates from Statistics Canada released Wednesday. Meanwhile, wheat plantings hit their highest level in more than two decades. Total canola plantings were estimated at 22.1 million acres by the government agency, which compares with the 21.6 million expected in April and […] Read more
Canadian canola, wheat area up on the year: StatCan
More soybean, corn acres also estimated
Oat miller to steer clear of lambda-cy
Grain Millers bans oats treated with insecticide product
The federal government’s decision to ban the use of lambda-cyhalothrin insecticides on any crops destined for feed use has now led at least one Canadian miller to prohibit any deliveries of oats treated with the chemical. Oregon-based processor Grain Millers, whose Canadian operations include its oat mill at Yorkton, Sask., said in a memo Tuesday […] Read more
Analysts expect little change in new StatCan numbers
Weather was 'pretty conducive to plantings'
MarketsFarm — Dry conditions in much of the Prairies this spring may leave seeding areas relatively unchanged ahead of Statistic Canada’s (StatCan) principal field crop report, due to be released Wednesday. It will be the second survey-based acreage report for the 2023-24 marketing year, after the first one was released in April. While growing conditions […] Read more
Feed weekly outlook: Rains lift interest, prices
Dry conditions in U.S. Corn Belt supportive
MarketsFarm — When Alberta was dry, feed prices drew little interest according to Susanne Leclerc of Market Master Ltd. in Edmonton. But that changed after some timely rains, with prices on the rise. “There’s more demand than we have seen in a while,” Leclerc said. “When crops were looking crappy and people were worried about […] Read more
Ukraine lifts barriers to exports of some farm goods
Export licenses were in place to maintain domestic supplies
Kyiv | Reuters — Ukraine has removed barriers to the export of some agricultural commodities, imposed last year to prevent food shortages, in a bid to boost foreign currency income, its government said on Tuesday. The country introduced export licences in 2022 to protect food supplies after agricultural production was hit by Russia’s invasion. While […] Read more
Latest StatCan stocks report ‘least important of them all’
Wheat, canola numbers not expected to have significant impact on markets
MarketsFarm — For MarketsFarm Pro analyst Mike Jubinville, there was little in the latest Statistics Canada (StatCan) grain stocks report that would budge the markets. “When I look at the run of StatCan reports that we get through the year, whether they’re acreage, production or ending stocks, this report in May is the least important […] Read more
Feed weekly outlook: Grain area to increase this year
Oats area expected to be reduced
MarketsFarm — Early signs point to increased Canadian feed grain production in 2023-24, with record corn acreage intentions and increases in both barley and wheat area on the year, according to the latest estimates from Statistics Canada. Planted corn area in the country is forecast at 3.725 million acres in 2023, which would be up […] Read more
Analysts expect additional acres for canola, wheat
StatCan estimates due out Wednesday
MarketsFarm — If traders and analysts are correct with their estimates, there will be slightly more wheat and canola acres seeded in Canada this year compared to 2022. Statistics Canada (StatCan) will release its first survey-based acreage estimates for the 2023-24 marketing year on April 26. Other than drier and cooler conditions in southern Manitoba, […] Read more
Feed weekly outlook: Barley demand, prices rise
Downside risk seen in June, July
MarketsFarm — After months of declining prices, one trader is now seeing a “pop” in the feed barley market. Evan Peterson of JGL Commodities at Saskatoon explained that logistics issues caused transportation delays for barley and resulted in feedlots ordering more than they needed last fall — but by the time spring came around, demand […] Read more
Cereal crops a big economic driver
Reading Time: < 1 minute A study conducted for Cereals Canada says wheat, barley, durum and oats pack a major economic punch. The study estimates that cereal production, and industries associated with it, collectively have an economic impact of $68.8 billion, and that more than 370,000 full-time- equivalent jobs are supported by the four crops. Wheat and barley are the […] Read more
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