MarketsFarm — Severe drought in Western Canada during the summer of 2021 has played a major part in reducing the stocks for Canada’s principal field crops at the end of the 2021-22 marketing year, according to Statistics Canada. Canada’s central data agency released a report Wednesday presenting total ending stocks for the country’s major crops […] Read more
Ending stocks tumble due to drought: StatCan
Canola stocks are below 'pipeline levels'
Larger U.S. barley crop expected in 2022
MarketsFarm — Barley production in the U.S. is forecast to be up substantially in 2022, with early indications pointing to the largest crop in seven years. In its latest production estimates, the U.S. Department of Agriculture forecast the country’s 2022 barley crop at 3.8 million tonnes, which would be up from the 2.6 million tonnes […] Read more
StatsCan reports sharp decline in field crop stocks
Stocks tighter than most traders had estimated
MarketsFarm — Statistics Canada’s report on the country’s principal field crop stocks, released Friday, reflects an ever-tightening supply brought on by last year’s drought. With the exception of corn and soybeans, all of the crops listed suffered a supply decline of at least 10 per cent compared to the year before, as of March 31. […] Read more
USDA attache predicts large 2022-23 grain crops for Canada
MarketsFarm — Canada is expected to see a 30 per cent increase in grain production in 2022-23, according to estimates from the U.S. Department of Agriculture’s Foreign Agricultural Service post in Ottawa. Expectations for improved yields for Prairie grain crops after the 2021-22 drought accounted for much of the projected increase, although USDA also cautioned […] Read more
Drought fears, fertilizer may affect Canadian acreage estimates
MarketsFarm — Traders and analysts awaiting Statistics Canada’s first survey-based acreage report for the 2022-23 crop year on Tuesday believe competition amongst crops — as well as their dependence on fertilizer, and the possibility of another drought this summer — will be determining factors. Canola stands as the best representation of traders’ concerns. Despite reaching […] Read more
AGT building oat milling plant in Saskatchewan
Regina pulse processor AGT Foods plans to bulk up its portfolio in the plant-based ingredients business with a new oat milling operation in central Saskatchewan. The company on Thursday announced it would start construction “immediately” on the new operation, to be housed in an expansion of its existing processing plant just east of Aberdeen, about […] Read more
Oat prices, acres to rise in 2022, analyst says
MarketsFarm — An independent crop market analyst told Saskatchewan oat growers he is bullish for the crop in 2022. Brennan Turner, founder and former CEO of online crop marketing platforms FarmLead and Combyne Ag, delivered a presentation at the Saskatchewan Oat Development Commission’s (SaskOats) annual general meeting in Saskatoon on Wednesday. Turner, a Foam Lake […] Read more
2021 was a bad crop year, but not 2002 bad
Reading Time: < 1 minute It was the worst year in a generation but production in Alberta was still considerably better than 2002. For example, spring wheat production this year fell to 5.71 million tonnes (according to the latest StatCan estimates). But that’s more than double the 2.59 million tonnes in 2002. On a per-seeded-acre basis, it was 35.9 bushels per […] Read more
Smaller crops likely in StatsCan survey-based report
MarketsFarm — Mindful of the summer drought conditions that seriously cut into crop production across the Prairies, average trade estimates call for downward revisions to Statistics Canada’s already-small forecasts for most crops when the it releases its first survey-based estimates of the marketing year on Friday. While prior reports, in September and August, were compiled […] Read more
U.S. grains: Wheat extends climb on tight U.S. supply
CBOT soy down; corn and oats up
Chicago | Reuters — U.S. wheat futures hit a six-week high on Friday, rallying for a second day in a row on smaller-than-expected stocks and production figures from the U.S. Department of Agriculture. Corn futures followed wheat higher while soybeans fell to multi-month lows after USDA on Thursday reported larger-than-expected U.S. soy inventories. Chicago Board […] Read more
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