Chicago | Reuters — Chicago Board of Trade December oats futures climbed their daily maximum of 25 cents per bushel on Wednesday, nearing a 7-1/2 hear high, after drought slashed supplies from top global supplier Canada at a time of robust demand for the grain, traders said. The December oats contract surged 25 cents to […] Read more
CBOT oats climb on supply woes
Prairie drought eats at availability
Tight supplies underpin oat bids with demand rationing expected
Corrected, Sept. 3 — MarketsFarm — Canadian oat prices should remain well supported over the next year given the smaller crop, but some demand will likely back away as buyers look for cheaper alternatives. While most of his customers were still taking delivery on existing contracts and not yet in the spot market, Ryan McKnight […] Read more
StatsCan confirms Canada’s crop production down in 2021
Corn expected to be lone exception
MarketsFarm — Production of most of Canada’s major grain, oilseed and pulse crops was down substantially in 2021-22, as drought conditions across the Prairies cut into yields, according to preliminary estimates released Monday by Statistics Canada. Of the major crops, only corn was expected to see a slight increase in production on the year as […] Read more
CBOT weekly outlook: Factors worth watching
Oats showing recent strength
MarketsFarm — Choppiness in Chicago Board of Trade (CBOT) soyoil, a potential increase in corn prices and an upcoming production report from Statistics Canada are factors on which grains analyst Terry Reilly suggests keeping an eye. Soyoil has been hit by early reports that the U.S. Environmental Protection Agency was going to recommend to the […] Read more
ICE weekly outlook: Major canola supply issues ahead
MarketsFarm – There’s a looming problem that’s on the verge of surfacing in the Canadian canola market – many growers will be unable to fulfill their contracts due to lower production. The drought across the Prairies dashed canola production estimates from the initially anticipated 20 million tonnes, to something that could be in the range […] Read more
Oat crop across Western Canada ‘not stellar’
MarketsFarm — As with most other crops on the Prairies, conditions are “not stellar” for oats, according to Shawna Mathieson, executive director for the Prairie Oat Growers Association. POGA directors from across the region who participated in a recent board meeting had a rather grim outlook on the coming harvest, she said. “Not a single […] Read more
Canada’s canola acres up from earlier forecast
Wheat acres up; barley, oats, corn revised lower
MarketsFarm –– Canadian farmers seeded more canola in 2021 than originally intended, with a number of other crops also seeing adjustments higher as dry weather through the planting season allowed for a fast seeding pace. In its June estimates of principal field crop areas, released Tuesday, Statistics Canada pegged total canola planted area at 22.5 […] Read more
Canola, wheat acres in opposite trends before StatsCan report
'Every commodity was offering options that were profitable'
MarketsFarm — Just days prior to Statistics Canada issuing its latest survey-based crop acreage report on Tuesday next week, analysts are estimating a rise in canola acres at the expense of wheat. “Coming through the winter and towards spring seeding, we were looking at canola prices that were at their highest levels of all time,” […] Read more
StatsCan’s projected canola area on low side of expectations
Wheat acres expected lower, barley up
MarketsFarm — As the market grapples with new planting projections from Statistics Canada, one thing was abundantly clear to MarketsFarm Pro analyst Mike Jubinville: this canola forecast isn’t enough to rectify tight ending stocks. In StatsCan’s survey-based principal field crop areas report, released Tuesday, the federal agency pegged canola acres for 2021-22 at 21.53 million, […] Read more
Feed weekly outlook: Prices to remain strong in spring
MarketsFarm — Higher prices for feed grains in Western Canada are expected to stay that way, according to a trader in Alberta. Erin Harakal, senior trader for Agfinity at Stony Plain, Alta., said factors such as increased demand overseas and depleted domestic stocks will continue to keep prices elevated for feed grains. While she doesn’t […] Read more
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