MarketsFarm — Statistics Canada on Tuesday reported Canada’s second largest August canola crush on record. The 829,490 tonnes of the oilseed processed last month is only bested by the 830,335 tonnes in August 2020. The July 2023 canola crush set a new all-time record of 961,683 tonnes. Last month’s canola crush was 31 per cent […] Read more
Canola crush shows solid start in new crop year
Soybeans see lowest August crush ever
Flax production lowest since 1967, StatCan predicts
Returns on effort invested 'not attractive right now'
MarketsFarm — After going into its least acres seeded since 1950, the 2023-24 Canadian flax crop is projected to be at its smallest in decades. Statistics Canada (StatCan) reported in its principal field crop estimates on Thursday that 267,900 tonnes of flaxseed are expected to be produced in this year’s harvest. The total not only […] Read more
Few surprises in StatCan report, analyst says
Downward revision on canola among those few
MarketsFarm PRO analyst Mike Jubinville said Statistics Canada’s principal field crop production report, released Thursday, did not contain too many surprises. The agency’s previous report on Aug. 29 already provided insight as to what production numbers were going to be, he said, but still warned the model-based projections in the latest report will not be […] Read more
Canada bumps up wheat harvest view, trims canola estimate
StatCan releases yield outlook as of Aug. 31
Winnipeg | Reuters — Canadian farmers will harvest slightly more wheat and a bit less canola than expected earlier in summer, but dry conditions will keep both crops small, a government report showed on Thursday. Farms in North and South America, Europe and Australia are facing crop losses as extreme weather spreads over an unusually […] Read more
ICE weekly outlook: Harvest pressure to weigh on canola
StatCan report not expected to cause much stir
MarketsFarm — The ICE Futures canola market posted gains for the first time in more than a week on Wednesday, but damage was done from a chart standpoint with mounting harvest pressure amid relatively favourable Prairie weather conditions likely to weigh on values over the next few weeks. “It’s that time of year,” said Jamie […] Read more
Numerous revisions to USDA’s data on Canadian canola
Outlooks raised for ending stocks, cut for domestic use
MarketsFarm — Canola production numbers for Canada as estimated by the U.S. Department of Agriculture underwent several changes for the 2022-23 and 2023-24 crop years. The data for Canada was among the estimates USDA’s Foreign Agricultural Service (FAS) put in its monthly report, Oilseeds: World Market and Trade. The FAS dropped its production estimates on […] Read more
StatCan expected to raise estimate for oats production
Ending stocks estimate 'probably fairly accurate'
MarketsFarm — Ahead of the model-based Statistics Canada production report due out on Thursday, Scott Shiels of Grain Millers Canada in Yorkton, Sask. said it’s likely the agency’s numbers for oats will increase. StatCan issued its first model-based production report for 2023-24 on Aug. 29, which placed the country’s oats at about 2.429 million tonnes. […] Read more
Canada’s canola carryout up on year, wheat down slightly
Barley, oats, peas also up on year
MarketsFarm — Canadian canola ending stocks edged higher in 2022-23, while wheat carryout was slightly lower, according to the latest stocks data from Statistics Canada, released Friday. Barley, oats and peas also saw increases on the year, while lentil supplies tightened. Total wheat stocks as of July 31, at 3.58 million tonnes were down by […] Read more
ICE weekly outlook: Little downside for canola, trader says
'I wouldn’t look for a big collapse'
MarketsFarm — After trading rangebound during the week before the Labour Day long weekend, canola started the month of September by taking a tumble. The November canola contract stayed between $800-$821 per tonne from Aug. 24 to Sept. 1, with closing prices between $809-$812/tonne. When ICE Futures resumed trading Tuesday, the price dropped $13.90, to […] Read more
Increases seen in most July grain deliveries
Oats deliveries more than double, canola near double
MarketsFarm — Most July deliveries of major grains in the country were higher than those from the same period a year ago, Statistics Canada reported Thursday. Total grain deliveries this past month tallied 4.056 million tonnes for a jump of 43.8 per cent over the previous July. All wheat came in at 2.186 million tonnes, […] Read more
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