CNS Canada — Canada’s canola production has been revised lower in the latest data from Statistics Canada’s Production of Principal Field Crops report, issued Thursday. However, two observers agree the final numbers won’t have much effect on markets. “It’s not a report that’s going to allow canola to trade tremendously strong. It might trade a […] Read more
Tighter StatsCan canola crop won’t affect market, analysts say
December StatsCan report could vary from years past
CNS Canada — After this fall’s long, drawn-out harvest, some analysts predict Statistics Canada’s final Production of Principal Field Crops numbers could vary from the usual pattern. StatsCan’s report, due out Thursday, is a “very uncertain” report “because that was probably one of the most bizarre falls we’ve ever had on the Prairies,” said Ken […] Read more
ICE weekly outlook: Canola corrects off lows, more losses possible
CNS Canada — ICE Futures canola contracts fell to their lowest levels in 15 months during the week ended Wednesday, but found some support to the downside as traders reacted to activity in the Canadian dollar and Chicago soyoil. “Canola seems to be getting some short covering after a long break (lower),” said Ken Ball […] Read more
Trends stand out in StatsCan crop data: report
CNS Canada — Second-guessing Statistics Canada’s crop information may be a time-honoured tradition across the Prairies, but there are trends in the data that stand out, according to a recent report from the government agency. Looking at data over the past decade, total seeded canola acres were revised higher in the June survey compared to […] Read more
Pulse weekly outlook: U.S. beans seen on rise for 2019
CNS Canada –– The acreage shift that played out between chickpeas and dry edible beans this year will shift again next year, Brian Clancey of marketing agency Stat Publishing predicts. Several factors lead him to that conclusion, he said. Canadian growers ship large numbers of beans and chickpeas to the U.S., and the production and […] Read more
ICE weekly outlook: Canola’s downward spiral to continue
CNS Canada — ICE Futures canola contracts will continue to drift downward for the foreseeable future, according to one analyst. “The demand isn’t here because the buyers know that the farmer is undersold and they have to sell it,” said Wayne Palmer, senior market analyst with Exceed Grain. The November canola contract dipped below the […] Read more
Canola, wheat crop size hiked in StatsCan’s view from space
CNS Canada — Statistics Canada raised its production estimates for most crops across Western Canada in its latest report released Wednesday. Unlike traditional StatsCan reports using information gathered from phone surveys, the model-based report was based in part on coarse-resolution satellite imagery collected during the month of August. The model-based report has only been in […] Read more
Mustard crops middling, should fare better than 2017’s
CNS Canada — Kevin Hursh expects he’ll soon hear some good news on his brown mustard crop. “It was probably my only crop that is going to make me a little bit of money,” he said. He’s still waiting to hear about grading based on the samples he shipped off to the lab, but he’s […] Read more
Wheat rally stalls at just the wrong time
Prices are off summer highs but a drop in global production sets the stage for another rally this winter
Reading Time: 3 minutes For much of this year’s hot, dry summer, Alberta wheat growers could look forward to higher prices to offset lower production. But now they can’t even count on that — at least not for the foreseeable future. “We have seen prices pulling back a little bit over the last few weeks,” FarmLink’s senior market analyst […] Read more
Smaller Manitoba soybean crop expected
CNS Canada — Like most crops grown this year, Manitoba’s soybean yields were also highly variable in 2018. While early reports point to smaller production overall, lower-than-average yields won’t translate to higher prices, given prospects for a large U.S. crop. Manitoba soybean yields are “anywhere from 20 to 50” bushels per acre, said Mark Jorgenson […] Read more
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