CNS Canada – Exports of Canadian merchandise reached an all-time high of C$50.699 billion in June of this year with exports of farm, fishing and intermediate food products making up $C2.981 billion of that. Statistics Canada reported on Aug. 7 that farm, fishing and intermediate food product exports rose 7.6 per cent year over year, […] Read more
Canadian merchandise exports reach all-time high
Foreign control in Canadian ag sector still relatively low
CNS Canada – The percentage of foreign control, as a percentage of total assets, in the Canadian agriculture, forestry, fishing and hunting sector was 1.6 per cent in 2016, according to data recently released by Statistics Canada. While that’s up from 1.1 per cent in 2012, it compares with foreign control in all industries (excluding […] Read more
Pulse prices feel pressure from rising ending stocks
CNS Canada – Increasing pulse ending stocks are going to continue to play into pulse crop prices in Canada, according to the latest update from Farm Credit Canada’s (FCC) ag economics team. “We’re still expected to see ending stocks increasing. So as we continue to see that ending stocks increase, that stock-to-use-ratio that we’d see […] Read more
Canola crushing steady
CNS Canada — Canada’s domestic canola crushing remains steady year over year. Statistics Canada data show 742,573 tonnes of canola seed crushed in June this year, which marks a slight rise from 731,124 in June 2017 and 702,716 in the same month of 2016. Domestic crushers processed 765,216 tonnes of seed in May of this […] Read more
More and bigger bins setting storage records across Prairies
Grain bin sales continue to grow, but producers planning on buying may want to act soon in the wake of tariffs
Reading Time: 4 minutes Twenty-nine million tonnes is a lot of grains and oilseeds, but that’s how much Prairie producers were holding on their farms as of March 31, according to Statistics Canada. What’s even more remarkable is that it doesn’t even come as much of a surprise — that number is only a little higher than the five-year […] Read more
Pulse weekly outlook: Wider price spreads likely with big chickpea crop ahead
CNS Canada — Canadian farmers planted their largest chickpea crop in more than a decade in 2018, with the bigger crop likely to lead to a wider price spread between larger- and smaller-calibre supplies. Statistics Canada has placed chickpea acreage for 2018 at 468,900 acres, which would be well above the 160,000 acres planted in […] Read more
National job vacancy rate increases in ag sector
CNS Canada — The national job vacancy rate in the agriculture, forestry, fishing and hunting sector is increasing compared to the same period a year ago. Data for the first quarter of 2018, ending April 30, showed a vacancy rate of 6.9 per cent in the sector compared to 5.3 per cent in the first […] Read more
Firm, steady flax prices seen in the cards
CNS Canada — Farmers with flax in the ground should be pleased come autumn. Statistics Canada revised its seeded acreage estimate downward in late June and that, combined with lower carryout stocks and several other factors, should bring strong prices. “Given the demand in the market from China, the United States and potentially even the […] Read more
Canola prices vulnerable after StatsCan report
CNS Canada — The latest acreage report from Statistics Canada failed to surprise most investors in the market, but still could leave canola futures looking overpriced, according to a trader. “It certainly is a negative number,” said Ken Ball of PI Financial in Winnipeg, referring to the agency’s estimate for canola. StatsCan’s report on Friday […] Read more
StatsCan: Canola area narrows, wheat sowings expand
Reuters — Canadian farmers seeded less canola and more wheat compared with last year, but they shifted their plans from earlier this spring to sow more land with canola. Canola plantings reached 22.7 million acres, shy of last year’s 23 million, but exceeding the average trade guess of 22.4 million acres. In spring, Statscan estimated […] Read more
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