CNS Canada — Canola futures bounced around within a rather narrow range during the week ended Wednesday, but generally trended higher as the market recovered off of the four-month lows hit on June 19. Statistics Canada releases updated acreage estimates on Friday, and any surprises in the data could provide some nearby direction. The U.S. […] Read more
ICE weekly outlook: Market watching weather, acres, trade
Canadian canola area likely above earlier projection
CNS Canada — Canadian farmers likely seeded more canola in 2018 than initial expectations, but industry participants generally expect to see only minor adjustments when Statistics Canada releases its latest acreage estimates on Friday. “Our idea is that the canola seeded area number is higher than initially reported,” said Jon Driedger of FarmLink Marketing Solutions. […] Read more
Canola stocks comfortable, eyes on new crop
CNS Canada — Canadian canola stocks are rather large heading into the new growing season, but attention now is firmly on new-crop production. Statistics Canada on Friday pegged canola supplies in the country as of March 31 at 9.1 million tonnes, the second-largest on record for that time of year and about 1.1 million tonnes […] Read more
Manitoba soybean acreage predictions mixed
CNS Canada — While some in the soybean sector think Statistics Canada is right about its predictions for a decline in Manitoba acres, others think plantings should still end up close to the record in 2017. Statistics Canada is predicting soybean acres in Manitoba to drop to 1.96 million from 2.29 million, according to its […] Read more
ICE weekly outlook: Canola waits on stocks data
CNS Canada — ICE Futures Canada canola contracts continue to chop around within a fairly tight range, but that could all change in the next few days as stocks data for North American oilseeds are due to be released. The U.S. Department of Agriculture is set to release its May supply and demand report on […] Read more
Pulse weekly outlook: Sector hopes for more fababeans
CNS Canada — While Statistics Canada is predicting a drop in fababean acres this year, an agronomist with Saskatchewan Pulse Growers hopes that isn’t the case. “We had about 50,000 acres for the last three years here in Saskatchewan. And we’re thinking that we’ll be maybe slightly below that,” said SPG agronomy manager Sherrilyn Phelps. […] Read more
Feed weekly outlook: For barley acres, seeding delays will tell tale
CNS Canada — After a slight delay to the start of seeding in southern Alberta, producers are out in the fields and it doesn’t yet look like they have seeded more shorter-season acres, such as in feed barley. “Southern Alberta is a little bit later than normal (for starting seeding). But most areas, they’re kind […] Read more
ICE weekly outlook: Canola ‘stuck in neutral’
CNS Canada — ICE Futures Canada canola contracts are lacking any clear direction at the beginning of May, and may stay rangebound through the seeding period. “Canola is stuck in neutral,” said Wayne Palmer, senior market analyst with Agri-Trend Marketing. “We’re at that stage where it’s rangebound, waiting for news, and watching the weather across […] Read more
Pulse weekly outlook: Saskatchewan acreage ideas hold firm
CNS Canada — Disruptions in marketing to India may have cut into prices for peas and lentils over the past year, but farmers in Saskatchewan did not shift their pulse acreage intentions for 2018 all that much according to the results of Statistics Canada’s latest survey, released Friday. Saskatchewan farmers intend to seed 2.171 million […] Read more
Grain trade skeptical of StatsCan’s acreage outlook
CNS Canada — After predictions of record canola area and a drop in pulse acres, traders and analysts are doubtful of Statistics Canada’s predictions for smaller canola acres, much larger wheat acres and only minor reductions in pulse acres. “It’s unusual for everybody to just be this out of whack on this report,” said Ken […] Read more
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