CNS Canada — A 16.8 per cent drop in the size of Canada’s barley crop has given feed barley prices some support, according to an industry-watcher in Alberta. “The market is looking fairly strong,” said Allan Pirness of Market Place Commodities in Lethbridge. “It’s made things a little firmer for new-crop feed grain.” Wet weather […] Read more
Feed barley market firms with weak production numbers
StatsCan’s model-based estimates confirm larger crops
CNS Canada — Canadian canola and wheat production likely ended up larger than earlier estimates, according to computer model-based data released Tuesday by Statistics Canada. The model-based estimates are calculated by incorporating satellite data, agro-climate data, and Statistics Canada’s field crop reporting data. The numbers compare with the survey of farmers released Aug. 31. Total […] Read more
Lower Prairie flax production, decent quality expected
CNS Canada — What’s really happening with this year’s flax crop is going to be revealed in the next few weeks as farmers get into their fields. Statistics Canada predicted in a production report, released Aug. 31, that both Saskatchewan’s and Canada’s flax production this year would be 13.7 per cent less than in 2016. […] Read more
Traders look to new crop following StatsCan stocks estimates
CNS Canada — Canadian canola stocks were relatively tight at the close of the 2016-17 crop year, which should be underpinning the market as the trade works to get a better handle on new-crop production. In a report released Wednesday, Statistics Canada pegged Canadian canola supplies as of July 31 at 1.35 million tonnes, compared […] Read more
ICE weekly outlook: Canola rises, post-report
CNS Canada — It was an eventful week for the ICE Futures Canada canola market as many in the trade were preparing for the release of Statistics Canada’s crop production report on Thursday. While the report is always taken lightly because it relies on month-old data, it still gives participants some sense of how the […] Read more
Year-ago Canadian canola crop revised higher
CNS Canada — Canada’s 2016 canola crop has been revised higher in Statistics Canada’s first production estimates for 2017, released Thursday. StatsCan raised the 2016-17 production number from 18.4 million tonnes to 19.6 million, and pegged the 2017 crop at 18.2 million tonnes, which was somewhere in the middle of trade estimates. “I think there’s […] Read more
StatsCan production survey timing likely to skew results
CNS Canada — Production of Canada’s major crops is generally expected to be down on the year after an adverse growing season in many areas. However, actual production may not end up as low as the estimates set to be released by Statistics Canada on Thursday, due to the timing of the survey. The survey […] Read more
Egg production on the rise
CNS Canada – Canadian egg production has risen 4.4 per cent in the past year, according to data released today by Statistics Canada. Canadian egg producers generated 64.5 million dozen eggs from May 2016 to May this year, said StatsCan. Placement of hatchery chicks on farms rose four percent to 65.5 million birds from June […] Read more
Hogs seen as key factor in input cost hikes
CNS Canada — Canada’s Farm Input Price Index has climbed slightly for the first quarter of this year. Canada-wide, the index rose 1.3 per cent for the first quarter of this year compared to the final quarter of 2016. When comparing this year’s first quarter to last year’s first quarter, however, input prices in the […] Read more
Trade looks to potential, not projections, post-StatsCan data
CNS Canada — The commodity trade has turned its focus forward following fresh data from Statistics Canada. “The acreage numbers are important, but this game right now is all about weather,” said Mike Jubinville of ProFarmer Canada, naming spring wheat as one crop the market had been closely watching. While estimates for all wheat seeded […] Read more
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