CNS Canada — ICE Futures Canada canola contracts moved higher during the week ended Wednesday, despite a softer tone in the Chicago soy market, as tight old-crop supplies and chart-based buying supported the Canadian oilseed. Statistics Canada releases its updated acreage estimates on Thursday, and any surprises in the data could provide some nearby direction […] Read more
ICE weekly outlook: New-crop uncertainty supports canola
StatsCan wheat acres watched closely
CNS Canada — Persistent concerns over the state of the U.S. spring wheat crop should place more attention than normal on Canada’s wheat area when Statistics Canada releases updated acreage estimates on Thursday. Ahead of the report, trade estimates for all-wheat area range from 21.5 million to 23.2 million acres, which would compare with the […] Read more
Trade sees Canadian farmers trimming wheat, canola acres
Winnipeg | Reuters — Soggy spring conditions in key crop-growing areas of the Canadian Prairies left farmers unable to plant as much as they intended, but canola seedings still look record-large, according to a Reuters survey of 16 traders and analysts ahead of a government report next week. Wet weather made fields sloppy in Alberta’s […] Read more
Hourly employees in agriculture among lowest paid
CNS Canada –– Hourly-wage employees in agriculture and related production were among the lowest earners nationally, according to data from Statistics Canada. The agency on Thursday released data on wages paid to payroll employees in 2016. It reported the average hourly wage paid to full-time employees, excluding overtime pay, tips, incentives and performance pay arrangements, […] Read more
Stats from 2016 show uptick in net farm income
Statistics show slightly lower costs for fertilizer, fuel and cattle and calf purchases in 2016, against higher crop sales and program payments, led to a rise in realized net farm income last year. Statistics Canada on Wednesday released data showing Canadian producers’ realized net farm income — the difference between cash receipts and operating expenses, […] Read more
Lower North American durum acres keep attention on yields
CNS Canada — North America’s smaller durum acreage base in 2017 could give prices a boost later in the growing season, depending on how yields shape up for the new crop, according to a U.S. analyst. Disease issues in 2016 and better projected returns for other crops in 2017 are expected to lead to a […] Read more
Prairie oats at tipping point
CNS Canada –– Seeding delays in Western Canada could see more area shift into oats, which need a shorter growing season and minimal inputs compared to other options. However, with many fields still unharvested from last year, a tipping point will eventually be reached when nothing will be seeded at all in some areas. In […] Read more
Ag census logs more younger and female farm operators
While people age 55 and over still make up the fastest-growing segment of farmers in Canada, the latest Census of Agriculture shows slightly more producers under age 35 for the first time in five censuses. Statistics Canada’s 2016 Census of Agriculture, released Wednesday, counted 271,935 farm operators — that is, people who make management decisions […] Read more
ICE weekly outlook: Tight supplies keep canola supported
CNS Canada — ICE Futures Canada canola contracts were up and down during the week ended Wednesday, although the nearby bias could still be pointed higher, according to a market analyst. Statistics Canada is forecasting record canola seedings in 2017 of 22.4 million acres, but Wayne Palmer of Agri-Trend Marketing in Winnipeg said actual seeded […] Read more
StatsCan data confirm tight canola supplies
CNS Canada — Grain and oilseed stocks data released Friday from Statistics Canada were bullish for canola and wheat — though analysts suggest the effects of the report on the market may be short-lived. Figures for barley, lentils and peas were above year-ago levels, but movements in those markets are more likely be driven by […] Read more
Cyber-Savvy Farmer
