Winnipeg | Reuters — Canada’s wheat and canola crops withstood wintry weather that stalled the autumn harvest, and production topped last year’s output, according to Reuters’ industry survey of 13 analysts and traders. Statistics Canada on Tuesday will issue its final crop production estimates for the 2016-17 marketing year. The industry expects, on average, all-wheat […] Read more
Canadian wheat, canola crops seen weathering snow
Farm gate prices fall in August on meat, dairy
Ottawa | Reuters — Canadian producer prices unexpectedly fell in August as meat and dairy products saw the largest decrease in nearly nine years, while lower prices for energy and petroleum products also weighed, data from Statistics Canada showed on Friday. The 0.5 per cent decline in producer prices fell well short of analysts’ expectations […] Read more
Grain trade still wary of satellite-based StatsCan estimates
CNS Canada — Statistics Canada’s second attempt at using satellite imagery to determine the size of the country’s crops is in line with trade guesses when it comes to canola — but market participants are still taking the new methodology with a grain of salt. The model-based principal field crop estimates, released Tuesday, are calculated […] Read more
Mustard bids drop with demand, harvest progress
CNS Canada — Mustard spot prices are trending lower, with limited demand for the commodity as harvest progresses. Weather conditions may have curbed yield potential, to an extent, though production is still expected to be large, according to one market participant. Bids for mustard have dropped from the levels seen in July and August into […] Read more
Statistics data safe, official says, after agency head quits
Ottawa | Reuters — Statistics Canada data is safely stored and outsiders have no chance of accessing it, a senior official said on Monday after the chief statistician quit in protest over concerns about the agency’s independence. Canada’s Liberal government, which took power last November, is trying to resolve a number of major technological problems […] Read more
ICE weekly outlook: Export uncertainty dogs canola
CNS Canada — Canola futures don’t appear ready to climb drastically higher anytime soon as uncertainty over Chinese buying weighs on the market, according to a Winnipeg trader and analyst. The recent grain stocks report compiled by Statistics Canada has become a source of pressure for canola, said Ken Ball of PI Financial. StatsCan’s report […] Read more
Large old-crop canola stocks raise new-crop questions
CNS Canada — Canada grew a million more tonnes of canola in 2015-16 than originally reported, according to updated numbers from Statistics Canada, released Wednesday in connection with the Stocks of Principal Field Crops as of July 31 report. The unexpected revision to the old-crop production now has many industry participants questioning just how large […] Read more
Quality Canadian durum may be in short supply
CNS Canada — Quality issues with the Canadian durum crop currently being harvested should see the price spreads between top- and low-end grain widen considerably, especially as the carryout from the previous year is also poor quality. Canadian durum stocks, as of July 31, were pegged at 1.1 million tonnes by Statistics Canada in a […] Read more
ICE weekly outlook: Stocks add softer undertone to market
CNS Canada –– A stocks report from Statistics Canada has changed the dynamic of the canola market, one analyst says, though prices are not expected to plummet. Statistics Canada estimates canola stocks at 2.016 million tonnes as of July 31. The government agency also upwardly revised year-ago production numbers. “It causes a fairly significant shift […] Read more
Canada’s canola, wheat stocks shrink less than expected
Winnipeg/Ottawa | Reuters — Canadian canola and wheat stockpiles were sharply lower in midsummer from a year earlier, the smallest in three years, but bigger than expected, a Statistics Canada report showed on Wednesday. StatsCan pegged all-wheat stocks as of July 31 at 5.2 million tonnes, down 27 per cent from a year ago but […] Read more
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