CNS Canada — A surprisingly large increase for oats acres in Statistics Canada’s planting intentions report on Thursday led to a quick drop in prices. However, actual area will likely come in below the early expectations, as declining prices should cause some acres to shift elsewhere. Oats plantings were pegged at 3.6 million acres by […] Read more
Big oats intentions surprise market
Canola down, wheat up in StatsCan’s first acreage estimates
CNS Canada –– Canadian farmers intend to seed a bit more wheat and a bit less canola this spring compared to a year ago, according to the first survey estimates from Statistics Canada. However, adjustments are likely in subsequent reports, while weather over the growing season will become more important in determining actual production. “There’s […] Read more
ICE weekly outlook: Canola rangebound, watching acreage
CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, but finished the week well off of their nearby lows as some support was uncovered to the downside. Barring a surprise in Statistics Canada’s planting intentions report, due out Thursday, canola futures are looking rangebound for the time being. Fund […] Read more
Opinions mixed ahead of StatsCan acreage report
CNS Canada –– An early spring and relatively dry fields across much of Western Canada should allow farmers to increase total seeded acreage in 2015, but most analysts only expect minor adjustments on a crop-by-crop basis when Statistics Canada releases its planting intentions report. “StatsCan acreage numbers are always a bit unpredictable… but nobody is […] Read more
Feed barley likely topping out for now in Alta.
CNS Canada — Feed barley prices have shown some strength over the past month in Alberta, but are likely topping out for now as attention starts to turn to the new crop. Feed barley is now trading at about $217 per tonne for April/May delivery in the key Lethbridge, Alta. feeding area, according to feed […] Read more
Cattle chew through less grain in 2014-15, so far
CNS Canada — Mild weather, fewer cattle and a growing list of alternative grains led Canadian cattle to chew through less feed in the first five months of the 2014-15 crop year. According to Tuesday’s grain stocks report from Statistics Canada, feed barley usage was at 2.67 million tonnes as of Dec. 31, down from […] Read more
U.S. grains: Soybeans slip as dollar firms, crude oil falls
Chicago | Reuters — U.S. soybean futures fell 1.5 per cent on Wednesday, retreating from a three-week high notched Tuesday as the dollar rose, traders said. Outlooks for the driest areas of Brazil’s crop region calling for rain this week and the falling crude oil market also hurt soy prices. “Today, cooler heads prevailed and […] Read more
Canada’s large canola stocks top expectations
CNS Canada — Releasing its Canadian year-end stocks estimates, Statistics Canada painted a picture Tuesday that’s mostly bearish for canola. StatsCan’s figure for canola stocks as of Dec. 31, at 11.103 million tonnes, was at the high end of expectations, surpassing what some market watchers anticipated. “I’m not sure if that means that StatsCan’s production number […] Read more
StatsCan canola stocks expected to drop from year-ago mark
CNS Canada –– With Statistics Canada releasing its estimates Wednesday for crop stocks as of Dec. 31, canola supplies are generally expected to fall compared to year-ago levels. The lower stocks estimates are mainly linked to smaller production in 2014-15, compared to the record large crop grown in 2013-14, analysts say. “Stocks were pretty high […] Read more
U.S. grains: Markets sag under pressure from hefty global supplies
Chicago | Reuters — U.S. wheat futures dropped to a four-month low on Monday while corn and soybeans hovered near multi-month lows as large crop inventories kept a lid on prices. Traders focused on hefty grain supplies as crop weather improved in South America, with scattered showers in Brazil easing concerns about drought curtailing soybean […] Read more
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