CNS Canada –– Canada’s canaryseed market is slow and stagnant, according to a Saskatchewan-based industry expert, and he expects prices to move lower before improving. Delivered elevator canaryseed is bringing producers 26.5 to 29 cents/lb., according to Prairie Ag Hotwire. “We might see 25 cents/lb. before we see 30 cents/lb.,” said David Nobbs, chair of […] Read more
Canaryseed prices soft, trending weaker
StatsCan comes in at low end of expectations for canola
CNS Canada — Despite an upward revision of nearly a million tonnes in Statistics Canada’s latest report, most analysts expect canola production will keep climbing further. StatsCan on Friday morning released its updated grain/oilseed production estimates, with data collected through surveys taken between Sept. 3 and 13. Canola production numbers came in at 14.3 million […] Read more
U.S. grains: Corn, wheat, soy drift lower in cautious trade
Chicago | Reuters –– U.S. corn futures fell for a third day on Thursday as the harvest of an expected bumper crop expanded, but price movement was restrained as markets digested a Federal Reserve decision to leave U.S. interest rates unchanged. Wheat and soybean futures sagged on a lack of supportive fundamental news. All three […] Read more
StatsCan raises wheat, canola estimates with new model
CNS Canada — Wheat and canola production are expected to be higher than in previous estimates, but still lower than in 2014, according to a new Statistics Canada model for field crop production estimates. The model-based report, released Thursday, pegs this year’s spring wheat production at 18.4 million tonnes, higher than previously forecast in the […] Read more
Cattle herd still shrinking in StatsCan estimates
The size of Canada’s cattle herd is still in decline and almost a quarter smaller than its peak in 2005, Statistics Canada reports. The federal statistics agency on Thursday released estimates showing the herd at 13 million cattle on farms on July 1 this year, down 2.1 per cent from the same date in 2014. […] Read more
StatsCan production estimates ‘too low’ for canola, wheat
CNS Canada — Statistics Canada released its first survey-based production estimates for the 2015-16 crop year Friday morning, with canola and wheat figures coming in at the lower end of expectations. But the grain trade is shrugging off the report, as it believes final production numbers for most crops will be larger than what Statistics […] Read more
Trade expects mostly smaller crops in StatsCan report
CNS Canada –– Statistics Canada will release its first survey-based Canadian crop production estimates for 2015-16 on Friday, and figures for most major crops are expected to be down compared to last year. Yields are likely to be all over the map as weather conditions varied vastly from region to region during the growing season. […] Read more
ICE weekly outlook: Canola receives boost from soybeans
CNS Canada — The ICE Futures Canada canola market pulled higher during the week ended Tuesday, following heavy gains in the U.S. soy complex which advanced to its highest point in five months Tuesday. Traders were keenly observing Tuesday’s 2015-16 Statistics Canada acreage report which called for 19.84 million acres of canola in Western Canada. […] Read more
Yields to take precedence over acres in Canada
CNS Canada –– Canadian farmers seeded a bit more canola and a bit less wheat than originally expected, according to updated acreage estimates from Statistics Canada, released Tuesday. However, worsening drought conditions in the western Prairies over the past month and the need for reseeding due to frost damage earlier in June mean actual yields […] Read more
Questions abound ahead of StatsCan acreage report
CNS Canada — Statistics Canada will release its updated acreage estimates for the year on Tuesday, but the timing of the survey could lead to more questions and second-guessing than normal given the likely adjustments and yield losses over the past month. The survey was conducted before a drought took hold in Alberta and Saskatchewan, […] Read more
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