Canadian barley exports slowed in January, but out-of-country movement is still running ahead of the year-ago pace, according to updated export data from the Canadian Grain Commission. Canada exported 131,100 tonnes of barley from licensed facilities in January, with China the top customer taking 100,500 tonnes. Total barley exports were well off the 344,500 tonnes […] Read more
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New grain stocks report reveals no big surprises
Statistics Canada puts total canola stocks at slightly less than 11.36 million tonnes, which is up from 8.79 million last year
The most recent Canadian grain stock estimates are in line with market expectations. On Feb. 7, Statistics Canada issued its report on stocks as of Dec. 31, 2022, which highlighted notable increases in most grains and further signalled a recovery from the 2021 drought. “Stocks reports are important because they confirm the production numbers for […] Read more
Chinese recovery to drive crude oil price hike
The country’s economic reopening following COVID-19 restrictions is expected to increase demand for the commodity
China is largely responsible for the current upticks in global crude oil prices, according to Tom Kloza, global head of energy analysis for Oil Price Information Services in Lakewood, New Jersey. He suggested that China’s economy will begin to pick up steam in 2023 after the government loosened its super-tight COVID-19 restrictions. “You can call […] Read more
Oats take a hit in first 2023-24 crop estimate
Agriculture Canada released its first crop projections for 2023-24, forecasting a very notable drop in oats. In the department’s January supply and demand estimates, released today, it cut oat production by almost 31 percent at 3.611 million tonnes when compared to 2022-23. The department chopped the carryout for oats by nearly 48 percent at 600,000 […] Read more
Uncertain year ahead for oats as price collapses
Falling prices attributed to reluctant buyers as well as greater production resulting from more acres and higher yields
When comparing oat prices at the start of 2023 to those of one year ago, they appear to be night and day. Despite modest price increases over the past month, some western Canadian oat bids are less than half of what they were last year. In Alberta, the high-delivered bid for oats as of Jan. […] Read more
Ag Canada expects higher canola stocks
Latest carryout estimate made despite smaller crop because exports and domestic use are also expected to be down
Canadian canola ending stocks for 2022-23 were revised higher by Agriculture Canada in its latest supply-demand estimates released Dec. 16. The larger carryout projection came despite a downward revision to production, as both exports and domestic use were down from the November report. The department now sees canola carryout of 800,000 tonnes for the current […] Read more
Mustard prices rise as production increases
Prairie harvest went well with the help of more typical weather conditions last summer and dry conditions in October
If Agriculture Canada’s latest monthly principal field crop estimates hold true, mustard is having a bounce-back year. High prices for the seed led to nearly double the acres planted for the 2022-23 marketing year at 556,000, compared to 289,000 the previous year. As a result, 177,000 tonnes were produced in Canada in 2022, more than […] Read more
Canola production estimate reduced
Statistics Canada lowers its production forecast to 19.1 million tonnes from the previous estimate of 19.5 million tonnes
While Statistics Canada cut its projection for canola production in 2022-23 by 400,000 tonnes, FarmLink Marketing Solutions senior analyst Neil Townsend said the number could go lower. On Sept. 14, StatsCan issued its latest production estimates and lowered its call on canola from the 19.5 million tonnes forecast in its Aug. 29 report to 19.1 […] Read more
Harvest boosts farmers’ grain deliveries
Winnipeg (MarketsFarm) — Farmers are delivering more grains and oilseeds as harvest progresses and that should spark more interest in exports. The latest weekly data from the Canadian Grain Commission reports light export activity for canola through the first six weeks of the 2022-23 crop year, but growing supplies in the commercial pipeline thanks to […] Read more
Flax prices slide amid favourable growing conditions
One of the most expensive crops grown on the Prairies is losing value. While flaxseed prices in Western Canada are still at or above last year’s prices, they have come down by at least 15 percent since last month. The high-delivered bid for flax in Saskatchewan last week was $28 per bushel, down $5, or […] Read more
