Winnipeg – Canadian canola supplies as of March 31, 2019 of just over 10 million tonnes marked a new record for the date, according to the latest stocks of principal field crops report from Statistics Canada, released May 7. The government agency pegged canola supplies in the country at the end of March at 10.019 […] Read more
Stories by MarketsFarm
Canada ‘playing chess’ on canola file
Winnipeg – Canola seed sales to China remain at a standstill with little fresh news to report, according to a Canola Council of Canada briefing to farmers held Friday morning together with Minister of International Trade Diversification Jim Carr. However, efforts on a number of fronts are ongoing, as Canada works to resolve the issue. […] Read more
Uncertainty could bring changes to soybean acres
WINNIPEG – At this time soybean acres in Canada have been projected to be down this year for a few reasons. Not only because of trade issues with China, but also due to back-to-back dry years and declining prices, said Ron Davidson of Soy Canada and Rob Gamble of the Grain Farmers of Ontario (GFO). […] Read more
Saskatchewan planting ahead of five-year average
WINNIPEG – With the first crop report of 2019, the Saskatchewan Ministry of Agriculture report that five per cent of planting across the province has been completed as of April 29. That’s ahead of the five-year average of three per cent. The report stated once weather conditions improve the rate of planting will increase. Cropland […] Read more
ICE Canola Weekly: Bearish funds keep market pointed lower
Winnipeg – ICE Futures canola prices fell to their lowest levels since 2014 during the week ended May 1, as bearish technical signals and a lack of progress on trade relations with China weighed on values. While a short-covering correction is possible, the underlying fundamentals also remain bearish. Speculators adding to their large net short […] Read more
Seeding underway in Manitoba: Report
Winnipeg – Spring seeding is underway across much of Manitoba, according to the first crop report of the season from the provincial agriculture department for the week ended April 30. Spring cereals and peas were being seeded across most of the province, while central and Interlake regions also saw some corn and fababeans go in […] Read more
Most Canadian pulse acres to decline in 2019
WINNIPEG – Canadian farmers have been projected to plant fewer acres of pulses, according to Statistics Canada. “Keeping in mind this is the seeding intentions report based on a survey of growers from the beginning of March. It’s as current as the day it was collected,” commented Carl Potts, executive director of Saskatchewan Pulse Growers. […] Read more
Weekly Manitoba cattle report
Winnipeg – Good volumes moved through those Manitoba cattle auctions open during the week ended April 26, with solid prices in both the feeder and butcher markets. The short week due to Good Friday the previous week and the fact that some auctions were closed for Easter Monday meant that the sales that were running […] Read more
Large spec short position overhanging canola market
Winnipeg – Speculators added to their large net short position in ICE Futures canola during the week ended April 23, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators had a net short position of 58,004 contracts on April […] Read more
Western Canadian feed market stabilizing
Winnipeg – Western Canadian feed grain prices have come under pressure over the last month, but appear to be stabilizing as attention turns to spring seeding across the Prairies. “We’ve been steadily dropping for the past few weeks, and it’s leveled out now,” said Tracey Green, grain broker with Market Master Ltd. in Edmonton, Alta. […] Read more
