Canadian farmers seeded more canola in 2021 than originally intended, with a number of other crops also seeing adjustments higher as dry weather through the planting season allowed for a fast seeding pace. Total canola planted area was pegged at 22.5 million, which was up by roughly a million acres from an earlier forecast. That […] Read more
Stories by MarketsFarm
Mustard production may miss predictions
While Canadian mustard seed production is expected to increase for the 2021-22 crop year, one broker thinks it may fall short of both Statistics Canada’s planting projections and production seen in 2019-20. “Even though (mustard seed production is) showing to be up again this year, there’s some concerns out there that maybe Statistics Canada was […] Read more
Hemp sector prepares for a year of gains
Production is expected to increase 15 to 20 percent, and both conventional and organic prices have risen 20 percent
WINNIPEG — The hemp industry in Canada is set for a good year in 2021, according to Canadian Hemp Trade Association president Ted Haney. “It looks like we are looking at another 15 to 20 percent increase in seeded acres nationally, which should take us over the 100,000-acre level for sure,” Haney stated. He explained […] Read more
‘Extreme drought’ expands in Prairies
WINNIPEG — Agriculture Canada’s Canadian Drought Monitor’s (CDM) new map shows the ongoing drought on the Prairies is getting worse. According to the nationwide map released May 7, southwestern Manitoba, parts of southern Saskatchewan and the southeastern corner of Alberta are under CDM’s classification of extreme drought (D3) as of April 30. The communities in […] Read more
Solid barley exports support domestic prices
Canada exported 2.6 million tonnes of the crop up to the end of March with 95 percent of that being sold to China
Canada has already exported more barley through the first two-thirds of the 2020-21 marketing year than in any full crop year in more than a decade. That solid export pace is keeping domestic prices well supported, with an increase in seeded area in 2021-22 expected. Export data from the Canadian Grain Commission through March shows […] Read more
Argentine soybean production expected to rise
Soybean production in Argentina, the world’s third-largest supplier, is expected to push well above 50 million tonnes in 2021-22, according to Benjamin Boroughs, the United States Department of Agriculture attaché in Buenos Aires. Boroughs estimated that production would rise to 51.5 million tonnes in the coming marketing year, which would be an 8.4 percent increase […] Read more
Canadian canola acre estimate lower than expected
WINNIPEG — As the market grappled with the April 27 Statistics Canada planting projections, one thing was clear to MarketsFarm Pro analyst Mike Jubinville: the canola forecast isn’t enough to rectify tight ending stocks. In the survey-based principal field crop areas report, the federal agency pegged 2021-22 canola acres at 21.53 million, up 3.6 percent […] Read more
CN, CP Rail move record amounts of grain
WINNIPEG, April 6 (MarketsFarm) – Canada’s two largest railways both reported all-time highs in grain movement for March and for the first quarter. In a press release, Canadian National Railway announced on April 5 it had moved 2.95 million tonnes of grain last month, beating the previous March record of 2.74 million transported last year. […] Read more
Churchill port now 100 percent locally owned
Consortium of Indigenous and northern communities acquires share of northern port owned by AGT and Fairfax Holdings
WINNIPEG (MarketsFarm) — The Port of Churchill is undergoing an ownership transition that will see OneNorth Community and Indigenous partners assume 100 percent ownership of the port, the rail to the facility, the Churchill Marine Tank Farm and associated assets, according to an Arctic Gateway news release distributed by the Town of Churchill. AGT Food […] Read more
Railways set grain records
WINNIPEG (MarketsFarm) — Canada’s top two rail companies moved record amounts of grain during the third quarter of 2020. Canadian National Railway reported Oct. 5 that it shipped 7.76 million tonnes of grain by rail, and Canadian Pacific Railway said Oct. 2 that it moved 7.72 million tonnes. For CN, it marked a record amount […] Read more
