Winnipeg, July 21 – Canadian farmers will grow considerably less wheat and canola in 2015-16 than earlier thought, according to updated grain and oilseed supply-demand estimates from Agriculture Canada released July 21. Ag Canada’s market analysis division forecast total production of the eight major grains and oilseeds for 2015-16 at 70.787 million tonnes, which was […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Questions abound ahead of StatsCan seeding report
Statistics Canada releases its updated acreage estimates for the year on June 30, but the timing of the survey could lead to more questions and second-guessing than normal given the acreage adjustments and yield losses that have likely taken place over the past month. The survey was conducted at the end of May and the […] Read more
Canadian canola crush margins keep dropping
Winnipeg, June 22 – Canola crush margins remain in free-fall as canola seed becomes more expensive relative to the value of the oil and meal produced. “They’re not deteriorating, they’re flat out disintegrating,” said a canola trader, pointing to the $20 per tonne drop over the past week alone. He said crush levels have been […] Read more
U.S. trans fat ban creates opportunities For Canadian canola
WINNIPEG — A move by the U.S. Food and Drug Administration to ban artificial trans fats in processed foods within three years will create opportunities for Canada’s canola sector, especially high oleic varieties such as Nexera. Partially hydrogenated oils (PHOs), which are the primary source of artificial trans fat in processed foods, are not “generally […] Read more
Tight Canadian lentil market watching weather
WINNIPEG — Old crop large green lentils saw a jump in price over the past week, but actual supplies are few and far between with most market participants turning their attention to new crop opportunities and the weather uncertainty across the lentil growing regions of Western Canada. “The trade is very thin right now,” said […] Read more
Soybeans and corn grinding lower, watching the weather
WINNIPEG — Great spring seeding conditions across much of the U.S. Midwest have weighed on soybean and corn futures at the Chicago Board of Trade, and the nearby bias remains pointed lower, barring a weather scare, according to an analyst. “The good growing conditions will keep (soybeans and corn) grinding lower,” said Terry Reill, of […] Read more
Feed wheat relatively strong vs. milling wheat in Western Canada
WINNIPEG — Relative strength in the feed wheat market in Western Canada compared to milling wheat is making feed channels a more attractive option for some growers with lower-end milling wheat left to sell. “Right now, feed is pretty well on par with a lot of the base milling grade wheats,” said Jared Seitz, trade […] Read more
Wheat bids edge lower across Canadian Prairies
WINNIPEG – Cash bids for Canadian wheat were down during the week ended April 24, as values reacted to adjustments in the US futures and the foreign exchange markets. Average Canada Western Red Spring wheat prices were down by $3 to $5 per tonne, with bids ranging from $181 per tonne in North Central Saskatchewan […] Read more
Small pulse acres surprise in Statistics Canada report
Million acres 2014 (final) 2015 intentions 2014-15% change TradeF’cast Total wheat 23.84 24.765 3.9 23.5-27 Spring wheat 17.40 18.004 3.4 Durum 4.75 5.500 15.8 5.25-6.25 Winter wheat 1.675 1.261 -24.7 Canola 20.33 19.416 -4.5 19-21.5 Barley 5.88 6.478 10.2 6.4-8.0 Soybeans 5.56 5.375 -3.4 Dry field peas 3.79 3.830 0.9 3.7-4.5 Corn for grain 3.08 […] Read more
Opinions mixed ahead of StatsCan acreage report
WINNIPEG — An early spring and relatively dry fields across much of Western Canada should allow farmers to increase their total seeded acreage in 2015, but most analysts are anticipating only minor adjustments on a crop-by-crop basis when Statistics Canada releases its planting intentions report Thursday. “StatsCan acreage numbers are always a bit unpredictable … […] Read more
