The USDA is forecasting a 4.9 per cent increase in Canadian grain production this year, which could reduce corn imports
Glacier FarmMedia – Early expectations point to increased Canadian grain production in 2024-25, which should cut into U.S. corn imports, according to a report from the U.S. Department of Agriculture’s attaché in Ottawa. Total Canadian grain production, which includes wheat, durum, barley, corn and oats, is forecast to increase by 4.9 per cent on the […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Canadian crop production revised higher, but still down on year
Production estimates for most of Canada’s major grain, oilseed and pulse crops were revised higher by Statistics Canada in its first survey-based estimates for the 2023 growing season, released Dec. 4. Production levels were still down for the year for many crops, as dryness across the Prairies cut into yields. The survey was conducted from […] Read more
Canadian pea exports start crop year strong
Pea sales have been solid in the first two months of 2023-24, but lentil exports are down so far from last year
Canadian pea exports are running at a solid pace through the first two months of the 2023-24 marketing year, despite the smaller production, as exports of newly harvested supplies in September nearly quadrupled what moved the previous month. Canada exported 440,085 tonnes of peas in September, which was up from only 99,645 tonnes the previous […] Read more
Domestic feedgrain prices seen slipping
Feed wheat and barley prices in Western Canada have slowly trended lower over the past few months, with prices for both grains now on par with imported corn from the United States into the key Lethbridge feedlot alley. All three grains are trading at around $410 per tonne into Lethbridge, according to Jim Beusekom, president […] Read more
Barley exports slow, but ahead of ’22
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
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
ICE canola weekly outlook: Sideways for now
The ICE Futures canola market may have seen some large price swings over the past few weeks, but remains relatively rangebound overall with values sitting just below their all-time highs. The upward momentum is slowing down, said David Derwin, a commodities investment advisor with PI Financial in Winnipeg. However, he added that it remains to […] Read more
Pulse sector welcomes trade talks with India
India will also consider allowing unfumigated Canadian pulses without penalty until a more permanent solution is found
Canada and India have formally relaunched trade negotiations that could lead to increased Canadian pulse exports to the country. Federal international trade minister Mary Ng met with her Indian counterpart, Shri Piyush Goyal, in New Delhi March 11 to discuss economic relationships between the two countries. In addition to highlighting existing trade relationships, the ministers […] Read more
Grain stocks remain tight in Canada
Canada’s tight supplies of canola, wheat and other crops following the 2021 prairie drought received more confirmation from Statistics Canada with the release of updated stocks data on Feb. 8. Canola stocks, as of Dec. 31, of 7.6 million tonnes were down 43 percent from the previous year and the tightest since 2007. Total wheat […] Read more
U.S. corn to supplement tight Canadian feed supplies
The looming corn harvest in the United States should keep a lid on rising feedgrain prices in Western Canada, with more corn expected to make its way into Canadian feedlots this winter. “U.S. corn should start landing in Lethbridge sometime in October or early November,” said Jim Beusekom of MarketPlace Commodities in Lethbridge. “That will […] Read more
