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
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
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
Canadian canola acres up from earlier forecast
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
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
Wheat futures underpinned for now, but watching headlines
Winnipeg,(MarketsFarm) – United States wheat futures have climbed higher over the past week, with the largest gains in Chicago Board of Trade soft wheat, as global uncertainty over the COVID-19 pandemic provided some support. However, that uncertainty could also makes predicting market trends rather difficult, according to an analyst. “All of my comments come with […] Read more
Lack of willing sellers keeps pulses underpinned
Winnipeg, (MarketsFarm) – Pea and lentil bids in Western Canada are holding relatively steady for the time being, despite anecdotal reports of increased international demand due to the COVID-19 pandemic, with attention soon shifting to spring seeding. A lack of willing sellers is keeping pulse bids underpinned in Western Canada, according to broker Dale McManus, […] Read more
Solid demand, logistics underpin durum bids
Winnipeg,(MarketsFarm) – Durum bids in Western Canada have found some support from solid demand and logistical issues elsewhere in the world. Anecdotal reports of pasta hoarding, due to COVID-19 concerns, were also somewhat supportive. Cash durum bids in Saskatchewan are currently in the C$7.50 to C$8.00 per bushel range, according to Prairie Ag Hotwire data. […] Read more
Canola futures stronger for 3rd straight day
WINNIPEG, (MarketsFarm) – The ICE Futures canola market was stronger for the third-straight session on Thursday, as world equity and energy markets saw a modest correction amid the ongoing COVID-19 pandemic. Gains in the Chicago Board of Trade soy complex also provided spillover support, although activity was choppy in the grains and oilseeds. Recent weakness […] Read more
Ag Canada adjusts supply/demand tables slightly
WINNIPEG, (MarketsFarm) – Updated supply/demand tables released by Agriculture and Agri-Food Canada on March 19 include only minor adjustments to the stocks and usage numbers, with slight increases to the wheat and canola ending stocks forecasts for 2020/21. Canola ending stocks for 2020/21 are now forecast at 2.80 million tonnes. That would be up from […] Read more
Locust swarms raise food security concerns
Winnipeg — Locust swarms reaching levels not seen in decades are raising concerns over food security from Africa to as far east as India, according to reports from the Food and Agriculture Organization of the United Nations. The locust crisis has intensified since the beginning of 2020, but got its start in 2018 when back-to-back […] Read more
