StatsCan production estimates ‘too low’ for canola, wheat

WINNIPEG — Statistics Canada released the first survey-based production estimates for the 2015-16 crop year this morning, with canola and wheat figures coming in at the lower end of expectations. However, the trade is shrugging off the report because it believes final production numbers for most crops will be larger than what Statistics Canada estimated […] Read more

StatsCan production report to show mostly smaller crops

WINNIPEG — Statistics Canada will release its first survey-based Canadian crop production estimates for 2015-16 on Friday, and figures for most major crops are expected to be down compared to last year. Yields are likely to be all over the map because weather conditions varied vastly from region to region during the growing season. Weather […] Read more

CWB pegs 2015/16 canola production At 12.18 million tonnes

WINNIPEG — CWB is estimating that the Canadian canola crop will produce 12.18 million tonnes in 2015-16 (Aug./July), according to a supply and demand table released today via the Market Research Services Twitter account. The projection is below a previous estimate from the company of 12.60 to 13 million tonnes, which was released in the […] Read more

Ag Canada leaves 2015-16 pulse crop outlook relatively unchanged

WINNIPEG — Agriculture Canada released its latest supply and demand report for Canadian pulse crops yesterday, leaving the outlook for 2015-16 pulse and specialty crops relatively unchanged. The seven major specialty and pulse crops are dry peas, lentils, dry beans, chickpeas, mustardseed, canary seed and sunflower seed. Ag Canada pegged 2015-16 total Canadian pulse production […] Read more

Basis reacts to rising canola futures

Winnipeg — The ICE Futures Canada canola market has moved sharply higher recently, but in some cases the cash market hasn’t rallied less because basis levels have widen. “Generally we’ve been seeing companies widen their basis levels out a bit. Some have held them steady, some have just crept them out a little bit. There […] Read more

Prairie wheat bids rise with U.S. futures, improving basis

WINNIPEG — Western Canadian Canada Western Red Spring and Canada Prairie Red Spring cash bids moved higher during the week ended March 13, underpinned by strength in US wheat futures and improving basis levels. Average CWRS wheat prices were $6 to more than $9 per tonne higher during the week, with bids ranging from $207 […] Read more

New crop Canadian canola acreage still up in the air

WINNIPEG — With the 2015-16 growing season fast approaching in Western Canada, farmers will soon be making their final seeding decisions. But how many acres will be planted to canola this year is still up in the air. “I think a lot of people aren’t getting a lot of feedback from growers, as they haven’t […] Read more

Recent strength in CBOT corn, beans to be short lived

Winnipeg, Feb. 4 – Corn and soybean futures on the Chicago Board of Trade ended mostly higher during the week ended Feb. 4. Soybean futures saw slight gains, while the advances in corn were more exaggerated. A sharp rally on Feb. 3 lifted both markets to end higher for the week, with speculative short covering […] Read more