Markets
By Dave Sims, Commodity News Service Canada WINNIPEG, April 21 (CNS) – Canadian oilseed acreage is set to boom according to the latest acreage estimates from Statistics Canada. Today, the agency released its Principal Fields Crops Acreage Summary for 2017-18 on April 21. It pegged canola acreage at a record 22.387 million acres, a jump […] Read more
Markets
Analysts’ views of seeding report: record canola area, huge jump in soybean acres
Loonie dips on cool inflation
By Fergal Smith TORONTO, April 21 (Reuters) – The Canadian dollar weakened on Friday against its U.S. counterpart as cooler-than-expected domestic inflation reduced pressure on the Bank of Canada to consider interest-rate hikes. The annual rate fell to 1.6 percent from the previous month’s 2.0 percent, exceeding economists’ forecasts for a decline to 1.8 percent. […] Read more
StatsCan seeding intentions: canola and soybean area increase, less durum
Canadian farmers seen planting biggest-ever canola area By Rod Nickel and David Ljunggren WINNIPEG/OTTAWA, April 21 (Reuters) – Canadian farmers intend to plant their biggest-ever canola area, exceeding trade expectations, and trim wheat sowings, according to Statistics Canada’s first report on seeding for the year, released on Friday. The report turned ICE Canada November canola […] Read more
Seeding Intentions: canola and soybeans increase
Canadian farmers seen planting biggest-ever canola area By Rod Nickel and David Ljunggren WINNIPEG/OTTAWA, April 21 (Reuters) – Canadian farmers intend to plant their biggest-ever canola area, exceeding trade expectations, and trim wheat sowings, according to Statistics Canada’s first report on seeding for the year, released on Friday. The report turned ICE Canada November canola […] Read more
Spring harvested canola unlikely to be food quality
Plenty of canola from the 2016crop remains to be harvested but not much will be food worthy, says an analyst. Derek Squair, president of Agri-Trend Marketing, believes 1.3 million acres are left in fields across Western Canada. He estimates 20 percent of what remains is still standing and the remainder is in swaths. “Anything that’s […] Read more
CME live cattle futures again notch 1-year highs
CHICAGO, April 20 (Reuters) – Chicago Mercantile Exchange live cattle futures climbed on Thursday to a one-year top for the third straight day, and deferred contracts marked fresh highs, helped by firmer wholesale beef values, traders said. April live cattle closed 1.700 cents per pound higher at 129.625 cents. June ended 0.525 cent higher at […] Read more
Cereal disease, uncertain pulse markets put spotlight on canola
WINNIPEG — Canadian farmers might be set to seed record large canola acres in 2017, while wheat area is generally expected to be down when Statistics Canada releases its first survey-based acreage estimates of the year April 21. From an economic standpoint, “canola is historically the commodity that pays the bills,” said Mike Jubinville of […] Read more
Canola: the heavyweight champion of prairie crops
There is a good chance Canadian farmers will seed a record large canola crop this spring. It might also for the first time exceed the all-wheat acreage. If so, it would become the undisputed dominant crop in Western Canada. Statistics Canada releases its seeding intentions report April 21. It will be based on surveys with […] Read more
China may import less canola
Weakening vegetable oil demand from China could slow the flood of Canadian canola going to that country. “There was certainly talk of them slacking off canola, and that’s exactly what it needs to do to kill some demand,” said Ken Ball of P.I. Financial. Given the record strong pace of exports and domestic crush to […] Read more
WP livestock report
Hogs fall again Ample supply continued to weigh on hog markets. The U.S. national live price average for barrows and gilts was US44.33 per cwt. April 14, down from $47.25 April 7. U.S. hogs averaged $56.04 on a carcass basis April 14, down from $58.17 April 7. The U.S. pork cutout was $74.58 per cwt. […] Read more
