LANGHAM, Sask. — Western Canadian farmers are sitting on a bumper crop, according to a leading grain analyst. “If we have a nice harvest period, we have the potential for having a close-to-record crop on the Prairies this year,” said MarketsFarm analyst Bruce Burnett. That observation is based on a recently completed 3,500-kilometre crop tour […] Read more
Tag Archives MarketsFarm
Lower canola exports to increase ending stocks
Agriculture Canada boosts ending stocks estimate, but analysts say it must go higher due to the ‘abysmal’ state of exports
SASKATOON — Agriculture Canada has increased its estimate for 2024-25 canola ending stocks, but analysts think it didn’t go far enough. Carryout was bumped to 2.5 million tonnes in the May outlook, up from 1.65 million tonnes in April. Related stories: That is due in a large part to an increase in carry-in, which is […] Read more
U.S. winter wheat crop looks good
Recent tour uncertain if projections will hold to end of the season
SASKATOON — The winter wheat crop in the United States is in better condition than the government is forecasting, according to a recent crop tour. After scouting 449 fields, primarily in Kansas, the tour came up with an average yield of 46.5 bushels per acre. “Our yields came in much higher certainly than I was […] Read more
China’s imports to determine prices
The USDA estimates that China's buying needs will jump by 2034, while a Chinese science academy says they will shrink
SASKATOON — China’s crop imports are forecast to be robust in the year ahead, but the Chinese government is predicting a major contraction over the next decade. The U.S. Department of Agriculture believes China will import a record 109 million tonnes of soybeans in 2024-25. Related stories: Corn imports are forecast at 23 million tonnes, […] Read more
U.S. wheat acres stop downward slide
American production has been falling for the last 40 years but it's not certain that this has benefited Canadian growers
SASKATOON — The freefall in U.S. wheat acres appears to have bottomed out. Farmers in that country are expected to plant 47.5 million acres of the crop this year, which is where acres have been since 2017. Related stories: However, it is a far cry from the peak of 88.25 million acres achieved in 1981. […] Read more
Wheat price outlook hinges on Russia
The market has already begun to respond as dry conditions and now frost significantly threaten production this year
SASKATOON — The 2024-25 wheat market outlook hinges on one key question. “The bottom line is, it comes back to Russia. Are they going to be able to have a big enough crop again this year to dominate world exports and hold prices down, or not?” DTN lead analyst Todd Hultman said during a recent […] Read more
Pea protein sector wants duty
Manufacturers claim Chinese companies are exporting product into Canada at subsidized prices
SASKATOON — Canadian pea protein manufacturers have filed an anti-dumping and countervailing duty case against Chinese imports. “We believe the evidence shows Chinese companies are competing unfairly by selling product into Canada at dumped and subsidized prices,” Nutri-Pea said in an email. Related stories: The Portage la Prairie, Man., company manufactures food-grade protein isolates, starches […] Read more
Canadian canola exports to Mexico plummet 65 per cent
Canada is expected to remain Mexico's largest supplier of canola, but Australia is making major inroads in that market
SASKATOON — Canada’s canola shipments to Mexico are plummeting. Exports to that destination totaled 279,900 tonnes through the first seven months of the 2023-24 campaign. Related stories: That is down from 801,100 tonnes for the same period a year ago, a 65 percent drop. Canadian canola sales have generally been lacklustre to date, but the […] Read more
Global durum competition is heating up
Russia could drastically increase durum production this year, but could be shut out of the European Union market
SASKATOON — Canada could face stiff competition in durum markets in 2024-25 as Russia ramps up production. Rossella Polito, an Italian durum farmer who posts as @spiga_dorata on the X social media platform, said the Russian Grain Union reports that farmers will plant 2.47 million acres of durum this year, double the size of last […] Read more
U.S. wheat intentions exceed expectations
SASKATOON — Growers in the United States intend to plant slightly more spring wheat and a lot more durum than last year. They plan to seed 11.34 million acres of spring wheat, a 1.2 percent increase over last year and 2.03 million acres of durum, a 21 percent bump, according to the U.S. Department of […] Read more
