StatsCan reaction — durum bullish, canola neutral, wheat bearish

WINNIPEG, Aug. 31 (CNS) – The 2016 canola crop has been revised higher by Statistics Canada in its first production estimates for 2017 released august 31. StatsCan raised the 2016-17 production number to 19.6 million tonnes from 18.4 million previously. It pegged the 2017 crop at 18.2 million tonnes, which was in the middle of […] Read more

Analyst thinks USDA soy numbers too high

Darin Newsom remains bullish on soybeans despite the United States Department of Agriculture boosting its production estimate and ending stocks number in its September outlook. DTN’s senior analyst thinks soybean stocks will wind up much tighter than the current estimate. If he is correct, that would support soybean prices and the value of competing oilseeds […] Read more

Early results disappointing on peas, barley

Southern Saskatchewan peas suffered from early season dry weather and recent wet, windy weather has damaged barley

With the prairie harvest already underway, there could be conflicts between what combine yield monitors are telling farmers and official crop production estimates. Statistics Canada releases a crop forecast Aug. 21 but it is based on farmer surveys conducted in the last week of July and the first few days of August. Early reports from […] Read more

Good malting prices may hike barley acres

Analysts expect the biggest barley crop since 2009, despite information refuting rumours 
that maltsters are desperate for supply

Farmers must have been in a secretive mood when they told Statistics Canada how much barley they were going to seed this year. The official estimate calls for 6.4 million acres of the crop. “I think they’re out to lunch,” said Rod Green, owner of Central Ag Marketing, a grain broker specializing in malt barley. […] Read more