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

Realized net farm income up again

Realized net farm income has risen for the third year in a row, says Statistics Canada. The agency reported Wednesday that realized net farm income was $8.8 billion in 2016, up 7.6 percent. Realized net income is the difference between cash receipts and operating expenses, less depreciation, plus income in kind. The largest increase of […] Read more

Statistics Canada takes heat on canola supply estimates

Statistics Canada has come under fire by analysts for its canola production and stocks estimates but the agency remains confident in its numbers. Todd Mulligan, senior crops analyst at Statistics Canada, said the November estimates of crop production are based on a survey covering 26,500 farms. “We have a lot of confidence because that is […] Read more

Canola, soybean acres surge in seeding estimates

Somewhere, somehow, farmers have found more than two million extra acres for the 2017 crop production season, according to Statistics Canada. That will allow farmers to boost canola acres to a stunning 22.4 million, expand Manitoba soybean acres to 2.2 million and raise oat acres 20.6 percent to 3.4 million — all while allowing them […] Read more

Constant revisions erode confidence

Statistics Canada is continuing its long-running habit of heavily underestimating the size of the canola crop. Last week, after reporting its higher-than-expected year-end canola stocks number the agency was forced to bump up its estimate of last year’s canola crop by 1.15 million tonnes to 18.38 million. The difference between its initial July 2015 estimate […] Read more

StatsCan seeding report shows record lentil acreage

WINNIPEG/OTTAWA, June 29 (Reuters) – Canadian farmers planted less spring wheat and about the same area of canola as last year, dedicating the most land ever to lentils, Statistics Canada said in a report on Wednesday that was in line with trade expectations. Statscan pegged all-wheat plantings, which also include the durum and winter varieties, […] Read more

Satellite crop estimate too low: analysts

Satellite measures crop vegetation | Yield forecast of 34.5 bushels per acre canola “more than a little bit on the low side”

Statistics Canada’s first satellite based yield estimates of the year are way off the mark, according to grain analysts. The Crop Condition Assessment Program (CCAP) is forecasting an average yield of 34.5 bushels per acre for canola, 43.8 for spring wheat, 39.5 for durum and 63.4 for barley. All four numbers are lower than the […] Read more

Handling system expects massive crop

Grain volume to test system | Pressure on elevators is likely to weaken basis levels, says one analyst

Western Canadian farmers are poised to harvest a monster crop, which analysts say will strain the grain handling and transportation system and pressure basis levels. Statistics Canada forecasts 80 million tonnes of principal field crops, up from 73 million tonnes last year. “We added everything up and it looks like a record,” said Charlie Pearson, […] Read more