The Australian Bureau of Agricultural and Resources Economics and Sciences released its monthly supply and demand report on June 3. The report showed a 57.2 per cent increase for Australia’s chickpea production at 1.15 million tonnes in 2024/25. The country’s lentil output is to change very slightly with a dip of a mere 2,000 tonnes from a year ago at 1.61 million.
Pulse Weekly: Increased Australian production could pose greater export challenges for Canada
Bigger cereal, pulse crops for Australia as canola contracts
Winter crop production in Australia has been projected to increase nine per cent at 51.3 million tonnes for 2024/25. That’s according to the Australian Bureau of Agricultural and Resource Economics and Sciences which issued its latest supply and demand report on June 3.
ICE Canada weekly: Interest rate cuts to have positive or negative effect on canola
With the growing likelihood of an interest rate cut by the Bank of Canada, spillover from the move could prove to be beneficial for canola prices, according to Calgary-based Errol Anderson of Errol’s Commodity Wire.
Saskatchewan sees good seeding progress, but behind average pace
Spring planting in Saskatchewan progressed 24 points during the week ended May 20, putting seeding at 56 per cent complete, according to the provincial Agriculture department. However, that’s 12 points behind this time last year and well below the five-year average of 76 per cent finished.
CBOT Weekly: Spring wheat poised for good conditions
Planting of the spring wheat in the United States continues to be off to an excellent start, according to Tom Lilja of Progressive Ag in Fargo. Meanwhile, the heavy rains that fell as of May 21 are very likely to lead to less corn being seeded with U.S. farmers switching to soybeans.
Seeding in Alberta ahead of pace
Overall spring seeding of all crops in Alberta was just over 18 per cent complete, according to the province’s first crop report of 2024. The pace was nearly seven points above the five-year average.
Prairie Wheat Weekly: Prices mixed at end of tumultuous week
Prices for wheat on the Canadian Prairies were either side of steady by the week ended May 9. There were losses for Canadian Western Red Spring Wheat and Canadian Western Amber Durum, but Canada Prairie Red Spring Wheat incurred increases.
Feed Grain Weekly: A bearish market, especially in southern Alberta
Sufficient supplies of domestic barley and wheat along with the ongoing influx of corn from United States, have continued to keep a lid on feed grain prices on the Canadian Prairies. That’s especially so in southern Alberta, according to Darcy Haley, vice-president of Ag Value Brokers in Lethbridge.
Manitoba seeding progress made, but behind average pace
Planting progress in Manitoba advanced a little bit during the week ended May 7, with four per cent of the province’s crops in the ground. With the bulk of the seeding in the central region, that’s up two points from the previous week but five behind the five-year average.
Most Canadian grain stocks tighter than a year ago
For many of Canada’s major crops, their holdings came in lower than a year ago, as Statistics Canada released its stocks of principal field crops as of March 31 report. There were declines in all wheat, durum, oats, corn, lentils and peas, but there were increases for barley and canola while soybeans were relatively steady.
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