Canadian wheat exports in both the current crop year and the upcoming 2024/25 marketing year will likely end up above earlier expectations, according to updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released June 20, that left the balance sheet for canola relatively unchanged.
AAFC raises wheat exports call, tightens carryout
Bovine bird flu reports still at zero in Canada
Results of a national testing program conducted by the Canadian Food Inspection Agency (CFIA) released June 18 showed no evidence of the highly pathogenic avian influenza (HPAI) in the country’s milk supply. "Commercially sold milk and milk products remain safe to consume," said a release from the CFIA and the Public Health Agency of Canada (PHAC). It was also noted that even if traces of the virus were found, the pasteurization process would have rendered them harmless.
Soybeans, corn trading sideways and watching weather
Soybean and corn futures at the Chicago Board of Trade both find themselves in relatively sideways trading ranges watching Midwestern weather forecasts to provide nearby direction.
Improved Canadian pest control product regulations proposed
Proposed amendments to Canada’s pest control product regulations (PCPR) will provide greater transparency while enhancing environmental protection, according to an announcement from Health Canada on June 17.
Canola fund short position climbs higher
As of June 11, 2024, the net managed money short position in canola futures came in at 99,252 contracts (1,950 long/101,202 short), which was up by roughly 30,000 contracts from the previous week.
Prairie Wheat Weekly: Prairie wheat bids trend lower with U.S. futures
Spring wheat bids in Western Canada fell sharply lower during the week ended June 13, seeing a continuation of the previous week’s declines as losses in the United States futures […] Read more
Feed weekly: Prairie barley market steady with good new crop projections
Feed barley bids are holding relatively steady in Western Canada, showing little movement over the past month as end users await the new crop amid relatively favourable growing conditions. Drought […] Read more
Canadian Grain Commission announces grain grading changes
The Canadian Grain Commission (CGC) announced several grain grading changes for the 2024-25 crop year to better meet the needs of the domestic grain sector and global buyers. “The Canadian […] Read more
Improvements to temporary foreign worker program recommended: CFIB
Temporary foreign workers (TFWs) may help alleviate persistent labour shortages in Canada’s agricultural sector, but adjustments to the system would increase efficiencies and create better alignment with the practical needs […] Read more
Manitoba seeding nears completion: report
Manitoba farmers made good seeding progress in early June despite wet conditions, with 92 per cent of intended acres in the ground – up nine points from the previous week, […] Read more
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