MarketsFarm — Don’t expect any large increases in canola prices any time soon, according to Ken Ball of PI Financial in Winnipeg. In fact, there’s a good chance seen that old-crop canola could fall below its support level of $800 per tonne. Ball said 2022-23 canola ending stocks in Canada could increase because of the […] Read more
Tag Archives aafc — page 8
ICE weekly outlook: Upswings likely out of question for canola
Canada's exports expected to ebb
Pulse weekly outlook: AAFC report makes minor changes
Revisions mainly in dry peas, chickpeas
MarketsFarm — Following the latest supply and demand estimates from Agriculture and Agri-Food Canada (AAFC), MarketsFarm Pro analyst Mike Jubinville said their numbers “all seem reasonable enough.” There were only a handful of small tweaks to pulses in the AAFC report released Friday. For the most part, the revisions came with dry beans and chickpeas. […] Read more
AAFC revises crop estimates
Export, new-crop production outlooks revised lower for flax
MarketsFarm — Agriculture and Agri-Food Canada (AAFC) on Friday released its February supply and demand estimates with numerous small changes. AAFC held its projections for 2022-23 grains and oilseeds production at 89.489 million tonnes. As for exports, the department reduced them from 45.715 million tonnes last month to now 45.49 million. Furthermore, domestic usage was […] Read more
USDA sees little change in Australian, Canadian wheat output
MarketsFarm — There isn’t much in the way of significant changes in the U.S. Department of Agriculture’s (USDA) attaché reports on grain production in Australia and Canada. USDA’s Global Agricultural Information Network (GAIN) office in Canberra pegged Australia’s wheat production for 2022-23 at 37 million tonnes, 400,000 more than the official USDA estimate. In comparison, […] Read more
AAFC issues first look at 2023-24
Oats production expected down significantly on year; wheat, canola up
MarketsFarm — Agriculture and Agri-Food Canada (AAFC) has released its first crop projections for 2023-24, forecasting a very notable drop in oats. In AAFC’s January supply and demand estimates, released Friday, it cut oat production to 3.611 million tonnes, down almost 31 per cent compared to 2022-23. The department chopped the carryout for oats by […] Read more
Pulse weekly outlook: Tightening Canadian lentil stocks expected
Pea ending stocks more comfortable
MarketsFarm — Carryout stocks of Canadian lentils could tighten to their smallest level in seven years by the end of the current 2022-23 marketing year, according to updated supply/demand estimates from Agriculture and Agri-Food Canada. While lentil production of 2.3 million tonnes was up by 44 per cent from the drought-stricken 2021-22 crop, expectations for […] Read more
Feds open up consultations for sustainable ag strategy
Producer groups to have reps on advisory committee
The federal government has enlisted farm groups on the ground floor of consultations toward development of a long-term strategy to “amplify” the adoption and use of sustainable practices in agriculture over the next year. Agriculture Minister Marie-Claude Bibeau on Dec. 12 announced the launch of public consultations on strategy development, running from now through March […] Read more
AAFC raises canola stocks projection, despite smaller crop
Department also trims wheat ending stocks
MarketsFarm — Canadian canola ending stocks for 2022-23 were revised higher by Agriculture and Agri-Food Canada in its latest supply/demand estimates, released Friday. The larger carryout projection came despite a downward revision to production, as both exports and domestic usage were also down from the November report. The government agency now sees canola carryout of […] Read more
ICE weekly outlook: Less canola to be exported
Crop expectations from Canada, Australia are factors
MarketsFarm — Any hopes of Canada exporting 9.3 million tonnes of canola during 2022-23 have now been dashed for two reasons. One reason is the latest Statistics Canada production report that cut canola production for the current marketing year. The other is the bumper canola crop Australia is now expected to have this year. StatCan’s […] Read more
AAFC report sees another series of tweaks
MarketsFarm — As expected, Agriculture and Agri-Food Canada (AAFC) avoided making any major revisions to its November supply and demand estimates, waiting until Statistics Canada issues its next production report on Dec. 2. AAFC released its latest monthly report late Friday afternoon. While AAFC tweaked its November supply and demand estimates from October, most of […] Read more
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