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Tag Archives acreage estimates

ICE July 2023 canola with 20-day moving average (yellow line, right scale) and CBOT July 2023 soybean oil (dark green line, left scale). (Barchart)
Crops, Markets

ICE weekly outlook: Canola market rising into summer

New StatCan acreage estimates out next week

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MarketsFarm — ICE Futures canola contracts have climbed steadily higher since their late-May lows, nearing chart resistance to the upside on the first day of summer. Updated renewable fuel targets released by the U.S. Environmental Protection Agency failed to live up to expectations, sparking a speculative selloff in soyoil. While the limit-down move in soyoil […] Read more
File photo of wheat seedlings. (Volodymyr Shtun/iStock/Getty Images)
Crops, Markets

StatCan expects more wheat, canola acres in 2023

Corn, soy, barley acres also expected up

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MarketsFarm — Canadian farmers intend to plant more wheat and canola in 2023, with soybeans, corn and barley area also forecast to expand, according to Statistics Canada’s projections for field crop area. The increases in those crops will come at the expense of oats, lentils and peas, with intended summerfallow area down to its smallest […] Read more
Fababeans in the field. (Queserasera99/iStock/Getty Images)
Crops

Pulse weekly outlook: Acre intentions down for most pulses

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MarketsFarm — Statistics Canada’s principal field crop areas report, released Tuesday, shows declines in most pulse crops compared to last year. Only lentils saw an increase, rising slightly by 0.4 per cent from 2021-22 to now 4.32 million. Meanwhile, dry peas fell 11.8 per cent at 3.37 million aces, with edible beans down 32.1 per […] Read more
(Dave Bedard photo)
Crops, Markets

StatsCan: Less canola and durum, more barley and oats

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MarketsFarm — Canadian farmers seeded fewer canola and durum acres than they originally intended, but more barley and oats, according to updated acreage estimates from Statistics Canada that largely came within expectations. StatsCan pegged planted Canadian canola area for 2019-20 (August to July) at 20.952 million acres, down by about 300,000 from the March survey […] Read more
(Dave Bedard photo)
Crops

Trade sees record Canadian canola acres as possibility

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CNS Canada — Canadian farmers could be set to seed record-large canola acres in 2017, while wheat area is generally expected to be down on the year when Statistics Canada releases its first survey-based acreage estimates of the year on Friday. From a purely economic standpoint, “canola is historically the commodity that pays the bills,” […] Read more
(Dave Bedard photo)
Crops, Markets

Questions abound ahead of StatsCan acreage report

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CNS Canada — Statistics Canada will release its updated acreage estimates for the year on Tuesday, but the timing of the survey could lead to more questions and second-guessing than normal given the likely adjustments and yield losses over the past month. The survey was conducted before a drought took hold in Alberta and Saskatchewan, […] Read more

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