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Markets

AAFC ups canola/pea ending stocks projections amid tariff woes

Geopolical risks and trade uncertainty may alter outlook

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Canadian canola and pea ending stocks may end up considerably larger at the close of the 2025/26 marketing year than originally thought if recently-imposed Chinese tariffs remain in place through the marketing year, said Agriculture and Agri-Food Canada in its latest supply/demand estimates released March 21.
Grain bins in a Saskatchewan field. (MysticEnergy/iStock/Getty Images)
Crops, Markets

Less Canadian wheat, more canola on hand to end 2023: StatCan

Some had anticipated even larger on-farm canola stocks, given slower export pace

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Canadian wheat stocks at the end of 2023 were considerably tighter compared to the previous year, with oats, corn and pulse crops also seeing supply reductions, according to the latest stocks report from Statistics Canada, released Feb. 8, 2024. However, canola, barley and soybean stocks as of Dec. 31, 2023, were higher compared to the previous year.
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Crops, Markets

Pulse weekly outlook: AAFC forecasts larger dry pea, lentil crops  

Dry pea prices have seen gains over the week; lentils steady to higher

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Agriculture and Agri-Food Canada forecasted increases in the production of dry peas and lentils for the 2024/25 crop year compared to those in 2023/24. AAFC issued its first supply and demand report for the calendar year on Jan. 22, which included the department’s preliminary estimates for the coming crop year. The data was not based on farmer surveys or satellite models. 
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Crops, Markets

IGC raises wheat, corn, cuts soybeans 

IGC upped projected total grain ending stocks to 590.2 million tonnes

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As the world’s supply of grain for 2023/24 was increased to 2.307 billion tonnes, the International Grain Council bumped its projections for wheat and corn, while trimming those for soybeans. 

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