(Dave Bedard photo)

Canada’s expected flax area smallest since 1950

Other commodity prices outperforming flax

MarketsFarm — Blue flowery fields of flax will be fewer and farther between in Western Canada, according to Statistics Canada’s (StatCan) first survey-based seeding intentions report for 2023-24. In a report released late last month, StatCan projected only 689,000 acres of flaxseed to be planted this spring, an 11.6 per cent decrease from the year […] Read more

ICE July 2023 canola with 20-day moving average and November 2023 canola (yellow open/high/low/close). (Barchart)

ICE weekly outlook: Expect canola to climb higher

Seeding reported underway in southern Alberta

MarketsFarm — As better-than-expected weather across the Canadian Prairies is very likely to spur on farmers to begin their spring seeding, the market is poised to push higher over the next couple of months, according to an analyst. “We have come down to the low end of the range,” said David Derwin, commodity futures advisor […] Read more

File photo of a canola field in northern France’s Normandy region. (Brasil2/iStock/Getty Images)

Rapeseed production expected down in EU

USDA attache sees more soy, sunflower

MarketsFarm — Rapeseed production in the European Union (EU) is expected to see a small decrease in the 2023-24 marketing year, according to the U.S. Department of Agriculture’s (USDA) European Union attaché in Vienna. In a Global Agricultural Information Network (GAIN) report released Wednesday, the EU’s 2023-24 rapeseed crop is expected to total 19.3 million […] Read more

The rush to get to the fields can cause some producers to overlook obvious safety concerns.

Rush on planting can increase safety risks

A successful planting season should include attention to safety, say experts

Although Agricultural Safety Week was observed March 12-18, now is the time for heightened awareness and planning. Agriculture is one of the most dangerous professions, yet larger farming operations and increased pressure to get crops planted can translate to anxiety and tension, and can distract producers from the hazards they face. “It’s ‘go time’, so […] Read more

ICE July 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: StatCan’s canola area estimate questioned

Traders predict significant increase ahead

MarketsFarm — Statistics Canada on Wednesday released its first survey-based seeding intentions report for the 2023-24 marketing year, reporting an anticipated 0.9 per cent rise in canola acres, to 21.6 million. The figure occupied the lower end of trade expectations, but StatCan recently adopted a new methodology of conducting the survey last December and January, […] Read more


File photo of wheat seedlings. (Volodymyr Shtun/iStock/Getty Images)

StatCan expects more wheat, canola acres in 2023

Corn, soy, barley acres also expected up

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

Photo: Greg Berg

Analysts expect additional acres for canola, wheat

StatCan estimates due out Wednesday

MarketsFarm — If traders and analysts are correct with their estimates, there will be slightly more wheat and canola acres seeded in Canada this year compared to 2022. Statistics Canada (StatCan) will release its first survey-based acreage estimates for the 2023-24 marketing year on April 26. Other than drier and cooler conditions in southern Manitoba, […] Read more

ICE July 2023 canola with Bollinger bands (20,2). (Barchart)

ICE weekly outlook: Weather to influence canola price movement

Short-covering seen supporting front months for now

MarketsFarm — Canola contracts on the ICE Futures platform held relatively rangebound during the week ended Wednesday, trading within a $20 per tonne range in most months as market participants wait to get a better handle on new-crop prospects. “There’s some concern developing on seeding delays,” said Jamie Wilton of RJ O’Brien in Winnipeg, adding […] Read more


CBOT May 2023 soft red winter wheat with 20-day moving average, MGEX May 2023 hard red spring wheat (yellow line) and K.C. May 2023 hard red winter wheat (orange line). (Barchart)

U.S. grains: Chicago grains flat or higher on Ukraine concerns

Rains expected to cause U.S. planting delays

Mexico City | Reuters — Chicago grain and soy futures closed nearly flat or higher on Tuesday as traders assessed the impact of several countries banning Ukrainian grain, and the future of a Black Sea grains deal remained in doubt. Markets were also eying expected rains in the U.S. that would likely slow planting schedules. […] Read more

File photo of a rapeseed field in India. (Amlanmathur/iStock/Getty Images)

India’s rapeseed output to be steady

El Nino may be a spoiler

MarketsFarm — Rapeseed production in India has been forecast to remain quite consistent, according to the U.S. Department of Agriculture (USDA) attaché in New Delhi. The attaché projected rapeseed production for 2023-24 to hold at 11.5 million tonnes, the same in 2022-23. USDA’s official numbers placed India as the world’s No. 4 producer of rapeseed, […] Read more