MarketsFarm — Canola prices, along with other edible oils, received a strong boost on Wednesday due to sharp upticks in Malaysian palm oil values. Canola futures have also received support from a bullish forecast this week from Statistics Canada on planted acres for this spring. Despite the Indonesian government stating Monday its export ban on […] Read more
Tag Archives statistics canada — page 11
ICE weekly outlook: Canola books steep rise in prices
Pulse weekly outlook: Lentil acres likely up in 2022
Other pulses likely down, though
MarketsFarm — Statistics Canada released its first survey-based crop acreage estimates of 2022 on Tuesday, reporting that while more lentil acres may be planted this spring, other pulses are expected to have their seeded area shrink. The national data agency projected 4.49 million acres of lentils will be planted in Canada this year, a 4.2 […] Read more
Drought fears, fertilizer may affect Canadian acreage estimates
MarketsFarm — Traders and analysts awaiting Statistics Canada’s first survey-based acreage report for the 2022-23 crop year on Tuesday believe competition amongst crops — as well as their dependence on fertilizer, and the possibility of another drought this summer — will be determining factors. Canola stands as the best representation of traders’ concerns. Despite reaching […] Read more
Soybean markets poised to respond based on war footing
Corn and soy supplies expect to hit historical lows at end of crop year
Editor’s note: This market analysis was mostly-prepared before the impact of the Russian invasion into Ukraine. As a result, many global commodities are in sway due to a multitude of unforeseen circumstances now in play. Statistics Canada released its Dec. 31 Stocks Report last month. This report is important because it confirms the production estimate […] Read more
Pulse weekly outlook: Pulse stocks drop due to drought
MarketsFarm — Statistics Canada’s latest report on stocks of principal field crops clearly demonstrated how much of an effect last summer’s historic drought in Western Canada had on pulse crops. According to the report released Tuesday, last December’s total domestic stocks for dry peas, chickpeas, lentils and soybeans all declined from the year earlier. Those […] Read more
Pulse weekly outlook: Expect little movement in prices during holidays
MarketsFarm — There were no surprises for pulses in Statistics Canada’s latest production report, according to Marlene Boersch of Mercantile Venture Consulting in Winnipeg. With that in mind, she doesn’t expect any significant price changes for pulses. “Part of the reason is we’re starting to glide into the holiday period. We’ll probably see some movement […] Read more
Canola declines, durum drops in new StatsCan estimates
Soybean, oats estimates raised
MarketsFarm — There were very few surprises in Statistics Canada’s latest principal field crop production estimates released Friday — the first in 2021-22 to use a survey of producers. Nevertheless, they quantified just how severe last summer’s drought was in Western Canada. Canola production for the 2021-22 marketing year was estimated to be 12.595 million […] Read more
Canada economy seen weaker than expected as supply chain woes weigh
Ottawa | Reuters – The Canadian economy most likely underperformed expectations in the third quarter amid ongoing supply chain woes and a brutal drought, official data suggested on Friday, prompting analysts to forecast the Bank of Canada could move slower on rate hikes. The economy expanded by 0.4 percent in August, missing estimates, and looked […] Read more
Farm revenue reaches record levels
Ontario fares well but drought could decrease value of year-end receipts nationally
Glacier FarmMedia – Canada’s agricultural producers enjoyed record revenues in the first six months of 2021, thanks to high commodity prices, brisk sales and strong global demand for agricultural products. According to Statistics Canada, total farm cash receipts across the country exceeded $38.2 billion in the first six months of 2021, a year-over-year increase of […] Read more
StatsCan reduces yield projections for soy, increases corn yield
Satellite-based modelling may not reflect true potential for soy, as field and crop tours show yields should be higher
Ontario and U.S. corn and soybean production estimates have been raised since last month. Statistics Canada released its satellite model crop estimates based on conditions in late August. The Ontario corn yield was raised by 9.7 bu./acre from the August release and Statistics Canada trimmed the Ontario soybean estimate but it is important to realize […] Read more
Cyber-Savvy Farmer
