Canadian farmers planted more canola and less wheat than originally intended, according to updated acreage estimates from Statistics Canada, released June 27.
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Canadian farmers plant more canola, less wheat than early intentions
Oilseed crush, grain deliveries see mixed yearly changes
Changes varied in the amount of oilseeds crushed and grains delivered in Canada during the month of May compared to one year ago, according to Statistics Canada (StatCan).
Farm equity, asset values up in 2023: StatCan
Farms' ability to pay debts declined but balance sheet remains strong
The total equity of the Canadian farm sector rose nearly eight per cent in 2023 while farm assets rose more than seven per cent according to Statistics Canada’s 2023 balance sheet.
Realized Canadian farm income up, net income down in 2023
Total farm cash receipts rose 4.4 per cent compared with 2022 on higher crop marketings; cattle prices
Realized net income for Canadian farmers rose 18.3 per cent in 2023 to C$14.5 billion, as growth in receipts offset a rise in expenses, according to a report from Statistics Canada released May 29.
Most Canadian grain stocks tighter than a year ago
For many of Canada’s major crops, their holdings came in lower than a year ago, as Statistics Canada released its stocks of principal field crops as of March 31 report. There were declines in all wheat, durum, oats, corn, lentils and peas, but there were increases for barley and canola while soybeans were relatively steady.
Pulse Weekly: Indian demand lifting Canada’s export program
Pulse Canada president Greg Cherewyk said the country’s pulse export program remains in great shape amidst mixed news for the industry.
Pulse Weekly: Chickpea prices drop, acres likely to increase
Recent price declines for Western Canadian chickpeas do not seem to be deterring growers from seeding the crop this spring.
Seasonal trends underpinning feed grains for now
Feed barley bids in Western Canada continue to find some support as the calendar turns to spring, with seasonal road restrictions lending some nearby support to prices.
Tightening canola ending stocks for 2024/25: AAFC
Canadian canola ending stocks will likely be tighter by the close of the upcoming 2024/25 marketing year, while the wheat carryout should rise, according to updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released March 19.
Feed barley sees nearby strength heading into spring
Seasonal trends and rising corn prices have underpinned the feed grain market in Western Canada over the past few weeks, although ample supplies will likely limit the upside going forward.
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