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.
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Tightening canola ending stocks for 2024/25: AAFC
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.
Canadian canola acres to dip in 2024, wheat steady: StatCan
Lower prices, moisture concerns cited; moisture has since improved somewhat
Canadian farmers intend to seed less canola in 2024 compared to the previous year, while overall wheat area should hold relatively steady, according to the latest Statistics Canada survey results released March 11.
Canadian cattle herd reaches lowest level since 1989
Cattle weights supporting decline in production
On January 1, Canadian farmers held 11.1 million cattle and calves on farms, down 2.1 per cent from a year prior, StatCan said in livestock estimates released today. It's the smallest cattle herd since January 1, 1989.
Less Canadian wheat, more canola on hand to end 2023: StatCan
Some had anticipated even larger on-farm canola stocks, given slower export pace
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.
Tight Canadian lentil carryout expected
Tightest lentil stocks since July 2010 forecasted
Canadian lentil stocks are forecast to be extremely tight by the close of the 2023/24 marketing year, which should keep prices well supported despite expectations for a smaller export program.
AAFC raises canola, wheat ending stocks forecasts
Pea, barley carryout estimates raised, lentils cut in half
Glacier FarmMedia – Canadian canola and wheat carryout for the 2023/24 marketing year will likely end up above earlier projections, according to the latest Outlook for Principal Field Crops from Agriculture and Agri-Food Canada (AAFC) released Dec. 15.
Higher canola, wheat production expected in StatCan report
Traders raise concerns about report accuracy
MarketsFarm — There was a consensus among several traders and analysts that Statistics Canada will very likely raise its estimates on canola and wheat production for 2023-24. Yields on the Prairies were better than expected following a difficult first half of the growing period, as the weather improved during the second half. StatCan is set […] Read more
Canadian farm cash receipts rise in 2022, but so do inputs
MarketsFarm – Canadian farmers brought in more money in 2022 compared to the previous year, but their expenses were also up resulting in a 7.7 per cent drop in realized net income to $11.8 billion, according to the latest farm income data from Statistics Canada. Data for the first three quarters of 2023 shows another […] Read more
Manitoba sunflower yields better than anticipated
Some crops may be left over winter
MarketsFarm — With most of Manitoba’s sunflower harvest believed to be almost complete for 2023, yields have proven to be better than expected, according to Dennis Lange at Manitoba Agriculture. “I’ve heard good comments from some in the industry that the sunflower crop looks pretty good this year,” Lange said, noting Manitoba yields were estimated […] Read more
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