CNS Canada — Canola contracts on the ICE Futures Canada complex stayed mostly rangebound during the week ended Wednesday, even as sharp fluctuations in the Canadian dollar and a bearish Statistics Canada report impacted the market. StatsCan on Wednesday released its final production estimates of the year, projecting canola production in 2017-18 at 21.3 million […] Read more
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ICE weekly outlook: Canola holds rangebound with bearish StatsCan data
Canola stocks look less tight in StatsCan report
CNS Canada — Canadian farmers grew a record amount of canola in 2017, despite weather concerns, according to updated production estimates on Wednesday from Statistics Canada. The agency pegged production in 2017-18 at 21.3 million tonnes, up from the September estimate of 19.7 million and last year’s total of 19.6 million. The rise in production […] Read more
Larger crops expected in StatsCan report
CNS Canada — Canada’s canola and wheat production likely ended up larger than earlier expectations, but just how much more remains to be seen, as industry participants await the Statistics Canada production report due out Wednesday. “The finish seemed to be better than what the weather looked like earlier in the year,” said Neil Townsend […] Read more
Trade expecting bigger canola, wheat numbers from StatsCan
Reuters — Canadian farmers harvested the biggest canola crop on record, slightly larger than was expected in September, a Reuters survey of 15 traders and analysts showed ahead of a key government report. Wheat production is also seen higher than earlier expectations, as favourable weather produced big yields. Statistics Canada will release its final crop […] Read more
ICE weekly outlook: Canola futures wait on report
CNS Canada — ICE Futures Canada canola traders may already be looking ahead to the release of Statistics Canada’s next production estimates, as lacklustre trading amid the holiday season leaves investors searching for direction. StatsCan is scheduled to release its final principal field crop report of the year on Dec. 6. The report is usually […] Read more
StatsCan’s model-based estimates confirm larger crops
CNS Canada — Canadian canola and wheat production likely ended up larger than earlier estimates, according to computer model-based data released Tuesday by Statistics Canada. The model-based estimates are calculated by incorporating satellite data, agro-climate data, and Statistics Canada’s field crop reporting data. The numbers compare with the survey of farmers released Aug. 31. Total […] Read more
Lower Prairie flax production, decent quality expected
CNS Canada — What’s really happening with this year’s flax crop is going to be revealed in the next few weeks as farmers get into their fields. Statistics Canada predicted in a production report, released Aug. 31, that both Saskatchewan’s and Canada’s flax production this year would be 13.7 per cent less than in 2016. […] Read more
Traders look to new crop following StatsCan stocks estimates
CNS Canada — Canadian canola stocks were relatively tight at the close of the 2016-17 crop year, which should be underpinning the market as the trade works to get a better handle on new-crop production. In a report released Wednesday, Statistics Canada pegged Canadian canola supplies as of July 31 at 1.35 million tonnes, compared […] Read more
ICE weekly outlook: Canola rises, post-report
CNS Canada — It was an eventful week for the ICE Futures Canada canola market as many in the trade were preparing for the release of Statistics Canada’s crop production report on Thursday. While the report is always taken lightly because it relies on month-old data, it still gives participants some sense of how the […] Read more
Year-ago Canadian canola crop revised higher
CNS Canada — Canada’s 2016 canola crop has been revised higher in Statistics Canada’s first production estimates for 2017, released Thursday. StatsCan raised the 2016-17 production number from 18.4 million tonnes to 19.6 million, and pegged the 2017 crop at 18.2 million tonnes, which was somewhere in the middle of trade estimates. “I think there’s […] Read more
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