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Alta. farmers near ready for seeding

Minimal seeding has occurred to date in Alberta, but the return of warm and drier conditions should see seeding operations fully underway in about a week's time, according to a provincial crop specialist. "Some seeding has occurred in the extreme southern areas of the province so far, but I would say those operations are still[...]

Prairie canola crush margins improve

Crush margins for processors in Western Canada have once again improved, which is helping to maintain high demand for the commodity at local processors. "Based on my calculations, crush margins for canola basis the July contract have improved significantly over the past month to around the $40 per tonne area," said Bill Craddock, a southern[...]

Seeding delays may help bolster Prairie sunflower acres

Delays in planting alternative crops this spring across Western Canada could translate into extra area being planted to sunflowers, according to an official with the National Sunflower Association of Canada (NSAC). "Because the crop insurance deadlines are later for sunflowers than other crops, we could see a switch to the crop this spring," said Darcelle[...]

Ont. winter wheat survives in excellent condition

Winter wheat seeded in Ontario last fall is believed to have survived the winter in very good to excellent condition. "Overall there was little in the way of any winterkill reported so far this spring," said Peter Johnson, a provincial cereal crop specialist at Stratford, Ont. Out of the 950,000 acres of winter wheat seeded[...]
Crops, Grain Markets

Loonie forecast to hold its own against U.S. greenback

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The loonie will likely continue to weaken against the U.S. dollar, but should stay close to parity in medium to longer term, says ScotiaBank’s chief currency strategist.
“The path of least resistance for the Canadian dollar in the near term is weaker,” said Camilla Sutton.
However, lower global growth along with the less hawkish stance by the[...]

Few surprises in StatsCan's seeded area intentions

Statistics Canada's first look at what farmers in Canada plan on seeding in the spring of 2013 yielded few surprises, despite the acreage projection for canola being smaller than anticipated and the all-wheat estimate coming in larger than expected. "The numbers will provide a good starting point to work with on paper, but weather, prices[...]

Late spring fuels uncertainty in StatsCan acreage ideas

Industry participants are certain we'll see uncertainty in Statistics Canada's first seeding intentions survey for the spring of 2013, given the late winter thaw, possibilities of flooding in some regions and resulting delays in planting crops. StatsCan's planting intentions survey, conducted the week of March 25 to April 3 and due out Wednesday, included 13,805[...]
Cereals, Crops, Grain Markets, Oilseeds

Canola growers balk at delivering to cash market

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Continued worries over tight old-crop supplies, along with the reluctance of farmers to deliver canola to the country elevator at current cash bids, helped to generate much of the upward price action seen in canola on the ICE Futures Canada trading platform during the week ended April 12.
Exporters and domestic processors were the noted buyers[...]
Crops, Grain Markets, Oilseeds

Unexpected stocks of U.S. soybeans pressure canola

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Canola values on the ICE Futures Canada trading platform moved lower during the week ended April 5, with declines a function of chart-related speculative liquidation orders as well as the downward price action experienced in the CBOT (Chicago Board of Trade) soybean complex.
The continued declines seen in Malaysian palm oil and European rapeseed futures during[...]
Cereals, Crops, Grain Markets, Oilseeds

USDA's reports pressure canola, wheat, corn and soy

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Canola futures on the ICE Futures Canada trading platform were forced into losses during the holiday-shortened week ending March 28 by the release of some bearishly construed U.S. Department of Agriculture reports. Canola had been edging upward until that point.
Concerns about tight old-crop supplies, steady export demand and some light domestic crusher needs had combined[...]

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