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Canola

Statistics Canada’s latest crop production estimates report pegged the country’s 2019 canola harvest at only 18.65 million tonnes.
Grain Markets, Markets

StatsCan report tells tale of poor harvest conditions

Fundamentals could soon favour canola values

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ICE Futures canola contracts started the first week of December by falling to their lowest levels in three months, as losses in outside vegetable oil markets spilled over to weigh on values. However, values recovered off of those lows by the end of the week, with the impact of the poor harvest finally showing up
Lack of a China-U.S. trade deal is causing the market to remain moribund, likely for the rest of the year.
Markets

Trade stalemate leaves markets unmoving

Lack of rain in South America could eventually shake things up

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Canola values will likely remain range-bound between $455 and $467 for the remainder of the year. That’s largely due to the stalemate between the United States and China regarding a trade deal, and also due to uncertain growing conditions in South America and Australia. On Nov. 27, U.S. President Donald Trump signed congressional legislation in support
Canola in swath near Starbuck, Man. on Aug. 10, 2019. (MarketsFarm photo by Glen Hallick)
Crops, Markets, Weather

StatsCan report puts canola production at lowest since 2015

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MarketsFarm — Data from Statistics Canada’s production of principal field crops report, released Friday morning, will likely be supportive of canola values, put pressure on barley, and keep wheat prices steady. In the report, canola production across Canada decreased by 8.3 per cent nationally to 18.6 million tonnes, compared to 2018 production volumes. The decreased
(Dave Bedard photo)
Crops, Markets

Trade’s crop estimates vary ahead of StatsCan report

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MarketsFarm — Barley and canola production expectations vary ahead of Statistics Canada’s production of principal field crops report, due out Friday. In September, the federal agency estimated Canada’s barley production to total just less than 10 million tonnes, two million higher than the final count for the 2018-19 growing year. However, some trade estimates are
Currency volatility important to remember
Markets, Other

Currency volatility important to remember

We’re currently at the low end of the historic range for the loonie’s value against the greenback


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Canada exports almost a third of its gross domestic products of goods and services. And when it comes to agriculture, those percentages are even higher. Based on statistics from the Canadian Agri-Food Trade Alliance, we export 50 per cent of our beef/cattle, 65 per cent of our malt barley, 70 per cent of our soybeans,
Jason Shapiro at Grain World. (MarketsFarm photo by Glen Hallick)
Crops, Markets

Grain World: Geopolitics is back dominating global relations

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Saskatoon | MarketsFarm — Geopolitics is again shaping the international scene, including China, Jason Shapiro explained here Thursday at the Grain World conference. Geopolitics, he said, resulted in catastrophic global wars and generated very little peace for close to a century. Shapiro, director of analysis for Geopolitical Futures — an Austin, Tex.-based international risk analysis

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