Following its lower-than-expected forecast in October, market participants expect an upward nudge in most production estimates for Canada’s grains and oilseeds when Statistics Canada releases its last survey for 2011-12, due out Tuesday. Most industry participants still believe the previous production survey from the government agency was underestimated and some upward revisions will occur, said
Upward nudge expected in StatsCan’s production survey
Record canola crush pace seen, byproduct exports to drop
The steady rise in crush capacity in Canada will result in a record amount of canola being processed during the 2011-12 crop year, but exports of canola oil and meal were seen declining, a government analyst reports. The decline in canola oil and meal exports is expected to be consumed domestically. "Right now, I am
Chicago Soybeans Put Pressure On Winnipeg Canola
column Canola futures on the ICE Futures Canada trading platform lost ground during the week ended Nov. 11. Much of the price weakness was associated with the downward price action experienced in the CBOT (Chicago Board of Trade) soybean complex and with the unsettled ongoing macroeconomic picture. Keeping a firm floor under canola was steady
Larger Economic Issues Weigh On Canola
column Canola futures on the ICE Futures Canada trading platform resumed a downward price trend during the week ended Oct. 21. Losses were attributed to the price declines experienced by CBOT (Chicago Board of Trade) soybeans and outright liquidation by speculative fund accounts. Elevator company hedge selling was also evident, especially when canola showed signs
Grain-Oilseed Stocks Down: Ag Canada
Canada Inc. Supplies of the major grains and oilseeds in Canada at the end of the 2011-12 crop year will be lower than the level forecast in September and will be well below the level achieved during the 2010- 11 season, according to updated supply-demand tables from Agriculture and Agri-Food Canada s market analysis division.
Canola Futures Recovering On Fresh Chinese Demand
Dwayne Klassen CNSA Canola futures on the ICE Futures Canada trading platform managed a rally during the week ended Oct. 14, recovering some of the losses experienced in the previous reporting periods. Confirmation of fresh Chinese demand for Canadian canola helped to generate some of the price strength, as did the reluctance of Prairie producers
Pork exports to China up, values soar
Canadian pork exports to all destinations in 2011 are on par to match the level established during 2010, but demand from both China and South Korea has jumped significantly, according to an official in the industry. “Demand for Canadian pork products from China and South Korea are spectacularly ahead of trend,” said Martin Rice, executive
Field Work Takes Priority Over Cattle Marketings
Cattle movement and prices at auctions in Manitoba maintained steady levels during the week ended Oct. 7, but activity is seen picking up over the next couple of weeks as community pastures begin to empty out. There has been a steady flow of feeders to the auction yards, but butcher animals have been on the
Feedlots From East, West Maintain Healthy Demand
Dwayne Klassen CNSC Movement of cattle in Manitoba during the week ended Sept. 30 maintained a steady pace, but numbers were lighter at some locations as producers concentrated on fall field work. Demand from eastern and western feedlots continued to be good, said Buddy Bergner at Ashern Auction Mart. Locals were generally non-aggressive buyers. Values
StatsCan survey finds small canola crop
Statistics Canada on Tuesday released its latest estimates on what production of the various grain and oilseed crops in Canada will be, with projections coming in at a lower level than what most participants had anticipated. “Most pre-report estimates had called for a jump in the production of canola, wheat, barley and a host of
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