Grain and oilseed production estimates in a 2011-12 crop survey, due out Tuesday from Statistics Canada, are expected to mainly show a jump in output from the previous report, according to industry projections. “The general sentiment among individuals is that production, particularly in Western Canada, will be higher based on yields coming in at better
Jump anticipated in StatsCan production survey
“Monstrous” Canola Yield Reports Pressure Futures
Canola futures on the ICE Futures Canada trading platform experienced a minor push to the downside during the week ended Sept. 9. Declines were influenced by the favourable weather for harvest operations, particularly in Saskatchewan and Manitoba, and indications that some monstrous canola yields were being achieved. The larger-than-expected supply of canola in commercial and
More advanced Prairie crops seen escaping frost damage
The first significant frost of the calendar year occurred across grain- and oilseed-producing regions of the Prairies overnight Tuesday, but damage to crops was only expected to be minimal. The exact amount of damage to any crop will be determined by the duration of the cold temperatures, whether fields were in low-lying areas, and the maturity
Favourable weather promotes Alta. harvest: AARD
Favourable weather conditions have allowed farmers in Alberta to make significant harvest progress, according to a crop specialist with Albert’s Ag-Info Centre. Combining in southern regions of the province was estimated to be anywhere from 40 to just over 50 per cent complete, while in the central and northern areas swathing was underway, but very
StatsCan report shows larger-than-expected canola stocks
The grain and oilseed stocks in all positions report released by Statistics Canada on Wednesday confirmed larger-than-expected supplies for canola and all wheat and suggests the agency underestimated the sizes of those crops during the 2010-11 season, industry sources said. Statistics Canada pegged Canadian canola stocks as of July 31, in the 2010-11 crop year
Research Key To Choosing Right Futures Broker
In relation to time spent on production, farmers in Canada spend very little time actually marketing their crops and even less time seeking out brokerage firms that will guide them. But with the impending end of the Canadian Wheat Board monopoly on wheat and barley in 2012, more farmers may be looking for a broker
Canada’s canola crop record-sized, but smaller than expected
Canada’s canola output in the 2011-12 crop year will be record large, but the estimate released by Statistics Canada in its first crop production survey fell below what market participants had been anticipating. The government agency pegged Canada’s 2011-12 canola crop at a record 13.193 million tonnes, up from the 2010-11 level of 11.866 million. Pre-report
Canola crop record, but smaller than expected
Canada’s canola output in the 2011/12 (Aug/Jul) crop year will be record large, but the estimate released by Statistics Canada in its first crop production survey fell below what market participants had been anticipating. The government agency pegged Canada’s 2011/12 canola crop at a record 13.193 million tonnes, which was up from the 2010/11 level
Scarce precipitation seen during Prairie harvest
Producers looking to harvest their grain and oilseed crops in Western Canada can expect to see a drier than normal fall period, according to weather outlooks looking at the next couple of months. “There is a fair chance that some parts of the Canadian Prairies will receive normal rain events during the fall harvest period,
Bearish Sentiments, Weather Drag On Canola
Canola futures on the ICE Futures Canada trading platform suffered a minor setback during the week ended Aug. 5 with the downtrend in the Chicago Board of Trade (CBOT) soybean complex and the liquidation of positions by speculators and commodity funds who were spooked by the uncertain global economic situation, behind the bearish price sentiment.
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