Canola supplies in Canada are expected to be extremely tight at the end of the 2012-13 season ending July 31, based on strong usage of the commodity by both the export and domestic sectors. The question remains, for many market participants: How tight will the supply situation get? Private trade estimates are currently pegging 2012-13
Extremely tight canola ending stocks expected
Crush margins for canola decline, processor demand strong
Crush margins for canola processors in Western Canada have been steadily declining, but demand from this sector for canola continues to remain strong, according to industry participants. "Crush margins, based on the way I calculate them, have dropped to around the $53 per tonne range, which is probably at the lowest level seen during 2012,"
Canada’s canola acreage seen down in 2013, production up
The amount of canola to be seeded in Canada in the spring of 2013 is expected to be down from the level seen in 2012, but assumed average yields and weather conditions are expected to translate into production easily surpassing the level achieved this season. Seeded area in the spring of 2013 was expected to
StatsCan survey finds canola supplies remain tight
Canadian canola production in the 2012-13 crop year was smaller than most industry participants had been anticipating and will result in an "astoundingly" tight ending stocks situation, industry officials said in reaction to Statistics Canada’s production survey released Wednesday. Many thought the government agency would raise its canola production forecast from the October estimate, "but
Producers catch up on cattle marketings after storm
The number of cattle making their way to auction yards in Manitoba increased significantly during the week ended Nov. 23. Much of the jump in cattle marketings was associated with farmers playing catch-up to last week’s plans, which were snowed out by a winter storm. Steady demand from all outlets, meanwhile, allowed values to remain
Jury out on StatsCan canola production estimate
The jury is still out on whether the last Canadian production survey of 2012 will reveal smaller or larger canola supplies than what the early October report did, based on feedback from the industry. The report, scheduled to be released by Statistics Canada on Wednesday, will finalize Canada’s 2012 grain and oilseed production. The main
Chicago’s soybean complex pulls canola downward
Canola futures on the ICE Futures Canada platform suffered some major downward price action during the week ended Nov. 16, with the sharp losses in the CBOT (Chicago Board of Trade) soybean complex and favourable weather for the planting and development of soybean crops in Brazil and Argentina tied to the declines. The unloading of
Ont. winter wheat crop seen off to good start
The area planted to winter wheat in Ontario was significantly higher in 2012 than in 2011, according to an official with the province’s agriculture ministry. "Favourable weather, and the early completion of the soybean and corn harvest in Ontario, allowed producers to get in the fields early," said Peter Johnson, the province’s cereal crop specialist
Canola futures see downward price action
Canola futures on the ICE Canada platform experienced some weakness during the week ended November 9 with the bearishly construed USDA supply-demand balance tables for soybeans encouraging some of the downward price action. A larger-than-anticipated U.S. soyoil ending stocks estimate from the USDA added to the bearish sentiment in canola. The unloading of positions by
ICE predicts interest in futures contracts will pick up
The head of ICE Canada is optimistic interest will pick up in the 10-month-old milling wheat, durum and barley futures contracts. Open interest in all three commodities is confined to the two nearby months and trading volumes have been very low. “There have been discussions held with a subsection of the group who helped create
Cyber-Savvy Farmer
