A return to trend yields should see an increase in production for most of the major crops grown in Canada in the upcoming 2024/25 (Aug/Jul) marketing year, according to the first outlook for the season from Agriculture and Agri-Food Canada released Jan. 22.
Early signs point to increased crop production in 2024/25: AAFC
Rotation, moisture, expected prices, costs among main factors expected in seeding decisions
Canola market a wild toboggan ride
Expert's Radar: Up, down or sideways? A childhood memory gives insight
When I was 10 years old, my family lived for a year in a small community on the Labrador coast. Our house was halfway up the side of a hill and you could ride a sled from our front door down to the Atlantic Ocean, which was amazing for a Prairie boy like me. The
Record large short position grows in canola
CBOT net short position on soybeans more than doubled
The record large net short position in ICE Futures canola continued to rise in mid-January, as fund traders put on more bearish bets and liquidated long positions, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Western Canadian wheat bids trend down with U.S. futures
Canadian dollar weakened relative to U.S. counterpart
Spring wheat bids in Western Canada continued to trend lower during the week ended Jan. 18, as a move to contract lows in the United States futures weighed on values and countered support from a weaker Canadian dollar.
Grain markets by the numbers
USDA has released a lot of information that may move futures
The United States Department of Agriculture released a slew of data on Jan. 12 that could provide nearby direction for futures heading through the relatively quiet winter months. U.S. production The final production numbers for the 2023-24 U.S. growing season placed soybean yields at 50.6 bushels per acre and corn yields at 177.3 bu./ac. Both were well above trade
Western Canadian feed market cold, but quiet
General trend in barley pricing flat to lower
Extreme cold temperatures in Western Canada have done little to move the needle on feed grain markets as corn continues to come up from the United States and end users appear well covered for the time being.
Bulk ocean freight rates fall from highs despite uncertainty
Container rates have climbed higher as Houthi attacks in the Red Sea have caused diversions
The Baltic Dry Index (BDI), a major indicator of bulk shipping rates, has dropped sharply over the past month after hitting 18-month highs in early December. Meanwhile, container rates have climbed higher over the same period as attacks by Houthi militants in the Red Sea have caused many shipping companies to divert their vessels.
USDA confirms larger U.S. lentil/pea/chickpea crops
Edible bean production down slightly with lower seeded area, yield
Final production estimates for the past growing season from the United States Department of Agriculture confirmed larger lentil, dry pea and chickpea crops in the country in 2023/24 compared to the previous year, as yields improved for all three crops. However, edible bean production was down slightly as both yields and seeded area were down for the crop.
Speculative short position hits new record in canola
Soybeans hit largest net short position since March 2020
Speculators were back adding to their large net short position in canola to start 2024, taking the bearish bet to a new record, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
ICE canola weekly outlook: Possible support uncovered
Chicago soyoil has shown some stability, underpinning canola
The ICE Futures canola market hit fresh contract lows to start 2024 but may have finally uncovered some support.
Cyber-Savvy Farmer
