Canadian lentil stocks are forecast to be extremely tight by the close of the 2023/24 marketing year, which should keep prices well supported despite expectations for a smaller export program.
Tight Canadian lentil carryout expected
Tightest lentil stocks since July 2010 forecasted
Survey says… a lot about markets
Expert’s Radar: Production, stocks and area are three key crops figures tracked by StatCan
In the days when everyone had a landline, smartphones were non-existent and call display was rare, I once had a part-time job conducting market research phone surveys. We’d start with numbers in Atlantic Canada and end the shift calling British Columbia, following the time zones to catch people when they were most likely to be
Speculative net short position in canola hits new record
CBOT long liquidation saw the net long position in soybeans dip
The net short position in canola futures climbed to a new record large level in mid-December, as speculators added to their bearish bets for the second week in a row, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
AAFC raises canola, wheat ending stocks forecasts
Pea, barley carryout estimates raised, lentils cut in half
Glacier FarmMedia – Canadian canola and wheat carryout for the 2023/24 marketing year will likely end up above earlier projections, according to the latest Outlook for Principal Field Crops from Agriculture and Agri-Food Canada (AAFC) released Dec. 15.
ICE weekly outlook: Drifting market in need of outside support
South America growing conditions likely price driver in soy markets for next months
The ICE Futures canola market remained under pressure heading into the New Year, lacking any significant supportive news of its own that could spark a move higher.
Watch global wheat flows
Expert's Radar: The wheat market around the world is complex and intertwined
Wheat is grown around the world, but different varieties are suited for different uses. The hard red spring wheat of Western Canada is prized by bread makers and the softer lower-protein wheats grown to the east are better suited to cakes and pastries. The global flow of wheat, or lack thereof, is always a key
U.S. grains and oilseeds trading South American weather/charts
Wheat rallied around Chinese purchases, soybeans came under pressure
The seasonal slowdown in the North American grain and oilseed markets has traders in the Chicago futures taking direction from shifting weather forecasts out of South America, with technical chart signals also at play in the futures heading into the New Year.
Net fund short position edges down in canola
CBOT fund traders were liquidating some large net long positions in soybeans
Fund traders were buying back some of their large net short position for the fourth week in a row in late-November, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Going soft on ICE
Expert's Radar: The canola exchange also hosts more exotic commodities
The ICE Futures U.S. exchange, home to Canadian canola contracts, is also the primary price discovery platform for the so-called “soft” commodities, including coffee, cocoa, sugar and frozen concentrated orange juice. While Canada does export some sugar, the country is largely a price-taker for all those commodities and holiday bakers may feel an extra pinch
Australian crops improve, but well off recent records
Winter crop harvest reportedly progressing quicker, earlier than recent years
Australia’s winter crop production likely beat earlier expectations but will still be down considerably compared to the record-large production in recent years, according to the latest crop report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES).
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