Canadian canola ending stocks will likely be tighter by the close of the upcoming 2024/25 marketing year, while the wheat carryout should rise, according to updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released March 19.
Tightening canola ending stocks for 2024/25: AAFC
Strong duty-free Indian yellow pea demand could continue
Solid exports of Canadian yellow peas to India over the past few months could continue for longer, as officials contemplate extending duty-free imports once again.
Crop plans, grain markets countdown to spring
Expert’s Radar: Recent snowfall eases some moisture worries as thoughts turn to spring
March comes in like a lion and goes out like a lamb, according to the old saying that alludes to the idea that storms early in the month are often followed by milder spring weather as the calendar turns to April. Much of Western Canada welcomed snow in early March and the moisture eased some
Speculators finally backing away from bearish bets in canola
Speculators were busy covering some of their large net short position in canola in early March, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Prairie wheat bids rise as U.S. futures attempt recovery
Spring wheat bids in Western Canada moved higher during the week ended March 14, as wheat futures in the United States tried to recover off their lows.
IGC sees world crop production rising in 2024/25
World production of wheat, corn and soybeans are all forecast to rise in the 2024/25 crop year, according to the first estimates from the International Grains Council for the upcoming growing season, released March 14.
Feed barley sees nearby strength heading into spring
Seasonal trends and rising corn prices have underpinned the feed grain market in Western Canada over the past few weeks, although ample supplies will likely limit the upside going forward.
Canola price sees slight growth
Unpriced canola stocks expected to trigger selling into recoveries
The canola market finally showed signs of strength in the first week of March, moving above some key chart points as values stabilized after trending lower for the previous five months. The May contract climbed above its 20-day moving average, settling above the psychological $600 per tonne mark on March 7. The contract traded consistently
Canadian canola crush hit record in 2023: StatCan
Oilseed processors in Canada crushed a record amount of canola during the 2023 calendar year, according to a report from Statistics Canada released March 13.
Canadian pulse plantings to rise in 2024
Canadian lentil area is forecast to be up by 4.4 per cent on the year, at 3.829 million acres, according to the estimates of principal field crops report released by Statistics Canada on March 11. After conducting a survey of producers in December and Janyar, StatCan forecast pea area in 2024 at 3.122 million acres which would be up by 2.4 per cent on the year.
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