StatsCan canola and soybean estimates surprise traders

StatsCan canola and soybean estimates surprise traders

Abundant U.S. and world supplies continue to depress the wheat market

ICE Futures Canada canola strengthened on the week, as wet weather in Western Canada continues to put last year’s harvest on hiatus. Fresh data from Statistics Canada painted a picture of this summer’s seeding, adding an element of spreading into the market. In the week ending Friday, April 21, canola gained more than C$20 per

Pulses: Unharvested Canadian acres a concern

By Commodity News Service Canada Winnipeg, April 27 (CNS Canada) – Up to two million acres of land in Western Canada is still sitting with unharvested crops from 2016, raising concerns over the timing of spring seeding for 2017, according to reports. While pulse crops were mostly harvested before the winter, adjustments to current seeding


Pulses: Ukraine pea exports well above year-ago levels

By Commodity News Service Canada Winnipeg, April 26 (CNS Canada) – Since the start of the 2016/17 marketing year, Ukraine supplied 333.8 thousand tonnes of peas to foreign markets, well above the previous year’s 181.6 thousand tonnes,according to data from APK-Inform. Top end large green lentil bids are holding relatively firm in Western Canada, with

Pulses: India considering raising import duties

By Commodity News Service Canada Winnipeg, April 25 (CNS Canada) – India’s food ministry is considering raising import duties on tur dal (pigeon peas) from 10 per cent to 25 per cent in an effort to protect domestic prices for farmers, according to reports out of the country. Canadian lentil seedings could end up above


Pulses: Canadian pea exports stay strong

By Commodity News Service Canada Winnipeg, April 24 (CNS Canada) – Canadian pea exports remain strong, with 134,000 tonnes moving out of the country during the week ended April 16, according to the latest Canadian Grain Commission data. That brings the year-to-date total to 2.82 million tonnes, which is about 800,000 tonnes ahead of the

Pulses: Reduced Canadian lentil/pea acres expected

By Commodity News Service Canada Winnipeg, April 21 (CNS Canada) – Canadian farmers intend to seed fewer pea and lentil acres in 2017 compared to the previous year, according to Statistics Canada’s first acreage report of the year, but the area devoted to the two pulse crops should still be the second largest on record.


Pulses: Cdn pulse acreage intentions unclear ahead of report

By Commodity News Service Canada Winnipeg, April 19 (CNS Canada) – Trade opinions are divided over whether Canadian pulse acres will be up or down in 2017 after the record-large pea and lentil seedings recorded the previous year. Statistics Canada releases its first survey-based estimates for the 2017/18 crop year on Friday, April 21. Pre-report

Pulses: ‘Normal’ monsoon forecast for India

By Commodity News Service Canada Winnipeg, April 18 (CNS Canada) – India’s South-West Monsoon is expected to be ‘normal’ in 2017, according to the first official long-range forecast from the India Meteorological Department (IMD) on April 18. The South-West monsoon typically accounts for more than 70 per cent of the country’s annual precipitation, according to



Canola remains rangebound as new-crop outlook fuzzy

Canola remains rangebound as new-crop outlook fuzzy

Charts suggest U.S. soybeans are still pointed lower

ICE Futures Canada canola contracts fell to their lowest levels in more than six months on April 3, but bounced off those lows and were higher overall by the close on April 7. A bearish reaction to the U.S. Department of Agriculture’s prospective plantings and quarterly stocks reports sent soybeans in a tailspin lower, and