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(Dave Bedard photo)
Crops, Markets

StatsCan’s canola forecast deemed supportive

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CNS Canada — A summer of dryness and sizzling heat has apparently taken its toll on canola plants in many areas of Western Canada, according to the latest crop production estimate from Statistics Canada. In a survey compiled in the latter days of July and released Friday, Statistics Canada pegged canola production for 2018-19 at
Mike Jubinville (r) and Bruce Burnett at the Ag in Motion 2018 farm show. (Gord Gilmour photo)
Crops, Markets

ProFarmer Canada joins Glacier FarmMedia

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Glacier FarmMedia, Canada’s largest farm publisher and the operator of this website, has just boosted its long position in grain and oilseed market analysis. The Winnipeg company announced Tuesday it has acquired ProFarmer Canada, the marketing information service owned and operated by Mike Jubinville, whose analyses of Prairie crop commodity markets are well known to
(ImagineGolf/iStock/Getty Images)
Crops, Markets

Crude oil and canola part company, for now

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CNS Canada — The symbiotic relationship that crude oil and canola used to enjoy seems to have hit a snag. Chart structures have proven that crude prices have pushed and pulled canola up and down in recent years. However, since the start of 2018, the gains enjoyed by crude oil have failed to lift canola.
The Canada 150 emblem in a durum field. (Agr.gc.ca)
Crops, Markets

StatsCan’s model-based estimates confirm larger crops

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CNS Canada — Canadian canola and wheat production likely ended up larger than earlier estimates, according to computer model-based data released Tuesday by Statistics Canada. The model-based estimates are calculated by incorporating satellite data, agro-climate data, and Statistics Canada’s field crop reporting data. The numbers compare with the survey of farmers released Aug. 31. Total
wheat kernels
Crops, News

Canadian 2014-15 wheat exports exceed U.S. for first time in years

A repeat is forecast this year thanks to the low Canadian dollar, but Cam Dahl says it’s a trend not an anomaly

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Canada is exporting more wheat than the U.S. for the first time since Benny Goodman was topping the pop charts and Adolf Hitler was preparing for war. After decades of playing second fiddle to its southern neighbour, the low Canadian dollar and other factors have this country’s exports edging ahead as in what some industry
Low Canadian dollar advantage overrated: Jubinville
Crops, News

Low Canadian dollar advantage overrated: Jubinville

Canadian grain farmers are getting higher prices than their U.S. counterparts, 
but according to one analyst the best prices follow a strong dollar

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The low Canadian dollar relative to the American is seen as a competitive advantage for Canadian grain exporters since grain exports are priced in American dollars. But ProFarmer Canada president Mike Jubinville says the advantage needs to be put into perspective. “While the drop in Canada’s dollar makes Canadian grain more competitive, it’s a short-term
Mike Jubinville
News, Oilseeds

Canola prices entering sideways trend

The old highs have become the new lows

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Canola prices are tracking the overall trend towards lower commodity prices this year, but there is still room for some comfortable margins, a prominent market analyst says. Speaking at Farm Credit Canada’s Ag Outlook 2015 in Winnipeg, Mike Jubinville of ProFarmer Canada said that while the canola markets aren’t good, they’re not really bad either.

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