ICE Futures November 2022 canola (candlesticks) with Bollinger bands (20,2). (Barchart)

ICE weekly outlook: Crush margins guiding canola demand

MarketsFarm — Enormous canola crush margins will lead to increased demand for the Canadian oilseed, according to MarketsFarm’s director of markets and weather Bruce Burnett. As of Tuesday, the nearby November-October margins were estimated at $215.51 per tonne, while the same position for November-October 2023 now stands at $124.48/tonne. This time last year their margins

File photo of a pea crop south of Ethelton, Sask. on Aug. 1, 2019. (Dave Bedard photo)

Pulse weekly outlook: StatCan shows big jump in pea, lentil production

MarketsFarm –– The Canadian pulse harvest appears to be making a comeback after production struggled with a historic drought in Western Canada last year. Statistics Canada (StatCan) released its July satellite image-based principal field crop production estimates on Monday, projecting sharp increases in production for most of Canada’s crops, including pulses. Canada’s dry pea harvest


(Dave Bedard photo)

Canadian crop production bounces back, StatCan reports

Wheat at higher end of trade projections

MarketsFarm — After 2021’s historic drought on the Prairies caused crop production to fall to historic lows, the 2022 harvest has mostly bounced back to pre-drought levels, according to Statistics Canada. StatCan on Monday released its July 2022 satellite image-based principal field crop production estimates, which confirmed analysts’ expectations that this year’s crop production would

(Dave Bedard photo)

Greater crop production estimated prior to StatCan report

Extended time lag between survey, data's release criticized

MarketsFarm — Analysts are expecting Canadian crop production totals for the 2022-23 marketing year to be substantially higher compared to drought-stricken 2021-22, but still not enough to fully replenish supplies. Statistics Canada (StatCan) will publish its first satellite image model-based yield and production estimates for principal field crops on Monday. Traders and analysts are interested


Delays in spring seeding on the eastern Prairies put this year’s canola crop behind the usual pace, making fall frost more of a concern.

Canola unlikely to see rebound

A new StatsCan crop report is due out next week

Ahead of the next principal field crop report from Statistics Canada, there’s some speculation that the 2022-23 canola crop could come in below 19 million tonnes. The thinking is some areas of the Prairies have received too much moisture, while other parts of the region didn’t get near enough. There was a suggestion that any

ICE November 2022 canola (candlesticks) with Bollinger bands (20,2) and 100-day moving average (green line). (Barchart)

ICE weekly outlook: Time gap too large in StatCan report

Canola's potential yields shrank in meantime

MarketsFarm — There has been about a one-month gap in between Statistics Canada having gathered its data for next week’s principal crops report and actually releasing the report. That’s something trader Ken Ball of PI Financial in Winnipeg finds irksome. “They’re using computer models of some kind. You would think they could get this out


Corn seedlings in southern Ontario in 2021. (Farmtario photo by John Greig)

StatCan trims Canadian corn, soy acreage estimates

Grain corn acreage still expected up from 2021 level

New Statistics Canada projections show the country’s grain corn and soybean growers have slightly curbed their enthusiasm for those crops compared to their intentions earlier in the year. StatCan on Tuesday released the results of its 2022 June field crop survey, conducted between May 13 and June 12, projecting Canadian corn area at 3.633 million

(Dave Bedard photo)

StatCan raises Canada’s canola plantings from earlier estimate

Farmers seen returning to 'steady Eddie' wheat

MarketsFarm –– Canadian canola plantings are projected to come in above earlier expectations but would still be well below what was seeded to the crop in 2021, according to updated acreage estimates from Statistics Canada released Tuesday. Meanwhile, wheat area in the country is forecast at its highest level in nearly a decade. After a