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ICE May 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Canola still finding support

U.S. acreage estimates could sway futures

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MarketsFarm — The ICE Futures canola market saw some wide price swings over the week ended Wednesday, dropping by more than $50 per tonne off its contract highs in the nearby May contract before recovering to trade just a few dollars off of those levels once again. Tight canola supplies, strength in world vegetable oil
During the pandemic, a good number of younger Canadians have left cities for the suburbs, or in some cases, the countryside.
Comment, Op/Ed, Other

Comment: The end of cities?

The work-from-home revolution could lead to a rural renaissance

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It is no secret the pandemic has caused many Canadians to move from cities to the suburbs and even the countryside. According to Statistics Canada, the phenomenon led to a record loss of population in Toronto, Montreal, and Vancouver in 2020. Vacancy rates are skyrocketing in many urban centres across the country. The same phenomenon
(Dave Bedard photo)
Crops, Markets

StatsCan confirms canola stocks tightening

Wheat stocks also down from previous year-end

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MarketsFarm — Solid demand from exporters and domestic crushers continues to eat rapidly through Canada’s canola stocks, which as of Dec. 31 were down nearly 24 per cent from the same date a year earlier, according to new data released Friday from Statistics Canada. The government agency pegged total canola stocks in the country as
Adulterated honey imports to North America disadvantage local honey producers.
Farmit Manitoba, Other

Smoking out Canadian honey fraud

The CFIA found less adulterated honey in 2019-20, although beekeepers say those numbers only encompass a part of their market reality

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[UPDATED: Dec. 21, 2020] The newest numbers are in on Canadian honey fraud, although beekeepers say they don’t fully capture the reality of the sector. The most recent bout of official testing did see less honey fraud compared to similar surveillance the year before, according to the Canadian Food Inspection Agency (CFIA). In a report
(File photo)
Crops, Markets

Feed weekly outlook: Export demand supports prices

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MarketsFarm — Feed grain prices remain strong into the winter, due to steady feedlot demand and solid export activity. Brandon Motz of CorNine Commodities at Lacombe, Alta. said feedlots have freed up some pen space after COVID-19 shutdowns created backlogs, but demand remained steady. “There’s more pen space in southern Alberta, compared to other years,”
CBOT January 2021 soybeans (candlesticks) with 20-day moving average (green line) and CBOT January 2021 soyoil (black line). (Barchart)
Crops, Markets

U.S. grains: Soybeans up one per cent as soyoil climbs

Corn up; wheat declines on global supply outlooks

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Chicago | Reuters — U.S. soybean futures rose about one per cent on Thursday, rallying on bargain buying after a two-week low set a day earlier and on uncertainty about South American crop prospects, traders said. Soybeans also drew support from strength in soybean oil futures, which advanced about two per cent on news of
Canola south of Ethelton, Sask. on Aug. 3, 2017. (Dave Bedard photo)
Crops, Markets

Canada’s canola harvest smallest in five years

Wheat crop a bin-buster, StatsCan report finds

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Winnipeg | Reuters — Canadian farmers produced the smallest canola crop in five years, but the largest wheat output since 2013, Statistics Canada said in its final harvest estimate of the year. Canola production looked set to reach 18.7 million tonnes, down 4.5 per cent from last year and below trade expectations. It was a
(Dave Bedard photo)
Crops, Markets, Weather

StatsCan report to provide clarity on 2020 crop production

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MarketsFarm — Market participants and producers will be looking to Statistics Canada’s principal field crop report, due out Thursday, for clarity regarding 2020 crop yields. “We’re looking to see how severely the heat damaged the crop, and how yield estimates were tempered later in the growing season,” said Jerry Klassen, an analyst in Winnipeg. Klassen

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