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(Dave Bedard photo)
Crops, Markets

ICE weekly outlook: Canola futures wait on report

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CNS Canada — ICE Futures Canada canola traders may already be looking ahead to the release of Statistics Canada’s next production estimates, as lacklustre trading amid the holiday season leaves investors searching for direction. StatsCan is scheduled to release its final principal field crop report of the year on Dec. 6. The report is usually
A illegal marijuana grow operation in the RM of Rockwood, east of Balmoral, Man., in June 2017. (Photo courtesy Stonewall RCMP)
Crops

StatsCan to add marijuana economic impact to GDP data

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Ottawa | Reuters — As Canada gears up to legalize recreational marijuana, the country’s statistics agency said on Tuesday it will begin measuring the economic impact of the current illegal use and production of the drug and add it to growth data. Statistics Canada said it will begin tallying the production and sale of cannabis
Barley south of Ethelton, Sask. on Aug. 3, 2017. (Dave Bedard photo)
Crops, Markets

Feed barley market firms with weak production numbers

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CNS Canada — A 16.8 per cent drop in the size of Canada’s barley crop has given feed barley prices some support, according to an industry-watcher in Alberta. “The market is looking fairly strong,” said Allan Pirness of Market Place Commodities in Lethbridge. “It’s made things a little firmer for new-crop feed grain.” Wet weather
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
(Dave Bedard photo)
Crops, Markets

ICE weekly outlook: Canola rises, post-report

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CNS Canada — It was an eventful week for the ICE Futures Canada canola market as many in the trade were preparing for the release of Statistics Canada’s crop production report on Thursday. While the report is always taken lightly because it relies on month-old data, it still gives participants some sense of how the
Canola south of Ethelton, Sask. on Aug. 3, 2017. (Dave Bedard photo)
Crops, Markets

Year-ago Canadian canola crop revised higher

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CNS Canada — Canada’s 2016 canola crop has been revised higher in Statistics Canada’s first production estimates for 2017, released Thursday. StatsCan raised the 2016-17 production number from 18.4 million tonnes to 19.6 million, and pegged the 2017 crop at 18.2 million tonnes, which was somewhere in the middle of trade estimates. “I think there’s

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