ICE November 2019 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Canola breaks out of week-long funk

MarketsFarm — It’s unclear yet what effect Thursday’s satellite field crop estimates from Statistics Canada will have on markets. Canola broke out of a six-day funk Wednesday, trending just slightly higher for the first time since Wednesday last week. Technical biases remain to the downside, as prices hover around contract lows. “There are a lot

Little to shake canola from being range-bound

Little to shake canola from being range-bound

Despite two reports over the last 10 days, there hasn’t been anything significant enough to shake canola from being range-bound. As the markets waited with breath held for the latest supply-and-demand report from the United States Department of Agriculture (USDA) released August 12, there was speculation the report would have a strong spillover effect on


(Doug Wilson photo courtesy ARS/USDA)

Large oat production won’t move prices

MarketsFarm — While the most recent crop production report from Statistics Canada predicted significantly more oats than originally expected, prices will likely remain stable. Statistics Canada estimated 3.952 million tonnes of oats will be grown in 2019, up considerably from the 3.436 million tonnes produced in 2018. But low carryover stocks from previous years means



(Dave Bedard photo)

StatsCan confirms smaller canola crop

MarketsFarm — Statistics Canada’s first production estimates for the 2019-20 crop, released Wednesday, were generally in line with expectations, although upward revisions are likely in subsequent reports. The agency’s production of principal field crops report was “bang on with expectations across the board,” according to Ken Ball of PI Financial in Winnipeg. While both the



(Dave Bedard photo)

StatsCan production report may show stronger yields

MarketsFarm — A challenging growing season across the Prairies has left questions in the market ahead of Statistics Canada’s production report, due out Wednesday. “It’s hard to get a handle on canola this year because, at this stage, the farmers are going to be a bit conservative and err on the side of caution,” said

(4loops/iStock/Getty Images)

Pulse weekly outlook: Field pea acreage increasing

MarketsFarm — Last week’s report from Statistics Canada estimated that some acreage in Canada’s canola belt will instead go to field peas in 2019. Approximately 4.3 million total acres will be dedicated to field peas, StatsCan said, marking a 300,000-acre increase from estimates earlier in the year, and up from the 3.6 million acres seeded



(Dave Bedard photo)

StatsCan: Less canola and durum, more barley and oats

MarketsFarm — Canadian farmers seeded fewer canola and durum acres than they originally intended, but more barley and oats, according to updated acreage estimates from Statistics Canada that largely came within expectations. StatsCan pegged planted Canadian canola area for 2019-20 (August to July) at 20.952 million acres, down by about 300,000 from the March survey