Canadian canola production in the 2012-13 crop year was smaller than most industry participants had been anticipating and will result in an "astoundingly" tight ending stocks situation, industry officials said in reaction to Statistics Canada’s production survey released Wednesday. Many thought the government agency would raise its canola production forecast from the October estimate, "but […] Read more
StatsCan survey finds canola supplies remain tight
Jury out on StatsCan canola production estimate
The jury is still out on whether the last Canadian production survey of 2012 will reveal smaller or larger canola supplies than what the early October report did, based on feedback from the industry. The report, scheduled to be released by Statistics Canada on Wednesday, will finalize Canada’s 2012 grain and oilseed production. The main […] Read more
Ont. winter wheat crop seen off to good start
The area planted to winter wheat in Ontario was significantly higher in 2012 than in 2011, according to an official with the province’s agriculture ministry. "Favourable weather, and the early completion of the soybean and corn harvest in Ontario, allowed producers to get in the fields early," said Peter Johnson, the province’s cereal crop specialist […] Read more
Demand for Prairie mustard improves
A pickup in export demand and a tightening supply outlook have resulted in some improvement in values paid for yellow mustard in Western Canada — but prices will need to increase substantially if end-users want farmers to consider growing the crop next spring. "We’ve seen a small jump in the bids for yellow mustard as […] Read more
ICE remains optimistic on Prairie wheat, durum, barley
Milling wheat, durum and barley futures contracts on the ICE Futures Canada trading platform have failed to attract any kind of significant trading interest but officials with the exchange remain optimistic that the contracts will become viable risk management tools. Activity in the milling wheat, durum and barley contracts on the Winnipeg-based exchange’s platform has […] Read more
Canola export outlook changes amid production shortfall
Canadian canola exports during the 2012-13 crop year were expected to come in at a record-high level — but smaller-than-anticipated production is now predicted to dim those prospects. Agriculture and Agri-Food Canada, in its September supply/demand outlook, had forecast Canada’s 2012-13 canola export program to come in at a record 8.701 million tonnes, with Japan, […] Read more
Prairie winter wheat crop off to fairly good start
The early harvest of grain and oilseed crops in Western Canada allowed for increased seeding of winter wheat and for the crop to get off to a good start, according to industry participants. "The opportunity to increase the seeded area to winter wheat on the Canadian Prairies was there this fall," said Bruce Burnett, a […] Read more
Yields seen disappointing as Alta. harvest continues
Harvest activities in Alberta have been moving forward at a quick pace, but yields to date have been disappointing, according to a provincial crop specialist. The harvest of barley in Alberta was said to be roughly 70 per cent done, pulses 80-90 per cent complete, wheat about 10 per cent finished and canola in the […] Read more
StatsCan sees tight canola stocks, new-crop demand threatened
Canola supplies on-farm and in commercial position at the end of 2011-12 are seen as being on the "extremely tight" side — and market watchers say that will make it more difficult for exporters and domestic processors to meet targets moving forward. The canola ending stocks figure, in data released Friday by Statistics Canada for […] Read more
StatsCan expected to confirm tight canola stocks
Statistics Canada will release its grain and oilseed stocks in all positions report on Friday, which will help finalize supply/demand tables for crops produced during 2011-12. Market participants will be looking to see if there have been any adjustments to production by the government agency, and how tight canola stocks have become. "The important numbers […] Read more
Canadian Cattlemen Presents: Depth of Field
