There appears to be very little credibility that will be given to Statistics Canada’s principal field crop report to be issued on Wednesday. The concerns among analysts and brokers include the timing of the report and the use of satellite imagery.
There is skepticism in the trade towards the latest numbers from Agriculture and Agri-Food Canada and those to come from Statistics Canada on Aug. 28, according to broker Ken Ball of Ventum Financial in Winnipeg.
Days before Statistics Canada presents its monthly principal field crop estimates, Agriculture and Agri-Food Canada (AAFC) released its estimates on Aug. 20, showing some changes to grains from the month before.
Performance Plants Inc. (PPI) is getting a multi-year federal funding boost through the AgriScience Program – Projects Component. Over four years, the agricultural biotechnology developer will receive $2,325,361 to develop a high-yielding, climate change-resistant soybean and enable field testing.
After heavy rainfall earlier this summer caused flooding in low-lying areas and washed out some pulse acres, Dale Risula said growers couldn’t wait for the heat to help crops develop. Now, the warmer and drier conditions are doing more harm than good.
The Canadian oilseed began to pull back on July 8 as it became caught up in a selloff in the global oilseed market. The November contract finished at C$658.20 per tonne on July 5, gaining more than C$31 on the week. However, by the close on July 10, that contract dropped to C$617.90.
Above-normal precipitation and cooler temperatures helped drought conditions improve across most of the Canadian Prairies in June, according to the latest drought monitor report from Agriculture and Agri-Food Canada showing conditions as of June 30.
Canadian wheat exports in both the current crop year and the upcoming 2024/25 marketing year will likely end up above earlier expectations, according to updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released June 20, that left the balance sheet for canola relatively unchanged.
Proposed amendments to Canada’s pest control product regulations (PCPR) will provide greater transparency while enhancing environmental protection, according to an announcement from Health Canada on June 17.