Canada Markets

AAFC's forecasts point to canola stocks growing in both 2018-19 and 2019-20, while both lentils and corn are forecast to see stocks fall in both years. Here is a look at stocks over the two crop years for various crops.

In recent days, November canola has reached a fresh low in its sideways trading pattern, while also falling short of testing the highs reached over this period. CFTC data shows commercial traders holding a record net-long position while noncommercial traders hold a record...

Cool conditions across Alberta along with continued dry conditions across the province have slowed crop development in July, although the crop condition has stabilized in recent weeks with most crops rated close to where they were a year ago.

The trend in the crop condition index for most Saskatchewan crops so far this season points to improvements in condition, although almost all crops are rated lower than this time in 2018.

Southwestern Saskatchewan's canola basis is narrowing or strengthening, but has been easily offset by a move lower in futures, resulting in a weaker cash price. This trend could present an opportunity to lock in a more favorable basis for new-crop delivery.

We look at the precipitation received for various prairie locations in the May-through-July period for 2019 as compared to 2018 as well as the three-year average.

Prairie producers have delivered far more wheat and less canola over the course of the 2018-19 crop year, but there are significant signs of wheat movement slowing.

Cash bids for corn in Ontario are seen above $6 CAD, the highest levels reached in six years. Weather will play a role moving forward, while both the U.S. and Canadian governments will report downward revisions in estimated seeded acres in the month of August.

Wheat prices shot higher when the USDA lowered its estimates for global stocks. Global stocks are still reported at a record level for 2019-20, while stocks of U.S. spring wheat and durum are forecast to grow year-over-year.

November canola has moved two steps forward and one step back this week as the market attempts to recover from last week's contract low.

A USDA attache report points to an expected increase in China's soybean production in 2019-20 along with a further decline in imports. Canada's year-to-date exports to China have sky-rocketed year-over-year, although this was achieved in movement prior to 2019. Competition in...

CFTC data as of July 2 shows noncommercial traders moving to a bullish net-long position in the Canadian dollar as of July 2 data, the first bullish position held since March 2018. At the same time, uncertainty has this group on edge, with the loonie failing to sustain fresh...

According to government data, Alberta crops have responded favorably to recent rainfall, with the good-to-excellent condition rating increasing over the past two weeks for most crops, although durum is an exception and is showing further deterioration.

Canada's ag exports played a contributing role towards a trade surplus reached in Canada for the month of May. Here we look at miscellaneous trade data for Canadian crops and products.

Canola exports to China continue to fall behind, with one report of Canadian canola stuck on a vessel in the East China Sea, pending approval for unload. Industry officials have been clear that the lost demand will be difficult to replace, which is supported by the CGC's export...

Both commercial and noncommercial traders are showing bearish tendencies in their trade of new-crop spring wheat futures, which Tuesday's trade resulted in a successful test of a 67% retracement line. USDA's ratings are having little effect on traders, while summer weather will...

Canada's area seeded to spring wheat, durum and winter wheat was below expectations. While the smallest of the three crops, the winter wheat area saw the largest percentage decline due to abandonment in Ontario.

Statistics Canada released its June preliminary estimates of Canada's seeded acres on June 26. We look at these estimates, compared to pre-report estimates along with implications for 2019-20 stocks.

Ahead of this week's Statistics Canada seeded acre estimates, with pre-report estimates indicating that the area seeded to canola will be pared from the March estimate, noncommercial selling is weighing heavily on new-crop futures.

Here we look at the trend in revisions made between the June preliminary estimates of seeded acres for select crops and the final December estimates, based on 2018 data and the five-year average. Ahead of the June 26 report, we also look at some of the largest potential...