Canada Markets

Rainfall received over the past week across the province is viewed as favorable for crop development for almost all crops, given the government's most recent crop condition estimates.

Despite the crop condition estimate for U.S. spring wheat signaling concern for the crop, Portland basis remains steady.

Ahead of Statistics Canada's June acreage report, this study looks at the average change in seeded acres during the past five years for select crops.

Producers delivered the highest volume of wheat (excluding durum) seen over the crop year in week 44, while it continues to be shipped offshore at a rapid pace.

Palm oil futures showed weakness this week, breaching several technical support levels. Meanwhile, recent USDA data shows the global vegetable oil stocks/use ratio falling to its lowest level seen in 24 years in 2021-22.

According to USDA data, the year-over-year percentage change in canola/rapeseed demand has slowed over time. Recent years have seen this increase stabilize, although demand is forecast at a record level for a third straight year in 2021-22 and the challenge to produce...

The Canadian dollar has traded within an 80-basis point range since mid-May, with the upper end of the range posing a challenge at $0.83 CAD/USD. Today's Bank of Canada release may not be viewed as favourable for Canadian dollar bulls.

Each month we explore Statistics Canada's merchandise trade data as it relates to both exports and import data for various crops and products.

December HRS came within 5 cents of testing the 2017 high on the continuous December chart. There are reasons to be bullish, but the new crop contract finished lower to start the week.

This study looks at producer deliveries of select crops into licensed facilities as of week 43 as a percentage of the total volumes available for delivery.

Based on Saskatchewan Agriculture's first condition ratings of the year, the Crop Condition Index is calculated for select crops for comparison to past years.

Both old-crop and new-crop durum prices are pushing higher while global data shows lower prices in export markets.

Manitoba producers are close to being completed seeding as of June 1. The entire province faced a frost event in the past week although the damage could have been far more extensive.

Canada's two railways achieved their best performance of the year in week 42 in terms of the cars spotted in the week wanted, although demand for cars is on the decline.

Durum exports continue at a rapid pace, while 2020-21 crop estimates could be tested this crop year.

Grains turned higher Thursday with the November canola contract bouncing from support to print its largest one-day move higher in nearly two months.

India's government increased their forecast for pulse production for 2020-21, despite trade estimates indicating that production estimates have been overstated prior to the revision. Prairie pulse prices remain firm amid reports of fresh demand while some prairie bids extend...

Canada's April canola crush remained above 900,000 mt for the sixth time in seven months in April, while supplies are due to tighten over the balance of the crop year. Yet another new crush plant has been announced for the Prairies, with an increase of 5.7 mmt of prairie...

Canola cash markets and futures have been sliding since early May, but there are some price signals that bear watching.

AAFC's supply and demand revisions for the current crop year show stocks of principal field crops close to the tightest seen in Statistics Canada data going back to 1980, while a very small increase is forecast for 2021-22.