Canada Markets

The Canadian dollar has given up close to 1 cent against the USD in the past two sessions.

This monthly chart shows the rapeseed/canola spread closing at its largest spread on record over the month of July.

This study looks at Alberta Agriculture's initial crop yield estimate and how it relates to the final Statistics Canada estimate on average for select crops.

After pressure for producers and prairie farm groups, the Canadian Grain Commission has repealed their wheat grading changes set to be implemented on Aug. 1 that would have resulted in lower grades and prices for producers.

Statistics Canada reports the June canola crush up slightly from the previous month, while is nearing the crop year forecast set by AAFC.

Despite uncertainty surrounding canola's prairie production potential and export trade from Ukraine, bearish commercial signals are seen.

AAFC's July revisions has led to a year-over-year drop in forecast all-wheat stocks from 2021-22 to 2022-23 for the first time.

The December spring wheat contract has broken through resistance in recent days while breaking out of a range traded since December.

The Saskatchewan government's Crop Report shows a significant and growing percentage of the crop ahead of normal growth stages as of July 17, signaling the likelihood of an early harvest.

The December spring wheat contract has broken through resistance in recent days while breaking out of a range traded since December.

Commercial stocks of all principal field crops are reported at the lowest level seen in 10 years as of week 49.

The crop condition index calculated for most Saskatchewan crops slid lower over the past two weeks as dry conditions expand.

The USDA's July revisions saw a switch from a year-over-year increase in global wheat stocks to a drop in stocks forecast for a fourth year.

Despite the looming end of the current Black Sea deal that allows for exports of Ukrainian grain and products, European milling wheat is trading sideways.

Feed barley prices are moving higher, while interest is growing in U.S. corn.

This study looks at producer deliveries into licensed facilities as of week 48 for select crops, while comparing these volumes to the volume available for delivery based on Statistics Canada's official estimates.

Statistics Canada commentary points to waning wheat and canola exports being one factor leading to a shift to a deficit trade balance with the world in May. We look at today's May trade data as it applies to select crops and products.

The canola market has shown volatile trade this week with late-session activity leading to large moves. November closed above resistance on July 5 to reach a three-month high.

There has been a late crop-year increase seen in demand for cars for loading as well as terminal unloads, seen largely in movement of wheat, durum and canola.

Cumulative Canadian all-wheat exports of 22.586 mmt over the first 46 weeks may suggest that crop year exports are well on the way to meeting or exceeding the current AAFC export demand estimate for 2022-23.