Canada Markets

The USDA estimates that the EU's biodiesel consumption rose to a record in 2021, while poised to remain flat in 2022. The use of rapeseed oil is to increase slightly in 2022, while its significance in the blend of feedstocks has waned over time.

Alberta's Crop Report as of July 12 shows the crop condition close to unchanged from two weeks earlier.

The Canadian dollar closed lower for a second straight week, while was able to uncover what may prove to be solid support.

The Saskatchewan government's crop condition ratings is used to create a crop condition index, with this index as of July 11 well above the same week in 2021 and also above average for this week.

The July WASDE report includes estimates that show a rebound in U.S. HRS production and imports while facing higher demand, leading to ending stocks forecast to reach the lowest in 15 years.

Supply and demand estimates for crops are a challenge early in the season, with the crop far from in the bin. Today's USDA WASDE estimates can be viewed as attractive for Canadian wheat if realized.

Demand for shipping grain normally tapers in the latter weeks of the crop year, although there are signs that this year could be different.

December spring wheat closed higher for the first time in four weeks, while we look to technical signs of a potential change in trend.

This study looks at export and import data for select crops and products for the month of May.

Statistics Canada revised their forecast for Canada's seeded acres on July 5, which saw wheat acres reach their highest level in nine years while canola acres are down from a year ago.

Crop development in Saskatchewan remains at a moderated pace after a slow start this spring.

While grain movement is expected to slow over the balance of the crop year as supplies tighten, the Ag Transport Coalition reports June 28 loads on wheels at the highest level seen in over two months.

New-crop European September milling wheat for its first higher close in eight sessions, holding above support, while the Sept/Dec spread strengthened this session and remains inverted.

November canola has bounced from retracement support to post sizeable gains over the past two sessions, paring losses realized over seven consecutive losing sessions.

Despite forecasts pointing to tight ending stocks of many grains by the end of the crop year, or July 31, terminal stocks of grain rose in week 46 and remain relatively close to the average for this week.

Spring wheat for September delivery has broken various levels of chart support on June 23, while supportive fundamental data remains.

Statistics Canada reports food inflation as the area where they are most affected by rising prices. It is hard to see how current government policy can address rising food costs.

A combination of increasing corn imports and decreasing wheat exports are leading to sharp upward revisions in Canada's domestic disappearance of grain in feed channels.

While U.S. markets were closed on June 20, November canola closed sharply lower in active trade.

Weekly producer deliveries have climbed for four consecutive weeks as prairie bids nudge higher.