Canada Markets

Week 5 primary elevator stocks are at the lowest level in data checked over a 10-year period.

There are signals that point to growing concern about the delayed durum harvest on the Prairies and northern states, both in terms of the early start to exports and as well as cash bids. This year bears a resemblance to 2014 when prices moved sharply higher.

Projections of 2019-20 exports for selected crops are formed based on the five-year average pace of movement as of week 5. Given the rapid start in movement for both durum and canola, projections for the crop year exceed current government estimates. A number of other...

Statistics Canada revised higher its estimates for both corn and soybean production for 2019, with the estimate for corn approaching the volume of the largest crop every produced in 2013. The past four years has resulted in varying results when the final estimates are...

Using Statistics Canada model-based production estimates, while added to the agency's July 31 stocks and AAFC's estimates for imports, we compare grain supplies for selected grains for the 2019-20 crop year.

U.S. oat futures broke out higher on Wednesday despite weakness across the grains, with signs of support from the commercial and noncommercial side of the trade. The U.S. has budgeted to import more oats in 2019-20, while Canadian stocks are tight and harvest activity...

For the second time this week, November canola neared its contract low but found support. Noncommercial traders already hold a bearish net-short futures position but that has failed to sway their sentiment. Ahead of the Sept. 12 Statistics Canada model-based production...

The spot Canadian dollar closed higher for the third time in four sessions but stalled at technical resistance and failed to sustain a move above $0.76 CAD/USD on Monday.

Canadian stocks of major grains fell 1.9% year over year as of July 31, with increases in canola stocks and durum stocks close to offsetting the losses across the other grains.

Saskatchewan's government has estimated that 11% of the province's crop is off, well behind the five- and 10-year average pace, while the harvest of the largest spring wheat and canola crops are just getting started.

Statistics Canada noted a drop in wheat exports in July, leading to an overall drop in merchandise trade data for agriculture products overall. The following is a look at miscellaneous trade data as it applies to selected crops and products.

Given the timing and methodology differences seen in Alberta's crop yield estimates released by the province's government as well as Statistics Canada, we look at the current grade spreads for selected crops as well as the five-year differential between the two sources of...

This week's weakness in spring wheat futures resulted in the first close below $5 on the continuous active chart seen since the fall of 2016. Further downside will soon lead to a potential test of a range of support with $4.77/bushel on the lower end, a low last reached in the...

Statistics Canada's crop production estimates released on Aug. 28 will be followed by a release of model-based estimates on Sept. 12. On average, final December estimates are higher than both of the previously released estimates on average, although the gap between the...

Statistics Canada estimates production of all-wheat, canola, corn and soybeans to fall from the previous year, although spring wheat production is forecast to rise.

On average over the past five and 10 years, futures prices for canola, oats and spring wheat have moved very little on the day of Statistics Canada's first production estimates released in August.

While November canola remains in the range traded over the past eight weeks, it closed below its 20-day moving average for the first time in 15 sessions on Monday and closed at its lowest level in 14 sessions.

European demand for Canadian canola will be seen as a blessing for the canola industry as a whole and may prevent a further build in stocks. When the continuous active rapeseed price is compared to the continuous active canola price, in Canadian dollar terms, one could perhaps...

As of Aug. 19, an estimated 2% of Saskatchewan's crop is estimated as harvested, which is behind average but compares to the progress reported in two of the past five years.

Milling wheat futures in Europe are facing pressure, with the December contract on the verge of testing 2019 lows despite a weaker currency trade that could lead to further downside movement ahead.