Canada Markets

Week 33 canola exports were reported higher than the same week in 2018-19 for the first time since week 12. Terminal unloads are seen at an elevated pace, while the Thunder Bay shipping season has opened for the year.

A media piece focuses on the challenges of moving durum through the supply chain to a United Kingdom grocery store, while pointing to a run-up in global prices.

Business confidence signals seen in the Canadian Federation of Independent Business Barometer sank lower at an unprecedented rate in March. Agriculture data corrected lower along with the 12 other business sectors monitored.

Producer deliveries into the licensed handling system as of week 32 are higher than average for most grains, while the elevator system remains congested.

Both spring wheat and durum prices are pointed higher as futures rally while the Canadian dollar tanks.

This month, AAFC reduced its forecasts for exports of wheat, canola and corn for 2019-20. We look at these revisions, while comparing to the historical pace of movement.

Cash soybean markets in Ontario have shown signs of life this week, with a combination of higher futures and narrowing basis driving bids higher.

The spot Canadian dollar fell just short of testing the low reached in January 2016 on Wednesday, while could be destined for 18-year lows along with crude oil as investor selling continues to weigh on prices.

European rapeseed for May delivery reached its weakest trade in almost five years on Monday while showing signs of stabilizing on Tuesday. Six breakaway chart gaps have been formed since the contract's February high.

Cash bids for spring wheat on the Prairies have been sheltered from losses in the market as Canada's currency has been battered at the same time.

The current pace of durum exports is ahead of the most recent pace forecast by the government, while the seasonal trend in exports would project to an even higher potential for this crop year.

The nearby May contract reached a contract low in Thursday's trade, while closed below trend line support.

The three-year average of the percent change in forecast seeded acres for select crops released by AAFC in January is compared to the three-year average of the percent change found in official Statistics Canada data.

USDA estimates point to tightening global stocks of canola/rapeseed in 2019-20, while global use is estimated at the lowest volume in six years. There are some inconsistencies in estimates between the USDA and AAFC, which bears watching.

Canada's pace of flax exports is well behind the previous year and the five-year average, although price has remained attractive relative to past years in recent weeks.

January's merchandise trade represents the first half of the crop year for all crops except for corn and soybeans. We look at select trade data as of January, focusing on crop data where monthly data is necessary for a more complete picture.

The Canadian grain industry faces a monumental task of recovering from the lost shipping faced in February, with costs continuing to grow while new sales are curtailed.

DTN's 360 Poll asks readers to share their thoughts on a number of timely topics affecting the ag industry. Here are the most recent results.

The new-crop November canola/December spring wheat spread is just one factor influencing seeding intentions while has been a less reliable indicator in recent years.

Oat futures have broke below long-term support on the continuous active chart, while futures spreads point to a bearish response from the commercial trade.