Canada Markets

Each month we look at Statistics Canada's official trade data as if applies to select grains and products, with October data available on Dec. 7.

This study looks at the volume of select grains delivered into licensed facilities as a percentage of forecast supplies available for delivery based on government reporting.

Statistics Canada reduced the size of the Prairies' crop in the Dec. 3 production estimates, while Ontario achieved record row crop yields.

The spot Canadian dollar reached a fresh low in its short-term down trend on Thursday, while is nearing a range of support last tested in August/September.

Cash prices for No. 1 CWRS 13.5% as reported by pdqinfo.ca corrected lower from the recent crop year highs reached, although bounced higher on Dec. 1.

Canola futures were caught in a global sell-off experienced across many markets on Tuesday, while continue to show signs of resilience. Noncommercial traders have increased the size of their bullish net-long position for 17 consecutive weeks, which was a contributing factor as...

The Australian government revised its forecast for the country's wheat production higher to a record 34.4 mmt.

Canada's October canola crush was the highest achieved in six months, while the cumulative pace of activity early in the crop year is well ahead of the current forecast pace.

Rail movement has begun through the mountains, with the number of idle cars falling on Nov. 23 for the first time since the extreme weather event. A return to normalized movement will take time, while the lower mainland of British Columbia is forecast to received large amounts of...

Spring wheat futures are seen consolidating in sideways trade while winter wheat is reaching fresh contract highs.

The government's November supply and demand tables show a significant lower revision in the expected forecast for canola exports along with a similar upward revision in expected crush.

Canada's pace of wheat exports are on track to achieve the current government export forecast, which is also forecast to lead to the tightest carryout on record based on current estimates.

Daily statistics for the Port of Vancouver shows the number of grain cars on hand dipping to 122 cars as of Nov. 16, with no arrivals for two consecutive days.

Despite a significantly smaller durum crop, commercial stocks are higher than average.

Canola deliveries as of week 14 have been brisk when the estimated crop size is considered. Close to an estimated 40% of available supplies has been delivered in the first 27% of the crop year.

Spring wheat fundamentals remain bullish but both fundamental data and chart activity should be considered and may be a signal to sell.

While producer deliveries and shipments of all grain from primary elevators are down from average levels, Alberta statistics show higher-than-average movement.

This month's USDA estimates included a lower revision in Canada's canola export potential and an upward revision in forecast domestic disappearance. These revised estimates are compared to the latest AAFC forecasts as well as the actual demand realized in 2020-21.

December spring wheat is testing support between $10 and $10.05/bushel, while traders show caution ahead of the November WASDE report.

Statistics Canada released September merchandise trade data on Nov. 5. Each month we look at official trade for select crops and crop products.