Canada Markets

Here we look at the cumulative deliveries of select prairie crops into licensed facilities as of week 10 as a percentage of total estimated farm supplies, calculated by adding the July 31 farm stocks estimate with Statistics Canada latest production estimate.

Durum prices have pushed higher as harvest reaches an end, despite commercial stocks ballooning to levels above 1 million metric tons.

Dec. MGEX spring wheat broke above resistance on Oct. 15, with weather a major influence behind even greater moves in winter wheat trade.

We look at how canola futures and basis have acted this month as harvest nears an end. Across the nine regions of the Prairies, basis ranges from $7.47/mt stronger than average to $6.44/mt weaker than average, based on pdqinfo.ca price data as of Oct. 13.

We look at how various combinations of wheat acres and yield result in a year-over-year change in ending stocks, leaving demand fixed. Export movement remains at a brisk pace, however, and projects forward to volumes well-above current forecasts.

We look at positive signals in weekly Canadian Grain Commission data as of week 9 that signals a great start to the crop year and a signal of more positive news to follow.

Saskatchewan Agriculture revised provincial yield estimates in both directions, varied by crop. Today we compare the province's estimates along with the official estimates for the province and the five-year average released by Statistics Canada.

Canada's barley stocks for 2019-20 came in well-below earlier government estimates, while there are a number of factors that could lead to tighter stocks for 2020-21.

Each month, we look at Canada's trade in selected grains and products, as reported by Statistics Canada.

Spring wheat basis strengthened in Canadian dollar terms last week, with average prices at-or-near crop-year highs.

While the Canadian crop size is being debated for 2020, we look at the tendency of the official Statistics Canada estimates to be revised higher when final estimates are released in December.

As of Sept. 28, the pace of Saskatchewan harvest is well-ahead of average, while the fastest pace seen since 2012 according to government data, although a much smaller crop came off that year.

Spring wheat futures followed winter wheat higher on Wednesday although today's government data release was not bullish for spring wheat.

The durum harvest is nearing an end. Producer deliveries and commercial stocks are well-above average while exports start slow. Producer bids across the Prairies have bounced from harvest lows.

Statistics Canada found a smaller dry pea crop this month while at the same time AAFC is dialing in a higher export potential for the year. Based on current estimates, stocks will be tight by the end of the crop year. Saskatchewan bids for yellow peas are higher to start the...

The latest AAFC supply and demand estimates take into account the latest production and stocks estimates from Statistics Canada, with stocks of all grain forecast to rise by 1.2 million metric tons in 2020-21. There remains a number of factors, both supply and demand related...

The Saskatchewan harvest is nearing final stages and is well-ahead of the average pace. We look at the pace of harvest (percent harvested plus percent swathed or ready to straight combine) and compare this to the five-year average for this week. Of the crops selected, all...

The Canadian dollar has lost more than two cents or 200 basis points against the USD since Sept. 1. A period of seasonal strength is coming to an end, while the government's throne speech on Sept. 23 could play a role in shaping currency traders' opinions. Investors have been...

India's Ag Ministry has released estimates showing potential for the second-largest kharif pulse crop on record. The government has overestimated the kharif pulse crop over the past two years, while underestimating its size in the two years prior.

Australia is in the news selling durum to Italy early in the new year, while providing a challenge for Canada's exports.