Canada Markets

The December spring wheat contract has broken through resistance in recent days while breaking out of a range traded since December.

The Saskatchewan government's Crop Report shows a significant and growing percentage of the crop ahead of normal growth stages as of July 17, signaling the likelihood of an early harvest.

The December spring wheat contract has broken through resistance in recent days while breaking out of a range traded since December.

Commercial stocks of all principal field crops are reported at the lowest level seen in 10 years as of week 49.

The crop condition index calculated for most Saskatchewan crops slid lower over the past two weeks as dry conditions expand.

The USDA's July revisions saw a switch from a year-over-year increase in global wheat stocks to a drop in stocks forecast for a fourth year.

Despite the looming end of the current Black Sea deal that allows for exports of Ukrainian grain and products, European milling wheat is trading sideways.

Feed barley prices are moving higher, while interest is growing in U.S. corn.

This study looks at producer deliveries into licensed facilities as of week 48 for select crops, while comparing these volumes to the volume available for delivery based on Statistics Canada's official estimates.

Statistics Canada commentary points to waning wheat and canola exports being one factor leading to a shift to a deficit trade balance with the world in May. We look at today's May trade data as it applies to select crops and products.

The canola market has shown volatile trade this week with late-session activity leading to large moves. November closed above resistance on July 5 to reach a three-month high.

There has been a late crop-year increase seen in demand for cars for loading as well as terminal unloads, seen largely in movement of wheat, durum and canola.

Cumulative Canadian all-wheat exports of 22.586 mmt over the first 46 weeks may suggest that crop year exports are well on the way to meeting or exceeding the current AAFC export demand estimate for 2022-23.

The crop condition for almost all crops is reported to have slipped lower over the past two weeks, with cooler temperatures and precipitation needed.

Today's Statistics Canada acreage estimates include year-over-year drops in the area seeded to oats, flax, lentils and peas, while the largest shift was seen into canola acres, which increased close to 500,000 acres from 2022.

Statistics Canada's June 28 acreage estimates will be a test of a new methodology that saw the initial estimates based on surveys conducted months earlier than normal. This study looks at the tendencies for acres of select crops to be revised higher or lower on average over...

Canada's May canola crush was the smallest in nine months although the cumulative crush remains well ahead of the forecast pace.

November canola posted a modest $5.30/mt loss over the week in sideways trade. Noncommercial traders are seen taking a less-bearish approach to trade.

AAFC has revised its forecast for Canada's corn exports higher to a record volume above 2 mmt. Crop year exports tend to be heavily weighted to the final months of the crop year.

The U.S. spring wheat crop condition was revised 9 percentage points lower to 51% good-to-excellent for the week ending June 18, or the third lowest for this week over the past 20 years.