Canada Markets

Statistics Canada reports a record monthly volume of canola crushed in October while the Canadian Canola Board Margin Index continues to support an active crush.

For some of Canada's largest crops, AAFC's Nov. demand estimates were not revised to reflect the current pace of exports during the first 15 weeks of the crop year.

We look at three known quantities, crop exports, reported domestic use and commercial stocks, as of week 15, while comparing the sum of these volumes as a percentage of crop year supplies. This calculated percentage for major crops is higher than calculated for 2019-20 and...

December spring wheat broke through a couple of levels of potential support on Nov. 19, closing at its lowest level in more than one month. The spring wheat forward curve shows carry in this market through March 2022.

The November 2021 canola future continues to reach fresh contract highs. October delivery canola is reported by pdqinfo.ca at over $11/bushel across all three provinces. The old-crop/new-crop inverse continues to strengthen and is significantly stronger than average for this...

Some Ontario cash soybean bids have topped $15/bushel, price levels last seen in mid-2014. Bullish signals remain.

While the January canola contract reached a fresh contract high last week, basis across many areas of the Prairies is seen weaker than the three-year average, according to pdqinfor.ca data.

Canada's barley exports are well-ahead of past years, due to a drop in exportable supplies from Ukraine and China's trade tensions with Australia. Despite this trend, both AAFC and the USDA estimate Canada's exports at a volume similar to last year.

The Dec. HRS/Dec HRW futures spread is close to the weakest seen in five years, with lower quality protein wheat in higher demand.

Today's USDA soybean data will have a bullish effect on global oilseed markets. January canola reached a fresh contract high and its highest trade in more than seven years in Tuesday's session.

Rapeseed oil FOB Rotterdam gained $43.50 USD last week and closed higher again in Nov 9 trade, reaching its highest level traded in more than six years. Canada's share of EU canola/rapeseed imports increased during the past week.

Canola is being exported at a record pace. Producers delivered a higher volume of seed in week 13 than the previous week, while favorable selling opportunities continue. Market watchers will focus on the Nov. WASDE report next week, while Statistics Canada's Dec. 3 production...

Each week we ask readers their opinions on various issues as they appear in the industry. Here is a summary of some of the latest results.

Each month, we look at Statistics Canada's reported Canadian exports for miscellaneous crops and products.

Spring wheat futures have traded sideways, bound by the resistance of the contract's 20-day moving average and support at a 50% retracement line. Noncommercial traders hold a bullish spring wheat position, as they do across all major grains.

China has refused Australia's appeal over its punitive import tariffs on Australian barley, while Canada's exports are well-ahead of average. Southern Alberta feed prices are shooting higher.

AAFC took a cautious approach to its soybean forecast in October. Canadian exports reported for the week ending Oct. 25 were reported at 326,400 metric tons, the largest volume shipped in 99 shipping weeks or since the week ending Nov. 25, 2018.

The Canadian dollar has weakened against the USD this week, breaching chart support while nearing the lower end of a range traded over two months. An RBC study shows the loonie less tied to the fortunes of commodities, while highly correlated to moves in global equity...

January canola made a limit move lower in overnight trade but recovered to close down $8.40/metric ton. Large speculative long positions have added to the volatility in the grains today.

Canada's canola crush dipped in September, which is normal, but the volume processed is still the largest for the month of September. While AAFC has forecast exports to remain steady with 2019-20 volumes, they currently forecast a year-over-year drop in canola volumes...