Canada Markets

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.

Producer deliveries of grain into the licensed handling system over the first six weeks of 2020-21 are seen at a record pace.

Over the past seven years, the continuous active canola chart shows that canola prices have not spent much time in the $530 per metric ton to $540/mt range, the next challenge for this market.

December spring wheat futures closed higher for the first time in nine days on Wednesday. Spring wheat futures are viewed as historically inexpensive, while nearing a period of its seasonal low. Chart support levels may also be playing a role.

As of week five, the largest grain shippers on the prairies have ordered 42,909 hopper cars for loading, up 33.9% from last crop year, while the railways have spotted 94% of the cars wanted.

The USDA revised its forecast for China's wheat imports for 2020-21 to 7 million metric tons, which would be the highest volume of imports since 1995-96. China has been Canada's top wheat destination in three of the past four months, as of Statistics Canada July data.

Saskatchewan Agriculture released provincial yield estimates as of Sept. 7 which we compare to Statistics Canada's model-based estimates based on July data. Today's estimates may have significant implications for the canola and durum crops.

Despite concerns surrounding the canola crop's potential, basis has shown recent weakness and is much weaker than seen a year ago.

The November canola futures reached a fresh contract high on Tuesday and more than a two-year high on the continuous active chart. Market signals downplay concerns of the Sept. 8 historic frost event across the central Prairies.

Statistics Canada released its final Field Crop Report for 2019-20 on Sept. 4, grains stocks as of July 31. We look at this data, what it signals in terms of recent demand and how it contributes to supplies for the crop year ahead.

Statistics Canada's July merchandise trade data represents the last month for all Canadian grain exports for the 2019-20 crop year, except for corn and soybeans. Each month we look at statistics for miscellaneous crops and products.

The November canola contract trade has led to mixed results in the month of September over the past 10 years, although this week's move has breached the important $500/mt level which has acted as support in the past two sessions. The on-balance volume momentum indicator is...

While Statistics Canada reported a big Canadian durum crop is on the way, close to 2 million metric tons higher than 2019, pdqinfo.ca followed by reporting the first price increase in five days. Weekly European Union data shows Canadian durum being imported at a favorable...