Canada Markets

Statistics Canada reports all-wheat acres rising to the highest area since 2001, while canola acres are forecast up only slightly from 2022. Here is a summary of today's report.

A significant move in the new-crop November contract is not common following Statistics Canada's first acreage estimates of the season, although one only has to look back one year for the last time this happened.

This month's AAFC forecast includes a higher revision for wheat exports in 2022-23 and a lower revision for canola exports.

Ahead of Statistics Canada's 2023 planting intentions, to be released on April 26, canola basis has shown strength since Jan. 1 and over the past week across most of the nine prairie regions monitored by pdqinfo. This week's strength was also accompanied by a higher close for...

The November canola has faced sharp losses during two sessions but still remains poised to close higher over the week after four sessions of trade.

The spot Canadian dollar weekly chart is showing lower highs and lower lows as two successive rallies have failed to lead to test previous highs.

After closing lower for seven of eight consecutive sessions, the December hard red spring wheat contract has close higher for three consecutive sessions and testing resistance.

Today's blog looks at the historical change in the seeded acre forecast for select crops from the unofficial estimates released on January to the March intentions report, along with the change in forecast from the March report to the final acres reported in Statistics Canada...

Recent weakness in canola futures has been accompanied by weakness in the track basis reported by the ICE Exchange.

Today's AMIS Market Monitor release shows both AMIS and the IGC forecasting a year-over-year increase in global wheat stocks for 2022-23, while the USDA's March forecast includes a drop in stocks.

Statistics Canada released February merchandise trade data on April 5, while this study looks at the month's activity for select crops and products.

While the USDA has estimated hard red spring wheat acres to fall to the lowest in decades, early unofficial forecasts from Canada's government shows an increase in acres offsetting acres lost in the U.S. forecast.

Canola oil as a feedstock for U.S. biofuel production is showing significant growth from year to year and month to month, while we are in early stages of planned expansion.

Weekly wheat exports (excluding durum), have exceeded the weekly volume needed to reach the current AAFC export forecast for 2022-23 for five consecutive weeks.

Large green lentils and red lentils reached a crop year high over the week ending March 29.

This study looks at the daily move in the July and November canola contracts following the release of the USDA's March Quarterly Stocks report and Prospective Planting reports during the past 15 years.

Ahead of this week's USDA reports, new-crop MGEX spring wheat futures are seen moving above resistance.

Statistics Canada reported the February canola crush at a volume that was the lowest reported in five months, despite wide crush margins, while the cumulative pace is ahead of the pace needed to reach the current AAFC demand forecast.

This study looks at cumulative licensed exports for select crops as of week 33, while projects crop year exports based on the historical pace of movement.

Soybean oil for May delivery has faced a sharp drop this week, breaching potential support levels.