Canada Markets

Canada's pace of flax exports is well behind the previous year and the five-year average, although price has remained attractive relative to past years in recent weeks.

January's merchandise trade represents the first half of the crop year for all crops except for corn and soybeans. We look at select trade data as of January, focusing on crop data where monthly data is necessary for a more complete picture.

The Canadian grain industry faces a monumental task of recovering from the lost shipping faced in February, with costs continuing to grow while new sales are curtailed.

DTN's 360 Poll asks readers to share their thoughts on a number of timely topics affecting the ag industry. Here are the most recent results.

The new-crop November canola/December spring wheat spread is just one factor influencing seeding intentions while has been a less reliable indicator in recent years.

Oat futures have broke below long-term support on the continuous active chart, while futures spreads point to a bearish response from the commercial trade.

With 2019-20 ending stocks of wheat left steady, we look at the prospective change in wheat stocks for 2020-21 as seeded acres for wheat (excluding durum) varies along with yield.

: The Canadian dollar reached a 2020 low and its weakest trade since October on Wednesday. Investor sentiment has been waning over past weeks and could soon turn net-short Canadian dollar futures for the first time since mid-2019.

We look at how Saskatchewan Agriculture's return over variable costs changes for selected crops on the dark brown soil zone when we compare the 80th percentile target yields with the reported average yield by soil zone.

The January canola crush remained above average and ahead of the steady pace needed to reach current AAFC forecast for the year. Pressure on crush margins, along with Canada's transportation issues, may slow activity in the last half of the crop year.

Country stocks of grain have increased for the fourth straight week, while CN continues to cancel cars due to the ongoing blockades, which have spread to CP Rail at the end of the week. Stocks account for 90.4% of estimated working capacity with country space tight.

The daily May canola futures have formed a bullish flag pattern although Wednesday's trade tested the lower bounds of this pattern. Commercial traders are taking a cautious approach, with the May-over-July spread showing signs of strength while viewed as a neutral signal.

The Indian government's crop estimates point to a record foodgrain crop for 2019-20. This includes a well-above average pulse crop.

Canada's wheat export potential for 2019-20 continues to be trimmed in government forecasts while the historical pace of movement would indicate further cuts may be expected.

Daily rail data points to a decline in loads on wheels, an increase in idle cars and a growing number of cancelled cars, while a large number of grain vessels wait on the West Coast. The federal government seems content to watch from the sidelines.

Cash barley prices in Lethbridge are sliding lower with more moderate weather and bearish stocks estimates reported by Statistics Canada. Cash prices remain well above historical levels based on current carry-out projections.

The USDA estimated global production and global use of canola to be higher in this month's data release, with use growing faster than production. Estimated stocks for 2019-20 are the lowest seen in three years while the production side of the equation can be questioned.

This study looks at the relationship between new-crop canola futures and new-crop spring wheat futures early in the calendar year, along with the percent change in canola acres seeded the following spring.

The Canadian Grain Commission's week 26 statistics, covering the first half of the 2019-20 crop year, are used to project crop year exports based on the historical seasonal tendencies of Canada's export flow.

December 2020 spring wheat futures have sold off along with other grain contracts, while trading sideways after uncovering support.