Canada Markets

This study looks at the new crop November soybean/December corn ratio calculated on the first day of December and its effect on Canada's final planted acres of the two crops in the following growing season.

DTN's 2019 Ag Summit was held on Dec.9-11 in Chicago. Here are just a few of the observations made at this year's event.

The Canadian Grain Commission's week 18 cumulative dry pea exports are reported 49.1% higher than this time last year. At the same time, Statistics Canada revised lower their estimate for production this month, setting the stage for a potential tight supply situation by...

According to USDA estimates, China is holding a growing share of global wheat stocks, or over 50% of total stocks, while announcing a minimum support price for 2020 that is unchanged from the current year and making this information available earlier than normal.

Statistics Canada released its November production estimates on Dec. 6, although harvest will continue into spring in many areas of the country, adding to uncertainty.

Statistics Canada reported Canada's overall exports up 0.8% in October, while the weakest export category was reported in the farm and fishing data, with exports down 12.6% and largely attributed to weakness in soybean movement. Here is a look at miscellaneous grain export...

DTN's most recent informal 360 poll asked readers the best way to address the CN strike given the detrimental effects on the ag industry. A majority, roughly 50% of the responses, indicating rail movement should be classed as an essential service and denied the right to...

March spring wheat may be slowly showing a bottoming chart formation, while diverging from the move lower realized in winter wheat trade on Dec. 3.

January canola traded over a narrow $2.90/metric ton range over four consecutive sessions, only to break below support on Dec. 2, following a move seen by competing global oilseed and vegetable oils.

Week 16 primary elevator stocks of all grains reached the highest level seen this crop year, although elevator space is viewed as favorable while CN Rail continues to catch up following the eight-day strike.

Statistics Canada farm cash receipt data tells a different story when cannabis sales are weeded out. No commodity data compares to the year-over-year increase in cannabis receipts of 421.9%.

Spring wheat basis is showing strength on both sides of the Canada-U.S. border.

While CN Rail and union members have reached a tentative agreement, with workers returning to work on Nov. 26 and 27, challenges remain with expectations that normal operations could be weeks away.

Statistics Canada reported the October canola crush at a record 882,301 metric tons, while the current pace of activity is well ahead of the paced needed to achieve current AAFC forecasts.

Week 15 canola exports were reported at 429,000 metric tons, the largest weekly volume shipped since week 14 of the 2017-18 crop year.

The Saskatchewan government summed up the province's harvest in its Final Crop Report as of Nov. 18, although an estimated 7% of the crop remains to be harvested with hopes of favourable weather ahead.

The December, March and May oat contracts reached contract highs on Nov. 20, while futures spreads point to a bullish inverse. A great deal may be riding on Statistics Canada's Dec. 6 production estimates.

After setting grain movement records in 2018-19 along with the month of October in 2019-20, CN Rail employees are on strike, adding to the list of challenges faced by producers this crop year.

January canola came within $0.90/metric ton of testing the upper-end of the sideways range traded over the past four weeks, while supportive buying interest may be seen on both the commercial and noncommercial side of the market.

Cash bids reported by the Saskatchewan government for wheat, durum and canola continue sideways, while producer deliveries remain at above average levels across the Prairies. In the case of canola, commercial stocks are well above average as of week 13.