Canada Markets

Manitoba producers continue to face weather challenges, with the week ahead showing a potential for more unwelcome precipitation. Three of five regions of the province have seen well-above normal precipitation since May 1, while precipitation varies widely from the northwest of...

The daily spring wheat chart shows consolidation within a symmetrical triangle pattern, which has some measurement abilities based on technical analysis theory.

Limited harvest progress was made on the Prairies during the past week. This study looks at the estimated outstanding acres when weekly provincial government estimates of progress are used in conjunction with Statistics Canada's harvested acre estimates.

Oct. 10 USDA estimates point to tightening global stocks of canola and the tightest global balance sheet seen in three years.

Cash soybeans are reported largely in the $11.50/bushel to $12/bushel range in Ontario, with strengthening futures and basis behind the move. August exports were reported well-above recent years.

Spring wheat for December delivery has shown some positive chart signals, although remains within a range traded since Sept. 20.

Statistics Canada's August exports cover activity for the last month of the crop year for corn and soybeans and the first month of the crop year for all other crops. Here we look at miscellaneous trade data for Canadian crops and products.

Statistics Canada's updated National supply and disposition of major grains report included estimates for Aug. 31 stocks of corn and soybeans, with corn stocks falling for a second year and soybean stocks seen increasing.

The Saskatchewan harvest is estimated at 47% complete, the slowest pace of progress since the same week in 2010. Weeks of warm, dry weather are needed.

The Canadian dollar reached a three-week low in Wednesday's trade, while historical data shows the Canadian dollar typically weakens against the U.S. dollar during October as well as during the October-through-December period.

The MGEX spring wheat chart for December delivery flashed a bullish signal on its long-term monthly chart in September, while there are signs of a sudden strengthening of spring wheat basis in the Pacific Northwest that bears watching.

November canola followed soybeans higher on Monday, also supported by unfavorable Prairie weather, although failed at nearby resistance while continuing to hold within its recent range.

The December hard red spring wheat contract has reached a higher high for seven consecutive sessions, while is testing resistance, with support from the commercial and noncommercial sides of the market.

Saskatchewan harvest progress inched forward over the past week, with overall progress pointing to the slowest pace since 2014.

Week 5 primary elevator stocks are at the lowest level in data checked over a 10-year period.

There are signals that point to growing concern about the delayed durum harvest on the Prairies and northern states, both in terms of the early start to exports and as well as cash bids. This year bears a resemblance to 2014 when prices moved sharply higher.

Projections of 2019-20 exports for selected crops are formed based on the five-year average pace of movement as of week 5. Given the rapid start in movement for both durum and canola, projections for the crop year exceed current government estimates. A number of other...

Statistics Canada revised higher its estimates for both corn and soybean production for 2019, with the estimate for corn approaching the volume of the largest crop every produced in 2013. The past four years has resulted in varying results when the final estimates are...

Using Statistics Canada model-based production estimates, while added to the agency's July 31 stocks and AAFC's estimates for imports, we compare grain supplies for selected grains for the 2019-20 crop year.

U.S. oat futures broke out higher on Wednesday despite weakness across the grains, with signs of support from the commercial and noncommercial side of the trade. The U.S. has budgeted to import more oats in 2019-20, while Canadian stocks are tight and harvest activity...