
Despite the sharp drop in prairie production in 2021, elevator grain stocks are down only modestly from a year ago and the five-year average, while terminal stocks are down by a greater amount.
Despite the sharp drop in prairie production in 2021, elevator grain stocks are down only modestly from a year ago and the five-year average, while terminal stocks are down by a greater amount.
Ukraine is forecast to supply 17% of global exports of barley in 2021-22 although challenges faced will affect the country's potential over the year ahead.
The pace of canola demand remains ahead of the steady pace needed to reach current demand estimates released by AAFC. Demand will soon need to slow considerably, or Statistics Canada may have to find more stocks when it reports March 31 stocks in May.
A move higher in crude oil this week, the Bank of Canada's largest rate hike in more than 22 years and the Canadian dollar's seasonal trend have failed to support the loonie, which weakened for a second week this week.
Agriculture and Agri-Food Canada held an online Town Hall meeting on April 12 to discuss the government's Fertilizer Emissions Reduction Plan, which was cautiously received.
Despite a crop on the way, new-crop rapeseed for August delivery reached a fresh contract high and an all-time high on the continuous August chart. Strengthening new-crop spreads point to an increasingly bullish view of market fundamentals.
December spring wheat reached a fresh contract high on April 11, reaching the highest December trade seen in more than 14 years. The CFTC shows the noncommercial net-long position increasing in the week ending April 5, while remains well-below the all-time high reached in...
November canola has closed higher for eight consecutive weeks and has reached a fresh contract high for four consecutive weeks while ignoring bearish moves seen in competing oilseeds and crude oil.
The world is looking for increased output of wheat in the year ahead, although the USDA is forecasting spring wheat acres in the U.S. to fall year-over-year.
The Canadian Agri-Food Policy Institute held a one-hour webinar on rail service reliability this week, highlighting the challenges the industry faces ahead, and how even a short work stoppage can have a long-term impact.
The May spring wheat contract recovered from session lows but closed in negative territory on March 29, ending above the 50% retracement of the move from the January low to March high.
During a volatile time in the food industry, Statistics Canada is poised to hit the delete button on 25 years of food price data and start fresh.
December spring wheat realized solid gains during the week, while reaching the highest close seen during the life of the contract.
Canada's February canola crush was reported lower for a fourth consecutive month, while the cumulative volume crushed remains on track to reach the current AAFC forecast.
As we move into challenging spring conditions that will slow grain deliveries, primary elevator stocks are not far below the five-year average as of week 32.
Only modest changes were made to Canada's export forecast for 2021-22 and 2022-23 in March despite an expected surge in global demand.
Grain stocks in primary elevators remains high relative to past years as of Week 32, with railway performance a contributing factor. At the same time, week 35 shows a significant improvement in grain movement.
The spot Canadian dollar came close to testing its March high and six-week high on Thursday. The Canadian dollar is poised to diverge from the direction of crude oil for a third consecutive week.
The Russia-Ukraine war has led to alarm bells across global grain markets, while India is attempting to answer the call.
The Russia-Ukraine war has led to volatility across markets, along with already tight vegetable oil supplies and South American uncertainty. The continuous active canola/spring wheat futures spread is up 170% from its five-year average.