Canada Markets

Week 32 canola exports were the highest seen in eight weeks and continuing well-above the volume needed in order to stay on track to reach the current government demand forecast. Canola is being aggressively delivered by producers, with supplies tightening, while the basis...

The pace of barley exports remains brisk, with AAFC increasing its export demand forecast for the current crop year. This comes at a time when China is aggressively buying U.S. corn, while seeking cheaper alternative feed grains.

While hard red spring wheat bids have slid from February highs, producers are facing an old-crop/new-crop inversion in prairie cash bids signaling front-end demand.

According to pdqinfo.ca price data, swings in the prairie cash basis for canola since early February has signaled uncertainty in this market despite the tight fundamental situation faced.

The Port of Thunder Bay had its best year in decades in 2020 in terms of its grain handling. Looking at the current level of grain stocks ahead of the 2021 opening, stocks of durum and canola are reported at above-average volumes.

While new-crop-December-2021 spring wheat futures trade range-bound, the Dec 2021/March 2022 spread trades at a weak carry, and the noncommercial net-long position is the strongest seen since 2014. As well, spring wheat futures are showing strength relative to HRW.

Flax movement remains brisk while Saskatchewan Agriculture reported a price rise of close to $30/mt over the past week.

According to the USDA data, production and consumption of global vegetable oil remains in a long-term uptrend, with oil use growing at a faster pace. The current stocks/use ratio for the major vegetable oils in 2020-21 is the lowest seen since 1998-99.

November canola closed lower for the first time in eight sessions on profit taking, which could be little more than a healthy pause during the current uptrend.

The USDA increased its forecast for Canada's 2020-21 wheat exports for a fourth time to 27 million metric tons.

This study looks at prospective 2021-22 ending stocks of Canadian wheat (excluding durum) given a number of AAFC assumptions while calculated on a yield-seeded acre matrix that varies the output potential.

Agriculture exports played a role in helping Canada achieve its first monthly trade surplus since July 2014. Here is a look at trade data for various crops and crop products.

Despite Canada's two major railways reaching record volumes moved, their ability to supply hopper cars has not met demand for shipping this crop year and the trend in prairie shipping is lagging the growth in production.

This study looks at potential outcomes for 2021-22 canola stocks based on current government forecasts for carry-in and demand while varying seeded acres and yields.

Here we look at various trends seen in Canada's cash receipts for various crops.

India's government has estimated pulse crop production at 24.22 mmt, up from last year but below its initial target. During the past five years, pulse production has fallen short of the government forecast in three years.

After four days of trade this week, the May canola weekly candlestick chart is showing a bearish reversal that warrants watching.

We look at the five-year average of the difference between AAFC's initial forecast for seeded acres for the upcoming crop year and the official March Intentions released by Statistics Canada later in the spring.

Canadian processors crushed 915,533 mt of canola in January, above 900,000 mt for the fourth straight month. No sign of rationing is taking place yet, although recent data shows crush margins under pressure.

December spring wheat reached a fresh contract high on Feb. 22, while pushing further away from the consolidation change pattern that has governed trade since mid-January.