Canada Markets

We look at the precipitation received for various prairie locations in the May-through-July period for 2019 as compared to 2018 as well as the three-year average.

Prairie producers have delivered far more wheat and less canola over the course of the 2018-19 crop year, but there are significant signs of wheat movement slowing.

Cash bids for corn in Ontario are seen above $6 CAD, the highest levels reached in six years. Weather will play a role moving forward, while both the U.S. and Canadian governments will report downward revisions in estimated seeded acres in the month of August.

Wheat prices shot higher when the USDA lowered its estimates for global stocks. Global stocks are still reported at a record level for 2019-20, while stocks of U.S. spring wheat and durum are forecast to grow year-over-year.

November canola has moved two steps forward and one step back this week as the market attempts to recover from last week's contract low.

A USDA attache report points to an expected increase in China's soybean production in 2019-20 along with a further decline in imports. Canada's year-to-date exports to China have sky-rocketed year-over-year, although this was achieved in movement prior to 2019. Competition in...

CFTC data as of July 2 shows noncommercial traders moving to a bullish net-long position in the Canadian dollar as of July 2 data, the first bullish position held since March 2018. At the same time, uncertainty has this group on edge, with the loonie failing to sustain fresh...

According to government data, Alberta crops have responded favorably to recent rainfall, with the good-to-excellent condition rating increasing over the past two weeks for most crops, although durum is an exception and is showing further deterioration.

Canada's ag exports played a contributing role towards a trade surplus reached in Canada for the month of May. Here we look at miscellaneous trade data for Canadian crops and products.

Canola exports to China continue to fall behind, with one report of Canadian canola stuck on a vessel in the East China Sea, pending approval for unload. Industry officials have been clear that the lost demand will be difficult to replace, which is supported by the CGC's export...

Both commercial and noncommercial traders are showing bearish tendencies in their trade of new-crop spring wheat futures, which Tuesday's trade resulted in a successful test of a 67% retracement line. USDA's ratings are having little effect on traders, while summer weather will...

Canada's area seeded to spring wheat, durum and winter wheat was below expectations. While the smallest of the three crops, the winter wheat area saw the largest percentage decline due to abandonment in Ontario.

Statistics Canada released its June preliminary estimates of Canada's seeded acres on June 26. We look at these estimates, compared to pre-report estimates along with implications for 2019-20 stocks.

Ahead of this week's Statistics Canada seeded acre estimates, with pre-report estimates indicating that the area seeded to canola will be pared from the March estimate, noncommercial selling is weighing heavily on new-crop futures.

Here we look at the trend in revisions made between the June preliminary estimates of seeded acres for select crops and the final December estimates, based on 2018 data and the five-year average. Ahead of the June 26 report, we also look at some of the largest potential...

Alberta Agriculture's June 18 Crop Report points to continued dry conditions and detrimental effects on crop development. The driest areas remain in the furthest south region and the furthest north region, while rains since this report and a wet seven-day forecast should lead...

As of Saskatchewan Agriculture's June 17 Crop Report, crops continue to face a lack of the widespread rains needed and a significant percentage of crops remain behind normal growth stages. The crop condition index, as of June 17, points to deteriorating conditions as crops...

Manitoba Agriculture's weekly crop report points to a need for warmer weather, both daytime highs and overnight lows, to promote faster plant growth. The same concern is noted in DTN's daily Midwest weather commentary, with the five-day forecast pointing to below-normal highs...

December spring wheat closed lower for a third day on Tuesday, breaking certain levels of chart support while holding above others. It appears a combination of commercial and noncommercial selling interests may be behind the move.

Agriculture and Agri-Food Canada's June supply and demand revisions would indicate that 2019-20 ending stocks for all principal field crops will grow by 1.9 million metric tons, down from 2.9 mmt estimated last month. Four major crops are forecast to see stocks increase from...