Canada Markets

Based on Saskatchewan Agriculture's first condition ratings of the year, the Crop Condition Index is calculated for select crops for comparison to past years.

Both old-crop and new-crop durum prices are pushing higher while global data shows lower prices in export markets.

Manitoba producers are close to being completed seeding as of June 1. The entire province faced a frost event in the past week although the damage could have been far more extensive.

Canada's two railways achieved their best performance of the year in week 42 in terms of the cars spotted in the week wanted, although demand for cars is on the decline.

Durum exports continue at a rapid pace, while 2020-21 crop estimates could be tested this crop year.

Grains turned higher Thursday with the November canola contract bouncing from support to print its largest one-day move higher in nearly two months.

India's government increased their forecast for pulse production for 2020-21, despite trade estimates indicating that production estimates have been overstated prior to the revision. Prairie pulse prices remain firm amid reports of fresh demand while some prairie bids extend...

Canada's April canola crush remained above 900,000 mt for the sixth time in seven months in April, while supplies are due to tighten over the balance of the crop year. Yet another new crush plant has been announced for the Prairies, with an increase of 5.7 mmt of prairie...

Canola cash markets and futures have been sliding since early May, but there are some price signals that bear watching.

AAFC's supply and demand revisions for the current crop year show stocks of principal field crops close to the tightest seen in Statistics Canada data going back to 1980, while a very small increase is forecast for 2021-22.

While both SRW and HRW have broken support in the past two sessions, December spring wheat has found support above technical support and the psychological $7/bu level, while daily volume waned on Thursday.

November canola has traded lower along with global oilseeds. Here are a number of factors to watch.

Weekly Alberta Agriculture data shows feed barley reaching a fresh high last week, while in recent years prices continued to move higher through mid-June.

Both the U.S. Surface Transportation Board and United States Department of Justice have said CN should be prohibited from using a voting trust for their merger attempt.

Much of Alberta received beneficial rains during the past week and are still ahead of the average pace of seeding crops overall. The seven-day precipitation map shows more rain is expected.

Saskatchewan Agriculture has estimated 38% of the province's crop was seeded as of May 10, well-ahead of average, while conditions are turning drier and remain the focus.

USDA's first look at global wheat for 2021-22 shows a forecast for record global production along with record global use, while stocks are to increase by a slim margin.

The Canadian dollar's exchange with the USD has reached resistance of the 38.2% retracement of the move from the spot dollar's 2011 high to 2016 low, while poised to break out of a range that has largely governed trade since early 2015.

Statistics Canada estimated farm stocks of canola at 4.792 mmt as of March 31, while during the past five years, stocks have fallen by a significantly higher volume during the April-through-July period.

Stocks of Canada's major grains fell year-over-year except for corn and rye, while current estimates point to extremely tight stocks for many crops by the end of the crop year.