Canada Markets

Over the past five years, the spread between DTN's National Durum Index and National Spring Wheat Index in the spring explained the year over year change in seeded acres for each crop 60% of the time on both sides of the border. Current year activity will likely see spring...

Ahead of the opening of the navigation season, we look at stocks of selected grains in store Thunder Bay as a potential hint of what may lie ahead in the way of movement. Stocks of durum and oats are above average, stocks of canola and soybeans are below average, while...

The spot dollar finished higher on Tuesday for the first time in four sessions, but failed at technical resistance. Noncommercial traders continue to hold a net-short futures position, while media is focusing on one analyst calling for the loonie to test record lows.

A combination of increased producer deliveries and a disappointing car-spot in recent weeks has led to increased stocks of grain in-store primary elevators. Week 32 producer deliveries of wheat into primary elevators was the highest reported since week 20.

Positive technical signals were seen in this week's European milling wheat trade, contributing to ideas that the lows in the wheat markets are behind us.

Weak global oilseed fundamentals has weighed on U.S. dollar FOB export prices of oilseeds over the past year, while canola's year-over-year price change as of March 12 should lead to a buying opportunity.

Producer bids for No. 2 Canada Western (CW) oats delivered to Winnipeg have reached a crop-year high in December and January over the past three years. At the same time, there is a wide range of thoughts in terms of how much acres will increase in 2019.

While old-crop global stocks are being revised higher, some forecasts are already pointing to increasing levels of global production for the 2019-20 crop year. This study looks at the effect that various average yields and exports have on Canadian stocks for the upcoming crop...

The continuous active canola chart shows four consecutive weekly losses, although prices have shown only modest losses on Monday to consolidate near the middle of last week's range. Supportive commercial activity has limited losses tied to speculative selling.

Producer deliveries of canola as of week 31 have fallen short of reaching the reported demand (crush plus exports) for the first time in the eight years shown. Wheat export demand is higher year-over-year, while deliveries minus exports are higher in 2018-19.

The old-crop July/new-crop November canola spread has reached its weakest level seen in five years, or since spring of 2014, when ending stocks ballooned to 3 million metric tons. This week's trade points to this weaker trend slowing.

Statistics Canada reported a record trade deficit in December, while Ag exports were reported up from the previous month. Here we look at miscellaneous trade data found in the December report.

Exports of dry peas are on track with 2017-18 over the first six months of the crop year, while the share of product moving to China has offset the drop in the share destined for India.

Canada's wheat exports remain well ahead of the 2017-18 and five-year average pace, with year-over-year increases seen for numerous countries, including the largest buyers, China and Indonesia. The five-year average pace of movement would indicate that crop year exports will...

Adverse growing conditions in India have led to estimates for foodgrain production that is 3.5 million metric tons below 2017-18, while well below the target set for the current crop year. Total pulse production is poised to fall for the first time in three years.

New-crop November canola has faced pressure this week along with global oilseeds, breaking support while searching for support.

February statistics show a sharp rise in both the railcars reported not moving as well as showing a sharp increase in the number of cars cancelled. The cold weather pattern facing the Prairies in February is forecast to linger well into the month of March.

Revisions in AAFC's February supply and demand tables led to significant changes in 2018-19 ending stocks for a small number of crops, with bullish changes noted for barley, oats and peas, while 2018-19 ending stocks for both soybeans and canola were revised higher.

Statistics Canada's canola crush volume for January was down from the previous month, although the cumulative pace of crush remains ahead of the pace needed to achieve the current Agriculture and Agri-Food Canada crush target. Exports remain a different story.

While soybean charts show a potential bearish breach of trendline support in this week's activity, the continuous active canola chart has seen the May contract fail to test trendline support drawn from the November low.