Canada Markets

For the second time this week, November canola neared its contract low but found support. Noncommercial traders already hold a bearish net-short futures position but that has failed to sway their sentiment. Ahead of the Sept. 12 Statistics Canada model-based production...

The spot Canadian dollar closed higher for the third time in four sessions but stalled at technical resistance and failed to sustain a move above $0.76 CAD/USD on Monday.

Canadian stocks of major grains fell 1.9% year over year as of July 31, with increases in canola stocks and durum stocks close to offsetting the losses across the other grains.

Saskatchewan's government has estimated that 11% of the province's crop is off, well behind the five- and 10-year average pace, while the harvest of the largest spring wheat and canola crops are just getting started.

Statistics Canada noted a drop in wheat exports in July, leading to an overall drop in merchandise trade data for agriculture products overall. The following is a look at miscellaneous trade data as it applies to selected crops and products.

Given the timing and methodology differences seen in Alberta's crop yield estimates released by the province's government as well as Statistics Canada, we look at the current grade spreads for selected crops as well as the five-year differential between the two sources of...

This week's weakness in spring wheat futures resulted in the first close below $5 on the continuous active chart seen since the fall of 2016. Further downside will soon lead to a potential test of a range of support with $4.77/bushel on the lower end, a low last reached in the...

Statistics Canada's crop production estimates released on Aug. 28 will be followed by a release of model-based estimates on Sept. 12. On average, final December estimates are higher than both of the previously released estimates on average, although the gap between the...

Statistics Canada estimates production of all-wheat, canola, corn and soybeans to fall from the previous year, although spring wheat production is forecast to rise.

On average over the past five and 10 years, futures prices for canola, oats and spring wheat have moved very little on the day of Statistics Canada's first production estimates released in August.

While November canola remains in the range traded over the past eight weeks, it closed below its 20-day moving average for the first time in 15 sessions on Monday and closed at its lowest level in 14 sessions.

European demand for Canadian canola will be seen as a blessing for the canola industry as a whole and may prevent a further build in stocks. When the continuous active rapeseed price is compared to the continuous active canola price, in Canadian dollar terms, one could perhaps...

As of Aug. 19, an estimated 2% of Saskatchewan's crop is estimated as harvested, which is behind average but compares to the progress reported in two of the past five years.

Milling wheat futures in Europe are facing pressure, with the December contract on the verge of testing 2019 lows despite a weaker currency trade that could lead to further downside movement ahead.

Canada's weekly shipments of soybeans have increased in five of the past six weeks. At 164,000 metric tons, exports for week 1, or the week ending Aug. 11, are the largest weekly volume shipped in the 2019 calendar year.

Current estimates of Canada's oat stocks for July 31, 2019 point to tight levels, while growing season challenges and the need to cut oats as green feed may leave supplies tighter than expected in the year ahead. The USDA's estimates call for a 27% increase in oat volumes...

The weekly cash price for No. 1 CWRS reported by Saskatchewan Agriculture was reported as the lowest seen is almost three years this week, while DTN analysis shows that hard red spring wheat tends to bottom in August. Historical government price data would support this...

Saskatchewan Agriculture reports a slow start to harvest activity. When the number of acres swathed, combined or ready to straight cut are totaled and compared to recent years, it points to the need for a long and open fall.

Statistics Canada data through the first 11 months of 2018-19 show that Canada's exports to China were front-loaded across many commodities and reason for concern as we enter 2019-20.

Despite a small cut in the USDA's global wheat stocks estimate reported in the Aug. 12 USDA World Agricultural Supply and Demand Estimates (WASDE) report from the previous month, wheat stocks are up close to 10 million metric tons from 2018-19 and estimated to remain at record...