The most recent USDA estimates included a lower revision for U.S. wheat exports, with recent sales cancellations indicating there may be more cuts to come. The long-term trend for U.S. wheat exports is lower, while the trend for Canada is higher.
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by Cliff Jamieson , Canadian Grains Analyst
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by Cliff Jamieson , Canadian Grains Analyst
The first official estimates for 2024 planting of principal field crops was released Monday morning. Statistics Canada's estimate for total area seeded to field crops is seen at 78.2 million acres, down from the record 78.4 million calculated for 2023.
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by Cliff Jamieson , Canadian Grains Analyst
The new-crop canola future is showing a slow but steady move higher, which may prove to be a rounded bottom reversal pattern that bears watching over time.
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by Cliff Jamieson , Canadian Grains Analyst
Today's move in the Canadian dollar against the United States dollar was the largest one-day move higher since mid-December, while the spot loonie has traded within a 100-basis point range over the past four weeks.
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by Cliff Jamieson , Canadian Grains Analyst
During the past five years, Statistics Canada's initial seeded acre estimates show a lower estimate on average for wheat (excluding durum), canola, lentils and dry peas. The 2024 report release will come earlier than ever, based on Dec/Jan surveys.
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by Cliff Jamieson , Canadian Grains Analyst
Rail activity is seen picking up at Thunder Bay while grain stocks are well-below average as of week 30.
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by Cliff Jamieson , Canadian Grains Analyst
According to CGC data, overall crop exports are trailing the year-ago pace, while a large share of the drop is linked to movement to China.
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by Cliff Jamieson , Canadian Grains Analyst
ProphetX data shows that recent gains in palm oil cash prices have pulled the prices of competing vegetable oils higher in the Rotterdam cash market although rapeseed hasn't responded. The palm oil-soybean oil spread is historically weak.
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by Cliff Jamieson , Canadian Grains Analyst
Russia's wheat remains under pressure, setting the tone for global markets, while the IGC is reporting that Russia's prices continue to be lowered to attract export business.
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by Cliff Jamieson , Canadian Grains Analyst
Statistics Canada reported January crush data today, with the pace of canola crush still at a favourable level.
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by Cliff Jamieson , Canadian Grains Analyst
Old-crop canola held above the previous week's contract low last week despite contract lows reached across the soy complex, while the Feb. 26 session saw the May contract hold in positive territory, ignoring early losses faced by soybeans and soybean oil.
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by Cliff Jamieson , Canadian Grains Analyst
Soybean inventories in Canada's licensed facilities have dipped to 78,200 metric tons in week 29 of the 2023-24 crop year, the lowest in 10 years.
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by Cliff Jamieson , Canadian Grains Analyst
According to the government's recent estimates, ending stocks of Canadian wheat (excluding durum) in 2023-24 will be close to 3 mmt for a third year, while the current pace of exports is well ahead of the forecast pace.
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by Cliff Jamieson , Canadian Grains Analyst
AAFC revised its forecast for 2023-24 canola exports lower for the first time in six months, while the slow pace of movement may require more downward revisions.
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by Cliff Jamieson , Canadian Grains Analyst
Dry pea exports through licensed facilities are seen as the highest in three years as of week 28. Cumulative exports as a percentage of the forecast exports for 2023-24 is also exceptionally high for this week.
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by Cliff Jamieson , Canadian Grains Analyst
The USDA's first look at the 2024-25 crop year shows soybean oil production slightly exceeding consumption, leading to a year-over-year increase in stocks and continued pressure on prices.
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by Cliff Jamieson , Canadian Grains Analyst
A sharp drop in the Canadian dollar against its U.S. counterpart saw Canada's currency reach a 2024 low against the USD, while breaching chart support.
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by Cliff Jamieson , Canadian Grains Analyst
Large green lentil bids remain attractive in old-crop and new-crop positions.
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by Cliff Jamieson , Canadian Grains Analyst
Both commercial and noncommercial traders moved to fresh record net futures positions in canola for the week ending Feb. 6.
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by Cliff Jamieson , Canadian Grains Analyst
This week's reports point to Canada's tightening durum stocks while prairie prices continue to face pressure.
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Markets
- Market Matters Blog by DTN Staff
- Technically Speaking by DTN Staff
- Sort & Cull by DTN Staff
- Fundamentally Speaking by Joel Karlin
- Canada Markets by Cliff Jamieson
News
- Production Blog by Pam Smith
- Ethanol Blog by DTN Staff
- Ag Policy Blog by Chris Clayton
- South America Calling by DTN Staff
- An Urban's Rural View by Urban Lehner
- MachineryLink by Dan Miller
- Editors' Notebook by Greg D.Horstmeier