Wheat stocks in major exporting nations are not considered burdensome and are rather seen to have become relatively tight.

Markets continue to push lower

Risk premiums created by Russia's invasion of Ukraine have evaporated

Market sentiment remains bearish for most agricultural commodities, including the major crops grown in Western Canada. Prices have been declining in most markets since the recent highs were set at the beginning of the Russian invasion of Ukraine in 2022. Markets have gradually adjusted to the news coming from the conflict and has effectively removed […] Read more







The latest model-based production estimates from Statistics Canada shows downward revisions in both canola and wheat production from the August report. Photo: Thinkstock

StatCan revises canola production lower

Hot and dry weather saw crop conditions decline across much of Western Canada over the past month, with the latest model-based production estimates from Statistics Canada showing downward revisions in both canola and wheat production from the August report.