While Statistics Canada reported more wheat was grown in 2024/25, canola production fell back as the agency issued its principal field crops report on Dec. 5.
As the Canadian canola industry remained braced for whatever may come from China in regard to tariffs, a sharp blow to the oilseed arose from a much different source. United States President-elect Donald Trump threatened Canada and Mexico with 25 per cent tariffs on their goods imported by the U.S. effective Jan. 20, the day he’s sworn in.
As the likelihood of tariffs loom over United States soybean, corn and wheat exports, that trio of commodities has been facing their share of pros and cons, said analyst Tom Lilja of Progressive Ag in Fargo, N.D.
There were only small changes to the updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC) released Nov. 19. All of the other data in the AAFC report were carried over from its October report.
More Manitoba farmers are interested in adding soybeans and other pulse crops into their crop rotations for the 2025-26 crop year, said a production specialist from MPSG.
Raboresearch delivered its fall harvest outlook in an online presentation on Nov. 13, 2024. Analysts showed their insights for the 2025-26 marketing year, including those for Canadian farmers.
As to where canola and other grains go in the coming months is somewhat uncertain, said analyst Wayne Palmer of Exceed Grain in Winnipeg. He pointed directly at the incoming Trump administration in the United States and the policies the president-elect has been touting.
There were a few tweaks to the latest monthly report from the United States Department of Agriculture released on Nov. 8. The World Agricultural Supply and Demand Estimates not only lowered yields for U.S. corn and soybeans, the department reduced the ending stocks for both.
The trade's initial reaction to the re-election of former United States President Donald Trump was bearish for soybeans and corn on the Chicago Board of Trade on Nov. 6. Meanwhile, the U.S. Federal Reserve's interest rate announcement on Nov. 7 and the U.S. Department of Agriculture's supply and demand report on Nov. 8 are likely to have a bullish effect on those commodities, said Allendale Inc. president Steve Georgy.