estimates Archives - Page 4 of 5

Saskatchewan pares ag spending in estimates

Spending estimates released without revenue forecasts

Saskatchewan expects to pull back its spending on agriculture by about $22.4 million in its 2020-21 budget year, mainly in a reduced outlay on business risk management (BRM) programs. Provincial Finance Minister Donna Harpauer on Wednesday tabled the province’s 2020-21 spending estimates with the “unusual step” of not including revenue forecasts, citing the current COVID-19 […] Read more

Crops, Markets

USDA’s supply and demand report largely stands pat

By GFM Network News March 11, 2020

MarketsFarm — Any changes in the latest monthly supply and demand report from the U.S. Department of Agriculture (USDA) on Tuesday were few and far in between when it came to corn, wheat and soybeans; what the markets largely expected. However, there were some small revisions to the department’s global projections. That meant USDA’s March […] Read more

CBOT March 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters

U.S. grains: Soy, wheat, corn close lower after early gains

Traders focus on signs of tepid demand from China

By GFM Network News February 21, 2020

Chicago | Reuters — U.S. soybean, corn and wheat futures fell on Friday, with all three commodities facing pressure after rising early in the session. Soybean futures hit their highest in more than three weeks after the U.S. Agriculture Department at its annual Outlook Forum projected domestic soybean ending stocks for the 2020-21 marketing year […] Read more

Chickpeas. (Grigorenko/iStock/Getty Images Plus)

Crops, Markets, Pulses

Chickpea market steady, waits for next wave of demand

By Phil Franz-Warkentin, GFM Network News February 20, 2020

MarketsFarm — Demand for chickpeas often comes in waves, with the market currently in a lull waiting for the next swell. The last demand cycle came in early January, and the market has lacked “any kind of enthusiasm” over the past month, according to Colin Young of Midwest Grain at Moose Jaw. Within every pricing […] Read more

Crops, Markets

Trade’s crop estimates vary ahead of StatsCan report

By GFM Network News December 4, 2019

MarketsFarm — Barley and canola production expectations vary ahead of Statistics Canada’s production of principal field crops report, due out Friday. In September, the federal agency estimated Canada’s barley production to total just less than 10 million tonnes, two million higher than the final count for the 2018-19 growing year. However, some trade estimates are […] Read more

Crops, Markets, Reuters

U.S. grains: Soy, corn rally on smaller-than-expected stockpiles

By Tom Polansek, GFM Network News September 30, 2019

Chicago | Reuters — China bought more U.S. soybeans on Monday as the U.S. Department of Agriculture reported crop stockpiles were smaller than traders expected, sending futures prices to nine-week highs. Corn futures set an eight-week high after the USDA report also showed tighter-than-expected inventories of the yellow grain. Farmers welcomed the rallies after crop […] Read more

Crops

AAFC raises 2019-20 canola, wheat ending stocks

By GFM Network News September 24, 2019

MarketsFarm — Canadian ending stocks of canola and wheat will be larger than earlier thought, according to updated supply/demand tables Agriculture and Agri-Food Canada released late Friday. AAFC raised its canola ending stocks estimate for 2019-20 to a record 4.5 million tonnes, up from the August estimate of 3.775 million and the upwardly-revised 2018-19 level […] Read more

Crops

Statistics Canada boosts crop production estimates

By GFM Network News September 12, 2019

MarketsFarm — Updated model-based production estimates on Thursday from Statistics Canada expect larger yields for most of the major crops grown in the country — and while harvest operations are still ongoing, the actual crops may end up larger still. “All of the numbers are bigger, whether it’s durum, spring wheat, canola,” said analyst Mike […] Read more

Crops, Markets, Weather

StatsCan production report may show stronger yields

By GFM Network News August 23, 2019

MarketsFarm — A challenging growing season across the Prairies has left questions in the market ahead of Statistics Canada’s production report, due out Wednesday. “It’s hard to get a handle on canola this year because, at this stage, the farmers are going to be a bit conservative and err on the side of caution,” said […] Read more

Crops, Markets, Weather

December StatsCan report could vary from years past

By GFM Network News December 4, 2018

CNS Canada — After this fall’s long, drawn-out harvest, some analysts predict Statistics Canada’s final Production of Principal Field Crops numbers could vary from the usual pattern. StatsCan’s report, due out Thursday, is a “very uncertain” report “because that was probably one of the most bizarre falls we’ve ever had on the Prairies,” said Ken […] Read more

Ag in Motion innovation awards showcase top 2025 ag technology

U.S. pulse group commits to doubling production in five years

Klassen: Western Canadian calf markets surge on New World screwworm fears

GFM Network News