Statistics Canada Archives - Page 11 of 39

StatsCan reports sharp decline in field crop stocks

Stocks tighter than most traders had estimated

By GFM Network News May 6, 2022

MarketsFarm — Statistics Canada’s report on the country’s principal field crop stocks, released Friday, reflects an ever-tightening supply brought on by last year’s drought. With the exception of corn and soybeans, all of the crops listed suffered a supply decline of at least 10 per cent compared to the year before, as of March 31. […] Read more

CBOT July 2022 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)

Crops, Markets, Reuters, Weather

U.S. grains: Soybeans, corn slide on Midwest weather forecasts

Wheat tumbles after rally, poised for weekly gain

By GFM Network News May 6, 2022

Chicago | Reuters — Chicago corn and soybean futures slid on Friday as rising interest rates and currency pressures weighed on U.S. exports and forecasts of warm, dry weather opened a window for Midwestern farmers to get their crop planted. Recent rainfall in South America could boost Brazil’s south-central corn crop, which on Friday was […] Read more

ICE July 2022 canola (candlesticks, right column) with 20-day moving average (yellow line) and CME July 2022 crude palm oil (orange line, left column). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola books steep rise in prices

By GFM Network News April 28, 2022

MarketsFarm — Canola prices, along with other edible oils, received a strong boost on Wednesday due to sharp upticks in Malaysian palm oil values. Canola futures have also received support from a bullish forecast this week from Statistics Canada on planted acres for this spring. Despite the Indonesian government stating Monday its export ban on […] Read more

File photo of lentils being moved into bins in Saskatchewan. (Bobloblaw/iStock/Getty Images)

Crops, Lentils, Markets, Pulses

Pulse weekly outlook: Lentil acres likely up in 2022

Other pulses likely down, though

By GFM Network News April 26, 2022

MarketsFarm — Statistics Canada released its first survey-based crop acreage estimates of 2022 on Tuesday, reporting that while more lentil acres may be planted this spring, other pulses are expected to have their seeded area shrink. The national data agency projected 4.49 million acres of lentils will be planted in Canada this year, a 4.2 […] Read more

Crops, Markets

Drought fears, fertilizer may affect Canadian acreage estimates

By GFM Network News April 23, 2022

MarketsFarm — Traders and analysts awaiting Statistics Canada’s first survey-based acreage report for the 2022-23 crop year on Tuesday believe competition amongst crops — as well as their dependence on fertilizer, and the possibility of another drought this summer — will be determining factors. Canola stands as the best representation of traders’ concerns. Despite reaching […] Read more

Crops, Markets, Pulses, Weather

Pulse weekly outlook: Pulse stocks drop due to drought

By GFM Network News February 9, 2022

MarketsFarm — Statistics Canada’s latest report on stocks of principal field crops clearly demonstrated how much of an effect last summer’s historic drought in Western Canada had on pulse crops. According to the report released Tuesday, last December’s total domestic stocks for dry peas, chickpeas, lentils and soybeans all declined from the year earlier. Those […] Read more

Crops, Markets, Pulses

Pulse weekly outlook: Expect little movement in prices during holidays

By GFM Network News December 7, 2021

MarketsFarm — There were no surprises for pulses in Statistics Canada’s latest production report, according to Marlene Boersch of Mercantile Venture Consulting in Winnipeg. With that in mind, she doesn’t expect any significant price changes for pulses. “Part of the reason is we’re starting to glide into the holiday period. We’ll probably see some movement […] Read more

Crops, Markets, Weather

Canola declines, durum drops in new StatsCan estimates

Soybean, oats estimates raised

By GFM Network News December 3, 2021

MarketsFarm — There were very few surprises in Statistics Canada’s latest principal field crop production estimates released Friday — the first in 2021-22 to use a survey of producers. Nevertheless, they quantified just how severe last summer’s drought was in Western Canada. Canola production for the 2021-22 marketing year was estimated to be 12.595 million […] Read more

Photo: daoleduc/iStock/Getty Images Plus

Markets, Reuters

Canada economy seen weaker than expected as supply chain woes weigh

By GFM Network News October 29, 2021

Ottawa | Reuters – The Canadian economy most likely underperformed expectations in the third quarter amid ongoing supply chain woes and a brutal drought, official data suggested on Friday, prompting analysts to forecast the Bank of Canada could move slower on rate hikes. The economy expanded by 0.4 percent in August, missing estimates, and looked […] Read more

One Canada Square (tower at centre) houses the London head office of the International Grains Council. (Iliffd/iStock/Getty Images)

Crops, Markets, Reuters

Grains council tweaks numbers in latest supply and demand data

By GFM Network News September 24, 2021

MarketsFarm — The International Grains Council (IGC) released its monthly supply and demand report Thursday, projecting a six million-tonne increase in total global grain production at 2.289 billion tonnes in 2021-22. That change consisted of a seven million-tonne increase in global corn production, offset by a one million-tonne decrease in world wheat output. Soybean production […] Read more

U.S. livestock: Hog futures hit contract highs on shock herd decline

Alberta Crop Report: Harvest more than three-quarters finished

NFU says proposed plant breeders’ rights come at farmers’ expense

GFM Network News