Statistics Canada Archives - Page 14 of 39

StatsCan confirms canola stocks tightening

Wheat stocks also down from previous year-end

MarketsFarm — Solid demand from exporters and domestic crushers continues to eat rapidly through Canada’s canola stocks, which as of Dec. 31 were down nearly 24 per cent from the same date a year earlier, according to new data released Friday from Statistics Canada. The government agency pegged total canola stocks in the country as […] Read more

ICE January 2021 canola with Bollinger (20,2) bands and 20-, 50- and 100-day moving averages. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola entering holiday mode

By Phil Franz-Warkentin, GFM Network News December 10, 2020

MarketsFarm — ICE Futures canola contracts hit fresh multi-year highs following the release of updated production data from Statistics Canada, but the market ran into resistance and could be expected to see some consolidation ahead of the New Year. The most-active January contract touched a session high of $599 per tonne on Friday last week, […] Read more

Barley, Crops, Markets

Feed weekly outlook: Export demand supports prices

By GFM Network News December 4, 2020

MarketsFarm — Feed grain prices remain strong into the winter, due to steady feedlot demand and solid export activity. Brandon Motz of CorNine Commodities at Lacombe, Alta. said feedlots have freed up some pen space after COVID-19 shutdowns created backlogs, but demand remained steady. “There’s more pen space in southern Alberta, compared to other years,” […] Read more

CBOT January 2021 soybeans (candlesticks) with 20-day moving average (green line) and CBOT January 2021 soyoil (black line). (Barchart)

Crops, Markets, Reuters

U.S. grains: Soybeans up one per cent as soyoil climbs

Corn up; wheat declines on global supply outlooks

By Julie Ingwersen, GFM Network News December 3, 2020

Chicago | Reuters — U.S. soybean futures rose about one per cent on Thursday, rallying on bargain buying after a two-week low set a day earlier and on uncertainty about South American crop prospects, traders said. Soybeans also drew support from strength in soybean oil futures, which advanced about two per cent on news of […] Read more

Canola south of Ethelton, Sask. on Aug. 3, 2017. (Dave Bedard photo)

Crops, Markets, Reuters

Canada’s canola harvest smallest in five years

Wheat crop a bin-buster, StatsCan report finds

By Rod Nickel, GFM Network News December 3, 2020

Winnipeg | Reuters — Canadian farmers produced the smallest canola crop in five years, but the largest wheat output since 2013, Statistics Canada said in its final harvest estimate of the year. Canola production looked set to reach 18.7 million tonnes, down 4.5 per cent from last year and below trade expectations. It was a […] Read more

ICE January 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Two reports likely to increase canola values

By GFM Network News December 2, 2020

MarketsFarm — Although canola has seen some backpedalling this week, the markets should get two good shots in the arm from a pair of reports, according to Wayne Palmer, analyst with Exceed Grains in Winnipeg. The first will very likely come from the principal field crops report , to be released Thursday by Statistics Canada. […] Read more

Crops, Markets, Weather

StatsCan report to provide clarity on 2020 crop production

By GFM Network News December 1, 2020

MarketsFarm — Market participants and producers will be looking to Statistics Canada’s principal field crop report, due out Thursday, for clarity regarding 2020 crop yields. “We’re looking to see how severely the heat damaged the crop, and how yield estimates were tempered later in the growing season,” said Jerry Klassen, an analyst in Winnipeg. Klassen […] Read more

Canola seed, oil and meal. (Photo courtesy Canola Council of Canada)

Canola, Crops, Markets, Soybeans

October crush numbers up, canola record set

By MarketsFarm Team, GFM Network News November 25, 2020

MarketsFarm — Canadian oilseed processors crushed a record amount of canola during October 2020, according to the latest data from Statistics Canada. Increases were reported throughout the canola and soybean crushes when comparing this October with October 2019. October 2020 saw 931,060 tonnes of canola crushed, which bested the previous record of 899,331 tonnes set […] Read more

(Photo courtesy Canaryseed Development Commission of Saskatchewan)

Crops, Markets, Weather

Canary seed supplies tighten

'Hidden' stocks of product seen shrinking

By GFM Network News October 16, 2020

MarketsFarm — Canary seed stocks are presently tight for two reasons: unreported inventories have been used up, and poor yields from this year’s crop. David Nobbs of Purely Canada Foods in Saskatoon explained there was a “hidden inventory over the last four to five years,” never reported to Statistics Canada, that was used to meet […] Read more

Corn, Crops, Markets, Soybeans

Canadian corn, soybean stocks increase

By MarketsFarm Team, GFM Network News October 7, 2020

MarketsFarm — New stats show larger soybeans and corn stocks in Canada as of July 31 when compared to the same time last year. Statistics Canada issued its updated report on stocks of grain and oilseeds on Tuesday morning. The federal agency said combined farm and commercial stocks of corn rose by over 29 per […] 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