statscan Archives - Page 6 of 15

ICE November 2019 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Canola breaks out of week-long funk

By GFM Network News September 11, 2019

MarketsFarm — It’s unclear yet what effect Thursday’s satellite field crop estimates from Statistics Canada will have on markets. Canola broke out of a six-day funk Wednesday, trending just slightly higher for the first time since Wednesday last week. Technical biases remain to the downside, as prices hover around contract lows. “There are a lot […] Read more

Crops, Markets, Oats

Large oat production won’t move prices

By GFM Network News August 29, 2019

MarketsFarm — While the most recent crop production report from Statistics Canada predicted significantly more oats than originally expected, prices will likely remain stable. Statistics Canada estimated 3.952 million tonnes of oats will be grown in 2019, up considerably from the 3.436 million tonnes produced in 2018. But low carryover stocks from previous years means […] Read more

ICE November 2019 canola with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Rangebound canola looks for bounce

By GFM Network News August 28, 2019

MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday but remain rangebound overall, as market participants continued to await a clearer picture on the size of the 2019 crop. “The overall grain and oilseed complex still feels heavily weighted, but I’m hoping for at least a short-term bounce,” said Mike Jubinville […] Read more

Crops

StatsCan confirms smaller canola crop

By GFM Network News August 28, 2019

MarketsFarm — Statistics Canada’s first production estimates for the 2019-20 crop, released Wednesday, were generally in line with expectations, although upward revisions are likely in subsequent reports. The agency’s production of principal field crops report was “bang on with expectations across the board,” according to Ken Ball of PI Financial in Winnipeg. While both the […] Read more

Chickpeas. (CalypsoArt/iStock/Getty Images)

Crops, Markets, Pulses

Pulse weekly outlook: Chickpeas appear OK, but prices soft

By GFM Network News August 27, 2019

MarketsFarm — Canada’s chickpea crop has likely beaten earlier expectations — but poor prices may limit farmer sales come harvest. “We planted the crop in drought conditions” and were preparing for the worst, said Colin Young of Midwest Grain at Moose Jaw, Sask., pointing to the lack of subsoil moisture in key chickpea-growing regions of […] 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, Peas

Pulse weekly outlook: Field pea acreage increasing

By GFM Network News July 4, 2019

MarketsFarm — Last week’s report from Statistics Canada estimated that some acreage in Canada’s canola belt will instead go to field peas in 2019. Approximately 4.3 million total acres will be dedicated to field peas, StatsCan said, marking a 300,000-acre increase from estimates earlier in the year, and up from the 3.6 million acres seeded […] Read more

ICE July 2019 canola with 20-, 50- and 100-day moving averages. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Weather, politics in focus for canola trade

By GFM Network News June 26, 2019

MarketsFarm — ICE Futures canola contracts fell to their lowest levels in a month during the week ended Wednesday as much-needed moisture also fell across much of Western Canada. While there are still plenty of areas of concern, the rain has taken some of the weather premium out of the market, said Jonathon Driedger of […] Read more

Crops, Markets, Weather

StatsCan: Less canola and durum, more barley and oats

By GFM Network News June 26, 2019

MarketsFarm — Canadian farmers seeded fewer canola and durum acres than they originally intended, but more barley and oats, according to updated acreage estimates from Statistics Canada that largely came within expectations. StatsCan pegged planted Canadian canola area for 2019-20 (August to July) at 20.952 million acres, down by about 300,000 from the March survey […] Read more

Crops, Markets

Less canola, more barley area expected in next StatsCan report

By GFM Network News June 24, 2019

MarketsFarm — Canadian farmers will likely grow less canola and more barley in 2019, though the jury is out on exact acreage numbers ahead of Statistics Canada’s seeded area estimates due out Wednesday. Barley prices have hit “historic highs” thanks to inclement corn-growing weather in the United States, which has buoyed most feed grain prices. […] Read more

Klassen: Feeder market remains volatile

Under Trump, U.S. cedes its share of China’s beef market to Australia

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

GFM Network News