Tag: DLN Agventures

Wheat on an island in the grain market, as early harvest reports come in

Spring wheat yield and protein reports are starting to come in as combines are rolling across the prairies. All spring and summer the reports from the field have been about variability. This continues into harvest, says Dwight Nichol of DLN AgVentures at Gravelbourg, Sask: “It’s variable. It’s the same here as it is across the… Read more »

Have drought concerns trumped market signals in prairie seeding plans?

Statistics Canada surprised grain market analysts with higher-than-expected acreage estimates for wheat, durum, lentils and peas, and a much lower-than-expected number for canola, on Friday. Coming off a dry year in much of Western Canada in 2017, you can’t help but notice the crops that came in above expectations are crops we generally think of… Read more »

Spring runoff forecast underlines concerns about dryness

The Saskatchewan Water Security Agency’s preliminary forecast for spring runoff underlines the concerns about dryness in the heart of the prairie region. Soils in southern areas were dry at freeze up with ample storage available in wetlands after a record dry summer in parts of southern Saskatchewan and below normal fall precipitation. “With dry fall… Read more »

Release of Ag Canada Supply and Demand Report creates questions for canola

Ag Canada has updated its supply and demand tables for major field crops and there were adjustments that are gaining attention. One of the major adjustments was the canola feed, waste and dockage for canola reported to be (-727,000mt). So what does this negative number actually mean for the canola market? According to John Deputter,… Read more »

Lower acres provide further fundamental support for spring wheat rally

Statistics Canada slashed its estimate for 2017 spring wheat area by almost 900 thousand acres on Thursday, providing further fuel to the fire that’s been the spring wheat market over the last month. Back in April, StatsCan projected 16.7 million acres of spring wheat. In the update published on June 29, spring wheat area is… Read more »

Predicting Acreage Numbers (and the Stanley Cup Winner)

As oddsmakers and fans adjust their expectations for who’s going to win the Stanley Cup, market analysts are crunching the numbers on how many acres of each crop farmers will plant this spring, with the Statistics Canada acreage report coming out on Friday. Dwight Nichol of DLN AgVentures joined RealAg Radio on Tuesday (before the Oilers’… Read more »

22.5 Million Reasons To Plant Canola — Dwight Nichol

Canola acres are poised to climb from just above the 20 million mark last year, but how high will the final tally be? Could we pass the 22 million acre record set in 2012? Dwight Nichol of DLN AgVentures thinks so. “I have a number in my balance sheet right now of 22.5 million acres,” he… Read more »

Home Needed for Pile of Unwanted Durum

There’s going to be a pile of low quality durum left in Western Canada that, for lack of better words, will need to disappear from the market. According to the StatsCan report out earlier this week, durum production totalled 7.8 million tonnes in 2016 — up over 40 percent versus 2015. With maybe half of it qualifying… Read more »

Doing Your Homework for Selling High Vomi Durum

There’s a big durum crop coming off in Western Canada, but wet conditions have resulted in high disease levels in much of it. The Statistics Canada report released Tuesday pegged total Canadian durum production at 7.3 million tonnes, up from 5.4 million in 2015 and 5.2 million in 2014. Meanwhile, last week the Ministry of… Read more »