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
Tag: Dwight Nichol
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
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
Editor’s note: This is a guest market column by Dwight Nichol, DLN AgVentures. StatsCan released their July 31st Ending Stocks report for the 2016-17 crop year on Wednesday. This was the third week with new Canadian revisions, and other than minor changes, should finalize crop year 2016-17 Supply and Demand balance. This stocks release is… Read More
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
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
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
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
Having turned the page on the calendar and last year’s crop, the Western Canadian Crop Production Show in Saskatoon in early January provides an opportunity each year to get a read on crop plans and sentiment heading into another growing season on the prairies. As part of our radio coverage in Saskatoon this week, we hosted a… Read More
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
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
There’s been no shortage of information for grain markets to digest this week, with Statistics Canada issuing its first acreage estimates since this year’s crop was seeded on Wednesday and the USDA publishing its latest acreage and stocks projections on Thursday. The StatsCan report affirmed the potential for a huge lentil crop on the prairies. Canola… Read More