Table of contents
- 2023 Harvest Sample Program
- Apply for a cash advance under the Advance Payments Program
- Apply now for an Agricultural Society Innovation Award
- Artificial intelligence, the food sector and the consumer
- Cattle on feed reports show tighter supplies
- Cow inventories – Are we still liquidating
- Feed barley prices are moderating
- Feeder cattle prices are strong
- Forage sources
- Improving on-farm irrigation systems
- Lamb market trends
- Perseverance in the pork sector
- Pet ownership and pet food trends
- Rebuilding Alberta’s cattle herd
- The value of straw
- U.S. hog contraction still ahead
- What to do when crop prices are volatile
- CropChoices updated for 2022
- Agri-News – Newsletter archive
- Elm pruning ban starts April 1
- Nominations open for Agriculture Hall of Fame 2022
- 2022 Crop considerations
- AgriProfit$ cow/calf benchmark report
- Register for Open Farm Days 2022
- Cropping Alternatives 2022 now available
- Preventing wildfires is always in season
- Canadian crop movement
- Certified seed costs
- 2021 Agricultural Society Innovation Award recipients
- Ocean shipping rates – what do they mean for Canadian exporters
- Participate in Halal Expo Canada
- Caution when winter burning
- Understanding canola basis
- Nitrogen prices and exports
- Take part in the SIAL Canada trade mission
- Consider the right time for manure or compost application
- High crop prices vs low 2021 crop yields
- The gift of an Alberta Christmas tree
- Great gifts for commercial producers
- Stocking stuffers for livestock producers
- Invitation to dairy farmers
- Apply for an Agricultural Society Innovation Award
- Growing gifts for gardening enthusiasts
- Canadian crop usage
- Cattle prices and above-average sales
- Alberta Open Farm Days a big success
- Better safe than sorry with winter burning
- Natural gas prices
- Consider the right source of manure or compost for field application
- Stored canola is well worth protecting
- Dealing with food loss and waste
- Live cattle imports and cattle slaughter both higher
- COVID-19 and demand for e-commerce
- Sugar beets are important to Alberta’s economy
- The canola market – sell, replace or hold
- Canadian Agricultural Partnership Farm Technology program
- Canadian Agricultural Partnership Water program
- Diagnosing pesky forest pests
- Field selection for fall manure or compost application
- Alberta lamb prices continue to be strong
- Harvest Sample Program
- 2021 Alberta nitrogen prices
- Prevent lead poisoning on pastures
- Be in the know this wildfire season
- A canola pricing option to consider
- Sign up now for the 2022 Dairy Cost Study
- Richardson’s Ground Squirrel control
- FireSmart your spring cleaning – Around your home
- COVID-19 and meat price trends
- Alberta rat control - taking care of business
- Forward pricing wheat
- FireSmart your spring cleaning – Around your property
- Crop Reporting Program
- Alberta approved farmers' markets now open
- Albertans can do their part to prevent wildfires
- Minimal canola carryover
- Hard work pays off for Sherwood Park-based company
- May gardening possibilities based on frost probabilities
- Cattle on feed inventories
- Using the Alberta Climate Information Service Fusarium Risk Tool
- The Canadian dollar and commodity prices
- Okotoks-based company wins gold at SIAL’s Innovation competition
- Dangers of blue-green algae
- Help protect Alberta’s beautiful elm trees
- Weather and weather data at your fingertips
- Fed cattle prices holding strong
- Fireworks and exploding targets can cause wildfires
- Put option basics
- Risk to bighorn sheep and mountain goat populations
- Lamb and sheep market update
- Interactive export catalogue launched
- Global appetite for pork
- COVID-19 and foodservice trends
- Video Ante-Mortem Inspection program
- Crop prices have fallen - back to marketing basics
- 2022 Alberta canola seed costs
- Register for Getting Into Food Service
- Sheep industry fares well despite challenges
- Canadian canola crop prospects
- Register for Vendor 101 training
- Learn about the legalities of the food co-packing industry
- Bunnies and biosecurity – What you can do
- Canola crop options – Sell, replace or store
- Optimism for fall calf prices
- Smaller cow herd seems likely
- Determine the right rate for manure or compost application
- Agricultural Society Innovation Award accepting applications
- Get an assessment of your grain’s quality
- AgriProfits supports the Canadian Cow-Calf Cost of Production Network
- Alberta and U.S. cattle price spreads
- Advance Payments Program
- Change in AOPA Livestock Type Calculator
- Consider short-term in-field manure storage
- Uncertainties in the lamb market
- Keep safe burning practices top of mind
- The Pacific Northwest – A priority export market for Alberta companies
- Learn about exporting to the U.S. Midwest
- Growing opportunities for health products in the Mexican market
- Canadian crop deliveries and exports
- AgriProfits – Dairy Cost Study program
- Accessing free market intelligence
- Alberta hay prices
- Improve returns from culled cows
- Understanding the basis for crops
- 2022 Cattle market review
- Getting more Alberta products on the shelf
- Communication - A key to any successful business
- Register for the Farm to Market to Table Conference
- Check those bins
- Winter manure management considerations
- Recognizing innovative agricultural societies
- Cattle by the numbers
- Canola price seasonality
- Jack Lewis inducted into the Agriculture Hall of Fame
- Tracking environmentally sustainable agriculture in Alberta
- Bruce Beattie inducted into Agriculture Hall of Fame
- COVID-19 and healthy food trends
- Simone Demers-Collins inducted into Agriculture Hall of Fame
- 2022 Alberta lamb and sheep market update
- Assess manure storage and wintering site locations
- Register for Open Farm Days 2023
- Cropping Alternatives 2023 now available
- La Nina boosts Australian crop production
- Hog market update
- COVID-19 and vitamins and supplements
- Guidelines add clarity when investigating sites for manure facilities
- Strong Canadian crop movement to date
- Keep your Premises Identification account up to date
- CropChoice$ updated for 2023
- U.S. Choice-Select boxed beef price spread
- Trends that will shape the grocery industry in 2023
- How to use CropChoice$
- Retail and foodservice sales slowly returning to pre-pandemic normal
- Why bighorn sheep and domestic sheep or goats should not mix
- 2023 Crop Reporting program
- Canadian canola market
- 2023 Alberta approved farmers' markets now open
- Dangers of blue-green algae when temperatures rise
- Can Canada see beef herd expansion in 2023?
- Canola usage remains strong
- Lamb and sheep market remains resilient
- Benefits of installing shallow buried pasture water pipelines
- Oat price outlook improves
See event listings and more articles in this edition of Agri-News: June 19, 2023 issue
“The price of canola has fallen substantially during the last few months, possibly giving the impression that canola demand has faltered,” says Neil Blue, crop market analyst with the Alberta government. “But that’s not so, according to statistics provided by the Canadian Grain Commission (CGC).”
According to the early June issue of Grain Statistics Weekly from the CGC, from the beginning of this crop year August 1, 2022 up to this June 4, there have been 7.32 million tonnes of canola exported and 8.66 million tonnes of canola crushed. In addition, there would have been some unrecorded off-grade canola used in the feed industry. So, at week 44 of 52 of this crop year, about 16 million tonnes of canola have been used. The pace of canola usage has averaged 363,000 tonnes per week.
Last December, Statistics Canada had estimated the 2022 Canadian canola production at 18.174 million tonnes and carryover canola from last crop year at 865,000 tonnes. If Canada imports an estimated 100,000 tonnes, the estimated total canola supply this crop year is 19.14 million tonnes. If 16 million tonnes of canola are already used, that implies remaining canola inventory of about 3.1 million tonnes available until the 2023 canola crop becomes available. If the weekly average canola usage pace slowed for the balance of this crop year to 300,000 tonnes, the additional usage would be 2.4 million tonnes. That would leave about 700,000 tonnes of canola remaining July 31 until new crop canola harvest.
“To put that into perspective,” states Blue, “crop carryover is often compared to annual usage of a crop. If canola carryover on July 31 is near 700,000 tonnes and annual usage for this crop year totals 18.4 million tonnes, the stocks to usage ratio of 0.70000 million/18.4 million, expressed as a percentage, is 3.8%. One month of crop supply is about 8.3% (100/12 months), implying less than 2 weeks supply until canola harvest begins.”
2022 canola production of 18.174 million tonnes is possibly underestimated. Some agencies and analysts estimate Canadian 2022 canola production near 19 million tonnes. “Even if that higher production is later confirmed,” concludes Blue, “a recalculated stocks to use ratio (1.52 million/18.4 million, or 8.3%) would still be tight at just a one-month canola supply carryover.”
Contact
Connect with Neil Blue for more information:
Phone: 780-422-4053
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