Elevator Address

2518 Lockhead Rd
North Gower, ON K0A 2T0
1-855-SOY-CORN(769-2676)
Office: 613-489-0956
Fax: 613-489-0957
info@northgowergrains.com

Mailing Address

6830 4th Line Rd
North Gower, ON K0A 2T0
1-855-SOY-CORN(769-2676)
Office: 613-489-0956
Fax: 613-489-0957
info@northgowergrains.com


 
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Howard Leaman                                                     Jun 26/19
    This morning, Statistics Canada released its "Preliminary Estimate of
Principal Field Crop Area in Canada" report:

                         All Canada, In Million Acres
               2015      2016      2017      2018      ----- 2019 -----
                                                       March     June
All Wheat      24.111    23.686    22.391    24.735    25.674    24.595
Barley          6.527     6.676     5.766     6.493     7.155     7.402
Oats            3.337     3.045     3.200     3.053     3.291     3.606
Canola         20.665    20.784    23.014    22.813    21.314    20.952
Flaxseed        1.640     0.941     1.045     0.857     1.000     0.937
Corn            3.275     3.588     3.576     3.627     3.795     3.694
Soybeans        5.411     5.607     7.282     6.320     5.646     5.714
Summerfallow    2.560     2.133     2.200     1.781     1.792     1.729

Bullish for all wheat and flax, neutral to slightly bearish for canola and
bearish for oats. 

Canola, European rapeseed, soybeans and meal have been mainly on the
defensive in overnight action, though palm and soy oil are showing some
bounce. The Canadian dollar is flirting with a move above $.76 U.S., up a
tenth of a cent. China has extended its boycott of Canadian goods to
include all meats. There is some talk that canola is due for a bounce, but
the path of least resistance is to the downside.

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