PEI GEC Update
Dear Customers and suppliers.
Since the beginning of the COVID- 19 outbreak, we have been carefully monitoring the progression of the virus and closely following the advice of PEI’s public health authorities. As the virus continues to spread in communities across Canada, we have made the important decision to continue to provide our services to our clients through a digital office space (email or phone) for the time being at the Head office at 62 Victoria Street, Kensington. Please no in-person visits for the next two weeks.
Meanwhile at our Elevators we are operating with smaller staff and maintaining Social Distancing and sanitation practices to keep our employees and customers safe.
We thank you for understanding! Please don’t hesitate to contact us by phone or email.
Thanks
Neil Campbell
Covid 19 Response Dear Customers and suppliers. Since the beginning of the COVID- 19 outbreak, we have been carefully monitoring the progression of the virus and closely following the advice of PEI’s public health authorities. As the virus continues to spread in communities across Canada, we have made the important decision to continue to provide our services to our clients through a digital office space (email or phone) for the time being at the Head office in Kensington. Some staff including myself will be working from home as much is possible. Please no in-person visits for the next two weeks. Meanwhile at our Elevators we are also operating with smaller staff numbers and maintaining Social Distancing and sanitation practices to keep our employees, truckers and customers safe. Hopefully this will enable us to continue to offer our high standard of service. We thank you for understanding! Please don’t hesitate to contact us by phone or email. Thanks Neil
PEI GEC Update
Dear Customers and suppliers.
Since the beginning of the COVID- 19 outbreak, we have been carefully monitoring the progression of the virus and closely following the advice of PEI’s public health authorities. As the virus continues to spread in communities across Canada, we have made the important decision to continue to provide our services to our clients through a digital office space (email or phone) for the time being at the Head office in Kensington. Some staff including myself will be working from home as much is possible.
Please no in-person visits for the next two weeks.
Meanwhile at our Elevators we are also operating with smaller staff numbers and maintaining Social Distancing and sanitation practices to keep our employees, truckers and customers safe. Hopefully this will enable us to continue to offer our high standard of service.
We thank you for understanding! Please don’t hesitate to contact us by phone or email.
Thanks
Neil
Statistics Canada’s November estimates of production of principal field crops
2018 2019 18 to 19
‘000 tonnes % change
Total wheat 32201 32348 +0.5
Durum wheat 5745 4977 -13.4
Spring wheat 23942 25670 +7.2
Winter wheat 2514 1701 -32.4
Barley 8380 10383 +23.9
Canaryseed 158 125 -20.9
Canola 20343 18649 -8.3
Chick peas 311 252 -19.2
Corn for grain 13885 13404 -3.5
Dry beans 341 317 -7.1
Dry field peas 3581 4237 +18.3
Fall rye 226 326 +44.1
Flaxseed 492 486 -1.3
Lentils 2092 2167 +3.6
Mustard seed 174 135 -22.5
Oats 3436 4157 +21.0
Soybeans 7417 6045 -18.5
Sunflower seed 57 63 +9.8
Statscan Summary
All came out as expected – but below the average crop guesses.
That is because this data was surveyed in late July
and crops have improved through August in almost all areas.
I would add about 3-5 % to all these July numbers to get a realistic
estimate of current crop potential.
SPRING WHT – came in at 25.1 mmt vs 23.9 last year – crop now is likely closer to 26.0.
CANOLA – came in at 18.45 mmt vs 20.34 last year – crop is now likely more 18.9-19.2 mmt.
OATS – came in at 3.95 mmt vs 3.436 last year – crop is now likely more like 4.2 mmt
BARLEY – came in at 9.6 mmt vs 8.4 last year – crop is likely 9.8-9.9 now
PEI GEC Update
Traders still watching for news from the China/US trade talks, with the US pressing China to trim ag tariffs and start making some further purchases of US ag products, without waiting for an overall trade agreement. Of course China will want to use that as a bargaining chip to get some concessions from the US in the process.
While news of China purchases would likely trigger a rally, it will not really alter the overall outlooks. US supplies are huge heading into new crop seeding, and SA supplies are already moving onto world markets. The bean market likely needs to work to try to trim US bean acres even further than what is forecast now. Growers may need to move some cash beans into seeding.
PEIGEC Update
Feds invest in Canadian crops. On Tuesday the federal gov’t announced an investment of up to $39.3 million to four science clusters including barley, wheat, diverse field crops and soybean under the Canadian Agricultural Partnership. These investments include an additional $28.4 million in contributions from industry, for a total investment of $67.7 million.
Value Creation Meeting
Investment in Canadian Agri
PEIGEC Update
March corn is up 3 cents, March soybeans are up 3 3/4 cents, Chicago March wheat is up 3/4 of a cent, Kansas City March is up 3/4 of a cent, and Minneapolis March is up 3 3/4 cents per bushel. The Can $ is down to 73.46