Glacier FarmMedia COVID-19 & the Farm

Experts

 

The Good, Bad & Ugly

The Good, Bad & Ugly

The Good: Despite the fact that the rail outage occurred during the middle of shipping week 16, canola exports remained strong at 211,400 tonnes. Crop year to date exports of canola are 2.14 million tonnes, which is 1.9 million tonnes behind last year’s pace. Total canola exports may be slower than last year, but they have already reached 48 per cent of the total crop year exports forecast by MarketsFarm. The reason that canola exports were strong is that stocks prior to the outage were relatively high at 385,000 tonnes. Needless to say, canola exports will drop as most of those stocks were shipped this week.

 

The Bad: The monthly Canadian canola crush in October came in above the September levels at 876,127 tonnes. The bad news is that the crush was down 55,000 tonnes from last October. Cumulative canola crush this crop year is down 9 per cent from last year at 2.3 million tonnes. A reduction in   canola crush was expected this year as tight supplies limit availability. The numbers continue to support a larger domestic crush estimate than is currently being used by Agriculture Canada of 8.5 million tonnes.

The Ugly: The rains forecast in the lower mainland of BC are downright ugly with 75 mm to 125 mm expected over the next week. Even heavier amounts are expected in the mountains with amounts over 200 mm expected during the next week. Obviously flooding and further damage to infrastructure are the main concerns. La Nina continues to wreak havoc on BC this winter and more heavy precipitation events should be expected in the coming months.