The obvious result of a magnificent production season will be that ending supplies of virtually every crop in Canada will rise, and the logistical problem there is a very important aspect of the potential impact on the market.Agriculture and Agri-Food Canada released their Outlook for Principal Field Crops last Friday, and the numbers are almost staggering. Here are a few of the report's headlines:
Total production of grains and oilseeds is up 27 percent from 2012. Durum production is up 40 percent. Wheat production (excluding durum) increased by 37 percent from 2012 and over 80 percent was graded as #1. Yields were up an amazing 46 percent. Spring wheat production increased 44 percent. Barley production increased 28 percent. Oats p...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
