Stats Canada released its initial planting estimates for Canada this morning, which included several significant surprises such as the following:
Canola acreage is forecast to drop 7 percent from 2017, well below the trade’s pre-report guesses. This is likely the result of last year’s struggles with very dry conditions across the southern Canadian prairies. Canola is an expensive crop to plant, and Saskatchewan farmers say they will cut that acreage 10 percent from last year’s record. Soybean acreage is also expected to drop 11 percent. Spring wheat acreage is projected to increase a whopping 15.4 percent from last year. The surprise isn’t that this acreage will be higher, it’s the magnitude of the increase...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
