StatsCanada released the results of its survey of farmers on their planting intentions this year. The survey was conducted during March and, given developments since then, some of the numbers were surprising:
Canola acres could fall 6.7 percent despite record high futures prices. This could be one crop that farmers ultimately decide to plant more than they thought they would back in March. The wheat area was expected to expand, and it will, especially for durum where supply and use hit a 20-year low on drought impacts. The largest percentage increase in area will be in oats, where global ending stocks are down 25 percent and off 15 percent from the five-year average. Pulses are the new alt-meat protein and supposedly a trending...
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...
