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: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
