Stats Canada released its first planting intentions estimates for 2017 last Friday, and there will be some enormous acreage swings in the U.S. neighbor this year if those numbers are close to accurate.Stats Canada released its first planting intentions estimates for 2017 last Friday (see below for comparison with 2016).There will be some enormous acreage swings in Canada this year if the above-noted numbers are close to accurate. Following are a few observations:
A 17 percent decrease in durum acres wasn’t surprising. More than 50 percent of last year’s crop was seriously damaged by the wet harvest, and prices for the good durum didn’t rally despite those significant quality problems. An 8 percent boost in spring wheat acres was unexpec...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
