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: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
