Everyone has been so wrapped up in the U.S.-China trade issues plus weather problems in the Black Sea, EU and Australia that they have lost track of a few other weather-related problem areas, notably western Canada. This past week’s Alberta Agriculture weekly crop report highlighted the following issues:
Alberta, which typically produces about 20 percent of Canadian canola, had harvested just 13 percent of its crop as of late last week. The Peace River district canola harvest was at zero percent. The latest Stats Canada canola production estimate was 20.1 MMT versus 21.3 MMT in 2017, and the crop is now likely headed to 19 MMT or perhaps less. Alberta’s spring wheat harvest is also running late with just 31 percent complet...
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...
