High Winds Reduce Canada's Canola Production The amount of canola Canada harvests this year will be reduced as a result of high winds that occurred this week in Saskatchewan. Winds as high 60 miles per hour across much of the province blew swathed canola across fields. Once the dried canola starts moving across fields, the pods shell out and the canola seeds are lost.Because of the loss to the high winds, some Canadian analysts are now forecasting that the Canadian canola crop now will not exceed 14 MMT, which is well below USDA's forecast of 15.4 MMT. Earlier this year some were forecasting the crop would exceed 17 MMT, but high temperatures in July and August took a toll on yields. The loss to wind in the last week only exacerbated the...
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...
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