Canada's Canola Crop Forecast Well Below Analysts' Expectations Statistics Canada today released its estimates for that country's 2012 crops and the forecast for canola was far below analysts' expectations. The report indicated Canada this year will produce 13.359 MMT of canola, down from last year's crop of 14.493 MMT and the average analysts' estimate of 14.6 MMT. The last StatsCan estimate was for a crop of 15.409 MMT. The average yield is forecasted at 1.6 MT/hectare (1,428 pounds/acre).The big drop in the estimate mostly was a result of heavy losses of canola in the Prairies to heavy winds last month that blew canola windrows away and caused seed pods to shatter. The smaller crop is going to lead to very tight canola supplies in the...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Unlike the 2022 fertilizer shock, today’s disruption is rooted less in rerouted trade flows and more in damaged production capacity, raw material constraints and uncertain recovery timelines. That makes this a longer-duration risk for U.S. agricultural producers and retailers who must sec...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.