Canadian Farmers to Plant Less Canola, More Soybeans and Flax Statistics Canada today released its survey of the planting intentions of Canada's farmers. The survey conducted 27 May – 10 June found that farmers intend to plant 8.5 percent less canola this year than last year while increasing their plantings of soybeans and flaxseed at 10.5 percent and 15.8 percent respectively. Based on the survey, the agency indicated the country's canola plantings this year will decline to 19.738 million acres from 21.531 million acres last year. However, plantings will still exceed the 18.99 million acres planted in 2011.The survey found Canada's soybean plantings this year will reach 4.589 million acres versus 4.153 million acres in 2012 and 3.852 mi...
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...
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.