CNS Canada — After the wet weather the U.S. Midwest has experienced lately, traders aren’t exactly sold on the latest numbers from the U.S. Department of Agriculture (USDA). “We’re getting a lot of calls in and people talking about their beans are losing yield left and right, because the pods are splitting, beans are sprouting. […] Read more
CBOT weekly outlook: Traders think soy yields less than USDA predicting
CBOT weekly outlook: Spec selling pressures corn, soy
CNS Canada — A recent round of contract selling by speculators has created a bearish outlook for corn and soybeans. Recently, both crops suffered losses after the U.S. Department of Agriculture released production estimates on Sept. 12 that were higher than expected. According to a trader, these and other challenges have painted a bearish picture […] Read more
Canada’s ag output seen likely rising under climate change
CNS Canada — A new United Nations report suggests just how climate change will reshape agriculture by 2050 — and that Canada’s production capacity stands to benefit. International trade will play an ever-larger role in helping to feed people in food-deficient regions, as warmer temperatures and less precipitation will damage yields in many tropical areas, […] Read more
U.S. grains: Corn tumbles after USDA boosts production forecast
Chicago | Reuters — Chicago corn futures fell 3.6 per cent on Wednesday, for their biggest daily declines since April, after the U.S. Department of Agriculture raised its forecast for U.S. production more than analysts expected, traders said. Wheat futures also tumbled, tracking losses in corn and on pressure from USDA unexpectedly boosting Russia’s wheat […] Read more
Pulse weekly outlook: Chickpeas buck pulse trend
CNS Canada — Saskatchewan farmers are expected to turn in a smaller pulse harvest this fall, although chickpea production is bucking the overall downward trend. Chickpeas are the only Saskatchewan pulse crop to post a production increase, in Statistics Canada’s latest estimate of 2018 production. The estimates show Saskatchewan growers are expected to harvest about […] Read more
Pulse weekly outlook: Wider price spreads likely with big chickpea crop ahead
CNS Canada — Canadian farmers planted their largest chickpea crop in more than a decade in 2018, with the bigger crop likely to lead to a wider price spread between larger- and smaller-calibre supplies. Statistics Canada has placed chickpea acreage for 2018 at 468,900 acres, which would be well above the 160,000 acres planted in […] Read more
U.S. grains: Wheat slips on bearish USDA crop forecast
Chicago | Reuters — Chicago Board of Trade wheat futures fell to a near two-week low on Thursday after the U.S. Department of Agriculture’s first official estimate of the 2018-19 U.S. wheat harvest came in above trade expectations. Soybean futures rose, while corn followed wheat lower. CBOT July wheat settled down four cents at $5.06-1/2 […] Read more
Drilling down into production costs
AgriProfit$ is a free program that breaks down cost of production for every enterprise on a farm
Reading Time: 2 minutes Enrolment for this year’s AgriProfit$ program is open until the middle of January. “With changes in today’s environment and economy, there seems to be renewed interest in building business plans, following cost of production and getting adequate returns for that production,” said provincial research analyst Pauline Van Biert. “The AgriProfit$ is a business analysis program […] Read more
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