U.S. soybean yields and ending stocks will be larger than the trade was expecting, according to the U.S. Department of Agriculture’s October supply/demand report. Based on the reaction in the futures market, the USDA’s October numbers, released Tuesday, were bearish for soybeans, somewhat bearish for corn, and bullish for wheat. The average American soybean yield… Read More

China has formally requested to join the trade deal that was originally intended to limit China’s influence in the global economy. Canada and 10 other Pacific Rim countries signed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership — the CPTPP — in 2018. On Thursday, Chinese Commerce Minister Wang Wentao submitted China’s application to join… Read More

Surprises were few and far between in the U.S. Department of Agriculture (USDA)’s September World Agricultural Supply and Demand Estimates (WASDE) report on Friday. The major figures were largely in line with pre-report estimates. On the yield side of things, U.S. corn and soybeans came in just slightly above trade estimates. Corn was estimated at… Read More

The Western Grain Elevator Association (WGEA) is responding to a request by Saskatchewan farm groups to intervene on producers’ behalf regarding contract fees and penalties incurred during the 2021 marketing year. The Agricultural Producers Association of Saskatchewan (APAS), SaskBarley, SaskCanola, SaskFlax, SaskOats, Saskatchewan Pulse Growers, and SaskWheat released a joint statement this week, calling on… Read More

Agriculture and Agri-Food Canada (AAFC) has updated its forecast for this year’s crop, reflecting the impact of drought in Western Canada in its August numbers. AAFC’s July report garnered more attention than normal, with a 19.9 million metric tonne (MT) canola production estimate coming in much higher than any other canola projections. In the outlook… Read More

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