Stats Canada released its initial planting estimates for Canada this morning, which included several significant surprises such as the following:
Canola acreage is forecast to drop 7 percent from 2017, well below the trade’s pre-report guesses. This is likely the result of last year’s struggles with very dry conditions across the southern Canadian prairies. Canola is an expensive crop to plant, and Saskatchewan farmers say they will cut that acreage 10 percent from last year’s record. Soybean acreage is also expected to drop 11 percent. Spring wheat acreage is projected to increase a whopping 15.4 percent from last year. The surprise isn’t that this acreage will be higher, it’s the magnitude of the increase...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Key Takeaways: The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...
USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year. September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements sett...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
