Canola, wheat, pulse crops, barley, and extra acreage numbers had been launched in Statistics Canada’s report, launched at present. The numbers, are what the numbers are and hopefully Statistics Canada was in a position to full surveys that gave pretty correct numbers.
To interrupt it down for us, Neil Townsend, senior market analyst at FarmLink Advertising Options joins Shaun Haney for at present’s RealAg LIVE!
RealAg LIVE! streams each weekday at 3 pm E on YouTube, Fb, and Twitter!
- Neil wonders in regards to the moisture profile in Southern Alberta. It’s dry.
- Let’s begin with canola, as a result of, 21.5 million acres (up 3.6% over 2020), however effectively under expectations
- You’ll be able to argue about methodology, however the quantity is what it’s
- It’s an artwork and a science (together with speaking to farmers)
- Farmers could also be roughly prepared to share data
- 21.5 continues to be within the realm of risk
- New crop canola didn’t inform the identical story as previous crop, thoughts
- There have been good costs off the mix, too
- Dry bias might have moved some acres into barley
- Different choices will pay proper now.
- Feed barley at 8.6 million was somewhat excessive, vs FarmLink’s inner quantity
- All these new plant bulletins….web importer of canola?
- Warning vs. what occurred within the EU
- Huge canola urge for food must come from new yield, not added acres
- Think about the two.5 million tonnes per yr the brand new Viterra plant will want
- Renewable diesel demand out of California
- Spring wheat value alerts?
- Durum is gonna assist durum, associates
- Watch what occurs in North Dakota (i.e. rain)
- Chickpeas are bearish
- There are some large dangers in pea markets (Taking a look at you China and India)
- Corn! Feedgrains! Feed costs have crept up.
- If corn crop is stable, costs will slide, if the U.S. crop is mild, look out
- Port of Montreal strike — any impression on costs?
- Stuff costing extra normally results in some points
- Logistics disruptions are by no means factor
- So, that occurred (not a market shifting report)