The United States Department of Agriculture (USDA) released its November WASDE and Crop Production reports on Thursday.

Jonathon Driedger is a senior market analyst with FarmLink Marketing Solutions.

He notes overall the report was a bit of a head-scratcher.

"Probably the biggest single number that the market was anticipating coming in was looking for corn yields specifically in the U.S., maybe looking for a bit of a reduction from last month's report...We actually got a larger drop in yields than what had been expected for corn and actually a bit of a larger drop in soybeans that what had been expected. In that context, you would review the report as being quite friendly from a U.S. perspective."

Driedger says on a global perspective the USDA made a huge increase in corn stocks, specifically in China.

He notes harvest in the U.S. is well on its way after a bit of a weather delay.

More Ag News

4-H Canada Receives Funding For Healthy Living Initiative

4-H Canada has announced a two-year multi-partner agreement to support the emotional and physical well-being of rural youth across Canada through the creation of the 4-H Canada Healthy Living…

Bovine Tuberculosis Case Confirmed in B.C.

A case of bovine tuberculosis has been confirmed in the southern interior of British Columbia. The Canadian Food Inspection Agency (CFIA) released the news Monday, November 19th and has launched an…

Farm Women Gather In Winkler

The 32nd Annual Manitoba Farm Women's Conference was held this week in Winkler. The theme this year focused on taking care of yourself. Organizer Tracy Chappell talked about the changing role of…

Pallister Government To Focus On Protein Extraction, Water Management In Year Ahead

There were a couple of ag-related items mentioned in Tuesday's Throne Speech delivered by the province. The Progressive Conservatives said a key priority will be making new investments in capital…

Farmers Collaborate On Wheat Industry Issues

The Western Canadian Wheat Growers had farmers from both sides of the border at a meeting held earlier this month at the Agri-Trade Equipment Expo held in Red Deer. The event featured a panel…

Trade Mission Sets The Stage To Use New Seed Innovation

A trade mission to China has set the stage for Canadian farmers to adopt new seed innovation. Federal Agriculture Minister, Lawrence MacAulay, wrapped up the 10 day trade mission last week where he…

Canadian Western Agribition Opens Today In Regina

Today marks the start of Canadian Western Agribition in Regina. Agribition is known as the premier livestock event in North America and will showcase about 2000 head of livestock. CEO Chris Lane says…

CN Rail Says Grain Starting To Flow After Tough Harvest

Grain availability has been a concern this shipping season. Rail customers have self-cancelled almost eight thousand orders for CN supplied equipment through the first 14 weeks of the crop year.…

Killarney Farmer Wins Leadership Award

Killarney-area farmer Dave Koslowsky is the winner of this year's Canadian Forage and Grassland Association (CFGA) Leadership Award. Koslowsky and his wife Rhonda operate a 1,700 acre mixed farm that…

Potato Growers Dealing With Freeze Damage, Unharvested Acres

It was a challenging year for Manitoba potato growers. Vikram Bisht with Manitoba Agriculture says there were over 5,000 acres unharvested (about 8% of total crop), with another 2,000 acres or more…

CFA President To Step Down Next Year

After holding the position for nearly nine years, Canadian Federation of Agriculture (CFA) President Ron Bonnett has decided not to run again when his term expires next February. He says he's pleased…

Government Of Canada Investing In Research To Develop Sustainable Ag Practices

The federal government has announced that it will make a $3.4 million investment through the Agricultural Greenhouse Gases Program (AGGP), to conduct research into greenhouse gas mitigation practices…

Steinbachonline.com is Steinbach's only source for community news and information such as weather and classifieds.

Search the Biz Guide

Login