I liked reading this article because it is different than most of the other ones I have read. It talks about agricultural produce that comes into the US, instead of US exports to Canada and other countries.
There were a lot of facts that I found in this article, some of which I never realized how important they are. One of them would be families running farms around America. Another interesting thing I found is that more than half of America's farmers provide a habitat for wildlife. There has been many significant population increases in deer, moose, fowl, and other species.
I liked this article because it gets more in depth about agriculture and is also short, but very factual. Canada exports billions of dollars each year. Something out-of-the-ordinary I read was that Canada even exports live animals to the US.
Tightness in world rapeseed markets means a record harvest will limit the build-up to Canada's inventories from a strong harvest, but the same cannot be said for wheat, farm officials said.
Canada's farm ministry, AAFC, raised its estimates for domestic grains and oilseeds harvests beyond even the levels unveiled by Statistics Canada last month, reflecting the inclusion of some outlying regions.
AAFC lifted its estimate for the wheat harvest by 1.5m tonnes to 30.7m tonnes, and for production of canola, the rapeseed variant, by 180,000 tonnes to 14.8m tonnes.
"Crop development progressed well after a period of above-normal temperatures and average-to-excessive moisture," the ministry said, amid reports of strong harvest yields.
However, the ministry kept at 700,000 tonnes its forecast for domestic canola stocks at the close of 2013-14, reflecting expectations of strong demand for exports, which were seen rising 7.4% to 7.80m tonnes during the season.
The revision tallies with an observation from Abares of tight world rapeseed inventories, which the Australian commodities bureau forecast would lead to a recovery in prices in the first half of 2014.
AAFC kept its estimated for domestic canola prices at Can$540-580 a tonne for 2013-14, compared with the Can$494.00 a tonne at which benchmark futures, for November delivery, were trading at in Winnipeg on Thursday.
Stocks rise, prices fall
Canada faces a tougher battle to encourage consumption of its wheat crop, upgraded by 1.5m tonnes to 30.7m tonnes, with the AAFC taking a slightly dimmer view of Canadian exports in 2013-14 than some other commentators.
AAFC pegged shipments at 19.85m tonnes, a 19-year high but below the 20.5m tonnes that the US Department of Agriculture pencilled in last week in its much-watched Wasde crop report.
AAFC's estimate for wheat stocks at the close of 2013-14 was higher too, at a three-year high of 7.1m tonnes, with inventories of non-durum varieties facing a particular rebuild, with "carry-out stocks forecast to increase by 51% to 5.9m tonnes".
"Canadian wheat prices are forecast to decrease from 2012-13 due to higher world and Canadian supply," the ministry added, trimming its estimate for prices this season by Can$10 a tonne to Can$265-290 a tonne for durum, and Can$235-265 a tonne for other varieties.
The comments come amid a growing market expectations of a strong Canadian wheat harvest, particularly of spring wheat which makes up the bulk of nation's crop.
The Prairies, responsible for some 90% of Canadian wheat output, will see hard red spring wheat production rise 17% to 17.9m tonnes, with soft white spring wheat up 50% at 1.8m tonnes, AAFC said.
The results have helped depress hard red spring wheat prices, which have fallen more than 5% in the Minneapolis futures exchange over the past month, compared with a 1% drop in Chicago soft red winter wheat, the world benchmark.
"Spring wheat cash premiums remain under considerable pressure as the Pacific North West [ports] and mills have secured coverage," Brian Henry at Minneapolis-based broker Benson Quinn Commodities said.
"Canadian offers are more prevalent."
However, the Canadian crop too has suffered some of the protein shortfalls also noted in US spring wheat.
The Canadian Wheat Board said last week that the "Western Canadian harvest is about half-way complete with above average yields, below average protein and an average grade pattern so far.
"Protein premiums and discounts have already begun to widen," the board said, highlighting the concerns over a squeeze on quality supplies also flagged by the likes of the USDA and Abares.
In the US, the hard red spring wheat harvest has come in with an average protein level of 13.7%, with about 25% of samples yet to be analysed, US Wheat Associates said.
I liked reading this article and finding out more information about how Canada is doing vs the US. Canada's wheat produce is going down. Our's is staying about the same though. Production has become better in other crops because of the rising temperatures though.
I thought this map was very helpful for giving a visual on droughts going on around the US. It also relates to agriculture because droughts relate to agriculture. (good/bad farming, ect.) It can help explain why agriculture is going the way it is because it's so dry.
Canada and the United States enjoy a remarkably diverse, integrated and prosperous agricultural trading relationship.
Mallory Christy's insight:
I liked this article because it was short and to the point. It also stated a few similarites that I found interesting between the US and Canada. I didn't realize until I read this article that Canada and the US have more similarities than I thought. I also enjoyed watching the video, it had a ton of facts that I never came across in any other articles.
A growing number of organic consumers, natural health advocates and climate hawks are taking a more comprehensive look at the fundamental causes of global warming. And its led them to this sobering conclusion: Modern, industrial, monocrop farming are burning up our planet.
FARMING AND KNOWLEDGE MONOCULTURES ARE MISCONCEIVED
Food needs can be met with a new vision for agriculture and science In mainstream policy and corporate thinking, scientific knowledge and global markets are considered key for food security. This has resulted in the industrialisation and laboratory research-led intensification of agricultural systems, inputs and food-supply chains. But intensified systems do not meet global food needs — they mostly suit export markets and corporate interests.... an industrial monoculture model of production — of both food and knowledge — avoids its ecological and social costs, while suppressing more effective sustainable alternatives, and underexploits science's potential versatility....
Corn sowings in the US will fall for the first time in six years in 2014, with farmers turning en masse to soybeans – for which plantings will hit a record high – leaving wheat seedings largely unchanged.
Informa Economics - in its first forecasts for next year's US crops, which came as it revised estimates for the ongoing harvests - pegged corn plantings at 92.7m acres.
While still a high figure by recent standards, exceeded only three times since World War II, that would represent a sharp fall year on year.
The US Department of Agriculture pegs US corn sowings this year at 99.5m acres, although many observers believe that figure is too high, by at least 1m acres, after an unusually wet spring prompted many growers to abandon some fields.
The land freed up from corn will go in the main to soybeans, for which sowings will jump to a record 83.6m acres, the Informa data showed.
That is 6.4m acres above the USDA's current estimate of US plantings this year.
Wheat area will come in at 56.7m acres, all varieties included, compared with the official estimate of 56.5m acres for this year's crop, if still a low figure by historical standards.
Sowings forecasts made so far in advance are unlikely to be wholly accurate, depending in part on weather at the time – this year, for instance, wet weather was seen encouraging some US farmers to plant soybeans, which can be later seeded, rather than corn.
However, some idea of likely allocations can be gauged from futures markets, and the relative prices of the different crops, although these are likely to change as the fate of South American crops to be harvested early in 2014 unwinds.
In Chicago, the much-watched ratio on a 2014 basis for November soybeans, the first new crop contract, to December corn stood at 2.39:1 on Friday, well into the area typically seen as encouraging sowings of the oilseed over the grain.
While traders use different tipping points, 2:1 and 2.25:1 are common ones.
A year ago, Informa forecast 2013 corn plantings at 97.5m acres and soybean area at 79.9m acres, with wheat sowings pegged at 57.1m acres.
Talks about corn produce falling down into 2014, wheat produce stays the same, and because of corn produce decreasing, soybean growth increases. I thought this article was good to read because it shows you how much corn, soybeans, and wheat are increasing or decreasing. It also talks about how the weather can affect the measurements, but it shouldn't be off by much according to the experts.
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