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Farmers Turn Attention To Cereals As Fields Dry Up

Wet weather over the past week had a significant impact on the harvest situation.

Ingrid Kristjanson, farm production advisor with Manitoba Agriculture, says there was a fair bit of swathing of canola that went on before the rain, but she notes that a lot of producers were holding off on the cereals.

"Because of that forecast for three or four days of rain, most folks were holding off on swathing the cereals," she said. "[They] didn't want stuff on the ground if we were going to be getting a heavy rainfall."

Kristjanson notes the recent moisture will be beneficial to help fill in the later maturing crops such as soybeans, corn, and sunflowers.

She says once conditions dry up, cereals will be the focus of most farmers, with canola not far behind.

There has been good progress on oats and most of the barely has been taken off as well.

Source: PortageOnline


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Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry

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Higher geo-politics from Trump wanting to annex Greenlland to conflict with Iran has caused investors to sell everything America. With Matto Grosso Brazil 7% harvested weather has turned wet as harvest progresses but Argentina has turned dry! Both soybean and wheat futures have traded back above the pre-USDA January crop report close a positive technical chart signal. A monster weekly U.S. export report is price supportive but a kick the can down the road on E15 is very disappointing.