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Saskatchewan Crop Report

 
A dry and windy week has allowed producers to make significant harvest progress.  Sixty per cent of the 2016 crop has been combined and 28 per cent is swathed or ready to straight-cut, according to Saskatchewan Agriculture’s Weekly Crop Report.  The five year (2011-2015) average for this time of year is 62 per cent combined.
 
Regionally, harvest is furthest advanced in the southeast, where producers have 73 per cent of the crop in the bin.  Sixty-six per cent of the crop is combined in the southwest, 53 per cent in the east-central region, 57 per cent in the west-central region, 54 per cent in the northeast and 48 per cent in the northwest.
 
Ninety-seven per cent of field peas, 85 per cent of lentils, 57 per cent of durum, 56 per cent of spring wheat, 47 per cent of canola and 15 per cent of flax have been combined.  The majority of producers had good harvest weather for most of the week.  Rain showers toward the end of the week stalled some field operations for a day or two, particularly in the central and northern regions.
 
Precipitation ranged from nil to 89 mm in the Tramping Lake area.  The Elfros area reported 18 mm, Rosthern and Unity 15 mm and Nipawin, Debden and Barthel 19 mm.  Most other areas that reported rain received less than 12 mm for the week.
 
Provincially, cropland topsoil moisture is rated as nine per cent surplus, 86 per cent adequate and five per cent short.  Areas around Porcupine Plain, Tisdale and Arborfield are getting some relief from excess moisture conditions; however, 36 per cent of cropland acres are reported to have surplus moisture at this time.
 
In areas around Rosetown, Kindersley and Biggar, 21 per cent of cropland acres have surplus moisture.  Hay land and pasture topsoil moisture is rated as four per cent surplus, 84 per cent adequate, 11 per cent short and one per cent very short.
 
Consistent moisture has resulted in good pasture growth throughout the growing season.  Pasture conditions across the province are rated as seven per cent excellent, 70 per cent good, 21 per cent fair and two per cent poor.
 
Strong winds blew some canola swaths around.  Hail was reported in the Tantallon and Wynyard areas.  Bleaching, sprouting, fusarium and earth tag are causing grade loss.
 
Producers are busy harvesting, hauling bales and controlling weeds.
 
 
 
Source : Government of Saskatchewan

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Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?


Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
The final Stats Canada production report was bearish canola and wheat projection a record crop in both (it adds to the global glut of supplies) and bullish local corn and soybean prices in Ontario/Quebec thanks to a drought. It will not help the fund flow short-term, the USDA may need to offset it?
A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.