17th annual Pacific Agriculture Show scheduled from January 29 – 31, 2015

Jan 06, 2015

Taking place at Tradex Exhibition Centre in Abbotsford, BC

By Diego Flammini, Farms.com

Farmers, manufacturers and people with an interest in agriculture will come together at the Tradex Exhibition Centre located at the Abbotsford Airport to take in the 17^th annual Pacific Agriculture Show.

Since its inception in 1998, the show will feature over 250 vendors including Committed Ag Supply, DuPont Canada, Handlers Equipment Ltd., and Kuhn North America in an effort to supply the visitors with the latest and newest innovations in equipment and technology to improve the efficiency of their farming operations.

The Lower Mainland Horticulture Improvement Association (LMHIA) will provide a Grower’s Short Course where they’ll discuss issues involved with fruits and vegetables, pesticides, and agricultural economics.

There will also be a two-day Agri-Energy & Waste Management forum. Starting on January 30^th, visitors will be able to educate themselves on how to manage waste, reduce cost, and diversify income. They’ll also be able to visit BC’s newest anaerobic digester.

Anaerobic digesters are used to break down biodegradable material to produce things like natural gas or transportation fuels.

Other topics covered will include environmental farm plans, nutrient and waste management, and pyrolysis opportunities and challenges.

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.