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Western Cdn. farmers look to 2019

Western Cdn. farmers look to 2019

Producers want holiday time and government action

By Diego Flammini
Staff Writer
Farms.com

As 2018 enters its final hours, Farms.com reached out to members of Western Canada’s ag community to find out if they’ve made any resolutions for 2019.

For Denis Guindon, a canola producer from Falher, Alta., making time for a holiday could be a priority.

“We’re in the process of planning a (family) vacation for some time in 2019,” he told Farms.com. “It would be nice if those plans could come to fruition and we can take some time to get away.”

Lee Moats, a cash crop grower from Riceton, Sask., is also planning a family holiday.

“We are hoping to go to Italy,” he told Farms.com. “We’ve been there a few times before. It’s a wonderful place and we look forward to going back.”

From a legislative standpoint, Moats wants to see the feds move ahead with plans to support the ag industry.

“I sat on the Economic Strategy Table for agriculture and agri-food,” he said. “I’d like our federal government to put implementation plans into the budget to help bring our recommendations to life.”

Members of the Economic Strategy Table put forward targets of increasing domestic ag sales to $140 billion by 2025 and increasing ag exports to $85 billion by 2025.

Other farmers are hoping 2019 will bring needed good weather for strong crop and hay yields.

Manitoba producers experienced dry conditions during 2018. Timely rains and snow would be beneficial for her cattle, said Dianne Ridling, a beef producer from Lake Francis, Man.

“If you talk to anyone in our region, they’d like to see a lot more snow and moisture,” she told Farms.com. “We need the moisture so our dugouts fill up and so we can have grass and hay next year.”


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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.