Farms.com Home   Ag Industry News

Wet Weather limiting the ability of many farmers to harvest

Farms.com

North American farmers have been struggling to get their harvest on the market due to weather conditions. Damp weather has been causing a decrease to wheat quality these past weeks, with the Canadian Grain Association stating that early estimates are showing a downward trend to lower grades.

This federal agency regulates grain handling for the country as well as certifying quality, safety and quantity of grain exports in Canada. The agency also performs several duties for the grain industry. It ensures grain producers rights are protected when dealing with grain dealers and grain handling companies. The agency oversees quality and quantity assurance programs before export. It also conducts research to understand all factors that affect grain and support the grain grading system in place.

This is one of several issues facing farmers in Canada. High moisture limits the ability of farmers to harvest their crops which could cause delays in harvesting other crops. Early frost has caused quality issues with wheat this year as well as signs of an increase in fusarium head blight. Also known as scab, fusarium head blight is a fungal disease in small grain cereals which can cause reduction in grade, yield and end-use quality.

With harvests being delayed further into the months of October and November, it is increasingly likely that wheat will improve in quality. Those who were fortunate enough to seed early have seen good quality in their harvest. It has been difficult and wheat producers have faced several challenges this season, but the coming week shows promise for warmer weather throughout Ontario.
 


Trending Video

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.