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Agriculture Roundup for Monday, December 12, 2022

The Agricultural Producers Association of Saskatchewan wants a proposed federal bill to protect the rights of producers to maintain and service their equipment and give options for third-party services.

The group was asked to testify in a meeting of the standing committee on industry and technology in relation to C-244. The bill would allow everybody to have access to manufacturer tools and procedures on repairing software and parts.

The North American Equipment Dealers Association said they are not against the farmers’ right to repair, but President John Schmeiser said the bill was initially introduced for electronics and household appliances.

He said if people have access to the software for tractors, they could increase the speed to 70 km/h, even though the brakes aren’t designed to handle that.

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???? Wheat surges on drought: Prices jumped to multi-week highs as worsening dryness grips the Plains, with 70% of winter wheat in drought. Corn edged higher, while soybeans slipped.

??????? Mixed weather pattern: Rain improved parts of the Corn Belt, but drought worsened elsewhere—especially the High Plains and Kentucky. Nebraska conditions sharply deteriorated, with 56% in extreme drought.

????? Oil spikes on tensions: Crude climbed over 3% near $96 as Iran keeps the Strait of Hormuz restricted, while fragile ceasefires keep geopolitical risk elevated. ???? Pulses gain favor: Farmers are shifting to peas and lentils as a rare profit opportunity, driven by strong protein demand and lower input costs.

???? Exports mixed but solid: Corn sales dipped week-over-week but remain strong overall; soybean and wheat sales showed mixed trends, with steady global demand.