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BASF Makes Large Investment At USask

Another sizable investment in the Crop Development Centre at the University of Saskatchewan from BASF.  
 
Last week, it was announced BASF was making a $100,000 investment at the facility, with the money going towards a newly enhanced breeding facility. The facility will drive genetic gain by reducing cycle time and increasing early generation selection.  
 
The announcement is the latest in over $12 million dollars invested by BASF at the University of Saskatchewan over the past 25 years. Some of the other recent investments include $125,000 in the Pulse Crop Field Lab and $200,000 to the Grain Innovation Lab. 
 
“The partnership of CDC and BASF is one of the longest-standing public-private partnerships in Canadian agriculture. It has played a vital role in enabling CDC to 2 deliver on its mandate to improve economic returns for farmers and the agriculture industry of western Canada,” said CDC Director Curtis Pozniak in the written release. “BASF’s investments in CDC have enabled a range of new crop-breeding innovations, and with today’s announcement, our relationship is set to continue long into the future.” 
 
“It has been a great privilege to work in partnership with CDC to deliver some of the most innovative developments in agriculture over the last quarter-century. This latest investment in CDC facilities will enhance its plant breeding programs as well as the applicability and impact of student research – research that ultimately strengthens the sustainability and long-term profitability of growers and their farm operations across the country,” said Jeff Bertholet, manager of Technical Service for BASF Agricultural Solutions in Canada. 
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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.