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Crop Report For The Period May 11 To May 17, 2021

Producers made tremendous progress last week with 74 per cent of the 2021 crop now seeded, well ahead of the five-year average of 48 per cent (2016-2020) for this time of year.  Minimal rain and fair weather across the province has allowed producers to seed without any prolonged delays.

Eighty-two per cent of the crop has been seeded in the southwest region.  Seventy-nine per cent has been seeded in the southeast, 77 per cent seeded in both the west-central and northwest regions and 63 per cent seeded in the east-central and northeast regions.

Ninety-three per cent of field peas, 93 per cent of lentils, 83 per cent of durum, 83 per cent of chickpeas, 80 per cent of spring wheat, 78 per cent of canola and 75 per cent of barley have been seeded to date.

There was scattered rainfall throughout most regions in the province this week.  The Tisdale area received the highest amount at 25 mm thanks to a thunderstorm.  The Christopher Lake area received 13 mm and the Pelly area received 10 mm.  The rain is welcomed but more is needed to address the current extremely dry conditions throughout the province.

Limited precipitation and warm windy conditions throughout the province have further reduced topsoil moisture conditions.  Cropland topsoil moisture is rated as zero per cent surplus, 20 per cent adequate, 48 per cent short and 32 per cent very short.  Hay and pasture land topsoil moisture is rated as zero per cent surplus, 13 per cent adequate, 36 per cent short and 50 per cent very short.

Some farmers have halted seeding canola while they wait for rain in the forecast.  Others have opted to seed wheat or other cereals instead.  Very little spraying is happening in the province due to low weed emergence and strong winds making for poor spraying conditions.  For many parts of the province where precipitation has been very low, crop germination has been poor and patchy.

A complete, printable version of the Crop Report is available online at https://www.saskatchewan.ca/crop-report

Source : saskatchewan

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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.