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European and Russian Exports Push Record World Trade Further

Global wheat production and use forecasts are increased slightly. World wheat trade is up 2.9 million tons this month, and 4.6 million tons ahead of the 2011/12 record. The European Union wheat exports continue to set records while even less wheat is used for animal feed— the lowest EU wheat feeding since 1995/96. Russian exports are also projected higher. U.S. wheat exports are unchanged.

There are no changes to the 203/14 U.S. all wheat supply and use projections this month. A 15-million-bushel increase in projected hard red spring wheat exports is offset by a decrease for soft red winter wheat, with both changes reflecting the pace of sales and shipments. Projected ending stocks for both classes are adjusted accordingly. The projected season-average farm price for all wheat is raised 10 cents on the bottom end of the range to $6.75 to $6.95 per bushel based on recent strength in prices.

Source: USDA


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How sustainable is Canadian agriculture at producing cereals, pulses & oilseeds?

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Canadians have continued to move further and further away from food production. We can see this in our expanding urban centers and less individuals growing the food we consume. This has led to more discussions about consuming food that is more sustainable. Not only sustainable environmentally, but also economically and socially. The Global Institute for Food Security (GIFS) at the University of Saskatchewan, was tasked in 2022 with understanding agriculture’s contributions to improved sustainable outcomes. As a part of this, GIFS has examined the carbon footprint of agricultural production in Saskatchewan and Canada and compared that to other producers across the globe. Dr. Steven Webb, who is the CEO of the Global Institute for Food Security in Saskatoon SK walks through how we’re doing growing cereals, pulses and oilseeds based on the latest research.