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Farmer Investment Into Research Pays Off

The Western Grains Research Foundation (WGRF) is committing to a new five-year research support agreement with Agriculture and Agri-Food Canada (AAFC).
 
WGRF will invest more than $21 million to support AAFC's western wheat and barley breeding programs until 2020.
 
Federal Agriculture Minister Lawrence MacAulay was in Saskatoon for the announcement.
 
"It's so important that we have the collaboration between the Agriculture and Agri-Food, and the farmers, and everybody involved in the industry - so that we come up with the right programs," he said. "That's how this was established in the '90s - it's vitally important."
 
The money will go towards research into wheat and barley diseases; insect resistance;  environmental stresses, like drought and flooding; and developing genetic markers for plant breeding selection.
 
Source : PortageOnline

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Did Bears Win Thanksgiving, Will Bulls Get Christmas?

Video: Did Bears Win Thanksgiving, Will Bulls Get Christmas?


Did the bears win Thanksgiving (although this week had green on the screen), and will the bulls get Christmas? Bears won thanksgiving thanks to a USDA Nov crop report dud that stalled the bullish grain momentum for a brief period. But a bullish lower yield surprise in the Dec crop report could reignite the rally.
2026 U.S. winter wheat planting is nearly complete at 97% while crop conditions improved by 3 points to 48% good-to-excellent. US corn & soybean harvest is complete.
High corn demand, which is off the chart, and more Chinese soybean demand could support a Christmas rally.
Nasdaq had it’s worst November since 2011.
A U.S. Fed rate cut in December will help fund flow and sentiment.
Bitcoin held a long-term support at 80,000 and that's positive for fund flow and sentiment. It should help stock prices and Ag as we go into December.
Fertilizer prices continue to climb as we look ahead to 2026. Farmers may rely more on the nutrients that they already have in their soils.
South American Weather remains critical as the soybean reproductive stage starts from late Nov to late Feb depending on planting date.
Will a Russia-Ukraine peace deal happen by year-end?
CFTC data as of showed more managed money fund sell-off as of October 14th.