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FarmLink Expects Increase In Durum Acres

Some spring showers hit a number of areas across the Prairies over the past week.
 
Producers say the rain was a welcome sight, but more will be needed.
 
There's still some harvesting activities continuing while seeding operations are just getting underway.
 
Neil Townsend, a market analyst with FarmLink Marketing Solutions, held a ZOOM conference call last week with clients, media, and more.
 
He talked about FarmLink's acreage projections for Western Canada, noting producers seem to be moving away from flax and peas and into lentils mostly because of prices. Townsend says that the biggest change is in durum.
 
"Durum acres are going to be up 13% year-on-year, all wheat is going to be down a little bit, mostly from winter wheat. We see spring wheat flat, canola we see up just a little bit. Some of the crops that people are moving away from right now they're moving away from flax, moving away from peas and into lentils, because of some of the prices."
 
Stats Canada will officially release its seeding intentions report on Thursday, May 7.
 
Meantime, Townsend says with the massive U.S. government support producers will likely stay-the-course when it comes to acreage.
 
He says they're farming for the government, not necessarily following the market influences, but the government is saying go ahead, and we'll keep you solvent.
 
"The takeaway is that the US farmer is going to be doing exactly what the US farmer likes to do and that's plant corn, plant soybeans and continue to grow those kinds of productions and really not take his foot off the pedal."
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Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”


After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!