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Latest Snowmelt Will 'Help Kickstart The Crop'

With snow blanketing much of the Prairies this week, farmers are now waiting to see how much of that moisture will soak into the fields.
 
Anne Kirk is a cereal specialist with Manitoba Agriculture & Resource Development.
 
"The snowfall is definitely a huge blessing for people. Anyone that got snow, I think it was very welcome because soil conditions were fairly dry prior to the snowfall. It really just depends on where you are located. Anywhere from say 25-30 cm down to 7 cm is what I've heard. In general, it's a 10 to 1 ratio so people that got 25 cm of snow that would be about an inch of water."
 
Kirk says the only downfall of the snow is that some of it may have blown off the field.
 
Winter wheat will also benefit from the moisture, according to Alex Griffiths with Ducks Unlimited.
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Grain Market Outlook Price Prospects for 2024

Video: Grain Market Outlook Price Prospects for 2024

Joe Janzen and Scott Irwin of the University of Illinois provided an in-depth analysis of the grain market outlook for 2024, including price forecasts, global supply and demand trends, and marketing implications for corn and soybean producers.

Key topics covered:

Review of 2023/24 USDA February WASDE report results Old and new crop corn and soybean balance sheet forecasts Export sales pace comparisons to previous years South American soybean production estimates Impact of input costs and interest rates on marketing Benchmarking farm-level marketing performance As grain prices face downward pressure in 2024, the presenters emphasized the importance of having an active marketing plan in place, rather than a 'store and ignore' approach. They provided insight into strategies for forward contracting, making new crop sales, and capturing opportunities in a volatile market environment.

Overall, an excellent webinar reviewing the latest market analysis and offering actionable strategies for crop producers facing a more challenging economic climate this year.