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Prices Ease After USDA Reports Larger than Expected Soybean Stocks

Based on larger than expected March soybean stocks, USDA raised its forecast of domestic crush this month by 20 million bushels to 1.635 billion. Also, U.S. soybean exports for 2012/13 are forecast up 5 million bushels this month to 1.35 billion. An offsetting change in the residual left the forecast of U.S. season-ending soybean stocks unchanged at an unusually tight 125 million bushels.

Global soybean production for 2012/13 is estimated 1.6 million metric tons higher this month to 269.6 million due to better crop outlooks for Paraguay and Uruguay. Shipping delays from South America prompted USDA to lower its forecast of China’s 2012/13 soybean imports by 2 million tons this month to 61 million. Global exports of soybean meal in 2012/13 may only edge up to 58.6 million tons, versus 58.3 million in 2011/12, because of lagging production for Brazil and Argentina.

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Source: USDA


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Why SaskSeed is Rejuvenating its Annual Meeting

Video: Why SaskSeed is Rejuvenating its Annual Meeting

The Saskatchewan Seed Growers Association (SaskSeed) is switching things up for 2024.

In a recent interview, SaskSeed President Kurt Printz, the owner of Printz Family Seeds, shared some of the notable accomplishments and changes within his organization over the past 12 months, including switching venues for the SaskSeed annual meeting coming up in January.

The decision to move their meeting from a familiar venue to a downtown location is a refreshing change aimed at offering members more freedom and a change of scenery outside of meeting hours, he says. The shift is also an attempt to attract a younger crowd, tapping into the vibrant dining and social opportunities downtown.

“The goal is to inject some fresh energy into the proceedings while still paying homage to the heritage of our meetings. It’s about blending excitement with respect for our established traditions, ensuring that the change doesn’t compromise the essence of what makes our AGMs special,” he says.

One of his proudest accomplishments as SaskSeed president is getting new executive director Chris Barker up and running within the organization. Printz expressed excitement about the positive direction Barker is taking SaskSeed and the impact this has on SaskSeed’s overall goals.