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Seeding Ahead Of Schedule

Spring seeding in Alberta is ahead of the 5-year average for this time of year.

According to the first crop report of the new season, most of the seeding is taking place in southern regions of the province, which are still waiting for rain. As of May 3rd, according to the government report, just over 12 percent of seeding was completed across the province. 36.5 percent of that was in southern regions, just under 6 percent in central areas with the rest of the province reporting less than 1 percent completed.

Soil moisture in southern areas of the province is the big factor right now with 31 percent rated poor, 28 percent fair, and 40 percent good. With the lack of moisture and the cool temperatures, there's very little growing in pastures, meaning ranchers still need to depend on feed to keep their cattle fed until there's some green grass in those fields. Some farmers have even started irrigating annual crops in southern Alberta. There was some light snow in areas of western Alberta over the weekend and in the Drumheller area overnight between Sunday and Monday. Despite the cold weather on the weekend, farmers in central Alberta started seeding. One farmer around Legal, north of Edmonton tweeted "It's May 8th,time to get going".

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Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?


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A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
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Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.