Spring wheat acres expected to increase in 2023

Jan 10, 2023

When it comes to supply and demand for wheat, demand has outstripped supply for the past couple of years.

Chuck Penner with LeftField Commodity Research says with the strength in demand, we've seen an increase in prices.

The price rally was accelerated by the drought and most recently by the war in Ukraine.

In terms of major exporters, he says, Canada bounced back while there was a drop from other key exporters.

"If you look at just the stocks themselves, it's the lowest since 2016/17, and if you look at it as the days of use, it's the lowest since 2014/15. Now, as you may know, China accounts for over half of those global wheat stocks. China's really not a player in terms of an exporter. The other thing is, we really don't know if those stocks exist, how large they are, or what quality they are, all of those types of things. So if you strip China's stocks out of that, the picture looks even more friendly, if you want to call it that. "

Click here to see more...

Video: A chain harrow is a game changer

Utilizing a rotational grazing method on our farmstead with our sheep helps to let the pasture/paddocks rest. We also just invested in a chain harrow to allow us to drag the paddocks our sheep just left to break up and spread their manure around, dethatch thicker grass areas, and to rough up bare dirt areas to all for a better seed to soil contact if we overseed that paddock. This was our first time really using the chain harrow besides initially testing it out. We are very impressed with the work it did and how and area that was majority dirt, could be roughed up before reseeding.

Did you know we also operate a small business on the homestead. We make homemade, handcrafted soaps, shampoo bars, hair and beard products in addition to offering our pasture raised pork, lamb, and 100% raw honey. You can find out more about our products and ingredients by visiting our website at www.mimiandpoppysplace.com. There you can shop our products and sign up for our monthly newsletter that highlights a soap or ingredient, gives monthly updates about the homestead, and also lists the markets, festivals, and events we’ll be attending that month.