USDA WASDE Report: Neutral to Bearish Long Term.

May 09, 2014

The USDA released their important May 9 World Agriculture Supply And Demand Estimates report today.

Moe Agostino, Senior Commodity Marketing Strategist for Farms.com Risk Management will provide his analysis on this report later on today.

Here are some thoughts and observations:

Corn - Slightly bullish old crop and bearish new crop with higher yields projected.

Soybeans - Neutral as projections close to market expectations.

Wheat - Bearish with lower yield prospects supporting prices in fall.

More to come later as we review the numbers.

The full report can be found on the following link.

http://www.usda.gov/oce/commodity/wasde/latest.pdf

Full coverage of these USDA reports will follow.

Video: Why Invest in Canada’s Seed Future? | On The Brink: Episode 3

Darcy Unger just invested millions to build a brand-new seed plant on his farm in Stonewall, Manitoba so when it’s time for his sons to take over, they have the tools they need to succeed.

Right now, 95% of the genetics they’ll be growing come from Canadian plant breeders.

That number matters.

When fusarium hit Western Canada in the late 90s, it was Canadian breeders who responded, because they understood Canadian conditions. That ability to react quickly to what’s happening on Canadian farms is exactly what’s at risk when breeding programs lose funding.

For farmers like Darcy, who have made generational investments based on the assumption that better genetics will keep coming, the stakes are direct and personal.

We’re on the brink of decisions that will shape our agricultural future for not only our generation, but also the ones to come.

What direction will we choose?

On The Brink is a year-long video series traveling across Canada to meet the researchers, breeders, farmers, seed companies, and policymakers shaping the future of Canadian plant breeding. Each week, a new story. Each story, a piece of the bigger picture.

Episode 3 is above. Follow Seed World Canada to catch every episode, and tell us: Do you think the next generation will have the tools they need to success when they takeover? How is the future going to look?