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Wheat Market Outlook - February 10, 2025

Mercantile's Weekly Outlook: 
According to Mercantile, wheat markets remain supported. Mercantile says wheat continues to be cheap compared to corn and attention is increasingly turning to the new crop. There are several areas of concern  for the 2025/26 winter wheat crop according to Mercantile, including Russia, Ukraine, France, and parts of the U.S. The next USDA report is out on Feb. 11, 2025.

Top Takeaways:

  • The discussion about U.S. tariffs continues to influence the markets. Recently, President Trump delayed the proposed 25 per cent tariff on both Mexican and Canadian goods to Mar. 1, 2025, while Canadian and Mexican officials agreed to enhance security at the U.S. Border.
  • Ukraine and Egypt are working to enhance collaboration with a plan to store more grain at destination.
  • Canadian durum exports in December were nearly three times larger than the volume exported in December 2023, driven by demand from North African customers.
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How American Farming Changed Forever | Agriculture USA (1962) | Full Film

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Agriculture USA (1962) | How Farming Built Modern America | Rare Color Educational Film

Step back into 1962 and explore the history and development of American agriculture in this fascinating educational film, Agriculture USA.

The film looks at how farming evolved alongside the growth of the United States, from the days of pioneer settlement to the increasing use of modern machinery, improved transportation, and agricultural education.

In this film, you’ll see:

American farming in the pioneer era

Wildlife, farmland, and cattle

Homesteading and the development of rural communities

The creation and importance of land-grant colleges

The growth of agricultural mechanization

Transportation and the movement of farm products to markets

The development of laws and regulations affecting agriculture