The USDA released its November WASDE report Tuesday morning.

Neil Townsend is Chief Market Analyst with FarmLink Marketing Solutions.

"I think the big number that the market is going to be talking about is the fact that they lowered soybean yield. That was relatively unexpected. People were kind of thinking that the yield would actually be ticked up a bit. They took it from 51.5 down to 51.2. That doesn't sound like much but the expectation was that the yield was going to go up."

Townsend says there were negligible changes to wheat, if any.

Corn stocks were raised in line with expectations that the trade had. The yield was raised half a bushel to 177 bushels per acre, the average trade guess was 176.9.

More Ag News

Feed continues to be a concern for BC farmers

Livestock feed availability is one of the big concerns facing farmers in BC, following the recent flooding. AAFC Minister Marie-Claude Bibeau commented on the situation, noting she's working closely…

CCA welcomes ASEAN FTA discussions

The Canadian Cattlemen’s Association (CCA) is welcoming the Government of Canada’s announcement to proceed with free trade negotiations with the Association of Southeast Asian Nations (ASEAN). “Free…

Winter feeding plan for cattle critical this year

The calendar might have the start of winter just under a month out, however, the temperatures have begun to dip and with that producers should be formulating their winter feeding plans. With a…

Large cattle disappearance near Ponteix

The Livestock Services of Saskatchewan (LSS) and Swift Current Rural RCMP are investigating are a sizable potential cattle theft in southwestern Saskatchewan. Sometime between October 15 and November… is Moose Jaw's only source for community news and information such as weather and classifieds.

Search the Biz Guide