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Ont. producers look ahead to 2019

Ont. producers look ahead to 2019

New Year’s resolutions include better crop yields and more family time

By Diego Flammini
Staff Writer
Farms.com

As 2018 ends, Farms.com reached out to members of Ontario’s ag community to find out if they’ve made any resolutions for 2019.

For Joseph Timmermans, a poultry producer from Brant County, more time loved ones is on the agenda.

“I’d like to spend more time with the family and go on some more family outings,” he told Farms.com. “Things can get pretty busy on the farm, so it would be nice to make some time to get away, even if only for a few hours.”

Some farmers are hoping to make changes in 2019 that will result in better yields.

The 2018 growing and harvest season proved challenging, so making some adjustments should help with the 2019 crop, said Cameron Limebeer, a beef and cash crop producer from Peel County.

“Some crops did better than others, so I’d like to see how I can improve the ones that need some help,” he told Farms.com.

Limebeer may also make time for some fun.

“I might take a few days to go snowmobiling, but other than that I think 2019 will look pretty similar to 2018.”

Other producers are hoping recent investments will allow them to generate more farm revenue in 2019.

A new packing plant could allow for more exports and product offerings, said Robert Jakeman, president and CEO of Jakeman’s Maple Farm in Oxford County.

“We’re hoping to enter in the granulated sugar market,” he told Farms.com. “And I think, until we get the building up and running, we’re committed to staying close to home. Once we know it’s working well, maybe we can talk about a possible vacation.”


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

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


Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
The final Stats Canada production report was bearish canola and wheat projection a record crop in both (it adds to the global glut of supplies) and bullish local corn and soybean prices in Ontario/Quebec thanks to a drought. It will not help the fund flow short-term, the USDA may need to offset it?
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.
More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
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.