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Alberta Grains elects inaugural board of directors and delegates

Following Alberta Grains’ Annual General Meeting held today in Calgary, Alberta, during the CrossRoads Crop Conference, the commission is pleased to announce its inaugural board of directors including Tara Sawyer as chair, Scott Jespersen as first vice-chair, and Devin Hartzler as second vice-chair.

Sawyer, who farms near Acme, has previously served as chair for Alberta Barley and Alberta Grains’ interim board of directors since the formal amalgamation of Alberta Barley and the Alberta Wheat Commission (AWC) in August 2023. Jespersen, who farms near Spruce Grove, takes over the first vice-chair role after previously serving as a director for Alberta Barley since 2021, and most recently as second vice-chair on the interim board for Alberta Grains. Hartzler, who farms near Carstairs, also held a position on the Alberta Grains interim board of directors and has previously served with AWC as a director since 2020.

“I am honoured by the board’s vote of confidence in my ability to serve Alberta’s wheat and barley farmers as chair,” said Sawyer. “There is so much opportunity in the industry as a whole and as a board, we’re leveraging that to ensure wheat and barley remain a top choice for farmers and end-users alike. I’m incredibly grateful for the opportunity to serve as the first chair for Alberta Grains.”

After a series of regional meetings held throughout November 2023 to conduct elections, Alberta Grains enthusiastically introduces the newly elected directors:

• Region 1: Dean Hubbard, David Bishop.

• Region 2: Devin Hartzler, Tara Sawyer.

• Region 3: Stewart Oke, Dick Wymenga.

• Region 4: Shawn Jacula , Brent Christensen

• Region 5: Scott Jespersen, Marvin Neumann.

• Region 6: Greg Sears, Tasha Alexander.

“I see tremendous opportunity to help tell the story of Alberta’s 18,000 wheat and barley farmers and can’t wait to get started with our newly elected board of directors,” stated Alberta Grains executive director, Michael Flynn. “Their passion and dedication to enhancing the agriculture sector at not only the provincial level, but nationally and internationally is unmatched.”

Alberta Grains thanks all outgoing directors, delegates and regional representatives for their longstanding commitment to furthering the interests of Alberta barley and wheat producers.

Entering 2024, Research is Alberta Grain’s largest investment for a reason. We are focused on supporting research projects that aim to improve crop management, reduce input costs and environmental impact, and increase yield and grain quality.

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Agricultural Market Update: Grain Prices, Crop Conditions, and Weather Impacts

Welcome back to our channel where we provide comprehensive updates on the latest trends and changes in the agricultural sector. This week, we're looking at significant movements in grain prices, crop conditions, and the effects of weather patterns. Let's dive into the details:

Grain Price Decline Grain prices have fallen to their lowest levels since 2020, with December corn down 4.3% and November soybeans losing 3.1%. This decline is partly due to the beneficial moisture brought by Hurricane Beryl to the Midwest, which has improved crop conditions significantly. The USDA reported that corn and soybean crops are in their best condition in four years, contributing to the downward pressure on prices.

Record Short Positions and Market Sentiment Fund traders have increased their net short positions in the corn market to a record level, with a net short of 347,000 contracts of corn. This reflects a bearish sentiment in the market, further influencing grain price dynamics. Similar selling trends were observed in soybeans and SRW wheat, indicating broad market caution.

Weather Impact and Forecast Hurricane Beryl has brought significant rainfall across Arkansas, Missouri, western Tennessee, western Kentucky, and southern Illinois, with more expected over Missouri, Illinois, and Indiana in the coming days. Despite this, the market is currently more focused on the moisture benefits rather than potential heat risks forecasted in the 6-10 and 8-14 day periods.

US Crop Conditions Corn and soybean conditions have shown slight improvements last week, with corn rated 68% good to excellent and soybeans at 68%. These are among the best ratings for this time of year since 2020, suggesting robust crop health that could continue to influence grain prices.

Winter Wheat Harvest and Spring Wheat Conditions The US winter wheat harvest is progressing well, ahead of schedule with significant portions already harvested in Kansas and Texas. Spring wheat conditions are also favorable, with 75% rated good to excellent, although there have been some declines in states like Idaho, South Dakota, and Washington. Brazil's Corn Harvest and US Exports Brazil's second corn crop harvest is advancing rapidly due to favorable hot and dry conditions, with 63% of the crop already harvested. Meanwhile, US corn shipments saw a substantial increase last week, indicating strong export demand, which contrasts with the recent drop in domestic grain prices.

Ongoing Developments Lastly, the USDA reported a flash sale of corn, with significant quantities sold to unknown destinations, scheduled for delivery over the next two marketing years. This could signal ongoing international demand for US corn despite lower prices.

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?? Join the Conversation: How do you think these developments will impact global agricultural markets? What are your views on the current weather patterns affecting crop conditions? Share your thoughts in the comments below. Your input is crucial for our discussions.