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Crop Conditions Impacting Yield Expectations

The Cargill Knowledge Tent is a busy place at Ag in Motion taking place at Langham, SK.
 
Bruce Burnett the Director of Marketing and Weather for Glacier Farm Media is one of the presenters.
 
He talked to producers about Global Growing Conditions including the situation and yield expectations right here at home.
 
He expects an average wheat crop and likely a 7 to 8% reduction in the canola crop here due to the unevenness and poor crop stands we’re seeing.
 
“It could be a lot lower if we get weather conditions that aren’t positive; now, these rains are good. The canola it’s gotten it growing, and the crops are developing, but we’re just going to have some issues here with the end of the season I feel because of the lateness of the crop.”
 
Burnett says as well as what’s happening here he’s also watching what’s happening globally in key growing areas.
 
“The biggest one certainly is the U-S Corn belt and the corn crop. We’ve seen an impact of that already in prices; the corn prices have gone up significantly from prior to these issues. It’s much the same problem that we had except they had too much moisture. So, the crops didn’t get in on time and so we’ve seen this delayed planting which does reduce yield.”
 
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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.