FCC Economist Optimistic About 2021 Crop Markets

Feb 18, 2021

Farm Credit Canada has released their outlook for the grains, oilseed and pulse sector.

FCC's Principal Agricultural Economist Craig Klemmer says prices ended 2020 fairly strong and were seeing that momentum continue with price gains supported by strong fundamentals.

"If we look at stock to use ratios across the board, we're seeing declines in those in overall stock to use ratios and that's supportive of markets. We're seeing strong demand export and domestically for feed grains and grains and oil seeds and that's generally fairly strong. We're seeing trade markets remaining fairly open."

Klemmer says there's actually some good support on the wheat market given some of the global challenges.

"In addition to challenges in production in Argentina, we see that Russia wheat production is supposed to be quite strong. So that's going to offset some of those opportunities. But overall when we look at that kind of fundamentals there still seems fairly favourable and we seem to see some opportunities in the wheat market there."

He says were also seeing some good numbers for durum as well with some fairly strong demand.

As far as pulses there's still some uncertainty when it comes to pulses going to India.

While we're seeing some strong numbers going into seeding expectations for canola and soybeans in North America.

Click here to see more...

Video: Fendt Testimonial | Fendt 726 Vario Gen7 | Peter Watson Jones Ltd.

What happens when a farm buys its first Fendt? For Peter Watson Jones Ltd, the Fendt 726 Vario Gen7 has exceeded expectations from day one. For Jack, Farm Manager at Peter Watson Jones Ltd in North Shropshire, UK, the Fendt 726 Vario Gen7 wasn't just another tractor purchase. It was the farm's first experience with the Fendt brand.

Operating across a 1,200-acre arable farm alongside a 250,000-head broiler enterprise, the business has evolved significantly over the last decade, moving to a straight arable system with fewer staff and machines. Since arriving on the farm, the Fendt 726 Vario has established itself as the main drilling and cultivations tractor, earning its place through performance, versatility and efficiency. Whether it's handling large-scale cultivations or working with a new 4.5m strip-till drill, the tractor continues to impress.

Jack highlights its excellent manoeuvrability, operator comfort and ability to deliver strong pulling power at low engine speeds. The result? Outstanding fuel efficiency without compromising performance. Reliability has also been a key factor, with dependable backup from the team at TR Machinery helping to keep the tractor working when it matters most.

?? Watch as Jack shares why the Fendt 726 Vario Gen7, the farm's first Fendt, has made such a strong impression and become an integral part of their operation.