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Manitoba Crop Report - Week 28 Jul 2021

The province's weekly crop report notes drought concerns persist, with a downgraded yield outlook for most crops this week.

Farmers must contact MASC prior to putting crops to alternate use.

Multiple rural municipalities have declared agricultural states of disaster over the past month. Added over the past week were in Alonsa, Fisher, Grahamdale, Lakeshore, McCreary, Mossey River, North Cypress-Langford, Rockwood, Rosedale, Ste. Rose, and West Interlake.

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2026/27 South American Early Soybean Planting Pace a Record + A Repeat of 1998 in Hogs?

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Despite a Super Strong El Nino the early South American soybean planting pace is ahead of schedule.
The long-term forecast looks dry for the North but wet for the South including Argentina.
China bought 1.5 mmt of U.S. soybeans this week with rumors of 2 mmt and now at 68% of 25 mmt commitment.
The question mark remains the Chinese pledge towards the $17 billion in ag purchases.
NOPA weekly crush report was lower than expected. Another hot U.S. wholesale inflation print this week.
Investors rotating out of AI
Weak U.S. pork demand weighing on hogs
+ CFTC.