USDA Lowers Soybean Yield In November WASDE Report

Nov 09, 2021

The USDA released its November WASDE report Tuesday morning.

Neil Townsend is Chief Market Analyst with FarmLink Marketing Solutions.

"I think the big number that the market is going to be talking about is the fact that they lowered soybean yield. That was relatively unexpected. People were kind of thinking that the yield would actually be ticked up a bit. They took it from 51.5 down to 51.2. That doesn't sound like much but the expectation was that the yield was going to go up."

Townsend says there were negligible changes to wheat if any.

Corn stocks were raised in line with expectations that the trade had. The yield was raised half a bushel to 177 bushels per acre, the average trade guess was 176.9.

Click here to see more...

Video: Finding a Balance of Innovation and Regulation - Dr. Peter Facchini

Regulations help markets and industry exist on level playing fields, keeping consumers safe and innovation from going too far. However, incredibly strict regulations can stunt innovation and cause entire industries to wither away. Dr. Peter James Facchini brings his perspective on how existing regulations have slowed the advancement of medical developments within Canada. Given the international concern of opium poppy’s illicit potential, Health Canada must abide by this global policy. But with modern technology pushing the development of many pharmaceuticals to being grown via fermentation, is it time to reconsider the rules?

Dr. Peter James Facchini leads research into the metabolic biochemistry in opium poppy at the University of Calgary. For more than 30 years, his work has contributed to the increased availability of benzylisoquinoline alkaloid biosynthetic genes to assist in the creation of morphine for pharmaceutical use. Dr. Facchini completed his B.Sc. and Ph.D. in Biological Sciences at the University of Toronto before completing Postdoctoral Fellowships in Biochemistry at the University of Kentucky in 1992 & Université de Montréal in 1995.