MITCHELL, S.D. — Call us awestruck, but farming has really advanced through technology.
That’s obviously not big, breaking news. But let us take a moment to reflect on how far farming practices have come to make it a little less taxing on people who work in agriculture.
Wheat pushed higher last week despite a negative U.S. Department of Agriculture Planted Acreage report. The corn futures traded to highs last seen in December 2014 with a bullish USDA report. As of the July 1 close, November soybeans were 43.5 cents higher for the week.
My family owns a farm near Medina, N.D., and we now are transitioning that operation to Steve Sund and his family. Our farm has always been and will always remain a family farm committed to serving the health of the land and the community.
TOWNER, N.D. — I’m not sure how many calves we’ve roped and branded in our neighborhood in the past month or so. If I did know, I probably wouldn’t say anyway. It’s not polite to ask someone how many cattle they have, and I don’t suppose it would be polite to tell anyone how many calves there are in the neighborhood in case they know how to do division. It was quite a bunch anyway.
Canola futures have had a $50-per-ton rally so far in June. The positive school says it’s from the dryness on the western prairies. There is no chart signal the move is over and unseeded soybean acreage is supportive.
Wheat traded with solid gains last week, as three out of four sessions posted strong gains while only one session showed losses. Stress from excessive rain continues to provide support for the corn market. For soybeans concerns about slow soybean planting continued to provide support.
As Canada’s Consul General for the Upper Midwest, I lead a team that works to grow two-way business relationships and engage with decision-makers and citizens on issues that matter to both our countries.
Flax took a bit of a tumble in the past two weeks on little fundamental news. The best explanation could be this excerpt from the March 17 issue of Wild Oats: “Flax markets have been supported by the Kazakh flax crop, which wound up covered with snow last fall.” That meant European users had to source elsewhere, and that generally means Canada.
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