Interview: Counting crops in advance

Statistics Canada on Tuesday released new model-based estimates for the country’s principal field crops, projecting “substantial” yield declines for most of the major crops grown in Canada, due mainly to drought conditions across much of Western Canada during much of the growing season. The previous Friday, the U.S. Department of Agriculture released its latest world agricultural supply and demand estimates (WASDE), a report also closely watched by grain traders worldwide. But from where Canada’s growers sit, has either report swayed markets or have these expectations already been baked into current commodity values? In this audio interview Tuesday (Sept. 14), Phil Franz-Warkentin of MarketsFarm reviews the reports’ findings and the markets’ response: