44 Story Idea? Email Paul.Nolan@Farms.com Better Farming | December 2024 The headwinds to that situation are the fact that China’s economy is ailing from their big real estate sector debacle and the possibility of geopolitical tensions and trade wars between China and the western nations/blocs of the E.U., U.S., and Canada. Soybean and canola prices fell off from their support levels since early summer and continue to be in a downtrend with no recovery in sight as we go further into the lean months (for grain and oilseed market price action) of winter. Since we have this big production and supply outlook from this year that will loom over next year’s production or cropping decisions, North American farmers are likely to cut back on their 2025-26 soybean and canola acreage decisions as price ratios are unlikely to favour growing more oil crops versus others. The only way to cut the burdensome supply outlook is to cut back production, as we are unlikely to be able to crush or export our way out of this mountain of oilseeds. BF PROUDLY SERVING THE WORLD’S BEST FARM NOVEMBER 2024 $9.50 Publications Mail Agreement No. 40037298 TELL US HOW you’re growing: Paul.Nolan@BetterFarming.com We’re still growing. Still striving. Just like our farming readers. We’ve been bringing you this magazine for some 25 years now, and so far in 2024 we’ve been publishing bigger editions and printing more pages than ever before – going all the way back to 1999. Have we peaked? No way. We’re working as hard as ever, and our commitment to excellence continues – for Ontario’s commercial farmers and the agriculture industry across Canada. This landmark year serves as a perfect moment to express our gratitude to our devoted readers and valued advertisers. Each edition we publish reflects your ambitions and achievements. Your professionalism inspires us, and your spirit drives us. Thank you to our readers and advertisers for being the true essence of this magazine. Your continuing support is what makes our work so rewarding. Paul Nolan Publisher & Editorial Director OFA Members will receive the OFA Energy & Fertilizer Report Geo-Politics on the Rise! Natural gas prices weighed down by glut of supplies! Crude oil futures testing L-T support! The OFA Energy & Fertilizer Report will be released on Dec. 15th, 2024, and provides valuable information in making energy and fertilizer decisions that are right for your farm! Find out what you should do with your 25-diesel /propane/natural gas/fertilizer needs. Email: risk@farms.com to receive your copy of the report. Moe’s Market Minute MOE AGOSTINO & ABHINESH GOPAL Maurizio (“Moe”) is chief commodity strategist with Farms.com Risk Management and Abhinesh is head of commodity research.
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