Canada Markets

DTN 360 Poll: Readers Respond

Cliff Jamieson
By  Cliff Jamieson , Canadian Grains Analyst
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DTN readers respond in a recent DTN 360 poll taking an early look at cropping plans for 2016. (DTN graphic by Nick Scalise)

DTN's weekly 360 poll gives readers the change to share their thoughts on various issues in an informal way. Here is a quick look at feedback from some of the most recent polls.

In early October the flowing question was asked: Will the quality of your 2015 grain production result in any marketing challenges in the upcoming year?

Twenty-two percent of respondents indicated potential issues with this year's crop quality, with 17% indicating quality could be below average quality and may require increased effort to market. Another 5% indicated they face mixed results and it may be too early to determine just what lies ahead.

The balance of the responses were evenly split between those the suggested that their crop is of high quality and will be easily marketed, while the balance responded that their crop was of average quality and should be readily marketable.

In late October, another question was asked: Do you think oilseeds have the potential to rally significantly this crop year?

In total, less than one-third answered no to this question. A total of 20% felt that projections of yet another record crop of around 100 million metric tons in Brazil would cap any upside potential for all oilseed markets. As well, a further 7% of respondents felt that the weak link would be found on the demand side, with China's weakening economic situation limiting any upside potential for the oilseed markets.

Of those that responded to this poll, 20% felt that oilseeds could rally this crop year, led by an expected surprise in U.S. stocks. Perhaps this is understandable given previous DTN research which indicates that the USDA has a poor track record in forecasting demand and ending stocks for soybeans. A total of 27% indicated that they were split in their thinking, given that tight global stocks of canola and rapeseed could result in this market moving higher. An additional 26% of respondents were uncertain.

In early November, we asked: What do you see as being the most notable shifts in seeded acreage that will take place on your farm or in your area in 2016?

Nearly one-third of respondents, or 29%, indicated that more pulse acres will be seeded. A further 8% reported that they would seed less hard red spring wheat acres in favor of higher yielding classes of wheat. Of all respondents, 21% indicated that the focus for 2016 would be on selecting lower-input cost crops. Another 28% indicated that they see few changes coming to seeded acres on their farm or in the area, while 14% felt it was too early to tell.

The largest response seen from any province came from Saskatchewan, where two-thirds of respondents expect more pulse crops to be seeded. The next largest response by province was seen in Manitoba, where 40% responded with choice four, which suggests few changes in seeded acres seen in that province in 2016.

We thank you for participating in our weekly polls and encourage you to keep sharing your views with us, including any suggestions of questions you'd like to see in future polls.

Cliff Jamieson can be reached at cliff.jamieson@dtn.com

Follow Cliff Jamieson on Twitter @CliffJamieson

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