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Agriculture and Agri-Food Canada lowered its 2024/25 canola production forecast to 18.1 million tonnes from 18.365 million. It projects canola ending stocks will tighten to 1.65 million tonnes from 2.0 million in 2023/24.
Wheat production was raised to 34.593 million tonnes, and wheat ending stocks are forecast to rise to 4.4 million tonnes.
Tighter canola stocks support canola-based feed prices, while a larger wheat carryout is bearish for wheat as a feed grain. The combined effect is a firmer oilseed meal outlook and softer wheat values.
marketsfarm.comPhil Franz-Warkentin20 mar 2024Tras 1006 eventos bajista de informe pasados, Trigo (SRW) se movió una mediana de +0,0 % en 5 sesiones (50% al alza; mitad central entre -1,6 % y +1,8 %), y +0,3 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
