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A grain industry commentator says the 2024 marketing year has been challenging, with short rail strikes, Chinese tariffs on canola, and poor harvest quality after a hot, dry July. Futures were under pressure through August and September on bearish North American production forecasts.
He expects a late fall rally to help crop pricing.
Bearish futures and lower quality supply have weighed on prices, but a late-fall rally could lift Canadian grain values for feed buyers. Chinese canola tariffs also pressure canola meal demand.
farmingfortomorrow.caFarmingNov 23, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
