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FCC's third and final 2023 quarterly outlook says Canadian crop margins will tighten in 2023-24 as commodity prices fall, drought cuts yields and input costs rise. New-crop prices remain above five-year averages but most are expected to fall year over year.
Only feed barley, durum and spring wheat are expected to improve.
Drought-reduced Canadian output supports prices, while lower commodity prices and higher costs weigh on producer margins. The net effect is mixed for feed grain buyers.
fcc-fac.caOct 11, 2023Not 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.
