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Saskatchewan, the world's largest canola producer, faces another drought year, and some growers are shifting acres to cereals. Canola Council agronomist Ian Epp expects most producers to keep planting significant canola acreage despite the dry conditions.
Lower canola acreage in Saskatchewan could tighten future crush supplies, but the industry expects most growers to keep planting canola, so the effect on prices is limited.
world-grain.comChris LyddonAug 22, 2023After 1,964 past weather events, Soybeans moved a median +0.1% over 5 sessions (51% higher; middle half -1.7% to +1.8%), and +0.3% over 20.
After 639 past weather events, Soybean Meal moved a median +0.0% over 5 sessions (51% higher; middle half -1.9% to +2.3%), and -0.0% over 20.
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.
