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Ryan Longhenry of Ceres Global Ag outlined his crop views at a Manitoba seed tour: U.S. corn ending stocks are historically tight, U.S. soybean stocks are very low with basis historically high, and Canadian canola output is strong at 18.5-19 million tonnes. He also noted that U.S. and Canadian wheat look good while EU issues persist.
Tight U.S. corn and soybean stocks support prices into the South American harvest, while large Canadian canola and wheat crops are bearish for those markets.
portageonline.comAug 11, 2022Not 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.
