# Ceres Global Ag Market Outlook - PortageOnline.com - Local news, Weather, Sports, Free Classifieds and Job Listings

> 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.

- Date: 2022-08-11 · published 2022-08-11T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/40084-ceres-global-ag-market-outlook-portageonline-com-local-news-weather-sports-free
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

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.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bearish ▼
- CANMEAL: bearish ▼

## Sources

- portageonline.com: https://portageonline.com/articles/ceres-global-ag-market-outlook

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.