Loading…
A Western Producer article reports that grains make up 69 percent of total global feed use, with oil meals at 23 percent and other feeds such as distillers grains and rice supplying the rest. The article expects feed demand to support corn and wheat demand.
It also notes that Brazil plans to plant nearly 100 million acres of soybeans.
Rising feed demand for grains supports corn and wheat prices, while expected Brazilian soybean expansion adds to oilseed supply later in the year.
producer.comsaskatoonnewsroomJun 21, 2021Not 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.
