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Canola acreage in North Dakota is expected to rise in 2021 after wet conditions limited planting in 2020. Growers anticipate 1.8 to 2 million acres in the state, up from 1.55 million planted in 2020.
Expected higher canola plantings point to larger future supplies, which could weigh on prices, though strong demand from Chinese feed buyers and high prices limit the downside.
agweek.comJonathan KnutsonMar 22, 2021Not 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.
