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Canadian sunflower planted area in Manitoba, which grows about 90% of the crop, rose to roughly 36,400 hectares from about 25,500 in 2019. Industry observers describe demand and prices as strong, partly lifted by pandemic-driven birdseed demand.
Expanded sunflower acreage increases future sunflower meal supply, but strong prices support the crop's value, so the net effect on feed protein prices is modest.
cbc.caTony SeskusAug 16, 2020Not 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.
