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According to a USDA FAS report, Canadian farmers planted 16% more durum wheat in the current marketing year as canola prices fell. Canola area declined 0.8% to 8.4 million hectares, while durum prices rose 9% since March.
A shift away from canola reduces expected oilseed and meal supply, while higher durum returns show farmers responding to price signals in the grain complex.
world-grain.comSusan ReidyJul 28, 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.
