Loading…
Statistics Canada data show farmers intend to seed 104,400 acres of sunflowers in 2020, up 36% and the largest area in a decade. Growers are attracted by strong returns and firm prices, and sunflowers must be planted in Manitoba before the end of May.
A larger Canadian sunflower crop adds supply to oilseed markets and could pressure sunflower meal prices if yields are good.
grainews.caPhil Franz-Warkentin, GFM Network NewsMay 15, 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.
