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Ontario wheat, corn and soybean cash prices were little changed over two weeks, as the local risk premium from short 2019 production is eroding. Coronavirus fears have cut demand from China and Southeast Asia, while Brazil's soybean harvest is 15% complete, slightly ahead of average, and the Brazilian real is near historic lows.
A weaker real and fast Brazilian harvest increase export competition for soybeans and meal, and the loss of Chinese and Southeast Asian demand points to lower prices for Canadian grain and oilseeds.
farmtario.comJerry KlassenFeb 24, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
