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Viterra's grain marketing manager says the market has bullish and bearish factors, including the WASDE report, the US-China Phase 1 deal, and large carryouts. Canadian grain is damp and in large supply, while logistics capacity and weather are risks, and canola prices are seen as the least optimistic.
Large Canadian supply and carryover weigh on prices, while transport capacity constraints could support prices if movement tightens, making timely forward pricing important for buyers.
realagriculture.comRealAgriculture News TeamJan 14, 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.
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.
