# Analyst says large world grain supplies, politics are weighing on wheat and canola prices | 620 CKRM - The Voice of Saskatchewan | Harvard Media

> Analyst Neil Townsend expects limited upside for new-crop Canadian wheat and canola this fall, with wheat around $6.50 to $6.75 a bushel and canola at $9.50 to $9.75. He cited the China dispute with Canada and a global oilseed glut led by the US as barriers. He also flagged a large Argentine wheat crop that may set an export record.

- Date: 2019-08-05 · published 2019-08-05T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/57709-analyst-says-large-world-grain-supplies-politics-are-weighing-on-wheat-and
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Large Argentine and world wheat supplies cap export prices, and the outlook points to weak wheat and canola values for prairie farmers. Political uncertainty limits upside for Canadian grain.

## Read by commodity

- WHEAT: bearish ▼
- CANMEAL: bearish ▼

## Sources

- 620ckrm.com: https://www.620ckrm.com/2019/08/05/analyst-says-large-world-grain-supplies-politics-are-weighing-on-wheat-and-canola-prices/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.