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Sunflower acreage in Canada has fallen sharply, with Manitoba planting under 62,000 acres in 2017 compared with as many as 220,000 in 2003. Growers are switching to soybeans, which are easier to grow because of weed control and disease problems in sunflowers.
Shrinking Canadian sunflower acreage tightens regional oilseed supply and supports demand for soybeans as the easier alternative. The overall price effect is small.
country-guide.caJulienne IsaacsJan 4, 2018Not 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.
