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Canadian flax prices rose to C$12.50 per bushel FOB from C$12 the previous week, breaking a stretch of steady to lower prices since January. US elevator prices rose from US$7.70 a year earlier to US$9.90, driven by reduced US acres and drought.
Canadian prices are catching up to the US.
Flax is a minor feed ingredient, so the direct impact on feed buyers is small. The rally reflects tighter US supply that could persist.
producer.comSean PrattOct 26, 2017Not 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.
