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Western Australian growers in Ongerup are sowing canola this season, with one farm reintroducing the crop because prices look strong compared with cereals. Oat area on the property was cut from 200 to 50 hectares, and the farm has received 200 millimetres of rain this year.
Stronger canola prices relative to cereals are pulling some Australian acreage into canola, which could ease oilseed meal tightness later in the year.
farmweekly.com.auStephanie SinclairApr 29, 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.
