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An Agweek market outlook says farmers are expected to shift acreage toward canola in 2017 after strong winter demand and last fall's harvest disruptions. U.S. winter wheat conditions improved to 54 percent good/excellent, and spring wheat planting lags the normal pace.
Expected canola acreage growth points to larger future supply that caps prices, while wheat's huge supplies and improving crop ratings keep wheat pressured.
agweek.comAlex Norton, Beeson Inc.Apr 23, 2017Not 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.
