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Manitoba farmers are expected to plant up to two million acres of soybeans this spring, an increase of about 350,000 acres from last year. Growers are shifting away from canola, flax and cereals because soybean prices and yields have been favorable.
Expanded soybean acreage in Manitoba signals less cereal and canola area, which could tighten feed grain supplies in the region and modestly support soybean meal demand.
manitobacooperator.caRichard KamchenMar 14, 2017After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
Not 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.
