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Manitoba sunflower growers expect to compete with soybeans and corn for acres in 2017, despite better contract prices. Confection contracts are around 30 cents per pound and oilseed bids around 24 cents, both up from last year.
Canadian sunflower area was 68,000 acres in 2016.
Competition from soybeans and corn could cut sunflower acres, which would reduce supply of sunflower meal in Canada. Higher prices may partly offset that effect.
grainews.caGFM Network NewsFeb 9, 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.
