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Industrial Info reports $2.07 billion in grain-related facility projects across the US and Canada, with 183 facilities planned or modified. The article cites USDA FAS forecasts of Canadian grain production rising 1.5% to 53.6 million tons in 2016-17.
Investment in grain infrastructure does not change near-term supply or prices for feed ingredients. The production figures are older forecasts and provide little new price signal.
industrialinfo.comNov 28, 2016After 303 past report events, Oats moved a median -0.0% over 5 sessions (50% higher; middle half -2.9% to +3.4%), and -0.3% over 20.
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.
