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Hay producers in Newfoundland and Labrador warn of another shortage after last year's drought-driven shortfall forced farmers to import more hay. 3C Farms says a wet summer prevented drying weather for a timely first cut, which will shorten the second cut and tighten supply across the province.
Local hay shortages raise feed costs for livestock owners and may increase demand for imported hay and forage. The effect on global grain or oilseed prices is limited.
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.