The November canola has faced sharp losses during two sessions but still remains poised to close higher over the week after four sessions of trade.
The November canola has faced sharp losses during two sessions but still remains poised to close higher over the week after four sessions of trade.
The spot Canadian dollar weekly chart is showing lower highs and lower lows as two successive rallies have failed to lead to test previous highs.
After closing lower for seven of eight consecutive sessions, the December hard red spring wheat contract has close higher for three consecutive sessions and testing resistance.
Today's blog looks at the historical change in the seeded acre forecast for select crops from the unofficial estimates released on January to the March intentions report, along with the change in forecast from the March report to the final acres reported in Statistics Canada...
Recent weakness in canola futures has been accompanied by weakness in the track basis reported by the ICE Exchange.
Today's AMIS Market Monitor release shows both AMIS and the IGC forecasting a year-over-year increase in global wheat stocks for 2022-23, while the USDA's March forecast includes a drop in stocks.
Statistics Canada released February merchandise trade data on April 5, while this study looks at the month's activity for select crops and products.
While the USDA has estimated hard red spring wheat acres to fall to the lowest in decades, early unofficial forecasts from Canada's government shows an increase in acres offsetting acres lost in the U.S. forecast.
Canola oil as a feedstock for U.S. biofuel production is showing significant growth from year to year and month to month, while we are in early stages of planned expansion.
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